By Sa El Published:

Nearly 33% of the residents of Kentucky are renters, and if you are one of them, you need to know that if you rent, you will need a policy of your own if you want to protect your personal property. 

Getting renters insurance quotes online has never been this easy and the application process has never been faster.

But with so many options out there how do you choose? 

This blog post will help you find the most affordable insurance for a renter based on coverage amounts, premiums and customer service. 

Best Overall


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Lemonade has been rated A (Exceptional) by Demotech for its financial stability, and is our #1 pick. Their competitive rates and fast approval process and 100% online application earned them the 1st spot.

More Of The Best Kentucky Renters Insurance Companies Below...

Best For Customizability


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Liberty Mutual is rated A+ by A.M. Best and known for their great customer service is our second pick. 

Click below to get an accurate quote.

Best For Discounts


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Progressive is best for discounts and they have A+ ratings from both BBB and A.M. Best and is our third pick.
Click below to get an accurate quote.

Best For Educational Sources


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QuoteWizard is an insurance marketplace that helps you compare quotes across several companies.

Click below to get an accurate quote.

How Much Is Renters Insurance In Kentucky? 

The average cost of renters insurance in Kentucky is $10.41 per month or $125 per year. The cost of coverage in Kentucky is more affordable than that of the U.S. average of $187 per year by $62 or 67% annually when renting an apartment or single-family home. 

Who Has The Cheapest Renters Insurance In Kentucky? 

Lemonade has some of the best cheap renters insurance rates in Kentucky, and they offer one of the easiest and fastest ways to get renters insurance coverage.

However, renters should compare rates and policies with multiple companies to ensure they get the best deal for themselves.

With Lemonade, you can also bundle your homeowners insurance and very soon bundle auto insurance policies as well to get even lower rates on your coverage overall.

What Factors Impact The Renters Insurance Premium?

The renters insurance cost in Kentucky will vary depending on several factors such as:

Where you liveDifferent cities in Kentucky will always have a different renters insurance rate, depending on environmental risks, such as fire and crime. If your home or apartment has security cameras or you live in a gated community, this could also reduce your cost.

Your deductibleA higher deductible usually means lower monthly payments. Would you instead pay less monthly and more at once, or would you instead pay more monthly and a lower deductible if you need to use your coverage? It depends on what is best for your budget and your personal belongings.

How much coverage you needWhat items are you covering? If your belongings have a value that exceeds the minimum coverage, you might want to increase the limit on your renters insurance policies. However, such a change might increase the cost of your renters' insurance. 

THE SIMPLY INSURANCE WAY

Renters Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us.

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get renters insurance coverage within minutes of getting your quotes and applying.

What Does Renters Insurance Cover In Kentucky? 

In Kentucky, renters insurance, also called personal property insurance, covers everything you own that’s portable, temporary housing if your home becomes uninhabitable, and injuries sustained by other people at your residence.

Coverage options include:

  • Clothing Computers
  • Other electronics Furniture
  • Appliances Jewelry (up to a limit)
  • Malicious activities - theft, vandalism, riots
  • Accidents - fire, smoke damage, vehicle impact, or water damage from appliances
  • Weather – damage from the weight of snow, frozen pipes, lightning, or windstorms.

More specifically, a renters policy typically covers:

Personal Property Coverage

Personal property coverage means that if something happens to your belongings, the insurance company will give you money to replace them at either cost or current value (depending on your type of policy).

Personal Liability

Personal liability insurance will cover you if someone decides to sue you after getting hurt at your house. The insurance company will pay the legal costs and any settlement to the injured party. 

Medical Payments

Medical expenses go hand in hand with personal liability protection. So, for example, if someone sues you because they hurt themselves at your house, this coverage will take care of their medical bills.

Loss Of Use (also called Additional Living Expenses - ALE)

Loss of use coverage means that if something happens to your home and cannot live there because of the damage, your insurance company will reimburse your living costs.

What Does Renters Insurance Not Cover In Kentucky? 

Renters Insurance usually will not cover anything outside your dwelling and might not cover property damage for all perils.

Below is a list of a few things usually not covered on your renters' policy:

  • Bed bugs and pests - The majority of renter's insurance policies will not cover damages associated with bed bugs, with limited exceptions. Along with other pests, such as rodents, they are considered a maintenance issue and are therefore ineligible for coverage under your typical renter's policy.
  • Earthquake and flood damage - Renters coverage does not usually include earthquake or flood damage. Still, if you live in a high-risk area and can't get earthquake or flood coverage through your renters policy, you'll need to purchase an additional policy for those perils. But, again, speak with your renters insurance company about these options, as they're often available to add-on.
  • Car theft or damage - If you own a car, the renter’s policy will not cover damage or theft. Your best option is to purchase a comprehensive insurance package that also protects your vehicle from collisions and weather-related damage. This way, your auto and renters insurance can work in tandem.

Will Renters Insurance Cover My Roommate In Kentucky?

With such high housing costs, many Kentucky residents have roommates to offset expenses. 

However, renters insurance does not cover any damage costs associated with your roommate's belongings unless they are listed on the policy, and you split the cost of renters insurance.

Renters insurance will cover anyone listed on the policy. Thus, if your roommate’s name is on the policy, they have coverage.

However, we would not recommend adding roommates unless they are related or a spouse. Adding a non-relative to your policy may save you some money, but it will split coverage among all those assigned to the policy.

So if your policy covers up to $20,000 in damage, you and your roommate would only be covered for up to $10,000 each.

Is Renters Insurance Required By Law In Kentucky?

A renters insurance policy is usually not required by law in Kentucky, although many landlords may require it for you to live on their property. The landlord’s insurance will only cover the building you live in, so it is wise to consider protecting your property with renters insurance.

Can A Landlord Require Renters Insurance Coverage In Kentucky? 

Yes, a landlord can require renters insurance in Kentucky. Since most landlords will make renters insurance required, a landlord can have you put their name or the property manager’s name as an “additional insured” individual on the policy and also may require a minimum amount of coverage.

INSURANCE WHERE YOU LIVE

Renters insurance by state.

How To Reach The KY Department Of Insurance?

The best way to contact the Kentucky Department of insurance is by phone at (502) 564-3630 or toll-free at 800-595-6053. You can also email them at [email protected]

You can reach the Kentucky Department of Insurance at the below mailing address:

Department of Insurance

500 Mero Street, 2 SE 11,

Frankfort, KY 40601

For more information about the Kentucky Department of Insurance, you can visit their website at: https://insurance.ky.gov/ppc/new_default.aspx.

Where Can I Apply For Renters Insurance In KY? 

Applying for renters insurance in Kentucky is easy and can take just a few minutes. The best way to get quotes and apply for coverage is online because most companies have a free online process that will deliver a quote within seconds or minutes.

Here's how:

  1. 1
    Get Your Personal Information Together. You will need your name, address, and Social Security number. The online forms guide you through several questions to learn more about the rental you will be living in and what coverage you need. 
  2. 2
    View Your Instant Quote. Once you have your info, you want to click here or any of the above buttons to start the quote process. Once you have your quotes and pick the coverage option that works best for you, it's time to get covered.
  3. 3
    Start Your Online ApplicationOnce you have all of your personal information together, your next step will be to start the application. Again, this will be easy by just following the prompts after you complete your quote. 
  4. 4
    Pay For Your Policy & Print Your Proof Of Insurance. Once your policy has been approved and paid for, simply print out your proof of insurance, and you're covered.

THE SIMPLY INSURANCE WAY

Renters Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us.

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get renters insurance coverage within minutes of getting your quotes and applying.

Taking Action

If you are a tenant and live in Kentucky, it is essential for you to protect your belongings with renters insurance.

With any luck, you know everything there is to know about insurance for your rental or apartment and if insurance in Kentucky is required by law.

There is no need to wait around; you can click here or on any of the above buttons to get instant quotes and get covered today.

Frequently Asked Questions


How much is renters insurance per month in Kentucky?

Renters insurance costs $10.41 a month on average in Kentucky, however, the average cost of renters insurance varies by the size and value of your rental property, so you might find renters insurance is cheaper if it's worth less than $100K or more expensive for those with larger properties worth over $400K. 

What is the best renters insurance in Kentucky?

Kentucky's best renters insurance company is Lemonade because they have some of the best coverage options, affordable premiums and can cover you in less than 5 minutes 100% online. Lemonade offers renters insurance in Kentucky for as little as $10 per month.

Is renter's insurance worth it?

Yes, renters insurance is worth it because it protects your possessions and has other benefits such as paying for some personal property losses, such as the cost of repairing or replacing the furniture that is damaged by fire from a lightning strike. 

What is a reasonable renters insurance rate?

The average renters insurance cost in the United States is $168 per year or about $14 per month. This estimate is based on a policy for a hypothetical 30-year-old tenant with $30,000 in personal property coverage, $100,000 in liability coverage, and a $500 deductible. If you can get your monthly premiums as close as possible to your state’s average, that is a good renters insurance rate.


Sa El

About the author

Sa El is the Co-Founder of Simply Insurance and a licensed Insurance Agent with over 13 years of experience in the industry.  He specializes in Life & Health Insurance and is certified in Long Term Care Insurance in the state of Georgia. a licensed real estate agent in the state of Georgia (License #382602), an entrepreneur, insurance educator, and freelance writer.

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