Average condo insurance cost in Kentucky
The average cost of condo insurance in Kentucky is $566 per year or $47 per month for $60,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible. Your actual annual premium will vary depending on:
- Where you live
- Coverage limits and deductible
- Age of the building and construction materials
- Your claims history and credit score
To find the cheapest company for you, compare quotes from multiple insurance providers and choose the coverage that fits your needs.
| Average annual premium | $566 |
| Average monthly premium | $47 |
Condo insurance rates in Kentucky by company and coverage level
State Farm offers the lowest condo insurance rates in Kentucky for coverage limits of $60,000 for personal property and $300,000 for liability with a $1,000 deductible.
The second most affordable option is Allstate at $463 per year. However, prices will vary depending on the coverage level you choose.
The table below shows condo insurance rates from top companies at different coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| State Farm | $332 | $340 | $380 | $388 | $414 | $423 | $450 | $457 |
| Allstate | $354 | $381 | $435 | $463 | $519 | $547 | $598 | $625 |
| Westfield Insurance | $433 | $444 | $529 | $541 | $625 | $636 | $716 | $728 |
| Kentucky Farm Bureau | $468 | $474 | $544 | $550 | $622 | $628 | $700 | $706 |
| Auto-Owners | $501 | $507 | $600 | $606 | $709 | $715 | $817 | $825 |
| Cincinnati Financial | $440 | $446 | $606 | $616 | $742 | $750 | $854 | $865 |
| Progressive | $704 | $719 | $779 | $794 | $858 | $873 | $918 | $933 |
Condo insurance rates by company in Kentucky
The cheapest option is State Farm, followed by Allstate and Westfield Insurance as the second and third most affordable choices. However, condo insurance rates in Kentucky vary by company, so it's a good idea to shop around and compare quotes.
The table below shows condo insurance rates from major companies in Kentucky.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| State Farm | $388 | $32 |
| Allstate | $463 | $39 |
| Westfield Insurance | $541 | $45 |
| Kentucky Farm Bureau | $550 | $46 |
| Auto-Owners | $606 | $51 |
| Cincinnati Financial | $616 | $51 |
| Progressive | $794 | $66 |
Compare condo insurance rates by city in Kentucky
Condo insurance rates vary by city. Factors like weather, crime rates and property values all play a role in pricing. To find the cheapest and best condo insurance in your city in Kentucky, consider these factors and compare quotes from different insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
FAQ
Is condo insurance required in Kentucky?
No, condo insurance is not require by law in Kentucky, but your mortgage company will require it.
What does condo insurance typically cover in Kentucky?
Condo insurance covers your personal property, the interior of your unit, loss of use and personal liability.
How can I lower my condo insurance premium in Kentucky?
To lower your rates, shop around, ask about discounts and bundle your condo and auto insurance.
