Kentucky variant. This is a Kentucky-specific version of the Homeowners Insurance Estimator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Homeowners Insurance Estimator.
Homeowners insurance in Kentucky typically runs about 0.30%–0.40% of home value per year. On the $200,000 median home, that's roughly $700 annually.
What Kentucky homeowners insurance covers
Premiums fund dwelling coverage, personal property, liability, and loss of use. Kentucky's $200,000 median home value sets the baseline dwelling coverage and therefore the premium.
Local risk - wildfire, hurricane, hail, flood - drives big swings. Flood is separately insured. Use the estimator to refine the Kentucky average for your build cost and deductible.
About taxes and housing in Kentucky
Kentucky applies a flat individual income tax that the state has been gradually lowering.
Kentucky has below-average property taxes and some of the more affordable home prices in the country.
Kentucky's economy features bourbon distilling, horse breeding, automotive manufacturing, and coal in its eastern regions.
Worked example: $200,000 home
$200,000 × 0.35% ≈ $700/year ($58/month). Replacement-cost coverage, not market value, ultimately sets the premium - land value is excluded.
Quick reference
- State income tax: Flat 4.0% (decreasing toward 3.5%)
- State sales tax: 6% (plus 0.00% avg local)
- Median home value: $200,000
- Median household income: $60,183
- Effective property tax rate: 0.83%
- Avg auto insurance: $1,859/yr
Frequently Asked Questions
How much is homeowners insurance in Kentucky?
Roughly $700/year on the $200,000 median home, varying with local catastrophe risk.
Does homeowners insurance cover floods in Kentucky?
No - flood coverage is purchased separately through the NFIP or private insurers.