The Best Homeowners Insurance Companies and Cheapest Quotes in Kentucky for 2021

Investing in a new home is an exciting time in a homeowner’s life that comes with many responsibilities. One of which includes finding the right home insurance to protect your home from financial difficulties and other external factors, such as weather or crime. MoneyGeek ranked the best Kentucky home insurance companies based on unique factors to provide you with a list of the top policies. Finding the right home insurance takes time and research. Using MoneyGeek’s analysis can help you identify the best and most affordable coverage options for you, whether you have poor credit, a pool or a high-value home.

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The 5 Best Homeowners Insurance Companies in Kentucky

While it’s desirable to look for cheap homeowners insurance policies in Kentucky, you should also consider other factors apart from price. This can help you get a policy for your unique requirements. When you compare providers, also consider their coverage features, quality of customer support and ability to pay claims.

To assist you in picking the best homeowners insurance in Kentucky, MoneyGeek ranked the top five providers and compared them using J.D. Power’s customer satisfaction scores, the company’s ability to pay claims based on AM Best’s financial stability rating and the prices of auto policies in the state.


1
USAA
Score:98

4.8/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability

More About USAA

USAA's homeowners insurance policies cover fire, theft, vandalism, most weather-related events, liability and identity theft. The plans are generally affordable, and you get top-notch customer service. You can save money by bundling policies and perform a lot of transactions with their mobile app.

2
Travelers
Score:93

5/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability

More About Travelers

Travelers presents standard coverage policies. You can add options like replacement and additional replacement cost, identity fraud, green home, water backup, valuable items plus and personal articles floater. This provider offers useful tools like a mobile app, rate calculator, online claim application and online bill payment.

Read MoneyGeek's Travelers home Insurance Review
3
Allstate
Score:92

4.9/5

Affordability

4.2/5

User Satisfaction

4.5/5

Financial Stability

More About Allstate

Allstate offers a number of technology features, including a household inventory tool, online claim application and bill payment, mobile app and rate calculator. Apart from the standard coverage, you can include options like identity theft, earthquake, sports equipment, extended coverage, scheduled personal property, water backup and reimbursement extended limits. Check if you qualify to receive any discounts that can reduce your premium.

Read MoneyGeek's Allstate home Insurance Review
4
State Farm
Score:88

4.4/5

Affordability

4.1/5

User Satisfaction

5/5

Financial Stability

More About State Farm

State Farm's coverage includes dwelling, replacement value, liability protection, medical payment and guest medical payments (up to $5,000 each), other structures and personal property. In Kentucky, you can benefit from coverage for energy efficiency upgrades and water backup. State Farm also presents an app and website you can use to make your claim, as well as an online quoting system.

Read MoneyGeek's State Farm home Insurance Review
5
Auto-Owners Insurance Co
Score:77

3/5

Affordability

4.5/5

User Satisfaction

5/5

Financial Stability

More About Auto-Owners Insurance Co

Apart from standard coverage, Auto-Owners Insurance offers several optional coverages, such as earthquakes, boats, food spoilage after power cuts, backup of sump pumps or sewers, personal computers, snowmobiles, jewelry, identity theft and more. If you want to save paper and use this provider's online services, you can qualify for a green insurance discount.

What Is the Average Cost of Homeowners Insurance in Kentucky?

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home insurance is equal to the average.

The average home insurance price in Kentucky for a dwelling coverage baseline amount of $100,000 is $1,120 per year. This average annual premium is 46.7% less than the national average of $2,103. Providers estimate homeowners insurance in Kentucky based on risks related to the policyholder. These may include property value, crime rate and exposure to different weather conditions and calamities.

Home Insurance Calculator: Estimate the Cost of Homeowners Insurance in Kentucky

Your homeowners insurance rates may come from area-related factors as well as your individual circumstances. Providers estimate homeowners insurance in Kentucky based on multiple elements, including a home’s age, dwelling value, roof quality, presence of a pool, deductibles and others.

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Home Insurance Calculator

State

Kentucky

Dwelling Coverage

$100,000

Deductible

$500

Liability

$300,000

Personal Property

$20,000

Credit Score

Excellent
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low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

The Cheapest Homeowners Insurance Quotes in Kentucky

Dwelling coverage is one of many factors that assist providers in estimating homeowners insurance in Kentucky. This part of a policy covers the costs of repairing a property if it gets damaged due to covered circumstances like fire, weather conditions and others. For the dwelling coverage baseline amount of $100,000, Travelers offers the cheapest option in Kentucky. This carrier’s average annual premium is $748, which is 33.2% less than the state average.

Cheapest Homeowners Insurance by Dwelling Coverage

Dwelling Coverage:

$100,000

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Best Cheap Homeowners Insurance Companies for Expensive Homes

For an expensive residential property, a cheap homeowners insurance policy in Kentucky may not be enough. For a $2 million house, homeowners with USAA may pay an average annual premium of $6,503, but since the company only serves current and former members of the military and their families, Travelers offers the second most affordable coverage in this state. Its average annual premium is around $8,653. Other companies’ policies can be more expensive. Therefore, you should compare home insurance quotes to save money.

Cheapest Homeowners Insurance Companies for High-Value Homes

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Best Homeowners Insurance Companies if You Have a Pool

A pool is a great addition to any property, but it can raise the cost of home insurance in Kentucky and other places. In this state, Allstate offers the most affordable option for a pool home with an average dwelling cost of $250,000. Its average annual rate is $1,356, which is almost $800 cheaper than the costliest provider, State Farm’s average yearly price of $2,121.

Cheapest Homeowners Insurance for Pool Home

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Cheapest Home Insurance in Kentucky if You Have Poor Credit

Your credit score is also a factor providers use to determine your homeowners insurance rates in Kentucky. You can maintain a good credit score by making timely debt payments. In Kentucky, Travelers offers the most affordable option for homeowners with poor credit. Its average annual premium for a dwelling coverage baseline amount of $100,000 is $1,270.

Cheapest Homeowners Insurance for Poor Credit

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How to Get Homeowners Insurance Quotes in Kentucky

To get adequate home insurance in Kentucky, you need to provide specific information to your provider so they can accurately compute your annual premium. Some required details are your home’s address, age, the materials it’s built with, its current condition and market value, location, distance to a fire department, etc. Plus, you need to discuss the scope and amount of insurance coverage you want. It’s a smart idea to compare customized quotes from several carriers to obtain the most suitable policy for your needs.

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Other Considerations for Homeowners Insurance in Kentucky

Carriers also consider the average home value, weather risks and crime statistics in your area when they calculate your annual home insurance premium. For example, Kentucky ranks 33rd in terms of crime. As per FBI statistics, there were 9,467 violent crimes and 87,695 property crimes in the state in 2018.

Kentucky ranks 46th for home value among all U.S. states and Washington D.C. with a typical property cost of $146,871. In some states, hazardous weather conditions can expose homes to considerable risk. You should prepare for emergencies and natural disasters by getting information on the frequency of their occurrences and getting proper coverage.

Methodology

MoneyGeek analyzed homeowners insurance premiums from 16 of the top insurance companies in Kentucky that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Kentucky. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $100,000, liability coverage of $100,000 and personal property coverage of $100,000.

About the Author


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The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay, and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers includes mortgage experts, veteran financial reporters, and award-winning journalists. Learn more about the MoneyGeek team.


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