Home Insurance in Owensboro, KY

Finding the right home insurance in Owensboro, KY, is important to protect your assets and your peace of mind, and VIU by HUB is ready to help.
Compare, shop and customize quotes from top-rated insurance carriers.

Purchasing Owensboro Home Insurance

Owensboro, KY, is a medium-sized city that is home to 19 distinct neighborhoods and more than 60,000 people. More than 25% of its residents have a minimum of a bachelor's degree, and people in the area earn incomes on part with the upper middle class in Kentucky. Some of the most popular neighborhoods include Hillcrest, Sorgho, Seven Hills South, Stanley and Kentucky Wesleyan College.

Housing in the area is desirable due to its low cost in comparison to the national average. The median price of a home in Owensboro, KY, is $183,200, which is well below the national median home value of $338,100. Despite the lower prices, appreciation in the area is higher than the national average and indicates that purchasing a home in the area is a solid investment.

The average annual cost of home insurance in Owensboro, KY, is $2,759 per year based on coverage for a $300,000 house that includes $100,000 in liability protection and a $1,000 deductible. This is higher than the national average. However, it's important to remember that a variety of factors determine how much you pay for home insurance. Some of those factors include which neighborhood you live in, how big your home is, how old it is, your credit history and risk factors.

Risk Factors When Choosing Home Insurance

Climate and crime are two big risk factors to consider when searching for home insurance in Owensboro, KY. The city is known for its warm summers and cool winters. It's located on the Ohio River but because it's on a high bluff, flooding is not often a concern. However, the city is often windy due to its height above the river. Consider the possibility of wind damage when you're searching for the right insurance policy.

Crime is important to consider as well. Although the city has a lower violent crime rate than the national average, the property crime rate is much higher than it is in other parts of the country at 56.1 reports per 100,000 people. For this reason, it's important to have enough coverage to protect all of the assets in your home. 

The Importance of a Robust Home Insurance Policy

Most mortgage lenders require you to have dwelling coverage at a minimum, which protects the house itself and provides you with enough money to rebuild if it's ever necessary. However, dwelling protection alone isn't enough for most families. If you have sheds, detached garages, or fences on your property, you also need coverage for other structures. Do you have a lot of valuable personal property? If so, you need a policy that replaces or fixes anything that is stolen or damaged.

Other important types of home insurance in Owensboro, KY, to consider include loss of use, personal liability, and medical payments. Loss of use provides you with about 20% of your dwelling coverage to help with temporary living expenses during home repairs. Personal liability protects you if you accidentally injure someone who doesn't live in your household or damage their property. Finally, medical payments provide treatment for someone who is injured on your property or if you or a pet injure someone away from your home. 

Comparing Prices for Home Insurance in Owensboro

Finding home insurance in Owensboro, KY, doesn't need to feel overwhelming. VIU by HUB allows you to compare quotes from multiple insurers from the comfort of your couch. Simply input some information about yourself and your home to receive plenty of quotes that meet a variety of needs and budgets.

This information is intended for general informational purposes only and is not intended to constitute legal advice. 


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