The Best Home Insurance in Kentucky for 2024

We analyzed home insurance in Kentucky to find the best companies and most affordable rates.
Kayda Norman
Sarah Schlichter
By Sarah Schlichter and  Kayda Norman 
Updated
Edited by Caitlin Constantine

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Homeowners insurance in Kentucky is a bit more expensive than the U.S. average, but it’s smart to look at more than just price when choosing a policy. You’ll also want to make sure your insurance will cover common risks of damage in Kentucky, such as severe weather and sinkholes.

NerdWallet analyzed rates from insurers across the state to determine the best homeowners insurance in Kentucky.

Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate inaccuracies in pricing data and may update rates for accuracy as new information becomes available.

We include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

Our sample homeowner had good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible.

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The best homeowners insurance in Kentucky

If you’re looking to buy homeowners insurance from a well-rated brand, consider one of these insurers, all of which have a NerdWallet star rating of 4.5 or higher.

Company

NerdWallet star rating

Average annual rate

5.0

NerdWallet rating 

Not available

4.5

NerdWallet rating 

$1,745

4.5

NerdWallet rating 

$2,190

4.5

NerdWallet rating 

$2,650

4.5

NerdWallet rating 

$3,000

4.5

NerdWallet rating 

Not available

More about the best home insurance companies in Kentucky

See more details about each company to help you decide which one is best for you.

insurance-product-card-logo

Chubb

5.0

NerdWallet rating 
Perks and high coverage limits for affluent homeowners.

Coverage options

More than average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected
insurance-product-card-logo

Chubb

5.0

NerdWallet rating 
Perks and high coverage limits for affluent homeowners.

Coverage options

More than average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected

Chubb generally serves affluent policyholders with high-value homes, offering lofty coverage limits and plenty of perks. For example, the company covers water damage from backed-up sewers and drains, and pays to bring your home up to the latest building codes during reconstruction after a claim. (Many insurers charge more for these types of coverage.)

Chubb policyholders may also be able to take advantage of the company’s HomeScan service, which uses infrared cameras to look for problems behind the walls of your home.


insurance-product-card-logo

Cincinnati Insurance

4.5

NerdWallet rating 
Sells homeowners policies through local independent agents across the U.S.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected
insurance-product-card-logo

Cincinnati Insurance

4.5

NerdWallet rating 
Sells homeowners policies through local independent agents across the U.S.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected

Cincinnati Insurance sells homeowners policies through independent agents, with various options for standard and high-value homes. You may be able to add coverage for things like identity theft, personal cyber attacks or certain types of water damage.

Cincinnati may offer you a discount for bundling home and auto insurance, having a newer home, installing a centrally monitored alarm system or going a certain amount of time without filing a claim.


insurance-product-card-logo

State Farm

4.5

NerdWallet rating 
Well-established insurer with a lengthy list of coverage options.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected
insurance-product-card-logo

State Farm

4.5

NerdWallet rating 
Well-established insurer with a lengthy list of coverage options.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected

State Farm is a great choice for homeowners who like to work directly with a company representative, as the company sells policies through a wide network of agents. And its attention to customer service has paid off; the company has fewer customer complaints to state regulators than expected for a company of its size, according to the National Association of Insurance Commissioners.

State Farm offers a free Ting device as a perk for home insurance policyholders. Ting is a smart plug that monitors your home’s electrical network to help prevent fires.


insurance-product-card-logo

Auto-Owners Insurance

4.5

NerdWallet rating 
Auto-Owners offers plenty of ways to customize your policy and save money on home insurance.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected
insurance-product-card-logo

Auto-Owners Insurance

4.5

NerdWallet rating 
Auto-Owners offers plenty of ways to customize your policy and save money on home insurance.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected

Based in Michigan, Auto-Owners has been in business for more than a century. Its homeowners policies include all the basics, but you can also add coverage for things like identity theft or the failure of major appliances. Guaranteed replacement cost coverage is another optional add-on, enabling you to rebuild your home after a total loss even if your dwelling coverage limit is too low.

Auto-Owners sells homeowners insurance through independent agents.


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Nationwide

4.5

NerdWallet rating 
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Close to expected
insurance-product-card-logo

Nationwide

4.5

NerdWallet rating 
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Close to expected

We like Nationwide for its wide variety of coverage options. For example, its standard homeowners insurance policy generally includes ordinance or law coverage, which can help pay to bring your home up to current building codes after a covered claim. You can add other coverage for things like identity theft and damage from backed-up sewers and drains.

Depending on how much personal assistance you need, you can get a quote for homeowners insurance on the Nationwide website or work with a local agent instead. You can also use the website to pay bills, file claims or check claim status.


insurance-product-card-logo

Erie

4.5

NerdWallet rating 
Best for homeowners who want to work with an agent.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected
insurance-product-card-logo

Erie

4.5

NerdWallet rating 
Best for homeowners who want to work with an agent.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected

In most states that it serves, Pennsylvania-based Erie offers guaranteed replacement cost for the structure of your home. With this coverage, the company will pay to rebuild your home completely after a disaster, even if the amount exceeds your dwelling limit.

Got a car to insure, too? If you bundle your home and auto insurance with Erie, you could get a discount of upwards of 16%. You may also be able to save if your home has certain safety and security features such as smoke alarms or sprinkler systems.

For more details, read our Erie home insurance review.


How much does homeowners insurance cost in Kentucky?

The average annual cost of home insurance in Kentucky is $2,370. That’s 30% more than the national average of $1,820.

In most U.S. states, including Kentucky, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.

In Kentucky, those with poor credit pay an average of $4,625 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s 95% more than those with good credit.

Average cost of homeowners insurance in Kentucky by city

How much you pay for home insurance in Kentucky will depend on your ZIP code. For example, the average cost of homeowners insurance in Louisville is $2,175 a year, while homeowners in Lexington pay an average of $1,830 per year.

City

Average annual rate

Average monthly rate

Ashland

$2,040

$170

Bowling Green

$2,235

$186

Covington

$1,845

$154

Elizabethtown

$2,010

$168

Florence

$1,755

$146

Frankfort

$1,850

$154

Ft. Mitchell

$1,785

$149

Georgetown

$1,800

$150

Henderson

$2,220

$185

Hopkinsville

$2,355

$196

Lexington

$1,830

$153

London

$2,575

$215

Louisville

$2,175

$181

Newport

$1,770

$148

Nicholasville

$1,885

$157

Owensboro

$2,035

$170

Paducah

$2,670

$223

Richmond

$1,910

$159

Somerset

$2,265

$189

Winchester

$1,830

$153

The cheapest home insurance in Kentucky

Here are the insurers we found with average annual rates below the Kentucky average of $2,370.

Company

NerdWallet star rating

Average annual rate

4.0

NerdWallet rating 

$1,560

4.5

NerdWallet rating 

$1,745

Westfield

4.0

NerdWallet rating 

$1,755

Not rated

$1,920

4.5

NerdWallet rating 

$2,190

What to know about Kentucky homeowners insurance

Several risks accompany homeownership in Kentucky, including tornadoes, hail and sinkholes. Here are factors to consider when purchasing your homeowners insurance.

Severe weather

Severe weather can take many forms and strike throughout the year. From winter storms and thunderstorms to destructive tornadoes, your home faces the risk of property damage from a variety of causes.

A typical homeowners insurance policy will cover much of the damage due to severe weather, including wind, hail, snow and lightning. However, you’ll want to review the policy for adequate coverage and any unexpected extra costs, such as a separate deductible for wind or hail. (A homeowners insurance deductible is the amount subtracted from your claim payout.)

For example, your policy may have a $1,000 deductible for most claims and a 1% deductible for wind claims. So if your house has $200,000 worth of dwelling coverage, you’d have to pay for the first $2,000 of wind damage yourself.

Flooding

Flooding can cause extensive damage, and standard homeowners insurance policies won’t cover it. When in doubt, consider purchasing separate flood insurance to protect your home from the damage that comes with flooding.

To find out if you’re at risk, put your address into the Federal Emergency Management Agency's flood maps or visit RiskFactor.com, a website from the nonprofit First Street Foundation. Even if your home isn’t in a high-risk location, you may still want to buy flood insurance for extra peace of mind.

Note that while you can get flood coverage anytime, there’s typically a 30-day waiting period before the insurance takes effect.

Fires

About 50% of the state consists of commercial forest land, and wildfires do occur from time to time, especially during periods of drought. Homeowners insurance will generally cover damage from wildfires or other types of fire. Check your policy to ensure your coverage limits are adequate, especially if you live in a wildfire-prone area.

Pay particular attention to your dwelling coverage limit, which is the amount an insurance company will pay to rebuild the structure of your house. Because a fire can destroy your home, you’ll want to make sure this amount is enough to rebuild from the ground up. Your insurance agent can help you set the right limit.

Sinkholes

Much of Kentucky is built on karst, a type of terrain that is responsible for the state's well-known caves — as well as the occasional sinkhole. A sinkhole can cause significant damage to your home, and standard homeowners policies often won’t cover it.

Kentucky cities built on karst include Louisville, Lexington, Frankfort and Bowling Green, according to the Kentucky Geological Survey

Kentucky Geological Survey. "Where Is Karst Located in Kentucky?". Accessed Jan 3, 2024.
. If you live in an affected area, it's smart to assess your risk and consider buying additional coverage to cover sinkholes.

The Kentucky Geological Survey’s website is an excellent resource for learning more about sinkholes and karst topography, including the risks of karst and how to identify potential sinkholes on your property.

Kentucky insurance department

The Kentucky Department of Insurance regulates the state’s insurance market and offers information for consumers. You can file a complaint against your insurance company with the agency online, by mail or by fax. If you need assistance, call the Kentucky Department of Insurance toll-free at 800-595-6053.

Looking for more insurance in Kentucky?

Amanda Shapland contributed to this story.

Frequently asked questions

Homeowners insurance is not legally required in Kentucky, but your mortgage lender may require you to buy it. For more information, read Is Homeowners Insurance Required?

Some Kentucky home insurance policies cover sinkholes. If yours doesn’t, you may be able to buy an optional sinkhole endorsement. Contact your agent if you’re confused about your coverage.

There are several ways to save money on homeowners insurance in Kentucky:

  • Shop around to make sure you’re getting the best rate.

  • Increase your deductible. In case of any claims, you’ll pay more out of pocket, but you’ll have lower premiums if you end up being incident free.

  • Bundle your home and auto insurance for an overall lower rate.

  • Ask your insurer if you qualify for any home insurance discounts.

Methodology

NerdWallet averaged rates for 40-year-old homeowners from various insurance companies in every ZIP code across the state. All rates are rounded to the nearest $5.

Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1984. They had a $1,000 deductible and the following coverage limits:

  • $300,000 in dwelling coverage.

  • $30,000 in other structures coverage.

  • $150,000 in personal property coverage.

  • $60,000 in loss of use coverage.

  • $300,000 in liability coverage.

  • $1,000 in medical payments coverage.

We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available.

We changed the credit tier from “good” to “poor,” as reported to the insurer, to see rates for homeowners with poor credit.

These are sample rates generated through Quadrant Information Services. Your own rates will be different.

Star rating methodology

NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts and online experience. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our full homeowners insurance rating methodology.

Complaint methodology

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2020-2022. To assess how insurers compare with one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

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