Kentucky Renters Insurance

Learn more about renters insurance in Kentucky.

Get Renters Insurance

How to get affordable renters insurance in Kentucky

Renters insurance is an optional — but important — product that works to keep your belongings safe in the event your rental property suffers damage from common incidents. A renters policy covers personal items in the event of fire, smoke damage, a wind storm, theft, vandalism and a number of other mishaps.

Unlike auto insurance, renters policies aren’t priced based on state-level legislation. Even still, there are relatively large variations in renters insurance prices by state. Policy costs in states vary depending on the frequency and value of renters policy claims filed in the state, and depend on the price of the belongings you're insuring.

Renters insurance in Kentucky is more expensive than the national average. The average annual cost of renters insurance in Kentucky is $186, $1 more expensive than the average across the nation.

The best way to find an affordable renters insurance policy in Kentucky is to view prices from a variety of insurance companies. Find out renters insurance rates in Kentucky via the below breakdown. Remember: your rates will vary, depending on your coverage limits and the valuation of your belongings.

 
Jump to:
  1. Rates by company
  2. Rates by city
  3. Rates by coverage level
  4. Bundling discounts
  5. Frequently asked questions
 

Renters insurance prices in Kentucky by company

Rates for renters insurance in Kentucky can vary depending on which insurance company you select. Cincinnati Insurance offers the most affordable renters insurance policies in Kentucky — only $108 yearly. This compares favorably to the state average cost of $186, providing a 42% price cut on average statewide renters insurance costs.

Start shopping for affordable coverage by reviewing the cheapest Kentucky carriers, listed below.

 
AFFORDABLE RENTERS INSURANCE COMPANIES IN KENTUCKY
InsurerAverage Annual Rate in Kentucky
Cincinnati Insurance$108
State Auto$136
State Farm$138
Travelers$149
Safeco$154
 

Kentucky renters insurance costs by city

Not all Kentucky cities have the same renters insurance rates. Rates depend on city-specific variables like the number of local claims filed, lending your ZIP code plenty of weight in deciding how much you pay.

The best renters insurance in Kentucky is found in Covington. The average renters insurance policy in Covington costs $173 per year — $13 less than the state average. The below table shows the best places to live in Kentucky if you’re looking for cheap renters insurance.

 
CHEAPEST CITIES FOR RENTERS INSURANCE IN KENTUCKY
CityAverage Yearly Renters Insurance Rate
Covington$173
Florence$173
Independence$173
Fort Thomas$176
Lexington$181
 

Looking for info on renters insurance for a particular city? Have a look at our breakdown of the most populous metropolitan areas in Kentucky.

  1. Lexington
  2. Louisville
 

Renters insurance in KY by coverage tier

The cost of your renters insurance depends on the amount of coverage you opt to carry. Two of the most common levels of renters insurance coverage are $25,000 and $50,000. In Kentucky, the difference in annual premium between these two tiers is about $76. If you can afford to insure your personal property at this additional expense, it's worth considering.

Coverage LevelAverage Yearly Renters Insurance Rate in Kentucky
$25K Property$148
$50K Property$224
 

Tip: bundle auto and renters insurance in Kentucky

If you're trying to save on insurance, consider buying your renters and auto policies from the same insurance company. A renters and car insurance bundle in Kentucky can save you a substantial sum each month on your auto insurance policy. Bundling policies in Kentucky leads to an a yearly discount of $103.

 
CAR AND RENTERS BUNDLING DISCOUNTS IN KENTUCKY
Avg. Annual Rate (No Bundle)Avg. Annual Rate (w/ Bundle)Annual Savings ($)Annual Savings (%)
$1,898$1,796$1036%
 

Kentucky renters insurance FAQs

 

Is renters insurance required in Kentucky?

Not by state law. However, many landlords will require you carry renters insurance to protect their property.

What does Kentucky renters insurance cover?

A basic renters insurance policy in Kentucky will cover your property, your liability, medical payments, and additional living expenses.


Need renters insurance? Talk to an expert today.
Ross Martin
Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to insurance. He has a background in writing and education, as well as a master's degree from Royal Holloway, University of London. He has been quoted by CNET, iDriveSafely.com and Kin Insurance.