The 4 Best Homeowners Insurance Companies in Kentucky

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Kentucky’s central U.S. location makes for mostly mild climate conditions with minimal risk for natural disasters. However, recent weather patterns have taken more extreme turns with pipes freezing up in winter and tornadoes and windstorms in the spring.

Homeowners insurance rates in Kentucky are slightly above the national average, coming in at $1,355, according to Insurance.com. However, there’s more to finding suitable coverage for your Kentucky home than just seeking out the lowest price. The provider you choose should offer broad policy options to safeguard against any potential disaster. To aid in your search, here are the top picks for the best homeowners insurance companies in Kentucky.

Our Top Picks for Best Homeowners Insurance in Kentucky

  • Kentucky Farm Bureau
  • State Farm
  • Allstate
  • Liberty Mutual

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

Kentucky Farm Bureau

Kentucky Farm Bureau is the largest and most popular homeowners insurance provider in the Bluegrass State. The organization was founded 100 years ago (1919) and has been a reliable and customer-focused insurance staple in Kentucky, earning top ratings from A.M. Best for financial security.

Kentucky Farm Bureau offers two types of policies: Broad Form and Special Form. A Broad Form policy covers damage to your home caused by events such as fire, windstorm, hail, smoke, vandalism, theft and freezing. A Special Form policy provides the same coverages included in the Broad Form policy with additional protections for damage caused by things like wind-driven rain damage, paint spills and countertop burns. You can even earn a “Property Plus” discount for being a good member with no claims or qualifying insurance scores to earn a greater discount on your policy.

Becoming a member of the Kentucky Farm Bureau affords you one of the best and most comprehensive insurance policies available in the state, as well as access to specialty member services such as banking benefits, student scholarships, discounts from participating commercial partners and identity-theft protection services. Although Kentucky Farm Bureau does not offer an online quote option, the company has a local office in every county in Kentucky, so contacting a local agent, receiving a quote and determining whether insuring with the bureau is the right choice for you is a simple process.

State Farm

State Farm is a trusted name in Kentucky homeowners insurance. The company owns one of the largest shares of the state’s insurance market and is backed by an A++ rating from A.M. Best for financial stability.

State Farm offers policies for just about every type of Kentucky home, including single-family dwellings, condos, mobile homes, and farms/ranches. Policies are affordable because the company offers baseline coverage that can be supplemented with extra protection where you see fit. Add-on coverage options from State Farm include personal liability and injury protection, home business insurance, and identity restoration services.

In the event that you experience a loss and need to file a claim, you can do so in person with a State Farm local agent, over the phone via their 24/7 claims hotline, online, or using the Pocket Agent mobile app. Taking advantage of tools like State Farm’s HomeIndex, which allows you to virtually catalog your belongings, can help you keep track of your covered possessions and remove the guesswork when reporting a claim.

If the damage to your home is due to flooding and you need emergency water mitigation or floor repair services, State Farm’s Premier Service program can put you in contact with contractors in your area to carry out the repairs necessary to get you back into your home sooner.

Allstate

Allstate‘s broad policy options, multiple discount opportunities and top-of-the-line educational materials make the company a popular option for Kentucky residents. A standard Allstate policy can be supplemented to provide extra protection for things like sports equipment (attention, horse enthusiasts), musical instruments, home offices, yards and gardens, and electronic data. Specialty policy features like Allstate’s Claim RateGuard, which ensures that your premium rate won’t surge when you file a claim, is a small investment that can save you a lot over time should you experience a loss.

Other common add-on options for your Allstate policy include water backup coverage to protect your home from the sump pump malfunctioning and green improvement savings for adding energy-efficient appliances. In addition, Allstate offers home-sharing insurance if you temporarily rent out your home through a site such as Airbnb.

Allstate helps you save on your Kentucky homeowners insurance policy by offering an array of discount opportunities. Customers who bundle home and auto policies, insure new or recently renovated homes, install home security devices or sign up for automatic billing are eligible for premium deductions. Allstate also lowers rates for retirees over the age of 60 and new customers (for the first two years of service). Taking advantage of these discounts can save you over 30 percent on your annual premium.

To help you see the direct effect of factors like the age of your home or the installation of a protective device on the price of your premium, Allstate offers an interactive Premium Gauge tool. Allstate’s online resource center has a library of articles, tips, videos, checklists and other helpful policy management tools.

Liberty Mutual

When it comes to saving money on your Kentucky homeowners insurance policy, Liberty Mutual is a solid choice. In fact, the company will automatically adjust your coverage limits to help manage your account for inflation at each renewal period.

The company offers premium deductions to new customers who are switching to Liberty Mutual with a claim-free record, as well as to existing customers who have gone at least three years without a claim. Additional discounts are awarded for policy bundling, installing security devices, insuring a new or recently renovated home, or buying 100 percent cost replacement coverage for your home.

Belonging to one of Liberty Mutual’s 14,000 affiliate groups, credit unions or alumni associations affords you even more savings opportunities. You’ll also find identity fraud expense coverage and coverage for valuables, which helps pay for lost or damaged jewelry, art and other collectibles.

In the event of a disaster, you can contact Liberty Mutual easily by going online or calling a 24-hour claims hotline. The company can connect you with an approved contractor in its vast affiliate network to take care of necessary repairs and to restore your home to safety. Customers also have access to Liberty Mutual’s Catastrophe Center, a useful online resource to aid in dealing with disaster effectively and taking the proper steps to recover and prevent further damage in the future.

How much is homeowners insurance in Kentucky?

The average annual cost for homeowners insurance in Kentucky is $1,355, which is $126 more than the national average cost of $1,228. This higher cost is due to a few risk factors in the Bluegrass State, listed below.

Kentucky Rate Factors

Unfortunately, Kentucky experiences a fair number of natural disasters, such as floods, tornadoes, landslides and mudslides. The state experienced record snowfall in December 2004 and was even ravaged by Hurricane Ike in 2008. Because of these events, Kentucky ranks among the top 20 states in the U.S. for natural disasters, which increases the average annual insurance premiums.

Our Top Picks for Best Homeowners Insurance in Kentucky

  • Kentucky Farm Bureau
  • State Farm
  • Allstate
  • Liberty Mutual

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

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