Somerset Insurance Rates:

Somerset, KY home insurance is about $649 to $884, about $54-$73/month. Our extensive analysis reveals consumers can save as much as $306 by comparing many quotes

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Somerset Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Hartford Insurance Group
Home Insurance Rate of $470/8 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $155,000

5 Beds, 5 Baths 2220 sqft Rental Property Constructed In 1982 with Carpet Flooring, Tile Roof, Slab Foundation, Stucco siding, Stucco Construction. Home Features Include Fireplace, Deadbolt Locks, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

26 Years old Divorced Female who is a Freelancer with household income of $100-$150,000 and has No Pets and is a Smoker

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

  • 600-649 Credit Score

Home Insurance Rate of $160/4 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $140,000

3 Beds, 3 Bath 1660 sqft Vacation Property Constructed In 2012 with Hardwood Flooring, Asphalt Shingles Roof, Chainwall Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Fireplace, Indoor Sprinklers, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

74 Years old Single Female who has a Full Time Job with household income of $100-$150,000 and has 3 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $490/9 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $140,000

3 Beds, 3 Baths 1970 sqft Primary Residence Constructed In 1979 with Carpet over wood flooring, Membrane Roof, Piers Foundation, Vinyl siding, Stucco Construction. Home Features Include Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

52 Years old Divorced Male who has a Full Time Job with household income of $50-$75,000 and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 500-549 Credit Score

  • Guests at home

Home Insurance Rate of $80/1 month for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $330,000

5 Beds, 5 Bath 4200 sqft Seasonal Residence Constructed In 2007 with Hardwood Flooring, Membrane Roof, Slab Foundation, Vinyl siding, Stucco Construction. Home Features Include Indoor Sprinklers, Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

32 Years old Married Male who has a Part Time Job with household income of less than $25,000 and has 1 Pet and is a Smoker

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

  • 550-599 Credit Score

  • Seniors staying at home

Home Insurance Rate of $120/4 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $100,000

3 Beds, 3 Baths 1200 sqft Seasonal Residence Constructed In 2011 with Wood Flooring, Wood Shake Roof, Chainwall Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

26 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $430/5 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $205,000

5 Beds, 5 Baths 2730 sqft Vacation Property Constructed In 1974 with Stone Flooring, Slate Shingles Roof, Chainwall Foundation, Brick siding, Wood Frame. Home Features Include Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

35 Years old Single Male who is Unemployed and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 600-649 Credit Score

Home Insurance Rate of $290/8 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $115,000

3 Beds, 3 Baths 1570 sqft Seasonal Residence Constructed In 1997 with Wood Flooring, Metal Roof, Chainwall Foundation, Stone Siding, Stucco Construction. Home Features Include Copper Water Pipes, Fireplace, Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

27 Years old Single Male who is Unemployed and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

  • Guests at home

Home Insurance Rate of $410/7 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $305,000

4 Beds, 4 Baths 3290 sqft Seasonal Residence Constructed In 1989 with Linoleum, Composition Roof, Piers Foundation, Wood siding, Brick Frame. Home Features Include Copper Water Pipes, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

58 Years old Single Female who has a Full Time Job with household income of more than $150,000 and has 1 Pet and is a Non-Smoker

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

  • 750-799 Credit Score

  • Seniors staying at home

Home Insurance Rate of $380/4 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $315,000

5 Beds, 5 Baths 4890 sqft Primary Residence Constructed In 1987 with Ceramic Tile Flooring, Asphalt Shingles Roof, Piers Foundation, Wood siding, Stucco Construction. Home Features Include Fireplace, Copper Water Pipes, Fire Extinguisher, Swimming Pool, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

31 Years old Divorced Male who is a Freelancer with household income of $75-$100,000 and has No Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

Home Insurance Rate of $390/10 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $125,000

3 Beds, 3 Bath 1920 sqft Vacation Property Constructed In 2008 with Hardwood Flooring, Membrane Roof, Crawl Space Foundation, Wood siding, Stucco Construction. Home Features Include Deadbolt Locks, Central Air Conditioning, Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

31 Years old Single Male who is Unemployed with household income of less than $25,000 and has 3 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

  • Guests at home

Somerset, KY Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
42503 $139,500 $790

Somerset Rates & Quotes Analysis:

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

Insurance rates are influenced by a number of factors including:

  • Year Built: 3,506 Homes (20% of total homes ) built between 1990 to 1999 in Somerset are paying home insurance between $1,105-$1,116. Places close to Somerset, KY such as Bush, Winfield(TN), Oneida(TN) are more expensive by $14, $13, $24 respectively while Ferguson and Pulaski County are cheaper by $23 and $15 respectively for similar homes.
  • Bedrooms: 7,672 3 bedrooms homes (46% of total homes ) in Somerset are paying about $796. Areas near to Somerset such as Bush, Boyle County, Danville are costlier by $11, $6, $14 respectively whereas Ferguson and Pulaski County are more economical by $16, $10 respectively for similar homes.
  • Auto Insurance Bundling: 2,552 Households (26% of all households) in Somerset have 3 or more vehicles available and when it is bundled with home insurance you can save $191 and differs from Ferguson ($187), Pulaski County ($189), Science Hill ($189).
  • Senior Discounts: 5,237 seniors (more than 55 years) occupied housing units (53% of total) in Somerset get discounts between $114 to $117. The comparative concessions in proximate regions such as Ferguson, Pulaski County and Mount Victory are $112, $113 and $109 respectively.
  • New Homes discounts: New homes such as the 7,464 homes built between 2000 to 2009 in Somerset can save $153 in contrast with Ferguson ($150), Pulaski County ($151), Science Hill ($151).

Somerset Homeowners insurance Facts

  • Somerset, KY has 9,716 owner occupied houses which is 63.2% of all units whereas Ferguson, Pulaski County and Science Hill have 55.45%, 70.29% and 77.3% respectively.
  • Somerset, KY homeowners yearly insurance price at $766 is 0.63% of the typical house value of $121,200 which is in contrast with 0.81% in Ferguson, 0.74% at Pulaski County & 0.72% in Science Hill.
  • Homeowners in Somerset, KY pay 1.02% of their income ($75,000 or more) in insurance whereas homeowners in Ferguson, Pulaski County and Science Hill pay 1.0%, 1.01% and 1.01% respectively.
  • Somerset, KY’s insurance is 6.6% of monthly housing costs of $964/month, for owners with a mortgage compared to 7.75% in Ferguson, 6.69% at Pulaski County & 6.87% in Science Hill. But, for households without a mortgage, insurance is 21.3% of costs ($300 in Somerset, KY) in contrast with 20.63% in Ferguson, 22.18% at Pulaski County & 21.46% in Science Hill.

Somerset, KY Home Values & Insurance rates

For example, insurance for 647 Homes (7.0% of total homes ) valued between $200,000 to $249,999 in Somerset, KY is about $1,424. Rates in nearby areas in such as Bush, Boyle County, Berea are cheaper by $167, $120, $29 respectively while Pulaski County and Science Hill are costlier by $239 and $188 respectively for similar homes.

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

Renters Insurance in Somerset

  • Average Renters Insurance in Somerset :  $182($15/month)

  • Median Gross Rent in Somerset :  $573

  • Somerset Renters Insurance to Median Rent Ratio:  2.62%

  • Renter occupied housing units in Somerset :  5,659

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

Protective device discount in Somerset Up to :  $27

Claims-free discount in Somerset Up to :  $36