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 $2,086 per year or $174 a month. This is around 19% lower than the Kentucky statewide average of $2,565 per year, and about 19% higher than the national average of $1,754.
Compare the best cheap homeowners insurance companies in Louisville
Looking at the largest companies in Louisville by market share, Policygenius analyzed the latest rate data from Quadrant Information Services. We then looked at 2022 J.D. Power customer satisfaction scores and compared that with the coverage needs of Louisville residents to find the best homeowners insurance in Louisville.
To find the best cheap homeowners insurance in Louisville, Policygenius rated over a dozen of the largest insurance companies in Kentucky across several categories, such as average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.
Company | Average monthly cost | Policygenius rating | |
|---|---|---|---|
$166 | 5.0 out of 5 | ||
$225 | 4.8 out of 5 | ||
$259 | 4.4 out of 5 |
2024 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 Louisville?
The average cost of Auto-Owners home insurance in Louisville is $1,992 per year, which is 5% 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.
2024 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 Kentucky
More details
Why we chose State Farm
State Farm is one of our picks for the best home insurance in Louisville, 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 Louisville average?
The average cost of home insurance from State Farm in Louisville is $2,694 per year, which is 29% more expensive as than the statewide average.
How to get a quote
Online through State Farm or by contacting your local State Farm agent.
2024 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 Louisville average?
The annual average cost of Allstate home insurance in Louisville is $3,112 per year, which is 49% more expensive than the statewide average.
How to get a quote
Online through Policygenius or Allstate, or by contacting a local Allstate agent.
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.
How much is homeowners insurance in Louisville?
The average cost of home insurance in Louisville is $2,086 per year, or $174 a month, for a policy with $300,000 in dwelling coverage. This is around 19% cheaper than the average annual cost of $2,565 for homeowners insurance in Kentucky, and about 19% higher than the national average.
Louisville home insurance rates by ZIP code
Home insurance rates can vary substantially depending on which ZIP code your home is located in, as homes in certain Louisville neighborhoods may be more prone to extreme weather damage or property crime than others.
To help you find out how much home insurance costs where you live, we calculated average home insurance rates by ZIP code in Louisville.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
40214 | $2,189 | -15% |
40216 | $2,183 | -15% |
40229 | $2,055 | -20% |
40291 | $1,969 | -23% |
40272 | $2,085 | -19% |
40219 | $2,130 | -17% |
40245 | $1,938 | -24% |
40220 | $1,958 | -24% |
40218 | $2,064 | -20% |
40241 | $1,907 | -26% |
Cheapest ZIP codes for home insurance in Louisville
With an average home insurance rate of $1,907 per year, the 40241 ZIP code is the most affordable area for home insurance in Louisville.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
40241 | $1,907 | -26% |
40223 | $1,908 | -26% |
40222 | $1,926 | -25% |
40245 | $1,938 | -24% |
40205 | $1,939 | -24% |
40220 | $1,958 | -24% |
40291 | $1,969 | -23% |
40206 | $2,008 | -22% |
40292 | $2,037 | -21% |
40204 | $2,048 | -20% |
Most expensive areas for homeowners insurance in Louisville
With an average annual premium of $2,262, the 40208 ZIP code is the most expensive ZIP code in Louisville for home insurance. If you live one of these ZIP codes, your rates might be among the highest in the city.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
40208 | $2,262 | -12% |
40211 | $2,241 | -13% |
40212 | $2,239 | -13% |
40203 | $2,222 | -13% |
40215 | $2,206 | -14% |
40210 | $2,199 | -14% |
40214 | $2,189 | -15% |
40216 | $2,183 | -15% |
40209 | $2,172 | -15% |
40202 | $2,164 | -16% |
Learn more >> Home insurance rates by ZIP code
Louisville home insurance costs by coverage amount
Along with your home's location, your homeowners insurance premiums are primarily based on how much dwelling coverage is in your policy. This is the centerpiece of your home insurance coverage, covering the cost to repair or rebuild your home after a covered disaster.
Here are the average rates for homeowners insurance based on coverage amount.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $1,198 |
$200,000 | $1,610 |
$300,000 | $2,086 |
$400,000 | $2,611 |
$500,000 | $3,175 |
Louisville home insurance costs by deductible amount
Your home insurance deductible is the amount you’re responsible for paying on each claim before insurance kicks in to help cover the cost of repairing or replacing your property. A higher deductible means lower insurance premiums, but it also means you're responsible for paying more out of pocket when you file a claim. Here are the average rates for homeowners coverage by deductible amount.
Deductible | Average annual cost |
|---|---|
$500 | $3,106 |
$1,000 | $1,900 |
$2,000 | $2,508 |
Cheapest homeowners insurance companies in Louisville
Based on our analysis, State Auto, Cincinnati Insurance, and Nationwide are the three cheapest home insurance companies in Louisville, with average premiums citywide ranging from $919 to $1,900 per year.
Company | Average annual cost |
|---|---|
$919 | |
$1,794 | |
$1,900 | |
Westfield Insurance | $1,930 |
$1,985 | |
$1,992 | |
$2,070 | |
$2,461 | |
$2,694 | |
$3,112 |
Cheapest home insurance in Louisville if you have poor credit
A bad credit score does more than just cost you a few dollars in late payment fees — it can also make your auto and home insurance rates thousands of dollars higher.
Here are the average rates for homeowners insurance for Louisville residents with poor credit.
Company | Average annual cost |
|---|---|
Cincinnati Insurance | $1,833 |
Nationwide | $2,660 |
Progressive | $2,668 |
Grange Insurance | $3,448 |
State Auto | $3,534 |
Westfield Insurance | $3,632 |
Allstate | $4,428 |
State Farm | $4,626 |
AAA | $4,983 |
Auto-Owners Insurance | $16,293 |
Cheapest home insurance in Louisville if you have an older home
Insurance carriers consider older homes to have a higher risk of damage or loss compared to newer homes since they're constructed with older and more difficult to replace materials. Additionally, certain structural components in older homes, like the roof or plumbing systems, may not be up to code. Here are the average homeowners insurance rates for Louisville residents with older homes.
Company | Average annual cost |
|---|---|
Westfield Insurance | $1,508 |
Cincinnati Insurance | $1,774 |
Auto-Owners Insurance | $1,953 |
Progressive | $2,051 |
Nationwide | $2,077 |
Grange Insurance | $2,465 |
AAA | $2,589 |
State Farm | $2,690 |
State Auto | $2,705 |
Allstate | $3,006 |
Cheapest homeowners insurance in Louisville if you have a history of claims
Claims history is one of the biggest factors that insurance companies use when calculating your home insurance premiums. If you have multiple claims on your record, your insurer will likely view you as a risk for filing future claims and may charge you higher rates as a result.
Here's the cheapest home insurance companies in Louisville for a homeowner with three claims within a five-year period on their record.
Company | Average annual cost |
|---|---|
Westfield Insurance | $1,715 |
Auto-Owners Insurance | $1,992 |
Progressive | $2,559 |
Grange Insurance | $2,996 |
State Farm | $3,070 |
Nationwide | $3,518 |
Cincinnati Insurance | $3,888 |
State Auto | $4,522 |
Allstate | $5,079 |
AAA | $7,458 |
Coverage options in Louisville
When buying homeowners insurance in Louisville, you should be aware of what your policy does and doesn’t cover. There are a few additional types of insurance you may need to consider getting to protect against the state’s flooding, wildfires, and tornadoes.
Flood insurance
Most homeowners insurance policies don’t cover flood damage, so Louisville residents in at-risk areas should consider flood insurance on top of their regular insurance policy.
In addition to comparing home insurance quotes, homeowners in Louisville can also compare private flood insurance rates with Policygenius, or choose a policy through a government entity like the National Flood Insurance Program.
Tornado insurance
Although homeowners insurance usually covers wind and tornado damage, be sure you have enough insurance to rebuild your home if it's destroyed in a tornado by adding replacement cost coverage to your policy.
It's possible that a company won't cover wind damage or may charge a separate deductible after a tornado damages your home. In this case, you could get a separate windstorm policy — or find another company that does cover wind damage.
Wildfire insurance
It's important for homeowners in Louisville to be prepared for stronger and more frequent wildfires. While most home insurance policies cover fire damage, consider adding replacement cost coverage to be sure you can fully rebuild your home after a fire.
You may have a hard time getting coverage if you live somewhere that's prone to wildfires. If this is the case, you could get coverage from a surplus lines carrier or take steps to lower your fire risk:
Creating a defensible space around your home by removing flammable vegetation
Tree pruning
Raking or removing any dead leaves or brush from your roof, gutter, or yard
Installing a fire-resistant “Class A” roof
Installing dual- or triple-paned windows
How to get homeowners insurance quotes 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. 5 steps to buying homeowners insurance in Louisville, KY:
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.
