Kentucky homeowners insurance: what you need to know
The average cost of home insurance in Kentucky is $2,053 per year or $171 per month. This is well above the national average. The easiest way to acquire affordable homeowners insurance in the state is to view prices from as many insurance companies as you can.
Unlike car insurance, homeowners insurance isn't priced based on state-level laws. That said, major gaps exist in homeowners insurance costs on a state-by-state basis. Policy rates in a given state vary based on the value of — and frequency of — home insurance claims filed statewide, and depend on the value of the belongings and dwelling you're insuring.
Learn more about home insurance rates in Kentucky via the below data.
Table of contents:
- Rates by company
- Rates by coverage amount
- Rates by deductible amount
- Rates by city
- Bundling savings
- Frequently asked questions
- Natural disaster coverage
The cheapest home insurance companies in Kentucky
Home insurance prices in Kentucky vary depending on the insurer you choose. Cincinnati Insurance offers the most affordable home insurance in Kentucky, at only $1,161 per year. This beats the state's mean rate of $2,053, offering an $892 price cut on the typical rates in the state.
Begin your search for affordable homeowners coverage by reviewing the most affordable Kentucky home insurance carriers, listed below. Then, check out our guide to the best home insurance companies based on the results of The Zebra's Customer Satisfaction Survey.
AFFORDABLE HOME INSURERS IN KENTUCKY
| Insurance Company | Average Annual Rate in Kentucky |
| Cincinnati Insurance | $1,161 |
| Liberty Mutual | $1,186 |
| Safeco | $1,721 |
| State Auto | $1,847 |
| USAA | $1,889 |
Kentucky home insurance prices by coverage levels
Your chosen level of homeowners coverage impacts the insurance premiums you pay . In Kentucky, carrying $100K dwelling coverage costs an average of $854 per year, while carrying additional coverage up to $400K costs $2,415/year.
POPULAR COVERAGE LIMITS IN KENTUCKY
| Coverage Level | Average Annual Cost |
| $100,000 Dwelling | $854 |
| $200,000 Dwelling | $1,441 |
| $250,000 Dwelling | $1,582 |
| $400,000 Dwelling | $2,415 |
Homeowners insurance deductibles in Kentucky
Kentucky homeowners have numerous choices to make when purchasing a home insurance policy, including how high or low to set their deductible. The deductible is the amount the insured is responsible for paying toward a covered loss. Where you set your deductible can play a large part in how much you pay for insurance.
A good rule of thumb is: the lower your deductible, the higher your premium will be. As such, if you want your insurance rates to stay low, aim for a higher deductible. It's worth mentioning that your deductible should only be as high as you can reasonably pay in the case of an actual loss.
Below are some common deductibles offered on most home policies along with corresponding average insurance premiums.
HOME INSURANCE PREMIUMS BY DEDUCTIBLE IN KENTUCKY
| Deductible Tier | Average Annual Homeowners Insurance Rate |
| $500 | $1,695 |
| $1,000 | $1,582 |
| $1,500 | $1,512 |
| $2,000 | $1,416 |
| $5,000 | $1,206 |
Kentucky homeowners insurance costs by city
Not all Kentucky cities have the same homeowners insurance rates. Rates are determined based on city-specific variables, such as the number of claims filed nearby, meaning your ZIP code could have a major impact on how much you pay.
The cheapest home insurance rates in Kentucky are in Fort Thomas. The average home insurance policy in Fort Thomas costs $1,382 every 12 months — $670 less than the statewide average. The below table shows the best places to live in Kentucky if you’re looking for cheap homeowners insurance.
CHEAPEST CITIES FOR HOMEOWNERS INSURANCE IN KENTUCKY
| City | Average 12-Month Home Insurance Rate |
| Fort Thomas | $1,382 |
| Independence | $1,430 |
| Florence | $1,431 |
| Lexington | $1,436 |
| Covington | $1,441 |
Seeking information on homeowners insurance in a specific city? Check out our breakdown of major Kentucky cities:
Home and auto insurance bundling in Kentucky
If you're trying to save on insurance, consider holding your car and homeowners policies with the same insurance company. A home and auto insurance bundle in Kentucky can save you a substantial sum each month on your auto insurance policy. Bundling home and auto policies in Kentucky leads to average annual savings of $175.
HOME AND AUTO BUNDLING DISCOUNTS IN KENTUCKY
|
Avg. Annual Rate (No Bundle) |
Avg. Annual Rate (w/ Bundle) |
Annual Savings ($) |
Annual Savings (%) |
| $1,854 | $1,679 | $175 | 10% |
Kentucky homeowners insurance FAQs
What is the tax rate on Kentucky homeowners insurance?
Kentucky has an insurance tax that impacts insurance companies. The amount varies based on your location.
Is home insurance required in Kentucky?
Although not required by Kentucky's state laws, home insurance is required by every mortgage or loan provider.
Natural disaster coverage in Kentucky
Does homeowners insurance cover flooding in Kentucky?
Flood damage — whether a byproduct of a downpour or a hurricane —is not covered by homeowners insurance policies. To insure your home against flood damage in Kentucky, acquire insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurer.
Flood insurance coverage from private companies may vary, but NFIP flood insurance covers:
- $250,000 for your home’s structure
- $100,000 for your personal property
If the value of your personal property and home exceeds these limits, consider purchasing a flood insurance policy from our partners at Neptune for additional protection of your Kentucky residence.
