Popular Questions about Kentucky Renters Insurance

  • National yearly average: $188
  • Kentucky yearly average: $170

On average, Americans pay $188 per year for their renters insurance. Kentucky renters pay on average of about $170 per year. Make sure you're getting the best rate by comparing quotes from a variety of insurance companies with the help of a Trusted Choice® independent insurance agent. It's important, considering you never know what kind of weather or crime you may encounter. It's a small price to pay to be prepared against an unexpected break-in or flooding so that you can stay financially stable.

Accidents happen. If you're renting your apartment or home, you need the proper protection from unexpected situations. But first, you need to know what kind of protection you have. Here's what your renters insurance does for you:

  • Pays for someone else's injuries or property damage when it's your fault. Example: You accidentally cause water damage that spreads to neighboring units.
  • Pays for repairs to your belongings. Example: Someone breaks into your apartment and steals your brand-new TV.
  • Pays for temporary living expenses when your home is damaged. Example: You need a hotel while your apartment gets repaired after a kitchen fire. 

Kentucky does not require every renter to have insurance.  But your lease might, so check it to see. If it does, you'll need coverage that will pay for accidental damage. Most landlords and rental companies have similar requirements to ensure that their tenants are prepared for accidents they cause or may inadvertently be a part of.

Just because you don’t own your apartment doesn’t mean that you can’t suffer a loss. Apartment buildings are still subject to fires and flooding. If you lost all your personal belongings in a fire, how would you start over? The landlord’s policy will only cover damage to the apartment. Don’t make the mistake of assuming it also covers your personal property. While there is no legal obligation to purchase Kentucky renters insurance, it’s a good idea.

Find the Best Renters Insurance in Your City

Renters Insurance By The Numbers

Average renters insurance cost $117 Year

National average cost to rent in US $1,825 Per month

Personal Lines

Most common type of disaster in U.S. Flood

  • Louisville
  • Monthly average Renters insurance cost

Average cost of Louisville renters insurance: $22 per month

Depending on the neighborhood and the apartment complex you live in, your renters insurance could be higher or lower than this. Factors like your gender, your claims record and whether you have any pets can impact how much you pay, so keep these things in mind when shopping for insurance.

Here are some city factors that will affect your rate:

Property Crime Rate: 1 in 23 people experience property crime in Louisville.

Louisville is generally a safe area, but a break-in can happen when you least expect it, and your property can be stolen without warning. Know the risk you face by digging deeper into the most common types of property crime in your neighborhood.

Weather: Floods, Storms, Tornadoes

The greater the weather risk in your city, the more likely it is that your housing unit could be damaged. The top natural disasters in Louisville are shown here so you can see what you're up against — and what kind of protection needs to be addressed in your renters insurance policy.

  • Lexington
  • Monthly average Renters insurance cost

Average cost of Lexington renters insurance: $20 per month

A number of factors go into determining how much you should pay for renters insurance. It depends not only on where you live and what kind of apartment complex you live in. but also on your age, gender and any pets you may have. That means your monthly cost could be higher or lower than this.

Here are some city factors that will affect your rate:

Property Crime Rate: 1 in 24 people experience property crime in Lexington.

The average property crime rate in Lexington isn't too high, which can help keep insurance rates relatively low. But it's still something you should be aware of. Even if you have a security system in place, a criminal can break in and steal personal property without a moment's notice.

Weather: Floods, Storms, Winter storms

Another factor to consider? Weather risk. Each geographical location has its own unique weather patterns, some of which can severely damage property and should be addressed in your renters insurance policy.

  • Owensboro
  • Monthly average Renters insurance cost

Average cost of Owensboro renters insurance: $21 per month

Take this rate with a grain of salt. Your monthly cost will vary, since it's unique and customized to your specific rental situation. Your neighborhood, apartment complex and claims history will all be taken into account.

Here are some city factors that will affect your rate:

Property Crime Rate: 1 in 27 people experience property crime in Owensboro.

You should have a security system in place (or ask your complex to install one), since crimes can happen when you least expect it. It's important to be prepared if a burglar breaks in, and damages property or steals your valuables.

Weather: Floods, Storms, Tornadoes

It makes sense that flooding is the No. 1 weather-related type of property damage, since Owensboro is located on the Ohio River. But other storms can strike and wreak havoc. It's something your renters insurance policy should cover and protect against, just in case.