Average homeowners insurance cost in Olathe, KS

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As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Olathe is $3,954 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $1,372 more than the national average of $2,582.

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Olathe depend on several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

Allstate is the cheapest homeowners insurance company in Olathe with an average annual premium of $3,954 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Olathe. Keep reading to learn about the monthly cost of homeowners insurance in Olathe, the cost for different dwelling coverage levels, and discover which companies provide the most affordable home insurance in Olathe.

Key takeaways

The average cost of homeowners insurance in Olathe is $3,954 per year.
Allstate is the cheapest homeowners insurance company in Olathe with an average annual premium of $2,548.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $601 more a year for home insurance.

Average homeowners insurance cost in Olathe per month

Residents of Olathe pay an average of $330 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $72 less than the state average of $402 and $115 more than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Olathe may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Olathe

Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $3,353 per year in Olathe, KS. Numerous factors influence your annual home insurance rates, including any natural disaster or event in your locality. For instance, certain regions have a higher risk of natural calamities such as floods, hurricanes, or tornadoes, implying higher expenses for rebuilding in these areas. These increased rebuilding expenses result in increased insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damages. So, if you reside in an area prone to flooding, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Olathe

According to a rate analysis by Insure.com, homeowners in Olathe pay an average of $3,954 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $601 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Olathe by company

Among the carriers analyzed, Allstate is the most affordable homeowners insurance company in Olathe. It’s average annual rate for homeowners in Olathe is $2,548.

State Farm, ranks second and Shelter Insurance makes it to the third spot with an average annual home insurance rate of $2,919.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Olathe and compiled a list of the most affordable home insurance companies.

Below are details of Olathe home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
State Farm	$2,856
Shelter Insurance	$2,919
Iowa Farm bureau	$3,244
American Family	$3,308
Farmers	$4,572
Nationwide	$5,786
Allstate	$2,548

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Olathe for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.