Morehead Insurance Rates:

Morehead, KY home insurance is roughly $635 to $870, about $52-$72/month. Our detailed research shows customers can save upto $301 by getting many quotes

Compare Quotes from Top Providers and Save now!

Morehead, Kentucky Homeowners Insurance Reviews separate fact from fiction. Compare realistic quotes from the best home insurance providers.

Morehead Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Chubb Group of Insurance
Home Insurance Rate of $310/4 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $180,000

4 Beds, 4 Baths 2270 sqft Primary Residence Constructed In 1994 with Carpet Flooring, Asphalt Shingles Roof, Chainwall Foundation, Vinyl siding, Wood Frame. Home Features Include Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

28 Years old Married Female who is Unemployed and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

Home Insurance Rate of $580/12 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $210,000

5 Beds, 5 Baths 3500 sqft Vacation Property Constructed In 2000 with Carpet over wood flooring, Slate Shingles Roof, Crawl Space Foundation, Stone Siding, Wood Frame. Home Features Include Indoor Sprinklers, Copper Water Pipes, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

67 Years old Single Female who has a Full Time Job with household income of less than $25,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $170/6 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $85,000

3 Beds, 3 Bath 1240 sqft Vacation Property Constructed In 1970 with Ceramic Tile Flooring, Shingles Roof, Crawl Space Foundation, Stone Siding, Metal Frame Construction. Home Features Include Central Air Conditioning, Smoke Alarm, Fireplace, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

26 Years old Married Female who is Unemployed and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • Up to 499 Credit Score

  • Guests at home

Home Insurance Rate of $750/9 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $205,000

5 Beds, 5 Baths 2850 sqft Vacation Property Constructed In 2008 with Carpet Flooring, Slate Shingles Roof, Piers Foundation, Wood siding, Brick Frame. Home Features Include Deadbolt Locks, Fire Extinguisher, Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

27 Years old Single Female who has a Full Time Job with household income of $75-$100,000 and has No Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $360/10 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $110,000

3 Beds, 3 Bath 1980 sqft Vacation Property Constructed In 2010 with Hardwood Flooring, Composition Roof, Chainwall Foundation, Stucco siding, Stucco Construction. Home Features Include Fire Extinguisher, Smoke Alarm, Deadbolt Locks, Fireplace, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

37 Years old Divorced Male who has a Full Time Job with household income of $25-50,000 and has 3 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $250/4 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $265,000

5 Beds, 5 Baths 3650 sqft Vacation Property Constructed In 1998 with Linoleum, Membrane Roof, Piers Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Central Air Conditioning, Fire Extinguisher, Smoke Alarm, Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

68 Years old Divorced Male who is Retired and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 600-649 Credit Score

Home Insurance Rate of $90/3 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $95,000

3 Beds, 3 Bath 1450 sqft Seasonal Residence Constructed In 1977 with Hardwood Flooring, Shingles Roof, Crawl Space Foundation, Wood siding, Wood Frame. Home Features Include Fireplace, Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

37 Years old Divorced Male who has a Full Time Job with household income of $100-$150,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • Up to 499 Credit Score

Home Insurance Rate of $70/2 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $150,000

3 Beds, 3 Baths 2190 sqft Primary Residence Constructed In 2001 with Stone Flooring, Tile Roof, Slab Foundation, Wood siding, Wood Frame. Home Features Include Indoor Sprinklers, Central Air Conditioning, Fireplace, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

44 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

Morehead, KY Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
40351 $108,600 $770

Morehead Rates & Quotes Analysis:

Morehead Area Estimated House Insurance
Windy Cove Rd, State Hwy 801, Christian St, Lois Ln, Carey Cemetery Rd, Fair Fax Ln, Cr-1259B, Triplett View Rd, S Blair Ave, Brown St$768
S Mill Branch Rd, Erwin Rd, E Clack Mountain Rd, US Hwy 60 W, Cincinnati Br, Maple View Dr, Windmeir, 1st St, Meadowbrook Dr, Horseman Cemetery Rd$766
Rodburn Hollow Rd, Bratton Br, Possum Trot Rd, E Main St, Eagle Ridge Rd, Cornett Cemetery Spur Rd, Dewitt Cemetery, Bratton Loop Rd, State Hwy 2342, W Calvert Branch$746
Crisp Rd, Victor Way, Locust St, Withrow Mountain Rd, Vaughn Dr, Lee Ave, Catron Rd, E First St, Patties Lick Rd, Bristol Rd$742
Old Gates Rd, Robin Hood Dr, White Oak Ln, Rodburn Hollow Rd, Calvert Br, Daves Ln, Old House Crk Rd, Scaggs Rd, Harris Hill Rd, Cornett Cemetery Rd$764

Insurance rates are influenced by a number of factors including:

  • Year Built: 1,468 Homes (18% of total homes ) built between 1980 to 1989 in Morehead are paying home insurance between $1,123-$1,134. Places close to Morehead, KY such as Lakeview Heights, Hilda-Triplett, Elizaville are more expensive by $55, $11, $67 respectively while Farmers and Wrigley are cheaper by $70 and $33 respectively for similar homes.
  • Bedrooms: 751 4 bedrooms homes (9% of total homes ) in Morehead are paying about $1,069. Areas near to Morehead such as Lakeview Heights, Hilda-Triplett, Elizaville are costlier by $44, $10, $56 respectively whereas Rowan County and Wrigley are more economical by $5, $39 respectively for similar homes.
  • Auto Insurance Bundling: 1,112 Households (29% of all households) in Morehead have 3 or more vehicles available and when it is bundled with home insurance you can save $188. Discounts for similar bundling in close by locations such as Rowan County, Lakeview Heights, Wrigley come to $188, $197, $182 respectively.
  • Senior Discounts: 1,944 seniors (more than 55 years) occupied housing units (52% of total) in Morehead get discounts between $112 to $115. The comparative concessions in proximate regions such as Rowan County, Lakeview Heights and Farmers are $113, $118 and $105 respectively.
  • New Homes discounts: New homes such as the 3,447 homes built between 2000 to 2009 in Morehead can save $150 and similar new home insurance discounts in nearby towns and cities like Rowan County, Lakeview Heights and Farmers are $151, $158 and $141 respectively.

Morehead Homeowners insurance Facts

  • Morehead, KY has 3,724 owner occupied houses which is 59.5% of all units whereas Rowan County, Lakeview Heights and Farmers have 64.71%, 97.56% and 48.94% respectively.
  • Morehead, KY homeowners yearly insurance price at $753 is 0.78% of the typical house value of $96,700 which is in contrast with 0.74% in Rowan County, 0.48% at Lakeview Heights & 5.27% in Farmers.
  • Homeowners in Morehead, KY pay 1.37% of their income ($50,000 to $59,999) in insurance whereas homeowners in Rowan County, Lakeview Heights and Wrigley pay 1.37%, 1.44% and 1.33% respectively.
  • Morehead, KY’s insurance is 6.7% of monthly housing costs of $936/month, for owners with a mortgage compared to 6.6% in Rowan County, 5.56% at Lakeview Heights & 7.71% in Wrigley. But, for households without a mortgage, insurance is 22.7% of costs ($277 in Morehead, KY) in contrast with 22.47% in Rowan County, 19.89% at Lakeview Heights & 20.79% in Wrigley.

Morehead, KY Home Values & Insurance rates

For example, insurance for 202 Homes (5.0% of total homes ) valued between $90,000 to $99,999 in Morehead, KY is about $737. Rates in nearby areas in such as Rowan County, Lakeview Heights, Hilda-Triplett are cheaper by $35, $287, $91 respectively while Wrigley and Upper Tygart are costlier by $447 and $495 respectively for similar homes.

Morehead, KY Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 841 22.0% $188
$50,000 to $59,999 168 4.0% $406
$60,000 to $69,999 158 4.0% $504
$70,000 to $79,999 343 9.0% $579
$80,000 to $89,999 216 5.0% $655
$90,000 to $99,999 202 5.0% $737
$100,000 to $124,999 452 12.0% $850
$125,000 to $149,999 466 12.0% $1069
$150,000 to $174,999 283 7.0% $1265
$175,000 to $199,999 216 5.0% $1453
$200,000 to $249,999 142 3.0% $1754
$250,000 to $299,999 186 5.0% $2138

Renters Insurance in Morehead

  • Average Renters Insurance in Morehead :  $209($17/month)

  • Median Gross Rent in Morehead :  $617

  • Morehead Renters Insurance to Median Rent Ratio:  2.76%

  • Average household size of renter-occupied unit :  2.31

Morehead Renters Insurance as a Percentage of Rent

Morehead Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 192 8.0% $352
$200 to $299 141 6.0% $802
$300 to $499 461 21.0% $1252
$500 to $749 703 32.0% $1927
$750 to $999 574 26.0% $2677
$1,000 to $1,499 94 4.0% $3802

Rent Affordability in Morehead:

Approximately 60.0% (1,527) of households are spending more than 35% of their income on gross rent in Morehead

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 201 7.0%
15.0 to 19.9 percent 264 10.0%
20.0 to 24.9 percent 197 7.0%
25.0 to 29.9 percent 242 9.0%
30.0 to 34.9 percent 109 4.0%
35.0 percent or more 1,527 60.0%

Protective device discount in Morehead Up to :  $31

Claims-free discount in Morehead Up to :  $41