Kentucky is known for its love of basketball, bluegrass, and horses, making it a great state to call home. The state enjoys four-season weather and endures its share of tornado activity, meaning residents should have reliable home insurance to protect their homes from damage.
The average cost of homeowners insurance in Kentucky is $2,705 per year or $225 a month. This is around 30% higher than the national average of $1,899.
However, the cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Kentucky.
Best homeowners insurance companies in Kentucky
Of the companies we looked at, State Auto has the lowest home insurance rates in Kentucky, with an average annual policy cost of $1,285 per year — about $1,400 more than the state average. Auto-Owners Insurance has the next lowest average rates at $2,489 per year.
Policygenius analyzed thousands of quotes from the 5 largest Kentucky insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Kentucky residents to find the best homeowners insurance in Kentucky.
Why State Farm tops our best list
State Farm is one of the top-rated companies in the home insurance industry. Customers can get up to $1 million in personal liability coverage and choose from other personalized options. File and track claims online through the State Farm website, mobile app, or by calling and speaking to a representative.
How to get a quote
Online through State Farm
Why Kentucky Farm Bureau tops our best list
Kentucky Farm Bureau offers excellent customer service with friendly local agents who are committed to helping you find the right protection for your home. Customers can score discounts for having a newer roof, installing security systems, and can also get up to 20% off home and auto insurance by bundling policies.
How to get a quote
Online through Kentucky Farm Bureau
Why Allstate tops our best list
Allstate scored an impressive 829 out of 1,000 in J.D. Power’s 2021 home insurance study, making it one of the most popular companies in the country. Customers can bundle their home and auto insurance policies to earn a 25% discount, and get further discounts by having zero claims and being a new home buyer.
How to get a quote
Online through Policygenius and Allstate
Why Auto-Owners tops our best list
Auto-Owners Insurance offers a complete line of insurance products, including inland flood insurance, which is a type of coverage not usually found with other insurance providers. Customers can save on home insurance by bundling home and auto policies, choosing a high deductible, and paying off their mortgage.
How to get a quote
Online through Auto-Owners
Why State Auto tops our best list
Of the companies we looked at, State Auto had the cheapest home insurance rates in Kentucky. Throw in excellent coverage add-ons like personal injury protection, equipment breakdown coverage, and discounts for bundling home and insurance policies and getting a quote in advance. It’s no wonder State Auto is a favorite of Kentucky residents.
How to get a quote
Online through Policygenius or State Auto
Cheapest homeowners insurance companies by city in Kentucky
Looking at average home insurance costs for the 15 most popular insurers in Kentucky, we found that the cheapest homeowners insurance companies in the state are State Auto, Auto-Owners Insurance, and State Farm.
The average State Auto rate in Lexington is $921 per year — over $1,800 less than the state average.
Shopping for homeowners insurance in Kentucky
Shopping for home insurance in Kentucky can be confusing because of the many options to choose from. No matter where you live in the state — from the eastern coal mine region down to Louisville and all along the Ohio River — Policygenius will help you find a policy that suits your home insurance needs.
In this section, we break down the average annual home insurance rates in Kentucky for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies for dog and pool owners.
Kentucky home insurance costs by coverage amounts
Dwelling coverage is the section of your homeowners policy that pays to repair or replace your home after a covered loss.
With average Kentucky home prices in the upper $100,000 range, homes with dwelling coverage limits of $100,000 to $200,000 can expect to pay $111 to $166 each month for home insurance.
Personal liability coverage is the portion of your home insurance policy that pays for the medical, legal, or repair bills if someone is injured or their property is damaged and you’re found responsible.
Kentucky home insurance costs by deductible amount
Your deductible is the amount you’re responsible for paying your insurance company before they reimburse you for a claim. A lower deductible means higher overall monthly payments, but lower out-of-pocket expenses for a covered claim.
As you can see in the table below, Kentucky residents can save around $190 on home insurance by choosing a $1,000 deductible over the $2,000 option.
Home insurance discounts in Kentucky
Some insurance companies offer discounts to homeowners if their homes have certain security features like deadbolt locks, smoke detectors, and home security systems. Although there isn’t a large discount for homeowners in Kentucky for these features, having them added to your home can help protect you and your family.
Home insurance companies in Kentucky for dog owners
Pet ownership is more than just feeding and taking your dog for walks. It’s also being a responsible pet owner and making sure your dog is on a leash and contained when around unfamiliar people. Some insurers charge higher rates for certain aggressive breeds and could even deny you coverage altogether if you own one.
With an average rate of $1,285 per year, State Auto has the cheapest home insurance rates in Kentucky for a home with a dangerous dog breed, while Kentucky Farm Bureau's average yearly rate is almost $4,806.
Home insurance companies in Kentucky for poor credit
Some insurance companies consider a poor credit score to be an indicator of risky behavior and an increased risk of filing an insurance claim, so many charge higher rates as a result. This means a few late payments could cost you more than just a late payment fee, but thousands more in higher insurance rates.
With an average rate of $4,926 per year, State Farm has the cheapest home insurance rates in Kentucky for a homeowner with poor credit. Meanwhile, Auto-Owners Insurance rates are the highest of the providers we analyzed, with a $20,821 yearly rate.
Home insurance companies in Kentucky for pool owners
Home insurance rates are higher for those with a swimming pool. Some insurance companies consider swimming pools as a liability risk, meaning there’s an increased likelihood of claims.
With an average rate of $1,285 per year, State Auto has the cheapest home insurance rates for Kentucky homes that have a swimming pool, while Kentucky Farm Bureau has the most expensive rates at $4,806 per year.
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.
Reach out to a licensed Policygenius agent. Our team of experienced agents can help you find affordable quotes tailored to your budget and needs — at no cost or obligation to you.
Ask if you should purchase flood insurance. With its location along the Ohio River, flooding has been a real issue for some Kentucky residents. If you live near a flood-prone area, ask a Policygenius agent about adding flood insurance to your protection plan.
Figure out how much you can pay for your deductible.A higher deductible means you’ll pay less upfront for your home insurance, but more when it's time to file a claim. A Policygenius agent can help you pick out a deductible that works within your budget.
Compare quotes from a Policygenius agent.Once you’ve identified your coverage needs, limits, and deductibles, a Policygenius agent will send over quotes from top companies so you can review them in the comfort of your home.
Sign the policy, and pay your first premium. After you’ve settled on the company and policy that works best for you, Policygenius will handle all of the paperwork for you. All you have to do is sign the policy and pay your first premium.
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:
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
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.