Finding the cheapest auto insurance in Missouri on your own isn’t a cake walk. Though it’s not the most expensive state to purchase car insurance, it’s certainly not the cheapest. That said, from an insurance provider’s point of view, this is not without reason. With approximately 4 million licensed drivers on the road, Missouri had over 157,000 car accidents in 2019 alone, which resulted in 55,112 people injured and 881 people killed. That equals a lot of insurance claims.
Currently, to purchase minimum coverage in Missouri costs, on average, $445 a year. For full coverage, the cost jumps to $1,680. Keep in mind that these amounts are just averages. You can pay less if you know where to look, know what you’re looking for and are less than a risk to insure.
The cheapest car insurance in Missouri
The cheapest car insurance in Missouri are companies you’ve likely heard of. Sometimes it can be to your benefit to go with a smaller company, but not often. It’s rare that a local company is able to offer the same savings as a national one.
Based off our research, here are the top five cheapest providers in Missouri:
|Car insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
USAA is the cheapest provider in Missouri, but there’s a catch. They only insure current and former military as well as their immediate family members. If you meet these criteria, you should ask for a quote. USAA doesn’t just do car insurance. They also do home and renters insurance, too, which means you can save even more if you bundle your policies together.
Aside from being quite affordable, another great reason to work with USAA is that they have an A++ financial rating with AM Best, as well as top tier rankings from JD Power for customer satisfaction.
Geico will save you quite a bit of money with your car insurance no matter what state you live in, but it’s especially true when you live in Missouri. It repeatedly scores well with JD Power for customer satisfaction, and has one of the best insurance apps in the business. You can pay your premium, file a claim, make changes to your policy, and even request roadside assistance within it.
Our favorite reason to work with Geico is its amount of discounts. Geico offers arguably the most auto discounts of any other provider, many of which will save you a significant amount of money on your premium. Case in point, you can save up to 23% on your premium just for having airbags.
Progressive charges, on average, the least amount outside of USAA for full coverage, and comes in fourth for the Central U.S. for customer satisfaction. Scoring 849 out of 1,000, it was only 19 points behind first place.
Progressive offers many of the same discounts you can get with other auto insurance companies, but what separates it from everyone else is its level of transparency. Within Progressive’s site you can cost-compare Progressive with other companies. Another cool tool Progressive offers is its name-your-price tool. Tell Progressive your budget, and Progressive will show you how much insurance you could get at that price with them.
State Farm is currently the largest auto insurance company within the United States. With low rates and discounts that compete with Geico, State Farm is a good provider to get a quote from.
State Farm offers all of its customers a free top of the line mobile app, which you can use for all of your insurance needs, and is known for its excellent customer service. Our favorite thing about State Farm is the Drive Safe and Save app. With Drive Safe and Save, State Farm monitors your driving habits via an app. If it likes what it sees, you save on your premium.
When it comes to customer service, Allstate is just behind companies like State Farm and Progressive, which means you’ll get great customer service should you ever have to file a claim or check the status of one in Missouri.
Allstate offers all of the popular discounts Missouri drivers like to see, too, such as new car, multi-policy, pay-in-full and paperless. It is a particularly great company to work with if you have a student on your policy or you yourself are one. Get good grades and you’ll save big on your premium.
Affordable coverage for Missouri drivers
The state minimum coverage for Missouri is 25/50/25. This means that if you get into accident and are found at fault, your insurance company must pay up to:
- $25,000 per person per accident for bodily injury/ death
- $50,000 per accident for bodily injury/ death
- $25,000 per accident for property damage
Though this is a large amount of money, it’s not when it comes to accidents. Even if you discount the cost of medical costs, consider the cost of new vehicles. It’s not uncommon for a new car to cost over $40k or even $50k. Should you total a new car, any amount your insurance company doesn’t cover must be paid for by you out of pocket.
How to get cheap car insurance in Missouri
There are a few ways to get cheap car insurance in Missouri. First and foremost, you have to shop around because every provider has its own pricing algorithm— meaning each weighs the importance of your personal information in a different manner. Though every company is going to consider your driving history the most important factor, each company will weigh such things as where you live, what type of car you drive and how far it is for you to travel to and from work differently. This is why it’s easy to get different quotes from national providers.
Once you’ve rate shopped and narrowed down your list to a small handful of providers, the next thing you want to do is compare discounts. However, when comparing discounts, look at discounts you could take advantage either immediately or in the near future. If they’re similar between companies, you will next want to speak with a representative from each company and ask how much you would save with each discount (they will likely be able to tell you how much your total premium will be too).
Other things you can do include improving your credit score and increasing your deductible. If you do increase your deductible, know that you will get a lower payout should anything ever happen.
Frequently asked questions
What is the best car insurance in Missouri?
Many of the best car insurance companies in Missouri also happen to be the cheapest. However, our number one spot goes to Shelter Mutual, both for its financial strength rating (AM Best rates it as an A+) and for its customer satisfaction score with JD Power (858/ 1,000). To get full coverage costs, on average, around $1,889, so it is more expensive than other companies.
What is the average cost of car insurance in the U.S.?
Each state has a different average its drivers pay for car insurance compared to other states. However, the national average for full coverage is $1,601, whereas for minimum it is $480.
Compared to the rest of the states, Missouri is currently the 20th most expensive state in the United States for full coverage (Missourians currently pay $1,680), and 22nd for minimum ($445).
Does Missouri have a lot of uninsured drivers?
According to the Insurance Information Institute’s latest study, Missouri has a 14% uninsured rate, which makes it the 17th worst state in the U.S. for uninsured drivers. This is likely why Missouri mandates everyone purchase underinsured/ uninsured motorist coverage.
Is Missouri a no-fault state?
No, Missouri is a tort state, which means the at-fault party in a car accident must pay for any damages. Because of this, every driver in Missouri should strongly consider purchasing more than basic liability.
Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.