Home insurance in Kentucky costs $3,021 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible, according to Insurify data. This is slightly higher than the national average of $2,529 per year for the same coverage.

Fortunately, you can lock in affordable coverage from a number of homeowners insurance companies.

Depending on where you live in Kentucky, it might make sense to buy flood insurance, as flooding is the most frequent natural disaster in the state. Here’s what you need to know about comparing quotes and finding home insurance in the Bluegrass State.

Best home insurance companies in Kentucky

Several of the best homeowners insurance companies offer homeowners insurance in Kentucky. Your budget, specific needs, and preferences will determine the best home insurance company for you.

Here’s a look at four of the top home insurers in Kentucky to help you start your search.

Cheapest rates: Westfield

Best insurer for green homes: Travelers

Best insurer for personalized customer service: Cincinnati Insurance

Best insurer for new homeowners: Allstate

Cheapest home insurance in Kentucky

If you’re interested in the cheapest home insurance in Kentucky, Westfield is a solid choice. On average, Westfield customers pay $146 per month for $300,000 in dwelling coverage. Since many home insurers charge annual premiums of $2,000 and up, that’s a great deal.

The table below lists the cheapest homeowners insurance companies in Kentucky.

Cost of homeowners insurance in Kentucky

Average annual home insurance premiums in Kentucky range between $1,313 and $5,666. The rates you receive will depend on various factors, including your ZIP code, the age and size of your home, your deductible, your prior home insurance claims, the cost of materials and construction, and more.

Cost of homeowners insurance by dwelling coverage amount

As a Kentucky homeowner, you’ll want to make sure you have enough dwelling coverage to rebuild your home if it sustains property damage from a covered loss. Factors like your home’s age, square footage, number of stories, and architectural style all help determine the ideal dwelling coverage amount. The higher coverage level you choose, the more expensive your home insurance costs will be.

Here’s a look at how various dwelling coverage levels in the state of Kentucky can affect your monthly homeowners insurance rates. Premiums shown are for policies with a $1,000 deductible.

Cost of homeowners insurance by deductible

Your home insurance deductible refers to your out-of-pocket costs for a covered claim before your home insurance policy takes effect and covers the remaining amount. You can save on home insurance premiums by choosing a higher deductible because you’re taking on more up-front risk yourself. But if you opt for a higher deductible, you’ll need to budget for higher out-of-pocket fees if you file a claim.

The table below shows how your deductible amount can influence your annual home insurance premium in Kentucky. Here, you can see rates for $300,000 in dwelling coverage.

How to get cheap homeowners insurance in Kentucky

Your home insurance rates depend on a number of factors, some of which are outside your control. Fortunately, you can reduce your rates by employing these strategies:

• Shop around. Get homeowners insurance quotes from at least three different home insurance companies. Compare premiums, coverage options, add-ons, and reviews to find the best deal for you.

• Search for discounts. Most homeowners insurance companies offer discounts to Kentucky property owners. Take advantage of discounts, such as a green-home discount, loyalty discount, and multi-policy discount, to lower your rate.

• Bundle to save. If you have another insurance policy, like auto insurance or boat insurance, bundle it with your homeowners insurance. Many home insurers reward customers who bundle multiple policies.

• Secure your home. Some home insurers will offer a discount if you invest in safety features, such as deadbolt locks, burglar alarms, and smoke detectors. A more secure home can lead to more competitive rates.

• Adjust your policy. It’s important to only pay for the home insurance coverage you need. Get rid of any add-ons or home insurance coverage options that don’t make sense for your particular property and circumstances.

How much homeowners insurance do you need in Kentucky?

Home insurance coverage isn’t required in Kentucky, but if you have a mortgage, your lender may require you to purchase it. 

Before you move forward with home insurance in the Bluegrass State, carefully review your insurance policy terms and make sure you know exactly what your policy covers. This can help you avoid hidden fees and unexpected expenses in the future.

What are some of the biggest risks when owning a home in Kentucky? 

As a Kentucky resident, you should prepare yourself for a few risks that may affect your home, including: