There’s a lot to take into account when shopping for renters insurance, but we’ve compiled a list of the top providers in Kentucky. Our insurance experts have analyzed price quotes from Kentucky’s largest renters insurance companies to help make your decision easier. Below is the list of cheapest renters insurance companies in Kentucky:
- Cincinnati Insurance
- USAA
- Allstate
- Garrison
- Kentucky Farm Bureau
Cheapest renters insurance companies in Kentucky
Cincinnati Insurance offers the cheapest renters insurance in Kentucky at an average annual rate of $164 or $14 per month. Based on Insure.com’s rate analysis, we have mentioned cheap renters insurance companies in Kentucky along with their average annual rates.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Cincinnati Insurance | $164 | $14 |
| USAA | $207 | $17 |
| Allstate | $228 | $19 |
| Garrison | $232 | $19 |
| Kentucky Farm Bureau | $263 | $22 |
| State Farm | $292 | $24 |
| Travelers | $298 | $25 |
| Safeco | $358 | $30 |
| Nationwide | $403 | $34 |
| Liberty | $535 | $45 |
| LM Insurance | $573 | $48 |
| First Liberty | $599 | $50 |
| Auto Owners | $1,442 | $120 |
Average cost of renters insurance in Kentucky by coverage level
In Kentucky, the average cost of renters insurance is $295 per year or $25 per month, that’s $31 less than the national average of $326. These rates are for the coverage level of $20,000 for personal property, $1000 as deductible and $300,000 as liability protection.
Find below average cost of renters insurance in Kentucky for coverage levels of- $40,000 and $60,000 with liability protection of $300,000 and $1000 as deductible.
| Coverage level | Avg. annual renters insurance rate | Avg. monthly renters insurance rate |
|---|---|---|
| $20,000 | $295 | $25 |
| $40,000 | $424 | $35 |
| $60,000 | $552 | $46 |
Most affordable ZIP codes for renters insurance in Kentucky
How much Kentucky renters pay for insurance majorly depends on the zip code they live in. Based on our findings, the most affordable zip code for renters insurance in Kentucky is 41011. Its average annual rate $312 or $26 per month.
The above mentioned rates are for the coverage limits of $40,000 for personal property, $1000 as deductible, and 100,000 in liability protection. Rates vary based on the zip code, that’s why comparing quotes is one of the easiest ways to get the best deal on renters insurance in Kentucky.
| ZIP code | Average annual rate | Average monthly rate |
|---|---|---|
| 41011 | $312 | $26 |
| 41014 | $313 | $26 |
| 40376 | $329 | $27 |
| 41204 | $330 | $28 |
| 41124 | $331 | $28 |
| 40336 | $332 | $28 |
| 40434 | $333 | $28 |
| 40312 | $334 | $28 |
| 41034 | $335 | $28 |
| 40328 | $336 | $28 |
Least affordable ZIP codes for renters insurance in Kentucky
Your zip code, among other factors, affects how much you pay for renters insurance in Kentucky. 40214 is the least affordable zip code for Kentucky renters at an average cost of $426 a year or $36 monthly.
We have analyzed quotes from the major insurance carriers across all the zip codes in Kentucky. Below we’ll provide the average annual renters insurance costs by ZIP code, also find out how much renters insurance costs per month.
| ZIP code | Average annual rate | Average monthly rate |
|---|---|---|
| 40214 | $426 | $36 |
| 40023 | $422 | $35 |
| 40219 | $421 | $35 |
| 40059 | $420 | $35 |
| 40118 | $419 | $35 |
| 40258 | $418 | $35 |
| 40218 | $417 | $35 |
| 40018 | $416 | $35 |
| 40220 | $415 | $35 |
| 40207 | $414 | $34 |
Renters and auto bundle discounts in Kentucky
If you’re looking for ways to trim costs on your insurance premiums, consider purchasing both renters and auto policies from the same company. Bundling policies can help you save an average of $119 per year in Kentucky. State Farm offers the cheapest rate on renters and auto insurance bundle, you can save an average of $101 annually or 7%.
| Company | Average annual rate | Average base annual rate (without bundling) | $ bundle average savings | % bundle average savings |
|---|---|---|---|---|
| State Farm | $1,317 | $1,418 | $101 | 7% |
| Progressive | $1,715 | $1,819 | $104 | 6% |
| Cincinnati | $1,750 | $1,764 | $13 | 1% |
| Standard Fire | $1,815 | $1,833 | $18 | 1% |
| Kentucky Farm Bur Mut | $1,949 | $2,166 | $217 | 10% |
| Auto Owners | $1,965 | $2,069 | $104 | 5% |
| Geico | $2,047 | $2,110 | $63 | 3% |
| Grange Prop & Cas | $2,974 | $3,396 | $422 | 12% |
| Allstate | $3,893 | $3,922 | $29 | 1% |
