Kentucky residents know that the state’s weather can pose serious threats to homes. Because of this, finding the best home insurance in Kentucky may be a top priority for many homeowners. Reviews.com researched the Kentucky home insurance market to help you choose a company that fits your needs and budget.
The 4 Best Homeowners Insurance Companies in Kentucky
To find the best homeowners insurance companies in Kentucky, we started by analyzing average premium information from Bankrate.com for 2021. Then, we looked at each company’s coverages, discounts, and third-party ratings. Based on our research, these are the top four home insurance companies in the Bluegrass State:
- Auto-Owners: Best for Discounts
- Cincinnati Insurance: Best for Low Rates
- State Farm: Best for Local Agents
- USAA: Best for Military-Centric Options
Compare the Best Home Insurance Companies in Kentucky
While these Kentucky home insurance companies rose to the top based on our ranking methodology, keep in mind that the best carrier for you will be determined by your individual rating factors, wants, and needs. Shopping around is often the best way to find the right home insurance company for you.
| Average Annual Premium* | AM Best AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim. | J.D. Power** J.D. Power scores are based on surveys for customer satisfaction and product quality. | ||
|---|---|---|---|---|
| Pin Auto-Owners | $1,523 | A++ | 831/1,000 | |
| Pin Cincinnati Insurance | $965 | A+ | N/A | |
| Pin State Farm | $2,033 | A++ | 835/1,000 | |
| Pin USAA | $1,100 | A++ | 882/1,000** |
Information accurate as of June 2022
*2021 premium data provided by Bankrate.com, based on $250,000 in dwelling coverage**J.D. Power’s 2021 U.S. Home Insurance Study. Based on a 1,000-point scale. USAA does not qualify for official ranking due to eligibility restrictions.
Best for Discounts
WHY WE CHOSE IT
Why we chose it
Pros
- Numerous discounts available
- Several coverage options offered
- High third-party scores
Cons
- Fewer digital tools than some competitors
- No online quote option
- Not available in all states
TYPES OF COVERAGE OFFERED
- Renters
- Auto
- Business
- Life
STANDOUT DISCOUNTS AVAILABLE
- Payment history
- Green (paperless)
- Water shut-off system
- Mortgage-free
Best for Low Rates
WHY WE CHOSE IT
Why we chose it
Pros
- Low average rates
- Several endorsements available
- Offers options for high-value homes
Cons
- No J.D. Power rating
- No online quotes
- Not available in all states
TYPES OF COVERAGE OFFERED
- Auto
- Life
- Personal articles
- Umbrella
STANDOUT DISCOUNTS AVAILABLE
- Multi-policy
- Newer home
- Home alarm
- Claim-free
Best for Local Agents
WHY WE CHOSE IT
Why we chose it
Pros
- Superior AM Best financial strength
- Above-average customer satisfaction
- Local agencies available
Cons
- Highest premium on our list
- Few discounts offered
TYPES OF COVERAGE OFFERED
- Condo
- Farm and ranch
- Auto
- Motorhome
STANDOUT DISCOUNTS AVAILABLE
- Home security
- Multi-policy
- Roofing materials
Best for Military-Centric Options
WHY WE CHOSE IT
Why we chose it
Pros
- Low average premium
- High J.D. Power and AM Best scores
- Coverage options tailored to military needs
Cons
- Coverage restricted to military members, veterans, and qualifying family
- Few local office branches
- Only a few discounts
TYPES OF COVERAGE OFFERED
- Auto
- Boat
- Aircraft
- Landlord
STANDOUT DISCOUNTS AVAILABLE
- Bundling
- Claims-free
- Protective device
*2021 premium data provided by Bankrate.com, based on $250,000 in dwelling coverage
**J.D. Power’s 2021 U.S. Home Insurance Study. Based on a 1,000-point scale. USAA does not qualify for official ranking due to eligibility restrictions.
The Average Cost of Home Insurance in Kentucky
According to 2021 data from Bankrate.com, the average Kentucky resident pays $1,839 per year for a home insurance policy with $250,000 in dwelling coverage. With the national average at $1,312, Kentucky homeowners can expect to pay more than homeowners in other parts of the country. This is likely due to the higher risk of weather-related damage in Kentucky.
Top 3 Cheapest Home Insurance Companies in Kentucky
| Home Insurance Company | Average Annual Premium* |
| Cincinnati Insurance | $965 |
| USAA | $1,100 |
| Auto-Owners | $1,523 |
*Data from Bankrate.com
Top 3 Most Expensive Home Insurance Companies in Kentucky
| Home Insurance Company | Average Annual Premium* |
| Grange | $4,014 |
| Allstate | $2,710 |
| Kentucky Farm Bureau | $2,464 |
*Data from Bankrate.com
Key Things to Know About Home Insurance in Kentucky
Kentucky is home to severe summer storms, and homeowners should be prepared to act quickly should disaster strike. In fact, four of the top 10 costliest storms involving tornadoes hit Kentucky. The state ranked seventh in the nation in 2021 for the number of twisters. One tornado stayed on the ground for an incredible 165 miles. Wind damage is included in most standard home insurance policies, but talking to your agent and learning how to fortify your home against tornadic activity could be a wise measure.
Home Insurance Coverage Options
In addition to the standard coverages that come with home insurance, such as coverage for your dwelling and personal property, Kentucky homeowners may want to seek out add-ons that will further bolster their financial protection.
For example, you may want to consider water backup coverage, which can pay for the damages caused by sewer or drain line backups. Identity theft protection is another commonly offered endorsement that can help protect your finances. Kentucky homeowners, in particular, may want to consider flood insurance, which is generally sold as a separate policy. Flood damage is not covered by standard home insurance policies, so knowing your risk and considering buying a flood policy before damage happens could give you peace of mind.
Frequently Asked Questions
Methodology
We evaluated the companies based on their third-party agency ratings for customer experience, financial stability, and coverage options to determine which might be the best providers.
To compare home insurance companies across the board, we considered the following factors:
- Customer Ratings — Customer ratings are an indication of satisfaction with the overall experience with a company. We measured this using 2021 J.D. Power Home Insurance Study ratings.
- Coverage — As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options and add-ons available.
- Confidence — It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength ratings indicate a positive history of being able to pay out claims. We measured this using AM Best ratings.
- Customer Experience — The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the National Association of Insurance Companies National Complaint Index.
Rates are based on 2021 quoted annual premiums from Bankrate.com. These are sample rates and should be used for comparative purposes only. Your quotes may be different.
The coverage limits for home insurance rates reflect the following coverage and limits:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
About the Authors
Cate Deventer is a writer and licensed insurance agent. She has a Bachelor’s degree in theatre and is currently pursuing a degree in English with a concentration in professional and technical writing from Indiana University East. Her work has been featured on Reviews.com and Bankrate.com, and she’s passionate about helping people take charge of their finances. In her free time, she likes to read thrillers and sci-fi novels, garden, and toss tennis balls for her dog.
