Best and cheapest renters insurance in Kentucky

Best renters insurance companies in Kentucky

When choosing the best renters insurance company in Kentucky, make sure you’re comparing on more than just price. We’ve compared quotes, coverage options and J.D. Power scores from all the major insurers in Kentucky. Below is our list of best renters insurance companies in Kentucky based on that analysis, with our score out of five. Note that USAA only offers coverage to military families.

Company	Average rating(out of 5)
State Farm	4
Allstate	3.5
Progressive	3.5
USAA	3.5
Nationwide	3

Compare the best renters insurance companies in Kentucky

Comparing quotes from multiple insurance carriers is one way to ensure you will get your money’s worth. There can be big differences in price between different renters insurance providers, so it pays to shop around. Ensure you buy from a company offering affordable renters insurance and consistent customer service.

To simplify your task, we have compared the carriers for Kentucky residents based on their average rates and ratings from J.D. Power. Among the carriers surveyed, State Farm is the best renters insurance company in Kentucky. It earned 844 out of 1000 from J.D. Power and has an average renters insurance rate of $217.

The table below offers a detailed comparison of renters insurance companies in Kentucky.

Company	J.D. Power Score	Average Annual Premium	AM Best Ratings
State Farm	844	$217	A++
Allstate	835	$233	A+
Progressive	804	$205	A+
USAA	894	$108	A++
Nationwide	852	$306	A+

How much is renters insurance in Kentucky

Kentucky residents pay an average of $193 a year for renters insurance, and the average monthly cost is $16. That’s for a policy with personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.

What you pay for renters insurance will not be the same as a neighbor’s price because it depends on factors specific to each person: the property you want to insure, extra coverage options you add, and the deductible amount you choose.

“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	Average Monthly Premium
$193	$16

Most expensive ZIP codes in Kentucky for renters insurance

Several factors affect your renters insurance coverage cost in Kentucky, including your location and the coverage you buy. The most expensive ZIP code in Kentucky for renters insurance is 40215, where the average annual rate is $203 which is $10 more than the state average insurance premium.

The following table lists the most expensive ZIP codes in Kentucky for renters insurance.

ZIP code	Average Annual Rate
40215	$203
42064	$202
42048	$201
42086	$200
40258	$199
42411	$198
42372	$197
40387	$196
40371	$195
42166	$194

Least expensive ZIP codes in Kentucky for renters insurance

Renters insurance rates in Kentucky are cheaper in some areas. Based on a rate analysis by Insurance.com, the least expensive ZIP code for renters insurance in Kentucky is 41001, and its average annual rate is $178.

Below, you’ll find the least expensive ZIP codes for renters insurance, along with their average annual rates.

ZIP code	Average Annual Rate
41001	$178
41007	$179
41011	$180
41092	$183
40503	$184
40504	$185
41002	$186
40376	$187
40601	$188
40049	$189

Compare renters insurance rates by city in Kentucky

Renters insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on renters insurance for your specific city in Kentucky.

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

Cheap renters insurance in Kentucky by company

There are a lot of companies offering renters insurance in Kentucky. Among the carriers surveyed by Insurance.com, USAA is the cheapest renters insurance company in Kentucky; its average annual premium is $108.

Renters insurance prices can vary drastically between companies. That’s why it is important to compare rates and see which company offers the best deal to get coverage at an affordable price.

Below are the best cheap renters insurance companies in Kentucky and their average annual premiums.

Company Name	Average Annual Premium
USAA	$108
Progressive	$205
Auto-Owners	$211
State Farm	$217
Allstate	$233
Kentucky Farm Bureau	$280
Nationwide	$306

Methodology

Insurance.com compared renters insurance rates in 2022 provided by Quadrant Data Solutions 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. Content was updated in 2023.