Kentucky enjoys four-season weather but can experience tornado activity and flooding, meaning residents should have reliable home insurance to protect their homes from damage.
The average cost of homeowners insurance in Kentucky is $2,565 per year or $214 a month. This is around 46% higher than the national average of $1,754.
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Compare the best homeowners insurance companies in Kentucky
According to our analysis, Auto-Owners, State Farm, Allstate, and Farm Bureau are the best homeowners insurance companies in Kentucky.
Policygenius analyzed thousands of quotes across the state to find the average cost of homeowners insurance from each company. We then looked at J.D. Power customer satisfaction scores and compared that with the coverage needs of the state's residents to find the best homeowners insurance in Kentucky.
Company | Average monthly cost | Policygenius rating |
|---|---|---|
$207 | 5.0 out of 5 | |
$234 | 4.8 out of 5 | |
$296 | 4.4 out of 5 | |
$351 | 3.9 out of 5 |
2023 Policygenius award winner
Auto-Owners Insurance
5.0
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Why we chose it
Auto-Owners Insurance is the best homeowners insurance company in Kentucky thanks to its extensive policy and coverage options, its high marks for financial strength, its customer experience ratings, and its affordable rates.
Pros and cons
Pros
Offers a slew of extra coverage add-ons
Rates are cheaper than average in Kentucky
Flood insurance through the NFIP
Cons
Not able to get quotes or file claims online
More details
Why Auto-Owners Insurance is our pick for best overall company
Auto-Owners Insurance is one of the best home insurance companies in Kentucky, especially if you want to add more protection to a basic policy. Auto-Owners offers add-ons like guaranteed replacement cost coverage, water backup protection, inland flood coverage, and more.
In Kentucky, Auto-Owners' rates are a little cheaper than average. Plus, Auto-Owners offers more than a dozen discounts, including many that are easy to qualify for, like signing up for automatic payments and paperless billing.
How much does Auto-Owners home insurance cost in Kentucky?
The average cost of Auto-Owners home insurance in Kentucky is $2,489 per year, which is 3% cheaper than the statewide average.
How to get quotes
To get a homeowners insurance quote, you’ll have to call a local Auto-Owners Insurance agent.
2023 Policygenius award winner
State Farm
4.8
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Offers earthquake insurance
Wind/hail deductible
Offers wildfire insurance
Why we chose it
State Farm is one of the best home insurance companies in Kentucky thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.
Pros and cons
Pros
Top-tier coverage add-ons, including extended replacement cost coverage
High customer satisfaction and financial strength ratings
Big discount for bundling home and auto coverage
Cons
No discounts for first-time homebuyers
Rates are more expensive than average in North Dakota
More details
Why we chose State Farm
State Farm is one of our picks for the best home insurance in Kentucky, especially if you want to add protection to a basic policy. With State Farm homeowners can get extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, and more.
State Farm's customer service is highly rated, too. The company has received high ratings from policyholders, according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. It has also received the highest rating possible from A.M. Best for financial strength and stability.
How do State Farm home insurance rates compare to the Kentucky average?
The average cost of home insurance from State Farm in Kentucky is $2,812 per year, which is 10% more expensive as than the statewide average.
How to get a quote
Online through State Farm or by contacting your local State Farm agent.
2023 Policygenius award winner
Allstate
4.5
Bundle home & auto
Smart home discounts
Why we chose it
Allstate is one of the top home insurance companies in Kentucky. While its rates are higher than average in the state, Allstate also offers a few add-ons that can make a basic policy stronger.
Pros and cons
Pros
Offers HostAdvantage for short-term rental coverage
Offers water backup protection, other endorsements
Cons
Beginning to pull back coverage in high-risk areas
Higher rates than average in Kentucky
More details
Why we chose Allstate
Allstate is a top home insurance company in Kentucky. We like that Allstate offers some home insurance coverages that you can add to your policy for more protection, like water backup protection, scheduled personal property coverage, and identity theft restoration coverage.
If you're looking to cover your short-term rental, Allstate's HostAdvantage is another perk. HostAdvantage comes with theft protection, coverage for your damaged property ($10,000 per host period), and a $25 discount on cleaning services from Merry Maids.
How do Allstate home insurance rates compare to the Kentucky average?
The annual average cost of Allstate home insurance in Kentucky is $3,556 per year, which is 39% more expensive than the statewide average.
How to get a quote
Online through Policygenius or Allstate, or by contacting a local Allstate agent.
Texas Farm Bureau
3.9
Bundle home & auto
Smart home discounts
Mobile app
New homebuyer discount
Why we chose it
Farm Bureau offers exceptional customer service and the option to bundle a slew of insurance policies on top of just home insurance, include farm and ranch coverage. Its rates are more expensive than average, though.
Pros and cons
Pros
Excellent customer service score — received 99% fewer complaints expected for a company of its size in 2021
Excellent financial strength rating from A.M. Best, proving it likely has the funds to pay out claims in the wake of a natural disaster
Only pay one deductible if your home, car, and boat are damaged in the same event and you bundle your insurance policies with Farm Bureau
Cons
Rates are more expensive than average in Kentucky
Need to have a Farm Bureau membership to purchase insurance
More details
Why we chose Farm Bureau
Farm Bureau is one of the top home insurance companies in Kentucky. Farm Bureau offers a complete line of insurance products — from auto, home, life, commercial, and ranch, allowing you to have all of your policies with one company.
Farm Bureau also gets much fewer complaints than expected, according to the National Association of Insurance Commissioners. Rates from Farm Bureau are more expensive than average, but the company also offers a range of discounts, including bundling and new home discounts.
How do Farm Bureau home insurance rates compare to the Kentucky average?
The average cost of Farm Bureau home insurance in Kentucky is $4,213 per year, which is about 64% more expensive than the statewide average annual premium.
How to get a quote
By contacting a local Farm Bureau agent
How much is homeowners insurance in Kentucky?
The average cost of homeowners insurance in Kentucky is $2,565 per year, or $214 a month, for an insurance policy with $300,000 in dwelling coverage. This means insurance in the Bluegrass State is $811 more expensive than the national average per year.
Kentucky homeowners insurance rates by city
We calculated the cost of home insurance in Kentucky's largest cities and found that Florence is the cheapest big city for homeowners insurance in the state, while Henderson is the most expensive.
Here’s a look at the average cost of home insurance in the 20 largest cities in Kentucky.
City | Average monthly cost | Average annual cost | Difference from state average (%) |
|---|---|---|---|
Bowling Green | $179 | $2,150 | -16% |
Owensboro | $188 | $2,255 | -12% |
Covington | $163 | $1,961 | -24% |
Georgetown | $163 | $1,959 | -24% |
Richmond | $182 | $2,189 | -15% |
Florence | $156 | $1,869 | -27% |
Nicholasville | $168 | $2,012 | -22% |
Elizabethtown | $194 | $2,325 | -9% |
Hopkinsville | $193 | $2,310 | -10% |
Independence | $168 | $2,018 | -21% |
Jeffersontown | $162 | $1,942 | -24% |
Frankfort | $175 | $2,099 | -18% |
Henderson | $202 | $2,429 | -5% |
Paducah | $199 | $2,391 | -7% |
Radcliff | $198 | $2,371 | -8% |
Ashland | $198 | $2,377 | -7% |
Erlanger | $158 | $1,893 | -26% |
Madisonville | $195 | $2,340 | -9% |
Winchester | $178 | $2,140 | -17% |
Mount Washington | $180 | $2,156 | -16% |
Kentucky homeowners insurance rates by coverage amount
The table below highlights the average annual premium in Kentucky for five different levels of dwelling coverage, which is the part of your policy that covers structural damage to your home.
Generally speaking, more dwelling coverage means higher homeowners insurance rates, as shown in the table below.
Cheapest homeowners insurance companies in Kentucky
After analyzing home insurance rates in all of the state's ZIP codes, we found that the cheapest home insurance companies in Kentucky are State Auto, Cincinnati Insurance, Westfield Insurance, Progressive, and Auto-Owners Insurance.
Cheapest Kentucky homeowners insurance if you have poor credit
Poor credit can be bad news when it comes to home insurance rates. Insurance companies consider a bad credit score to be an indicator of risky behavior and an increased risk of filing an insurance claim.
With an average rate of $1,789 per year, Cincinnati Insurance has the cheapest home insurance rates in Kentucky for a homeowner with poor credit.
Company | Average annual cost |
|---|---|
Cincinnati Insurance | $1,789 |
Progressive | $3,074 |
Nationwide | $3,603 |
Grange Insurance | $3,961 |
Westfield Insurance | $4,287 |
State Farm | $4,926 |
Allstate | $5,073 |
State Auto | $5,133 |
Farm Bureau Insurance | $5,299 |
AAA | $7,333 |
Auto-Owners Insurance | $20,821 |
Cheapest Kentucky homeowners insurance if you have an older home
It can cost a lot to insure older homes. That's because they're more prone to structural damage than new homes. Older homes are also often constructed out of materials and with features that would be expensive to replace if they were damaged.
With an average annual premium of $1,649, Westfield Insurance offers the cheapest home insurance rates in Kentucky for an older home.
Company | Average annual cost |
|---|---|
Westfield Insurance | $1,649 |
Cincinnati Insurance | $1,733 |
Progressive | $2,306 |
Auto-Owners Insurance | $2,448 |
Grange Insurance | $2,745 |
Nationwide | $2,813 |
State Farm | $2,862 |
State Auto | $2,971 |
Allstate | $3,433 |
AAA | $4,212 |
Farm Bureau Insurance | $5,069 |
Cheapest Kentucky homeowners insurance if you have a history of claims
If you have multiple claims on your record, you'll typically pay more for home insurance, as insurers will consider you more likely to file future claims than a homeowner with a spotless claims history.
With an average annual premium of $1,880, Westfield Insurance offers the cheapest home insurance rates in Kentucky if you've filed three claims within a five-year period.
Company | Average annual cost |
|---|---|
Westfield Insurance | $1,880 |
Auto-Owners Insurance | $2,489 |
Progressive | $2,941 |
State Farm | $3,266 |
Grange Insurance | $3,370 |
Cincinnati Insurance | $3,840 |
Nationwide | $4,765 |
Farm Bureau Insurance | $5,069 |
State Auto | $5,206 |
Allstate | $5,821 |
AAA | $12,149 |
Coverage options in Kentucky
In addition to looking at how much each insurance company charges for different coverage levels and risks, you should also know what your policy does and doesn’t cover.
When buying homeowners insurance in Kentucky, you may need additional insurance to protect yourself against flooding and damage from strong winds.
Flood insurance
Your regular home insurance policy won't cover flood damage. If you live in a part of Kentucky where flooding can happen, you should consider flood insurance along with your regular home insurance.
In addition to comparing home insurance quotes, homeowners in Kentucky can also compare private flood insurance rates with Policygenius, or choose a policy through a government entity like the National Flood Insurance Program.
Windstorm insurance
High winds and tornadoes can come along with Kentucky's thunderstorms. Home insurance usually covers damage from wind, and from tornadoes, but can sometimes get a little more complicated.
Some home insurance companies in Kentucky may charge a separate wind deductible, while others won't cover wind damage at all. If you're not covered, you would need to get a separate windstorm policy or find a company that covers wind damage.
How to buy homeowners insurance in Kentucky
We’ve rounded up our top five favorite tips to show you how easy it is to buy homeowners insurance in Kentucky. We can help you find the best solution that works for your home insurance needs.
Frequently asked questions
What is the average home insurance cost in Kentucky?
The average home insurance rate in Kentucky is about $2,565 per year, or $214 a month.
Do you need tornado insurance in Kentucky?
Tornadoes are classified as windstorms in your home insurance policy, so you generally won’t need separate coverage to protect against tornado damage. An adequate homeowners policy can ensure you and your family are protected in the event that severe weather strikes.
How can I lower my homeowners insurance in Kentucky?
The quickest way to lower the cost of your home insurance is by comparing quotes from several companies based on your coverage needs, limits, and how much of a deductible you can afford. Once you’ve reviewed your options, ask about any discounts, and pick the best policy that works best for you.
What if I'm denied home insurance coverage in Kentucky?
If you're denied home insurance coverage on the standard market due to your claims history, where you live, or other factors that make you high risk to insure, you should look into home insurance coverage through the Kentucky FAIR Plan. This is a state-mandated insurance program that offers coverage to Kentucky homeowners who've struggled to find a home insurance policy elsewhere.
