Find the Best Homeowners Insurance Rates & Companies in Kentucky
If you are in the market for homeowners insurance in Kentucky, you may be wondering how to find a suitable policy at a competitive rate.
Comparison shopping enables you to compare coverages and quotes so you can select the policy that offers the most value for your money. Independent agents can save you time and money by doing the comparison shopping legwork for you. Contact an independent insurance agent near you to begin your search for the best homeowners insurance in Kentucky.
The Best Homeowners Insurance Companies in Kentucky
When it comes to homeowners insurance, there is no particular company that is best for everyone. The trick is to find the company that is best for you. That is why independent insurance agents work with a variety of the area’s most highly rated insurance providers, including companies like:
- Progressive: The convenience of state-of-the-art online services and an award-winning mobile app make this insurance company a top choice for Kentucky residents.
- Travelers Insurance: Since 1963, Travelers has been providing its customers with reliable coverage through its full line of insurance products.
- Foremost: Foremost has coverage options that many other insurance providers may not offer. Enjoy A Better Insurance Experience® when you work with Foremost.
- Central Insurance Companies: Central has provided security, protection, and peace of mind to its policyholders since 1876.
- Stillwater Insurance Group: Talk to an agent to discover why 90% of Stillwater’s customers would recommend this insurer to their friends and family.
- Westfield: Westfield’s policyholders enjoy fast, accurate service and can rest assured that they will receive what they deserve when filing claims.
- PURE: PURE is a member-owned insurer that provides home insurance policies exclusively for high-net-worth individuals who own homes valued at $1 million or more.
Begin your search for the best homeowners insurance company in Kentucky by talking to a local independent insurance agent. Your agent can help you determine whether one of the companies listed above or any other insurance provider is the right choice for you.
What Homeowners Insurance in Kentucky Can Cover
If you own a house in the Bluegrass State, you can protect the investment you have made in it by purchasing a good home insurance policy. Kentucky home insurance can cover financial losses associated with the following:
- Property loss or damage: If your house or property is damaged by a covered hazard like a fire, storm, tornado, or property crime, you can receive compensation.
- Displacement: If damage from a covered event leaves your home unsafe for occupation until repairs are made, your policy can cover your extra living expenses.
- Costs related to liability lawsuits: If you or a member of your household faces a personal liability lawsuit, your policy can cover legal fees, court costs, mediation costs, and damages.
Local independent insurance agents can help you be sure that you are buying sufficient coverage in each category.
What Homeowners Insurance in Kentucky Does Not Cover
Homeowners insurance offers a wide range of coverage, but it does not pay for every type of damage you may encounter. You should not expect your policy to cover things like:
- Property that is damaged due to normal wear and tear
- Damage caused by termites, insects, rodents, or other pests
- Rust, rot, and mold
- Damage caused by floods
- Damage caused by mine subsidence
Also, you can expect your policy to provide only limited coverage for things like:
- Business equipment kept in your home
- Fine art, valuable collections, heirlooms, and expensive jewelry
- Boats, personal watercraft, ATVs, and other recreational vehicles
To be fully covered, you can buy supplemental policies or special home insurance policy endorsements. An independent insurance agent can help you find the best and most affordable products to cover all your property.
What Homeowners Should Know about Flood Damage in Kentucky
As mentioned above, home insurance policies do not cover damage caused by floods. Unfortunately, more than 255,000 properties in Kentucky have a significant risk of sustaining flood damage over the next thirty years.
If your house is among the properties at risk, you can supplement your homeowners insurance with flood insurance. Affordable policies are available through the National Flood Insurance Program in NFIP-participating communities.
If your house is in a designated flood zone and you still owe on a mortgage or home equity loan, your lender will require you to carry flood insurance. Otherwise, this coverage is optional. When deciding whether to purchase a policy, consider that the average compensation per flood claim in Kentucky is $17,300.
Average Cost of Homeowners Insurance in Kentucky
While homeowners in the US pay an average of $1,211 a year for home insurance, the average cost of homeowners insurance in Kentucky is lower at $1,109 a year. This is welcome news for property owners in this state.
Of course, this is just an average rate. Your actual costs may be significantly higher or lower than this amount. Insurance companies base their costs on factors like your home’s size, age, and value; the crime rate in your neighborhood; your insurance claims history; and the amount of coverage you wish to purchase.
You can talk to a local independent insurance agent to find out how much it will cost to cover your house with a suitable homeowners insurance policy. These agents can present you with a variety of customized quotes from some of the best homeowners insurance companies in Kentucky.
How well do Kentucky's cities measure up to the national average?
National average burglary rate 3.76 per 1,000 people
National average home value $269,000
National average home insurance cost $1,428 year
| City | Annual insurance cost | Avg. home value | Burglaries / 1,000 Residents |
| Benton | $855 | $125,062 | 2.99 |
| Bowling Green | $1,119 | $145,800 | 5.87 |
| Central City | $744 | $74,306 | 0.85 |
| Covington | $842 | $103,145 | 7.2 |
| Elizabethtown | $1,118 | $180,680 | 3.59 |
| Frankfort | $1,091 | $135,923 | 9.17 |
| Henderson | $904 | $113,018 | 5.92 |
| Hopkinsville | $924 | $119,109 | 6.27 |
| Hurstbourne | $1,621 | $402,016 | 0.39 |
| Jamestown | $768 | $85,167 | 0.55 |
| Jeffersontown | $1,047 | $178,484 | 3.41 |
| Lebanon | $782 | $98,931 | 5.08 |
| Lexington | $1,169 | $181,200 | 7.72 |
| Louisville | $1,100 | $133,656 | 13.56 |
| Mayfield | $779 | $91,404 | 7.44 |
| Maysville | $960 | $120,223 | 6.04 |
| Mount Sterling | $866 | $127,858 | 5.09 |
| Owensboro | $1,001 | $123,777 | 8.19 |
| Paducah | $912 | $117,137 | 6.04 |
| Prospect | $1,591 | $398,494 | 0.41 |
| Richmond | $1,137 | $144,064 | 7.33 |
| Scottsville | $789 | $99,469 | 6.3 |
| Springfield | $890 | $107,426 | 1.29 |
Popular Questions about Kentucky Home Insurance
The average home insurance cost in Kentucky is $92 a month. This figure comes in slightly lower than the national average of $101 a month. You will need to obtain a customized homeowners insurance quote to find out how much premiums will cost for your house.
In Kentucky, the law does not govern your homeowners insurance coverage. However, if you have a mortgage or have taken out a home equity loan or line of credit, your lender will require you to maintain insurance coverage for the duration of your loan. Kentucky residents received $549.23 million in homeowners insurance claims in one recent year alone, showing that having the proper coverage can protect you from financial ruin.
In Kentucky, you can purchase homeowners insurance coverage through your choice of several top-rated carriers. Some of the best insurance companies in Kentucky include Progressive, Travelers, Foremost, Encova, and PURE. Independent insurance agents have relationships with multiple insurance providers. They can help you determine whether one of these or any other insurer offers the coverage you want at the most competitive price.
Insurance providers in Kentucky consider several factors when calculating your homeowners insurance costs. These may include:
- The age, size, and rebuild value of your home
- The amount of coverage you wish to purchase
- Your insurance claims history
- Historical disasters in the vicinity of your home
- Local crime rates
Because every insurance company calculates rates using a different formula, it pays to compare a few customized home insurance quotes in Kentucky before you make a selection. Independent agents make this easy.
In Kentucky, your home insurance policy provides coverage against hazards like fire, theft, vandalism, and severe weather. Coverage limits are split among the following:
- Dwelling coverage
- Other structures coverage
- Personal property coverage
- Personal liability coverage
- Medical payments coverage
- Additional living expenses
An independent insurance agent can help you determine how high your coverage limits should be in each category.
Yes. There are more than 330 independent insurance agencies located throughout the state. Independent agents can shop for home insurance through multiple top-rated carriers so that you get the coverage you want at the lowest offered rate.
Do you know what your home insurance covers in Kentucky?
Average Cost of Home Insurance Near You
The average monthly cost of homeowners insurance in Benton, KY is $71.
Your actual home insurance premiums could be significantly more or less than this average. It depends on several variables, like the size and age of your house, the crime rate in your ZIP Code, and your credit score. Comparing rates enables you to be sure you are getting your coverage at the best price.
Your Benton homeowners insurance can cover you against many different hazards that can otherwise cause you to face large financial losses. These include damage related to severe weather, liability lawsuits if someone is injured on your property, and weather-related damage. Fortunately for residents of Benton, KY, the burglary rate here is low, but if you are the victim of a property crime, you can turn to your home insurance for compensation for your losses.
The average monthly cost of homeowners insurance in Bowling Green, KY is $93.
Your actual cost could be notably more or less, depending on a variety of factors that insurance companies use to determine appropriate costs. These include the size and age of your home, the amount of coverage you wish to purchase, the crime rate in your ZIP Code, previous claims, and even, at times, your credit score.
In Bowling Green, KY, homeowners insurance can provide coverage against a variety of hazards, many of which may be unexpected. If you have a burst pipe or a leaking appliance, water damage to your home can quickly become a major issue. If you discover soggy floors or huge puddles of water in your home, you can file a claim. As long as the damage is not flood-related, your insurance policy can help pay to clean up the mess and make home repairs.
The average monthly cost of homeowners insurance in Central City, KY is $62.
Of course, rates can vary significantly from one homeowner to the next, so you can expect your quoted costs to be higher or lower than this average. Rates will be determined using several factors such as the type of house you live in, the home's size and age, your credit score, your previous claims, and several other factors.
Central City homeowners insurance can protect you from facing large financial losses if you fall victim to some of the common hazards faced by homeowners. These include liability lawsuits, property crimes, residential fires, and severe weather. Summer storms in Central City, KY are sometimes intense, bringing frequent lightning and occasional hail. If a hailstorm damages your home, you can file a claim with your homeowners insurance and get the money you need to make repairs quickly.
The average monthly cost of homeowners insurance in Covington, KY is $70.
Your premium might be significantly higher or lower than the average depending on your specific situation. Insurance companies use several factors to determine rates. These include the age, size, and value of your home, whether you present any special liability concerns such as a dangerous breed of dog or a swimming pool, and even your credit score. Comparing rates allows you to find the best price for your policy.
In Covington, KY, homeowners insurance can provide coverage against a number of different hazards. These include weather-related damage, property crimes, liability lawsuits, and residential fires. Whether your home is destroyed by a wildfire or an electrical fire, the devastation is the same. Fortunately, home insurance gives you a backup plan and can cover your costs to repair or rebuild after a fire.
The average monthly cost of homeowners insurance in Hopkinsville, KY is $77.
Of course, insurance prices can vary significantly from one homeowner to the next. Your actual premium might be higher or lower, depending on a number of factors such as the crime rate in your ZIP Code, the size, age, and structure of your home, the amount of coverage you wish to purchase, and sometimes even your credit score.
Hopkinsville homeowners insurance can cover you against a variety of hazards including liability lawsuits, property crimes, and severe weather. If lightning strikes your home, it can cause serious damage. Summer storms in Hopkinsville, KY can be intense, and if your home sustains damage or catches fire because of lightning, you'll need a reliable home insurance plan to cover the cost of repairs.
The average monthly cost of homeowners insurance in Jeffersontown, KY is $87.
Every homeowner will pay a customized rate for their home insurance coverage, so there is often a large variance from one resident to the next. Insurance companies calculate your cost based on a variety of factors like your home’s location, square footage, and age. They may also consider factors such as the number of people who live in the home and your credit score. Compare rates from multiple carriers to be sure you are getting your coverage at a competitive rate.
In Jeffersontown, KY, homeowners insurance protects policyholders from having to face large financial losses in the wake of a covered event. It can cover things like severe weather, accidental fires, property crimes, liability lawsuits, and other hazards. A burst pipe can quickly turn into a major catastrophe for your home. As water spills out everywhere, the damage to your floors can be severe. If the pipe is upstairs, water can drip down and damage the lower level too. Luckily, home insurance covers non-flood-related water damage and can pay for repairs if this happens to you.
The average monthly cost of homeowners insurance in Lexington, KY is $97.
Your actual home insurance cost could be less or more, based on variables like your home's size, age, and building materials, as well as your credit score and claims history. Comparing rates from a few different insurers enables you to be sure you are getting a suitable policy at a great price.
Lexington, KY homeowners insurance can cover a variety of hazards such as property crimes, liability lawsuits, residential fires, and weather-related damage. Storms that bring high winds in Lexington are no joke and can do serious damage to local homes. If the wind blows a tree onto your house, it can be a scary experience, but your homeowners insurance can step in to cover the cost of repairs.
The average monthly cost of homeowners insurance in Louisville, KY is $92.
Your actual home insurance cost will be determined by unique factors like the size and structure of your house, the crime rate in your ZIP Code, the amount of coverage you are purchasing, and even your credit score. Your quoted rates could therefore be considerably higher or lower than this average.
Most people never stop to think about burglaries until it's too late. In Louisville, KY, theft is a serious concern, and homeowners should take precautions by locking their doors and installing security systems. If your home does get targeted by burglars, you can file a claim with your home insurance provider and replace any stolen valuables and make repairs to any damage left after the break-in.
The average monthly cost of homeowners insurance in Mount Sterling, KY is $72.
Several different factors will influence how your actual rates are calculated. These include the age, size, and value of your home, your credit score, and your insurance claims history. You can therefore expect your quoted rate to be higher or lower than this average.
Mount Sterling home insurance is designed to cover hazards such as liability, property crime, accidental fires, and weather-related damage. Occasional high winds sweep through the Mount Sterling, KY area, damaging roofs and causing trees to fall on local homes. If wind damage is a problem for your home, you can file a claim with your home insurance provider and receive compensation to make repairs.
The average monthly cost of homeowners insurance in Owensboro, KY is $83.
Your actual premiums could be considerably higher or lower than this amount. That is because insurance companies calculate rates according to such factors as the size of your house, your house's building materials, the amount of coverage you are purchasing, and even sometimes your credit score.
Your Owensboro homeowners insurance can cover you against many of the hazards you face as a homeowner in this city. This includes loss or damage caused by property crimes, accidental fires, liability lawsuits, and severe weather. Tornadoes are a serious threat in this state, and Owensboro, KY residents are not immune. If your home is damaged or destroyed by a tornado, you may gain some peace of mind from knowing that your home insurance plan can cover the cost of repairs.