Best homeowners insurance in Kentucky (2024)

We looked at average costs, customer service ratings, and policy options from multiple top insurers to find the best and cheapest home insurance companies in Kentucky.

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By

Andrew HurstSenior Editor & Licensed Auto Insurance ExpertAndrew Hurst is a senior editor and a licensed auto insurance expert at Policygenius. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin, and Property Casualty 360.

Edited by

Pat HowardPat HowardManaging Editor & Licensed Home Insurance ExpertPat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.
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Reviewed by

Britta M. MossBritta M. MossProperty & casualty claim consultant and expert witnessBritta M. Moss, CPCU, SCLA, AIC-M, has over 25 years of insurance industry experience. In her work as a property and casualty claim consultant, she provides consultation and expert witness services in claim handling standards, practices, and norms.  She has been retained by law firms representing plaintiffs and those representing insurer defendants involved in disputes or litigation regarding coverage analysis, investigation, liability determination, damage evaluation, negotiation and settlement.  She is a graduate of The Ohio State University. 

Updated|3 min read

Expert reviewedExpert reviewedThis article has been reviewed by a member of ourFinancial Review Council to ensure all sources, statistics, and claims meet the highest standard for accurate and unbiased advice.Learn more about oureditorial review process.

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Kentucky enjoys four-season weather but can experience tornado activity and flooding, meaning residents should have reliable home insurance to protect their homes from damage.

The average cost of homeowners insurance in Kentucky is $2,565 per year or $214 a month. This is around 46% higher than the national average of $1,754.

Compare home insurance rates in Kentucky

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Methodology & why you can trust our rates

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Compare the best homeowners insurance companies in Kentucky

According to our analysis, Auto-Owners, State Farm, Allstate, and Farm Bureau are the best homeowners insurance companies in Kentucky.

Policygenius analyzed thousands of quotes across the state to find the average cost of homeowners insurance from each company. We then looked at J.D. Power customer satisfaction scores and compared that with the coverage needs of the state's residents to find the best homeowners insurance in Kentucky.

Company

Average monthly cost

Policygenius rating

Auto-Owners Insurance

$207

5.0 out of 5

State Farm

$234

4.8 out of 5

Allstate

$296

4.4 out of 5

Farm Bureau Insurance

$351

3.9 out of 5

Compare home insurance rates in Kentucky

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2024 Policygenius award winner

Auto-Owners Insurance

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starFull orange star

5.0

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

Offers flood insurance

Why we chose itchevron icon

Auto-Owners Insurance is the best homeowners insurance company in Kentucky thanks to its extensive policy and coverage options, its high marks for financial strength, its customer experience ratings, and its affordable rates.

Pros and conschevron icon

Pros

  • Offers a slew of extra coverage add-ons

  • Rates are cheaper than average in Kentucky

  • Flood insurance through the NFIP

Cons

  • Not able to get quotes or file claims online

More detailschevron icon

Why Auto-Owners Insurance is our pick for best overall company

Auto-Owners Insurance is one of the best home insurance companies in Kentucky, especially if you want to add more protection to a basic policy. Auto-Owners offers add-ons like guaranteed replacement cost coverage, water backup protection, inland flood coverage, and more.

In Kentucky, Auto-Owners' rates are a little cheaper than average. Plus, Auto-Owners offers more than a dozen discounts, including many that are easy to qualify for, like signing up for automatic payments and paperless billing.

How much does Auto-Owners home insurance cost in Kentucky?

The average cost of Auto-Owners home insurance in Kentucky is $2,489 per year, which is 3% cheaper than the statewide average.

How to get quotes

To get a homeowners insurance quote, you’ll have to call a local Auto-Owners Insurance agent.

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2024 Policygenius award winner

State Farm

State Farm logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

Offers flood insurance

Offers earthquake insurance

Wind/hail deductible

Offers wildfire insurance

Why we chose itchevron icon

State Farm is one of the best home insurance companies in Kentucky thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.

Pros and conschevron icon

Pros

  • Top-tier coverage add-ons, including extended replacement cost coverage

  • High customer satisfaction and financial strength ratings

  • Big discount for bundling home and auto coverage

Cons

  • No discounts for first-time homebuyers

  • Rates are more expensive than average in North Dakota

More detailschevron icon

Why we chose State Farm

State Farm is one of our picks for the best home insurance in Kentucky, especially if you want to add protection to a basic policy. With State Farm homeowners can get extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, and more.

State Farm's customer service is highly rated, too. The company has received high ratings from policyholders, according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. It has also received the highest rating possible from A.M. Best for financial strength and stability.

How do State Farm home insurance rates compare to the Kentucky average?

The average cost of home insurance from State Farm in Kentucky is $2,812 per year, which is 10% more expensive as than the statewide average.

How to get a quote

Online through State Farm or by contacting your local State Farm agent.

award icon

2024 Policygenius award winner

Allstate

Allstate logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Allstate is one of the top home insurance companies in Kentucky. While its rates are higher than average in the state, Allstate also offers a few add-ons that can make a basic policy stronger.

Pros and conschevron icon

Pros

  • Offers HostAdvantage for short-term rental coverage

  • Offers water backup protection, other endorsements

Cons

  • Beginning to pull back coverage in high-risk areas

  • Higher rates than average in Kentucky

More detailschevron icon

Why we chose Allstate

Allstate is a top home insurance company in Kentucky. We like that Allstate offers some home insurance coverages that you can add to your policy for more protection, like water backup protection, scheduled personal property coverage, and identity theft restoration coverage.

If you're looking to cover your short-term rental, Allstate's HostAdvantage is another perk. HostAdvantage comes with theft protection, coverage for your damaged property ($10,000 per host period), and a $25 discount on cleaning services from Merry Maids.

How do Allstate home insurance rates compare to the Kentucky average?

The annual average cost of Allstate home insurance in Kentucky is $3,556 per year, which is 39% more expensive than the statewide average.

How to get a quote

Online through Policygenius or Allstate, or by contacting a local Allstate agent.

Texas Farm Bureau

Farm Bureau Financial Services logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starHalf orange starEmpty gray star

3.9

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Smart home discounts

Mobile app

New homebuyer discount

Why we chose itchevron icon

Farm Bureau offers exceptional customer service and the option to bundle a slew of insurance policies on top of just home insurance, include farm and ranch coverage. Its rates are more expensive than average, though.

Pros and conschevron icon

Pros

  • Excellent customer service score — received 99% fewer complaints expected for a company of its size in 2021

  • Excellent financial strength rating from A.M. Best, proving it likely has the funds to pay out claims in the wake of a natural disaster

  • Only pay one deductible if your home, car, and boat are damaged in the same event and you bundle your insurance policies with Farm Bureau

Cons

  • Rates are more expensive than average in Kentucky

  • Need to have a Farm Bureau membership to purchase insurance

More detailschevron icon

Why we chose Farm Bureau

Farm Bureau is one of the top home insurance companies in Kentucky. Farm Bureau offers a complete line of insurance products — from auto, home, life, commercial, and ranch, allowing you to have all of your policies with one company.

Farm Bureau also gets much fewer complaints than expected, according to the National Association of Insurance Commissioners. Rates from Farm Bureau are more expensive than average, but the company also offers a range of discounts, including bundling and new home discounts.

How do Farm Bureau home insurance rates compare to the Kentucky average?

The average cost of Farm Bureau home insurance in Kentucky is $4,213 per year, which is about 64% more expensive than the statewide average annual premium.

How to get a quote

By contacting a local Farm Bureau agent

How much is homeowners insurance in Kentucky?

The average cost of homeowners insurance in Kentucky is $2,565 per year, or $214 a month, for an insurance policy with $300,000 in dwelling coverage. This means insurance in the Bluegrass State is $811 more expensive than the national average per year.

Kentucky homeowners insurance rates by city

We calculated the cost of home insurance in Kentucky's largest cities and found that Florence is the cheapest big city for homeowners insurance in the state, while Henderson is the most expensive.

Here’s a look at the average cost of home insurance in the 20 largest cities in Kentucky.

City

Average monthly cost

Average annual cost

Difference from state average (%)

Bowling Green

$179

$2,150

-16%

Owensboro

$188

$2,255

-12%

Covington

$163

$1,961

-24%

Georgetown

$163

$1,959

-24%

Richmond

$182

$2,189

-15%

Florence

$156

$1,869

-27%

Nicholasville

$168

$2,012

-22%

Elizabethtown

$194

$2,325

-9%

Hopkinsville

$193

$2,310

-10%

Independence

$168

$2,018

-21%

Jeffersontown

$162

$1,942

-24%

Frankfort

$175

$2,099

-18%

Henderson

$202

$2,429

-5%

Paducah

$199

$2,391

-7%

Radcliff

$198

$2,371

-8%

Ashland

$198

$2,377

-7%

Erlanger

$158

$1,893

-26%

Madisonville

$195

$2,340

-9%

Winchester

$178

$2,140

-17%

Mount Washington

$180

$2,156

-16%

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Kentucky homeowners insurance rates by coverage amount

The table below highlights the average annual premium in Kentucky for five different levels of dwelling coverage, which is the part of your policy that covers structural damage to your home.

Generally speaking, more dwelling coverage means higher homeowners insurance rates, as shown in the table below.

Compare home insurance rates in Kentucky

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Cheapest homeowners insurance companies in Kentucky

After analyzing home insurance rates in all of the state's ZIP codes, we found that the cheapest home insurance companies in Kentucky are State Auto, Cincinnati Insurance, Westfield Insurance, Progressive, and Auto-Owners Insurance.

Cheapest Kentucky homeowners insurance if you have poor credit

Poor credit can be bad news when it comes to home insurance rates. Insurance companies consider a bad credit score to be an indicator of risky behavior and an increased risk of filing an insurance claim.

With an average rate of $1,789 per year, Cincinnati Insurance has the cheapest home insurance rates in Kentucky for a homeowner with poor credit.

Company

Average annual cost

Cincinnati Insurance

$1,789

Progressive

$3,074

Nationwide

$3,603

Grange Insurance

$3,961

Westfield Insurance

$4,287

State Farm

$4,926

Allstate

$5,073

State Auto

$5,133

Farm Bureau Insurance

$5,299

AAA

$7,333

Auto-Owners Insurance

$20,821

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Cheapest Kentucky homeowners insurance if you have an older home

It can cost a lot to insure older homes. That's because they're more prone to structural damage than new homes. Older homes are also often constructed out of materials and with features that would be expensive to replace if they were damaged.

With an average annual premium of $1,649, Westfield Insurance offers the cheapest home insurance rates in Kentucky for an older home.

Company

Average annual cost

Westfield Insurance

$1,649

Cincinnati Insurance

$1,733

Progressive

$2,306

Auto-Owners Insurance

$2,448

Grange Insurance

$2,745

Nationwide

$2,813

State Farm

$2,862

State Auto

$2,971

Allstate

$3,433

AAA

$4,212

Farm Bureau Insurance

$5,069

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Cheapest Kentucky homeowners insurance if you have a history of claims

If you have multiple claims on your record, you'll typically pay more for home insurance, as insurers will consider you more likely to file future claims than a homeowner with a spotless claims history.

With an average annual premium of $1,880, Westfield Insurance offers the cheapest home insurance rates in Kentucky if you've filed three claims within a five-year period.

Company

Average annual cost

Westfield Insurance

$1,880

Auto-Owners Insurance

$2,489

Progressive

$2,941

State Farm

$3,266

Grange Insurance

$3,370

Cincinnati Insurance

$3,840

Nationwide

$4,765

Farm Bureau Insurance

$5,069

State Auto

$5,206

Allstate

$5,821

AAA

$12,149

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Coverage options in Kentucky

In addition to looking at how much each insurance company charges for different coverage levels and risks, you should also know what your policy does and doesn’t cover.

When buying homeowners insurance in Kentucky, you may need additional insurance to protect yourself against flooding and damage from strong winds.

Flood insurance

Your regular home insurance policy won't cover flood damage. If you live in a part of Kentucky where flooding can happen, you should consider flood insurance along with your regular home insurance.

In addition to comparing home insurance quotes, homeowners in Kentucky can also compare private flood insurance rates with Policygenius, or choose a policy through a government entity like the National Flood Insurance Program.

Windstorm insurance

High winds and tornadoes can come along with Kentucky's thunderstorms. Home insurance usually covers damage from wind, and from tornadoes, but can sometimes get a little more complicated.

Some home insurance companies in Kentucky may charge a separate wind deductible, while others won't cover wind damage at all. If you're not covered, you would need to get a separate windstorm policy or find a company that covers wind damage.

How to buy homeowners insurance in Kentucky

We’ve rounded up our top five favorite tips to show you how easy it is to buy homeowners insurance in Kentucky. We can help you find the best solution that works for your home insurance needs.

Steps to getting home insurance in Kentucky

  1. Reach out to a licensed Policygenius agent. Our team of experienced agents can help you find affordable quotes tailored to your budget and needs — at no cost or obligation to you.

  2. Ask if you should purchase flood insurance. With its location along the Ohio River, flooding has been a real issue for some Kentucky residents. If you live near a flood-prone area, ask a Policygenius agent about adding flood insurance to your Kentucky coverage package.

  3. Figure out how much you can pay for your deductible.A higher deductible means you’ll pay less upfront for your home insurance, but more when it's time to file a claim. A Policygenius agent can help you pick out a deductible that works within your budget.

  4. Compare quotes from a Policygenius agent.Once you’ve identified your coverage needs, limits, and deductibles, a Policygenius agent will send over quotes from top companies so you can review them in the comfort of your home.

  5. Sign the policy, and pay your first premium. After you’ve settled on the company and policy that works best for you, Policygenius will handle all of the paperwork for you. All you have to do is sign the policy and pay your first premium.

Compare home insurance rates in Kentucky

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Frequently asked questions

What is the average home insurance cost in Kentucky?

The average home insurance rate in Kentucky is about $2,565 per year, or $214 a month.

Do you need tornado insurance in Kentucky?

Tornadoes are classified as windstorms in your home insurance policy, so you generally won’t need separate coverage to protect against tornado damage. An adequate homeowners policy can ensure you and your family are protected in the event that severe weather strikes.

How can I lower my homeowners insurance in Kentucky?

The quickest way to lower the cost of your home insurance is by comparing quotes from several companies based on your coverage needs, limits, and how much of a deductible you can afford. Once you’ve reviewed your options, ask about any discounts, and pick the best policy that works best for you.

What if I'm denied home insurance coverage in Kentucky?

If you're denied home insurance coverage on the standard market due to your claims history, where you live, or other factors that make you high risk to insure, you should look into home insurance coverage through the Kentucky FAIR Plan. This is a state-mandated insurance program that offers coverage to Kentucky homeowners who've struggled to find a home insurance policy elsewhere.

Author

Andrew Hurst is a senior editor and a licensed auto insurance expert at Policygenius. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin, and Property Casualty 360.

Editor

Pat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.

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