Best and Cheapest Home Companies in Kentucky
Cincinnati Financial has Kentucky's cheapest home insurance, with an average rate of $693 per year.
Compare Home Insurance Quotes from Companies in Kentucky
Home insurance in Kentucky costs an average of $1,570 per year, but cost is only one of several major factors that determine the best home insurance policy for you. We collected thousands of quotes across hundreds of ZIP codes from Kentucky's top home insurance companies to help you compare their customer service, rates, reliability and coverage benefits.
Best cheap home insurance in Kentucky
Cheapest home insurance quotes in Kentucky
Cincinnati Financial has the cheapest insurance rate in Kentucky at $693 per year, 56% below the state average.
Compare Home Insurance Quotes in Kentucky
The average cost of home insurance in Kentucky is $1,570, which is around 4% higher than the national average of $1,516.
Cheap annual home insurance in Kentucky
Company | Annual cost | |
|---|---|---|
| Cincinnati Financial | $693 |
| Allstate | $848 |
| State Farm | $1,345 |
| Travelers | $1,598 |
| State Auto | $1,708 |
| Farm Bureau | $1,878 |
Best for most people: Cincinnati Financial
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Editor rating
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Annual rate
$693 ?
Pros and cons
Cincinnati Financial home insurance rates average $693 per year, 56% cheaper than the state average. The insurer also has some of the best customer service in Kentucky.
Cincinnati's basic policy includes dwelling, liability and living expenses, in case your home is temporarily uninhabitable. You can also pay for optional add-ons such as identity theft and golf cart protection, and all homeowner policies are eligible for an upgrade for earthquake coverage.
While it doesn't offer many discounts, Cincinnati's policies are much cheaper than any competitors in the state.
Cincinnati's website and mobile app don't offer online quotes, but you can do basic account management like pay your bills or make a claim.
If having a great mobile experience is very important to you, Cincinnati might not be ideal. But if you are looking for cheap rates, good coverage and local service, Cincinnati is an excellent choice.
Best home insurance for online tools: State Farm
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Editor rating
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Annual rate
$1,345 ?
Pros and cons
State Farm offers home insurance for $1,345 per year, which is 11% cheaper than the state average. State Farm also offers significant bundling discounts for multiple policies. Farmers and ranchers could get an even more affordable rate for bundling commercial coverage with home insurance.
State Farm offers online quotes and convenient online tools to manage your account. State Farm's website also lets you file a claim, pay bills and manage your policy on your computer or smartphone.
Their app also allows you to track where in the claims process you are, as well as pull up proof of insurance on your phone and add it to your Apple Wallet if you want to keep it with you. With a nearly perfect score on both Apple and Android, customers love State Farm's app, saying that it is easy to use and doesn't have any bugs, in contrast to some apps from competitors.
Best customer service: Farm Bureau
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Editor rating
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Annual rate
$1,878 ?
Pros and cons
Farm Bureau has the best customer service in Kentucky, providing easy and fast quoting tools, along with online payments and claim filing. Additionally, the company's website has clear and easy-to-understand coverage options to help you make sure your plan offers specific coverage features.
Farm Bureau has home insurance policies for $1,878. While its rate is almost 20% higher than the state average, Farm Bureau has excellent customer service scores in Kentucky.
If you want to keep all your insurance policies with the same company, Farm Bureau can cover your home and car but also offers policies that are harder to find, such as:
- Mobile home
- Farm
- Church
- Boat
- Earthquake
- Life
- Flood
- Commercial property
However, Farm Bureau offers only a few discounts for home insurance policies, the most noteworthy being 20% off your annual premium for bundling with car insurance. And you'll typically have to pay a small annual fee to become a Farm Bureau member.
Best home insurance for military families: USAA
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Editor rating
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Annual rate
N/A ?
Pros and cons
USAA provides the best option for home insurance for military personnel and their families, due to fair prices, unique benefits for military members and exceptional customer service.
USAA provides coverage for policyholders worldwide, even when customers are on active duty in war zones, which is a unique and useful coverage for military service members. For example, you'll get coverage for military uniforms and equipment in case of damage taken on duty. USAA policies always include full replacement cost coverage, insuring your items for the value you paid for them without depreciation.
Additionally, USAA has excellent customer service and strong online tools to help you file online claims, get fast online quotes or pay bills online. Overall, if you are a military member or direct family member, USAA is an excellent choice for home insurance.
Kentucky home insurance rate breakdown by city
The town of Dayton has Kentucky's cheapest home insurance rate at $1,049 per year, while Rowdy has the most expensive rate of $2,198.
Louisville, the most populated city in Kentucky, has an average rate of $1,421, which is 10% cheaper than the state average. Lexington, the second-largest city, has an average rate of $1,114 per year, which is 29% lower than the state average.
City | Average annual cost | Difference from state average |
|---|---|---|
| Aberdeen | $1,619 | 3% |
| Adairville | $1,613 | 3% |
| Adams | $1,972 | 26% |
| Adolphus | $1,607 | 2% |
| Ages Brookside | $1,886 | 20% |
Best home insurance companies in Kentucky
Cincinnati Financial and Farm Bureau offer the best customer service for home insurance in Kentucky.
Both Cincinnati Financial and Farm Bureau receive their high scores for providing cheap rates, good coverage and strong customer support.
Auto-Owners and State Farm also have strong customer service ratings in the state and affordable rates.
Company |
Rating
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|---|---|
| Cincinnati Financial | |
| Farm Bureau | |
| Auto-Owners | |
| USAA | |
| State Farm | |
| State Auto | |
| Travelers | |
| Allstate | |
| AAA |
Most common home risks in Kentucky: Tornadoes and earthquakes
As a landlocked state in the south-central United States, Kentucky does not face as many perils as some states that lie along the coast or that frequently experience wildfires. However, it does experience severe weather and natural disasters like tornadoes and earthquakes.
Tornadoes
Kentucky had 63 tornadoes in 2021 — resulting in around $1.6 million in damage. Tornadoes and other windstorms are among the most common causes of homeowners insurance claims.
The good news is wind damage is one of the named perils that appear on most homeowners insurance policies, so it's almost always covered by insurance.
Earthquakes
Earthquakes are not as common in Kentucky as they are along the Pacific coast of the U.S., but they do happen — especially in cities like Paducah, along the New Madrid fault line.
Unfortunately, earthquake damage is almost never covered by homeowners insurance without special earthquake coverage.
Insurance companies often have earthquakes listed as a named exclusion, meaning that they are not responsible for covering any damage caused by an earthquake. You'd need to buy a separate earthquake insurance policy if you want coverage for earthquake damage.
Frequently asked questions
How much is home insurance in Kentucky?
The average cost of homeowners insurance in Kentucky is $1,570 per year, or $131 a month. That's around 4% higher than the national average cost of home insurance, which is $1,516.
Who has the cheapest home insurance in Kentucky?
Cincinnati Financial has the cheapest home insurance rate in Kentucky at around $58 a month, which is 56% cheaper than the state average of $131.
Who has the best home insurance in Kentucky?
Cincinnati Financial has the best home insurance for most homeowners in Kentucky due to its affordable rates and great customer service.
Should homeowners in Kentucky buy earthquake insurance?
Earthquake coverage can be very expensive — often over $1,000 in states with higher risk. Because of the number of earthquakes Kentucky has every year, it's often a good idea to buy earthquake protection for your home.
Methodology
To compare the rates of Kentucky's largest home insurance companies, we analyzed quotes from every ZIP code in Kentucky. We used a profile for a property insured for $141,000 and built in 1980, to reflect the median value and age of homes in Kentucky.
ValuePenguin's analysis used insurance rate data from Quadrant Information Services, which was publicly sourced from insurance filings. These quotes should only be used for comparative purposes.
Home insurance ratings are based on complaint data from the National Association of Insurance Commissioners (NAIC), as well as the J.D. Power customer satisfaction survey and ValuePenguin's own editorial ratings.
Tornado and storm information and data were sourced from the National Oceanic and Atmospheric Administration and the National Centers for Environmental Information.