Around 11% of Kentucky is in a high-risk flood zone — the 16th most of any U.S. state — yet only 1 in 10 homes in these areas are protected with flood insurance.  
Homeowners insurance typically won’t cover flood damage to your home and personal belongings, so Kentucky homeowners in flood-prone regions of the state should consider separate flood insurance coverage.
What does flood insurance cover in Kentucky?
Flood insurance helps cover the cost of flood damage to your home and belongings. That means if your house is damaged due to flooding caused by heavy rainfall, a river overflow, or any other sources of natural flooding, flood insurance can pay to repair or replace your property.
A standard flood insurance policy through the FEMA-backed National Flood Insurance Program (NFIP) comes with two main coverages that can be purchased together or individually.
Building property coverage: Pays to repair or rebuild your house or garage if they’re damaged in a flood. The maximum building property coverage limit with the NFIP is $250,000, meaning that’s the most the NFIP will reimburse you for repairs, regardless of the damage amount.
Personal property coverage: Pays to repair or replace your belongings if they’re damaged in a flood. This includes your furniture, electronics, clothes, and any other items you own. The maximum personal property coverage limit with the NFIP is $100,000.
Each coverage also comes with its own separate out-of-pocket deductible, which is the amount you’re responsible for paying on each claim. Choosing a higher deductible will lower your flood insurance premium, but it will also reduce your claim payout.
Covered by NFIP flood insurance
Your home’s structure, including electrical and plumbing systems
Built-in appliances like refrigerators and dishwashers
Personal belongings like clothing, furniture, and electronics
Expensive valuables (up to $2,500)
Not covered by NFIP flood insurance
Home or personal property damage caused by mold, mildew, or moisture
Currency, precious metals, and valuable papers
Belongings outside of your home, such as trees, plants, decks, hot tubs, etc
Any belongings in your basement
Flood insurance helps fill an important coverage gap
Most homeowners insurance policies do not cover water damage caused by flooding, so if you live in a flood-prone area, you should consider purchasing flood insurance to ensure your home and personal belongings are completely protected.
Does Kentucky require flood insurance?
While you aren’t legally required to buy flood insurance in Kentucky or anywhere else in the country, if your home is one of the approximately 106,065 in Kentucky in a high-risk flood zone, your lender may require it as a stipulation in your mortgage agreement.
But even if your lender doesn’t require it, homeowners in flood-prone areas of Kentucky will want to consider this important piece of financial protection. While only around 5% of Kentucky homes are located in Special Flood Hazard Areas, around 25% of all flood insurance claims come from moderate- to low-risk areas, according to FEMA. 
Here’s a look at the total number of housing units and the percentage of all homes in high-risk flood zones for each county in Kentucky.
Where can I buy flood insurance in Kentucky?
Kentucky residents can buy flood insurance in one of two ways: through the NFIP, which is regulated and backed by the federal government and sold by insurance companies, or private flood insurance.
Private flood insurance vs. NFIP coverage
Private flood insurance generally gives you the option for higher coverage limits beyond the relatively low $250,000/$100,000 in coverage you’re limited to with the NFIP.
Additionally, private flood policies include coverages and perks that aren’t available through the heavily regulated NFIP. This includes loss of use coverage to help cover the cost of lodging or restaurant meals in the event your house is badly damaged and you’re forced to evacuate; or replacement cost coverage for your personal belongings.
Here’s a look at what Kentucky residents can expect with NFIP and private flood insurance.
NFIP flood insurance
Private flood insurance
Building property coverage
Max of $250,000
Up to $15,000,000 depending on the company
Personal property coverage
Max of $100,000
Up to $1,000,000 depending on the company
Additional living expenses
Limited to wall fixtures, air conditioners, washer/dryers
$1,000 to $10,000
$1,000 to $50,000
As little as 0 to 10 days
Accepted by mortgages
56 states and jurisdictions
May be limited in higher-risk areas
How much is flood insurance in Kentucky?
The average cost of flood insurance in Kentucky is $796 per year through the NFIP and around $690 per year when purchased through a private flood insurance company.
Looking at the 20 Kentucky cities with at least 100 NFIP policyholders, flood insurance costs as much as $2,056 in Frankfort, a city that has a moderate risk of flooding over the next 30 years; and as low as $680 per year in Berea, a city that is also expected to have a moderate risk of flooding over the next 30 years, according to Risk Factor. 
Here’s a look at the average cost of flood insurance in Kentucky cities with at least one active FEMA flood insurance policy.
Your flood insurance costs are generally calculated based on the following factors:
Where you live
Your home’s elevation and construction type
The amount of coverage in your policy
Policy deductible amount
In addition to the above factors, the amount you pay for flood insurance will also depend on how your flood insurance provider calculates your rates.
FEMA, for example, has historically based its rates on whether or not your house is in a high-risk flood zone according to its Flood Insurance Rate Maps (FIRMs). This means you’ll often pay the same flood insurance rate as your neighbor if you live in the same flood zone, even if their house is larger or closer to a beach or riverbank.
Conversely, private flood insurance providers use more advanced methods to determine and price flood risk. This includes analyzing each home’s elevation and simulating flood events using computerized models.
5 cheapest Kentucky cities for flood insurance
Here are the cheapest cities in Kentucky for flood insurance out of those with at least 100 NFIP policyholders.
Average annual cost
5 most expensive Kentucky cities for flood insurance
Here are the most expensive cities in Kentucky for flood insurance out of those with at least 100 NFIP policyholders.
Average annual cost
Flood insurance rates by flood zone in Kentucky
Flood insurance rates in Kentucky will generally vary depending on where you live and whether or not your house is in a high-risk flood zone, which it determines based on the likelihood of flooding over a period of time. Any A or V zone, for example, has at least a 1% chance of flooding during any given year.
Also referred to as a 100-year flood plain, these areas have the highest flood risk, according to FEMA flood maps. Here are the average flood insurance rates in areas with a high risk, moderate to low risk, and undetermined risk, according to an analysis of NFIP premium data.
Average annual cost
High risk (A or V)
Moderate to low risk (B, C, or X)
Undetermined risk (D)
Regardless of which flood zone you live in, you’ll want to make sure you’re finding the best flood insurance at the most affordable rate. For the best flood insurance policy comparison, consider comparing both NFIP and private flood insurance plans with Policygenius.
How to find out if your home is in a high-risk flood zone
To find out if your current or future house is in a FEMA-designated flood plain, consult the agency’s Flood Map Service Center. These maps can help you make an informed decision about where to live, what to build, and can help you determine whether or not you’ll need flood insurance.
Kentucky flood insurance companies
Once you’re ready to purchase flood insurance, be sure to compare quotes from both the NFIP and private flood insurance plans. If you have homeowners insurance, your provider likely offers flood coverage via the NFIP, but it may have a private flood insurance option as well.
After analyzing data from the National Association of Insurance Commissioners, we found at least four companies that offer private flood insurance in Kentucky. If you feel you’re looking for better coverage or lower rates, consider getting quotes from one of the following companies.
Average annual cost
Our team of licensed insurance agents at Policygenius can help you compare flood insurance policies and find the best option for you. Click the calculator to get started.
Compare flood insurance rates in Kentucky
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