Best & Cheapest Homeowners Insurance in Olathe, KS November, 2024
Travelers provides the most affordable homeowners insurance for homeowners in Olathe, offering an average annual quote of $1,164.
We’ve saved shoppers an average of $450 per year on their home insurance.
In our thorough examination of homeowners insurance providers in Olathe, KS, Travelers stands out as the most affordable option, with average annual rates of $1,164. However, it’s important to note that the best insurer for you may vary depending on your specific circumstances and needs.
For example, if your credit score is lower, Allstate offers the most economical choice with an average annual premium of $2,760. If you own an older home, Allstate provides competitive rates of $1,790 per year along with comprehensive coverage.
On the flip side, if you have a newly constructed home, Allstate again offers the most cost-effective solution at $869 per year. For individuals with a history of claims, Farmers provides an understanding and affordable solution at $3,099 annually.
Furthermore, if you have valuable personal property requiring protection, State Farm proves to be the top choice, offering extensive coverage at a reasonable rate of $1,499 per year.
Our detailed analysis at Insuranceopedia aims to assist you in finding the ideal homeowners insurance coverage. Through comparing customer ratings, analyzing personal experiences, and presenting comparison charts, we provide all the necessary information for you to make a well-informed decision.
How much is homeowners insurance in Olathe, KS?
Travelers provides the most affordable homeowners insurance rate in Olathe, KS, at an annual premium of $1,164.
As indicated below, the homeowners insurance rates in Olathe are lower than both the national average and the average rate for the state of Kansas.
| Area | Average Monthly Rate |
| National | $1,820 |
| Kansas | $2,860 |
| Olathe | $1,548 |
Understanding insurance rates is crucial because they are not uniform and can vary significantly based on various factors.
Cheapest Homeowners Insurance in Olathe, KS
Our Methodology
To determine the most affordable home insurance rates in Olathe, we conducted a thorough analysis using data from various home insurance review sites. Some of these sites sourced rates from public filings obtained from Quadrant Information Services. We have averaged these rates for this review, but it's important to note that each company's rates can fluctuate frequently and will be influenced by your specific circumstances. Our overall rating also considers my subjective opinion, drawing from fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance policies. This blend of objective data and personal expertise ensures a comprehensive assessment of the available options.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest homeowners insurance in Olathe, KS
Travelers stands out as the most affordable overall option for homeowners insurance in Olathe, KS, offering an average annual rate of $1,164.
| Company | Annual Premium |
| Travelers | $1,164 |
| USAA | $1,443 |
| State Farm | $1,492 |
| Farmers | $1,580 |
| Allstate | $1,608 |
The price of your homeowners insurance policy is influenced by several factors, such as your location, the value of your home, and your claims history. Travelers provides a balanced combination of affordability and comprehensive coverage, making it a suitable choice for many homeowners.
Cheapest Homeowners Insurance In Olathe If You Have an Older Home
For homeowners with older homes, Allstate provides the most affordable rates, averaging $1,790 per year.
| Insurance Company | Average Annual Premium |
| Allstate | $1,790 |
| Farmers | $2,457 |
| Shelter | $2,476 |
| State Farm | $2,850 |
| Nationwide | $5,370 |
Older homes often carry unique risks and maintenance challenges that can result in higher insurance costs. However, Allstate offers competitive rates and comprehensive coverage specifically tailored to address the needs of older homes, making it a reliable choice for homeowners seeking affordable and effective insurance solutions.
Cheapest Homeowners Insurance for Newly Constructed Homes
For homeowners who own newly constructed homes, Allstate provides the most cost-effective solution, with an average annual rate of $869.
| Insurance Company | Average Annual Premium |
| Allstate | $869 |
| Travelers | $890 |
| State Farm | $1,138 |
| Farmers | $1,340 |
| American Family | $1,420 |
Newly constructed homes often have different insurance coverage needs compared to older homes, and Allstate is known for offering affordable policies specifically tailored to address these requirements.
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Cheapest Homeowners Insurance If You Have Poor Credit
If you have a poor credit score, Allstate offers the most affordable solution, with an average annual rate of $2,760.
| Insurance Company | Average Annual Premium |
| Allstate | $2,760 |
| Shelter | $2,972 |
| Farmers | $4,512 |
| State Farm | $4,889 |
| Nationwide | $5,692 |
Your credit score plays a significant role in determining your insurance rates, as it is a crucial factor that insurers consider when assessing risk. Allstate recognizes the importance of providing fair coverage to everyone, regardless of their financial history or credit score.
Cheapest Home Insurance In Olathe for a History of Claims
Homeowners with a history of claims can find an affordable solution with Farmers, which offers an average annual rate of $3,099.
| Insurance Company | Average Annual Premium |
| Farmers | $3,099 |
| Allstate | $3,181 |
| State Farm | $3,250 |
| Shelter | $3,670 |
| Nationwide | $8,690 |
Having a history of claims can indeed raise concerns for insurers and often result in higher premiums. However, Farmers believes in providing second chances and offers reasonable rates for homeowners with past claims, ensuring they can still access quality coverage without facing exorbitant costs.
Cheapest Home Insurance Rates for Lots of Personal Property
For homeowners with a significant amount of personal property, State Farm provides the most affordable rates, with an average annual rate of $1,499.
| Insurance Company | Average Annual Premium |
| State Farm | $1,499 |
| USAA | $1,512 |
| Allstate | $1,621 |
| Farmers | $1,655 |
| Auto-Owners | $3,990 |
As your personal property increases, so do your coverage needs, which can lead to higher premiums. State Farm addresses this by offering extensive coverage at reasonable rates, ensuring that all your belongings are adequately protected without breaking the bank.
Best Homeowners Insurance Companies in Olathe, KS
Selecting the appropriate homeowners insurance is not just a requirement; it’s a strategic choice. Olathe’s homes have a diverse history, mirroring its residents’ uniqueness. Hence, finding an insurance provider that offers comprehensive coverage at competitive rates becomes crucial.
To simplify your decision-making process, we’ve curated a list of the top homeowners insurance companies in Olathe, KS. These companies were evaluated based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Refer to our comparison chart below to find the ideal match for your home insurance requirements.
| Company | Annual Premium |
| Travelers | $1,164 |
| USAA | $1,443 |
| State Farm | $1,492 |
| Farmers | $1,580 |
| Allstate | $1,608 |
| AAA | $2,188 |
| Shelter | $2,460 |
| Nationwide | $4,785 |
Average Home Insurance Rates by Zip Codes
The cost of homeowners insurance in Olathe, KS can vary significantly based on the zip code. Below are tables showcasing rates for different zip codes in Olathe, along with the the cheapest and most expensive zip codes in the area for annual home insurance premiums.
| ZIP Code | Average Insurance Premium (Annual) |
| 66062 | $2,415 |
| 66061 | $2,414 |
Cheapest Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 66061 | $2,414 |
Most Expensive Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 66062 | $2,415 |
Average Home Insurance Rates in Olathe, KS by Deductible Amount
The deductible you select for your homeowners insurance policy has a notable impact on the premium rates in Olathe, KS. Here’s a breakdown of how the average rates for home insurance vary based on different deductible amounts:
| Deductible Amount | Annual Rate |
| $500 | $3,234 |
| $1,000 | $2,253 |
| $2,000 | $2,010 |
Average Home Insurance Rates in Olathe, KS By Coverage Amount
One critical factor that impacts your insurance premium is the amount of dwelling coverage you choose. This represents the maximum amount your insurance company will pay to rebuild or repair your home in case of damage or destruction.
Let’s delve into a comparison chart that illustrates the average annual homeowners insurance premiums for various dwelling coverage amounts.
| Dwelling Coverage Amount | Average Annual Premium |
| $200,000 | $1,789 |
| $250,000 | $2,045 |
| $300,000 | $2,415 |
| $350,000 | $2,768 |
| $400,000 | $3,020 |
Average Home Insurance Rates in Olathe, KS by Company
Here’s a comparison table showcasing annual premiums from some of the top providers in Olathe:
| Company | Annual Premium |
| Travelers | $1,164 |
| USAA | $1,443 |
| State Farm | $1,492 |
| Farmers | $1,580 |
| Allstate | $1,608 |
| AAA | $2,188 |
| Shelter | $2,460 |
| Nationwide | $4,785 |
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How Much is Homeowners Insurance for Other Cities in Kansas?
The following is a detailed comparison chart that showcases the cheapest companies and their annual premiums across various cities in Kansas.
| City | Annual Premium |
| Pierceville | $2,872 |
| Abilene | $2,230 |
| Clearview City | $1,784 |
| Lincoln | $2,196 |
Getting Online Homeowners Insurance Quotes in Kansas
Informative platforms such as Insuranceopedia make it easy to find the best coverage for your specific needs with just a few clicks. By offering quick online quotes from a range of top-rated insurers, Insuranceopedia allows you to compare rates easily.
Simply input your details, and let us handle the heavy lifting by presenting you with a selection of options tailored to your requirements. This enables you to confidently select a policy that offers the best value, balancing cost with comprehensive coverage.
FAQs
Who has the cheapest home insurance in Olathe, KS ?
Travelers offers the most affordable home insurance in Olathe, Kansas, with an annual premium of $1,164.
What is the average cost of home insurance in Olathe, KS?
The typical expense for homeowners insurance in Olathe, Kansas, is around $1,548 per year.
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