Speak to a Licensed Insurance Agent
SelectQuote customers save $693 on average when they bundle their home and auto insurance policies.
We compare home and auto insurance rates from dozens of our trusted partners to find you the lowest price.
Home Insurance and Car Insurance in Kentucky
Whether you’re a brand new homeowner shopping for your first home insurance policy or need to switch from one insurance company to another to save money on car insurance, SelectQuote can help. We comparison shop several insurance companies at once to provide you with the best deals on affordable home and auto insurance coverage, including with bundled home and auto policies that can help save you an average of $693 a year.
Homeowners Insurance in
Nearly 68% of Kentucky’s 4.5 million residents are homeowners.1 No matter what part of the Bluegrass state you call home, home insurance is absolutely vital for protecting your investment and property.
Given Kentucky’s location and how the central part of the state experiences some extreme weather conditions, making sure you have the right homeowners policy can make all the difference when rebuilding after a disaster. Kentucky homeowners need to watch out for two types of insurance coverage: actual cash value policies and full replacement cost policies.
Actual cash value policies pay either the policy limit or the actual cash value of the lost property minus depreciation, whichever is less.
Replacement cost policies pay the full cost to replace or the policy limit and do not factor in depreciation. What this means for you is that with replacement cost, a home that is valued at $250,000 but costs $275,000 to rebuild will be fully covered by the insurance company. An actual cash value policy would leave you responsible for the remaining $25,000.
Homeowners Insurance Coverage Options in
Most home insurance policies sold in Kentucky will provide for a basic set of coverages. The following types of home insurance coverage are typically included in these policies:
- Dwelling coverage pays for repairs or replacement for the actual physical structure of your home, such as walls and the roof.
- Property coverage protects the stuff inside your home, like furniture and appliances, even if the damage or theft is outside of your house.
- Other structures coverage pays for repairs for buildings that aren’t part of your home, such as detached garages.
- Liability coverage defends and protects you against lawsuits after someone else is injured on your property. It also covers you if you damage their property.
- Guest medical protection covers medical expenses for someone injured on your property.
- Additional living expenses coverage pays for lodging, food and other expenses if a covered loss makes your home uninhabitable.
Common Causes of Loss in
Kentucky’s location at the northern corner of the southeastern United States makes it prone to extreme weather throughout the year. Kentucky sees heavy snowfall, ice, freezing temperatures, floods, tornadoes and even the tail end of hurricanes. These weather events can cause massive damage to homes in the Bluegrass state, resulting in millions of dollars of repair. Common reasons for filing insurance claims in Kentucky include:
- Flooding, which isn’t covered under most homeowners insurance policies
- Severe winter weather that can cause pipes to freeze and burst and roofs to sag
- Tornadoes and hurricanes bring strong winds and pounding rain that can break windows, cause flooding, damage your roof and pull siding from your home.
Additional Coverage Options Recommended for Homeowners
Most home insurance policies will cover a list of named perils under the hazard coverage/structural coverage portion of your policy. The increased risks of weather damage in Kentucky makes buying additional coverage something to consider. Additional coverage you may want to look into includes:
- Flood insurance is not part of typical home insurance policies, but it is available from the National Flood Insurance Program or private insurers.
- Water backup coverage can help pay for damages related to water backups in basements or crawl spaces. Blocked sewers and drain lines or failing sump pumps can create expensive problems.
- Identity theft coverage can help reduce the costs often associated with restoring your stolen identity and rebuilding your credit score.
If you have questions about what kind of coverage makes sense for your needs, our experienced licensed insurance agents at SelectQuote can help.
Our Home Insurance Partners in
SelectQuote partners with trusted and nationally known home and auto insurance companies in Kentucky. We shop for coverage with multiple companies and provide you with competitive quotes for both standalone and bundled home and auto insurance.
What is the average home insurance cost in ?
The average home insurance premium for Kentucky customers is $122.50.+ Your own homeowners insurance rates will vary based on:
- Your location
- The age and condition of your home
- The type and limits of coverage you purchase
- Your credit history
- The number of claims you’ve filed in the past
- Any applicable discounts
Homeowners Insurance Discounts in
What kind of discounts are available for homeowners insurance in Kentucky? Most insurance companies offer savings for customer loyalty, but did you know there are other ways to save? They include:
- Home security system discounts
- Discounts for installing a new roof and windows
- Discounts for low number of claims
- Discounts for building/buying a brand new home
- Discounts for bundling home and auto insurance
Bundle Your Home and Auto Insurance to Save Money
One of the best discounts most insurance companies offer is through bundled home and auto insurance policies. By combining your coverage with one carrier, you can save even more money. SelectQuote customers save an average of $693 per year when they bundle their home and auto insurance coverage.
Average Home and Auto Insurance Rates in
The following rates listed below are from real SelectQuote customers. Your insurance rates will vary based on ZIP code, credit rating, claims history and other factors.
| City | Avg. Monthly Home Insurance Rate | Avg. Monthly Auto Insurance Rate | Avg. Monthly Rate of Bundled Policies |
|---|---|---|---|
| Georgetown | $59.15 | $89.67 | $128.10 |
| Lexington | $123.20 | $188.78 | $239.70 |
| Louisville | $125.19 | $201.94 | $264.50 |
| Paducah | $153.82 | $88.78 | $258.92 |
| Richmond | $117.55 | $137.59 | $252.97 |
Average monthly rates are from effective SelectQuote customer policies between 4/1/2022 and 3/31/2023.
Auto Insurance in
Buying auto insurance in Kentucky isn’t just a requirement to drive a vehicle—it’s a way to protect yourself and your passengers after an accident. More than 2.9 million drivers share Kentucky’s roadways, and every single one of their 3.4 million vehicles need car insurance coverage.2
Auto Insurance Laws and Requirements
Kentucky requires all drivers to carry auto insurance. Mandatory auto coverage for all Kentucky drivers includes liability insurance, which protects you in the event of an auto incident where someone is injured or property is damaged. The required types of auto insurance coverage include:
- Bodily injury liability coverage helps cover you in the event that another driver or their passengers is injured. You must carry $25,000 per person or $50,000 per accident.
- Property damage liability coverage protects you if the auto incident involves damage to another person’s property, including vehicles and structures. Kentucky requires all drivers to carry $25,000 of coverage per accident.
In addition to liability insurance coverage required by the state, auto insurance companies offer policies for additional protection. If you have purchased your vehicle via financing or lease, you may be required to buy some (or all) of the following coverages:
- Comprehensive coverage pays for losses related to damage via animals, fallen objects, storms, fire and theft.
- Collision coverage helps pay for damage to your vehicle after an incident involving another vehicle.
- Gap insurance is often required when financing a vehicle and pays the difference between what you currently owe on the car and what it is worth when named a total loss.
- Uninsured and underinsured motorist coverage helps pay for damages after an incident involving another driver who lacks insurance or does not carry enough insurance to help pay for your injuries or damaged property.
- Personal injury protection insurance can pay for immediate medical expenses for yourself or your passengers in an auto accident while entering, exiting or inside the vehicle.
All data on average expenditures is provided by the Insurance Information Institute.
| Types of Coverage | Minimum State Requires |
|---|---|
| Bodily Injury Liability | $25,000 per person / $50,000 per accident |
| Property Damage Liability | $25,000 |
| Uninsured Motorist | Not required |
| Underinsured Motorist | Not required |
| Personal Injury Protection | Not required |
| Collision | Not required |
| Comprehensive | Not required |
| Gap Insurance | Not required |
Teen Driving Laws
Kentucky’s graduated driver licensing program for teens allows drivers who get their original permit at 16 or 17 years of age to practice driving safely over the course of a probation period.3 Drivers must follow restrictions, including a curfew between the hours of 12:00 a.m. to 6:00 a.m. and the number of passengers. All teen drivers must have auto insurance, either on their own or as a covered driver on their parent or guardian’s policy.
Car Registration Information
Registering your vehicle in Kentucky4 requires drivers to bring several items to the office of the county clerk, including:
- Photo ID
- Kentucky registration
- Current original proof of insurance valid in Kentucky
- Fees and applicable taxes
What is the average car insurance cost in ?
The average car insurance rate in Kentucky is $157.11,+ but your rates will differ. Depending on the type of coverage you buy, where you live, what kind of car you drive, your credit score and driving history, you may pay more or less than this amount.
Our Auto Insurance Partners in
SelectQuote helps you shop for affordable auto insurance by comparing quotes from several of our partner insurance companies at one time. We gather rates and discounts into one place and present you with an unbiased look at what makes the most sense for your budget and needs.
Home and Auto Insurance Frequently Asked Questions
From brand new home and auto customers to people looking to switch and save, there are plenty of common questions around buying insurance. We can help answer them.
How do I shop for insurance in Kentucky?
Kentucky’s department of insurance is a great resource for finding answers to state-specific questions, but buying insurance for your home or auto coverage needs doesn’t have to be complex. Determine your coverage needs, compare quotes and make a decision based on value.
How do I shop for homeowners insurance in Kentucky?
Buying homeowners insurance in Kentucky involves a few key steps, all of which can be accomplished on your own or with help.
- Determine your coverage needs. Account for the costs to rebuild your home after a disaster.
- Take a personal property inventory and keep it somewhere safe. This can help expedite property damage claims.Compare quotes from several insurance companies at one time. SelectQuote can help.
- Compare quotes from several insurance companies at one time. SelectQuote can help.
- Decide which coverage to buy based on discounts, customer service reviews and other factors.
How do I shop for auto insurance in Kentucky?
Buying auto coverage is slightly different from purchasing home insurance because Kentucky requires all drivers to carry minimum liability coverage. Let us help you determine how much coverage you need so that everyone in your car is fully protected.
- Figure out all your insurance requirements, from legally mandated coverage to anything extra required by your auto lender.
- Compare quotes from different carriers at one time. Note any discounts offered by one auto insurance company that another doesn’t provide.
- Make a decision on coverage.
Do I need mobile home insurance in Kentucky?
Mobile home insurance isn’t required by law. If you own a mobile home, however, it’s a good investment. Most mobile home owners are required to buy different insurance from traditional homeowners coverage because mobile homes face increased risks of fire and wind damage compared to stick-built homes.
Are home and auto insurance required in Kentucky?
Kentucky does not require home insurance, but your mortgage company might. Kentucky does require minimum mandated liability auto insurance.
What car insurance coverage is recommended in Kentucky?
What kind of car insurance you buy largely depends upon what kind of car you drive. In most cases, it’s recommended that you buy more than the minimum legally required liability insurance because accident costs can often skyrocket. If your vehicle is older and paid off, it may not make sense to purchase comprehensive or collision coverage if the cost of your deductible is prohibitive or greater than the value of the vehicle.
SelectQuote Can Shop Home or Auto Insurance to Help Save You Time and Money
Finding affordable home and auto insurance shouldn’t break the bank, and it definitely shouldn’t feel like a hassle. SelectQuote helps you shop for insurance and reduce the legwork!
We compare rates from several different companies at once and show you the best prices for home and auto insurance, including significant savings on bundled policies. Let us save you time and money.
- https://www.census.gov/quickfacts/KY
- https://www.statista.com/statistics/198029/total-number-of-us-licensed-drivers-by-state/
- https://drive.ky.gov/driver-licensing
- https://drive.ky.gov/motor-vehicle-licensing
+Average rates calculated are based on effective SelectQuote customer policies in Kentucky between 4/1/2022 and 3/31/2023. Rates will vary based on level of coverage, location, age, and additional determining factors.
