Get Lexington, KY Home Insurance Rates!

For Lexington, KY homeowners or new home buyers, you will be excited to hear that comparing home insurance quotes in your local area is much easier with our online quoting application. We offer a one-stop-shop service, you can compare up to 12 rates among our best and major carriers, prices are based on price, coverage options and ratings. Simply enter your Lexington Kentucky zip code and start reviewing home insurance rates today!

The most common questions we get asked is "What does homeowners insurance cost in Lexington"? For locals living in Lexington, the average homeowners policy is around $1,174 per year, that is only $98 per month. Your Kentucky homeowners premium will be paid annually, and is handled by your mortgage company. The average home insurance rates presented here are based on a standard or basic HO-3 homeowners policy. All insurance companies seem rate risk differently so it is important to let us do the shopping for you and help answer any questions that you may have about your home, coverage options and discounts.

Helpful Tips for Homeowners Living in Lexington:

How much replacement cost coverage do I need to cover the expense to rebuild my home?
Insurers will assign a replacement cost value to your home in case it was ever in need of rebuilding due to a major peril like a fire or wind damage. The cost to replace your home is not the same as buying a home because the cost of land does not need to be factored as an expense when you need to rebuild the structure. Try our replacement cost coverage calculator to easily generate your total replacement cost coverage, you will see three options to review. Those three options are based on the current status of your home like upgraded kitchen and bathrooms. These estimates are considered on a cost per square foot pricing model.

How many people live in Lexington?
The total city area population for Lexington, KY is 299,767.

How many homes in the Lexington city limits?
The total homes in the city of Lexington is around 7,719.

What is the average Lexington household income?
The average income in the Lexington area is around $55,236.

How much do the homes in Lexington cost on average?
The average cost of a home in Lexington is estimated to be around $197,950.

Compare Homeowners Insurance Rates in Lexington, KY!

Average Rates Nearby Lexington

Are you looking for homeowners insurance in a city near Lexington? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Lexington, KY

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Lexington.

40502,     40503,     40504,     40505,     40506,     40507,     40508,     40509,     40510,     40511,     40513,     40514,     40515,     40516,     40517,     

Homeowners insurance will help cover the cost to repair or replace your Lexington home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

• Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Lexington
• Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
• Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
• Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
• Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.

Saving Money Tips on Lexington Home Insurance

A great way to save money on Lexington homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

• Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
• Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
• Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
• Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Lexington area? Check out what homeowners are paying on average for Kentucky homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

To get online quotes on your home and compare rates on home insurance premiums in Lexington, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Fayette County.

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