Renters insurance in Kentucky: Cost, best companies and how to save

What is the average cost of renters insurance in Kentucky?

The average cost of renters insurance in Kentucky is $193 per year. Rates vary depending on factors like your location, the amount of coverage you choose, your deductible, and your claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium	$193
Average monthly premium	$16

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Best renters insurance company in Kentucky: State Farm

State Farm ranks as the best renters insurance company in Kentucky, earning a top score among the carriers we surveyed. Its average rate is $190 per year.

Auto-Owners and Allstate are also among the top insurance companies for renters insurance in Kentucky.

Renters insurance rates vary significantly among providers, so you should compare options before choosing. You should also select a company with a good reputation to ensure it will be there if you have a claim.

To help you find the best renters insurance in Kentucky, we evaluated average rates, NAIC complaints ratio, and AM Best financial ratings. We calculated the total Insurance.com score out of five using these factors.

Here are the best renters insurance companies in Kentucky.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
State Farm	$190	A++	0.95	5
Auto-Owners	$201	A++	0.33	4.99
Allstate	$233	A+	0.9	4.51
Nationwide	$306	A+	0.87	3.8
Kentucky Farm Bureau	$318	A	0.54	3.66
Progressive	$205	A+	8.45	3.62

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Cheapest renters insurance in Kentucky

Our analysis shows that State Farm is the cheapest renters insurance company in Kentucky, with an average annual premium of $190.

Renters insurance rates can differ greatly between providers, so it's best to compare quotes to find affordable coverage that meets your needs.

Here is the list of the cheapest renters insurance companies in Kentucky along with their average annual premiums.

Company name	Average annual premium
State Farm	$190
Auto-Owners	$201
Progressive	$205
Allstate	$233
Nationwide	$306
Kentucky Farm Bureau	$318
USAA	$108

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Kentucky renters insurance: The least and most expensive ZIP codes

Your location in Kentucky directly impacts the cost of renters insurance. The most expensive ZIP code in Kentucky is 40215, with an average annual premium of $203. This amount is $10 more than higher than the state average.

On the other hand, 41001 is the least expensive ZIP code for renters insurance with an average annual premium of $178 a year.

Best home insurance companies in Texas

Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
40215	$203
42064	$202
42458	$199
40245	$197
42166	$194
41044	$186
41054	$185
40514	$184
41092	$183
41014	$180

ZIP code	Average annual rate
41001	$178
41007	$179
41011	$180
41092	$183
40503	$184
40504	$185
41002	$186
40376	$187
42633	$195
42022	$197

Renters insurance cost in Kentucky by city

Renters insurance rates vary widely across cities in Kentucky, driven by factors such as weather risks, crime rates, and other factors. To find the best deal in your city, you should consider these factors and compare quotes from multiple insurers before choosing a policy.

City	Annual insurance premium
Bowling Green	$190
Covington	$179
Elizabethtown	$192
Florence	$179
Georgetown	$188
Jeffersontown	$197
Jeffersonville	$190
Lexington	$185
Louisville	$201
Nicholasville	$190
Owensboro	$196
Richmond	$189

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How to save on renters insurance in Kentucky

You can lower the cost of renters insurance in Kentucky in several simple ways without reducing the coverage you need:

Bundle your policies. Many insurers give a discount when you purchase renters and auto insurance together.
Increase your deductible. Selecting a higher deductible lowers your monthly or yearly premium, but you should make sure you can afford it.
Ask about discounts. Many insurance companies offer discounts for having smoke alarms, security systems, or a claims-free history.
Compare quotes. Since prices vary widely between companies, getting quotes from multiple insurers helps you find the best deal.
Pay annually. Some insurers provide a small discount if you make yearly payment instead of paying monthly.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: Kentucky renters insurance

Do I need renters insurance in Kentucky?

Renters insurance isn't required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in Kentucky?

You should make sure your personal property coverage is sufficient to replace all of your belongings at replacement cost; there is no minimum requirement.