Average homeowners insurance cost in Kentucky

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Whether you’re buying a new home or safeguarding the one you already own, it’s important to have comprehensive homeowners insurance. However, the amount you’ll pay depends on the insurance company and the coverage limits you choose.

Homeowners insurance in Kentucky costs an average of $3,314 a year, according to Insure.com’s study.

Read this guide to learn more about the average homeowners insurance rates in Kentucky by insurance company and ZIP code.

Key Takeaways

Homeowners insurance costs an average of $3,314 a year, based on our 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

Homeowners insurance costs $3,314 a year in Kentucky for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

If you raise the dwelling coverage limit from $300,000 to $400,000, the cost of homeowners insurance in Kentucky will increase to $4,232 per year for $100,000 in liability protection and a $1,000 deductible. Below, you’ll find the average cost of homeowners insurance in Kentucky for 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

Homeowners insurance companies in Kentucky determine rates based on risk factors. When calculating premiums, they consider your location, claims history, credit history and coverage limits.

If your neighborhood has experienced many claims in the last few years, you can expect to pay higher home insurance rates than areas with few to no 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 has the cheapest homeowners insurance rates in Kentucky. Its average annual cost for Kentucky homeowners is $2,243. Progressive and State Farm also offer affordable insurance.

By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.

The table below shows the average annual and monthly insurance rates for homeowners in Kentucky with $300,000 in dwelling coverage, $100,000 in liability coverage, 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

Insurance providers in Kentucky factor in the risk of a given location when determining rates. ZIP codes with higher crime rates or frequent natural disasters are typically classified as high-risk, leading to increased premiums. Additionally, the cost of rebuilding or repairing homes in that area can affect your homeowners insurance costs.

To get the best deal on homeowners insurance rates in Kentucky, take the time to shop around and compare quotes from multiple insurers. Additionally, don’t forget to ask about potential discounts, like bundling policies or a smart home discount.

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.