Average homeowners insurance cost in Owensboro, KY

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In Owensboro, homeowners pay an average annual rate of $2,845 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $263 more than the national average of $2,582.

Homeowners insurance rates change from one home to another. The home insurance premium in Owensboro depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Owensboro, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Owensboro.

Key takeaways

The average cost of homeowners insurance in Owensboro is $2,845 per year.
Progressive is the cheapest homeowners insurance company in Owensboro with an average annual premium of $1,968.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $716 more a year for home insurance.

Average homeowners insurance cost in Owensboro per month

According to our rate analysis, homeowners in Owensboro pay an average of $237 per month. It’s $39 less than the state average of $276 and $22 more than the national average for home insurance across the United States.

In Owensboro, the cost of your homeowners insurance policy depends on the value of your home, location, and the coverage options you select.

Average homeowners insurance cost for a $200,000 house in Owensboro

In Owensboro, KY, homeowners pay an average of $2,129 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in Owensboro

As per rate analysis by Insure.com, homeowners residing in Owensboro typically pay an average of $2,845 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $716 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance sufficient insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Owensboro by Company

Among the carriers analyzed, Progressive is the cheapest homeowners insurance company in Owensboro. It’s average annual rate for Owensboro homeowners is $1,968. Automobile Club MI (AAA) ranks second and Cincinnati Insurance makes it to the third spot with an average annual home insurance rate of $2,358.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Owensboro and prepared a list of the cheapest home insurance providers. You can find below the Owensboro home insurance companies and their average annual premium.

Home Insurance Company	Annual rate
Progressive	$1,968
Automobile Club MI (AAA)	$2,312
Cincinnati Insurance	$2,358
Auto-Owners	$2,376
State Farm	$2,505
Westfield Insurance	$2,568
Nationwide	$2,626
Grange Mutual	$2,728
Kentucky Farm Bureau	$6,168

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Owensboro for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.