Home Insurance in Allen, Kentucky
With a median home value of $77,500, Allen is 21% lower than the Floyd County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Allen was built around 1968. About 40% of homes were built before 1960, about 20 points above Floyd County's 20%.
The housing stock in Allen is 75% single-family homes, 9% apartments in buildings with 5+ units and 12% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
14% of owner-occupied homes in Allen carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Allen has an owner-occupancy rate of 49% and a vacancy rate of 30%; unoccupied homes typically need a different coverage form.
Most homes in Allen - 79% - are primarily heated with electricity.
FEMA rates Floyd County's overall risk as Relatively Moderate, led by inland flooding (Relatively High). Floyd County had 436 active NFIP flood policies as of September 2026. See the full Floyd County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
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 | $77,500 |
|---|---|
| Median year built | 1968 |
| Owner-occupied share | 49% |
| Share of owner-occupied homes with a mortgage | 14% |
| Top county hazard | Inland Flooding (Relatively High) |
| Active NFIP policies in Floyd County | 436 |
| Home insurance premium | $1,525 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)