The Best Cheap Homeowners Insurance in Olathe, Kansas for 2022: Quotes and Reviews

In Olathe, Kansas, the average monthly and yearly cost of homeowners insurance is $128 and $1,533, respectively. However, rates vary greatly depending on the company.

Auto-Owners Insurance Co offers the cheapest policy at an average of $949 per year, while American Family offers the most expensive at an average cost of $3,444 annually. Shopping around can help you save as much as $2,495 per year.

MoneyGeek ranked the best homeowners insurance in Olathe for those looking for a combination of cost and quality.

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Last Updated: 6/24/2022
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The Cheapest and Best Homeowners Insurance in Olathe

The Cheapest Home Insurance Companies in Olathe

Policy cost can be an important factor while choosing a plan, as most insurers in Olathe offer the same core coverages. MoneyGeek’s research shows that the following insurers offer the cheapest homeowners insurance in the city:

  • Auto-Owners Insurance Co: $949 per year
  • AAA: $1,064 per year

We also researched the cheapest companies for homeowners with expensive homes. The following companies offer the most affordable policies with $2 million in dwelling coverage:

  • Farmers: $8,769 per year
  • Allstate: $12,062 per year

If you have a military background, USAA is the most affordable option for you at an average annual cost of $12,044.

The Cheapest Home Insurance in Olathe, Ranked

Dwelling Coverage:

$100,000

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Policies with the initial baseline dwelling coverage have personal property limits of $40,000, and policies with dwelling coverage of $2 million have personal property limits of $800,000. The liability coverage limit of both these policies is $100,000.

For homeowners who do not live in Olathe, MoneyGeek analyzed home insurance options in Kansas.

The Average Cost of Homeowners Insurance in Olathe for 2022

Olathe$1,533
Kansas$2,878
U.S.$2,103

The average cost of homeowners insurance in Olathe is $1,533 per year. This is $1,345 less than the state average cost of $2,878, and $570 less than the national average of $2,103.

Calculate the Cost of Home Insurance in Olathe

Your location in the state has a significant impact on the cost of homeowners insurance. Insurance companies also consider your dwelling coverage limits, personal property coverage limits, credit score and other important factors when setting rates. You can use MoneyGeek’s calculator to estimate the cost of homeowners insurance in Olathe.

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Home Insurance Calculator

State

Kansas

Dwelling Coverage

$100,000

Deductible

$500

Liability

$300,000

Personal Property

$20,000

Credit Score

Excellent
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on average

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These are annual estimates. Get a personalized quote to determine your costs.

The Best Home Insurance Companies in Olathe

While shopping for home insurance in Olathe, you should consider other factors in addition to price. Take a look at the insurer’s financial stability and customer service ratings, as you’ll be filing your claim during a stressful time and will want fair and quick processing.

MoneyGeek researched the following best overall home insurance companies in the city:

  • Best Overall: Auto-Owners Insurance Co
  • Runner-up: USAA

We ranked home insurance companies in Olathe based on affordability, user satisfaction and financial stability.


1
Auto-Owners Insurance Co
Score:96.8

5/5

Affordability

4.5/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Auto-Owners Insurance Co charges $949 per year for a policy. The company has the highest rating in both affordability and financial stability. It has the third-highest customer service rating and offers equipment breakdown coverage.

More About Auto-Owners Insurance Co

The company’s equipment breakdown coverage offers homeowners protection in case of electrical or mechanical failure of home appliances or other equipment. Auto-Owners Insurance Co also offers off-premises personal property coverage, which covers the cost of damage to any personal items you take on vacation.

2
USAA
Score:96

4.6/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

On average, it costs $1,441 per year to buy a policy from USAA. The company comes in fifth for affordability, but has the highest financial stability and customer service scores. It offers earthquake coverage.

More About USAA

USAA offers home rental coverage. If you rent out a room, or even your whole house, this coverage protects you and your guests. This, and earthquake coverage, are additional coverages and cost more to add to your policy. The company also offers discounts for home security devices and for remaining claims-free.

Cheapest Home Insurance Companies in Olathe for Newly Constructed Homes

Insurers charge less to insure newly constructed homes, because they are built with modern materials that are more resistant to damage and easily replaceable. On average, it costs $948 per year to insure a newly constructed home in Olathe, compared to an average of $1,533 for a home built in 2000. MoneyGeek identified the following as the cheapest insurance companies for newly constructed homes:

  • Auto-Owners Insurance Co: $587 per year
  • AAA: $658 per year
The Cheapest Home Insurance in Olathe for New Homes, Ranked

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Cheapest Home Insurance Companies in Olathe if You Have a Lot of Personal Property

A homeowners insurance policy generally provides coverage against any damage to the personal items in your home. If you want to insure a larger amount of personal items, the insurance company will charge higher rates. In Olathe, it costs an average of $1,621 to get personal property limits of $250,000 with our standard policy, compared to an average of $1,533 for $100,000 in personal property coverage limits.

MoneyGeek’s research shows that the following companies offer the cheapest policies with high personal property coverage limits:

  • Auto-Owners Insurance Co: $1,004 per year
  • AAA: $1,125 per year
Cheap Companies in Olathe for Extra Personal Property Coverage

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Cheapest Home Insurance Companies in Olathe for High Deductibles

Your policy’s deductible also has a great impact on the cost of homeowners insurance in Olathe. If you choose a policy with a higher deductible, the insurance premium will be lower; however, you will pay more money out of pocket if you file a claim. MoneyGeek found that a policy with a $2,000 deductible costs an average of $1,378, compared to an average of $1,533 for a $1,000 deductible.

We identified the following as most affordable companies for homeowners looking for high-deductible policies:

  • Auto-Owners Insurance Co: $853 per year
  • Travelers: $886 per year
The Cheapest Companies in Olathe for High Deductibles, Ranked

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Cheapest Home Insurance Companies in Olathe if You Have Poor Credit

Insurance companies consider your credit score when preparing a home insurance quote in Olathe. Homeowners with a bad credit history will pay higher rates for a policy. On average, a home insurance policy costs $2,495 if you have poor credit, compared to an average of $1,533 for homeowners with good credit.

According to MoneyGeek’s research, the following are the cheapest companies for homeowners with a bad credit score:

  • Auto-Owners Insurance Co: $949 per year
  • AAA: $1,064 per year
The Cheapest Companies in Olathe for Poor Credit, Ranked

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Getting Online Homeowners Insurance Quotes in Olathe

If you’d like to get an online homeowners insurance quote in Olathe, you should be ready with the following information:

  • The replacement cost of your home: This is the cost of rebuilding your home, and is used to determine your dwelling coverage limits. You can hire a building contractor or a construction professional to determine this cost.
  • The value of your personal property: What is the worth of the personal items you keep in your house? Insurers use this number to determine your personal property coverage limits.
  • Personal information: Insurers will require your address, information about the number of people in the household, insurance history and other details.
  • Information about your house: You will have to provide information about the square-foot area of your house, when your house was built and much more.
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Ensure you're getting the best rate for your home insurance. Compare quotes from the top insurance companies.

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Homeowners Insurance in Olathe Analysis: Methodology

MoneyGeek analyzed home insurance premiums from nine companies in Olathe, Kansas. The data used in this guide was provided in partnership with Quadrant and quotes were collected for a home with varying coverage levels to calculate affordability scores. The base profile for a homeowner was for a home with 2,500 square feet, built in 2000 with dwelling coverage of $100,000, personal property coverage of $40,000 and liability coverage of $100,000. The policies had a $1,000 deductible. We also collected quotes for newly constructed homes, increased dwelling or personal property coverage, higher deductibles and poor credit scores. The customer satisfaction ratings were drawn from J.D. Power surveys.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.