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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. 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:
  1. Rates by company
  2. Rates by coverage amount
  3. Rates by deductible amount
  4. Rates by city
  5. Bundling savings
  6. Frequently asked questions
  7. 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.

 
AFFORDABLE HOME INSURERS IN KENTUCKY
Insurance CompanyAverage 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 LevelAverage 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 TierAverage 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
CityAverage 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:

  1. Lexington
  2. Louisville

 

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$17510%
 

 

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.

Find an affordable homeowners policy in Kentucky today!

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Ross Martin
Ross MartinManager, Content Quality

As a licensed insurance agent, Ross researches and writes insurance content intended to help users make informed decisions.

Ross's background is in writing and education. He holds a master's degree from Royal Holloway, University of London.

Ross's work has been cited by The New York Times, Investopedia, The Simple DollarThe BalanceCar and Driver and Fox Business. He has been quoted by CNET, I Drive Safely and Kin Insurance

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.

  • The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.

  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.

  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.