Kentucky Homeowners Insurance

A standard Kentucky homeowners insurance policy will cover the dwelling, additional structures on the property, your family’s personal belongings, and any loss of use costs if your home becomes unlivable during repairs. If you need additional coverage, enter your ZIP code below to get free Kentucky home insurance quotes. It’s the easiest way to find the best rates for the coverage you need.

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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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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

UPDATED: Jul 16, 2021

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The average cost of a Kentucky homeowners insurance policy is $601/yr ($50/mo). This includes the four primary types of home coverage for the dwelling, other structures, your personal property, and in case you suffer a loss of use of some or all of the property.

The key is to understand what these sections of your policy mean and to be aware of the dangers a home in Kentucky faces so that you can have enough insurance to be prepared.

A standard Kentucky homeowners insurance policy covers:

  1. Dwelling
    The dwelling is the portion of the insured property where your family lives. Dwelling coverage includes the home and such items as the plumbing, electrical, roof and walls. When a home is rented, the dwelling portion of the insurance remains the owner’s responsibility while the contents of the home are the responsibility of the renter.
  2. Other Structures
    Other structures are any manmade items on the insured property that are not permanently affixed to the dwelling. A separate garage would be an “other” structure, and so would a fence around the perimeter. Even other residences on the insured property are considered other structures, such as a guest house or mother-in-law cottage
  3. Personal Property
    The contents of the home and property are your personal property. This includes electronics, jewelry, photographs, rugs, furniture and any outdoor equipment you own, among many other things. The basic home insurance policy only provides limited coverage for personal property, but most home owners quickly discover that the basic coverage needs to be expanded to protect the things they own properly.
  4. Loss of Use
    When you can’t stay in the home because a named peril destroyed your bathroom, the costs of staying elsewhere are covered under the loss of use portion of your home insurance policy. If you are only deprived of part of the home, such as the kitchen being unusable, you can still be reimbursed for expenses related to eating, such as restaurants or purchasing things that can be cooked on a grill at the local park. Loss of use reimburses you for any costs you can verify that would normally be part of your everyday life.

Average Kentucky Homeowners Insurance Rates vs. US

Source: USCB

Cheaper Kentucky Home Insurance

According to statistics, 6.99 out of every 1000 people are burglarized each year, a figure that can be reduced by taking steps to make your home more secure. Reducing the risks associated with your home can lead to cheaper Kentucky home insurance, and further incentives are available to people who take the time to reduce the risks associated with their home as well as themselves.

  • Home Security
    Install a video alarm system that is monitored offsite. Because the home is being watched over 24/7, insurance companies will give you a discount for taking a proactive step in your own defense. Another, similar idea is to put deadbolts in all your exterior doors, thwarting criminal activity and earning a discount in the process.
  • Quit Smoking
    Smoking has been proven to be harmful to your health, but the reason home insurers give you a discount for quitting is because so many devastating house fires can be traced back to someone smoking a cigarette. Not only can you improve your standard of living, you save some money on your insurance to use for celebrating a longer life.
  • Credit Score and Insurance Risk
    680 is the average credit score in your state, which is somewhat higher than the 650 score that most insurers begin offering insurance discounts at. Even so, your credit is important and should be watched closely to prevent anyone from stealing your identity. If you do spot a problem, contact the reporting credit bureau immediately and take whatever steps are necessary to get the problem resolved as soon as possible.

Home Characteristics Affecting Kentucky Insurance Rates

In Kentucky, the average cost of a home is $117,800, which plays a major role in determining your insurance rates. The age of the home is also a factor, and Kentucky houses have an average age of 32 years, which means that without proper maintenance your rates could be much higher than the average.

Local Natural Disasters Kentucky Homeowners Should Consider Protecting Against

Kentucky is likely to experience everything from earthquakes to winter storms. This is one state where purchasing enough insurance probably means buying coverage across the board, including earthquake, flood and any coverages that are excluded specifically from your policy.

  • Earthquakes
    Ranked at 23 out of 51, Kentucky is not high on the list for earthquakes, but it is high enough that precautions would be in order. Most earthquake damage is caused by covered perils, but you may find that those perils are negated if they are caused by an earthquake, which means you have to purchase special coverage, usually only available from high risk insurance providers.
  • Flood
    Kentucky residents filed 1,260 claims in 2009, while the nation as a whole filed 46,621 flood claims. Flooding is a very real peril for Kentucky homeowners and the only available source of flood insurance is likely to be the special high risk plan available through the state department of insurance.
  • Hail
    hail damage is a common problem in Kentucky, but hail is a covered peril and no special coverage should be required. To be sure, read your policy carefully, just in case hail has been specifically excluded from coverage.
  • Hurricanes
    Hurricanes make landfall in Kentucky periodically, and should be protected against. Unless hurricanes are named exclusions in your policy, though, the only special coverage you will need is flood insurance, which may only be available from a high risk insurance company.
  • Tornadoes
    Kentucky reported 36 tornadoes in 2009, a relatively low number but large enough to give you reason for concern. After all, it only takes a single tornado to destroy your home, regardless of whether it is one of only a few that touch down. On the brighter side, tornadoes are covered as wind damage unless your home insurance lists it as a specific exclusion.
  • Wildfires
    Around 74,749 wildfires affect our country each year, including states such as Kentucky. The good news for homeowners is that most home insurance policies include fire as a named covered peril. Before you breathe a sigh of relief, however, read through your policy or contact your insurance agent to make sure that yours indeed includes it.

Kentucky Homeowners Insurance Optional Coverages

In addition to the regular policy, you may want to pick up a couple of optional coverages as well. One of them is simple, increase the limits on your personal property protection to reflect that actual value of your personal property, because most standard home policies only provide for a percentage of the total policy value to be used to repair or replace personal items that are destroyed after a named peril. Another area where many homeowners fall short is with personal liability, the coverage that pays for injuries to visitors or strangers on your property. Perhaps the best way to increase your personal injury liability coverage is to purchase an umbrella liability policy, because this type of liability can be applied to multiple insurance lines, such as your home and auto.

Important Contact Information

Kentucky Department of Insurance
P.O. Box 517
Frankfort, Kentucky 40602-0517
Phone: (502) 564-3630

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