State Farm and Nationwide are Kentucky's best cheap renters insurance companies. State Farm leads for affordable rates, while Nationwide offers the best coverage options.
Cheap Renters Insurance in Kentucky
Updated: April 25, 2025
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Key Takeaways
State Farm is Kentucky's best overall renters insurance company, offering the cheapest policy at $267 per year.
Renters insurance costs in Kentucky range from $22 to $49 monthly.
To get the best and most affordable renters insurance, decide your coverage needs beforehand, research costs and compare multiple quotes.
Kentucky Renters Insurance Quote Estimates
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Rates updated:
Apr 28, 2025
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Best Cheap Renters Insurance Companies in Kentucky
| State Farm | 96 | $22 | $267 |
| Allstate | 87 | $26 | $310 |
| Nationwide | 83 | $49 | $592 |
| AAA | 81 | $37 | $448 |
| ASI | 81 | $24 | $287 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Kentucky
While the above list covers most renters, it may not reflect the best options for your needs. Below is a filterable table tailored to your profile to help you find the best choice in Kentucky.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier:Good
| State Farm | 96 | $13 | $159 |
| Auto-Owners | 90 | $15 | $181 |
| AAA | 85 | $14 | $174 |
| ASI | 79 | $15 | $175 |
| Allstate | 75 | $19 | $230 |
Best Kentucky Renters Insurance Reviews
Below, we provide more details about our top picks for affordability, customer service and coverage options for Kentucky renters insurance.
State Farm: Most Affordable Plans
pros
Lowest rates
Large discount offering selection
High financial stability ratings
cons
Below-average claims satisfaction
Limited add-on coverage options
COMPANY HIGHLIGHTS
State Farm offers Kentucky's most affordable renters insurance with strong customer satisfaction, ranking seventh in J.D. Power studies. Coverage options include identity theft, earthquake and personal property protection.
Nationwide: Best for Coverage Options
pros
Affordable rates for higher coverage
Most extensive add-on coverage selection
High claims satisfaction ratings
cons
Lower-than-average customer satisfaction ratings
Less affordable for lower property damage coverage levels
COMPANY HIGHLIGHTS
Nationwide ranks third among Kentucky's best renters insurance companies, with strong affordability, coverage and customer service scores. J.D. Power places Nationwide fifth in customer satisfaction and eighth in claims satisfaction. Its unique options include credit card coverage and add-ons to replace selected personal property up to its actual cash value.
Average Cost of Renters Insurance in Kentucky
The average cost of renters insurance in Kentucky is $219 per year, $23 lower than the national average of $242. These rates are based on a policy with $50K in personal property coverage, $100K in liability coverage and a $1,000 deductible.
Your rate may vary depending on your profile. The table below provides average rates for your situation based on major factors affecting insurance costs.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement:Covered
| $50K Personal Property / $100K Liability | $18 | $219 |
Kentucky Renters Insurance: Buyer's Guide
Finding the best and cheapest renters insurance in Kentucky can be tough with so many options. That's why we've created a guide to help you choose the best coverage for your needs.
How to Find the Best Cheap Renters Insurance in Kentucky
Use this guide to find ideal coverage at the best price:
- 1
Determine the right coverage level
Evaluate what items you want covered and their value. Consider risks like weather damage and local crime. Knowing your needs helps you compare rates confidently.
- 2
Research costs and discounts
Understand typical costs for your desired coverage and look for discounts. This gives you perspective on quotes and potential savings.
- 3
Compare providers
Check the reputation, costs and coverage options of different insurers. This helps you narrow down your choices to those that best meet your needs.
- 4
Consider bundling
Look into bundling renters and auto insurance. Often, the savings on auto insurance through bundling can make renters insurance very affordable.
- 5
Get multiple quotes through different channels
Gather at least five quotes with similar coverage levels. Use comparison sites, insurer websites, brokers and phone calls to find the best deals.
- 6
Review your policy annually
Insurance rates and offerings change. Reassess and compare plans yearly to ensure you maintain the most cost-effective coverage.
How Much Renters Insurance Do I Need in Kentucky?
Renters insurance isn't required by Kentucky law, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit score and pet ownership. Consider how much property coverage you need, local weather risks, area crime rates and pet ownership when selecting a policy.
Use our calculator to determine your ideal personal property coverage limits and how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Kentucky Renter Risk Considerations
Below are the risks specific to Kentucky and considerations for renters seeking additional coverage:
- Weather risks: Flooding is Kentucky's most common natural disaster. The state also faces a high risk of severe storms and tornado damage in certain locations. Standard coverage may not protect against these threats in high-risk areas, requiring a separate purchase of additional coverage.
- Crime risks: Kentucky ranks 40th nationwide for property crime and 37th for identity theft and fraud. For better property damage protection, consider adding supplemental coverage or add-ons to your renters policy.
- Pet ownership: Depending on your pet, consider pet liability coverage. Check how different providers handle pet coverage and whether it's included in standard policies.
- Property types: Standard policies may not fully cover special tools, valuables, electronics or structures like pools on your rental property. Look for companies offering specific add-ons for additional protection.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers damage to your property, liability to others and loss of use of your rental home. Adding optional coverages can make your policy more comprehensive. Here are the main types of renters insurance coverage:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Pays for damaged or stolen personal items up to your policy limit. Basic coverage reimburses the depreciated value, while replacement cost coverage pays for new equivalent items. | |
Standard | Covers medical and legal costs if someone gets hurt in your rental. Many landlords require this protection. | |
Additional living expenses | Standard | Helps pay for temporary housing, meals and transportation when your rental becomes uninhabitable. Limits vary by insurer. |
Natural disasters | Add-on | Provides coverage for earthquake or flood damage. Available through select insurers as separate policies. |
Parts/Equipment | Add-on | Covers tools, appliances and utilities in your rental |
Scheduled property | Add-on | Insures valuable items up to specific limits |
Identity theft | Add-on | Covers financial losses and legal expenses from identity theft. Some policies include monitoring services. |
Pet liability | Add-on | Protects against injuries caused by your pet, though standard policies may include this |
Modifications | Add-on | Covers custom additions you've made to your rental |
Food loss | Add-on | Reimburses food lost during covered incidents |
Best Renters Insurance in Kentucky: Bottom Line
Kentucky's best and cheapest overall renters insurance companies are State Farm and Nationwide. While we recommend these options, research and compare multiple companies and quotes to get the best deal.
Renters Insurance in Kentucky: FAQ
Below are our experts' answers to frequently asked questions:
What is the cheapest renters insurance company in Kentucky?
State Farm offers the cheapest renters insurance in Kentucky, with an average annual premium of $267 or $22 per month.
What is the best renters insurance company in Kentucky?
State Farm is the best renters insurance company in Kentucky, with a MoneyGeek score of 96 out of 100 due to its exceptional affordability and customer satisfaction.
How much does renters insurance cost in Kentucky?
The average cost of renters insurance in Kentucky is $219 per year or $18 per month, 10% lower than the national average. Annual premiums range from $267 to $592.
Is renters insurance required in Kentucky?
Kentucky doesn't legally require renters insurance, but your landlord may. Consider your situation to decide if a policy makes sense for you. Key reasons to get coverage include protecting your belongings from common hazards and covering liability costs if someone gets hurt in your rental.
How We Found the Best Cheap Renters Insurance Companies
To find the cheapest renters insurance in Kentucky, we used this base profile:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
This profile determined our affordability score (60% of the total score). The remaining factors included:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed April 25, 2025.
- Kentucky Association of Mitigation Managers. "Kentucky Natural Hazards Overview." Accessed April 25, 2025.
- U.S. News. "Low Property Crime Rate." Accessed April 25, 2025.