Lexington Homeowners Insurance

The Zebra
Aug. 26, 2019

How to find cheap home insurance in Lexington


Home insurance is a hugely important part of owning a home. It covers your dwelling — and the personal property within it — against a variety of perils, including fire, theft, vandalism, or wind damage. Incidents like this occur regularly. When paired with the high cost of repairing or rebuilding a house, investing in a far-reaching homeowners policy can seem like a smart idea.

The price of a homeowners insurance policy is dependent on a number of factors. These include the following: dwelling value, value of your personal belongings, and the cost of the materials used to build your home. Location also plays a role in determining the price of your homeowners insurance policy. In areas prone to perils like hail, frozen pipes, volcanoes, or fire, home insurance policies may be more expensive to account for the extra risk. Discover more information about the specifics of home insurance coverage.

Finding the cheapest home insurance in Lexington starts with shopping around and comparing policies. Have a look at the summary below comparing average home insurance premiums in Lexington to begin your homeowners insurance search with as much information as possible. It's important to remember that the cost of your homeowners insurance is often based on the coverage limits you choose as well as a variety of other factors.


Lexington, Kentucky, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Homeowners insurance in Lexington by insurance company

Homeowners insurance rates in Lexington vary from one insurance company to another. AAA offers the most affordable home insurance in Lexington, at just $1,187 per year. This compares favorably to the city’s average homeowners premium of $1,433.

Begin your search for a home insurance policy by reviewing the cheapest companies in Lexington, Kentucky, listed below.


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN LEXINGTON
CompanyAverage Annual Rate
AAA$1,187
Allstate$1,240
State Farm$1,280
Liberty$1,385
Nationwide$1,418

Average homeowners insurance costs in Lexington by coverage level

The level of homeowners coverage you select has an impact on the insurance premiums you pay. In Lexington, carrying $200K dwelling coverage costs an average of $1,041, while carrying additional coverage up to $400K costs $1,815 per year.


HOMEOWNERS INSURANCE RATES IN LEXINGTON — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$1,041
$400K Dwelling$1,815

Speak with a homeowners insurance expert

Lexington home insurance prices by ZIP code

Not every area of Lexington has equal home insurance premiums. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, your home's location could have a huge impact in what you pay for homeowners coverage.

To find the most affordable homeowners coverage in Lexington, look no further than 40505. In the 40505 area, homeowners coverage usually costs just $1,418 per year — a full $15 less than the Lexington average. Find the best places to live in Lexington for cheap home insurance by looking at the table below.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN LEXINGTON
ZIP CodeAverage Annual Home Insurance Rate
40505$1,418
40511$1,422
40502$1,428

Other areas of Lexington, it should be noted, face homeowners rates that surpass the city average . These areas could be more prone to perils such as theft, severe weather, or fires that present more risk for insurance companies. The most expensive ZIP code for homeowners insurance in Lexington is 40503, where the average annual rate is $1,449.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN LEXINGTON
ZIP CodeAverage Annual Home Insurance Rate
40503$1,449
40514$1,445
40515$1,442

Looking for a money-saving tip for insurance in Lexington? Try bundling

If saving money is your main concern, it might be worth insuring your home and auto through the same insurance company. Bundling home and auto insurance can be a good money-saving option. In fact, bundling policies in Lexington leads to average annual savings of 11%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN LEXINGTON
CompanyAvg. Annual Auto Insurance Rate (Bundle)
Kentucky Farm Bureau$857
State Farm$1,125
GEICO$1,127
Liberty$1,426
Progressive$1,476

Bundling your homeowners and auto policies can be a great way to save some money on insurance. To speak with an insurance professional, reach out to us at 855-493-9728 today.


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