Covington ,KY Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Covington, KY homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Covington, KY is $1681. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Covington, KY. VHome Insurance will help you navigate the world of homeowners insurance coverages in Covington, KY.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $672 |
| $200,000 | $1,143 |
| $300,000 | $1,412 |
| $400,000 | $2,152 |
| $500,000 | $2,706 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Covington, KY, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,724 |
| $1000 Deductible | $1,541 |
| $1500 Deductible | $1,454 |
| $2500 Deductible | $1,311 |
| $5000 Deductible | $1,109 |
| Home Insurance Company Near Covington, KY | Homeowners Insurance Agency Near Covington, KY | Address |
|---|---|---|
| NA | Dobrozsi Insurance Agency Inc | 1820 1St Ave, Middletown, OH, 45044 |
| Erie | A M Peck & Company Inc. | 414 Walnut Street Suite 1000, Cincinnati, OH, 45202 |
| Erie | Baughn Insurance Group Inc. | 394 Congress Park Dr , Dayton, OH, 45459 |
| Travelers | Brands Ins Agcy Inc | 6449 ALLEN RD 2ND FLOOR, WEST CHESTER, OH, 45069 |
| State Farm | Jay Lasky | 201 W Franklin St Ste A, Centerville, OH, 45459-4700 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Fort Mitchell city, Kentucky | $101 | $134 | $201 |
| Fort Wright city, Kentucky | $100 | $133 | $200 |
| Lakeside Park city, Kentucky | $102 | $135 | $203 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Covington, KY | 5.2% | 14.9% |
| Fort Mitchell | 4.5% | 12.33% |
| Fort Wright | 4.84% | 14.74% |
| Lakeside Park | 4.29% | 12.91% |
| Covington Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 416 | 2.0% | $339 |
| $200 to $299 | 503 | 3.0% | $789 |
| $300 to $499 | 1,832 | 11.0% | $1239 |
| $500 to $749 | 6,980 | 42.0% | $1914 |
| $750 to $999 | 3,991 | 24.0% | $2664 |
| $1,000 to $1,499 | 2,382 | 14.0% | $3789 |
| $1,500 or more | 448 | 2.0% | $5439 |
| Streets in Covington Area | Homeowners Insurance Cost |
|---|---|
| W 13th St, Old Taylor Mill Rd, New Orleans Ct, Pebble Creek Dr, Augusta Ave, Bartlett Ave, Bedinger St, Philadelphia St, E 31st St, Graves Ave | $758 |
| Auburn St, Robin Ln, Vanderen Dr, Yatz Dr, W Freeman St, Short Mason Rd, Post Pl, Dakota Ave, Ludford St, Benton Rd | $785 |
| Kathleen Dr, Karlenia Ct, Brookwood Dr, E 42nd St, Morris Pl, Banklick Ave, McAlpin Ave, Lakewood Dr, Tyler Ct, Clareglen Dr | $826 |
| Virginia Ave, Holmesdale Ct, Hidden Pine Way, Liberty St, E Robbins St, Parkcrest Ln, Lorraine Ct, Collins Rd, Apple Tree Ln, Radio Rd | $845 |
| Center Ct, Holdsbranch Rd, Genevieve St, Egger Ln, Wallace Ave, Bayview Dr, Hickory Ln, Dartmouth Dr, White Ct, Bursall Ave | $786 |
| E 46th St, W 14th St, Heatherstone Ct, Hewson St, Ohio St, W John St, Chesapeake St, Elizabeth St, Sparrow Aly, Lake Ct | $789 |
| Johnson St, Livingstone St, Rosary Ct, Lynn St, E 36th St, Bracken Ct, Dale Hollow Dr, Basswood Cir, Alexandria Ave, Greenbriar Ave | $808 |
| Kollman Rd, Old Madison Pike, Doris Way Dr, McKee Ave, Angela Ct, Werner Dr, W 20th St, Kyles Ln, Short St, Prospect Ave | $826 |
| W 14th St, Church St, Squire Hill Dr, Squire Hill Ct, Harvard Dr, N Parkway Dr, S Arlington Rd, Donaldson Hwy, Emery Dr, E 7th St | $833 |
| Dry Creek Rd, Parkwood Ct, Iowa Ave, Heathermoor Blvd, Colony Dr, Dunster Ct, W 8th St, Eastland Dr, Blossom Ln, W Quarry St | $795 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Covington | $116 to $118 |
| Fort Mitchell | $120 |
| Lakeside Park | $121 |
| Kenton Vale | $113 |
| Home value ($) | Construction type | Age of home | Company | premium ($) |
|---|---|---|---|---|
| 125,000 | Frame | 29 years | Aig Property Casualty Company | 476 |
| 150,000 | Brick Veneer | 19 years | Guideone Elite Insurance Company | 749 |
| 250,000 | Masonry | 9 years | Hartford Fire Insurance Company | 874 |
| 125,000 | Frame | 29 years | Homesite Insurance Company | 726 |
| 150,000 | Brick Veneer | 19 years | Merastar Insurance Company | 636 |
| 250,000 | Masonry | 9 years | Pharmacists Mutual Insurance Company | 727 |
| 125,000 | Frame | 29 years | Federal Insurance Company | 747 |
| 125,000 | Frame | 29 years | Grange Mutual Casualty Company | 988 |
| 125,000 | Frame | 29 years | Stillwater Insurance Company | 477 |
| 250,000 | Masonry | 9 years | Westfield Insurance Company | 767 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $500 | $1,500 |
| Yearly Covington Homeowner Insurance Premium Example | $700 | $500 |
| Out of Pocket Expense During Claim | $500 | $1,500 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $6,100 | $5,500 |
| Net Savings to Covington Home Owner from High Deductible Plan | $600 | |
| Scenario | Covington, KY Home Replacement Value MORE than Home Value | Covington, KY Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $104,000 | $72,000 |
| Insurance Premium based on Replacement Value | $600 | $425 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $15,500 | Risk Exposure from Under Insuring Coverage is $16,500 |
| Premium Impact | Insurance cheaper by $100/year | Insurance costlier by $75/year |
| Insurance Company | Allstate | Chubb Group of Insurance | Farmers Insurance |
| Monthly Premium | 97 | 32 | 78 |
| Year Built | 1973 | 1965 | 1988 |
| Home Details | 5 Beds, 1 Baths | 2 Beds, 1 Baths | 4 Beds, 1 Baths |
| Coverage Amount | $200000-$250000 | $75000-$100000 | $200000-$250000 |
| Deductible | $500 Deductible | $500- $1000 Deductible | $500 Deductible |