Who Has the Cheapest Renters Insurance Quotes in Kentucky?

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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.

There are multiple sides to Kentucky, whether you live in the countryside or if you are based more around one of the major cities in the state. Yet no matter where or how you live, renters, like everyone else, are subject to fire, crime, and other potential dangers. For these reasons and more we recommend every person who can get renters insurance do so in order to secure their life and be able to jump right back on their feet should the worst happen. We also know that renters insurance can be a significant expense, so we found the cheapest providers for you to look into.

Here are the five cheapest renters insurance providers operating in Kentucky:

The Five Cheapest Quotes:

There are about four and a half million people living in Kentucky, and none of them are the same. As such, you can likely expect your rate and possibly experience to differ from what is listed here. Please consider the following notes as more of a general guide and review.

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

1) State Farm: $237

First up on our list of renters insurance providers is State Farm, which not only has national reach but also is one of the cheapest providers across the country on average, a fact that is also true for Kentucky. Simple, effective, and available in all but the most high-risk areas, most people will do great working with State Farm.

If you’re looking for more special options and customization opportunities, however, you may want to find coverage with another company. While they are cheap, the tradeoff is that State Farm doesn’t offer coverage that is extremely special. Additionally, their business property and water damage coverages will leave many wanting for more.

You can expect the following working with State Farm:

  • A customizable onboarding process.
  • Expensive items coverage that outclasses the competition
  • A level of coverage that is a great value for what you will be paying.

2) Nationwide: $256 

Not much more expensive than State Farm is Nationwide, a provider that offers an excellent range of customization options alongside quality service. You’ll be wanting to do more research if you plan on working with them, as you’ll want to know what optional coverages (there are quite a few) and deductible (it’s customizable) you plan on working into your policy.

The main concern is that some of their default coverages are lacking, and you may want to be careful about your final rate as you customize your plan. All of this noted, they are a company certainly worth looking into in Kentucky, given their low average rate.

You can expect the following working with Nationwide:

  • A wide variety of discount and bundle opportunities.
  • A free and optional annual policy assessment that helps you get the best options for your apartment.
  • Coverage that can even extend beyond your doorway to protect items in hallways or elsewhere.

3) Amica: $279

Not far behind Nationwide in terms of price is Amica, another provider which prides itself on the excellent service it provides its customers (and potential customers) and is also known for its wide range of coverages, letting you sleep easier at night no matter what threat might affect your apartment.

There aren’t as many customization options as some other providers operating in Kentucky, but your policy can be a bit flexible. There are a few stories of mismanagement on their end, but they do address those issues and make efforts to fix them.

You can expect the following working with Amica:

  • Bundling options that include boat, motorcycle, car, and small business insurance, among others, allowing you to get whatever package you need.
  • Your customer satisfaction, and what might affect it, will be priority for them.
  • A simple and understanding claims process.

4) Allstate: $286

Fourth on our list is Allstate, an excellent firm if you are looking for solid service, a good customer service team, and a source of few to no worries. Still not too much more expensive than the first three choices, based on the bundle and discount opportunities available to you they might be the best choice.

Unfortunately, there are notable customer service issues for many people who work with Allstate, so patience might be required. Additionally, you might experience a rate spike depending on where you live (in which case don’t choose them).

You can expect the following working with Allstate:

  • Excellent water damage and flooding coverage if you live in an area of Kentucky where those possibilities concern you.
  • Great expensive item coverage, letting you recover from losing some of your most valuable items.
  • A great auto insurance bundle available if you’re also in the market for car insurance.

5) Liberty Mutual: $455

By far the most expensive option on this list, Liberty Mutual won’t be the right choice for most people, but is still worth looking into depending on what discounts you can muster as well as what type of coverage you might be interested in. You will also be able to get optional coverages such as water damage, high-ticket items, electronics, jewelry, and identity theft coverage.

In addition to the high rate for most people, people might want to avoid working with Liberty Mutual if they are looking to bundle insurances, as there are quite a few instances of customer dissatisfaction with their auto insurance, at least when compared to the other providers listed here.

You can expect the following working with Liberty Mutual:

  • Discounts that are related to the company’s vast network of partnerships with organizations, clubs, and workplaces.
  • Excellent online services paired with a great online quoting system.
  • The full range of coverage and service options you can expect from a solid renters insurance provider.

Conclusion

Wherever you live and however you’re enjoying life in Kentucky, renters insurance is something you can’t do safely without. We hope that with the above information you’ll be able to pick out a great company to work with in the future and get a perfect policy for you, your family, and your apartment. Take some time to get to know the terminology and think about exactly what you need, but don’t delay too long. The sooner you can find peace of mind, the better.