The Cheapest and Best Homeowners Insurance in Kansas City
The Cheapest Home Insurance Companies in Kansas City
When choosing a homeowners policy in Kansas City, cost is an important factor because most insurance companies offer the same core coverages.
For the average homeowner, the cheapest insurance companies in Kansas City for home insurance with $250,000 in dwelling coverage, on average, are:
- USAA: $2,100 per year (only available to current and former military members and their families)
- Travelers: $2,160 per year
For expensive homes, the cheapest insurance companies in Kansas City for home insurance with $2,000,000 in dwelling coverage are:
- USAA: $9,204 per year (only available to current and former military members and their families)
- American Family: $12,779 per year
You can adjust the dwelling coverage in the table below to see how the price changes.
The Cheapest Home Insurance in Kansas City, Ranked
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All the policies with the initial baseline dwelling coverage have personal property limits of $100,000, and the policies with dwelling coverage of $2 million have personal property limits of $800,000. The liability coverage for all the policies is $100,000.
Homeowners living in Missouri but outside of Kansas City can look up homeowners insurance quotes in Missouri.
The Average Cost of Homeowners Insurance in Kansas City for 2021
The average cost of home insurance in Kansas City is $2,822 per year, which is higher than the state average of Missouri at $2,710 yearly. Compared to the national average, $2,103, the homeowners insurance cost in Kansas City is more costly by $719.
Calculate the Cost of Home Insurance in Kansas City
Homeowners insurance rates in Kansas City depend on your location, dwelling coverage amount, the value of personal property coverage you buy and your credit score, among other factors. If you would like to find the cheapest home insurance in your state, you can compare rates using MoneyGeek’s insurance calculator.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Kansas City
Apart from cost, you should also consider the insurer’s customer service track record and financial stability. This is because when you make a claim on your policy, you want to be sure it will be handled promptly and as fairly as possible.
Based on MoneyGeek’s study, the best homeowners insurance companies in Kansas City are:
- Best overall: USAA (only available to current and former military members and their families)
- Runner-up: Travelers
To find the best homeowners insurance companies in Kansas City, MoneyGeek used a unique rating system that factors in customer satisfaction, affordability and financial stability.
USAA is consistently one of the best and cheapest insurers nationwide. Apart from affordability, USAA policyholders get unique coverage benefits, including earthquake damage coverage, which is excluded by other insurers. Another unique perk of this policy is the home-sharing coverage that USAA offers people who rent out a room in their homes.
MoneyGeek’s top pick is USAA due to its high rankings across all the major categories, including customer satisfaction, affordability and financial stability. However, only current and former military members and their families can purchase this policy.Read MoneyGeek's USAA home Insurance Review
If you are an eco-friendly homeowner, Travelers home insurance policy has an option for extra coverage to cover the additional costs of repairing your home with eco-friendly materials. This policy also gives you the option of getting additional replacement cost coverage, meaning if the cost to replace your home is higher than your dwelling coverage, you will still be compensated in full.
Travelers is the second-best homeowners insurance company in Kansas City, scoring highly in customer satisfaction and affordability. Travelers offers identity fraud expense coverage to policyholders if requested.Read MoneyGeek's Travelers home Insurance Review
Cheapest Home Insurance Companies in Kansas City for Newly Constructed Homes
Homeowners insurance in Kansas City is usually cheaper for newly constructed homes. This is because newer constructions tend to be built using materials that are more damage resistant. Newer homes carry less risk for the insurer, which translates into lower insurance premiums for the homeowner.
In Kansas City, the insurance cost for a newly constructed home is roughly $1,899 per year compared to $2,822 for an older home built in 2000.
In Kansas City, the cheapest insurance companies for those with new homes with $250,000 in dwelling coverage, on average, are:
- USAA: $1,306 per year (only available to current and former military members and their families)
- AAA: $1,454 per year
The Cheapest Home Insurance in Kansas City for New Homes, Ranked
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Cheapest Home Insurance Companies in Kansas City if You Have a Lot of Personal Property
In Kansas City, damage to the personal property in your home is covered by your homeowners insurance policy. The cost of your policy will therefore be impacted by the value of the personal property you want to be covered. If the value of your personal property is high, your home insurance premiums will also be high.
It costs an average of $2,989 per year for personal property limits of $250,000, while it costs $2,822 yearly for $100,000 in personal property coverage limits.
On average, the cheapest homeowners insurance companies in Kansas City for those with high personal property coverage limits are:
- USAA: $2,196 per year (only available to current and former military members and their families)
- Travelers: $2,236 per year
Cheap Companies in Kansas City for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Kansas City for High Deductibles
The deductible on your policy will have a significant impact on the cost of home insurance in Kansas City. If you choose a higher deductible, you will pay less in premiums each year for your policy. However, when you have a high deductible, you pay more money out-of-pocket if you make a claim. The cost of home insurance is higher for a policy with a lower deductible.
A policy with a $2,000 deductible will cost you an average of $2,626 per year compared to an average of $2,822 yearly for a $1,000 deductible.
The cheapest insurance companies in Kansas City for homeowners with policies with $2,000 deductibles are:
- Travelers: $1,758 per year
- USAA: $1,839 per year (only available to current and former military members and their families)
The Cheapest Companies in Kansas City for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Kansas City if You Have Poor Credit
If you are a Kansas City homeowner with a poor credit score, the amount you pay in premiums for your home insurance will be higher than what someone with a good credit score pays. This is because insurance companies in Kansas City use credit score as a rating factor for insurance costs.
If you have a poor credit score, you will pay an average of $5,414 per year compared to the $2,822 per year that homeowners with good credit pay.
The cheapest homeowners insurance companies in Kansas City for homeowners with poor credit are:
- AAA: $2,161 per year
- Allied: $3,736 per year
The Cheapest Companies in Kansas City for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Kansas City
If you would like to find homeowners insurance rates in Kansas City, you can do it online. However, you will need to provide a lot of information to the insurer to facilitate the quote.
Some of the details required include:
- Personal details: Your address, insurance history and the number of occupants in your home are some of the personal details the insurer will need to process your quote.
- House details: The insurer will need to know various details about your house, including when it was built, if it has any safety features and the size in square feet. This information is necessary when calculating the home insurance cost.
- The replacement cost of your home: Your insurer will need this information since the appropriate dwelling coverage limit for your home is dependent on the cost it would take to rebuild your house. A building contractor should be able to give you an estimate of the replacement cost of your home.
- Personal property value: The personal property coverage limits for your home will depend on the value of your personal property. You will need to provide the insurer with information on the value of the personal items in your home to enable them to calculate the appropriate limits and the associated cost.
Homeowners Insurance in Kansas City Analysis: Methodology
For this study, MoneyGeek analyzed home insurance premiums from eight companies in Kansas City. The data was provided in partnership with Quadrant. To measure affordability scores, quotes were collected for a home with varying coverage levels. The customer satisfaction ratings used in this study were drawn from J.D. Power surveys.
The base profile for a homeowner was for a 2,500 square foot home, built in 2000 with a dwelling coverage of $250,000, personal property coverage of $100,000 and liability coverage of $100,000. Policies had a $1,000 deductible.
MoneyGeek also collected quotes for homeowners with higher deductibles, poor credit scores, newly constructed homes and increased dwelling or personal property coverage.
About Mark Fitzpatrick