Best cheap homeowners insurance in Kansas City
Nearly 67% of Missouri residents are homeowners. Although homeowners insurance is not mandated by law like auto insurance, it is an important part of your financial plan. In Kansas City, the average homeowner with $250,000 in dwelling coverage pays $1,713 per year for home insurance.
Just like with auto insurance, homeowners insurance needs and prices vary. To find the best home insurance companies in Kansas City, Bankrate’s insurance editorial team analyzed insurance companies by reviewing average premiums, financial stability, available coverages, discounts and customer satisfaction scores.
Best cheap home insurance companies Kansas City
To determine the best cheap home insurance companies in Kansas City, we first obtained current quoted rate information from Quadrant Information Services. We then compared each company by reviewing the cost of home coverage, third-party rankings and coverage and discount options to find the best cheap home insurance companies for Kansas City homeowners.
|Home insurance company||Average annual premium for $250K dwelling||J.D. Power score|
|USAA*||$1,250||889 / 1,000|
|Allstate||$1,636||829 / 1,000|
|Travelers||$1,652||803 / 1,000|
|AAA||$1,707||825 / 1,000|
|State Farm||$1,784||829 / 1,000|
*USAA is not eligible for official ranking with J.D. Power due to eligibility restrictions.
USAA offers home and auto insurance in all 50 states and Washington, D.C., but only past and present military members and their families are eligible. USAA is the sixth largest home insurer in Missouri and has the cheapest average rates for homeowners insurance in Kansas City of the providers on our list. You have the option to tailor your home insurance coverage with USAA to your needs, adding options like identity theft coverage, earthquake coverage and home sharing coverage. Though USAA does not meet the criteria for official ranking in the J.D. Power 2020 U.S. Home Insurance Study because of its eligibility restrictions, the company earned the highest number of points.
Allstate provides a number of add-on coverages to allow you to customize your policy. Coverage for electronic data recovery, high-value personal items like musical instruments and yard and garden equipment could all be added to an Allstate home insurance policy. Allstate ranks sixth in the J.D. Power study and is the seventh largest home insurer in Missouri. The company has nine agents in the Kansas City area, which may be appealing if you prefer handling your insurance needs face-to-face.
Like many carriers in Kansas City, Travelers offers auto and home insurance with the option to save by bundling policies. With Travelers, homeowners can purchase additional coverages to further protect themselves and their homes. These coverages include special personal property, replacement cost protection, high-value items floaters and coverage for green homes. Travelers also has an Alexa Skill to provide tips, reminders and more without having to log into your account or call your agent.
When you hear AAA, you may be thinking of roadside assistance, but AAA also offers auto, home and life insurance products. AAA members may qualify for an additional discount when insuring their home and auto with the company, with added savings for bundling the two policies. Staying claim-free can also keep Kansas City home insurance premiums low, and seniors may qualify for even more discounts with AAA homeowners insurance.
State Farm is the biggest home insurer in Missouri, with an impressive 25% of the market share. State Farm’s premium is the highest on our list and is the only premium that is higher than Kansas City’s average premium, but the insurer does offer numerous discounts. Kansas City residents may be able to take advantage of State Farm’s impact-resistant roofing discount and home alert discount. At State Farm, you work directly with a dedicated agent who provides personalized service to help you create the right homeowners package for your needs.
Home insurance coverage options in Kansas City
Unlike auto insurance, homeowners insurance is usually not a legal requirement, but if you have a mortgage or loan, your lender likely requires the coverage. Even if you do not have a loan, many homeowners want to protect what may be their largest asset with homeowners insurance. In Kansas City, residents may want to consider these coverage options to protect their home:
- Dwelling coverage: This coverage is one of the fundamental coverages of homeowners insurance. Dwelling coverage provides financial protection if your home is damaged by a covered loss.
- Personal property coverage: This section of your policy provides coverage for your personal belongings, like your clothing and furniture. It is also a standard coverage on most homeowners insurance policies.
- Additional living expenses: If you cannot live in your home while it is being repaired after a claim, additional living expenses coverage might pay for you to stay somewhere else. Additional living expenses also provides coverage for other expenses that might arise, like laundromat fees.
- Hail and tornado coverage: Missouri is one of the highest-risk areas of the country for tornadoes. Strong storms can bring both hail and high winds, causing significant damage to your home and belongings. Talking to your agent to confirm that your policy provides coverage for such storms could be helpful.
- Personal liability coverage: This coverage is also standard on most homeowners insurance policies and is designed to provide financial protection if you are found at fault for someone’s injuries or for damaging someone’s property.
As well as the standard homeowners insurance coverages, most companies offer endorsements that may help you round out your coverage. A few options that Kansas City residents may want to consider include water backup coverage, earthquake coverage and identity theft coverage.
Home insurance discounts in Kansas City
Discounts for homeowners insurance vary by company in Kansas City, so it may be worthwhile to get multiple quotes to find the best cheap home insurance coverage. Most discounts can be stacked together for added savings.
- Multi-policy: Also called bundling, insuring your home and auto with the same company may qualify you for savings on both policies.
- Claims-free: The longer you go without filing a claim on your home insurance, the more you may be able to save with this discount.
- Monitored alarms: Monitored alarms may help emergency services respond more quickly to situations like burglaries or fires, which could lead to smaller claims. Because of this, insurance companies often offer a discount if you have a centrally monitored alarm.
- Home improvements: Updating your electrical wiring, improving your plumbing systems or adding a new roof may also reduce how much you pay for homeowners insurance. If you plan to make a home improvement, check with your home insurance company to see if it will qualify for a discount.
Although not a discount, you may be able to save on your home insurance by increasing your deductible. Your deductible is the amount of money you will pay out of pocket if you file a claim. If you are willing to pay more, your premium will generally be lower. You likely want to choose a level that you can afford to pay if you do have to file a claim.
Frequently asked questions
What is the best home insurance company?
The best homeowners insurance company in Kansas City is the one with the right coverage options for your needs. One of the best ways to find the company that is best for you is to get multiple quotes and compare the coverage options. You may also want to consider a company’s discounts, digital tools, financial strength and customer satisfaction scores.
How much does home insurance in Kansas City cost?
Based on $250,000 in dwelling coverage, Kansas City residents pay an average of $1,713 annually for home insurance. The average cost for home insurance in the United States is $1,312 for the same coverage. The age of your home, how much dwelling coverage you need, your claims history and any improvements to the home all affect the cost of your insurance.
How much home insurance do I need in Kansas City?
If you have a mortgage, you will likely be required to carry at least enough dwelling coverage to pay off your loan if your home is destroyed. You may want to consider how much your home will cost to rebuild if it is destroyed, as well as considering your personal property limit and your liability limit. Working with an agent is often one of the best ways to determine the amount of coverage you need.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
These are sample rates and should be used for comparative purposes only. Your quotes may be different.