Who Has the Cheapest Homeowners Insurance Quotes in Kentucky?

Article Approved By Banking Expert

This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Article Approved By Banking Expert

This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Home to many different types of families, a diverse terrain, plenty of old industries, and more, Kentucky is where many people can raise a family in relative peace. Yet despite all of this, a quick read through the local paper will show that disasters, fires, and poor weather all happen frequently enough. While you can be as safe as you’d like, there are certain things outside of your control, which is why there is homeowners insurance. There’s a plan for your home, and we aim to help you find it.

Here are the three cheapest homeowners insurance providers operating in Kentucky:

The Three Cheapest Quotes:

The following three companies offer many different policies and plans, and they adjust their rates according to what they can surmise about the home and homeowner. Therefore, we ask you to consider the following information as a general guide.

The number listed next to each provider is the average annual rate for a standard policy.

1) Nationwide: $1,757

Technically the cheapest on average but certainly the option that gives you the most control over your policy, Nationwide is normally quite expensive but in Kentucky is one of the most accessible companies. From them, you can expect great coverage in most categories, and lots of plans and services which make you feel like you and your home are being properly taken care of.

But while they might be the most affordable at a base level, Nationwide is also one of the more expensive choices if you get many policy add-ons. Their service is also good, but does have a few issues processing claims.

You can expect the following working with Nationwide:

  • More customization options than we can get into, many of them revolving around coverage levels within your policy.
  • A free annual review to help you make sure you’re getting the best possible plan for your home.
  • A very competitive plan for replacing or repairing damaged or stolen items.

2) Allstate: $1,760 

The cheapest option for a similar amount of people, Allstate has been in the industry for years and has turned into a titan of the industry, which is something you can benefit from. With many discount options available, you also might be able to lower your rate. We recommend them to those looking to bundle with another policy they offer or those looking for a few of their more specific offerings.

Where Allstate doesn’t always shine is their customer service efforts, which are average at best and are outdone by other companies in the region. They might be easy to work with digitally, but if you’re someone who prefers human interaction, Allstate probably isn’t the best for you.

You can expect the following working with Allstate:

  • Discounts for things such as installing safety measures, bundling, to signing with them before your old policy expires, to a discount for your first few years with them.
  • Helpful apps whether you’re on your computer or your phone, making every process much easier.
  • Optional coverages for water backup, garden and landscaping, identity theft restoration, scheduled personal property coverage, and business property (among others).

3) State Farm: $1,977

One of the most common names in insurance and the largest provider, State Farm is a dependable option for nearly every household that, while not the most extensive or complex of providers, is able to get millions of people policies they can rely on and understand. This leads to them having a network and infrastructure that is unparalleled.

We are a bit concerned over the lack of options provided given the price, however, whether that means customization options or discount opportunities. There’s the possibility of bundling and some discounts for installing preventative measures, but those are standard (and about it).

You can expect the following working with State Farm:

  • An online quoting system that is without a doubt one of the best.
  • The benefits of working with one of the most stable and institutionally experienced providers in the business.
  • Plenty of agents available across the state ready to help you.

Other Notable Kentucky Homeowners Insurance Providers

It can be difficult to get a number for an average annual rate in the state of Kentucky for some companies. That being noted, there are a few providers we still want you to know about and consider.

4) Kentucky Farm Bureau

Not as much of a company as an organization that also provides insurance, the Kentucky Farm Bureau provides benefits for its members, including a competitive home insurance option. While it might not be as customizable or have as much support behind it as some other companies listed here, they are often the cheapest option for homeowners and seek to provide you with the best possible experience and policy.

It can be a little tough to get all the information about them, so expect to do a little more legwork. We would also like to remind you that you need to be a member to get the plan, although this does come with other worthwhile benefits.

You can expect the following working with Kentucky Farm Bureau:

  • A decent list of different discount options, such as those for living in a newer home or having a new roof, installing protective devices, and bundling with auto insurance.
  • A long list of optional additional coverages, even for specific valuable items you own.
  • An organization that knows exactly how to work with and help farmers.

5) Liberty Mutual

One of the most popular insurance companies in the country, with plenty of different options and even more discounts, Liberty Mutual reliably provides decent coverage to homes all across the state. Whether you’re looking to bundle or simply want a middle-of-the-road option, they should be able to take care of you.

Yet there are a few good reasons you might want to skip them over. Their rates can grow quite large, and there are more complaints against their claims department than there should be, which is the last thing you want to worry about. The advantages might outweigh the disadvantages, but not for everyone.

You can expect the following working with Liberty Mutual:

  • An online library of helpful insurance information.
  • Optional coverages for things such as valuables, water backup damage, and identity fraud expenses.
  • Inflation endorsement protection if you want it, to help keep the threat of rising material prices in the background.

Conclusion

No matter where in the state you happen to have your home, there are risks involved, and you should make every effort to minimize them. After that, it’s time to get a homeowners insurance policy. We hope that above information will help you in your search, and we would like to remind you to take your time and list out your priorities first. At the end of the day only you know which provider will be best.