Louisville Homeowners Insurance

The Zebra
Aug. 26, 2019

How to find cheap homeowners insurance in Louisville


Home insurance should be a critical consideration for every homeowner. Home insurance policies provide coverage against fire, wind damage, and theft for your home and the contents inside it. Given the relatively frequent occurrence of these incidents and the sizeable cost of replacing a home, homeowners coverage is a solid investment.

The cost of homeowners insurance coverage depends on many factors. This can include the overall value of your house, the value of your personal belongings, and the materials that were used when building your home. Location also plays a role in determining the price of your homeowners insurance policy. In areas prone to perils likefrozen pipes, hail, windstorms, or wildfires, home insurance policies may be more expensive to account for the extra risk. Discover more about what is covered by a homeowners insurance policy.

Finding cheap home insurance in Louisville starts with shopping around and comparing policies. Have a look at the summary below comparing average Louisville homeowners insurance costs to ensure you start your search with as much background info as possible. One thing to note is that the yearly cost of homeowners coverage is determined based on your chosen coverage limits as well as a number of other rating factors.


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

Home insurance in Louisville by insurance company

Homeowners insurance rates in Louisville vary from one insurance company to another. The most inexpensive home insurance in Louisville comes from Nationwide, which offers average annual rates of just $1,388 per year. This is more favorable than the city’s average home insurance premium of $1,751.

To get started with your homeowners insurance policy search, take a look at this list of the cheapest companies in Louisville, Kentucky.


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN LOUISVILLE
CompanyAverage Annual Rate
Nationwide$1,388
Allstate$1,404
AAA$1,558
Liberty$1,591
USAA$1,777

Average homeowners insurance costs in Louisville by coverage level

How much you spend on home insurance coverage is greatly affected by the level of coverage you choose. In Louisville, carrying $200K dwelling coverage costs an average of $1,291, while carrying additional coverage up to $400K costs $2,249/year.


HOMEOWNERS INSURANCE RATES IN LOUISVILLE — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$1,291
$400K Dwelling$2,249

Speak with a homeowners insurance expert

Louisville home insurance rates by ZIP code

Depending on which part of Louisville you live in, you might see a big difference in your home insurance costs. One of the factors that insurers use when pricing your policy is the number of claims filed in your surrounding area. As such, the location of your house can dramatically affect your home insurance premium.

To find the cheapest home insurance premiums in Louisville, look no further than 40218. In the 40218 area, homeowners coverage usually costs just $1,707 per year — a full $44 less than the Louisville average. Find the best places to live in Louisville for cheap home insurance by looking at the table below.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN LOUISVILLE
ZIP CodeAverage Annual Home Insurance Rate
40218$1,707
40220$1,709
40272$1,713

Other areas of Louisville, it should be noted, face homeowners rates that surpass the city average . Fire risks, crime rates, and even your proximity to emergency services could lead insurance companies to see certain neighborhoods as higher risk, which could drive up area rates. An average annual rate of $1,823 makes 40209 the most expensive ZIP code in Louisville for home insurance.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN LOUISVILLE
ZIP CodeAverage Annual Home Insurance Rate
40209$1,823
40208$1,806
40204$1,798

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

To save a little money, you might consider bundling your homeowners and auto insurance policies through the same company. Bundling homeowners and auto insurance can be a good money-saving option. In fact, bundling policies in Louisville leads to average annual savings of 11%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN LOUISVILLE
CompanyAvg. Annual Auto Insurance Rate (Bundle)
Kentucky Farm Bureau$1,159
State Farm$1,634
GEICO$1,736
Liberty$1,758
Progressive$2,248

Bundling your homeowners and auto policies can be a great way to save some money on insurance. Call 855-493-9728 to speak with an insurance expert today.


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