Besthome insuranceKentuckyThe Best Homeowners Insurance Companies in Kentucky (2023)
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Allstate is the best home insurance company overall in Kentucky, offering the best balance of affordability and quality coverage for homeowners on a budget. However, if you have an expensive home, State Farm is the best option, while Auto-Owners Insurance Co is an ideal choice for customers seeking quality service regardless of cost.
If you’re more concerned with savings than service quality, MoneyGeek also analyzed the cheapest home insurance companies in Kentucky.
Besthome insuranceKentuckyThe Best Homeowners Insurance in Kentucky
Best overall - Allstate
Best for service quality - Auto-Owners Insurance
Best on a budget - Allstate
Best for expensive homes - State Farm
Best for veterans - USAA
Best for bundling - State Farm
The Best Overall Homeowners Insurance Companies in Kentucky
MoneyGeek ranked the best home insurance companies in Kentucky based on financial stability, affordability, customer satisfaction and claims ratings.
The best companies for home insurance in Kentucky are:
- Allstate: MoneyGeek score of 86 out of 100
- State Farm: MoneyGeek score of 85 out of 100
If you have a military background, you can qualify for USAA's policies. This provider is the best home insurance company in Kentucky, with a MoneyGeek score of 99 out of 100.
MoneyGeek summarized why Allstate and State Farm are the best overall in Kentucky for home insurance and highlighted their unique coverages.
The Top Home Insurance Companies in Kentucky
1
Allstate
Score:86
The average cost of an Allstate home insurance policy is $814 per year. This insurer ranks first in Kentucky for its affordability and high financial stability ratings. Allstate also offers unique benefits like home rental coverage.
More About Allstate
Homeowners who rent out their homes can receive additional protection by opting for rental coverage from Allstate to reimburse them if personal property becomes damaged or lost. Allstate also offers mold and yard and garden coverages, which are not common with other insurers. This insurance covers you if your house is damaged by mold or for costs such as landscaping.
Read MoneyGeek's Allstate home Insurance Review2
State Farm
Score:85
State Farm’s homeowner's policy costs an average of $1,137 per year. This insurer has high customer satisfaction and affordability ratings. State Farm also offers a wide range of coverages and features to suit different needs.
More About State Farm
Homeowners can opt to purchase vacancy coverage with this policy, which covers vandalism or glass breakage when your house is unoccupied and empty for more than 30 days. State Farm also offers optional loss assessment coverage for homeowners association members. Another unique coverage from State Farm is service line coverage, which protects you in case sewage or water lines become damaged.
Read MoneyGeek's State Farm home Insurance ReviewHOW WE DETERMINED THE BEST KENTUCKY HOME INSURANCE
MoneyGeek collected home insurance quotes from across the country and weighed them against claims ratings and customer satisfaction scores from J.D. Power to rank the best home insurance nationally and in Kentucky.
Home insurance rates and customer experiences can vary depending on your specific circumstances and needs. You can read our methodology for more information.
The Best Homeowners Companies in Kentucky for Service Quality
MoneyGeek ranked the best home insurance companies in Kentucky based entirely on customer satisfaction and claims experience to help homeowners who want quality service regardless of cost.
The best home insurance companies for quality service in Kentucky are:
- Auto-Owners Insurance Co: MoneyGeek score of 89 out of 100
- State Farm: MoneyGeek score of 81 out of 100
For homeowners with military backgrounds, USAA is the best option for quality service, with a MoneyGeek score of 100 out of 100.
MoneyGeek highlighted why Auto-Owners Insurance Co and State Farm ranked highest for those who want the best possible service experience.
The Top Home Insurance Companies in Kentucky for Quality Service
1
Auto-Owners Insurance
Score:89
Auto-Owners ranks second in claims and third overall in customer satisfaction among home insurance companies in Kentucky. This insurer maintains a strong reputation for handling claims and offers policyholders a helpful experience in their time of need.
More About Auto-Owners Insurance
Auto-Owners Insurance features unique coverage options, including off-premises property coverage to cover your personal property that you carry with you while away, such as laptops. Policyholders can also receive specialty vehicle coverage for off-road vehicles and boats.
Read MoneyGeek's Auto-Owners Insurance home Insurance Review2
State Farm
Score:81
State Farm tied in second place for customer satisfaction in Kentucky. This insurer has a reputation for efficient claims processing and friendly customer service. State Farm also offers a wide range of coverage types and optional add-ons to suit different homeowners.
More About State Farm
State Farm is one of the few insurers that offers mold coverage of up to $20,000 included in their policies. State Farm also has optional home systems coverage to protect policyholders when permanently installed equipment, such as heating and water filtration systems, gets damaged. You can also opt for home rental coverage if you rent out part or all of your home to cover any damage to your personal property.
Read MoneyGeek's State Farm home Insurance ReviewThe Best Homeowners Companies in Kentucky on a Budget
For homeowners in Kentucky on a budget, MoneyGeek analyzed insurers offering the best rates and quality service.
The best home insurance companies in Kentucky for affordability are:
- Allstate: MoneyGeek score of 92 out of 100
- Travelers: MoneyGeek score of 91 out of 100
USAA received a MoneyGeek score of 98 out of 100 as the best insurer for homeowners on a budget. However, we did not include this provider in our rankings, as only individuals with military backgrounds qualify for its coverage.
An Allstate home insurance policy costs an average of $814 per year, while Travelers costs $748 per year, on average.
MoneyGeek broke down why Allstate ranked highest for policyholders on a budget, along with the unique coverage and discounts it offers.
The Top Home Insurance Companies in Kentucky on a Budget
pros
Affordable home insurance coverage at $814 per year
Discounts including new home, bundling and protective device discounts
cons
No home renovation discount
MoneyGeek satisfaction score of 3.96 out of 5
COMPANY HIGHLIGHTS
Allstate ranks second for affordability among insurers in Kentucky and features high stability ratings. This insurer offers common discounts to help customers save even more on costs, including for policyholders who remain claim-free for a period, bundle their coverage or recently bought new homes.
Allstate also has unique discounts, including a discount for customers who set up automatic premium payments. You can also receive a loyalty discount for staying with the company for extended periods.
The Best Homeowners Companies in Kentucky for Expensive Homes
MoneyGeek analyzed insurers in Kentucky to find providers with the best home insurance for expensive homes. MoneyGeek weighed the cost of insuring a home that would cost $2 million to replace against customer satisfaction ratings.
The best home insurance companies in Kentucky for expensive homes are:
- State Farm: MoneyGeek score of 85 out of 100
- Allstate: MoneyGeek score of 82 out of 100
USAA received a perfect MoneyGeek score of 100 and is the best insurer for expensive homes. Eligibility, however, only extends to those with military backgrounds.
The average cost of a State Farm home insurance policy for an expensive home is $12,283 per year, while Allstate costs an average of $8,832. USAA is the cheapest at $6,503 per year, on average.
MoneyGeek highlighted why State Farm scored highest for those with expensive homes and their unique coverage.
The Top Home Insurance Companies in Kentucky for High-Value Homes
pros
Ranks in the top half for expensive homes in Kentucky
MoneyGeek satisfaction rating of 4 out of 5
cons
No extended reimbursement or content replacement cost coverage
COMPANY HIGHLIGHTS
State Farm offers relatively affordable home insurance for expensive homes in Kentucky and has high customer satisfaction ratings. This insurer offers unique coverage options, including benefits for owners of high-value homes.
State Farm offers policyholders scheduled personal property coverage to protect when valuables such as jewelry, gold and silverware are damaged or lost. You can also opt for identity theft coverage to protect yourself in case your identity is stolen.
The Best Homeowners Companies in Kentucky for Veterans
MoneyGeek identified the best home insurance in Kentucky for homeowners with a military background.** USAA**, with a MoneyGeek score of 99 out of 100, is the best option for active-duty military personnel and veterans.
The average cost of a USAA homeowners policy is $868 per year. USAA’s home insurance coverage fits the needs of homeowners with military backgrounds.
The Top Home Insurance Companies in Kentucky for Veterans
pros
Coverages are tailored to suit military families
MoneyGeek satisfaction rating of 5 out of 5
MoneyGeek affordability rating of 4.8 out of 5
cons
Only former or current members of the military qualify
COMPANY HIGHLIGHTS
USAA has the highest customer satisfaction rating in Kentucky among home insurance companies and also scores highly in affordability.
USAA home insurance policy includes content replacement cost coverage, which is not common with other insurers. This coverage ensures that lost belongings are reimbursed at the current rate without factoring in depreciation. USAA also offers optional rental coverage for homeowners who rent out their homes and want protection in case of damage or loss to their property.
The Best Homeowners Companies in Kentucky for Bundling
MoneyGeek ranked the best car and home insurance bundles in Kentucky for homeowners looking to balance the best home insurance policies with the best car insurance in Kentucky.
The best home insurance companies for bundling in Kentucky are:
- State Farm: MoneyGeek score of 89 out of 100
- Allstate: MoneyGeek score of 78 out of 100
Homeowners can save on premiums by purchasing multiple policies with the same provider. Bundling can make it more convenient to deal with one insurer when making payments or filing claims.
The Top Home Insurance Companies in Kentucky for Bundling
pros
Home MoneyGeek score of 4.2 out of 5
Auto MoneyGeek score of 4.3 out of 5
Average bundling discount of 28%
cons
Doesn’t have many unique car insurance coverages
COMPANY HIGHLIGHTS
State Farm offers an average of a 28% bundling discount if you purchase home and auto insurance with the provider. Apart from high customer satisfaction ratings, this insurer has unique homeowners and car insurance coverages to suit different needs.
State Farm car insurance comes with optional rideshare coverage, as well as travel and rental expense reimbursement to cover costs incurred while your car is in the shop for repairs. Unique options in State Farm’s home insurance policies include energy efficiency upgrade coverage to cover the cost of replacing materials with energy-efficient alternatives. State Farm also offers home systems coverage to cover damages related to permanently installed equipment in your home.
How to Find the Best Home Insurance in Kentucky
If you’re looking for the best home insurance in Kentucky, look for an insurer that balances cost, service quality and financial stability. MoneyGeek has collected this information for you, but you can also perform your own research to find a provider that best suits your needs.
1
Research Customer Service Reputations in Kentucky
MoneyGeek researched customer service reputations for insurance companies in Kentucky, but interested customers can also explore details by looking up J.D. Power satisfaction scores and NAIC complaint ratios. The Kentucky Department of Insurance website also has useful data on insurers in the state.
2
Compare Quotes for Yourself
MoneyGeek’s quotes are averages for sample homeowners in most of Kentucky, but not everywhere. For a clearer picture of insurance rates, compare quotes from three or more insurers.
3
Make Sure the Company Has Coverages You Want in Kentucky
Insurers may advertise that they offer certain coverages or discounts, but those features may be limited to specific states. Always confirm with your insurer whether they have the coverage you need in your location before signing up.
4
Double-Check Financial Stability Ratings
Check insurers' financial strength ratings — large insurance companies tend to be financially stronger, and regional insurance companies in Kentucky may have lower stability ratings.
FAQs About the Best Home Insurance in Kentucky
The best home insurance in Kentucky varies based on your needs. You can find more information in the answers to frequently asked questions below.
Expert Advice on Home Insurance in Kentucky
- What advice would you give for first-time buyers looking for homeowners insurance in your state?
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Methodology
MoneyGeek scores for homeowners insurance in Kentucky were calculated by using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, real homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections focused on affordability and service experience specifically.
MoneyGeek analyzed homeowners insurance quotes from 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 Mark Fitzpatrick
