Best & Cheapest Homeowners Insurance in Louisville, KY 2024
Allstate provides the most affordable homeowners insurance for homeowners in Louisville, with an average yearly quote of $1,549.
We’ve saved shoppers an average of $450 per year on their home insurance.
In our thorough examination of homeowners insurance providers in Louisville, Kentucky, Allstate emerges as the most wallet-friendly choice, with average annual rates of $1,549. However, it’s essential to note that the ideal insurer can vary based on your specific circumstances and needs.
For example, if your credit score has been impacted negatively, Nationwide stands out as the most economical option with an average yearly premium of $2,668. Conversely, if your home is older, Auto-Owners takes the lead with competitive rates of $1,958 annually and comprehensive coverage.
On the other hand, if you own a newly constructed home, USAA offers the most cost-effective solution at $1,608 per year. And for individuals with a history of claims, State Farm provides an affordable and understanding option at $3,071 annually.
Finally, if you have valuable personal property that requires protection, Allstate once again proves to be the best choice, offering extensive coverage at a reasonable $1,367 per year.
Our detailed analysis at Insuranceopedia is crafted to assist you in finding the perfect fit for your homeowners insurance requirements. Through comparing customer ratings, evaluating personal experiences, and presenting comparison charts, we aim to equip you with all the necessary information to make an informed decision.
How much is homeowners insurance in Louisville, KY?
Allstate provides the most budget-friendly homeowners insurance rate in Louisville, priced at $1,549 annually.
As shown below, rates in Louisville are slightly higher than the national average, but lower than the average rate for the state of Kentucky.
| Area | Average Monthly Rate |
| National | $1,820 |
| Kentucky | $2,561 |
| Louisville | $2,072 |
It’s important to note that insurance rates aren’t one-size-fits-all; they can vary significantly based on various factors.
Cheapest Homeowners Insurance in Louisville, KY
Our Methodology
To determine the most affordable home insurance rates in Louisville, we conducted an analysis of data from various home insurance review platforms. Some of these platforms examined rates sourced from public filings acquired by Quadrant Information Services. We have calculated an average of these rates for this review. However, it's important to note that the rates offered by each company fluctuate regularly and can vary depending on your specific circumstances. Additionally, our overall rating takes into account my subjective opinion, which is based on fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest Homeowners Insurance in Louisville, KY
Allstate stands out as the most cost-effective choice for homeowners insurance in Louisville, KY, offering an average annual rate of $1,549.
| Company | Annual Premium |
| Allstate | $1,549 |
| Travelers | $1,608 |
| State Farm | $1,667 |
| USAA | $2,478 |
| Auto-Owners | $3,464 |
Your policy’s cost is determined by various factors, such as your location, the value of your home, and your claims history. Allstate provides a well-rounded combination of affordability and comprehensive coverage.
Cheapest Homeowners Insurance If You Have an Older Home
If you have an older home, Auto-Owners provides the most affordable rates, averaging $1,958 per year.
| Insurance Company | Average Annual Premium |
| Auto-Owners | $1,958 |
| Progressive | $2,073 |
| Nationwide | $2,091 |
| State Farm | $2,689 |
| Allstate | $3,019 |
Older homes often carry distinct risks and maintenance challenges, potentially increasing insurance expenses. However, Auto-Owners provides competitive rates and comprehensive coverage specifically designed to address the requirements of older homes.
Cheapest Homeowners Insurance for Newly Constructed Homes
If you own a newly constructed home, USAA provides the most affordable option, with an average annual rate of $1,608.
| Insurance Company | Average Annual Premium |
| USAA | $1,608 |
| Nationwide | $1,698 |
| Auto-Owners | $1,996 |
| State Farm | $2,717 |
| Allstate | $3,108 |
Newly constructed homes often demand different coverage compared to older ones, and USAA excels in offering affordable policies tailored to these specific requirements.
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Cheapest Homeowners Insurance If You Have Poor Credit
If you have a poor credit score, Nationwide offers the most affordable solution, with an average annual rate of $2,668.
| Insurance Company | Average Annual Premium |
| Nationwide | $2,668 |
| Progressive | $2,686 |
| Allstate | $4,431 |
| State Farm | $4,648 |
| Auto-Owners | $16,280 |
Your credit score can have a significant impact on your insurance rates since insurers use it to assess risk. Nationwide recognizes the importance of providing fair coverage to everyone, regardless of their financial history.
Cheapest Home Insurance for a History of Claims
For homeowners with a history of claims, State Farm offers an affordable solution, with an average annual rate of $3,071.
| Insurance Company | Average Annual Premium |
| State Farm | $3,071 |
| Nationwide | $3,518 |
| Cinncinati | $3,859 |
| Allstate | $5,082 |
| AAA | $7,467 |
A history of claims can signal higher risk for insurers, typically resulting in elevated premiums. However, State Farm believes in providing second chances and offers reasonable rates for individuals with past claims.
Cheapest Home Insurance Rates for Lots of Personal Property
If you possess a significant amount of personal property, Allstate provides the most affordable rates, averaging $1,367 annually.
| Insurance Company | Average Annual Premium |
| Allstate | $1,367 |
| USAA | $1,603 |
| Travelers | $1,524 |
| State Farm | $2,465 |
| Auto-Owners | $3,440 |
As your personal property increases, so do your coverage needs, potentially leading to higher premiums. However, Allstate offers comprehensive coverage at reasonable rates, ensuring all your belongings are adequately protected.
Best Homeowners Insurance Companies in Louisville, KY
Selecting the appropriate homeowners insurance isn’t merely a requirement; it’s a strategic choice. Given Louisville’s rich history, its homes are as distinctive as its residents. Therefore, locating an insurance provider that offers thorough coverage at competitive rates becomes essential.
To simplify your decision-making process, we’ve assembled a roster of the top homeowners insurance companies in Louisville, KY. These companies have been evaluated on criteria such as annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Explore our comparison chart below to identify the ideal match for your home insurance requirements.
| Company | Annual Premium | |
| 1. | Allstate | $1,549 |
| 2. | Liberty | $1,591 |
| 3. | Travelers | $1,608 |
| 4. | State Farm | $1,667 |
| 5. | State Auto | $1,719 |
| 6. | AAA | $1,878 |
| 7. | Farm Bureau | $1,896 |
| 8. | USAA | $2,478 |
| 9. | Auto-Owners | $3,464 |
Average Home Insurance Rates by Zip Codes
The price of homeowners insurance in Louisville, KY can fluctuate greatly depending on the zip code. Below are tables displaying rates for various zip codes in Louisville, along with the five cheapest and five most expensive zip codes in the area for annual home insurance premiums.
| ZIP Code | Average Insurance Premium (Annual) |
| 40216 | $2,184 |
| 40229 | $2,055 |
| 40214 | $2,190 |
| 40272 | $2,086 |
| 40218 | $2,065 |
| 40245 | $1,939 |
Cheapest Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 40223 | $1,909 |
| 40241 | $1,908 |
| 40291 | $1,970 |
| 40220 | $1,960 |
| 40206 | $2,009 |
Most Expensive Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 40203 | $2,222 |
| 40212 | $2,240 |
| 40214 | $2,190 |
| 40216 | $2,184 |
| 40209 | $2,173 |
Average Home Insurance Rates in Louisville, KY by Deductible Amount
The chosen deductible amount for a homeowners insurance policy has a significant impact on premium rates in Louisville, KY. Here’s how the average home insurance rates fluctuate for different deductible amounts:
| Deductible Amount | Average Annual Premium |
| $500 | $1,556 |
| $1,000 | $1,457 |
| $1,500 | $1,388 |
| $2,000 | $1,297 |
| $5,000 | $1,078 |
Average Home Insurance Rates in Louisville, KY By Coverage Amount
One crucial factor that affects your premium is the dwelling coverage amount. This represents the maximum sum your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.
Below is a comparison chart outlining the average annual homeowners insurance premiums for various dwelling coverage amounts.
| Dwelling Coverage Amount | Average Annual Premium |
| $200,000 | $785 |
| $250,000 | $1,296 |
| $300,000 | $1,668 |
| $350,000 | $1,807 |
| $400,000 | $2,189 |
Average Home Insurance Rates in Louisville, KY by Company
Below is a comparison of annual premiums from leading insurance providers in Louisville.
| Company | Annual Premium |
| Allstate | $1,549 |
| Liberty | $1,591 |
| Travelers | $1,608 |
| State Farm | $1,667 |
| Farm Bureau | $1,878 |
| USAA | $2,478 |
| Auto-Owners | $3,464 |
| State Auto | $1,719 |
| AAA | $1,896 |
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How Much is Homeowners Insurance for Other Cities in Kentucky?
Here’s a comprehensive comparison chart displaying the most affordable companies and their annual premiums across different cities in Kentucky.
| City | Annual Premium |
| Arlington | $1,766 |
| Big Creek | $2,147 |
| Lexington | $1,004 |
| Glendale | $1,460 |
Getting Online Homeowners Insurance Quotes in Kentucky
With informative platforms like Insuranceopedia, discovering the ideal coverage for your specific needs is only a few clicks away. By offering swift online quotes from numerous top-rated insurers, Insuranceopedia enables you to compare rates effortlessly.
Simply input your details, and let us handle the heavy lifting by presenting you with a selection of options tailored to your needs. This allows you to confidently select a policy that provides the best value, striking a balance between cost and comprehensive coverage.
FAQs
Who has the cheapest home insurance in Louisville, KY?
Allstate offers the most affordable home insurance in Louisville, Kentucky, with an annual premium of $1,549.
What is the average cost of home insurance in Louisville, KY?
The typical expense for homeowners insurance in Louisville, Kentucky, averages around $2,072 annually.
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