Kentucky Insurance Requirements & Rates

Kentucky requires minimum liability coverage of 25/50/25 (bodily injury per person / per accident / property damage). Kentucky is a choice no-fault state, giving drivers the option to choose between at-fault and no-fault coverage. Uninsured motorist coverage is not required but recommended. Personal injury protection (PIP) is also required.

Kentucky homeowners face risks from flooding, tornadoes, severe thunderstorms, ice storms. The flood risk level is moderate and earthquake risk is low. Standard deductibles apply. The average annual home insurance premium is $3,141.

Kentucky requires riders under 21 to wear helmets. Lane splitting is not legal. Eye protection is required for all riders. The riding season is march–november.

Yes, workers' compensation insurance is required in Kentucky. Sole proprietors and partners may opt out. Kentucky has approximately 400,000 small businesses, with top industries including Automotive Manufacturing, Healthcare, Bourbon & Distilling.

Yes, Kentucky has expanded Medicaid. The state has its own state-based health insurance marketplace at https://kynect.ky.gov. The uninsured rate is 5.5%.

Yes, landlords in Kentucky can require tenants to carry renters insurance as a condition of the lease. About 33% of Kentucky residents are renters, with average monthly rent of $850.

With a median household income of $55,573, most Kentucky families should consider 10-12x their annual income in life insurance coverage. Kentucky has below-average life expectancy, making adequate coverage especially important. Currently, 45% of Kentucky households have life insurance.