Updated: November 28, 2024
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In Lexington-Fayette, K.Y., AAA is both the overall best and cheapest choice for home insurance. If customer service is your priority, however, Auto-Owners Insurance is best.
Picking the best cheap home insurance depends on your needs and preferences, such as customer service, affordability and coverage options. So, choose a provider based on what is important to you.
Best HomeInsuranceLexington, KYTable of Contents
Why Trust MoneyGeek? We used information from Kentucky's Department of Insurance and Quadrant Information Services to find the top homeowners insurance in Lexington-Fayette.
Home insurance premiums in Lexington-Fayette represent the most competitive estimates available as of September 2024.
MoneyGeek found that AAA is the best home insurance option in Lexington-Fayette, K.Y., for 100K dwelling coverage, with a MoneyGeek score of 86 out of 100.
The scores for home insurance companies in Lexington-Fayette range from 45 to 86. These figures reflect MoneyGeek's scoring system, where insurers may receive different scores based on factors like your credit history or the age of your home.
| AAA | 86 | $643 |
| Nationwide | 73 | $1,036 |
| State Farm | 72 | $1,090 |
| Auto-Owners Insurance | 66 | $1,328 |
| Cincinnati Insurance | 65 | $1,063 |
| ASI | 51 | $1,066 |
| Encompass | 51 | $1,257 |
| Westfield Insurance | 45 | $1,385 |
MoneyGeek found that AAA is the best option in Lexington-Fayette, K.Y., for $100K dwelling coverage. The two best overall home insurance companies for $100K dwelling coverage are:
AAA stands out as the best home insurance provider due to its affordability and customer satisfaction, which are key contributors to its high MoneyGeek score.
In Lexington-Fayette, K.Y., there are different companies with varying costs and services. While cost is important, consider other factors like customer service and claims handling, which are vital when dealing with potential claims.
AAA scores high with MoneyGeek due to its affordability and customer satisfaction. Discounts for protective devices and seniors also help save money. Homeowners can also save up to 9% with approved alarms.
AAA offers comprehensive home insurance with scheduled personal property and landscaping coverages. These coverages protect valuable items and landscaping, which are valuable for homeowners looking to protect their homes and belongings.
MoneyGeek found that Auto-Owners Insurance is the best option when it comes to customer service in Lexington-Fayette, K.Y., for 100K dwelling coverage.
Auto-Owners Insurance excels mainly in customer satisfaction, which is a significant factor in its top MoneyGeek score. Its focus on excellent customer service means responsive support, clear communication and effective claim handling.
Auto-Owners is the best option for service quality, thanks to its high customer satisfaction and coverage scores. It offers comprehensive home insurance with guaranteed replacement costs and scheduled personal property add-ons. You can also save with discounts for paying on time or going paperless.
Auto-Owners provides equipment breakdown coverage to protect your appliances and offers building ordinance or law coverage that helps you meet local codes. These coverages are valuable for keeping your home safe and up to date.
MoneyGeek found that AAA is the best cheap home insurance company in Lexington-Fayette, K.Y., for $100K dwelling coverage. The top two best cheap insurance providers for $100K dwelling coverage are:
While cheap home insurance can save money, it may not offer the best service. However, AAA stands out due to its high affordability score and strong customer satisfaction, making it the best cheap and overall best option. In situations where affordability is the priority, considering the cheapest homeowner insurance companies could be helpful.
The best cheap home insurance is different from the cheapest because the former balances cost with quality service.
AAA is the best cheap home insurance option with a high MoneyGeek score due to its affordability. You can save with discounts for protective devices and seniors; seniors aged 50 and above can save up to 12%.
AAA offers comprehensive home insurance with scheduled personal property and landscaping coverages. These coverages help protect your home and belongings. Despite a lower coverage score, AAA's affordability and discounts make it a great option.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 24, 2024
Many factors affect homeowners insurance in Lexington-Fayette, including location. Comparing rates is the best way to save, but it often takes a considerable amount of time. Each company requires at least 15 minutes to review, leading to more than an hour if you compare three or more.
MoneyGeek's home insurance calculator helps you save instantly by focusing on key factors; simply enter your age, dwelling coverage, credit score, deductible, liability coverage and a few other details to get a rate estimate.
MoneyGeek found that AAA is the most affordable choice in Lexington-Fayette, K.Y. The cheapest options for different coverage levels are:
AAA stands out in Lexington-Fayette, K.Y., due to its low yearly cost and high MoneyGeek score of 92. Westfield’s low premium for larger coverage makes it attractive, with a solid score of 89. Choose the right amount of dwelling coverage — it significantly affects the insurance premium.
Securing the cheapest homeowners insurance in Kentucky can aid in better financial management.
| AAA | $643 |
| Nationwide | $1,036 |
| Cincinnati Insurance | $1,063 |
| ASI | $1,066 |
| State Farm | $1,090 |
| Encompass | $1,257 |
| Auto-Owners Insurance | $1,328 |
| Westfield Insurance | $1,385 |
Westfield Insurance is the best option in Lexington-Fayette, K.Y., for high-value homes. High dwelling coverage is needed because homes cost more to replace, which affects home insurance costs.
Westfield Insurance stands out due to its competitive pricing. MoneyGeek determined that it is the most affordable and its overall quality is reinforced by a high satisfaction rate.
| Westfield Insurance | $2,362 |
| Cincinnati Insurance | $4,008 |
| State Farm | $4,511 |
| Encompass | $4,525 |
| Auto-Owners Insurance | $4,563 |
| ASI | $4,773 |
| AAA | $4,902 |
| Nationwide | $6,421 |
AAA offers the cheapest home insurance for new homes in Lexington-Fayette, K.Y.
AAA stands out with its low cost for homeowner insurance in Lexington-Fayette. However, based on overall evaluations, it may not be the best. Remember, it's crucial to be adequately covered when choosing a policy.
| AAA | $311 |
| ASI | $348 |
| Cincinnati Insurance | $486 |
| Nationwide | $612 |
| State Farm | $653 |
| Encompass | $830 |
| Auto-Owners Insurance | $895 |
| Westfield Insurance | $972 |
Securing the best cheap homeowners insurance is about finding a provider that balances quality and cost. Providers in Lexington-Fayette that achieve this balance make sure you are protected from various risks to your home without breaking the bank.
To guide you through the process, MoneyGeek outlined key factors to consider to help you find the best and most affordable homeowners insurance.
To determine how much home insurance coverage you need, consider the specifics of your home in Lexington-Fayette, K.Y. Think about rebuilding costs, the value of your belongings and liability protection.
Check out insurance companies in Lexington-Fayette. Look for those with good financial ratings, positive customer feedback and a history of reliable service.
Once you know your coverage needs, compare home insurance quotes. In Lexington-Fayette, K.Y., the cost for $100K dwelling coverage can range from $643 to $1,257 annually.
Inquire with each insurer about potential discounts. You might qualify for savings by bundling policies, adding security features or maintaining a claim-free record.
Opting for a higher home insurance deductible can reduce your premium, but ensure it's an amount you can manage if you need to file a claim.
Enhancing your home's security with alarm systems and sturdy locks can lower its risk profile and potentially reduce insurance costs.
Keep a strong credit score, as it can influence your insurance rates in Lexington-Fayette, K.Y. Pay your bills on time and reduce outstanding debts.
Consider bundling your home insurance with other policies, like auto insurance. This can offer substantial discounts and savings.
The best cheap home insurance provider for you in Lexington-Fayette depends on your coverage needs and budget. Get answers to some of the most commonly asked questions about the best cheap insurance rates in Lexington-Fayette, Kentucky.
The average cost of home insurance in Lexington-Fayette, K.Y., is $888, which is lower than the average cost of homeowners insurance in Kentucky.
AAA offers the cheapest home insurance in Lexington-Fayette, with an annual premium of $643.
The best home insurance in Kentucky for Lexington-Fayette residents is provided by AAA, with a MoneyGeek score of 86 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
