Get Independence, MO Home Insurance Rates!

Would you like to easily compare up to 12 competitive rates in Independence, MO without the hassle of having to speak to different home insurance agents all at once? At GetHomeInsuranceQuotes.com, we provide superior home insurance shopping services when it comes to finding cheaper rates with better coverage options. The majority of our carrier options are rated "A+" by A.M. Best and most of all they are brand names you can trust like Travelers, Safeco, Nationwide, Liberty Mutual, Progressive, and so many more home/auto carriers that are very competitive in Independence.

Getting multiple home insurance quotes in Independence doesn't have to be a burden. Our online quoting process makes it easy for you to get the quotes you need fast so you have time to review, compare and save up to 40% or more on your new homeowners policy. Please visit our home insurance discounts page to find out how you can save additional money on your insurance premium. Our process will run multiple estimates to help you apply all the discounts available so we can help you bundle and package your home insurance coverage together. This process makes it easy for you to get the home insurance shopping done right the first time.

Our Process for Quoting Homes in Independence, MO

Easily save time and money by shopping your policy with us. Cheaper rates are available for homeowners living in Missouri so it's important to work with a specialized Independence homeowners insurance agent that knows the best carrier that's right for you. Our process is simple and thousands of homeowners just like you enjoy our fast, free shopping service. Once you complete our quoting application, we will present up to 12 rates. We will also assign one licensed home insurance professional to help answer any questions that you may have. Enter your zip code and get your quotes today!

Homeowners Insurance Rates in Independence

Our most frequently asked question usually has to do with a comparision request of what Independence homeowners are currently paying per year and what other homeowners in Jackson County are also paying. Missouri may not be considered the most expensive state in the country to buy home insurance, it does rank higher than average at a nationwide rank of 20. Residents of Independence, MO are currently paying $1,301 for homeowners insurance coverage on average, where the majority of the United States home insurance premiums are around $1,311 per year. When we compare quotes, you can expect more affordable premiums at an average range of $1,040.80 to $1,561.20 for the cost of a standard homeowners policy which includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage.

Homeownership in Independence, MO

It's no secret that Independence, MO has now reached over 116,830 residents in population size with 72,371 homes within the city of Independence. The average number of homes per zip code in Independence is around 5,567. With population density increasing, it's important to make sure your home has the proper coverage within your local neighborhood or district.

Source	Value
Location:	Independence, MO (JACKSON County)
Population:	116,830
Occupied Residents:	72,371
Average Real Estate Value Per Zip Code:	$102,723

Compare Homeowners Insurance Rates in Independence, MO!

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Average Rates Nearby Independence

Are you looking for homeowners insurance in a city near Independence? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Independence, MO

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Independence.

64050, 64052, 64053, 64054, 64055, 64056, 64057, 64058,

Independence, MO Home Insurance Average Premiums

Local Independence, MO home insurance quotes comparison

$697 /yr.

Shows Independence's lowest average rates with discounts applied.

For the city of Independence, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:	Annual Premium
1800 sq. ft. or below (discounts applied)	$697 /yr.
Average Coverage:	$947 /yr.
2600 sq. ft. or higher (all discounts applied)	$1247 /yr.

What is the average home insurance cost for a home in Independence, MO?

• The average homeowners insurance premium paid annually for a home in Independence is around $947 per year.

What does it cost on average per month for home insurance in Independence, MO?

• Homeowners in Independence pay an average cost per month around $79.00 for insurance coverage.

Independence, MO - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$189,077	$170,017
February	$189,734	$173,596
March	$190,454	$177,894
April	$190,815	$181,431

Homeowners insurance will help cover the cost to repair or replace your Independence home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Independence
Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.

Get up to 12 competitive Independence, MO homeowners insurance rates all in one place!

Saving Money Tips on Independence Home Insurance

A great way to save money on Independence homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Independence area? Check out what homeowners are paying on average for Missouri homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation	Details	Homeowners Tips
841 ft.	This is the average home elevation in Independence, MO	Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Missouri flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954.

To get online quotes on your home and compare rates on home insurance premiums in Independence, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Jackson County.

Missouri Homeowners Insurance News & Information

$4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024
According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]
I can’t afford my home insurance, what do I do? Posted on Saturday 9th November, 2024
According to data from the National Association of Realtors (NAR), the average U.S. insurance rate is $2,377 a year. The data also suggest that homeowners could see a 6% rise in rates by the end of the year which is in addition to the 20% increase over the two previous years. As climate change pushes […]
How to Get the Best Homeowners Insurance Policy for Your Needs Posted on Wednesday 6th November, 2024
Having the proper insurance coverages in place is a critical part of owning a home, it protects your investment and finances in the event your home is destroyed by an unexpected disaster such as a fire, flood or severe storm. Understanding the different coverages that are available to homeowners is key to making sure you […]
Homeowners Shopping Rates Due to Rise in Premiums Posted on Monday 23rd September, 2024
According to the recently released J.D. Power 2024 U.S. Home Insurance Study a nationwide rise in premiums has driven many customers to shop for new policies as their rates are now too high. “’The average shopping rate among home insurance customers has climbed to a record high of 6.8% through the second quarter of 2024, […]
Where is it cheaper to rent than to buy a home in the United States? Posted on Thursday 5th September, 2024
According to a new study from Clever Real Estate, a St. Louis-based real estate company, monthly rent costs are actually cheaper than a monthly mortgage payment in 48 of the 50 most populous cities in the United States. Their analysis looked at mortgage principals, interest, taxes as well as homeowners insurance and they found that […]

Independence, MO Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Independence so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Independence, MO?

- The average square footage in Independence is around 842 Sq. Ft. which would cost you around $102,723 to replace the home if you base the home on the price to build per square foot of $122.

Minimum Replacement Cost Total: $102,723

Location: Independence, Missouri (Jackson County)

Average Building Cost Per Square Foot in Independence: $122 (low end)

Average Square Footage in Independence: 842 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$122	$102,723
Some Additional Upgrades	$153	$128,404
Major Home Updates or Advancements	$183	$154,085

Calculate Your Independence, MO Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($122) in Independence, Missouri times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $381,250 (Media price to build of $153 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.