Shopping around for the cheapest car insurance in Missouri can help you reduce your vehicle budget. Even reducing your insurance rates by a few dollars each month can lead to significant savings each year.
Table of Contents
- Missouri Auto Insurance Costs by Insurer
- Missouri Auto Insurance Premiums by Driver Age
- Missouri Car Insurance Premiums by Gender and Marital Status
- Average Missouri Insurance Rates After A Violation or Accident
- Missouri Auto Insurance Premiums by Credit Tier
- Expensive Missouri Cities
- Cheaper Missouri Cities
- Resource Section: “Methodology” section **won’t be labeled separately
- List of Insurance Companies in Missouri
- No-fault Insurance in Missouri Information
- Resource Section
Missouri Auto Insurance Costs by Insurer
Insurance rates in Missouri vary depending on many factors, including level of coverage, driver’s age, vehicle type, and location. Whichever insurance policy you choose, you want to ensure that you have the legal minimum of insurance required in Missouri:
- A minimum of $25,000 injury coverage per person.
- A minimum of $50,000 per accident for bodily injury.
- A minimum of $25,000 per accident for property damage.
Full-coverage is a policy that goes above these minimum requirements. The cheapest insurance providers, according to WalletHub, for full-coverage in Missouri include:
- Esurance: $1,061 average annual rate.
- USAA: $1,117 average annual rate.
- State Farm: $1,311 average annual rate.
- Travelers: $1,323 average annual rate.
- Auto-Owners: $1,360 average annual rate.
In addition to knowing the insurance minimums of Missouri, it is also important to know the laws regarding proof of insurance. Missouri law requires drivers to carry proof of insurance, either a physical copy of the insurance policy or a mobile document. This document should include the driver’s name, policy number, and the insured vehicle. Missouri drivers will also have to share this information when registering a new vehicle or renewing their driver’s license.
Missouri Auto Insurance Premiums by Driver Age
Teen drivers tend to pay more for insurance in Missouri because they are higher-risk drivers who are more likely to be in an accident. A teen driver in Missouri may pay as much as $6,511 annually for insurance, which is $4,000 higher than other drivers.
Shopping around to find the best insurance as a teen driver can save you money. Here are some of the best teen car insurance rates:
- State Farm: Average rates of $4,164 full coverage, $1,368 minimum.
- Shelter: Average rates of $5,148 full coverage, $1,863 minimum.
- Allstate: Average rates of $5,163 full coverage, $1,684 minimum.
- American Family: Average rates of $6,413 full coverage, $2,131 minimum.
- GEICO: Average rates of $6,568 full coverage, $2,512 minimum.
- Progressive: Average rates of $8,257 full coverage, $2,618 minimum.
- Farmers: Average rates of $9,027 full coverage, $4,845 minimum.
- Auto Club: Average rates of $11,919 full coverage, $3,390 minimum.
- USAA: Average rates of $1,871 full coverage, $643 minimum.
Many teen drivers choose the minimum coverage because it tends to be more affordable. However, it is important to consider the cost of being in an accident. While full coverage may seem costly, teens are more likely to be in an accident, which can then put them in a difficult financial situation.
Missouri Car Insurance Premiums by Gender and Marital Status
A driver’s gender and marital status can also affect insurance rates. Married people may receive cheaper rates. As always, it is important to shop around to find the best rates based on all these factors.
Average Missouri Insurance Rates After a Violation or Accident
Receiving a traffic violation, such as speeding or being in an accident, can increase your insurance rates in Missouri. Distracted driving also significantly increases your chances of being in an accident, which can increase your premium rates.
A DUI on your record can also lead to increased insurance rates. If you have a DUI on your record, you will probably find the best Missouri insurance rates with USAA or State Farm. Speeding tickets tend to increase insurance rates less than when compared to an at-fault car accident or a DUI on your record.
Missouri Auto Insurance Premiums by Credit Tier
Your credit rating can also affect your insurance premiums. Insurance companies in Missouri use this information to determine your likeliness of filing an insurance claim. This is based on an average credit rating of 701. Anything below this could lead to higher premiums.
Multiple factors can lead to high insurance rates, like a teen driver who also has poor credit. Teens with less-than-perfect credit may find the best rates with Columbia ($783 annually) and GEICO ($1,091 annually).
Expensive Missouri Cities
Where you live and work can also affect your insurance rates. The following cities tend to be the most expensive in Missouri:
- Saint Louis: 59.1% higher than average.
- Florissant: 54.7% higher than average.
- Arnold: 39.3% higher than average.
- Fenton: 38.0% higher than average.
Cheaper Missouri Cities
Some cities in Missouri also tend to be cheaper:
- Jefferson City: 0.0% increase in rates.
- Rolla: 1.9% increase in rates.
- Lebanon: 3.8% increase in rates.
- Sedalia: 4.6% increase in rates.
Cities with more traffic and higher populations tend to have higher insurance rates.
List of Insurance Companies in Missouri
Missouri drivers have a lot of options when it comes to choosing car insurance. To help make your decision, MoneyGeek compared Missouri insurance options, assigning each one with a score out of 100. USAA ranked the highest, with 100 points. Auto-Owners Insurance and GEICO were close behind, with 97.5 and 92.5. Allstate, AAA, Travelers, and Progressive all received scores of 85.
State Farm may be a good option for higher-risk drivers, such as teens or those who have been in an at-fault car accident, as well as drivers with a speeding ticket.
No-fault Insurance in Missouri Information
It may tempt you to buy the minimum coverage in Missouri because it is cheaper, but if you are in an accident, you could end up owing money out of pocket.
The cheapest no-fault insurance companies in Missouri include:
- State Farm: Average annual rate of $425.
- Progressive: Average annual rate of $519.
- American Family: Average annual rate of $521.
- Allstate: Average annual rate of $660.
- Shelter: Average annual rate of $804.
- Farmers: Average annual rate of $929.
- GEICO: Average annual rate of $979.
- Auto Club: Average annual rate of $1,076.
- USAA: Average annual rate of $294.
It is important to consider your costs following an accident if you choose no-fault insurance coverage.
Finding the cheapest car insurance in Missouri requires that you shop around. By considering the different factors that lead to insurance increases and gathering quotes from multiple providers, you can secure coverage for your vehicle at an affordable price.
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