Best and Cheapest Home Companies in Kentucky

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

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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.

Most affordable home insurance options in Kentucky

Compare Home Insurance Quotes in Kentucky

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The average cost of home insurance in Kentucky is $1,570, which is around 4% higher than the national average of $1,516.

Company
Annual cost
Cincinnati Insurance logo
Cincinnati Financial$693
Allstate logo
Allstate$848
State Farm logo
State Farm$1,345
Travelers logo
Travelers$1,598
State Auto logo
State Auto$1,708
Farm Bureau logo
Farm Bureau$1,878
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Best for most people: Cincinnati Financial

Cincinnati's affordable rates and quality customer service make it the best home insurance company for most Kentucky residents.
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The good:

  • Great customer service
  • Most affordable rate
  • Local agents

The bad:

  • Few discounts
  • No online quotes

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

State Farm's online tools are convenient, and its home insurance rates are cheaper than average.
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The good:

  • Convenient online tools
  • Great customer service

The bad:

  • Not the cheapest
  • Limited customization

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

Farm Bureau offers the best customer service in Kentucky, as well as customizable policies.
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The good:

  • Great customer service
  • Online quotes
  • Helpful website

The bad:

  • Limited discounts
  • More expensive than average

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

USAA has excellent customer service and great home insurance rates, plus special perks for active-duty soldiers.
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The good:

  • Military-specific coverage
  • Great customer service

The bad:

  • Only available for military personnel
  • No rate information available

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$1,6193%
Adairville$1,6133%
Adams$1,97226%
Adolphus$1,6072%
Ages Brookside$1,88620%
Show All Rows

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
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.

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.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.