The average home insurance premium in Louisville is $2,973 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible. While Kentucky law doesn’t require homeowners insurance like it does for auto insurance, it’s a good investment for many homeowners.

Louisville is susceptible to extreme weather, like windstorms and tornadoes, which most standard home insurance policies cover. But adding a separate flood insurance policy might be a good idea for homeowners in flood-prone areas of the city.

Here’s what you need to know about finding the best homeowners insurance in Louisville.

Best home insurance companies in Louisville

Many reputable home insurance companies insure properties in Louisville. The best home insurance company for you depends on your specific situation, coverage needs, and budget. Here are some of the top home insurance companies in Louisville and what they stand out for.

Best company for military families: USAA

Best company for low premiums: Westfield

Best company for comprehensive coverage: Grange

Cheapest home insurance companies in Louisville

Westfield is the cheapest home insurance company in Louisville, with an average premium of $1,375 for a policy with $300,000 in dwelling coverage. Here are some other cheap home insurance companies in Louisville and their average annual premiums.

How much is home insurance in Louisville?

The average cost of home insurance in Louisville is $2,973 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible. The average homeowner pays about $248 per month for home insurance.

Home insurance premiums are personalized for each homeowner. Insurers consider a variety of factors when setting premiums, including your ZIP code, the age of your home, the building materials used, and the type of home insurance you get.1

Cost of home insurance by dwelling coverage in Kentucky

Dwelling insurance is the portion of your home insurance policy that covers damage to the physical structure of your home and attached structures. Higher dwelling coverage limits will result in higher premiums, and lower dwelling coverage limits will have lower premiums.

Below, you can see the average home insurance premium in Kentucky for several different dwelling coverage limits.

Cost of homeowners insurance by deductible amount

Most home insurance policies have a deductible, which is the amount you’re responsible for paying out of pocket when you have a covered loss. You pay the deductible each time you file a claim.2

Your deductible directly affects the total cost of your insurance policy. Choosing a higher deductible will result in a lower annual premium, and a lower deductible will have a higher premium.

The following table shows the average home insurance premium for two deductible amounts.

Average cost of home insurance in other cities in Kentucky

Different cities in Kentucky, as well as different ZIP codes within the same city, can have different home insurance premiums. Factors like the number of residential break-ins, extreme weather events, and distance to a fire station can affect rates in a specific area.

Below are the average home insurance premiums in several Kentucky cities for a $300,000 policy with a $1,000 deductible.

What to know about owning a home in Louisville

If you own a home in Louisville or are thinking about buying one, it’s important to consider what home insurance covers, especially when it comes to the weather.

Recently, multiple tornadoes and extreme flooding hit Louisville, causing significant damage to residential homes and commercial buildings. While standard home insurance typically covers tornadoes, flooding is usually an excluded peril.

Buying a separate flood insurance policy can help protect your home and personal property from potential flood damage. You can get flood insurance through the government-backed National Flood Insurance Program (NFIP) or a private flood insurer.

Additionally, the Louisville metro area has a fairly high rate of break-ins. According to 2019 FBI data, the most recent year for which data is available, there were 26,287 property crimes and 4,316 burglaries in the area that year.3

If someone breaks into your home, a standard homeowners policy will pay to replace your stolen personal items and fix structural damage, like a broken window. But if you keep expensive items in your home, you might consider adding scheduled personal property coverage for valuable asset protection.4