Like almost all states in the U.S., in order to legally own and operate a motor vehicle in Missouri, the vehicle must be covered by car insurance. Missouri insurance requires the following minimum coverages: $25,000 for injuries to yourself or others, $50,000 per accident and $10,000 for property damage. If you fail to maintain liability insurance in Missouri, your vehicle’s registration could be suspended, and you could even lose your driver’s license.
According to the Federal Highway Administration, as of 2017, the state of Missouri had more than 4,274,000 licensed drivers and more than 268,000 miles of roadway for them to drive. In 2014, there were over 34,000 vehicle crashes in the state that resulted in fatalities. In the same year, there were over 103,000 car accidents that caused property damage. Fatalities have been on the downturn in Missouri since the 1990s, with better insurance requirements playing a role in reducing and addressing accidents.
Edmunds reports that there are ten essential elements to consider when shopping for car insurance. Follow this checklist when browsing Missouri car insurance providers to determine the best options for your specific circumstance:
- Determine the minimum Missouri insurance requirements
- Consider your current financial standing and what level of asset protection you require
- Familiarize yourself with your driving record. Have you incurred any traffic tickets or been involved in any accidents in recent years?
- Review your existing coverage and see what you’re currently paying for
- Source out a variety of quotes from a range of carriers
- Follow-up with specific insurance companies to discover more details
- Ask about insurance discounts for which you may be eligible
- Research consumer reports, ratings and reviews for each insurance provider you’re considering
- Read the fine print of the new policy before finalizing it
- Contact your previous insurance provider to cancel your old Missouri insurance plan
Best Car Insurance Companies in Missouri
There are a wide range of Missouri insurance carriers that are popular in the state and the rest of the Central Region. These are five of the most popular insurance companies in Missouri:
Shelter Mutual Insurance Company
When considering customer satisfaction among car insurance carriers in Missouri and the Central Region, J.D. Power sets Shelter apart from other insurance companies. Based on a 1,000 point scale, Shelter score sits at the top of the list at 858, and with five power circles, it ranks among the best in the business when it comes to keeping customers satisfied.
A.M. Best rates Shelter Mutual’s financial strength as A (Excellent), assigning it a grade of A+ for the long-term and signaling the insurance carrier’s outlook is stable. The company also gets an A+ rating from the Better Business Bureau (BBB), though it is not a BBB-accredited business. There are currently zero registered complaints about the company with the Better Business Bureau.
Based on J.D. Power’s car insurance rankings, Auto-Owners Insurance commands a pretty impressive degree of customer satisfaction. They score “Better Than Most” when it comes to local agents, price, policy offerings, and overall satisfaction.
The company scores high with A.M. Best, who rates its financial strength as A++ (Superior), with a long-term grade of aa+ and a stable outlook. Though not a BBB-accredited business, Auto-Owners Insurance is rated A+ by the Better Business Bureau. Despite its high rating, there have been 39 complaints closed with the company within the last year.
This well-known, nation-wide car insurance provider scores about average across the board among J.D. Power’s insurance ratings. From their website to call center procedures, prices, options and overall satisfaction, Allstate remains right around average for all of the review components.
Allstate is rated as A+ (Superior) in financial strength by A.M. Best, which also gives the nationwide carrier a long-term credit rating of aa and a stable outlook. Allstate is a BBB-accredited business with an A+ rating. BBB reports that the company has been in business for more than 88 years.
J.D. Power reports that among its 2018 customer reviews, Geico scored “About Average,” or three out of five power circles, among all review components: website, call center, prices, local agent and overall satisfaction.
According to A.M. Best car insurance reviews, Geico receives a financial strength rating of A++ (Superior), with a stable outlook and a score of aaa for the long-term. The Better Business Bureau gives Geico a B+ rating and notes that more than 1,000 customer complaints have been registered in the last year alone.
According to J.D. Power’s ratings, Travelers clocks in at about average with regard to call center representation, local agents, price, policy offerings and overall satisfaction.
While A.M. Best does not have a financial strength rating for the Travelers Insurance group, the insurance provider is rated A+ with regard to its long-term issuer credit rating, which includes a stable outlook for the company. Even though Travelers isn’t accredited with the BBB, it scores an A+ rating, despite closing 147 complaints in the past twelve months.
|Shelter Mutual||Auto-Owners Insurance||Allstate||Geico||Travelers|
|A.M. Best Financial Strength Rating||A (Excellent)||A++ (Superior)||A+ (Superior)||A++ (Superior)||N/A|
|Consumer Reports Satisfaction Reviews||N/A||N/A||Very Satisfied||Very Satisfied||N/A|
|J.D. Power Claims Satisfaction||858/1,000 (5 Power Circles)||856/1,000 (5 Power Circles)||844/1,000 (4 Power Circles)||838/1,000 (4 Power Circles)||832/1,000 (3 Power Circles)|
|Better Business Bureau||A+||A+||A+||B+||A+|
Average car insurance cost in Missouri
According to the Insurance Information Institute’s Auto Insurance Database, the average monthly expenditure for car insurance in Missouri was $791 in 2016. Of that amount, roughly $291 goes toward collision coverage, $189 toward comprehensive, and $444 for liability coverage. Over the course of the year, this average adds up to about $9,492 invested in Missouri insurance.
Car insurance discounts in Missouri
Missouri insurance companies offer a wide variety of policy discounts. Explore the following list to see if any of these scenarios apply to you:
- Multiple Vehicles Discount: if you have more than one vehicle on your car insurance policy, you may be able to get a discount on your monthly or annual premium.
- Multiple Policy Discount (Car & Home): Like the multi-car discount, you may find a better deal on your insurance quote if you bundle your home and car insurance policies.
- Accident-Free Discount: Many car insurance carriers offer steep discounts for safe drivers who have gone at least three years without an accident. The discount increases at six and ten years of accident-free driving.
- Good Student Discount: Students who rank academically in the top 20% of their class or maintain a “B” average can qualify for the Good Student Discount in Missouri.
- Paid-In-Full Discount: Drivers who can pay their insurance premium in full at the time of applying or renewing are eligible for a discount in the state of Missouri.
State minimum insurance requirements in Missouri
In Missouri, drivers are required to carry a minimum amount of car insurance. Specifically, drivers must carry enough insurance to cover $25,000 for bodily injury to yourself or others, $50,000 liability per accident and $10,000 for property damage.
Bodily injury insurance covers costs resulting from medical fees, income loss, or legal fees associated with car accident injuries. Property damage insurance covers any repairs or costs associated with damage to the other vehicle involved in your accident. If you want extra protection for your own assets, you may need to consider going beyond the basic state minimums for coverage.
Frequently asked questions
What is the cheapest car insurance in Missouri?
Car insurance prices can vary depending on your driving history, type of vehicle, age, gender and a variety of other factors. The best way to ensure that you find the best rates is by shopping around and comparing prices after you’ve been quoted.
Am I required to carry car insurance in the state of Missouri?
Yes, in order to legally own and operate a vehicle in Missouri, you must have basic car insurance coverage at least $25,000 for injuries to yourself or others, $50,000 per accident and $10,000 for property damage. The only way to avoid carrying an insurance policy in Missouri is by filing the Proof of Financial Responsibility form, which guarantees you can pay for any damages incurred in an accident.
Do I still need insurance if I don’t own a car?
Even if you drive a friend’s car or operate a rental vehicle, you should carry car insurance. Ask an agent about a non-owner car insurance policy to see if you can qualify. Though you won’t need comprehensive or collision coverage as a non-owner, it’s smart to carry a minimum of basic liability coverage in case you are injured or cause harm to someone else while operating a vehicle you don’t own.