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Somerset, KY Home Values & Insurance Rates

Somerset, KY Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,265 13.0% $153
$50,000 to $59,999 429 4.0% $329
$60,000 to $69,999 387 4.0% $405
$70,000 to $79,999 642 6.0% $467
$80,000 to $89,999 588 6.0% $536
$90,000 to $99,999 522 5.0% $597
$100,000 to $124,999 1,207 13.0% $689
$125,000 to $149,999 1,120 12.0% $865
$150,000 to $174,999 1,169 12.0% $1026
$175,000 to $199,999 551 5.0% $1179
$200,000 to $249,999 647 7.0% $1424
$250,000 to $299,999 484 5.0% $1738
$300,000 to $399,999 223 2.0% $2206

Somerset Renters Insurance as a Percentage of Rent

Somerset Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 315 6.0% $345
$200 to $299 407 8.0% $795
$300 to $499 1,005 19.0% $1245
$500 to $749 2,266 44.0% $1920
$750 to $999 863 17.0% $2670
$1,000 to $1,499 193 3.0% $3795

Example Somerset Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company AllstateErie InsuranceNationwide Insurance
Monthly Premium 4152129
Year Built 199419882009
Home Details 3 Beds, 1 Baths4 Beds, 2 Baths5 Beds, 3 Baths
Coverage Amount $125000-$150000$175000-$200000$300000-$350000
Deductible $5000 to $10,000 Deductible$2500-$5000 Deductible$500- $1000 Deductible

Top Home Insurance Agents Near Somerset, KY

Home Insurance Company Near Somerset, KY Homeowners Insurance Agency Near Somerset, KY Address Distance from Somerset, KY (miles)
Cundiff & Company Insurance, Inc. 525 Ogden St, Somerset, KY, 42501 2.1
Allstate Charles Cromer 705 W Highway 80, Somerset, KY, 42503 2.8
Liberty Mutual Independent Cumberland Valley Ins Mgt Inc 412 N Broad St, London, KY, 40741 28.2
Nationwide Donald Brian Darnell 448 W Main St, Danville, KY, 40422-1813 40.9
State Farm Tom Shelton 1260 S Highway 25 W, Williamsburg, KY, 40769-1690 33.7


Estimated Home Insurance By Street Area Near Somerset, KY

Somerset Area Estimated House Insurance
Cabin Hollow Rd, Pitman Creek Rd, Spring Crest Dr, Fawn Run, E Plum St, Old Jacksboro Rd, Harts Place Dr, Lisa Dr, Mercer Rd, Nelson Valley Acres$739
McKenzie Rd, Hideaway Dr, Bryant St, Pumphouse Rd, Skyview Dr, Dogwood Ln, Ash St, Bobtown Rd, Chappel Dairy Rd, Country Hill Dr$807
W R Monday Way, Anderson Dr, Meadow Sweet Dr, Clover Pointe Dr, Linda Ln, McKinley St, Buck Dr, Cr-1988, Neighborly Way, Cr-1872$755
White Oak Cir, Freshman Aly, Morgan St, Keeney St, Burnett Rd, Roy Ham Rd, State Hwy 1674, State Hwy 1577, Ferry Rd, State Hwy 1642$790
Parkview Ct, Terry Ln, B Goff Rd, Jackson Rd, Shoreline Dr, Cedar Grove Ct, Creekside Dr, Fairway Ct, Surrounding Hills Dr, Omega Park Rd$763
Colebury Dr, Cr-1139C, Burdine St, College St, Bradens Way, Melrose Dr, Gover Mill Rd, Charley Beasley Loop, Troon Ct, Little Creek Rd$778
Cr-1358L, Grundy Rd, Williams St, W Bolton Dr, Cr-1358K, Knosp St, Lookout St, Spring Meadows Dr, Sandlewood Way, Pine Hill Rd$770
Isie St, Falcon Trl, Cr-1197Q2, Unity Hill St, Laura Ln, Spring Valley Dr, Crawford Ave, Ogden St, Freedom Way, Ky 2747$755
Graysons Way, Ironwood Dr, Hidden Valley Rd, Oak Grove Ln, Pulaski St, Columbia St, Cs-1131, Cooper Dr, Wood Ct, Ross St$793
State Hwy 769, Rolling Green Acres, Whisper Woods Dr, Bogle St, Cr-1562Q4, Farmer St, Shopfield Rd, Fourth Ward St, Falcon Vw, Quail Run$741

Somerset, KY Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$900$2,900
Yearly Somerset Homeowner Insurance Premium Example $1,000$600
Out of Pocket Expense During Claim$900$2,900
Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim $7,900$7,100
Net Savings to Somerset Home Owner from High Deductible Plan $800

Somerset, KY Home Insurance Costs With Home Replacement Value Scenarios

Scenario Somerset, KY Home Replacement Value MORE than Home Value Somerset, KY Home Replacement Value LESS than Home Value
Replacement Value $179,500 $138,500
Insurance Premium based on Replacement Value $1,050 $825
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $24,500 Risk Exposure from Under Insuring Coverage is $16,500
Premium Impact Insurance cheaper by $100/year Insurance costlier by $125/year