Home Insurance Lee's Summit

New and lifelong residents alike can save money and gain peace of mind with high-quality home insurance in Lee's Summit.
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Explore the Possibility of Life in Lee's Summit

With a population of more than 103,000 residents, Lee's Summit is one of the largest cities in the Kansas City metro area. It was also named one of the best places for families to live in 2023 by Fortune, so it's no wonder that many people are buying property and investing in home insurance in Lee's Summit. Expansive parks, diverse dining, cultural events and unique retail space attract residents and visitors from all over Missouri.

The Lee's Summit Real Estate Market

In early 2023, Lee's Summit ranked as one of the 10 Missouri markets with the fastest-rising home prices. Sperling's Best Places reports a median value of $356,900. slightly above the national median of $338,100. Lee's Summit real estate also has a projected annual appreciation rate of more than 13%, so homes here are a smart investment. You can protect your property with the right home insurance in Lee's Summit.

Protecting Your Lee's Summit Property

The elevated risk of tornados in Missouri is a primary concern for homeowners in Lee's Summit and surrounding areas. Other common weather events here also cause costly damage. Hail and wind represented nearly $500 million in state homeowner's claims in 2020, compared to about $283 million for fire and lightning claims, $11 million for burglary and theft claims and $326 million for all other claims.

Cost of Home Insurance in Lee's Summit

MarketWatch reports that Missouri has an average auto insurance cost of $3,838 per year for $250,000 in coverage. That's almost 59% higher than the national average of $2,417. The state's higher-than-average rate of weather-related disasters accounts for the extra cost of home insurance.

Homeowners in Lee's Summit have a slightly higher average homeowner's premium of $3,947 per year, which likely stems from the city's higher average home value. Each insurance provider has its own formula to calculate costs, so you can potentially save thousands on your policy by shopping around with VIU by HUB.

Understanding Missouri Homeowner's Insurance

If you opt for a standard Missouri home insurance policy, it will pay for these costs associated with covered events:

  • Repair or replacement of your home, either at the actual cash value or the full replacement value
  • Replacement of lost or stolen personal property, even when the theft does not occur at your home
  • Living expenses when you temporarily lose the use of your primary residence because of covered damage
  • Legal fees, medical expenses and settlement costs if someone outside the family suffers an injury on the property
  • Repair or replacement of ancillary structures on the property like detached garages, barns and sheds

The amount of coverage you should purchase varies based on the value of your home, the type of property you need to cover and other factors. Your mortgage lender may have minimum home insurance requirements. You can also update your policy with optional riders such as flood insurance.

Save Money on Lee's Summit Home Insurance

Every home is unique, so it's important to find coverage that fits your budget and your needs. You can save on your policy by getting quotes from multiple providers since each company has its own way of determining cost. VIU by HUB speeds up the process with our smart online quote tool.

This information is intended for general informational purposes only and is not intended to constitute legal advice.




Missouri Department of Commerce & Insurance

Southeast Missourian

Sperling's Best Places

Home insurance in Missouri by city

Understand risks, minimum state coverage requirements, average costs and other specifics that can impact auto insurance policies and premium rates in your city.