Cheap Car Insurance in Missouri

Learn all about car insurance in the state of Missouri

Missouri car insurance can be more affordable than you think. It is possible to find cheap Missouri car insurance. The quest for lower car insurance rates starts with the knowledge that you can lower your rates if you take some time to do a little research and some shopping around. Most consumers don’t realize that they can lower their rates; that they are in charge of the process and that they have the upper hand. There is a great deal of competition for your with more than 100 car insurance companies, agencies, and brokers in the state. We have compiled all the information you need to know.

Missouri Car Insurance Laws

Missouri is known as the “show me” state and when it comes to Missouri discount car insurance, the state of Missouri is willing to do just that! Missouri has information available on the Internet that can help the car insurance shopper start the process of choosing car insurance at a discount rate.

As with most states, there is a requirement for car insurance for all registered vehicles in Missouri. Specific information is available at the DIFP (Department of Insurance, Financial Institutions, and Professional Registration) website and informs a driver's that you need to carry liability limits of $25,000 per person for bodily injury, $50,000 for bodily injury per accident and $10,000 for property damage per accident. The law also requires uninsured motorist coverage of $25,000 for bodily injury per person and $50,000 for bodily injury per accident. It is optional for drivers to also carry comprehensive coverage and collision coverage as well.

The minimum car insurance requirements for a Missouri are:

  • Bodily Injury Liability per person: $25,000
  • Bodily Injury Liability total per accident: $50,000
  • Property Damage Liability per accident: $10,000
  • Uninsured/Underinsured Motorist Protection Bodily Injury: $25,000/$50,000

The simplest rule when it comes to Missouri car insurance rates is that the more basic the coverage the lower the rate. If you decide to get a bare minimum liability insurance policy, then you are likely to have a lower monthly premium than if you had a collision insurance or comprehensive coverage policy. A lower dollar amount of coverage will also mean that you are required to pay a lower monthly rate.

If you are a high-risk driver, then you should stick with this level of coverage until you move into better standing with insurance companies; however, most drivers will need to add to this coverage for adequate protection. Increasing on these limits as well as adding collision and comprehensive car insurance is common and may be required if you have a car loan.

What is the difference between liability and collision insurance?

Liability insurance only covers damages that you may cause to someone else during an accident. If you are involved in a car accident, which is deemed to be your fault, your liability insurance will pay for the medical expenses and vehicle damage suffered by the person that you hit. However, to also receive compensation for your vehicle if you are at fault in an accident, you will need to carry collision insurance.

What is comprehensive coverage?

Comprehensive coverage takes care of damages to your car that result from causes other than an automobile collision. These may include the following: vandalism, fire damage, weather damage, dents caused by road-kill, or a broken windshield. However, there are few plans that cover every possibility, so you should make sure that you have a full understanding of exactly what is covered and what is not before signing a comprehensive coverage policy.

What is uninsured motorist coverage?

Uninsured motorist coverage (also known as underinsured motorist coverage or UM/UIM) will pay for damages to your vehicle if you are in an accident in which an uninsured or underinsured driver is at fault. This type of coverage is mandated by law in Missouri.

Missouri Car Insurance Rates

Car insurance rates in the state of Missouri form an extremely widespread. Some drivers may pay as little as $200 or $300 for a six-month policy, while others may end up paying as much as $2,000 or $3,000. Even within a single company, each Missouri Car Insurance Policy is unique. Multiple levels of coverage and policy types allow for a nearly infinite array of possibilities.

The average rate for a Missouri car insurance policy (yearly premium) as of 2018 is $470. This is lower than the national average. This makes Missouri one of the cheaper states in the nation in which to purchase car insurance. It still does not remove the fact that you can save a great deal, even on these lower than average rates, if you take the time to shop around and seek out discounts.

Average car insurance cost in Missouri :

Description Price/Year
Missouri Minimum Car Insurance Coverage $470 - $706
Missouri Minimum Full Coverage Car Insurance $1,211 - $1,441
Missouri Minimum Car Insurance Coverage for Young Drivers $1,190 - $1,328
Missouri Minimum Full Coverage Car Insurance for Young Drivers $1,931 - $2,172
Average car insurance in Missouri per month $39 - $181

Rates vary considerably on a local level as well. For more specific information regarding average car insurance rates in Missouri, here are the average rates for a few notable towns and cities across the state. Columbia: $431/year, Florissant: $939/year, Independence: $740/year, Kansas City: $578/year, Lee’s Summit: $506/year, St. Charles: $602/year, St. Louis: $714/year, St. Peters: $649/year.

Car Insurance Companies in Missouri

The state of Missouri has a huge variety of car insurance companies to choose from. Household names such as State Farm, Progressive, GEICO, AIG, Farmers, Safeco and Allstate are of course easily available to Missouri drivers but these are only a few of the available options. In fact, there are over many major car insurance companies operating in the state of Missouri. This wide range of options is great for consumers since each company is unique and is; therefore, able to cater to a specific set of needs.

There are companies that specialize in insurance for low-risk drivers as well as companies that offer low-cost liability insurance. There are companies that specialize in car insurance alone as well as others who offer car insurance as just one in a large range of insurance services. The more of these companies that you research, and the closer you examine each of them, the better your chances for finding a policy that is both affordable and satisfactory.

We’ve listed a few of the major companies here for you below, along with some basic information on their company histories and unique strengths and weaknesses.

Allstate

Allstate, established in 1931, is one of the largest insurance companies in the United States. In addition to automobile insurance, they also offer home insurance and life insurance in Missouri. As compared to other insurance companies who operate in Missouri, Allstate offers policies with relatively low competitive premiums.

GEICO

Although GEICO stands for Government Employees Insurance Company, it has also served non-government workers since the 1970s. Specializing in car insurance only, GEICO offers competitive rates to low-risk drivers as well as younger drivers in the state of Missouri. However, in a study done by the Missouri DIFP (Department of Insurance Financial Institutions Professional Registration), GEICO received lower than average satisfaction scores from its medium to high-risk clients.

State Farm

State Farm is the largest car insurance company in Missouri In fact, State Farm covers one out of every five registered drivers in the US. Since they started out in 1922, State Farm has gone from dealing strictly in car insurance to offering life insurance, homeowner’s insurance, and financial investment services as well. Although their prices are not the lowest in Missouri, they are nevertheless competitive. And in addition, they have one of the best customer satisfaction ratings in the state among drivers in all risk categories.

Safeco

This company may not measure up to the others as far as size is concerned, but they do offer some of the very best Missouri rates too low-risk adult drivers. Established in 1922, Safeco offers both car and homeowner’s insurance. Although their customer satisfaction rating may be only average, they make up for this with lower than average premiums.

Car Insurance Quotes in Missouri

Average car insurance quotes for Missouri car insurance companies

Rank Car Insurance Company Name Price/Year
1 American Family $346
2 Missouri Farm Bureau $368
3 Allied $383
4 Nationwide $397
5 SafeAuto $459
6 GEICO $485
7 State Farm $502
8 Progressive $548
9 Farmers $574
10 Allstate $635
11 Safeco $672
12 Esurance $841
13 Auto-Owners $925

Which company offers the most affordable rates?

Unfortunately, there is no simple answer to this question. Since every insurance company caters to a specific demographic, they each have strong rates in different categories. For example, GEICO has competitive rates for drivers with clean records, but less competitive rates for drivers with a higher risk factor. But, Safeco has extremely competitive rates for middle-aged drivers, but average to above average rates for teens and young adults.

The company that might be able to provide the lowest rates to one person may not be able to do the same for another. For this reason, it is a good idea to look at quotes designed specifically for "your" situation, from a variety of companies. This way you can find one that can provide you personally with the best possible rate.

Get Best Cheap Car Insurance Quotes in Missouri

Affordable MO car insurance premiums are made possible by a combination of factors that you can directly control and those that you can’t. For example, your rates will vary whether you are a male or female, according to your age and whether you are married. Your rates are affected by whether you live in a city with lots of traffic or in a rural area where there are less traffic and congestion that might lead to an accident. Your premium can change even according to whether your vehicle is used for business or for pleasure purposes.

Age and gender are the two most important of these considerations. If you are a teenager, your insurance rate will probably be two to four times as high as your adult counterpart. An average insurance company is likely to offer a policy with a six-month premium of around one or two thousand dollars to a teen, while they might offer a sixth month premium of as little as three or four hundred dollars to an adult. For adults up to age thirty, gender also plays a significant role, with women usually receiving slightly lower rates than men. Other considerations such as the make and model of your car and the length of your daily commute are also taken into account.

Another obvious factor will be your driving record. Fewer citations and accidents will ensure that you pay much lower premiums. Drivers with a pristine record are often referred to by insurance companies as “preferred” drivers and often receive superior service.

Find The Best Companies Offer Affordable Rates and Great Service

You really do want to find the best car insurance company you can and this doesn’t just mean the company that can offer you the best rates. You want a company that will listen to you, answer your questions and have your best interest in mind. Not only does this reduce your hassle and headache when you have to deal with them, but it can eventually save you money. This is because you can save a lot of money on your car insurance and other insurance products if you pick a company and stick with them. This is due to the discounts you get for having multiple vehicles on your policy, bundling policies, and renewing your coverage. These are not small discounts either, especially the bundling. These are some of the biggest discounts you can get on your insurance.

Compare Missouri Car Insurance Quotes

In addition to becoming familiar with the many reasons why one rate differs so drastically from another, looking through a great variety of insurance quotes from several companies will also help you find a rate that is appropriate for the level of coverage you need. Missouri Car Insurance Rates can run from anywhere around $200 per six months of coverage to as much as $2,000 to $3,000. This wide price spread is heavily dependent on the company that provides the insurance as well as the quality of the coverage. In order to find a car insurance policy that can provide you with excellent service at a reasonable price, it’s a great idea to compare as many Missouri car insurance quotes as possible.

A Great Time to Save is Before You Purchase Your Car

You can really make it easy on yourself when seeking out car insurance if you have the right vehicle. The next time you are ready to make a car change, keep in mind the cost to ensure your next vehicle. The difference from one vehicle to another can be drastic and greatly add to the cost of owning that vehicle. Look for vehicles that have good gas mileage, smaller engines, low mileage, security features, safety features and a reputation for not being targeted by thieves. The best way to know for sure how a specific car, truck or SUV will affect your rates is to get online rate quotes for specific cars before you sign on the dotted line. It only takes a few minutes to get these quotes, so if you have mobile access to the internet, you can get them at the dealership.

Get Cheaper Missouri Car Insurance by Increasing Your Deductible

You can also get cheap Missouri car insurance by seeking out a plan with a large deductible. The deductible is the amount of money you will be required to pay out of pocket for repairs before your insurance kicks in. For example: if your deductible is $300 dollars, then about an accident you will be required to pay the first $300 in damages, and your insurance carrier will pay for any amount in excess of this. Although this can be inconvenient about an accident, a higher deductible often means lower premiums. However, if you decide to find a plan with a high deductible you will need to make sure that you have sufficient funds in your savings at all times to pay this amount about an accident.

Gather Discounts to Reduce Rates

It will help you a great deal to take some time to learn where you actually stand in the eyes of car insurance companies. Most companies detail their discounts on their website. Take some time to browse through a few sites to see the discounts you may qualify for. Keep in mind that base rates differ, so just because one company offers you more discounts, doesn’t necessarily mean they will offer the cheapest rates. Of course, it is a good sign when you qualify for lots of discounts. You can qualify for discounts because of your age, years of experience driving, credit score, occupation, groups you belong to, being married with children and many, many more reasons.

You can receive discounts on your premium rate for all the following reasons:

  • Auto and Home Discount
  • Accident-Free Discount
  • Good Student Discount
  • Multiple Vehicles Discount
  • Air Bag/Both-Sides Discount
  • Anti-Lock Brakes Discount
  • Anti-Theft Device Discount
  • Automatic Seatbelts Discount
  • Elderly/Retired Discount
  • Premium Paid in Full Discount
  • Economy Care Discoun
  • Daytime Running Lights Discount
  • Armed Forces and Soldiers Discount
  • Federal Employee Discount
  • Safe Driver Discount
  • Defensive Driver Discount
  • Club Membership Discounts
  • Low Mileage Discount
Eleanor Rogers