HomeInsuranceQts

Home Insurance in Kentucky

Kentucky's median home value is $205,600.

The typical home in Kentucky was built around 1982. About 22% of homes were built before 1960. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.

In Kentucky, the housing stock is 70% single-family homes, 12% apartments in buildings with 5+ units and 11% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

About 56% of owner-occupied homes in Kentucky have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.

About 68% of occupied homes in Kentucky are owner-occupied. The vacancy rate is 10%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.

Most homes in Kentucky - 55% - are primarily heated with electricity. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.

The statewide average premium for a standard HO-3 homeowners policy in Kentucky is $1,525 per year, according to the NAIC homeowners insurance report (2023 data).

Key figures

Median home value$205,600
Median year built1982
Owner-occupied share68%
Share of owner-occupied homes with a mortgage56%
Home insurance premium$1,525 - statewide average (NAIC, 2023 data)

Counties

Sources