Cheapest Car Insurance In Missouri (2024) (original) (raw)

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10/18/2024 08:00 AM

Due to the increasing cost of car insurance in Missouri, it is advisable for drivers to compare different policy options in order to find the most cost-effective coverage. Our reviews team has researched the best car insurance companies nationwide. We carefully examined the reputation, customer satisfaction, coverage options, and average premiums of each provider.

In this review, we will discuss the most effective methods for saving on insurance and the locations where you can find the most affordable car insurance in Missouri that suits your driving profile.

Key Points

• USAA is the cheapest car insurance company in Missouri overall, with an average rate of $25 per month for minimum coverage and $122 per month for full coverage.
• Missouri Farm Bureau and Progressive also offer affordable car insurance rates for many driver profiles.
• If you’re under 25 or have traffic violations on your record, your car insurance rates will be higher than the average.
• You can save on car insurance by opting for minimum coverage, looking for discounts, increasing your deductible, and bundling your auto insurance with other policies.

Cheap Car Insurance Missouri

Car insurance companies have varying criteria for determining prices, so the provider that is the cheapest for one driver may not be the cheapest for you. To illustrate this, here is a summary of the least expensive auto insurance providers and their rates for different types of drivers in Missouri.

*Unless stated otherwise, average costs are minimum-coverage rates for single male drivers between the ages of 25 and 35 with a clean driving history.

What Is The Cheapest Car Insurance Company In Missouri?

In general, we discovered that USAA provides the least expensive car insurance in Missouri for different types of drivers. The following sections will cover the average monthly costs of both minimum- and full-coverage car insurance from the cheapest companies in Missouri.

These rates apply to drivers in Missouri with various ages, locations, and driving histories. The cheapest companies are organized by minimum coverage costs.

Cheapest Minimum Coverage In Missouri: USAA

Drivers looking for the most affordable coverage that just meets Missouri state minimum requirements may find it at USAA for about $25 per month or $303 per year on average.

Cheapest Full Coverage In Missouri: USAA

If you want the best coverage at a good price, USAA is the best choice. The provider offers full-coverage insurance for an average of $122 per month.

Full-coverage insurance policies in Missouri generally include liability insurance, uninsured/underinsured motorist coverage, collision coverage, and comprehensive insurance.

Cheapest Car Insurance In Missouri: Age

Below, you’ll find average insurance costs for Missouri drivers ages 16 to 55 as well as the top five most affordable car insurance companies for each age group. The best auto insurance rates are often given to drivers who are between the ages of 30 and 55. This is because they have more road experience and are less likely to be involved in car accidents compared to younger drivers.

Average Car Insurance Rates By Age

Cheapest Missouri Car Insurance: Young Drivers

As mentioned, new drivers and early 20s typically pay the most expensive car insurance rates. This is mostly because these drivers have less practice driving and are more likely to not follow traffic rules and have car crashes.

In fact, the fatal crash rate per mile driven for teen drivers was nearly three times the rate for drivers 20 years old and older in 2021, according to the Insurance Institute for Highway Safety.

Cheapest Missouri Car Insurance For 16-Year-Olds: USAA

If you’re a teen driver or the parent of one, USAA may be your best bet for finding the most affordable car insurance in Missouri.

The company’s cheapest average rates for 16-year-old drivers are $92 per month or $1,109 per year, which is relatively affordable compared to other states. If you’re looking for full coverage, the average is $397 per month or $4,762 per year from Travelers.

Cheapest Missouri Car Insurance For 25-Year-Olds: USAA

Car insurance costs decrease a lot for young people in their 20s when compared to what teenagers pay. However, the rates can still be expensive for this age group depending on which insurance company you go with.

USAA provides the cheapest car insurance costs on average at $27 per month or $324 per year for minimum coverage. USAA costs $133 per month or $1,593 per year for full coverage.

Cheapest Missouri Car Insurance: Adult Drivers

Auto insurance is cheapest for people in their 40s. You can compare average auto insurance premiums of drivers in their 30s, 40s, and 50s from the top five cheapest companies for each age group below.

Cheapest Missouri Car Insurance For 35-Year-Olds: USAA

Drivers in their mid-30s may insure their cars at the cheapest cost by getting a minimum coverage car insurance policy from USAA. The company offers average minimum-coverage costs of $23 per month or $281 per year. For full coverage, USAA’s rates average $111 monthly or $1,336 annually.

Cheapest Missouri Car Insurance For 45-Year-Olds: USAA

Forty-five-year-old drivers may find the most affordable minimum coverage from USAA, with average rates of $22 per month or $270 per year. The cheapest full coverage comes from USAA at $104 per month or $1,243 per year.

Cheapest Missouri Car Insurance For 55-Year-Olds: USAA

Usually, USAA offers the most affordable car insurance rates in Missouri for drivers who are in their 50s. The insurer’s average premiums are $22 monthly or $263 annually for minimum coverage. The cheapest full coverage option is from USAA, costing $104 monthly or $1,243 annually

Cheapest Car Insurance In Missouri: High-Risk Drivers

Besides the type of coverage you choose and the age of your car, how safely you drive greatly affects how much you will pay for car insurance. Auto insurers typically determine if you’re a high-risk driver by looking at how many infractions are on your driving record, including speeding tickets, at-fault accidents, and DUI convictions.

Average Car Insurance Rates For High-Risk Drivers

Drivers who are considered high-risk have to pay car insurance rates that are higher than the average rates. This is because they have multiple violations on their driving records. On average, Missouri motorists who are deemed high-risk may find the most affordable rates from Missouri Farm Bureau for minimum coverage or Travelers for full coverage.

Cheapest Missouri Car Insurance For Drivers With A Speeding Ticket: USAA

Drivers with a speeding citation on their record can generally find the most affordable coverage from USAA, with average rates of $31 per month or $378 per year for minimum coverage and $147 per month or $1,760 per year for full coverage.

Cheapest Missouri Car Insurance For Drivers With An At-Fault Accident: USAA

Getting into a car accident in Missouri can make your car insurance rates go up. USAA tends to offer the most affordable rates on average at about $37 per month or $438 per year for minimum coverage and $164 per month or $164 per year for full coverage.

Cheapest Missouri Car Insurance For Drivers With A DUI: Progressive

If you’re a motorist with a drunk driving conviction, you may find the cheapest minimum car insurance in Missouri from Progressive for $40 per month or $483 per year on average. They also have rates of $258 monthly or $3,098 annually for full coverage.

Cheapest Missouri Car Insurance For Drivers With Poor Credit: USAA

People who have bad credit scores have to pay more money for their car insurance. Those who don’t have the best credit history may want to check out USAA, which has an average minimum-coverage rate of $45 per month or $543 per year and an average full-coverage rate of $220 per month or $2,644 per year.

Average Cost Of Car Insurance In 10 Missouri Cities

Another thing that affects how much you spend on car insurance is the location in Missouri where you reside. Auto insurance companies consider drivers riskier to cover in areas with:

• Larger groups of people
• There are additional vehicles on the street.
• More car accidents happening at greater frequencies
• More incidents of breaking traffic rules
• More incidents of car theft and auto vandalism
• Extreme weather conditions

Certain factors that increase the chance of risks tend to have a greater impact on people who own cars in big cities. That’s why drivers in busy cities have to pay the highest average price for car insurance with minimal coverage. On the other hand, drivers in rural areas with lower crime rates and fewer people are more likely to have lower rates.

Top 5 Car Insurance Companies In Missouri

Besides the price, we have studied more than 40 insurance companies by looking at how well they cover, provide service, and how reliable they are. From our analysis, we have identified the top five insurers for people living in Missouri. Based on our research, we found USAA to be the best provider for most drivers in Missouri. Here are the ratings we gave to our top recommendations.

*The overall and category ratings above are based on nationwide factors.

How To Get The Cheapest Car Insurance In Missouri

You can reduce how much you pay for car insurance in Missouri in a few different ways. These include:

• Opting for minimum coverage: Purchasing the minimum coverage mandated by your state will give you the least expensive car insurance available.
• Seeking out discounts: Most insurance companies have multiple discounts that can help cut down on premium costs, from military and good student discounts to discounts for drivers that remain accident free for five years.
• Raising your deductible: A higher deductible will lower your premium costs, but you’ll have to pay more out of pocket if you file a claim.
• Bundling your auto insurance: You can often bundle your auto insurance with a homeowners insurance policy or other type of coverage to earn a discount.
• Comparing quotes: Getting price estimates from various companies can assist you in determining which provider will offer the most favorable offer.

Many insurance companies also offer usage-based insurance programs, which can help you save money. These programs use telematics to monitor your driving habits–from your speed and braking to the time of day you drive. If you drive safely, you may be eligible for a significant discount. However, certain programs may increase your rates if you engage in dangerous driving habits.

Some companies also offer diminishing deductibles and accident forgiveness. A diminishing deductible option decreases your deductible amount each time you renew your policy. Accident forgiveness ensures that your rates won’t increase after your first accident with the company.

What Does Missouri Require For Car Insurance?

Drivers in Missouri must meet minimum insurance requirements as outlined by state law, which include basic liability insurance and uninsured/underinsured motorist (UM/UIM) coverage:

• $50,000 bodily injury liability per accident
• $25,000 bodily injury liability per person
• $25,000 property damage liability per accident
• $50,000 underinsured/uninsured motorist bodily injury coverage per accident
• $25,000 underinsured/uninsured motorist bodily injury coverage per person

Liability coverage only takes care of other parties’ injuries and property damages in an accident that you cause. UM/UIM covers your injuries and property damages, but only in the case that the at-fault driver has little to no auto insurance.

Getting comprehensive insurance will ensure that your car is covered if stolen, vandalized, or damaged by floods, fire, animals, or other natural disasters. Collision insurance covers your car repairs after an accident.

Our Take: Best Cheap Car Insurance In Missouri

When it comes to both minimum and full coverage, USAA is the best and cheapest auto insurance company for most drivers in Missouri. While the above costs can give you an idea of what you’d pay for car insurance in Missouri, requesting a customized quote will help give you a more accurate picture of what you’ll pay.

Many companies offer a quick and no-cost way to get a quote online. Alternatively, you can directly contact an insurance agent or representative from the company. Once you have gathered car insurance quotes from three or more providers, compare them to find the one that suits you best.

Best Cheap Car Insurance In Missouri: FAQ

Here are some frequently asked questions about car insurance in Missouri:

How much is car insurance per month in Missouri?

The average cost of minimum-coverage car insurance in Missouri is $53 per month or $638 per year. For full coverage, the average is $207 per month or $2,483 per year.

Is Missouri Car Insurance Cheaper?

Missouri auto insurance is typically cheaper than the national average. Nationwide, the average cost of minimum-coverage insurance is 670peryear,whiletheaverageinMissouriis∗∗670 per year, while the average in Missouri is 670peryear,whiletheaverageinMissouriis∗∗638 per year. For full coverage, residents of Missouri pay about $2,483 per year on average, which is more than the national average of $2,216 per year.

How We Rate Insurers

Our review process aims to deliver consistent and unbiased assessments of car insurance providers. While there are multiple qualities that make a car insurance company successful, our review team focuses on those we believe are the most important for consumers:

• Cost: Cost can be difficult to compare between insurers because so many factors impact annual premiums. The cheapest insurer for one driver may not be the cheapest for another. To determine our cost score, we look at insurance rate estimates generated by Quadrant Information Services, discount opportunities, and consumer reports.
• Coverage: To determine our coverage score, we look at the number of coverage options available as well as coverage limits and deductible options. Our ratings also take into account additional services and benefits like roadside assistance.
• Reliability: It’s important that an auto insurer is able to meet its claims obligations. Companies with a strong financial strength rating from AM Best score best in this category. Established insurers with a long history of reliable service also receive positive marks.
• Service: We comb through customer reviews on sites like the Better Business Bureau (BBB) to learn about customer experiences. Insurers with a low volume of complaints score well in this area. We also consider the claims process, giving higher ratings to car insurance providers that offer easy-to-use claims apps.

*Data accurate at time of publication.