Kentucky Homeowners Insurance

Kentucky homeowners insurance will cover basic damages. However, since Kentucky is prone to extreme weather, homeowners should consider adding on additional coverages.

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UPDATED: May 18, 2022

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Written By: Chris TepedinoReviewed By: Laura WalkerUPDATED: May 18, 2022Fact Checked

The Rundown:

  • Homeowners insurance in Kentucky costs an average of $1,172 a year
  • Comparing Kentucky home insurance quotes online can help reduce costs
  • Kentucky experiences extreme storms and earthquakes, which not all basic policies cover 

Home insurance is one of the most important purchases you’ll make after buying a home. Kentucky homeowner’s insurance protects you from damaging financial losses if your home gets damaged or destroyed by an incident your insurance company covers. 

If you want to learn more about Kentucky homeowners insurance, you’ve come to the right place. Read on to learn more about basic homeowners insurance in Kentucky, additional coverages you should consider, and more. 

Kentucky Homeowners Insurance

The basics of homeowners insurance are the same regardless of where you live. However, some things vary by state, like monthly rates and additional coverages.

For instance, if you live in a state that frequently floods, you’ll need to add flood insurance to your homeowner’s policy. Below we’ve outlined average Kentucky homeowners insurance rates, basic coverages of homeowners insurance, and additional coverages you should consider. 

Average Home Insurance Rates in Kentucky 

According to the latest report from the National Association of Insurance Commissioners (NAIC), the average annual rate for home insurance is $1,172 in Kentucky, or $97 a month.

Overall, Kentucky’s average premium ranks 29th in the U.S. The average rate for homeowners insurance in the U.S. is $1,272, slightly more than Kentucky’s average.

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Basic Home Insurance Coverages 

Generally, home insurance policies cover your main dwelling, any structures on your property, personal property, and loss of use. We’ve explained each of these categories below:

  • Dwelling. Dwelling coverage protects your home’s structure, from the roof to the electrical. For example, dwelling coverage will pay for repairs if a tree damages your roof.  
  • Other structures. Other structures are anything not attached to your home. Examples include fences, separate garages, a guest house, and so on.
  • Personal property. Anything inside your home is personal property, such as jewelry, furniture, electronics, etc. Most basic policies don’t provide enough coverage for your personal property’s value, so you could consider a higher limit. 
  • Loss of use. If a covered incident forces you to stay somewhere besides your home, loss of use covers the cost of a hotel or apartment. If only part of your home is unusable, you could still get partial reimbursement for the interruption.
  • Liability coverage. Home insurance will pay for the medical bills if someone gets injured on your property.

Even though a basic policy covers numerous expenses, the total value of your home and property may still not have full coverage. Buy a coverage amount that will prevent you from suffering financial losses in the event of a claim.

Additional Home Insurance Coverages 

When picking the right Kentucky homeowners insurance, consider what coverages you need. Almost all homeowners insurance policies include basic coverages, but you may want additional coverage depending on where you live.

Below is a list of additional coverages you can add to your homeowners insurance. 

  • Flood insurance
  • Earthquake insurance
  • Personal umbrella liability, which pays additional costs not covered by your basic policy

Kentucky is prone to several natural disasters you should consider when buying a home insurance policy, which we will cover in the next section. 

What Affects Home Insurance Rates in Kentucky 

Several factors affect home insurance rates in Kentucky, from local crime to natural disasters. Since natural disasters can require you to purchase special coverages, we’ve provided an overview of common natural disasters in Kentucky and other factors that will affect your rates below.

Natural Disasters in Kentucky 

Some of the natural disasters you should purchase coverage for in Kentucky are: 

  • Earthquakes. Kentucky isn’t the worst for earthquakes, but it’s not the best. Typically, standard policies don’t cover earthquakes, so you’ll want add-on coverage.
  • Floods. Flooding can cause significant damage to a home. Areas of Kentucky are prone to heavy flooding, especially during storm season, so if you live in a high-risk area, consider flood protection for your home insurance policy. 
  • Hail. Hail is common during storm season, but a standard Kentucky policy usually covers it.
  • Hurricanes. Kentucky often experiences the aftermath of hurricanes in neighboring states, which can devastate neighborhoods. Standard policies usually cover hurricanes, but you’ll need flood insurance for water damage.
  • Tornadoes. Kentucky has had several tornadoes, some causing minor damage and some causing catastrophic damage. Check to ensure your home insurance policy includes tornadoes. 
  • Wildfires. Kentucky has a small number of wildfires every year. The good news is that these are usually covered under your normal policy since insurers don’t consider Kentucky a high-risk wildfire state. 

Ensure you have coverage for these natural disasters on your homeowner’s policy in Kentucky.

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Other Factors That Affect Your Kentucky Home Insurance Rates 

Besides natural disasters, other factors that affect your home insurance rates are crime, credit history, and home age. 

If there is a lot of crime in your area, expect home insurance to be higher since a home break-in is more likely. Insurers may also charge a higher rate if your credit history is poor.

Finally, if your home is old, you may have a higher rate since more things are likely to fall apart and have outdated siding or plumbing that is more expensive to repair. 

If you’re worried about how expensive your home insurance cost is, we’ll go over how to lower your rates next.

How to Find Cheaper Home Insurance in Kentucky

There are a few ways to lower the cost of your Kentucky home insurance, which we’ve listed below.

  • Shop for insurance quotes. Often, looking around and getting free insurance quotes from different companies can help you find an insurer within your budget. 
  • Increase home security. Adding home security, such as cameras and an alarm system, to your home can help reduce rates with a home security discount. 
  • Bundle insurance. Some insurers offer a bundling discount if you purchase more than one insurance type at the company. 
  • Improve credit score. Since some companies use your credit score to determine rates, improving your credit score can save you money on your home insurance policy.

Finding a reputable company and taking advantage of discounts can go a long way to helping you save money.

Kentucky Home Insurance: The Bottom Line

Kentucky homeowners insurance will cover the basics, but you should consider additional coverages for flooding and earthquake damage due to the number of natural disasters and storms in Kentucky. 

If you’re worried about your rates for Kentucky home insurance increasing, shopping for quotes from companies in your area is one of the best ways to reduce your monthly cost.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.

Chris Tepedino is a feature writer that has written extensively about home, life, and car insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and C...

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Written by Chris Tepedino
Insurance Feature Writer Chris Tepedino

Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent Laura Walker

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