Smithville, MO Home Insurance Quotes!
Are you looking for affordable homeowners insurance in Smithville, MO? Although cost analysis and savings is a common factor for Smithville homeowners when it comes to looking for a new homeowners insurance policy, the most important is dependable coverage for your home and family. It's important to make sure your home insurance policy provides the protection you need for home related damages, loss, weather, theft or fires. If you want to save money on your insurance try applying the following home insurance discounts when you compare insurance quotes. You may realize that there are additional discounts available other than the common smoke detectors, burglar alarm (security), and deadbolts. All of these possible discount items can help you save up to 40% more on your homeowners insurance policy. Call 913-276-4017 or get quotes online and let our local Smithville home insurance agent help you today!
Homeowners Facts About Smithville, MO
The city of Smithville, within the great state of Missouri is around 8,425 residents in population size with 3115 occupied homes within the city of Smithville. The average family household in Smithville is 2321.
| Demographic | Values |
|---|---|
| Population | 8,425 |
| Total Occupied Households | 3115 |
| Family Households (families) | 2321 |
| Average Owner Occupied Household Size | 2.77 |
| Average Family Size | 3.13 |
| Total Housing Units | 3280 |
Smithville, MO Homeowners Insurance Rates
You can easily discover affordable homeowners insurance rates in Smithville thanks to GetHomeInsuranceQuotes.com and it's easy to use online quoting application. Local homeowners often ask how their current premium ranks compared to other company rates. Smithville homeowners are seeing average rates per year around $959 for an HO-3 policy. Rates can be as low as $709/yr. to around $1,259 a year for home insurance coverage on a typical single-family home where the majority of the homeowners throughout the country pay around $1311 a year. It's important to know that these average homeowners insurance rates reflect the cost of a standard home insurance policy which includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage. Please understand that a basic homeowners insurance policy does not include flood insurance, wind and hail insurance coverage nor earthquake insurance. Usually if additional insurance is required, our agents will help you setup an standard policy along with a specialized coverage policy to help make sure your home is protected.
| Avg. MO Rate | Discounts | Savings | Shop Rates |
|---|---|---|---|
| $1301 | up to 40% off | $520 |
The best Smithville homeowners insurance coverage includes an affordable rate with outstanding coverage. At GetHomeInsuranceQuotes.com, our MO licensed agents can provide up to 12 home insurance estimates for you to review. And our free consulting service allows us to answer any questions that you may have about which policy is best for your family and home.
Compare Homeowners Insurance Rates in Smithville, MO!
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Average Rates Nearby Smithville
Are you looking for homeowners insurance in a city near Smithville? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
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Home Insurance Rates by Zipcode in Smithville, MO
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Smithville.
Smithville, MO Home Insurance Average Premiums
$709 /yr.
For the city of Smithville, 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) | $709 /yr. |
| Average Coverage: | $959 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1259 /yr. |
What is the average home insurance cost for a home in Smithville, MO?
- • The average homeowners insurance premium paid annually for a home in Smithville is around $959 per year.
What does it cost on average per month for home insurance in Smithville, MO?
- • Homeowners in Smithville pay an average cost per month around $80.00 for insurance coverage.
Smithville, MO - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $342,289 | $314,027 |
| February | $344,658 | $319,295 |
| March | $348,684 | $325,844 |
| April | $353,162 | $332,401 |
Homeowners insurance will help cover the cost to repair or replace your Smithville 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 Smithville
- 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 Smithville, MO homeowners insurance rates all in one place! |
Saving Money Tips on Smithville Home Insurance
A great way to save money on Smithville 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 Smithville 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 |
|---|---|---|
| 823 ft. | This is the average home elevation in Smithville, 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 Smithville, 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 Clay County.
Missouri Homeowners Insurance News & Information
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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, […]
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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 […]
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Review How Many Homeowners Are Not Insured Per State Posted on Thursday 29th August, 2024
One of the major costs of owning a home is protecting it with homeowners insurance. This will ensure your home is repaired or rebuilt if it is damage or destroyed by a covered peril. It also helps protect you against lawsuits, theft and even vandalism. If you have a mortgage on your home, your lender […]
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Are homeowners insurance companies increasing deductibles? Posted on Thursday 22nd August, 2024
This year many homeowner insurance companies have been raising their homeowner percentage deductible from 1% to 2% which could be a massive increase for policyholders who have to make a claim on their policy. It has led to many homeowners shopping their coverage as their out-of-pocket costs skyrocket. As the cost of claims increases, particularly […]
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Homeowners in Texas are Seeing Home Insurance Rates Increase Posted on Wednesday 7th August, 2024
Homeowners in Texas are feeling the squeeze as homeowner insurance rates continue to climb. In a recent NBC 5 Investigates article, they looked at just how dramatic recent rate increases have been across Texas. Melinda Clifton has seen destructive weather cause hail damage to her roof three times in the last twenty years according to […]
Smithville, MO Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Smithville 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 Smithville, MO?
- The average square footage in Smithville is around 1,827 Sq. Ft. which would cost you around $222,900 to replace the home if you base the home on the price to build per square foot of $122.
Minimum Replacement Cost Total: $222,900
Location: Smithville, Missouri (Clay County)
Average Building Cost Per Square Foot in Smithville: $122 (low end)
Average Square Footage in Smithville: 1,827 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $122 | $222,900 |
| Some Additional Upgrades | $153 | $278,625 |
| Major Home Updates or Advancements | $183 | $334,350 |
The dwelling coverage is calculated by the average cost per square foot ($122) in Smithville, 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.