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Luke Smith
Luke SmithFounder

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

USAAScore: 98

4.8/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability


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

TravelersScore: 93

5/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability


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

AllstateScore: 92

4.9/5

Affordability

4.2/5

User Satisfaction

4.5/5

Financial Stability


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 FarmScore: 88

4.4/5

Affordability

4.1/5

User Satisfaction

5/5

Financial Stability


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 CoScore: 77

3/5

Affordability

4.5/5

User Satisfaction

5/5

Financial Stability


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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$0

home insurance is 0.0% more than 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.

moneygeek-logo

Home Insurance Calculator

State

Kentucky

Dwelling Coverage

$100,000

Deductible

$500

Liability

$300,000

Personal Property

$150,000

Credit Score

Excellent
moneygeek-logo

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
Company
Amountper year
1. Travelers
In 2020, Travelers ranked #1 for the cheapest homeowners insurance with $100,000 in dwelling coverage in Kentucky.
$748
2. Allstate
In 2020, Allstate ranked #2 for the cheapest homeowners insurance with $100,000 in dwelling coverage in Kentucky.
$814
3. USAA
In 2020, USAA ranked #3 for the cheapest homeowners insurance with $100,000 in dwelling coverage in Kentucky.
$868
4. State Farm
In 2020, State Farm ranked #4 for the cheapest homeowners insurance with $100,000 in dwelling coverage in Kentucky.
$1,137
5. Auto-Owners Insurance Co
In 2020, Auto-Owners Insurance Co ranked #5 for the cheapest homeowners insurance with $100,000 in dwelling coverage in Kentucky.
$2,034

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
Company
Amountper year
1. USAA
In 2020, USAA ranked #1 in Kentucky for the cheapest homeowners insurance for high-value homes.
$6,503
2. Travelers
In 2020, Travelers ranked #2 in Kentucky for the cheapest homeowners insurance for high-value homes.
$8,653
3. Allstate
In 2020, Allstate ranked #3 in Kentucky for the cheapest homeowners insurance for high-value homes.
$8,832
4. State Farm
In 2020, State Farm ranked #4 in Kentucky for the cheapest homeowners insurance for high-value homes.
$12,283
5. Auto-Owners Insurance Co
In 2020, Auto-Owners Insurance Co ranked #5 in Kentucky for the cheapest homeowners insurance for high-value homes.
$38,407

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
Company
Amountper year
1. Allstate
In 2020, Allstate ranked #1 in Kentucky for the cheapest homeowners insurance for homes with a pool.
$1,356
2. Travelers
In 2020, Travelers ranked #2 in Kentucky for the cheapest homeowners insurance for homes with a pool.
$1,441
3. USAA
In 2020, USAA ranked #3 in Kentucky for the cheapest homeowners insurance for homes with a pool.
$1,501
4. State Farm
In 2020, State Farm ranked #4 in Kentucky for the cheapest homeowners insurance for homes with a pool.
$2,121

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
Company
Amountper year
1. Travelers
In 2020, Travelers ranked #1 for the cheapest homeowners insurance for owners with poor credit in Kentucky.
$1,270
2. Allstate
In 2020, Allstate ranked #2 for the cheapest homeowners insurance for owners with poor credit in Kentucky.
$1,562
3. Auto-Owners Insurance Co
In 2020, Auto-Owners Insurance Co ranked #3 for the cheapest homeowners insurance for owners with poor credit in Kentucky.
$2,034
4. USAA
In 2020, USAA ranked #4 for the cheapest homeowners insurance for owners with poor credit in Kentucky.
$2,136
5. State Farm
In 2020, State Farm ranked #5 for the cheapest homeowners insurance for owners with poor credit in Kentucky.
$2,559

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.


Do You Need Flood Insurance in Kentucky?This is an icon

A lot of properties in Kentucky face the risk of flood damage. About 227,000, or approximately 11.4%, of Kentucky homes are vulnerable to damage from floods. You may want to prepare by getting coverage from the government-backed National Flood Insurance Program (NFIP). In addition, think about buying a supplemental private policy to enhance coverage amounts.

Do You Need Hail Insurance in Kentucky?This is an icon

Kentucky homeowners should also consider proper protection from possible hail damage. Among the 50 states and Washington D.C., Kentucky ranks 16th for the total number of hail events.

Expert Advice on Home Insurance in Kentucky

  1. What advice would you give for first-time buyers looking for homeowners insurance in your state?

    In the state of Kentucky, if a tree falls on your house, many insurance plans do not cover this. You would need extra coverage or an estimate in regards to the tree as to not be a negligent owner. It's good practice to get an estimate once a year, just in case you have large trees close to your house. This is eye-opening to many first-time homeowners that do not realize the trees around their house are actually a liability.


Luke Smith
Luke SmithFounder

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.

Sources