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CheapRenters InsuranceKansas2022The Best and Cheapest Renters Insurance Companies in Kansas for 2022: Rankings, Reviews and Rates
The average cost of renters insurance in Kansas is about $11 a month, which is slightly lower than the national average of $13. The prices for each company can range from around $8 to $13 a month. By shopping around, you can save $60 or more each year.
State Farm is the cheapest and best renters insurance company in Kansas, according to MoneyGeek's research, with an average monthly cost of around $8, or $100 annually.
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Advertising & Editorial DisclosureLast Updated: 11/11/2022
Edited By |
Emma Thomas
Written By |
Mark Fitzpatrick
MoneyGeek has analyzed the best renters insurance providers in Kansas based on the quality and affordability to help you get the most value for your money. The firms were ranked according to their affordability, customer service and financial soundness.
CheapRenters InsuranceKansas2022The Cheapest Renters Insurance in Kansas
Cheap Renters Insurance Companies in Kansas
For most people, the cost of renters insurance is the most critical factor when choosing a policy. On average, the two most affordable companies in Kansas are State Farm and Nationwide.
For a typical renter in Kansas, a State Farm policy costs an average of $100 per year or about $8 per month. A Nationwide policy with similar coverage costs roughly $109 annually or $9 per month.
These average premiums, both yearly and monthly, are based on quotes across several ZIP codes in Kansas for $20,000 in personal property coverage, liability coverage of $100,000 and a $500 deductible.
Personal Property Coverage:
$20,000
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Compare Renters Insurance Rates
Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.
Best Renters Insurance Companies in Kansas
State Farm is the best renters insurance company in Kansas, according to MoneyGeek’s rating with a score of 99 out of 100. Nationwide was ranked second with a score of 93 out of 100.
MoneyGeek rated the companies based on their affordability, customer service ratings from J.D. Power and financial stability ratings from AM Best.
The best renters insurance companies aren't always the cheapest; they're the ones that strike a balance between quality and affordability. You will want prompt and efficient service at a reasonable price when filing a claim.
1
State Farm
Score:99
Because of its perfect financial stability and affordability scores and its high customer satisfaction score, State Farm is the best overall renters insurance company in Kansas. Renters may benefit from the company's personal injury coverage, which shields them against libel and slander claims.
More About State Farm
State Farm's renters insurance coverage covers every state in the U.S. It offers three optional coverage options and two discounts for renters, which is lower than the national average. However, State Farm's website is comprehensive and allows renters to manage their insurance accounts, pay their premiums and file claims. Interested renters can use the website to get personalized quotations right away. It also offers a mobile app to manage the account and pay bills.
Read MoneyGeek's State Farm renters Insurance Review2
Nationwide
Score:93
Nationwide was ranked second in Kansas for customer satisfaction, financial stability and affordability. Additional coverage for high-value items, such as jewelry, antiques and fine art, is available under Nationwide’s Valuables Plus coverage and theft extension coverage.
More About Nationwide
Except for Alaska, Hawaii, Louisiana, Florida, Massachusetts, New Jersey and New Mexico, the other 43 states and Washington, D.C. have access to Nationwide's renters insurance policies. There are 11 optional coverages available to policyholders, higher than the industry average. It offers four discount options, which is lower than the national average. However, it offers discounted rates to its current or retired associates, which is unique. Using Nationwide's website, you can obtain customized quotes, while its mobile app and online portal allow renters to pay premiums and make and track claims.
Read MoneyGeek's Nationwide renters Insurance Review3
American Family
Score:78
American Family ranked third in Kansas despite its relatively low affordability score because of its good customer service and financial stability scores. Its pet damage liability coverage may benefit pet owners because it covers damage caused by the pet to other people on your property.
More About American Family
Only 19 states are covered by American Family's renters insurance. It only offers two optional coverages: scheduled personal property and liability for pet damage. This is less than the national average. However, it offers seven discounts, more than the national average of five. Users of American Family's policies may pay their payments, make claims and follow their claim progress using the company's website or the MyAmFam app.
Read MoneyGeek's American Family renters Insurance Review4
Farmers
Score:71
Farmers is the fourth-best renters insurance company in Kansas and has good customer satisfaction and financial stability ratings. However, its affordability ranking is relatively low. Farmers' policyholders who have added scheduled personal property coverage can easily increase their coverage for high-value items.
More About Farmers
Farmers renters insurance policies are available in 41 states and Washington, D.C. Its policyholders are eligible for seven discounts, including being claim-free or smoke-free, bundling policies, installing protective devices and being a responsible payer. Only three of the most common add-on coverages are included: identity theft, personal property replacement, and scheduled personal property. New renters can obtain instant quotes online, while current policyholders can manage their accounts, pay premiums and make claims via the website or app.
Read MoneyGeek's Farmers renters Insurance ReviewMONEYGEEK EXPERT TIP
Note that the cheapest insurance plans aren't guaranteed to provide excellent customer service. While you can save money, you may want to pay a little extra for the best renters insurance in order to have quality customer service and a company that attends to your claims.
Largest Renters Insurance Companies in Kansas
It is best to buy renters insurance from a big insurer with a sizable market share in Kansas since they are more financially stable and customer-focused. Additionally, they invest more money and time in improving customer experience, which may result in legitimate claims being processed swiftly and efficiently.
- CompanyMarket Share
- 1.State Farm21.0%
- 2.American Family15.3%
- 3.Farm Bureau Mutual (IA Group)7.7%
- 4.Farmers7.2%
- 5.Travelers7.2%
Average Cost of Renters Insurance in Kansas
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The average cost of renters insurance in Kansas is $128 yearly, $31 less than the national average of $159. This is about $11 monthly, just $2 less than the country's monthly average. The average costs are for policies with a $20,000 personal property limit, a $100,000 liability limit and a $500 deductible.
Remember that the personal property coverage of your rental insurance policy also influences its costs. Increased personal property coverage results in increased rates. You can use the calculator below to estimate the insurance coverage you need and how much it will cost depending on the amount of personal property coverage you choose.
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Total:
MONEYGEEK EXPERT TIP
When looking for renters insurance in Kansas, it pays to shop around and compare rates from different companies. By going with State Farm instead of Farmers, the average renter in our study saved around $60 a year in insurance costs. This works out to a savings of $5 each month.
What Factors Impact Renters Insurance Cost in Kansas
Several criteria can influence how much you pay every month for renters insurance, including where you live and your coverage amount. Keep these factors in mind when shopping for renters insurance in Kansas.
Location
Your ZIP code can impact your renters insurance price since crime rates and weather patterns are factored into your rates. If you live in a neighborhood with a history of weather events or property crimes, you will likely have to pay higher rates.
Coverage Amount
The more insurance coverage you choose, the higher your premium could be. Complete a home inventory to understand how much it might cost to replace your property after an accident before researching insurance quotes so you don’t buy more coverage than you need.
Deductible
Your deductible is the amount you pay when your insurance company accepts a claim to replace your items. A lower deductible plan has a higher monthly premium since the company will incur more expenses if they have to replace your items. A higher deductible plan costs less because you will have to pay more out of pocket if you file a claim.
Actual Cash Value (ACV) vs. Replacement Cost Value (RCV)
After an accident, insurance carriers might provide reimbursement using actual cash value (ACV) or replacement cost value (RCV) calculations. ACV policies consider the depreciation of value over time and pay less for older items. RCV policies pay for a new item of similar kind and quality. ACV policies can help customers save on monthly costs but provide less reimbursement after a claim. RCV policies are more expensive but provide additional reimbursement.
Credit Score
Insurance companies can use your credit score to assess risk and predict the possibility of a claim. According to insurance company projections, customers with lower scores are more likely to file claims. This means that you might get a lower rate if you have a good credit score.
Compare Renters Insurance Rates
Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.
Renters Insurance in Kansas: What You Need to Know
With renters insurance, you have a low-cost way to protect your assets. It can come in handy if there is a theft, fire or your assets are destroyed by weather events.
In Kansas, 29.8% of the population rents their home and pays an average of $862 per month. The average premium for a standard policy with $20,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible is $11 per month. This is 1.24% of the price of rent.
What Renters Insurance Typically Covers in Kansas
Before purchasing renters insurance in Kansas, it is important to understand what is covered and what isn’t. Most standard policies cover personal property, liability insurance, additional living expenses and medical payments. Certain policies may offer extra features like identity theft protection.
Personal property coverage can protect against burglary and damage caused by weather events. In Kansas, it can be smart to purchase renters insurance coverage since tornadoes and wildfires have been known to cause substantial damage.
What Renters Insurance Typically Does Not Cover in Kansas
Take the time to read the fine print to understand what your policy covers and what it does not. Ask your agent all of your relevant questions so that you have a better chance of your claims being accepted.
While renters insurance can help protect your belongings, it will not protect you in every situation. Here are a few events that are generally not covered by renters insurance.
- EventDescription
Structural Damage
Renters insurance covers your personal property, not damage to your rental home frame and structure. These are your landlord’s responsibility.
Flooding
While water damage from broken pipes or a faulty water main may be covered, flooding from a natural disaster is usually excluded. Flooding can occur in Kansas, so it could be smart to consider adding flood insurance through the National Flood Insurance Program (NFIP).
Earthquake Damage
Kansas does have earthquakes. However, damage occurring from earthquakes are generally not covered by renters insurance.
Expensive Items
High-end or expensive items like jewelry or gaming computers are often excluded from renters insurance. You may want to purchase extra coverage to protect your valuables.
Roommate Property
Your renters insurance will only cover your property. Your roommate needs to purchase their own renters insurance if they want to make sure their belongings are protected.
MONEYGEEK EXPERT TIP
Even though the state law does not require renters to get insurance, you can approach the Kansas Insurance Department to learn more about Kansas renters insurance. You may inquire about getting renters insurance, what it covers, what to do if insurance companies reject you and how to make a claim.
The Kansas Insurance Department can be contacted via one of the following channels:
- Office Address: Kansas Insurance Department, 1300 SW Arrowhead Road, Topeka, KS 66604
- Phone: 785-296-3071
- Consumer Hotline: 800-432-2484 (in-state), 785-296-7829 (out of state)
- Email: kid.commissioner@ks.gov
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FAQs About Renters Insurance in Kansas
Renters insurance may be unfamiliar to new renters. You can find answers to some of the most common questions concerning renters insurance in Kansas.
Compare Renters Insurance Rates
Ensure you're getting the best rate for your renters insurance. Compare quotes from the top insurance companies.
Renters Insurance in Kansas Analysis: Methodology
MoneyGeek analyzed renters insurance premiums from four of the top insurance companies in Kansas that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Kansas. Quotes were gathered for policies with personal property coverage of $20,000, $50,000 and $100,000; liability coverage of $100,000 and a deductible of $500.
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sources
- Nationwide. "Renters Insurance Coverage." Accessed March 30, 2022.
- Kansas Insurance Department. "Home & Renters Insurance." Accessed March 31, 2022.