Cincinnati Insurance is the best homeowners insurance company in Kentucky, based on a 2023 analysis by Insurance.com, with an overall rating of 5. Auto-Owners is the second-best home insurance company in Kentucky, with an overall rating of 4.56.
Cincinnati Insurance also offers the cheapest home insurance in Kentucky at $1,888 a year.
With so many options out there, it is not easy to choose a homeowners insurance company in Kentucky. You need a reliable company that will provide you with quality service at an affordable price. If this is what you're looking for, then keep on reading this guide.
Key takeaways
- The average cost of homeowners insurance in Kentucky is $3,163 a year or $263 a month.
- The cheapest homeowners insurance company in Kentucky is Cincinnati Insurance. It offers home insurance at an average of $1,888 a year.
- Cincinnati Insurance also ranked as the best insurance company in Kentucky based on rates, complaints and financial stability.
Average home insurance cost in Kentucky
The average cost of homeowners insurance in Kentucky is $3,163 a year or $263 a month. This is based on coverage of:
- $300,000 dwelling
- $300,000 liability
- $1,000 deductible.
However, the average annual premium varies by the insurance company, your ZIP code, coverage type, your home's age, among other factors. It’s a good idea to compare price quotes from different Kentucky homeowners insurance companies to get the best deal.
Best home insurance companies in Kentucky
The best home insurance company in Kentucky for 2023 is Cincinnati Insurance, followed by Auto-Owners and Westfield Insurance.
Below is a full list of the top Kentucky insurance companies based on price, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
| Insurance company | AM Best | Average annual rate | NAIC Complaint ratio | Insurance.com score |
|---|---|---|---|---|
| Cincinnati Insurance | A++ | $1,888 | 0 | 5 |
| Auto-Owners | A++ | $2,602 | 0.19 | 4.56 |
| Westfield Insurance | A | $2,688 | 0.17 | 4.24 |
| Progressive | A+ | $2,008 | 1.38 | 3.75 |
| Nationwide | A+ | $3,306 | 0.75 | 3.69 |
| State Auto | A- | $3,780 | 0.1 | 3.69 |
| State Farm | A++ | $3,168 | 1.07 | 3.66 |
| Automobile Club MI (AAA) | A | $3,504 | 0.91 | 3.34 |
| Kentucky Farm Bureau | A | $5,277 | 0.13 | 3.2 |
Cheapest home insurance companies in Kentucky
Below are Kentucky home insurance rates by company for six different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our rate analysis, you’ll see Cincinnati Insurance has the most affordable rates overall.
| Company | $200,000 | $300,000 | $400,000 | $500,000 | $600,000 |
|---|---|---|---|---|---|
| Cincinnati Insurance | $1,357 | $1,888 | $2,411 | $2,922 | $3,437 |
| Progressive | $1,575 | $2,008 | $2,412 | $3,077 | $3,818 |
| Auto-Owners | $2,086 | $2,602 | $3,210 | $3,898 | $4,569 |
| Automobile Club MI (AAA) | $2,121 | $3,504 | $4,950 | $6,425 | $7,036 |
| Westfield Insurance | $2,388 | $2,688 | $2,958 | $3,222 | $3,457 |
| State Farm | $2,482 | $3,168 | $3,860 | $4,640 | $5,277 |
| Nationwide | $2,661 | $3,306 | $4,405 | $5,640 | $6,917 |
| Grange Mutual | $2,760 | $3,411 | $4,069 | $4,840 | $5,587 |
| State Auto | $2,847 | $3,780 | $4,863 | $5,810 | $6,591 |
| Kentucky Farm Bureau | $3,510 | $5,277 | $7,138 | $8,378 | $8,872 |
Kentucky home insurance rates by ZIP code
Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Kentucky to see which areas are the most and least expensive.
The most expensive ZIP codes in Kentucky for home insurance
Kentucky homeowners insurance rates are the most expensive for ZIP code 42083 with an average annual cost of $4,061.
The most expensive ZIP codes in Kentucky are:
| ZIP code | Average annual rates |
|---|---|
| 42083 | $4,061 |
| 42041 | $4,029 |
| 42050 | $3,936 |
| 42021 | $3,931 |
| 42023 | $3,896 |
| 41386 | $3,895 |
The least expensive ZIP codes in Kentucky for home insurance
The cheapest ZIP codes for home insurance in Kentucky are:
| ZIP code | Average annual rates |
|---|---|
| 41042 | $2,228 |
| 41075 | $2,255 |
| 41001 | $2,270 |
| 41074 | $2,281 |
| 41091 | $2,291 |
| 40513 | $2,303 |
