Independence ,MO Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Independence, MO homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Independence, MO is $2181. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Independence, MO. VHome Insurance will help you navigate the world of homeowners insurance coverages in Independence, MO.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $872 |
| $200,000 | $1,483 |
| $300,000 | $1,832 |
| $400,000 | $2,792 |
| $500,000 | $3,511 |
Home insurance costs in Independence can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 064050 | $2,042 |
| 64052 | $2,027 |
| 64053 | $1,982 |
| 64057 | $2,131 |
| 64058 | $2,090 |
| 64055 | $2,079 |
| 64056 | $2,070 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Independence, MO, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,236 |
| $1000 Deductible | $2,000 |
| $1500 Deductible | $1,887 |
| $2500 Deductible | $1,701 |
| $5000 Deductible | $1,439 |
| Home Insurance Company Near Independence, MO | Homeowners Insurance Agency Near Independence, MO | Address |
|---|---|---|
| State Farm | Dave Tebbe | 11654 W 75th St, Shawnee, KS, 66214-1372 |
| Farmers | Gary Lewis | 11880 College Blvd Ste 202, Overland Park, KS, 66210 |
| Travelers | Insurance Inc | 11211 Johnson Dr, Shawnee, KS, 66203 |
| Farmers | Rudolph Rudy Rodriguez | 10503 Shawnee Mission Pkwy, Shawnee, KS, 66203 |
| Farmers | Stephen Benson | 7767 Quivira Rd, Lenexa, KS, 66216 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Blue township, Jackson County, Missouri | $119 | $159 | $238 |
| Lake Tapawingo city, Missouri | $133 | $177 | $266 |
| Sugar Creek city, Missouri | $118 | $157 | $235 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Independence, MO | 7.1% | 18.3% |
| Blue | 7.23% | 19.34% |
| Lake Tapawingo | 4.8% | 12.78% |
| Sugar Creek | 7.61% | 20.25% |
| Independence Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 301 | 1.0% | $352 |
| $200 to $299 | 474 | 3.0% | $802 |
| $300 to $499 | 1,841 | 12.0% | $1252 |
| $500 to $749 | 5,219 | 34.0% | $1927 |
| $750 to $999 | 4,696 | 30.0% | $2677 |
| $1,000 to $1,499 | 2,275 | 14.0% | $3802 |
| $1,500 or more | 471 | 3.0% | $5452 |
| Streets in Independence Area | Homeowners Insurance Cost |
|---|---|
| NW Sherwood Dr, 17th St, E 43rd Pl S, S Brooksode Ave, N Commerce Ave, Gill St, NW Leann Dr, E 3 Ter N, W 27 St, S Leslie St | $994 |
| E 7th Ter Ct N, Hanover Ct, NW 6th Street Ter, Gateway Dr, S Osage Village Dr, E Sea Ave, E 9th St N, NW Boxelder Ct, Brentwood Ave, NW Blossom Ct | $964 |
| N Wabash Ave, Union Cir, Susquehanna Dr, N Woodland St, E Lexington Ave, S Farley Ave, E 48th St S, Bundschu Rd, N Frandsen Rd, Joe Thomas Rd | $915 |
| Haynes St, River Front Rd, S Queen Ridge Dr, E 3rd Ter S, S Axline Rd, S Hedges St, W 30th St, E 43rd St S, Brentwood St, Roberts | $958 |
| E Sheley Rd, N Burnley Rd, Wigwam Dr, E Neil Chiles Rd, Anchor Cir, E Lexington Ave, E 87th Ter, S Delaware Ave, Hidden Valley Rd, Speck Ave | $952 |
| S Rogers St, Wilson Ave, Little Blue Pkwy, E Scarritt Ave, E 51 Ter S, E 19th Ter N, NE Red Bridge Ct, S Powahatan Ave, Teal Pl, S Larson Dr | $956 |
| Pebble Ave, S Willow Ave, N York Rd, Hub Dr N, State Hwy Ff, W 28 St S, S Arrowhead Ct, E Kentucky Rd N, W Maple Ave, NE Eastwood Ct | $966 |
| N Evanston Ave, Marshall Dr, NW Lee's Summit Rd, Sioux Ave, NW 51 St, E Cogan Rd S, S Whitney Dr, N Mohawk Ave, E 6th St S, E 27th St S | $951 |
| E Short Ave, Lake Tapawingo Block B Rd, E 31st St, Sundown Dr, NW Rosewood Dr, NE Bridgeport Ct, York St, Stillhouse Rd, E Greentree Ave, N Blue Mills Rd | $1,025 |
| E 3rd Ter N, Fall Dr, NE Fox Trail Dr, S Speck Ave, NW Delwood Dr, E 49 St S, NW Valley View Rd, Sedweek Ave, Andover Dr, Woodbury St | $995 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Independence | $143 to $146 |
| Blue | $143 |
| Lake Tapawingo | $159 |
| Sugar Creek | $141 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $2,800 |
| Yearly Independence Homeowner Insurance Premium Example | $1,600 | $1,200 |
| Out of Pocket Expense During Claim | $800 | $2,800 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $12,000 | $11,200 |
| Net Savings to Independence Home Owner from High Deductible Plan | $800 | |
| Scenario | Independence, MO Home Replacement Value MORE than Home Value | Independence, MO Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $118,500 | $90,500 |
| Insurance Premium based on Replacement Value | $700 | $525 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $12,500 | Risk Exposure from Under Insuring Coverage is $15,500 |
| Premium Impact | Insurance cheaper by $100/year | Insurance costlier by $75/year |
| Insurance Company | State Farm | Nationwide Insurance | Amica Mutual Insurance Company |
| Monthly Premium | 49 | 49 | 67 |
| Year Built | 1965 | 1946 | 1971 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 2 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $150000-$175000 | $150000-$175000 | $150000-$175000 |
| Deductible | $500- $1000 Deductible | $2500-$5000 Deductible | $1000-$2500 Deductible |