Albany, KY Home Insurance Quotes!
We provide competitive homeowners insurance rates for your home located in Albany, KY. Our quoting process makes it simple for homeowners to find great coverage by comparing multiple rate options against 12 major home insurance carriers that are competing for Albany home insurance business. The majority of our carriers are rated highly by A.M. Best so you can trust our process and the benefits of working with a specialized homeowners insurance agent.
Getting Albany, KY homeowners insurance quotes is very simple and only takes a few minutes. You can start the online quoting process by entering your zip code of the property you would like to insure. Once you submit an online quotes request our licensed agent will begin working on your quote right away. Our agents have the ability to compare up to 12 coverage options but it does take a few minutes to generate all of the quotes and compare which one is best for you. Once our agent has finished comparing your premiums, they will provide the most affordable and best homeowners insurance option for your home in Albany. Start your home insurance quote today!
Albany, KY Housing Data
The city of Albany in Kentucky is roughly around 2,033 residents in population size with 923 occupied homes within the city of Albany. The average family household in Albany is 491.
| Demographic | Values |
|---|---|
| Population | 2,033 |
| Total Occupied Households | 923 |
| Family Households (families) | 491 |
| Average Owner Occupied Household Size | 2.14 |
| Average Family Size | 2.90 |
| Total Housing Units | 1080 |
Homeowners Insurance Rates in Albany
Let's talk homeowners insurance for Albany residents that are now finding more hassle free ways to shop and compare rates easily online with GetHomeInsuranceQuotes.com. Kentucky may not be considered the cheapest state in the country to buy home insurance, it does rank lower than average at a national rank of 28. Residents of Albany, KY are currently paying $878 (per year) for homeowners insurance coverage on average, where the cost of home insurance in Albany will range from the cheaper side of $628 a year to more expensive home insurance premiums in the $1,178 range per year. These average home insurance rates reflect the annual premium of a standard home insurance policy which includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage. Average rates do not include wind and hail coverage, hurricane insurance, earthquake or flood insurance. Let us help you shop the best rates and coverage options for your home.
Finding the best home insurance rates online is easy with GetHomeInsuranceQuotes.com. Please allow our service to provide savings of up to 40% for you and your family. First, enter your zip code to start shopping local Albany, KY home insurance rates. Once you submit your online quotes request, we can compare the right coverage and premium option that best fits the coverage you need at the right price. We provide a free consultation to allow you to review the policies and ask questions to help alter the coverages and rates. Our process is free and only takes a few minutes of your time. Thousands of Albany homeowners every month trust our home insurance shopping service. Try it today and save more on your home insurance premium!
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Average Rates Nearby Albany
Are you looking for homeowners insurance in a city near Albany? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
Home Insurance Rates by Zipcode in Albany, KY
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Albany.
Albany, KY Home Insurance Average Premiums
$628 /yr.
For the city of Albany, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
| Coverage Amount: | Annual Premium |
|---|---|
| 1800 sq. ft. or below (discounts applied) | $628 /yr. |
| Average Coverage: | $878 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1178 /yr. |
What is the average home insurance cost for a home in Albany, KY?
- • The average homeowners insurance premium paid annually for a home in Albany is around $878 per year.
What does it cost on average per month for home insurance in Albany, KY?
- • Homeowners in Albany pay an average cost per month around $73.00 for insurance coverage.
Albany, KY - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $129,223 | $110,474 |
| February | $130,613 | $113,584 |
| March | $132,166 | $117,144 |
| April | $133,543 | $119,851 |
Homeowners insurance will help cover the cost to repair or replace your Albany home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Albany
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Get up to 12 competitive Albany, KY homeowners insurance rates all in one place! |
Saving Money Tips on Albany Home Insurance
A great way to save money on Albany homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Albany area? Check out what homeowners are paying on average for Kentucky homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
| Elevation | Details | Homeowners Tips |
|---|---|---|
| 961 ft. | This is the average home elevation in Albany, KY | Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Kentucky flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954. |
To get online quotes on your home and compare rates on home insurance premiums in Albany, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Clinton County.
Kentucky Homeowners Insurance News & Information
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How can I lower my homeowners insurance rate? Posted on Monday 18th August, 2025
According to a recent report from the National Association of Realtors, homeowner insurance premiums have jumped up 10% since last year which follows a similar increase in 2023. Premium increases were even higher in states where severe weather and wildfires were more common. In a recent AOL.com article, Paul Burns commented on how he had […]
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5 Perils Not Covered by Homeowners Insurance Posted on Tuesday 29th July, 2025
Homeowners insurance is an absolute necessity to protect your home and its contents. If you have a mortgage on your home, it is also required. While homeowners insurance offers plenty of protection, there are gaps in coverage that you should be aware of because they can lead to massive out of pocket costs if you […]
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Compare 2025 Homeowners Insurance Rates in Every State Posted on Thursday 24th July, 2025
According to a recent study by Insurify, homeowners in every state will be paying more for insurance coverage by the end of the year. The study found that climate change fueled natural disaster are the main cause of ever-increasing homeowner premiums. Wildfires out west, hailstorms in the Midwest and hurricanes and flooding in the South […]
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Texas Homeowner Insurance Claims Were Closed Without Any Payment Posted on Monday 14th July, 2025
According to a recent study that was reported on in the Houston Chronicle, almost half of all Texas homeowner insurance claims were closed without any payment to the homeowner. A company called Weiss Ratings was in charge of the study and they found that 47% of claims filed by Texas homeowners have been closed by […]
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What causes North Carolina home insurance to go up? Posted on Monday 7th July, 2025
A homeowner in North Carolina was greeted with a nasty surprise this year, a 41% increase in his insurance premium. On average, homeowners in North Carolina saw a rate jump of 7.5% on June 1st due to a settlement reached by the North Carolina Department of Insurance but this certainly doesn’t explain a 41% increase. Doug Corkhill is […]
Albany, KY Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Albany so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Albany, KY?
- The average square footage in Albany is around 616 Sq. Ft. which would cost you around $72,700 to replace the home if you base the home on the price to build per square foot of $118.
Minimum Replacement Cost Total: $72,700
Location: Albany, Kentucky (Clinton County)
Average Building Cost Per Square Foot in Albany: $118 (low end)
Average Square Footage in Albany: 616 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $118 | $72,700 |
| Some Additional Upgrades | $148 | $90,875 |
| Major Home Updates or Advancements | $177 | $109,050 |
The dwelling coverage is calculated by the average cost per square foot ($118) in Albany, Kentucky times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $368,750 (Media price to build of $148 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.