Best and Cheapest Renters Insurance in Kentucky for 2025 (10 Best Companies for Saving
Choose the best and cheapest renters insurance in Kentucky from top-rated companies like USAA, Geico, and State Farm, with coverage starting at $26/month.
Renters insurance is essential for protecting your belongings and providing liability coverage, as your landlord’s insurance only covers the building.
| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 |
#1 | $26 | A++ | Military Focus | USAA |
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#2 | $29 | A++ | Affordable Premiums | Geico |
 |
#3 | $36 | B | Customer Satisfaction | State Farm |
 |
#4 | $41 | A+ | Innovative Tools | Progressive |
 |
#5 | $51 | A++ | Extensive Coverage | Travelers |
 |
#6 | $60 | A | Family Oriented | American Family |
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#7 | $61 | A | Flexible Options | Liberty Mutual |
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#8 | $67 | A+ | Broad Coverage | Nationwide |
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#9 | $72 | A | Customizable Plans | Farmers |
 |
#10 | $86 | A+ | Established Reputation | Allstate |
To find cheap renters insurance in Kentucky, you should look at rankings that take into account the coverage choices, discounts offered, and the pros and cons of each insurance company. Shopping around for renters insurance quotes in Kentucky can help you save. Enter your ZIP code into our free comparison tool to get started.
What You Should Know
- USAA holds the cheapest rates & highest AM Best rating in Kentucky
- Compare minimum and full coverage rates for Kentucky renters
- Discover the renters insurance discounts available for Kentucky residents
#1 – USAA - Best for Military Focus
Pros
- Unmatched Military Benefits: USAA renters insurance offers Kentucky military renters the lowest monthly premium of $26 with specialized coverage.
- Comprehensive Protection Plan: The company provides Kentucky renters with extensive coverage at a full rate of $72.
- Service Member Flexibility: Active duty Kentucky renters can enjoy flexible payments that accommodate military deployments.
Cons
- Strict Eligibility Requirements: Only Kentucky renters with military affiliations can qualify for USAA insurance benefits.
- Limited Office Locations: The company maintains a few physical locations across Kentucky for in-person insurance consultations.
#2 – Geico - Best for Affordable Premiums
Pros
- Competitive Premium Rates: The second-lowest monthly renters insurance premium in Kentucky is $29/month.
- Multiple Discount Options: As mentioned in our Geico renters insurance review page, Geico enables Kentucky renters to stack on several discounts and save immensely.
- Digital Management Tools: Renters' policies in Kentucky can be easily managed through a user-friendly online management platform.
Cons
- Third-Party Underwriting: Many Kentucky renters' policies are managed through various partner insurance companies.
- Limited In-Person Support: Kentucky renters have minimal access to local insurance agents for personalized service.
#3 – State Farm - Best for Customer Satisfaction
Pros
- Local Agent Network: Kentucky renters can access an extensive network of nearby insurance representatives.
- Bundling Opportunities: State Farm renters insurance offers Kentucky residents significant savings through multi-policy insurance combinations.
- Educational Resources: Kentucky renters receive comprehensive guidance through detailed insurance learning tools.
Cons
- Higher Premium Range: Kentucky renters must pay moderately high rates beginning at $36 monthly.
- Coverage Restrictions: The company has set some restrictions on specialized property coverage for Kentucky renters.
#4 – Progressive - Best for Innovative Tools
Pros
- Digital Claims Process: Renters in Kentucky can file and follow claims through an advanced online system.
- Snapshot Rewards: Progressive renters insurance review highlights the company's rewards for Kentucky renters with discounts based on their property safety.
- Custom Coverage Builder: Kentucky renters insurance policyholders can use Progressive's interactive online tools to customize their coverage.
Cons
- Variable Pricing: Kentucky tenants may face regular renewal premium increases in the long term.
- Complex Discount Structure: Kentucky renters have to go through a lot of requirements to get the best savings.
#5 – Travelers - Best for Extensive Coverage
Pros
- Extensive Protection Options: Kentucky renters can choose from numerous coverage options with specialized additions.
- Green Home Benefits: Travelers renters insurance rewards Kentucky policyholders who maintain eco-friendly rental properties.
- Replacement Cost Coverage: Kentucky renters receive full-value compensation for their damaged personal belongings.
Cons
- Premium Price Point: Kentucky renters must pay higher than average rates starting at $51.
- Qualification Requirements: The company requires Kentucky renters to meet specific criteria for premium discounts.
#6 – American Family - Best for Family Oriented
Pros
- Multi-Member Benefits: American Family renters insurance provides Kentucky families with special group coverage discount opportunities.
- Generational Policies: Kentucky renters receive enhanced benefits for maintaining long-term family coverage plans.
- Family Safety Features: The business incorporates extra protection for the Kentucky families' children's personal items.
Cons
- Geographic Limitations: Kentucky renters in certain regions face restrictions on available coverage options.
- Higher Base Rates: The company charges renters insurance in KY a minimum of $60 per month.
#7 – Liberty Mutual - Best for Flexible Options
Pros
- Customizable Plans: Kentucky policyholders can select from various renters coverage options with adjustable terms.
- Accident Forgiveness: As stated on our Liberty Mutual renters insurance review page, the company protects Kentucky renters insurance rates after their first covered claim.
- Personal Property Options: Kentucky renters can customize coverage levels for their valuable possessions.
Cons
- Premium Positioning: Renters in Kentucky face somewhat high monthly rates beginning at $61.
- Coverage Gaps: The company requires Kentucky renters to purchase additional riders for certain items.
#8 – Nationwide - Best for Broad Coverage
Pros
- All-inclusive Coverage: Nationwide's renters insurance policyholders gain access to protection for multiple types of properties in Kentucky.
- Brand Reputation: The company brings decades of insurance expertise to renters insurance policies in Kentucky.
- Protection Features: Kentucky renters receive enhanced coverage options for their high-value items.
Cons
- Cost Factors: The company charges policyholders in Kentucky who have renters insurance a higher rate, beginning at $67 a month.
- Service Accessibility: Renters insurance policyholders in Kentucky may face differences in the availability of local agents.
#9 – Farmers - Best for Customizable Plans
Pros
- Flexible Policy Design: People in Kentucky who have renters insurance can design coverage plans that fit their specific needs.
- Claims Guidance: The company provides Kentucky renters with step-by-step support during claims.
- Coverage Options: Kentucky renters can select from multiple protection levels with various add-ons.
Cons
- Premium Rates: Farmers renters insurance requires Kentucky renters to pay higher rates starting at $72.
- Service Limitations: In some places in Kentucky, people who rent homes can't get all the insurance help they need.
#10 – Allstate - Best for Established Reputation
Pros
- Proven Experience: Kentucky renters benefit from Allstate's long history of insurance expertise.
- Claims Network: Allstate renters insurance provides Kentucky residents with extensive renters insurance support during claims processing.
- Protection Options: Renters insurance policyholders in Kentucky can access comprehensive coverage selections backed by experience.
Cons
- Highest Premiums: The company charges Kentucky renters the highest rates, starting at $86 monthly.
- Strict Requirements: Kentucky renters must fulfill detailed criteria to qualify for discount programs.
Top Renters Insurance Companies in Kentucky: Compare Coverage Rates
On average, USAA offers the best and cheapest renters insurance rates in Kentucky among the most popular renters insurance companies. USAA is only available to active and former United States military members, though. If you aren't eligible for USAA, the next cheapest insurer is Geico.
While renting an apartment in Kentucky, you can look into buying renters insurance. The cheapest renters insurance for apartments varies based on factors specific to you and the company you choose. Some companies may offer renters insurance in Kentucky for a cheaper rate than others. In the table below, you can see the monthly renters insurance prices in Kentucky by company:
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
|
$86 | $236 |
|
$60 | $164 |
|
$72 | $197 |
|
$29 | $80 |
|
$61 | $168 |
|
$67 | $184 |
|
$41 | $111 |
|
$36 | $98 |
|
$51 | $139 |
|
$26 | $72 |
Renters insurance usually covers personal property, liability, and loss of use. It is also possible to add identity theft and other protections and higher coverage limits for valuable items.
Renters insurance helps college students and their parents protect their personal belongings and finances, no matter where they live. https://t.co/lTMqfzsL4p pic.twitter.com/Lm6EXm7KGw
— USAA (@USAA) July 11, 2023
Understanding how to get affordable renters insurance in Kentucky involves evaluating your needs and comparing providers. To get the right coverage level, consider your belongings' value, potential risks, and the need for additional protections, such as flood insurance in Kentucky.
Save on Renters Insurance in Kentucky: Discounts and Exclusions
When seeking the most affordable renters insurance in KY, understanding the available discounts is essential. Tips for saving money on renters insurance in Kentucky include taking advantage of common renters insurance discounts in Kentucky, such as bundling auto and renters insurance in KY, which many top providers offer.
| Insurance Company | Available Discounts |
|---|---|
|
Bundling, Claims-Free, Home Security System, Pay-in-Full |
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Bundling, Claims-Free, Home Security System, Good Credit |
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Bundling, Claims-Free, Home Security System, Pay-in-Full |
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Bundling, Claims-Free, Home Security System, Automatic Payment |
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Bundling, Claims-Free, Home Security System, Pay-in-Full |
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Bundling, Claims-Free, Home Security System, Good Credit |
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Bundling, Claims-Free, Automatic Payment |
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Bundling, Claims-Free, Home Security System, Good Credit |
|
Bundling, Claims-Free, Home Security System |
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Bundling, Claims-Free, Home Security System, Good Credit |
Discounts such as bundling policies and good credit can significantly reduce your premiums. However, it is important to remember what renters insurance does not cover, such as flood damage, which requires separate coverage.
By exploring these discounts and knowing Kentucky renters insurance coverage exclusions, you can effectively lower your insurance costs and save more money.
Kentucky Renters Insurance Guide
Before you purchase a policy from one of the best renters insurance companies in Kentucky, it's important to understand what your policy covers. For example, did you know that many renters insurance like in Louisville, KY policies include liability protection in the event a non-resident is injured on the property? Plus, if your apartment becomes uninhabitable from an incident, some policies may cover your expenses as you find temporary housing.
Kentucky's Property Crime Statistics
Theft and vandalism or malicious mischief are among the 16 perils a standard renters insurance policy protects you from. So, how does crime in Kentucky compare to other states around the country? The FBI published the following statistics on crime in Kentucky for 2016:
- Property crime - 97,158
- Burglary - 20,834
- Larceny theft - 66,438
Kentucky's property crime rate and larceny theft rate, per 100,000 inhabitants, rank below the national average. While Kentucky's burglary rate is in line with the national average.
An analysis of Kentucky's renters insurance landscape reveals several interesting patterns across claims, accidents, and pricing. The most frequent claim type is theft at 30%, though liability claims, while only representing 10% of cases, carry the highest cost per claim at $15,000.
| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Theft | 30% | $1800 |
| Fire/Smoke Damage | 25% | $5000 |
| Water Damage | 20% | $2500 |
| Wind/Hail Damage | 15% | $3000 |
| Liability Claims | 10% | $15000 |
Louisville leads the state in both accidents and claims, with 1,800 and 1,620 per year respectively, followed by Lexington, which has 1,200 accidents and 1,080 claims annually.
| City | Accidents per Year | Claims per Year |
|---|---|---|
| Bowling Green | 900 | 810 |
| Covington | 600 | 540 |
| Florence | 250 | 225 |
| Frankfort | 400 | 360 |
| Hopkinsville | 500 | 450 |
| Lexington | 1,200 | 1,080 |
| Louisville | 1,800 | 1,620 |
| Owensboro | 700 | 630 |
| Paducah | 350 | 315 |
| Richmond | 300 | 270 |
Insurance providers offer substantial discounts, with bundling policies providing the highest savings at 25% through major carriers like State Farm and Allstate.
| Discount Name | Grade | Savings | Participating Providers |
|---|---|---|---|
| Bundling Policies | A | 25% | State Farm, Allstate, Nationwide, Farmers |
| Safety Features | A | 20% | Liberty Mutual, Geico, Travelers |
| Claims-Free History | B | 15% | Progressive, American Family |
| Paperless Billing | B | 10% | Liberty Mutual, Allstate |
| Pay-in-Full | B | 10% | Nationwide, State Farm |
The state's insurance market shows strength in claim size and premium affordability, both receiving 'A' grades, though the uninsured renters rate receives a concerning 'C' grade.
Despite moderate weather-related risks and slightly above-average theft rates in urban areas, Kentucky maintains below-national-average premium rates, making insurance relatively accessible to renters.
| Category | Grade | Explanation |
|---|---|---|
| Average Claim Size | A | Claims tend to average around $1,800 per event. |
| Premium Affordability | A | Renters insurance premiums are below the national average. |
| Weather-Related Risk | B | Moderate risk of tornadoes and flooding in certain areas. |
| Theft Rates | B | Theft rates in city areas are a little higher than average. |
| Uninsured Renters Rate | C | A significant percentage of renters do not carry insurance coverage. |
This accessibility is further enhanced by various discount opportunities, with safety features offering up to 20% savings through providers like Liberty Mutual and Geico.
Best Renters Insurance in KY: Top Insurers for Savings
USAA, Geico, and State Farm would be the top options to look for the best and cheapest renters insurance in Kentucky. USAA provides the lowest premiums and customized coverage for military families, while Geico provides multiple discounts for a budget-friendly option. State Farm stands out for its customer satisfaction and educational tools.
Top ways customers say they've saved money on renters insurance include bundling policies, using safety feature discounts, and maintaining good credit. These providers offer excellent protection and value for Kentucky renters. Stop overpaying for your insurance by entering your ZIP code to find cheap renters insurance in your area.
Frequently Asked Questions
Do college students in Kentucky need renters insurance?
College students renting off-campus in Kentucky, like those at the University of Kentucky, should get their own renters insurance to protect their belongings, as they aren't covered under their parents' policy. It's best for each student to have separate coverage rather than sharing with roommates.
Read More: Renters Insurance Simplified for Millennials
How can you save money on your renters insurance in Kentucky?
To lower your Kentucky renters insurance premium, consider raising your deductible, bundling policies, or asking about discounts for safety features and automatic payments. Always shop around and get quotes from at least three providers to find the most affordable rate.
Is renters insurance required in Kentucky?
No, renters insurance is not legally required in Kentucky. However, some landlords may mandate it as part of the lease agreement.
See which companies have the cheapest rates for you by entering your ZIP code in our free comparison tool.
Who is most likely to purchase renters insurance?
Renters insurance is commonly purchased by tenants renting apartments, condos, or homes, especially those with valuable possessions or those who want liability coverage.
Can you self-insure in Kentucky?
While you can technically self-insure, it's generally not recommended. Self-insurance does not provide the same protection as renters insurance, which can save you from significant financial loss.
What is the deductible for renters insurance?
The deductible for renters insurance typically ranges from $250 to $1,000, depending on the policy and coverage options you choose.
Can I get renters insurance quotes in smaller Kentucky communities?
Yes, whether you're looking for renters insurance quotes in Beaver Dam, KY or any other small town, most major insurance providers offer coverage throughout Kentucky.
What does Kentucky renters insurance cover?
Kentucky renters insurance typically covers personal property, liability, and additional living expenses if your rental becomes uninhabitable due to a covered event like fire or theft.
Read More: Does renters insurance cover theft?
How do renters insurance rates vary between Louisville and Lexington?
While both cities offer cheap renters insurance, Louisville, KY as well as cheap renters insurance in Lexington, KY rates may differ based on factors like crime rates, weather risks, and property values in specific neighborhoods.
How much is renters insurance in Kentucky?
Renters insurance in KY on average costs between $15 and $30 per month, depending on the coverage tier. Renters insurance in KY by coverage tier typically varies, with basic policies costing less and more comprehensive coverage options priced higher.
What are the Common natural disasters in Kentucky?
Kentucky is prone to natural disasters such as tornadoes, severe storms, floods, and winter storms. These events can cause significant damage, making renters insurance an essential safeguard for residents.
Enter your ZIP code to get personalized insurance quotes tailored to your needs and budget.