Key Takeaways
- Cincinnati Insurance and Allstate offer the cheapest home insurance in Kentucky, with premiums that average $122 a month.
- State Farm has the best customer satisfaction scores among the state’s top home insurance providers.
- The average cost of home insurance in Kentucky is over $1,000 per year higher than the national average.
In this article
The cheapest home insurance providers in Kentucky
Cincinnati Insurance is the cheapest homeowners insurance provider in Kentucky. It charges $1,462 a year, on average, for a typical policy.
| Insurance company | Annual premium |
|---|---|
| Cincinnati Insurance | $1,462 |
| Allstate | $1,465 |
| State Farm | $2,014 |
| Travelers | $3,621 |
| Kentucky Farm Bureau | $4,020 |
| State Auto | $5,036 |
| State average | $2,936 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Allstate also offers cheap home insurance to Kentucky homeowners. Its average annual premium is $1,465 – just $3 a year more than Cincinnati’s average annual premium.
These are average premiums. What you pay for home insurance in Kentucky might be higher or lower than the amounts highlighted here. This is because insurance companies consider several factors when calculating a quote.
To find a policy that offers both your best price and coverage, compare home insurance quotes from several companies.
How much is home insurance in Kentucky?
The average cost of home insurance in Kentucky is $2,936 a year, or $245 a month.
This is 54% higher than the average cost of home insurance in the U.S., which is $1,903 a year, or $159 a month.
A number of factors go into what you pay for home insurance in Kentucky. Included among them are your ZIP code, the age of your home, the materials used to build your home and your insurance claim history.
The deductible and dwelling coverage amounts you choose also play a role in what you pay for home insurance. As the table below shows, choosing a lower deductible usually means a higher premium. Likewise, a higher deductible often leads to a lower premium.
| Deductible amount | Annual premium |
|---|---|
| $500 | $3,073 |
| $1,000 | $2,936 |
| $1,500 | $2,800 |
| $2,000 | $2,644 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
When it comes to dwelling coverage, though, a lower dwelling coverage amount usually means a lower premium, too.
| Dwelling coverage amount | Annual premium |
|---|---|
| $200,000 | $2,369 |
| $275,000 | $2,936 |
| $350,000 | $3,615 |
| $425,000 | $4,321 |
| $500,000 | $5,052 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
If you have a mortgage, your lender will likely require you to insure it for its replacement value. So, you won’t be able to choose a lower dwelling coverage amount even if you want to do so.
See how much you could save on home insurance
The best home insurance companies in Kentucky
Cincinnati Insurance, Allstate and State Farm are the best homeowners insurance companies in Kentucky, based on our survey of the state’s top providers.
Cincinnati Insurance: Best overall
Cincinnati Insurance charges the lowest average home insurance premium in the state at $1,462 a year. This is 50% lower than the state average premium.
It also has the best National Association of Insurance Commissioners (NAIC) Complaint Index rating of the companies we surveyed.
The NAIC Complaint Index compares insurance companies by confirmed complaints. A company with a 2.0 Complaint Index rating has twice as many confirmed complaints as expected for its size. A 0.5 rating reflects half as many as expected. Cincinnati Insurance’s NAIC Complaint Index rating is a low 0.06.
Allstate: Runner-up for low rates
Allstate’s average home insurance premium is nearly as cheap as Cincinnati Insurance’s at $1,465 a year. Given the difference is just $3 a year, you may find Allstate to be your best option, depending on various factors.
In addition to its affordable premiums, Allstate earned an impressive score of 815 from the J.D. Power 2022 U.S. Home Insurance Study. This study examines customer satisfaction in the home insurance segment. Scores are based on customer surveys that rate home insurers on interaction, policy offerings, price, billing process, policy information and claims. Higher scores are better than lower ones.
Allstate’s also known for offering a wide array of home insurance coverages, including homesharing insurance, and numerous discounts that can save you money.
State Farm: Best for customer satisfaction
State Farm received the best customer satisfaction score of 829 from J.D. Power out of all the insurers we surveyed in Kentucky. It also has a good NAIC Complaint Index rating of 0.35.
At an average of $2,014 a year, State Farm’s premiums aren’t as cheap as those offered by Cincinnati Insurance or Allstate, but they’re still well below the state average of $2,936.
State Farm offers a good selection of coverage options and discounts, too, which could make up for its slightly higher premiums.
Customer service ratings for Kentucky home insurance companies
State Farm and Cincinnati Insurance have the best customer satisfaction and service scores of Kentucky’s top home insurance companies.
| Insurance company | Overall satisfaction score |
|---|---|
| Allstate | 815 |
| Cincinnati Insurance | Not included |
| Kentucky Farm Bureau | Not included |
| State Auto | Not included |
| State Farm | 829 |
| Travelers | 794 |
| Source: J.D. Power 2022 U.S. Home Insurance Study. | |
| Insurance company | Complaint Index rating |
|---|---|
| Allstate | 0.52 |
| Cincinnati Insurance | 0.06 |
| Kentucky Farm Bureau | 0.23 |
| State Auto | 0.57 |
| State Farm | 0.35 |
| Travelers | 0.31 |
| Source: National Association of Insurance Commissioners (2022 data) | |
How much does home insurance cost in Kentucky by city?
Homeowners in Georgetown pay the lowest average home insurance premiums among Kentucky’s biggest cities at $2,147 a year. Paid monthly, the average premium is $179.
| City | Annual premium |
|---|---|
| Louisville | $2,700 |
| Lexington | $2,259 |
| Bowling Green | $2,808 |
| Owensboro | $2,578 |
| Covington | $2,239 |
| Georgetown | $2,147 |
| Richmond | $2,345 |
| Florence | $2,209 |
| Nicholasville | $2,477 |
| Elizabethtown | $2,577 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance companies in Louisville
Cincinnati Insurance is your cheapest home insurance option in Louisville, Kentucky. It charges an average $120 a month for a standard policy.
Allstate is nearly as cheap, though, thanks to its average monthly premium of $121.
| Insurance company | Annual premium |
|---|---|
| Cincinnati Insurance | $1,442 |
| Allstate | $1,454 |
| State Farm | $1,762 |
| Travelers | $2,149 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance companies in Lexington
Cincinnati Insurance offers the cheapest home insurance in Lexington, too, at $97 a month, on average.
Once again, Allstate also is a good option here. Its average premium is just $2 a month more than Cincinnati’s – $99 a month.
| Insurance company | Annual premium |
|---|---|
| Cincinnati Insurance | $1,167 |
| Allstate | $1,190 |
| State Farm | $1,478 |
| Travelers | $1,622 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance companies in Bowling Green
Go to Allstate if you want affordable home insurance in Bowling Green. It charges $128 a month, on average. Get a quote from Cincinnati Insurance, too, though, as its average is $130 a month.
| Insurance company | Annual premium |
|---|---|
| Allstate | $1,536 |
| Cincinnati Insurance | $1,559 |
| State Farm | $2,057 |
| Travelers | $2,720 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Get cheap home insurance no matter where you live in Kentucky
How much does home insurance cost in Kentucky by county?
Of Kentucky’s 10 largest counties, homeowners in Campbell County pay the cheapest average home insurance premium of $2,186 a year, or $182 a month.
| County | Annual premium |
|---|---|
| Jefferson | $2,696 |
| Fayette | $2,264 |
| Kenton | $2,270 |
| Warren | $2,844 |
| Boone | $2,246 |
| Hardin | $2,738 |
| Daviess | $2,715 |
| Madison | $2,413 |
| Campbell | $2,186 |
| Bullitt | $2,795 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Home insurance risks in Kentucky
Kentucky homes and homeowners face numerous weather perils – including tornadoes, severe thunderstorms and hail – throughout the year. They’re at risk of other natural disasters, too, like floods, earthquakes and underground mine collapse.
This is important to know, as all of these disasters play a major role in what you pay for home insurance. Also, while standard home insurance covers damage caused by tornadoes, thunderstorms and hail, you usually need separate coverage for damage caused by floods, earthquakes or mine collapses.
Flood insurance in Kentucky
You can buy flood insurance in Kentucky through the government-backed National Flood Insurance Program (NFIP) or from some private companies.
The average cost of NFIP flood insurance in Kentucky is $1,191 a year, or $99 a month.
Do you have to get flood insurance if you own a home in Kentucky? If you have a mortgage and you live in a high-risk flood zone, you’ll probably need to buy it. You can buy it even if it’s not required, though, and you should seriously consider it if your home is in a moderate- or high-risk flood zone.
To find your home’s flood risk, or the flood risk of a home you want to buy, check out the Flood Map Service Center on the Federal Emergency Management Agency (FEMA) website. Any zone beginning with the letter A or V is high risk.
Home insurance for earthquakes and underground mine collapse
Home insurance usually doesn’t cover damage caused by earth movements, such as earthquakes or underground mine collapse (also known as mine subsidence). That said, Kentucky law requires home insurance companies to offer coverage for both of these situations.
For example, homeowners insurance companies in Kentucky must offer earthquake coverage as an endorsement to your policy. Some companies also offer earthquake insurance as a standalone policy.
In 37 of the counties located in Kentucky’s coal regions, homeowners insurance includes a mine-subsidence endorsement. You can waive the coverage, though, if you don’t want it. The endorsement provides up to $300,000 to repair damage caused by underground mine collapse. It also provides $25,000 for additional living expenses if the collapse leaves your home uninhabitable.
Mine subsidence occurs when underground voids created by mining operations collapse under the weight of the soils above them.
Frequently asked questions
Home insurance costs $245 a month in Kentucky, on average.
This is for a policy with $275,000 in dwelling coverage and a $1,000 deductible. If you choose different amounts, your premium may be higher or lower.
Cincinnati Insurance and Allstate have the cheapest home insurance rates in Kentucky. Both charge $122 a month, on average.
Kentucky law does not require homeowners to buy insurance. Most lenders do require home insurance, though, so if you have a mortgage, you’ll likely need to get it.
Methodology
We collected quotes from every ZIP code in Kentucky for a standard HO-3 homeowners insurance policy using the following coverages:
- $275,000 dwelling (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
QuoteWizard.com LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it is free of inaccuracies, errors, or omissions. All content and services provided on or through this site are provided "as is" and "as available" for use. QuoteWizard.com LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site. You expressly agree that your use of this site is at your sole risk.