Best homeowners insurance in Louisville, KY for 2022

Jessica Olivo

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Jessica Olivo

Jessica Olivo

Freelance contributor

Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.

After working in publishing and book publicity for many years, she transitioned to freelance writing full time.

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Louisville’s propensity for thunderstorms, hail, and tornadoes, combined with a crime rate that’s more than double the national average, means fairly expensive homeowners insurance across the city. 

The average cost of homeowners insurance in Louisville is $2,406 per year or $201 a month. This is around 14% lower than the Kentucky statewide average of $2,795 per year, and about 26% higher than the national average of $1,899. 

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However, 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 Louisville.  

Best homeowners insurance companies in Louisville

State Auto has the lowest home insurance rate in Louisville, with an average yearly cost of $919 — almost $1,500 less than the city average. 

While cost is a big factor in picking an insurance provider, customer service should not be overlooked. State Farm scored the best of our top picks with J.D. Power, which rates companies based on customer and claims satisfaction. 

Policygenius analyzed thousands of quotes from the 5 largest Louisville 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 Louisville residents to find the best homeowners insurance in Louisville.

Company

Average yearly cost

J.D. Power Rating

State Farm

$2,694

835

Kentucky Farm Bureau Insurance

$5,608

--

Allstate

$3,112

829

Auto-Owners Insurance

$1,992

831

State Auto

$919

--

State Farm

State Farm logo

There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.

Pros

  • Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage

  • Get up to $1 million in personal liability coverage

  • Score discounts for bundling, installing security devices, and choosing a high deductible

  • File and track claims online, over the phone, in person, or through its mobile app

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers or going a year without a claim

Why State Farm tops our best list

State Farm’s mobile app makes it possible to access your homeowners insurance policy on the go. You can view your ID cards, track a claim, and contact an agent right from your phone. The app even allows you to upload photos directly from your phone or tablet.

How to get a quote

Online through State Farm

Kentucky Farm Bureau Insurance

Kentucky Farm Bureau Insurance logo

For over 75 years, Kentucky Farm Bureau Insurance has provided Bluegrass State residents with a strong mix of reliable coverage, affordability, and personalized customer service that you can generally expect from local or regional insurance agencies.

Pros

  • High-quality coverage add-ons, including replacement cost personal property, home daycare, and water backup coverage

  • Mobile home and farm coverage available

  • Score discounts for having a newish home or roof, going years without a claim, and installing safety devices

  • Save 20% on your premiums when you bundle your home and auto insurance

  • Low rate of customer complaints

  • Great customer service ratings

Cons

  • Farm Bureau membership required for coverage

  • Can't file claims online — must call and speak to a representative

Why Kentucky Farm Bureau tops our best list

If you own one of Kentucky’s nearly 76,000 farms, you can benefit from the convenience of having your home and farm insured by the same company. Kentucky Farm Bureau is a local insurer that boasts of knowing the state inside and out. It offers protection for your farm land as well as your equipment and buildings. 

How to get a quote

Online through Kentucky Farm Bureau 

Allstate

Allstate logo

Allstate's mix of exceptional customer satisfaction ratings, personalized coverage options, and numerous discount opportunities make it one of the most popular homeowners insurance companies on the market.

Pros

  • Several coverage add-ons, including ones for roof surfaces, water backup, green improvements, and mold protection

  • 8+ discounts, including autopay, bundling, zero claims, and new homebuyer

  • Get up to 25% off your premiums when you bundle home and auto insurance

  • Excellent customer service and claims satisfaction ratings

  • File and track claims online or through its mobile app

Cons

  • Rates are typically high compared to competitors

Why Allstate tops our best list

Even though Allstate isn’t the cheapest option in Louisville, its customer service ratings add value to your policy that goes beyond cost. If you are looking to save money on an Allstate policy, you can get a 25% discount for bundling your home and auto insurance. In Louisville, that can quickly add up to almost $800 in savings. 

How to get a quote

Online through Policygenius or Allstate 

Auto-Owners Insurance

Auto-Owners Insurance logo

Auto-Owners is the 12th largest home insurance provider in the U.S. thanks to its low rates, numerous discounts, and robust coverage options — including inland flood insurance.

Pros

  • Excellent coverage add-ons, including inland flood insurance, guaranteed replacement cost, and equipment breakdown coverage

  • Flood insurance covers belongings in your basement — a rare find

  • Save on premiums by bundling policies, paying off your mortgage, choosing a high deductible, having a backup generator, and more

Cons

  • Can't file claims online — you must call or visit an agent to get started

Why Auto-Owners Insurance tops our best list

If you live in a low or moderate-risk flood zone, you can add flood coverage directly to your homeowners insurance without needing separate flood insurance. Since floods can be a big problem no matter where you live in the city, this coverage can add a big value to your policy.

How to get a quote

Through an Auto-Owners Insurance agent

State Auto

State Auto logo

With impressive policy add-ons — including increased property coverage if you WFH and home-sharing coverage for Airbnbers — along with a slew of discount opps, we're not surprised State Auto is one of the most popular home insurance carriers in Kentucky.

Pros

  • Excellent policy add-ons, including personal injury protection, equipment breakdown coverage, increased limits for business property coverage, and more

  • Expanded replacement cost coverage for your home and belongings available

  • Offers home-sharing coverage if your rent out a room or your whole house on Airbnb

  • Score discounts for bundling, having a newer home or roof, getting a quote in advance, and more

  • File and track claims online

  • Low rate of customer complaints

Cons

  • Best coverage features are only available in the higher-priced product tiers

Why State Auto tops our best list

State Auto offers three levels of protection to fit the needs of every homeowner. Its standard policy gives you the option to add identity theft protection or replace damaged property with one of similar quality and value; its middle tier covers up to $1,000 in lost freezer and refrigerator contents resulting from a power outage; and its top tier offers expanded coverage and higher limits. 

How to get a quote

Online through Policygenius or through a State Auto agent 

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Cheapest homeowners insurance companies by ZIP code in Louisville

Looking at average home insurance costs for 15 of the most popular companies in Louisville, we found that the cheapest home insurance in the city can be found in the 40293 ZIP code with State Auto. The average State Auto rate in this area is $867 per year — 64% less than the city average of $2,406 per year. 

Homeowners can look to State Auto for the lowest home insurance costs throughout Louisville. In every ZIP code, State Auto’s rates are the cheapest.

ZIP code

Company

Average yearly cost

40202

State Auto

$893

40203

State Auto

$921

40204

State Auto

$893

40205

State Auto

$883

40206

State Auto

$883

40208

State Auto

$920

40209

State Auto

$939

40210

State Auto

$961

The most affordable areas for homeowners insurance in Louisville

With an average home insurance rate of $2,243 per year, the 40241 ZIP code is the most affordable area for home insurance in Louisville. The majority of homes in this area were built in the last thirty years and are moderately valued — both of which are factors that will make home insurance more affordable.

ZIP code

Average yearly cost

40241

$2,243

40223

$2,244

40222

$2,261

40245

$2,272

40205

$2,273

The most expensive areas for homeowners insurance in Louisville

With an average home insurance rate of $2,566, the 40208 ZIP code (Algonquin) is the most expensive area for home insurance in Louisville. Most homes in this area were built prior to 1940, and older homes are generally more expensive to insure. 

ZIP code

Average yearly cost

40208

$2,566

40211

$2,547

40212

$2,545

40203

$2,529

40215

$2,515

Shopping for homeowners insurance in Louisville

As you shop for homeowners insurance, it’s important to know how each coverage works and how much you need. Understanding how dwelling coverage works and how much you need, or how much liability protection you need to cover expensive medical bills or lawsuits, will ensure a more accurate coverage and rate comparison when you compare quotes. If you don’t know how much coverage you require, a Policygenius expert can help.

In this section, we break down the average annual home insurance rates in Louisville for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies in the state for individuals with a poor credit score, dog owners, and pool owners. Once you’re ready to shop, a Policygenius expert can help you navigate your coverage needs and help you find the best deal on homeowners insurance in Louisville.

Louisville home insurance costs by coverage amounts

Dwelling coverage is the part of your home insurance that pays to repair or rebuild your home after a covered event, such as a fire. Your dwelling coverage amount should be based on your home’s replacement value — or the amount it would cost to completely rebuild your house from the ground up. 

More dwelling coverage means higher home insurance rates, so it’s important to ensure you don’t overinsure your house. As the table demonstrates, there is a $710 difference between a policy with $400,000 in dwelling coverage and one with $500,000 in coverage.

Dwelling coverage amount

Average yearly cost

$100,000

$1,198

$200,000

$1,797

$300,000

$2,406

$400,000

$3,077

$500,000

$3,787

Liability coverage is the part of your home insurance that pays for medical or legal bills in case you’re legally responsible for someone else’s injury. Your liability coverage limit should be based on the total value of your assets, such as your house, cars and other vehicles, and your liquid assets. 

Liability coverage amount

Average yearly cost

$100,000

$2,397

$200,000

$2,572

$300,000

$2,406

$400,000

$2,727

$500,000

$2,344

Louisville home insurance costs by deductible amount

Your deductible is the amount of money you’re responsible for paying toward each covered claim. While choosing a higher deductible can save you money on your premium, it also means you’ll be paying more out of pocket before your insurer will reimburse you for a loss.

As seen in the table below, Louisville residents can save around $350 on home insurance by choosing a $2,000 deductible over the $500 option.

Deductible amount

Average yearly cost

$500

$2,345

$1,000

$2,406

$2,000

$2,695

Home insurance discounts in Louisville

Insurance companies will often offer discounts to customers who take steps to make their home safer, since you are less likely to file an insurance claim — a win for you and your insurer. 

While you won’t get a huge discount if your house has one of the following features and nothing else, they can add up if you have several protective devices in your home. Here is the average annual rate and average discount percentage for homes in Louisville with deadbolts, smoke alarms, or burglar alarms. 

Discount

Average yearly cost

Dead bolt

$2,406

Smoke alarm

$2,404

Burglar alarm

$2,328

Home insurance companies in Louisville for dog owners

Dog owners may pay more for home insurance since certain breeds are accountable for more dog bites and liability claims. 

With an average rate of $919 per year, State Auto has the cheapest home insurance rates in Louisville for a home with a dangerous dog breed, while Kentucky Farm Bureau’s average yearly premium of $5,608 is the highest. 

Company

Average yearly cost

State Auto

$919

Auto-Owners Insurance

$1,992

State Farm

$2,694

Allstate

$3,112

Kentucky Farm Bureau Insurance

$5,608

Home insurance companies in Louisville for poor credit

Your credit score is one of the many factors home insurance companies use to determine your rate. Insurers often charge higher rates to customers who have low credit scores due to the higher likelihood of small dollar amount claims.  

With an average rate of $3,534 per year, State Auto has the cheapest home insurance rates in Louisville for a homeowner with poor credit, while Auto-Owner Insurance’s average yearly premium of $16,293 is the highest. 

Company

Average yearly cost

State Auto

$3,534

Allstate

$4,428

State Farm

$4,626

Kentucky Farm Bureau Insurance

$6,185

Auto-Owners Insurance

$16,293

Home insurance companies in Louisville for pool owners

Since swimming pools can lead to an increased risk of injuries and liability claims, pool owners often pay more for homeowners insurance. 

Not all insurers increase rates for this reason, however, so it’s best to shop around to find the lowest price. 

With an average rate of $919 per year, State Auto has the cheapest home insurance rates for Louisville homes that have a swimming pool, while Kentucky Farm Bureau’s average yearly premium of $5,608 is the most expensive.

Company

Average yearly cost

State Auto

$919

Auto-Owners Insurance

$1,992

State Farm

$2,694

Allstate

$3,112

Kentucky Farm Bureau Insurance

$5,608

How to buy homeowners insurance in Louisville

Homeowners insurance in Louisville can be expensive, but it’s an expense today that could save you thousands in the future. Here are some steps to follow to make sure you’re getting a homeowners insurance policy that offers the best value for you and your home.

  1. Reach out to a licensed Policygenius agent. A Policygenius agent can answer questions and take the guesswork out of finding the right home insurance policy. Our services are free and won’t have an impact on your credit report.

  2. Ask about the Kentucky FAIR plan. Some risk factors may keep you from getting coverage through traditional insurers. If you’ve been rejected by at least three Louisville insurance companies, the Kentucky FAIR plan is available as a last resort option. 

  3. Consider purchasing flood insurance. Louisville can be prone to flooding, and since water damage isn’t usually covered by home insurance, you may want to consider flood insurance if you live in a high-risk area. 

  4. Figure out how much you can afford to pay for your deductible. While choosing a higher deductible will help lower your rates, it may not be worth the added cost if you have to pay multiple deductibles throughout the year. Keep your risk factors in mind when deciding how much you can afford to pay out of pocket.

  5. Compare quotes from a Policygenius agent. Since insurance companies calculate your rate using different factors, comparing quotes from multiple insurers is the best way to find the best coverage at the cheapest price.

  6. Choose your policy, sign, and pay your first premium. Once you’ve picked out a home insurance policy, all you have to do is sign and make your first premium payment. A Policygenius agent can complete the rest of the paperwork on your behalf. 

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Frequently asked questions

What is the average cost of home insurance in Kentucky?

The average cost of homeowners insurance in Kentucky is $2,705. The average cost in Louisville is $2,406.

Do you need tornado insurance in Kentucky?

Most insurance policies cover tornados, but if you live in an area that is prone to windstorms, as parts of Kentucky are, you may need to purchase additional coverage.

What is a FAIR plan homeowners insurance?

Most states have FAIR plans that make homeowners insurance policies available to homeowners who have been rejected by traditional insurance companies.

What is Coverage A and B?

Coverage A is your dwelling coverage while Coverage B refers to your “other structures” like fences, sheds, and detached garages.

Methodology

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.