Homeowners Insurance in Kansas

We are here to help you find the best homeowners insurance in Kansas.

Finding the Best Homeowners Insurance in Kansas

Let us help you find the best homeowners insurance in Kansas. In Kansas, residents know there are natural events every day and some of them are severe. From tornadoes to blizzards, in Kansas there are many options and many things to consider when choosing the perfect homeowners insurance that is right for you. If your goal is to find the best value or perhaps it is to find cheap homeowners insurance Kansas, we are here to help you get started so that you may differentiate the pros and cons of your Kansas homeowner insurance quotes. With many different offerings and companies to chose from, looking for homeowners insurance, we will compare several of them based on how much they cost, what they cover, how to access discounts. We will also look at some of the top-rated homeowners insurance companies in the state. Obtaining homeowners insurance in Kansas is not mandatory by law but Kansas Insurance Department regulates the industry. This is beneficial in protecting your financial security as well as the investment in your home, belongings, and loved ones. It is important to note that most mortgage lenders do require some level of homeowners insurance. Our mission is to help make your search for homeowners insurance in Kansas more straightforward so that you have the peace of mind of being financially protected.
Kansas Homeowners Insurance Cost Broken Down Rates
Yearly Cost of Homeowners Insurance in Kansas$2,343.00
Costs Per Month for Homeowners Insurance in Kansas$195.25

How Much is Homeowners Insurance in Kansas

You would likely want to know how much is homeowners insurance in Kansas, if you are already a homeowner or shopping for a home to buy and are doing some comparison shopping. Keeping an eye on your household budget, it will help to figure out how much you will need to spend each month so let’s take a look at some homeowners insurance rates in Kansas. Importantly, the average cost of homeowners insurance in Kansas is second highest in the nation after Oklahoma with the average of $2461 annually which is about $205 per month. This is well above the national average of $1445. For a dwelling worth $300,000, with a $1000 deductible and $300,000 in liability coverage in Kansas could cost up to $4666 annually or $388 a month. So, already, we have an idea of the wide range of factors that may impact the cost of homeowners insurance in Kansas. Due to the extreme weather in Kansas, costs of homeowners insurance varies widely based on where you live with the least expensive city being Gardner at an average of $1835 annually, and the most expensive city being Garden City at an average of $2976 annually. Importantly, Kansas, in terms of affordability in housing costs, is right along with the national average of housing cost as a percentage of income at 37%, which is considered quite high. The statistical goal is for people to spend less than 30% of their income on housing so Kansas is on the more expensive side.

home insurance content image

Kansas Homeowners Insurance Laws

Your mortgage or home equity lender will have Kansas homeowners insurance requirements that you will need to meet, even though you are not legally required to carry a homeowners insurance policy in Kansas. Kansas insurance companies need to follow rules covering many aspects pertaining to Kansas homeowners insurance laws. Of course, it is in your best interest to have a comprehensive homeowners insurance policy in Kansas. The Kansas Insurance Department can help you find a lot of information about what types of insurance are available and beneficial to your particular needs. Of the two main reasons for acquiring homeowners insurance in Kansas, the first would be protecting your investment. This would include insurance to financially protect your structure, your personal property, and provide liability insurance in case of damage to a guest’s property or injury of a guest. The next reason for purchasing homeowners insurance is to meet the requirements of a mortgage or home equity lender. It makes sense that they need to protect their investment in their interest of your property. In the situation where you let your insurance lapse, your lender may provide insurance, generally for the structure only. This insurance policy is often more expensive than a policy which you purchase yourself.

What Does Homeowners Insurance Cover in Kansas

Let’s find out exactly what does homeowners insurance cover in Kansas. There are many aspects to homeowner insurance in Kansas and many variables to consider depending on the individual policy offered by different carriers. Homeowners insurance policies generally offer protection of the dwelling, plumbing, electrical, and the structure itself. There may also be coverage of other structures such as fences, detached garages, or guest cottages. Some policies may cover out-of-pocket expenses to live elsewhere, due to loss of use, if there is damage to the main living areas. Options in different policies may include your personal property such as appliances, furniture, clothing, and electronics and there may be options for covering your personal property even for items at a different location such as a storage locker or in transit. Liability insurance may help to protect you financially in the event of an accident that results in bodily injury or property damage to someone else visiting your property. In addition, there are many variables in policies in relation to the cause of damages. The first level covers things like fire and theft, with the highest level covering every possible peril, such as extreme natural disasters such as flooding. The more perils covered, the higher the cost to insure.

Top Rated Homeowners Insurance Companies in Kansas Based on Ratings

We have created a list of the companies offering homeowners insurance in Kansas, and we have examined what they offer so that we can provide for a Kansas homeowners insurance companies list to help you decide which company may meet your specific criteria. Of the top rated homeowners insurance companies in Kansas, Farmers Insurance and Travelers Insurance are popular and tend to be the least expensive options. Marysville Mutual is the local favorite, having two main homeowner insurance products, and having a small-town feel where you need to visit the branch or contact an agent to receive coverage. AAA is top-rated company best for bundling and USAA is best for military families. Of the best homeowners insurance companies in Kansas, State Farm, Travelers, and USAA each maintain a A++ rating on AM Best and USAA gets 5 out of 5 on J.D. Power rating. The least expensive option on average is Marysville Mutual with annual average cost of $1485, and American Family Insurance is the most expensive at $4394 on average annually. Geico homeowners insurance in Kansas is included on the list of best companies, although it is not the main underwriter so is not rated by J.D. Power so it is often excluded from top rated lists.

How to Lower Homeowners Insurance in Kansas

Let’s look at a variety of ways of how to lower homeowners insurance in Kansas. One of the first ways to do this is by increasing your deductible. A deductible is the amount that you pay in the event of a settlement, often before the insurance contributes the rest of the funds. It is recommended to set aside your deductible so you are prepared in the event that you need to make a claim and by setting aside a higher amount, for example, $1000 instead of the recommended $500 deductible could lead to savings of up to 25%. Insurance companies often offer discounts for bundling your insurance services such as your auto insurance, for example. Perhaps talking with an agent to investigate discount options will help determine discounts available in your area. Homeowner insurance rates in the USA have increased by 59% over the past decade and it is expected that we will see Kansas homeowners insurance rates increasing in 2020 by 3.6%. Accessing Kansas homeowners insurance discounts and finding ways to lower your rate can also be affected by your credit score, your marital status, the condition of your roof, and even your proximity to a fire station or large body of water.

Compare Homeowners Insurance in Kansas Before Buying

When you compare homeowners insurance in Kansas, you not only are comparing the best deal but also making sure you are covered financially in case of an unfortunate event. It always makes sense to compare before you buy and research your options in affordable homeowner insurance in Kansas so that you are well informed to give you peace of mind when you are shopping for homeowners insurance in Kansas. Making informed decisions on what you specifically want covered before comparing homeowner insurance companies can make shopping for the insurance provider easier. This way you can exclude ones that do not meet your needs right from the start. For example, you just invested in new fencing and a greenhouse, you may want to ensure you choose a company which offers insurance on other structures in addition to your main dwelling. This way, you can get the coverage that is perfect for you.