It’s not surprising that Kansas, a state that is prone to storms, is among the most expensive for homeowners insurance. According to Bankrate’s 2021 analysis of annual quoted premiums, Kansas homeowners spend an average of $2694 per year, or $255 per month, for $250,000 of dwelling coverage. The Kansas Insurance Department has reported that in 2020 there were more than $126 million in storm-related losses due to tornadoes, hail damage, and windstorms. A homeowners insurance policy can protect your financial assets from damage to your home.
It can be difficult to find the best Kansas homeowners insurance. Bankrate’s editorial team has reviewed the market share of the top home insurance companies in Kansas. You may be able to find the best Kansas home insurer with the help of your research.
Kansas’s best home insurance companies
We considered several factors when researching Kansas homeowners insurance companies. We first obtained average premiums for Quadrant Information Services. We also considered each company’s endorsements, discounts and policy features.
These companies might be a good place to start if you’re looking for the best Kansas homeowners insurance.
Allstate
Allstate’s high customer satisfaction makes it a popular choice, even though its average premium is just slightly lower than the state’s. You can customize your policy with options such as yard and garden coverage, electronic recovery, business property coverage, and coverage for musical instruments and sports equipment. There are many discounts offered by the company that could help you lower your premium.
American Family
American Family’s premium average is slightly higher than that of the state, but this could be due to American Family’s wide range of coverage options. To ensure that your siding is match-matched, you might consider adding matching siding coverage. Water backup, credit theft protection, monitoring and equipment breakdown coverage are all options. AmFam offers discounts that can help you lower your premium.
Auto-Owners
Auto-Owners, a regional carrier, is based in Lansing (Michigan) and offers coverage in 26 US states, including Kansas. This company has both the highest customer satisfaction score and the lowest average premium. Auto-Owners offers a wide range of optional coverages that can be customized to your policy. These include guaranteed home replacement cost and identity theft coverage. There are also discounts offered by the company, which may contribute to the low premium.
State Farm
State Farm may be the right choice if you prefer to manage your insurance needs locally. While other companies use local agents, State Farm boasts one of the most extensive agent networks in the country with more than 19,000 licensed professionals. If you are looking to consolidate your financial products into one company, State Farm sells a variety of insurance products as well as bank products.
Travelers
Travelers might have the lowest J.D. It may not have the highest J.D. score, but it can make up for it by offering a wide range of optional coverages. Home insurance policies for travelers can be customized with endorsements such as green home coverage, jewelry, valuable items coverage, water back coverage, and special property coverage to enhance your protections. Although the company’s average premium falls below the state average, there are many discounts that can lower your premium such as the loss-free discount or protective device discount.
What is the cost of Kansas homeowners insurance?
Kansas residents spend an average of $2,694 annually on home insurance premiums to cover $250,000 worth of dwelling coverage. This is considerably higher than the $1,312 annual national average home insurance cost. Partially this is due to high claims payouts for severe storm events. Kansas experienced the third highest number of major hail event in 2020. In 2019, Kansas saw 127 tornadoes, which was the third most in the country.
Kansas is located in what is known as “Tornado Alley“, an area of central America where tornadoes are very common. Kansas homeowners insurance can be quite expensive but it is not as costly as it should be. Oklahoma homeowners pay on average $3,519 per annum, while the average Nebraska home insurance premium is $2,816.
Kansas home insurance
It is important to know the most common damage that can be caused in your local area before you start looking for Kansas homeowners insurance. This will help you determine which coverages are best to protect your financial assets from costly repairs. The right homeowners coverage can give you peace of mind in the event that your home is damaged.
Kansas’s most common causes of loss
Kansas is home to a remarkable number of major hail storms, in addition to the tornado frequency. In 2019, there were over 50,000 total insurance claims due to hail damage across multiple product lines, including auto and home. Knowing the most common causes of Kansas home damage could help you choose the right coverage:
- Water damage: Water damage is possible due to heavy rains, backed up water lines, burst pipes, or flooding. Water damage coverage is a common feature of homeowners insurance policies. It covers water damage that can be caused by sudden or accidental water damage.
- Hail damage: Hail damage can cause damage to many areas of your house, including your roof, windows, and doors. This could lead to water damage in your interior.
- Wind damage: Kansas is a state with a high number of tornadoes. This makes wind damage quite common. Wind damage can also occur, even when a tornado doesn’t hit and can cause damage to many parts of your house.
Kansas offers a variety of home insurance options
These are the most common losses in Kansas. Here are some options to help protect your financial future.
- Flood insurance: Damage from flooding is not covered by a homeowners insurance policy. Although some companies may offer flood coverage as an endorsement, you will most likely need to purchase a separate flood policy. The most vulnerable area of Kansas is the southeastern part.
- Water backup coverage: Clogged drain lines and heavy rains can lead to water backing up into your basement, crawlspace or any other part of your home. Water backup endorsements are required to cover this type of damage.
- Roof replacement cost: If you have a newer roof and it is in good condition, you may be eligible for roof substitution cost coverage. If your roof is damaged or destroyed, you will be paid the actual cost of repair or replacement.
- Wind coverage: Windstorm damage is usually covered by homeowners insurance policies. However, a separate deductible may be required. It is helpful to understand how your policy would react to wind damage.
Kansas is a high-risk state for home damage. It might be worth speaking with an agent about the best coverages for you.
Questions frequently asked
Which Kansas insurance policy is the most affordable?
Kansas has many companies that offer the most affordable coverage. Your individual characteristics, such as your age, gender, credit score, and personal information, such as your specific location, risk level, age, and value, can all impact your home insurance premiums. You might find the right coverage at a cheaper price by getting quotes from multiple providers.
How can I get Kansas homeowners insurance?
You can get quotes to help you find the best home insurance policy. This can be done online or by calling a company. Your address, name, birth date, and possibly your Social Security Number will be required. Also, you should be prepared to answer general questions about your house, such as the year it was built, square footage, roof age, and any custom features.
A representative can help you choose the right coverages. If you decide to purchase a policy, you will need to fill out an application and pay a fee unless the policy is billed directly to your mortgage escrow.
How can I get Kansas home insurance at a lower price?
Kansas homeowners insurance is more costly than in other areas of the country, but there are still ways to save. It is a good idea to get quotes from multiple companies, as each company has different rates. Your premium could be reduced by taking advantage of every discount that is available.
Bundling your home and auto insurance policies with the same company can often result in the best discounts. Maintaining a clean home can reduce the risk of claims that could lead to higher premiums.
