Best Homeowners Insurance in Kentucky in 2022 | Bankrate
Best Homeowners Insurance in Kentucky in 2022 | Bankrate

Best Homeowners Insurance in Kentucky in 2022 | Bankrate

Kentucky residents will pay an average of $ 1,839 per year for $ 250,000 in dwelling coverage, which is 40 % higher than the U.S. average home plate agio of $ 1,312. Buying home indemnity in Kentucky may be a prudent move, considering that central Kentucky experiences some of the world ’ s most extreme weather conditions, according to an analysis by the National Weather Service. fortunately, homeowners in the Bluegrass State have entree to many of the nation ’ second best home insurance companies. In this article, Bankrate ’ s policy editorial team analyzed across-the-board data and found the top Kentucky home policy companies to be Allstate, Auto-Owners, Kentucky Farm Bureau, State Farm and USAA .

Best home insurance companies in Kentucky

To begin your search for the best kentucky homeowners indemnity, you may want to decide what features you want in a company. Are you looking for the lowest price, certain coverages, an in-person agentive role or policy features like a user-friendly mobile app ? once you determine what factors matter most to you, you can begin getting quotes. To determine the best home indemnity companies in Kentucky, Bankrate ’ mho team took a diversify overture. We consulted a third-party customer satisfaction survey from J.D. Power, along with third-party fiscal ratings from AM Best and Standard & Poor ’ south ( S & P ). We besides analyzed coverage options and the latest agio data from Quadrant Information Services.

Based on our research, the following five national and regional carriers may be a good place to start if you are searching for Kentucky home policy. *USAA does not qualify for official rank with J.D. Power due to eligibility restrictions


Although its average premium is the highest on our list and far above Kentucky ’ sulfur average, Allstate ’ second homeowners indemnity may be a dear paroxysm if you are looking for customizable coverage. The Illinois-based company offers numerous optional coverages, including water stand-in, scheduled personal property and electronic data convalescence. You may besides be able to lower your premium with one or more of Allstate ’ s numerous discounts. Allstate tied with State Farm for having the lowest J.D. Power customer satisfaction score on our number of best companies. It besides has the most expensive average premium by several hundred dollars. Allstate is financially stable and carries an A+ ( Superior ) fiscal force evaluation from AM Best. Learn more : Allstate Insurance reappraisal


Auto-Owners offers an average premium well below Kentucky ’ mho modal and there are several options for accessory coverage, including guaranteed family successor cost and equipment breakdown coverage. Auto-Owners earned the highest official customer service score from J.D. Power of the companies on our tilt, indicating that its policyholders are typically satisfy with its military service. however, the Michigan-based super-regional carrier wave lone sells coverage in 26 states. Auto-Owners carries an A++ ( Superior ) fiscal potency rat from AM Best, the highest evaluation available. Learn more : Auto-Owners Insurance inspection

Kentucky Farm Bureau

Becoming a member of Farm Bureau opens the door to purchasing the company ’ south indemnity products, ampere well as fiscal and investing planning services. Farm Bureau offers all the standard family policy coverages along with optional coverages to help you build the policy you need, like home day manage coverage and identity imposter protection. The caller ’ sulfur average premium is the second-priciest on our number. however, Kentucky Farm Bureau offers discounts at retailers such as Sherwin-Williams and Office Depot, which may be attractive to some customers. While Kentucky Farm Bureau is not rated by J.D. Power, the Louisville-headquartered company carries an A ( Excellent ) fiscal persuasiveness denounce from AM Best. Learn more : grow Bureau Insurance reappraisal

State Farm

If you like working with a local agent, State Farm could be a good choice. The company has agents across the Bluegrass State who may be more in tune with the needs of Kentucky homeowners since they live in the state themselves. State Farm focuses on damage prevention with its Ting partnership, which provides a free electrical system monitoring device to eligible policyholders. The device monitors your home ’ s wiring system and may be able to alert you to problems before they start a fire. State Farm has the third-priciest average premium on our number and merely offers a few discounts. The Illinois-based carrier is rated A++ ( Superior ) by AM Best. Learn more : state farm Insurance review

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Although it is not eligible for official rank with J.D. Power because it only sells coverage to active-duty and veteran military members and their contiguous families, USAA systematically receives exceeding customer gratification scores from its policyholders. If you are looking for a company with excellent service and you qualify for coverage, USAA could be a good fit. The ship’s company ’ second premium is the lowest on our list. USAA besides partners with ADT, which may save you money on an alarm system and on your indemnity premium. In addition to dwelling policy, USAA offers car, life, on-line bank and retirement design programs. The Texas-based carrier holds an A++ ( Superior ) fiscal forte evaluation from AM Best. Learn more : USAA Insurance review

How much is homeowners insurance in Kentucky?

In Kentucky, the average cost of homeowners insurance is $ 1,839 per year for $ 250,000 in dwelling coverage. In comparison, the national median is $ 1,312 per class. Kentucky homeowners, on average, wage over $ 500 more for home policy, due to the increased gamble of place wrong from natural disasters like tornadoes, convective storms, flooding and wildfires .

  • Kentucky city Average annual premium for $250K dwelling coverage
    Lexington, Kentucky $1,381
    Louisville, Kentucky $1,693

Kentucky has a higher median homeowners policy bounty compared with neighbor states. Indiana homeowners pay an average of $ 1,150 per year, while homeowners in Tennessee pay $ 1,625 annually, on median. Kentucky ’ mho premiums are higher ascribable to the state ’ south risk of weather-related property wrong, including wreathe damage caused by tornadoes and water damage caused by heavy rains .

Home insurance in Kentucky

Homeowners should consider Kentucky ’ s deviate weather conditions when searching for home policy. The upwind in the Bluegrass State can create dangerous conditions that can lead to property price. Following are respective of the common causes of property claims in Kentucky, american samoa well as home insurance coverages that you may want to consider to ensure you are financially protected from these potential hazards .

Common causes of loss in Kentucky

Kentucky is prone to extreme weather year-round, including heavy coke, ice, freezing temperatures, flood, tornadoes and even the impingement of hurricanes. These types of weather events can cause across-the-board damage to the inner and outside of homes. For model, in September 2008, Kentucky was one of many inland states hit by Hurricane Ike. And in September 2017, Hurricane Harvey tore through the Southeast and its remnants reached Kentucky, causing over 76,000 total storm claims that equated to more than $ 8.9 million in insure losses, according to the Insurance Information Institute ( Triple-I ). Although Kentucky is not a coastal country, it is prone to the effects of damaging winds and torrential rains from hurricanes that form in the Gulf of Mexico, arsenic good as early major storms which can cause far-flung property damage and catastrophic flood .

  • Severe winter weather: Kentucky is no stranger to heavy snow, freezing temperatures and ice storms in the winter months. These conditions can cause damage to your pipes, causing them to freeze and burst.
  • Flooding: Kentucky ranks in the top 15 states with the most rainfall, averaging over 46 inches a year. Heavy rain and melting snow can cause flooding, which can cause water damage. The state experienced several deadly flash flood events throughout 2021.
  • Tornadoes and hurricanes: According to an NBC News analysis, Kentucky ranks eighth in states with most natural disasters. Strong winds from tornadoes, hurricanes and summer thunderstorms can break windows, damage roofs and pull off your siding, which can lead to catastrophic damage inside your home as well.

Understanding the common types of claims in your area may help you choose coverages that are appropriate for your needs .

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Home insurance coverage options in Kentucky

If your home is damaged or destroyed by a brood queer, your policy ’ s luck indemnity is designed to cover it. other standard coverages such as personal property, liability and medical payments to others provide extra protection. however, with the common causes of loss from weather-related disasters in Kentucky, homeowners may want to consider purchasing extra coverage. These include :

  • Flood insurance: Flood damage is not covered under standard homeowners insurance policies, so you might want to purchase flood insurance as a separate policy. Most likely, your home insurer offers flood insurance underwritten through the federally-backed National Flood Insurance Program (NFIP). Several dozen private insurers also offer flood coverage, sometimes with higher limits and better rates than NFIP. Some carriers offer a flood insurance endorsement that can be added to your homeowners insurance policy. If you live in a federally designated flood zone or have a mortgage, you may be required to purchase flood insurance. As the Triple-I indicates, 90% of U.S. natural disasters involve flooding, so this additional coverage is worth considering.
  • Windstorm coverage: Kentucky homeowners insurance policies generally include windstorm damage as basic coverage and do not require you to carry a separate windstorm deductible for tropical cyclones like homeowners policies in coastal states.
  • Water backup coverage: If your home sustains damage due to water backing up in a sewer or drain line, this endorsement may help pay for the repairs. Water backups typically happen in basements or crawl spaces during heavy rains, but can happen from any blocked sewer or drain line.
  • Identity theft coverage: Although not a weather-related event, identity theft is becoming more common. Adding this endorsement could help you with the costs associated with restoring your stolen identity.

Frequently asked questions

Do I need homeowners insurance in Kentucky?

Homeowners policy is not legally required in Kentucky. however, if you have a mortgage, your lender will probably require you to carry it. Either way, having homeowners insurance is widely considered an important step in ensuring you and your class are financially protected from the gamble of catastrophic losses. Without it, you are responsible for paying out of pouch to repair or rebuild your home after a loss, which could be financially devastating .

What is the best homeowners insurance in Kentucky?

No single indemnity company in Kentucky is the best choice for everyone. Every company offers unlike coverages, unlike discounts and different rates, and each homeowner ’ s situation is singular. It is crucial to shop around to find the provider that can offer you a policy that best fits your needs at a price you can afford .

Does my homeowners insurance cover earthquakes?

damage caused by earthquakes is not typically covered by a criterion home insurance policy, but can much be added as an endorsement. Although you may not associate Kentucky with earthquakes, the western function of the state borders the New Madrid Fault Line. Adding earthquake coverage to your policy may bring you extra fiscal peace of take care .

How much is home insurance per month in Kentucky?

The average cost of dwelling policy per calendar month in Kentucky is $ 153. however, your premium will vary based on your individual circumstances and how much policy you need. Insurers use numerous evaluation factors to determine your premium, including substitution price of your home, adenine well as your credit-based policy score, claims history, the deductible you choose and proximity to a local fire station and fire hydrants.


Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean title history, commodity recognition and the pursuit coverage limits :

  • Coverage A, Dwelling: $250,000
  • Coverage B, Other Structures: $25,000
  • Coverage C, Personal Property: $125,000
  • Coverage D, Loss of Use: $50,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners besides have a $ 1,000 deductible and a separate wreathe and hail deductible ( if required ). These are sample rates and should be used for comparative purposes merely. Your quotes will differ .

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