Lexington Homeowners Insurance (August 2025)
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Home insurance in Lexington, KY, costs around $1,209 yearly. It is lower than Kentucky’s rate of $2,049 and the national average rate.
Lexington is Kentucky’s second-biggest city, with more than 500,000 people. Lexington is also a family-friendly city with reasonable living costs. However, since Lexington is in a humid subtropical climate, hot and humid summers, and mild winters are common. Extreme weather conditions like this can cause flooding, thunderstorms, high temperatures, and tornadoes.
So, residents must always be ready to brace the extreme weather conditions. And having home insurance coverage is the best way to offer protection to your home. Are you looking for homeowners insurance in Lexington? We have got that covered!
Key Takeaways
- Lexington home insurance costs around $1,209 yearly on average.
- Insurers offer premiums starting at around annually.
- Always ensure to buy flood insurance additionally.
Home insurance coverage options in Lexington
Most home insurance policies offer some standard coverage. But, to add extra protection for your home, you can buy the following coverage also.
- Flood insurance: Typically, home insurance policies don’t cover flood insurance. So you must also buy it via a private insurer or FEMA’s National Flood Insurance Program (NFIP).
The cheapest home insurance companies in Lexington
As a homeowner, you’ll always wish to buy the cheapest home insurance in Lexington, KY. You must get quotes from all insurers, compare, and buy one. With a yearly average rate of $644, Travelers offers the most affordable Lexington homeowners insurance.
| Insurer | Average annual rate |
|---|---|
| Travelers | $644 |
| Allstate | $785 |
| USAA | $833 |
| State Farm | $945 |
| Auto-Owners | $1,832 |
Lexington homeowners insurance prices by coverage level
Your chosen coverage level will also impact the cost of your homeowners insurance in Lexington, KY. Homeowners with $100,000 in dwelling coverage pay an average of $659 yearly. Whereas those with up to $400,000 in coverage pay around $1,786 annually.
| Dwelling coverage cost | Average annual rate |
|---|---|
| $100,000 | $659 |
| $200,000 | $1,053 |
| $250,000 | $1,190 |
| $400,000 | $1,786 |
Lexington home insurance rates by ZIP code
The cost of home insurance in Lexington, KY, varies by neighborhood. The number of claims filed in your nearby area is one of the factors that insurance companies consider when pricing your policy.
Affordable home insurance areas in Lexington
The area with ZIP Code 40505 has the most affordable home insurance rates in Lexington.
| ZIP Code | Average annual rate |
|---|---|
| 40505 | $1,430 |
| 40511 | $1,434 |
| 40502 | $1,440 |
Expensive home insurance areas in Lexington
However, some areas of Lexington have higher home insurance premiums. These parts of the city may be more susceptible to extreme weather, theft, or fires, which insurance companies consider risky. The most costly ZIP Code in Lexington for home insurance is 40503.
| ZIP Code | Average annual rate |
|---|---|
| 40503 | $1,461 |
| 40514 | $1,457 |
| 40515 | $1,454 |
Cheapest home insurance companies in Lexington for newly constructed homes
New homes are cheaper to insure. It is because the construction materials used are new and resistant to damage. So, there are fewer chances for homeowners to file a claim. With an average annual rate of $481, Travelers offers the most affordable home insurance in Lexington, KY, for a new home.
| Insurer | Average annual rate |
|---|---|
| Travelers | $481 |
| USAA | $564 |
| Allstate | $576 |
| State Farm | $712 |
| Auto-Owners | $1,331 |
Cheapest home insurance companies in Lexington if you have a lot of personal property
Homeowners with high-value items may increase their personal property coverage to protect their belongings. However, depending on how much you add, this may raise your premiums. With an average annual rate of $681, Travelers offers the most affordable home insurance in Lexington, KY, for added personal property coverage.
| Insurer | Average annual rate |
|---|---|
| Travelers | $681 |
| USAA | $855 |
| Allstate | $890 |
| State Farm | $965 |
| Auto-Owners | $1,936 |
Cheapest home insurance companies in Lexington for high deductibles
Deductible means the amount you pay from your pocket before the insurer covers your claim. Generally, the higher the deductible, you’ll pay more out of pocket if you submit a claim. With an average annual rate of $575, Travelers offers the most affordable home insurance in Lexington, KY, for high deductibles.
| Insurer | Average annual rate |
|---|---|
| Travelers | $575 |
| Allstate | $653 |
| USAA | $731 |
| State Farm | $849 |
| Auto-Owners | $1,605 |
Home and auto insurance bundling in Lexington
If you want to save on your Lexington home insurance, you can insure your home and car with the same insurer. Bundling multiple policies can decrease the cost of your home insurance in Lexington.
| Insurer | Average annual rate |
|---|---|
| Kentucky Farm Bureau | $869 |
| State Farm | $1,137 |
| Liberty Mutual | $1,438 |
| Progressive | $1,488 |
Cheapest home insurance companies in Lexington if you have poor credit
Insurers will check your credit score before providing you with a policy. So having a bad credit score means you pay higher premiums. With an average annual rate of $1,207, Travelers offers the most affordable home insurance in Lexington, KY, for a homeowner with poor credit.
| Insurer | Average annual rate |
|---|---|
| Travelers | $1,207 |
| All state | $1,494 |
| Auto-Owners | $1,832 |
| USAA | $2,046 |
| State Farm | $2,112 |
Home insurance discounts in Lexington
How else can you save money on Lexington home insurance? Use the insurance company’s discounts.
- Bundling or multi-policy discounts: Purchasing your house and auto insurance policies from the same company can help you save money on homeowners insurance in Lexington.
Getting online homeowners insurance quotes in Lexington
To get home insurance quotes online in Lexington, homeowners must provide the following information.
- The replacement cost of your home: It is the cost of repairing your home if it gets destroyed by one of the covered perils. This cost also fixes the dwelling coverage limits in your insurance policy.
- The value of your personal property: The overall value of the personal properties you want to insure influences the cost of your home insurance in Lexington, KY.
- Information about your house: To get a more accurate home insurance quote, insurers must know your home’s details, like its age, area, and any built-in safety measures, among other things.
- Personal information: To get online home insurance quotes, you must provide your address, claim history, credit score, and the number of occupants in your house.
How to buy homeowners insurance in Lexington
Many factors to consider when purchasing a homeowners insurance policy can be misleading. So, here are a few factors you must consider when buying Lexington home insurance.
- Reach out to a licensed Way agent: Our expert insurance agents will assist you in determining how much coverage you need and which insurer provides at the lowest rate.
- Ask about the FAIR plan: Certain risk factors may make getting coverage from traditional insurers difficult. If at least three Lexington insurers have declined you, the Kentucky FAIR plan is your last possibility.
- Buying flood insurance: Because most home insurance policies do not cover flood damage, you may wish to purchase flood insurance if you reside in a flood-prone area.
- Fix the deductible: A higher deductible will help you save money, but it may not be worth it if you have a lot of deductibles to pay throughout the year. Consider the risk factors when determining how much money you can pay yourself during a claim.
- Compare quotes from a Way agent: A Way agent will obtain quotes from multiple insurers to help you select the best coverage for your needs.
- Sign the policy and pay your initial premium: The Way agent will handle the required paperwork once you choose the coverage. All you have to do is sign and pay your initial premium.
Bottomline
The cost of home insurance in Lexington, KY, is lesser than the state and national averages. But you can even get a cheaper insurance policy if you get the quotes from all insurers, compare, and buy. Since the city is susceptible to flooding, always buy extra flood insurance. Using your insurer’s discounts can also reduce the cost of your Lexington homeowners insurance policy.
FAQs
How much is home insurance in Lexington, KY?
On average, homeowners insurance in Lexington, KY, costs around $1,209 annually.
What is the cheapest homeowners insurance company in Lexington?
Our research found that Travelers is the cheapest home insurance company in the city, with a yearly average rate of $644.
What is the average cost of homeowners insurance in Lexington?
The average cost of Lexington home insurance is around $1,209 yearly.
How much is home insurance a month in Kentucky?
Kentucky home insurance costs around $171 monthly.
Do you need homeowners insurance in Kentucky?
No. The law doesn’t mandate having one. But you should buy one if you have a mortgage on your home, as your lender requires it.
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