Average homeowners insurance cost in Kentucky

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.

According to Insure.com’s data analysis, the average cost of homeowners insurance in Kentucky is $3,314 a year.

Continue reading to learn more about homeowners insurance rates in Kentucky by ZIP code and insurer.

Key Takeaways

Homeowners insurance costs an average of $3,314 a year, based on Insure.com analysis.
Of all the ZIP codes in Kentucky, 41075 has the most affordable home insurance rates at around $2,357 annually.
In Kentucky, Cincinnati Insurance provides the most affordable home insurance at an average annual premium of $2,243.

Average home insurance cost in Kentucky by coverage level

In Kentucky, the annual homeowners insurance cost is $3,314, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.

Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $4,232 in Kentucky, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Kentucky based on dwelling coverage limits of $300,000, $400,000, and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,476	$206
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,486	$207
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,314	$276
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,326	$277
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$4,232	$353
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$4,246	$354
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$6,125	$510
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$6,142	$512
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$9,814	$818
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$9,840	$820

In Kentucky, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history, credit history and coverage limit all affect your premium.

If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Kentucky

It’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Kentucky using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Kentucky. Based on the analysis, Nationwide received the lowest NAIC score and A+ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Nationwide	$3,245	A+	0.87	5
State Farm	$2,719	A++	0.95	4.91
Auto-Owners	$3,114	A++	0.33	4.87
Westfield Insurance	$2,970	A	0.29	4.77
Auto Club Group – ACG (AAA)	$3,421	A	0.29	4.62
Grange Insurance	$3,764	B++	0.93	4.25
Progressive	$2,287	A+	8.45	3.81
Kentucky Farm Bureau	$6,065	A	0.54	3.71

Average homeowners insurance cost by company in Kentucky

Cincinnati Insurance provides the most affordable homeowners insurance in Kentucky, with an average annual premium of $2,243. Progressive and State Farm also offer cheap home insurance rates.

Shopping around for homeowners insurance can help you save hundreds of dollars annually.

Here are the average annual and monthly insurance rates for homeowners in Kentucky with a policy that provides $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Cincinnati Insurance	$2,243	$187
Progressive	$2,287	$191
State Farm	$2,719	$227
Westfield Insurance	$2,970	$247
Auto-Owners	$3,114	$260
Nationwide	$3,245	$270
Auto Club Group – ACG (AAA)	$3,421	$285
Grange Insurance	$3,764	$314
Kentucky Farm Bureau	$6,065	$505

Kentucky homeowners insurance rates by ZIP code

In Kentucky, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.

Shop around and compare quotes from different insurance companies to find the best home insurance rates in Kentucky. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.

Most affordable ZIP codes for home insurance rates in Kentucky

Homeowners insurance costs in Kentucky can vary widely by location, with your ZIP code being a key factor in determining your rate. Based on our data, the the 41075 area has the most affordable insurance rates, at $2,357 annually or $196 monthly.

Below are the homeowners insurance rates for the most affordable ZIP codes in Kentucky.

ZIP code	Average annual rate	Average monthly rate
41075	$2,357	$196
41001	$2,392	$199
40514	$2,398	$200
40502	$2,400	$200
41091	$2,404	$200
41074	$2,409	$201
41076	$2,411	$201
40513	$2,421	$202
41094	$2,427	$202
40536	$2,428	$202

Most expensive ZIP codes for home insurance rates in Kentucky

Your ZIP code plays a significant role in determining the cost of your homeowners insurance. In Kentucky, some areas face higher premiums due to factors like high crime rates, greater risk of natural disasters and higher living expenses.

In Kentucky, 42083 has the highest homeowners insurance rates, at $4,286 per year.

Here, we’ve highlighted some of the most expensive ZIP codes in Kentucky for homeowners insurance:

ZIP code	Average annual rate	Average monthly rate
42083	$4,286	$357
42041	$4,215	$351
42050	$4,142	$345
42021	$4,065	$339
42045	$4,062	$339
42058	$4,054	$338
42023	$4,053	$338
41214	$4,052	$338
42460	$4,040	$337
42461	$4,030	$336

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Kentucky by city

See rates in your city

Bowling Green

Covington

Owensboro

Home insurance rate trend in Kentucky

We analyzed home insurance rate trends in Kentucky and found that homeowners insurance rates experienced an overall increase of 5% or $161, from 2022 to 2023.

The data below shows how much homeowners insurance rates have changed since 2019.

2019 rates	2022 rates	2023 rates
$2,616	$3,153	$3,314

To choose the right homeowners insurance, it’s important to conduct thorough research and compare rates from various insurers, as each evaluates risk differently. Comparing quotes from at least three companies can help you secure the most affordable coverage in Kentucky.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.