Best homeowners insurance in Olathe, KS for 2022

Jessica Olivo

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Jessica Olivo

Jessica Olivo

Freelance contributor

Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.

After working in publishing and book publicity for many years, she transitioned to freelance writing full time.

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Homeowners insurance is important no matter where you live in the country, but if you live in Olathe, Kansas, you should be especially vigilant in protecting your house. Between the city’s location in Tornado Alley and the local creeks’ propensity for flooding, there is always a looming threat that could damage, or even destroy, your home. 

The average cost of homeowners insurance in Olathe is $2,405 per year or $200 a month — around 24% lower than the statewide average of $3,159 per year, and 26% higher than the national average of $1,899. 

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However, cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Olathe.  

Best homeowners insurance companies in Olathe

Allstate has the lowest home insurance rate in Olathe, with an average yearly cost of $1,839 — around 42% less than the state average. While State Farm’s average home insurance rate of $2,849 is more expensive, it has the best J.D. Power score for customer and claims satisfaction. 

Policygenius analyzed thousands of quotes from the 5 largest Olathe insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Olathe residents to find the best homeowners insurance in Olathe.

Company

Average yearly cost

J.D. Power Rating

State Farm

$2,840

835

American Family

$2,208

831

Farm Bureau Insurance

$3,162

--

Farmers

$2,241

813

Allstate

$1,839

829

State Farm

State Farm logo

There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.

Pros

  • Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage

  • Get up to $1 million in personal liability coverage

  • Score discounts for bundling, installing security devices, and choosing a high deductible

  • File and track claims online, over the phone, in person, or through its mobile app

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers or going a year without a claim

Why State Farm tops our best list

State Farm’s consistently high ratings for customer satisfaction make the company a great choice for customers. Not only does State Farm offer several discounts to bring down the cost of your policy, along with plenty of flexible coverage options, but customers also appreciate the company’s convenience and efficiency. Through State Farm, you have the option to file and track claims online, through its mobile app, over the phone, or in person.  

How to get a quote

Online through State Farm

American Family

American Family logo

American Family's status as the 7th largest home insurance provider in the U.S. speaks to its popularity and reputation. Our fave perk? Its diminishing deductible program that lets you earn credits for every year you go without filing a claim.

Pros

  • Unique coverage add-ons, like matching siding insurance and hidden water damage coverage

  • Save up to 20% on home insurance and 29% on auto insurance for bundling the policies together

  • Earn a $100 credit toward your deductible for ever year you go without filing a claim

  • File claims online or on its mobile app — with 24/7 claims support

Cons

  • Doesn't offer extended or guaranteed replacement cost coverage

  • Above-average customer complaints according to the NAIC

Why American Family tops our best list

American Family offers customers a way to reduce out-of-pocket costs by earning deductible credits. Each year you go without filing a claim, American Family will reduce your deductible by $100 — which can add up over the years to hundreds of dollars in savings.

How to get a quote

Online through American Family

Farm Bureau Insurance

Farm Bureau Insurance logo

Farm Bureau Insurance offers solid coverage options, a slew of insurance products, a one-deductible perk for bundling your home and auto policies together, and exceptional customer service.

Pros

  • Offers a slew of insurance products on top of home insurance — including auto, life, and farm insurance — to keep all of your policies with one company

  • High-quality coverage add-ons, including extended replacement cost and equipment breakdown coverage

  • Score discounts for having a new home or roof, installing safety devices, and being a loyal customer

  • Pay just one deductible if your home and car are damaged in the same incident and you bundle your policies

  • Industry-best customer service ratings

  • Low rate of customer complaints

Cons

  • Farm Bureau membership is required for coverage

  • Minimal information about coverage offerings available online

Why Farm Bureau Insurance tops our best list

Since your life changes from year to year, a Farm Bureau agent will review your policy with you to make sure your home insurance is still a good fit. By having an annual conversation with a Farm Bureau agent, you can determine if there are any gaps in your coverage or any new discounts that may be applied to your policy.

How to get a quote

By calling a Farm Bureau Agent

Farmers

Farmers logo

Farmers is one of the largest and most reputable home insurance providers in the industry, offering special discounts for teachers, nurses, first responders, and non-smokers — plus the option to rebuild your home with green materials after a claim.

Pros

  • Several discounts and unique ways to save, including claim forgiveness and declining deductibles

  • 3 flexible coverage packages with varying levels of protection for most coverage and budget needs

  • Offers extended and guaranteed replacement cost coverage options

  • File claims online, via text, on its mobile app, or by calling its claims center

Cons

  • Rates are typically more expensive

  • Below-average customer satisfaction ratings

  • No repair network to help you find a certified contractor or repair professional after filing a claim

Why Farmers tops our best list

Farmers offers customers different ways to save money for being “claim free.” Customers who go three or more consecutive years without filing a claim can receive a discount on their policy. And if you need to file a claim, Farmers won’t raise your rates if you’ve been claim free for the last five years. 

How to get a quote

Online through Farmers

Allstate

Allstate logo

Allstate's mix of exceptional customer satisfaction ratings, personalized coverage options, and numerous discount opportunities make it one of the most popular homeowners insurance companies on the market.

Pros

  • Several coverage add-ons, including ones for roof surfaces, water backup, green improvements, and mold protection

  • 8+ discounts, including autopay, bundling, zero claims, and new homebuyer

  • Get up to 25% off your premiums when you bundle home and auto insurance

  • Excellent customer service and claims satisfaction ratings

  • File and track claims online or through its mobile app

Cons

  • Rates are typically high compared to competitors

Why Allstate tops our best list

Homeowners can save even more off Allstate’s already low rates by taking advantage of their many available discounts. Just by bundling home and auto insurance, you can save up to 25% on coverage. In Olathe, that can quickly add up to over $450 in savings. 

How to get a quote

Online through Policygenius or Allstate

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Cheapest homeowners insurance companies by ZIP code in Olathe

Looking at average home insurance costs for 15 of the most popular companies in Olathe, we found that the cheapest home insurance in the city can be found in the 66061 ZIP code with Auto-Owners Insurance. The average Auto-Owners Insurance rate in this area is $1,522 per year — $883 less than the city average of $2,405 per year. 

As the table shows, homeowners throughout Olathe are likely to see the low rates with Auto-Owners Insurance, who have the cheapest rates in both the 66061 and 66062 ZIP codes. 

ZIP code

Company

Average yearly cost

66061

Auto-Owners Insurance

$1,522

66062

Auto-Owners Insurance

$1,525

The most affordable areas for homeowners insurance in Olathe

With an average home insurance rate of $2,404 per year, the 66061 ZIP code is the most affordable area for home insurance in Olathe. Factors such as low crime rates, newer homes, and lower values will often lead to more affordable home insurance.

ZIP code

Average yearly cost

66061

$2,404

66062

$2,405

The most expensive areas for homeowners insurance in Olathe

With an average home insurance rate of $2,505, the 66062 ZIP code is the most expensive area for home insurance in Olathe. While this rate is only $1 more than the neighboring ZIP code, houses that are larger or older may see higher home insurance costs. 

ZIP code

Average yearly cost

66062

$2,405

66061

$2,404

Shopping for homeowners insurance in Olathe

Shopping for homeowners insurance doesn’t have to be a confusing, complicated process. By knowing what type and how much coverage you need, you can feel confident that you're purchasing the right home insurance policy for your home. 

Olathe residents should make sure to have enough coverage in case a tornado causes major structural damage.

In this section, we break down the average annual home insurance rates in Olathe for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies in the state for individuals with a poor credit score, dog owners, and pool owners. Once you’re ready to shop, a Policygenius expert can help you navigate your coverage needs and help you find the best deal on homeowners insurance in Olathe.

Olathe home insurance costs by coverage amounts

Dwelling coverage is the part of your home insurance that covers the cost of rebuilding or repairing your home. To ensure you have a high enough limit, make sure your coverage limit reflects your home’s replacement cost — not its market value or the price you paid for it. 

The cost of your policy increases with your dwelling coverage limit. In Olathe, a home insurance policy with $100,000 in coverage costs an average of $1,174, while a policy with $500,000 in coverage costs $3,629.

Dwelling coverage amount

Average yearly cost

$100,000

$1,174

$200,000

$1,779

$300,000

$2,405

$400,000

$3,011

$500,000

$3,629

Liability coverage pays for medical or legal bills if you’re found legally responsible for an injury or property damage. To make sure you are fully protected, your liability coverage limit should be enough to cover the total value of your assets, including your house, cars, and any liquid assets.

Liability coverage amount

Average yearly cost

$100,000

$2,392

$200,000

$2,282

$300,000

$2,405

$400,000

$2,729

$500,000

$2,371

Olathe home insurance costs by deductible amount

Your policydeductible is the amount you’re responsible for paying on each claim before your insurance kicks in. While choosing a higher deductible can save you money on your premium, it also means you’ll be paying more out of pocket before your insurer will reimburse you for a loss.

As seen in the table below, Olathe residents can save around $440 on home insurance by choosing a $2,000 deductible over the $500 option.

Deductible amount

Average yearly cost

$500

$2,641

$1,000

$2,405

$2,000

$2,201

Home insurance discounts in Olathe

You may be eligible for discounts on your home insurance if you have a security alarm, smoke detector, or even a deadbolt lock on your doors. Insurance companies offer these discounts as incentives to make your home more secure. By doing so, you are less likely to file a costly claim due to a fire or break-in. 

While you won’t get a huge discount if your house has one of the following features and nothing else, they can add up if you have several protective devices in your home. Here is the average annual rate and average discount percentage for homes in Olathe with deadbolts, smoke alarms, or burglar alarms. 

Discount

Average yearly cost

Dead bolt

$2,399

Smoke alarm

$2,387

Burglar alarm

$2,341

Home insurance companies in Olathe for dog owners

Insurance companies will often charge higher rates for owners of certain dog breeds that are believed to be responsible for more bite-related liability claims. 

With an average rate of $1,839 per year, Allstate has the cheapest home insurance rates in Olathe for a home with a dangerous dog breed, while Farm Bureau’s average yearly premium of $3,162 is the highest.

Company

Average yearly cost

Allstate

$1,839

American Family

$2,218

Farmers

$2,241

State Farm

$2,840

Farm Bureau Insurance

$3,162

Home insurance companies in Olathe for poor credit

Your credit score can play a factor in determining your home insurance rate. Insurance companies often charge higher rates to customers with poor credit because they are more likely to file a claim for small losses or damages. 

If you suspect your credit score is the reason your premium is too high, try shopping around. Comparing quotes is the best way to find cheaper home insurance. 

With an average rate of $2,754 per year, Allstate has the cheapest home insurance rates in Olathe for a homeowner with poor credit, while State Farm’s average yearly premium of $4,879 is the highest. 

Company

Average yearly cost

Allstate

$2,754

American Family

$3,179

Farmers

$4,510

Farm Bureau Insurance

$4,579

State Farm

$4,879

Home insurance companies in Olathe for pool owners

Since homeowners with swimming pools tend to file more liability claims due to pool-related injuries, you will often see higher home insurance rates if you have one on your property.

However, not all insurance companies factor this risk as heavily as others when calculating your rates, so make sure to shop around and compare rates from multiple providers.

With an average rate of $1,876 per year, Allstate has the cheapest home insurance rates for Olathe homes that have a swimming pool, while Farm Bureau Insurance’s average yearly premium of $3,162 is the most expensive.

Company

Average yearly cost

Allstate

$1,876

American Family

$2,216

Farmers

$2,241

State Farm

$2,840

Farm Bureau Insurance

$3,162

How to buy homeowners insurance in Olathe

Floods and tornadoes are just two of the reasons why homeowners in Olathe should be protected with the right insurance policies. 

Here are some steps to making sure you have the right home insurance for your home: 

  1. Reach out to a licensed Policygenius agent. A Policygenius agent can walk you through every step of buying a new homeowners policy, from determining your coverage limits to choosing a deductible. 

  2. Ask about the Kansas FAIR plan. If you’ve been rejected by traditional insurance companies, ask about the Kansas FAIR plan to make sure your home is covered. 

  3. Consider purchasing flood insurance. Olathe’s creeks are prone to flooding and even a small amount of water in your house can do a lot of damage. 

  4. Figure out how much you can afford to pay for your deductible. A lower deductible may cause an increase in your home insurance premiums, but if you have to make multiple claims throughout the year, it could save you money in the long run.

  5. Compare quotes from a Policygenius agent. If you need help in deciding which policy is the right one, a Policygenius agent can help you compare quotes.

  6. Choose your policy, sign it, and pay your first premium. Once you’ve decided on a policy, one of our agents can prepare the forms for you to sign and show you how to make your first payment. We’ll even cancel your old policy for you if it hasn’t expired.

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Frequently asked questions

How much is home insurance a month in Olathe, Kansas?

The average cost of insurance in Olathe is $2,405 per year, or $200 a month.

Why is homeowners insurance so expensive in Olathe?

An above-average crime rate, as well as being prone to tornadoes and flooding, contribute to the expensive home insurance rates in Olathe.

Methodology

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.