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.

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Updated: 06 April 2024
Written by
Bob Phillips
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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.

For example, your personal driving history is crucial; having a record with traffic violations or accidents usually results in higher premiums compared to having a clean record. The type and model of your vehicle also matter, as high-performance or luxury cars often cost more to insure.

Your location can impact rates as well, with densely populated urban areas typically facing higher rates due to increased risks of theft or accidents. Additionally, factors like age and marital status can also influence your car insurance premiums.

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.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

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.

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

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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