Who Has the Cheapest Homeowners Insurance Quotes In Kentucky?

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We evaluated homeowners insurance quotes for a sample 2,000 square foot home in 96 cities in the state of Kentucky in order to determine which cities had the highest and lowest annual home insurance costs. Based on this sample property, Kentucky homeowners pay on average $1,832 per year for home insurance. Home insurance prices in Kentucky vary by over 140% between the cities in our study. Below, we profile a few cities in the state of Kentucky. Read more about our findings, or use our quote tool above to find homeowners insurance quotes in your area.

Cheapest Home Insurance Companies in Kentucky

We gathered quotes for our sample home across 96 cities from State Farm, Allstate, and Nationwide. Quotes from each company were averaged to find which insurance companies had the best home insurance rates in Kentucky. The graph below shows the average annual costs to insure our sample home by company and the state average:

Best Home Insurance Companies in Kentucky

Best Homeowners Insurance Rates in Kentucky's Largest Cities

We evaluated homeowners insurance rates across the largest cities in Kentucky. Our study implemented control variables to gather quotes that can be compared to one another. On average, homeowners in the ten largest cities pay 15% less than the rest of the state on homeowners insurance. The cost for home insurance in the ten largest cities based on our study was an average of $1,563 per year.

Louisville, KY

Louisville is the largest city in the state of Kentucky and was founded in 1778. The city hosts more than 24 million visitors per year, which has an economic impact of approximately $1.6 billion. Louisville was named after King Louie XVI as a token of gratitude for France’s help during the Revolutionary War. Our study shows that the average cost of home insurance in Louisville is $1,503 per year, which is $329 less than the state average.

Nationwide offered the most affordable home insurance quote in Louisville at an annual cost of $1,118. State Farm, the most expensive insurer in the city, quoted our sample home an annual cost of $2,171, which is $1,053 greater than Nationwide’s quote. State Farm was the only insurer in Louisville that quoted a rate greater than the state average.

Cheapest and Best Homeowners Insurance Companies in Louisville, Kentucky

Lexington, KY

The second largest city in Kentucky, Lexington, is also known as the “Horse Capital of the World”. Lexington features over 400 horse farms in its surrounding area. The city is home to the Kentucky Horse Park which brings in approximately one million visitors per year. Residents of Lexington pay an average of $1,623 for homeowners insurance annually, which is 11% less than the state average.

The most affordable home insurance rate in the city was offered by Allstate at an annual cost of $1,256. The second most affordable rate was offered by State Farm at $1,406, which is $150 greater than Allstate’s quote. Nationwide, the least affordable insurer in the area, offered a quote of $2,207.

Best Homeowners Insurance Rates in Lexington

Bowling Green, KY

Bowling Green is the third largest city in the state of Kentucky. The city is conveniently located just 60 miles north of Nashville and 110 miles south of Louisville. Bowling Green is home to a few large companies including Fruit of the Loom and Camping World. Based on our research, the average homeowners insurance quote in the city is $1,535. Residents of Bowling Green pay 16% less for their homeowners insurance than the state mean.

State Farm was the only insurer in our sample that provided a quote that was greater than the state average. State Farm offered a quote at an annual cost of $2,120, which is $288 greater than the state average. The most affordable quote in the city was offered by Nationwide at an annual cost of $1,096.

Quotes from Bowling Green's Best Home Insurance Companies

Owensboro, KY

Owensboro is the fourth most populous city in the state of Kentucky. The city is located south of the Ohio River and near the Kentucky-Indiana border. Owensboro recently initiated a $270 million Downtown Revitalization plan, which will include the construction of a convention center, a couple of hotels, and more. The average annual homeowners insurance quote in Owensboro is $1,806 per year, which is just 1% less than the state mean.

If you’re looking for affordable home insurance rates in Owensboro, we suggest starting with Allstate, which quoted our sample home a cost of $1,527 annually. State Farm offered the least affordable rate at $2,161 per year, which is $634 greater than the quote offered by Allstate. Based on our research, Owensboro ranks near the middle of the best cities for home insurance in the state of Kentucky.

Owensboro’s Best Home Insurance Companies

Covington, KY

Covington is the fifth largest city in the state of Kentucky. The city is well known for its historic areas, such as Wallace Woods and Licking-Riverside. Covington is approximately a ten minute drive from downtown Cincinnati. The mean home insurance rate in Covington is $1,154, which is $679 less than the state mean.

Nationwide quoted the least expensive rate in Covington at $832 annually. That is $704 less than State Farm’s quote of $1,536. State Farm is the least affordable insurer in the city. That said, Covington ranks as the most affordable city for home insurance in the state of Kentucky. Residents can expect to pay 37% less than the state average.

Best Cheap Home Insurance Companies in Covington

Hopkinsville, KY

Hopkinsville is the sixth most populous city in the state of Kentucky. The city was the “point of greatest eclipse” during the 2017 total solar eclipse. This means that out of all the locations in the country, Hopkinsville experienced the longest time period of totality. Residents of Hopkinsville pay an average home insurance cost of $1,876 based on our study.

Nationwide offered the lowest home insurance quote in Hopkinsville at a rate of $1,542 per year. The second most affordable insurer in the area, State Farm, offered a quote of $1,683, which is $140 more than Nationwide’s quote. Residents of Hopkinsville pay 2% more on average for their home insurance than the state mean.

Cheapest and Best Homeowners Insurance Companies in Hopkinsville

Richmond, KY

Richmond is the seventh largest city in the state of Kentucky. The city has deep ties to American history. Many battles have been fought in Richmond, most notably, the Battle of Richmond during the Civil War. Our research found that the average home insurance premium in Richmond was $1,573, which is $259 less than the average in the state of Kentucky.

Based on our study, Allstate has the most affordable rates in the city of Richmond. Allstate offered a quote of $1,263, which is $476 cheaper than the rate of $1,739 offered by State Farm. State Farm quoted the least affordable rate in Richmond.

Best Homeowners Insurance Rates in Richmond

Florence, KY

Florence, the eighth most populous city in Kentucky, is located approximately 13 miles southwest of Cincinnati. The city is home to over 2,500 businesses ranging in industry from manufacturing to agriculture. The city has been able to grow to its current size in part due to its proximity to Interstate 75 and Interstate 275. On average, residents of Florence pay $163 less for their home insurance than the rest of the state.

Allstate offered the lowest quote from the insurance companies sampled at an annual cost of $943. The next most affordable home insurance quote was given by State Farm at $1,377, which represents a $434 increase from the quote offered by Allstate. Nationwide offered the only quote in Florence that was greater than the state average at an annual cost of $2,687.

Quotes from Florence's Cheapest and Best Home Insurance Companies

Georgetown, KY

Georgetown is the ninth largest city in the state of Kentucky. The city is located just south of the North Elkhom Creek. Georgetown is home to over 200 buildings that are listed on the National Register of Historic Places. The city also features tons of outdoor activities thanks to its proximity to Scott County Park. Residents of Georgetown pay an average of $1,374 a year for home insurance.

Allstate offered the most affordable quote in the city at an annual cost of $1,332. The second most affordable homeowners insurance quote gathered was offered by State Farm at $1,354. Georgetown ranks as the fifth most affordable city for homeowners insurance in the state of Kentucky. Residents pay $458 less than the state mean.

Best Home Insurance Companies in Georgetown

Henderson, KY

Henderson, the state’s tenth largest city, originally had an economy that was based on agriculture. While Henderson is still home to a large amount of farm production, the city now also produces oil and coal. Henderson has an average annual home insurance cost of $1,517, which is $315 less than the state average.

Allstate quoted the cheapest home insurance rate in the area at $952. State Farm offered the most expensive home insurance quote at $1,856, which is $904 greater than the quote offered by Allstate. Henderson ranked as the 14th most affordable city for home insurance of the 96 cities in our study.

Best Cheap Home Insurance Companies in Henderson

Least Expensive Homeowners Insurance in Kentucky: by City

The graph below shows the five best cities for home insurance of all 96 cities which were part of this study. The cities are listed in order of mean price starting with the lowest average home insurance quote and ascending. Covington is the cheapest city in Kentucky for homeowners insurance based on our study. Residents pay $1,154 annually on average, which is $679 lower than the state average.

Top 5 Best Cities in Kentucky for Homeowners Insurance

Covington, KY

According to our study, Covington is the most affordable city in the state of Kentucky for homeowners insurance. On average, residents pay 37% less for their homeowners insurance policy when compared to the state mean. All quotes gathered in Covington were less than the state mean.

Ashland, KY

Ashland offers the second most affordable homeowners insurance rates in the state of Kentucky. The mean home insurance quote in the city was $1,286, which is 30% cheaper than the state average. The most affordable quote in Ashland was offered by Nationwide at $1,081 annually.

Frankfort, KY

Frankfort ranks as the third least expensive city in Kentucky for homeowners insurance. The average home insurance quote gathered for the city of Frankfort was $1,300, which is $532 less than the state mean. On a percentage basis, this represents a 29% discount.

Cynthiana, KY

Cynthiana offers the fourth most affordable home insurance rates in the state of Kentucky. Residents pay on average $1,355 per year, which is $477 less than the state average. The lowest rate in the city was offered by Nationwide at $904.

Georgetown, KY

Georgetown is ranked the fifth least expensive city in Kentucky for home insurance. On average, residents pay $1,374 for home insurance, which represents a 25% lower rate when compared to the state mean. On an annual basis, residents save $458 on homeowners insurance versus the state average.

Most Expensive Homeowners Insurance in Kentucky: by City

The graph below shows the five most expensive places of all 96 cities which were part of this study. The cities are listed in order of price starting with the highest average rate and descending. The figures listed represent the average home insurance rate in each city based on our study. The most expensive city for homeowners insurance was Providence where our research found an average annual rate of $2,791, which is $959 greater than the state average.

Top 5 Most Expensive Cities in Kentucky for Homeowners Insurance

Methodology

We studied 96 cities, spread out geographically all throughout the state of Kentucky. The sample home we looked at was built in the year 2000 and had 2,000 square feet. The property cost $200,000 and had an attached garage. Quotes for this home were obtained from State Farm, Allstate, and Nationwide insurance companies. The rates were then averaged to arrive at a mean for each city. To see an alphabetical list of all the cities included in the comparison analysis, please see below. We've displayed all cities from Albany to Winchester with the average annual cost of insurance for the benchmark property and how much each city costs relative to the statewide average.

RankCityAverage Insurance RateCost Compared to Average
78Albany$2,06113%
2Ashland1,286-30%
26Barbourville1,577-14%
25Bardstown1,577-14%
30Bedford1,638-11%
65Benton1,9144%
18Bowling Green1,535-16%
19Brandenburg1,537-16%
38Brooksville1,702-7%
28Burkesville1,591-13%
83Cadiz2,13917%
48Calhoun1,817-1%
54Calvert City1,8672%
36Campbellsville1,682-8%
50Clay City1,820-1%
41Columbia1,744-5%
66Corbin1,9185%
1Covington1,154-37%
4Cynthiana1,355-26%
37Danville1,697-7%
70Dawson Springs1,9587%
88Eddyville2,28625%
80Elizabethtown2,10015%
61Eminence1,8903%
6Falmouth1,375-25%
32Florence1,669-9%
3Frankfort1,300-29%
56Franklin1,8732%
5Georgetown1,374-25%
86Glasgow2,24322%
68Grayson1,9527%
44Greensburg1,796-2%
16Harlan1,530-17%
8Harrodsburg1,429-22%
62Hartford1,8933%
52Hawesville1,8662%
40Hazard1,729-6%
14Henderson1,517-17%
71Hindman1,9607%
51Hodgenville1,8511%
57Hopkinsville1,8762%
81Horse Cave2,11115%
85Irvine2,17519%
73Jackson1,9838%
64Jamestown1,9114%
84La Center2,14117%
89Lagrange2,42532%
34Lancaster1,675-9%
10Lawrenceburg1,486-19%
60Lebanon1,8893%
79Leitchfield2,08014%
29Lexington1,623-11%
59Liberty1,8843%
43London1,778-3%
77Louisa2,04712%
12Louisville1,503-18%
93Madisonville2,61443%
92Marion2,56940%
9Maysville1,431-22%
35Middlesborough1,679-8%
39Monticello1,707-7%
72Morehead1,9768%
58Morganfield1,8823%
27Mt Sterling1,588-13%
63Murray1,8943%
33Nicholasville1,670-9%
45Owensboro1,806-1%
13Owenton1,515-17%
69Paducah1,9587%
91Paintsville2,48536%
22Pikeville1,554-15%
47Prestonsburg1,810-1%
94Princeton2,61543%
96Providence2,79152%
24Richmond1,573-14%
67Russell Springs1,9195%
95Russellville2,71548%
76Salyersville2,04412%
82Scottsville2,13517%
87Sebree2,28425%
46Shelbyville1,806-1%
42Shepherdsville1,764-4%
90Smithland2,45934%
31Somerset1,656-10%
74Springfield2,02911%
53Stanford1,8662%
75Sturgis2,03811%
49Taylorsville1,818-1%
55Tompkinsville1,8682%
23Vanceburg1,565-15%
21Versailles1,549-15%
17Warsaw1,533-16%
20Whitesburg1,537-16%
11Whitley City1,502-18%
15Williamstown1,529-17%
7Winchester1,377-25%

Sources:

Kentucky Census Data

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