On average, your neighbors pay $119 a month.See Your Rates
The Sunflower State's given America some legends including Amelia Earhart, President Dwight Eisenhower, and Clark Kent, better known as Superman. But the homeowners insurance risks in Kansas could be kryptonite if you’re unaware of them when shopping for insurance.
How much is home insurance in Kansas? Kansas has high homeowners insurance premiums compared to the rest of the US. The average cost of homeowners insurance in the state of Kansas was $1,531, significantly higher than the national average of $1,173. Only six states have higher average home insurance rates than Kansas.
|Kansas Annual Average||$1,343||$1,431||$1,531|
|Kansas Price Per Month||$112||$119||$127|
|US Annual Average||$1,096||$1,132||$1,173|
|US Cost Per Month||$91||$94||$98|
|Source: Facts + Statistics: Homeowners insurance|
The graph below shows the change in average Kansas home insurance rates from 2011 to 2015, the most recent year the data is available. According to the III, Kansas homeowners insurance rates increased from $1,103 in 2011 to $1,531 in 2015, a jump of $428 dollars, or 38.80 percent.
Choosing a homeowners insurance company in Kansas should be easier. Actually, it’s already easy. The key to finding the best rates is to get a homeowners insurance quotes comparison in Kansas from multiple companies.
Last year, these were the most common home insurance companies reported by QuoteWizard users living in the state of Kansas. Out of the 7,391 Kansas homeowners that used QuoteWizard to request insurance quotes last year, 378 had no home insurance.
The above list shows the most popular home insurers in Kansas according to our users. But popular doesn’t always mean best.
Our study on the best home insurance companies focuses on top of the line companies. In no particular order, these companies stand out among the rest:
|Rank||Company||Financial Rating||Market Share|
|1||Iowa Farm Bureau||A||7.1%|
|2||American Family Insurance||A||6.5%|
|4||Nationwide Mutual Insurance||A+||4.4%|
|5||Farmers Mutual Insurance||A||4.3%|
|7||Wells Fargo Insurance||A+||3.7%|
|8||Ace American Insurance||A++||3.0%|
There are several factors that insurance companies use to determine your home insurance prices. Some factors, like your credit score, are unique to you and your home. Others, like weather risks, affect all KS residents.
Your insurance rates depend first and foremost on your home’s unique qualities. These are the main factors that affect your premiums:
Insurance companies also base your rates off previous claims on your record. If you’ve recently filed a claim, expect to pay more for insurance. Claims stay on your record for five to seven years. If you file more than one claim during that stretch, expect your rates to increase quite a bit. In fact, filing multiple claims in a few years is an easy way to get your coverage cancelled. That’s why homeowners avoid filing any unnecessary claims.
If you own an exotic pet or a specific dog breed, your homeowners insurance may cost more. You may even have a hard time finding a company to cover your home in the first place. According to the AVMA, 61 percent of KS residents are pet owners, the 15th highest rate in the country.
Your credit score is another factor that influences your rates. It’s controversial, but insurance companies look at your credit score to price your policy. People with a bad credit score pay more for homeowners insurance. KS has the 27th best credit score in the nation.
The higher the risk of natural disasters in your area, the higher your premiums are. Kansas is the 24th most natural disaster-prone state in the country. Tornadoes are a common natural disaster in the state, but climate varies depending on where in the state you live. For example, if you live near a river, prepare your home for flooding. No matter where in the Sunflower State you live, you could encounter one of these natural disasters:
Floods are always a possibility in your state, and home insurance doesn’t cover flood damage. Make sure to purchase flood insurance. According to the Kansas Department of Health and Environment, there are steps you can take to limit damage from a natural disaster.
Burglary is a serious crime and a risk for your safety and belongings. It can also cause your insurance prices to rise. Areas with a high property crime rate pay more for homeowners insurance. KS has the 16th highest property crime rate in the nation. In 2017, your state’s average property crime rate was 2,800.9 per 100,000 people.
Property crime rates vary depending on where in Kansas you live. For example, Wichita has an average of 55.62 property crimes per year per 1,000 residents. Lawrence, on the other hand, has a yearly average of 27.49 property crimes per 1,000 residents.
There are steps you can take to minimize the risk of a burglary occurring at your home. These include: alarms, deadbolt locks, security cameras, and more.
As a homeowner, you have plenty of policy options to choose from when shopping for home insurance. In KS, you can choose from these insurance types:
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