Wichita residents are well aware of the importance of having insurance. However, the average policy cost in the city is quite high. Nearly 59% of Wichita residents have their own homes with a median value $133,400. The average Wichita insurance policy costs $2,878, which exceeds the $2,694 state average and is well above the $1,674 national average.
We looked at the largest companies in Wichita to find the best home insurance. They were evaluated for their cost, financial stability, customer support, and whether it is easy for policyholders customize their insurance. These are the areas where our top five picks were most successful.
The best home insurance companies Wichita
Our research has shown that the following home insurance companies are the best in Wichita. All of them score well in J.D. Power’s Overall Customer Satisfaction Index Ranking shows that all three offer a home insurance premium lower than Wichita’s. Each carrier is financially sound and offers a variety of home insurance options.
The average USAA rate for Wichita residents falls $1,409 under the average cost of home insurance. This is a substantial savings, and you should ask for a quote if you fall within their target demographic.
This demographic is very specific. USAA sells policies only to veterans, military personnel, and their families. You will appreciate USAA’s reputation for providing fast claims management and customer service if you belong to one of these groups. USAA offers perks for military personnel, such as full coverage for uniforms and home-sharing coverage for those who are renting their homes while on deployment.
J.D. ranks Auto-Owners third in J.D. Power’s ranking means that you can expect a pleasant experience with the company. This carrier provides affordable, comprehensive home insurance that focuses on high-value properties.
You can also choose from guaranteed home replacement, identity theft protection, and ordinance or law coverage. This will allow you to rebuild according to current municipal codes. There are many discounts offered by the company that can lower your costs. These include a green discount as well as a paid in-full discount.
Standard Traveler’s home insurance covers your home and any other structures, personal property, liability and loss-of use coverage. This helps you to cover your expenses if your home is being repaired.
You can also choose from a variety of optional coverages and endorsements to customize your policy. These include identity fraud, green home coverage and additional coverage for jewelry or valuable items.
J.D. rates Allstate higher than average. Allstate has an A+ rating from AM Best and Power, which indicate a high level financial stability. This means that the company is likely to be there for you, even after a catastrophe affects many of their policyholders.
Allstate offers standard coverage and some optional endorsements and discounts. For example, a 10% savings for switching to the company. You also get “Allstate Extras,” which include Claim Rateguard. This ensures that your premium remains stable, even after you file a claim.
State Farm is currently the biggest insurer of homes across America. The company has many great reasons to be considered when searching for affordable home insurance in Wichita. While the company’s average home insurance rate in Wichita was higher than the other five, it still fell below the average of the city’s residents. State Farm’s A++ rating in AM Best, the highest the company awards, is higher than the average J.D. Power.
State Farm discounts can help you lower your rates, especially if your homeowners insurance is combined with your auto insurance. Impact-resistant roofing products will also be eligible for a discount, which is good considering Wichita’s often severe weather.
Options for home insurance coverage in Wichita
Kansas law does not require homeowners insurance. However, if your mortgage lender requires it, you may be required to have homeowners insurance. It’s a smart idea to purchase a policy to protect the substantial investment you have made in your home.
The most popular type of homeowners insurance, Standard HO-3, covers your home, any other buildings, such as a shed or garage, and your personal possessions up to a certain limit. It also covers liability and loss-of use. You may also need some optional coverages, such as:
- Flood insurance: Flooding is not covered under HO-3 policies. You might consider buying flood insurance if your home is located in a flood area.
- Water/sump pump backup: You may not be covered for a back-up drain or if your sump pump breaks and floods your basement.
- Windstorm: Kansas is a known state for tornadoes. Wichita homeowners might consider purchasing tornado insurance to further protect themselves from the damage caused by tornadoes.
Wichita home insurance discounts
If you want to save money on home insurance in Wichita you should take advantage of all the discounts that are available. Nearly every major insurer offers some form of discount, and many can be easily earned. These are some of the most common:
- Automated payments: You may be eligible for a small discount on your premium if you have an automatic payment plan set up with your bank.
- Welcome/loyalty discounts are offered by some insurers to customers who switch to the company or stay with them for a set period.
- Discount for new home: Some insurers offer a discount if you’ve purchased your house in the past 12 months. This discount may even be greater if the home is brand-new.
- Protective devices: Any device that makes your home more secure and safer, such as burglar alarms or smoke detectors, will likely earn you a discount.
Questions frequently asked
Which is the best company for home insurance?
You may not find the best insurance provider that suits your needs. Do some research on insurance companies in your area and compare quotes to see what coverage and premiums are available. To learn more about your coverage options, speak to a licensed broker or insurance agent.
What is the cost of home insurance in Wichita?
Wichita’s average home insurance cost is $2878 for a $250K house. This is slightly more than the average Kansas of $2694. Kansas insurance is expensive because of its propensity to suffer from severe weather and tornadoes. Rates may vary depending on many factors.
What amount of home insurance do you need in Wichita
An experienced agent can help determine how much home insurance you require in Wichita. If you have to rebuild or repair your home due to a natural disaster like a fire, it is a smart idea to get enough coverage. Also, you want adequate liability to protect yourself in the event of an injury to someone at your house.