- Best renters insurance companies in Kentucky
- Cheapest renters insurance in Kentucky
- How much is renters insurance in Kentucky
- Kentucky renters insurance: The most expensive ZIP codes
- Kentucky renters insurance: The least expensive ZIP codes
- Compare renters insurance rates by city in Kentucky
- Methodology
- Compare Kentucky renters insurance rates with other states
Best renters insurance companies in Kentucky
State Farm, Auto-Owners and Allstate are our 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 third-party ratings. Among the carriers surveyed, State Farm is the best renters insurance company in Kentucky. It earned a score of 5 and has an average renters insurance rate of $190.
In addition to rates, we also got scores and rating from sources like the National Association of Insurance Commissioners (NAIC) and AM Best for 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.
| Company | Average annual premium | AM Best | NAIC | Insurance.com rating |
|---|---|---|---|---|
| State Farm | $190 | A++ | 0.95 | 5.00 |
| Auto-Owners | $201 | A++ | 0.33 | 4.99 |
| Allstate | $233 | A+ | 0.90 | 4.51 |
| Nationwide | $306 | A+ | 0.87 | 3.80 |
| Kentucky Farm Bureau | $318 | A | 0.54 | 3.66 |
| Progressive | $205 | A+ | 8.45 | 3.62 |
Cheapest renters insurance in Kentucky
State Farm is the cheapest renters insurance company in Kentucky based on our rate analysis with an average annual premium of $190.
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 cheapest renters insurance companies in Kentucky and 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 |
How much is renters insurance in Kentucky
The average cost of renters insurance in Kentucky is $193 a year, 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 may differ from your neighbors 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 |
Kentucky renters insurance: The most expensive ZIP codes
Where you live in Kentucky affects how much you pay for renters insurance. 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 |
| 42458 | $199 |
| 40245 | $197 |
| 42166 | $194 |
| 41044 | $186 |
| 41054 | $185 |
| 40514 | $184 |
| 41092 | $183 |
| 41014 | $180 |
Kentucky renters insurance: The least expensive ZIP codes
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 |
| 42633 | $195 |
| 42022 | $197 |
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
Methodology
Insurance.com compared renters insurance rates 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. 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) which provides the best practices for the U.S. insurance industry. These factors were used along with rates to find the best companies overall.
Compare Kentucky renters insurance rates with other states
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