Home Insurance in Kansas


UPDATED: NOV 2020 | 2 MIN READ

Kansas is ranked #5 on the list of most expensive homeowners insurance States. This puts it well above the national average because homeowners have so many perils to worry about – especially those associated with sudden and unpredictable thunderstorms. The housing prices are a little high in Kansas, especially when compared to the average annual income. All of these things can contribute to a higher annual premium for homeowners. 

  • Fun fact – A famous Kansas preacher named Sylvester Graham is the reason why the graham cracker has its name. 

Average Rates in Kansas

Unfortunately for Kansas homeowners, this is one of the most expensive states in which to maintain a homeowners insurance policy. Specifically, it’s #5 on the list of most expensive states for homeowners insurance. Why is this? Unfortunately, it’s because Kansas is no stranger to severe weather – and severe weather causes lots of expensive damage that homeowners have to file claims on. Well the national average for home insurance is an annual premium of $1,211, the average Kansas homeowner is paying around $1,584 per year for their home.

Renters insurance, on the other hand, is actually below the national average in Kansas. The average renter, whether they’re saving up to buy their own home or just don’t want to deal with the hassle of homeownership, are usually paying around $172 per year for their renters insurance. The national average is $180, so it’s not a huge discount, but some savings are better than none at the end of the day. 

Kansas Legal Insurance Requirements

Kansas follows pretty standard homeowners insurance laws, with a couple of exceptions: most homeowners have to request replacement cost coverage, as actual cash value coverage is the industry standard. Also, freezing damage may not come standard on all policies for winter weather perils, so you should be sure to ask for it by name. This is especially important for homeowners in Kansas as ongoing climate change will make the extremes of winter weather temperatures that much more destructive as the years go by. You should be prepared for this with proper insurance coverage. 

Common Risk Factors in Kansas

Since Kansas is in the heart of Tornado Alley, damage from tornadoes and thunderstorms will obviously be your biggest concern as a homeowner. This damage can come from high winds, hail, flying debris, and unexpected flooding. Flood damage is not covered by traditional homeowners insurance policies, so you will need to purchase separate coverage either from FEMA or a private insurance company. Furthermore, Kansas winters are getting more and more extreme every year, with the heavy weight of more frequent snowfalls threatening to damage the roof of your structure. If you have a named perils homeowners insurance policy, you need to talk to your insurance agent and make sure that these perils are specifically named in your policy – or else you won’t be able to file claims against them and you’ll have to fix damage to your home 100% out of pocket. 

One of the main problems of living in a more expensive state like Kansas (when it comes to home insurance, that is) is that you may have trouble getting traditional insurance if your home is particularly high-risk. The good news is that there is a federal program for that – called the FAIR program – where you can find basic coverage, albeit for a more expensive rate. But in order to qualify for this type of coverage in Kansas, you have to have been rejected by at least three different private insurance companies for traditional coverage. Furthermore, you will have to submit to an inspection of your property before you can get approved. We know this sounds like a big hassle – which is why you should try as hard as you can to get a private insurance policy first before you contact KSfairplan.com

Insurance Demographics/Statistics in Kansas

Anything that makes you more likely to file a claim with your home insurance provider will happen expensive impact on your annual premium. We talked about how environmental threats contribute towards this in Kansas. Now let’s talk about some of the lesser-known factors which can also contribute towards a more expensive premium.

  • Housing Prices – Average home prices in Kansas are about $45k more expensive than the national average at $295,029 per home. Why is this important? Because you want to insure your domicile for at least 80% of its replacement cost, having a more expensive home means you have to purchase a larger quantity of coverage – and pay a higher annual premium as a result. 
  • Crime Rates – The higher the crime rates in your area, especially for property crime, the higher your annual premium will be. In Kansas, you have a 1 in 38 chance of being a victim of property crime, which is higher than the 1 in 43 national average. These higher crime rates are not good for Kansas homeowners. 
  • Homeowner Incomes – Here’s a not-so-secret secret about the insurance industry: major companies want to insure people who make a good income, so that they know you’ll pay your premiums on time and in full when they’re due. Unfortunately for Kansas homeowners, average annual incomes are below the national average at around $62,087. That’s only about $3,500 less, but it still could be enough to see a negative impact on your premiums. 
  • Education – Conversely, Kansas homeowners are a little bit more educated than the national average. Whereas 32% of the US population has a higher education, Kansas homeowners are sitting pretty at 33%. And people with college degrees usually get better rates on their homeowners insurance!

Where To Purchase Home Insurance in Kansas

We admit we’re a little bit biased, but we think you should shop online with us here at AgileRates.com. But we have good reason to think so. Did you know, for example, that fewer than 44% of homeowners shop around for a better deal each year when their policy is up for renewal? And of those, only 17% compare rates online, which is the easiest and quickest way to shop around.

There are other methods you could use, too. You can ask family and friends. You could flip through your local Yellow Pages and call insurance offices in your area, one by one. But if you’re like most people, that’s going to take a lot of time and energy that you don’t have. So let us do all the work for you, and start saving hundreds of dollars per year off your home insurance premiums!

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