Best Condo Insurance In Kansas 2024
In Kansas, Nationwide provides the best condo insurance options.
We’ve saved shoppers an average of $450 per year on their home insurance.
This guide will help you discover the best condo insurance options in Kansas. As a former licensed insurance agent, I can’t stress enough how important it is to have proper coverage—not only to shield you financially but also to give you peace of mind.
Don’t pass on coverage—choose a condo insurance policy that provides comprehensive protection against a wide range of risks, from theft to natural disasters. Keep reading to learn more about ensuring full coverage for your condo and yourself.
Best Condo Insurance Companies In Kansas, 2024
Compare The Best Condo Insurance Companies In Kansas
| Best For | Overall Rating | A.M Best Rating | J.D Power Rating | Get A Quote | |
|---|---|---|---|---|---|
| Nationwide |
Overall |
|
A+ |
819 |
Instant Quote |
| Chubb |
High-Value Condos |
|
A++ |
809 |
Instant Quote |
| Amica |
Runner-Up |
|
A+ |
849 |
Instant Quote |
| Travelers |
Discounts |
|
A |
794 |
Instant Quote |
Best Condo Insurance Companies In Kansas
Best For High-Value Condos
Key Statistics
Why We Like Them
⇅Chubb’s Masterpiece policy is designed for luxury condos, offering extended replacement cost to increase coverage. You can also include extra protections, such as identity theft and cyber coverage.
Chubb’s insurance offerings, designed to meet the needs of wealthy homeowners, make it a perfect fit for insuring high-value condos in Kansas.
Benefits & Drawbacks
⇅- Excellent customer service reputation
- Minimal complaints received
- Extended coverage is an option ✓
- Expensive for lower-value real estate
- Higher rates compared to top rivals
- Not accredited by the BBB ✘
Best Runner-Up
Key Statistics
Why We Like Them
⇅Amica is highly regarded for its outstanding customer service and variety of coverage options, positioning it as a great condo insurance provider. The company offers comprehensive coverage and up to 20% savings when bundling auto and condo policies. The Platinum policy adds even more protection through extended coverages.
Amica offers competitive rates, often lower than major competitors such as Allstate. Their low complaint levels also suggest that they provide a consistently satisfactory customer experience.
Benefits & Drawbacks
⇅- Well-regarded by customers
- Strong financial standing
- Multiple coverage options available ✓
- Dividend policies not provided in Kansas
- Rates are on the higher side
- AM Best rating downgraded in 2017 ✘
Best Overall
Key Statistics
Why We Like Them
⇅Nationwide should be a top consideration for condo owners in Kansas looking for insurance, offering extensive coverage and useful extras like protection for fixtures, installations, improvements, and alterations.
Nationwide not only offers specialized coverage for your unit and belongings but will also cover any extra costs you face if damage forces you to move out of your home temporarily.
The company excels in offering a fast and smooth claims experience. Their customer service team is dedicated to providing quick and fair outcomes, enhancing overall customer satisfaction.
Benefits & Drawbacks
⇅- Budget-conscious rates
- Low level of customer dissatisfaction
- Excellent for long-term protection ✓
- Not a great fit for cheaper condo units
- Discounts may have limited availability
- Potential for premiums to increase ✘
Best For Discounts
Key Statistics
Why We Like Them
⇅For those looking for savings, Travelers Insurance is a worthy contender. With multiple discount opportunities for condo owners, it offers lower premiums without sacrificing coverage.
The multi-policy discount is one of their key offerings, allowing you to save up to 15% by bundling condo insurance with car or other policies from Travelers. Bundling not only reduces costs but also makes insurance management easier.
Travelers Insurance offers discounts for condo insurance if you install safety devices in your home. The company values proactive risk management and rewards it with lower premiums.
Benefits & Drawbacks
⇅- Bundle discounts offered
- Financially solid company
- Competitive and affordable rates ✓
- Possibly enforces a restricted dog breed list
- Availability may be restricted
- Higher complaint rate than some competitors ✘
How Much Is Condo Insurance In Kansas?
Since condo insurance must cater to individual needs, I’ve created the following tables comparing costs to help you make an informed decision.
Average Cost Of Condo Insurance By Building Property Limits
The ideal amount of condo insurance is determined by the value of your condo and personal property. The first table compares average annual rates across various building property limits in Kansas.
| Building Property Limit | Average Annual Rate |
| $40,000 | $430 |
| $60,000 | $491 |
| $80,000 | $540 |
| $100,000 | $495 |
Average Cost Of Condo Insurance By City
This table lists the average monthly and annual condo insurance premiums paid by residents in 10 of Kansas’s largest cities.
| City | Average Annual Rate | Average Monthly Rate |
| Wichita | $507 | $42 |
| Overland Park | $470 | $39 |
| Kansas City | $486 | $41 |
| Olathe | $470 | $39 |
| Topeka | $476 | $40 |
| Lawrence | $464 | $38 |
| Shawnee | $468 | $39 |
| Manhattan | $465 | $38 |
| Lenexa | $467 | $39 |
| Salina | $469 | $39 |
Average Cost Of Condo Insurance By Company
This final table showcases the average annual costs for condo insurance in Kansas, as determined by the top national insurance companies.
| Insurance Company | Average Annual Rate |
| State Farm | $360 |
| Allstate | $450 |
| Shelter | $432 |
| Auto-Owners | $320 |
| Nationwide | $542 |
| Farmers | $675 |
| Marysville Mutual | $647 |
| American Family | $560 |
Please note that the prices shown in the above tables are estimates and can fluctuate based on factors like your insurance requirements, your condo’s location, and its architectural features.
Don’t just weigh cost when selecting a policy. It’s crucial to also seek affordable insurance that offers thorough coverage and choose an insurer with a high financial strength rating and quality customer service.
What Does Condo Insurance Cover In Kansas?
In Kansas, HO6 or condominium insurance typically safeguards everything inside your unit, such as walls, floors, fixtures, cabinets, and personal possessions, from damage and theft. Many policies also include coverage for common areas through loss assessment coverage, usually beginning at $1,000 but often available for higher limits.
- Decide on the necessary amount of condo insurance for your property.
- Investigate condo insurance options online and select three companies that give you the greatest peace of mind.
- Contact each of the three insurance companies and request a price estimate.
- Compare the coverage details, premiums, financial health, customer ratings, and available discounts of all three providers.
- Apply for a policy with the provider that offers the best terms.
How Much Condo Insurance Do I Need In Kansas?
The amount of condo insurance you need in Kansas depends on aspects such as the structure of your condo, the value of your personal possessions, and what your condo association’s master policy includes. Including loss assessment coverage can also help cover damage to shared spaces in the condo complex.
How Much Condo Insurance Is Required In Kansas?
Although insurance is not legally required for condo owners in Kansas, it is frequently necessary for mortgage lenders or condo associations. Most condo insurance policies provide liability coverage that ranges from $100,000 to $500,000.
Factors That Impact The Cost Of Your Condo Insurance Policy
These four factors are major contributors to how much you’ll pay for condo insurance in Kansas:
Age and Construction Type of Your Condo
The age of your condo plays a role in the cost of premiums—older units are more vulnerable to damage from outdated electrical, plumbing, and HVAC systems. Building materials are also important, with condos made from fire-resistant materials potentially reducing premiums in Kansas.
Replacement Cost
Replacement cost is the projected expense of rebuilding your condo unit after damage. A higher replacement value will drive up your insurance premiums.
Physical Address
If you’re insuring a condo in a high-risk area in Kansas, such as a neighborhood with high crime or exposure to severe weather, your premiums will likely be higher. The frequent wildfires in the state further increase condo insurance costs.
Claims History
If you’ve had prior insurance claims, insurers may view you as a higher risk, which could drive up the cost of your condo insurance. In contrast, a clean claims history can result in lower premiums.
Our Methodology
I analyzed customer satisfaction data from J.D. Power, credit ratings from AM Best, and consumer reviews to select the top condo insurance companies in Kansas. My evaluation also drew from my experience as a former licensed property and casualty agent who sold condo insurance in the state.
Quotes Analyzed
Brands Reviewed
Years Of Experience
Research Hours
FAQs
How much is condo insurance in Kansas?
In Kansas, the average condo insurance premium is around $470 per year, or $40 per month. However, the rates can fluctuate significantly based on location, coverage level, and the insured’s claims history.
How does condo insurance work?
Condo insurance covers the cost of repairs or replacements for your unit’s interior and personal belongings if they’re damaged or stolen. It also provides liability protection and fills gaps in the master policy, offering financial security.
Sources
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