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Best cheap homeowners insurance in St. Louis
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
The best home insurance companies in St. Louis
To determine which carriers to feature, Bankrate’s insurance editorial team reviewed average quoted premiums from Quadrant Information Services for the largest home insurance carriers in the St. Louis area. We also reviewed available coverage types, discount opportunities, policy features and third-party customer satisfaction rankings from J.D. Power and financial strength ratings from AM Best. We used all of this data to assign a Bankrate Score, which is based on a five-point scale and can help you identify and compare companies offering affordable rates and good customer service.
If you are shopping for the best home insurance in St. Louis, Missouri, consider getting a quote from USAA, Nationwide, Allstate, American Family or Travelers.
| Insurance company |
Bankrate Score
|
Average annual premium* | J.D. Power Score |
|---|---|---|---|
|
4.7
|
$1,328
|
881
/1,000 |
|
|
4.3
|
N/A
|
812
/1,000 |
|
|
4.2
|
$1,495
|
809
/1,000 |
|
|
4.2
|
$2,076
|
813
/1,000 |
|
|
4.1
|
$2,114
|
790
/1,000 |
Best overall (tie)
4.7
4.7
Avg. premium for $300K dwelling
$1,442/yr
Customer satisfaction
881/1,000
Why USSA made our list: USAA is not available to everyone, only members of the military and their qualifying family members. But, those who qualify for a policy might want to consider getting a quote, as it is widely considered one of the best home insurance companies in St. Louis. Although USAA’s strict eligibility requirements exclude it from official J.D. Power ranking, year over year, it consistently scores well above average in terms of customer service and property claims satisfaction. Its policies automatically insure your personal property at replacement cost value (which typically costs extra with other insurers) and include other perks like savings on an ADT security system, PODS moving and storage and handyman services from Angi. However, USAA does not have local offices, which could be an issue for homeowners who prefer in-person service.
Why USAA may be best for military-focused coverage: USAA exclusively serves the military community and their families, a value that is reflected in its coverage offerings. Military uniforms and equipment are covered at no deductible for active-duty members. Homeowners stationed near Jefferson Barracks might want to take advantage of USAA’s military-focused coverage types. It’s also worth mentioning that, for the third year in a row, USAA is a Bankrate Awards winner for Best Home Insurance Company Overall (tie).
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Why USSA made our list: USAA is not available to everyone, only members of the military and their qualifying family members. But, those who qualify for a policy might want to consider getting a quote, as it is widely considered one of the best home insurance companies in St. Louis. Although USAA’s strict eligibility requirements exclude it from official J.D. Power ranking, year over year, it consistently scores well above average in terms of customer service and property claims satisfaction. Its policies automatically insure your personal property at replacement cost value (which typically costs extra with other insurers) and include other perks like savings on an ADT security system, PODS moving and storage and handyman services from Angi. However, USAA does not have local offices, which could be an issue for homeowners who prefer in-person service.
Why USAA may be best for military-focused coverage: USAA exclusively serves the military community and their families, a value that is reflected in its coverage offerings. Military uniforms and equipment are covered at no deductible for active-duty members. Homeowners stationed near Jefferson Barracks might want to take advantage of USAA’s military-focused coverage types. It’s also worth mentioning that, for the third year in a row, USAA is a Bankrate Awards winner for Best Home Insurance Company Overall (tie).
USAA
USAA has both the cheapest average premium on our list as well as the highest J.D. Power score, although the company is not officially ranked with J.D. Power due to its eligibility restrictions. USAA only sells insurance to current and retired military members, as well as their immediate family members. If you qualify for coverage, USAA may be a good option.
USAA’s home insurance offers military-focused coverage options, like uniform coverage, as well as more standard home insurance coverages, like dwelling coverage, loss of use coverage, personal property coverage and personal liability coverage. The company also offers a few ways to save, like bundling your auto and home insurance or installing a home security system.
Learn more: USAA Insurance review
Allstate
Allstate offers several optional coverages that could be used to round out your policy, such as yard and garden coverage, which covers trees, landscaping and riding lawn mowers. Another appealing option is the electronic data recovery endorsement, which provides coverage if you lose access to your digital files.
Allstate offers its members a long list of discounts, too. You might be able to save by paying on time or in full, signing up for automatic payments, being claims free, starting a new policy, being a new homebuyer or having a security system.
Learn more: Allstate Insurance review
Travelers
Travelers offers low average rates and a policy that can be tailored to your needs with several coverage options. You may choose to add green home coverage, which can help to repair or replace your home with more environmentally friendly materials after a loss. Water backup and sump pump discharge coverage can help pay for the damages caused by a sewer or drain line backup. Other options include special personal property, contents replacement cost and identity theft coverage.
Though Travelers has some of the cheapest premiums in the St. Louis area, it also offers several discounts, including savings for insuring more than one policy, installing protective devices and having a Leadership Energy and Environmental Design (LEED) certified green home. If you qualify, these discounts could help you save money on your policy.
Learn more: Travelers Insurance review
State Farm
State Farm is the largest insurance company in the U.S, with over 17% of the market share. Although its average premium is the highest on our list and higher than the average in St. Louis, you may still want to consider a quote. With numerous coverage options and discounts, you may be able to get a policy with State Farm that fits your needs and budget.
If you prefer to handle your policy digitally, State Farm offers an intuitive and robust mobile app. The app lets you make payments, file a claim, check on the status of a claim and make changes to your account. And if you purchase car insurance through State Farm for the bundling discount, you will also be able to request roadside assistance from the app if your car breaks down.
Learn more: State Farm Insurance review
The cheapest home insurance companies in St. Louis
Financially protecting your home does not need to break your budget. For homeowners looking for coverage on the cheap, Bankrate identified the cheapest home insurance companies in St. Louis. According to our research, USAA, Allstate and State Farm offer the most affordable rates on average for $300,000 in dwelling coverage. Keep in mind that the cheapest home insurance companies may change depending on your dwelling coverage limit. According to our research, these companies offer the cheapest rates:
| Company | Average monthly premium* | Average annual premium* |
|---|---|---|
|
$111
|
$1,328
|
|
|
$125
|
$1,495
|
|
|
$145
|
$1,740
|
|
|
$173
|
$2,076
|
| Company | Average monthly premium* | Average annual premium* |
|---|---|---|
|
$143
|
$1,720
|
|
|
$147
|
$1,763
|
|
|
$198
|
$2,381
|
|
|
$240
|
$2,875
|
| Company | Average monthly premium* | Average annual premium* |
|---|---|---|
|
$199
|
$2,385
|
|
|
$207
|
$2,480
|
|
|
$294
|
$3,526
|
|
|
$341
|
$4,088
|
How much is home insurance in St. Louis, Missouri?
Home insurance in St. Louis, Missouri costs an average of $1,950 per year for $300,000 in dwelling coverage, which is about 7 percent less than the state average of $2,099. Exactly what it costs to insure your St. Louis home will depend on other rating factors like your credit rating, the age of your home and the deductible you choose, but knowing the city average is a helpful starting point when you look for a home policy. It is worth mentioning that all insurance companies in St. Louis use their own method to determine your rate, so you will likely see your quotes vary based on the provider.
St. Louis rates by credit tier
Credit can affect your premium with multiple types of insurance, home included. Insurance actuarial data shows that homeowners with poor credit are more likely to file claims than those with good or excellent credit. To account for the added risk, insurance companies generally charge homeowners with poor credit higher premiums. Having poor credit means that you will likely pay more than the average cost of home insurance in St. Louis, but affordable coverage is still possible. Our research shows that USAA, Allstate and American Family are cheap home insurance companies in St. Louis for homeowners with poor credit.
| Company | Poor Credit | Average Credit | Good Credit | Excellent Credit |
|---|---|---|---|---|
|
$2,244
|
$1,445
|
$1,328
|
$1,231
|
|
|
$2,591
|
$1,622
|
$1,495
|
$1,287
|
|
|
$4,535
|
$2,040
|
$1,740
|
$1,263
|
|
|
$3,660
|
$2,221
|
$2,076
|
$1,790
|
|
|
$3,769
|
$2,243
|
$2,114
|
$1,781
|
St. Louis rates by home age
Home age is another risk home insurers consider when setting rates. Older homes could be built with older systems, like plumbing, that have seen more wear and tear over the years. This could put the homeowner at a higher risk of filing an insurance claim. Older homes could also have been built with materials that are more expensive and harder to source now, which could make a potential claim more expensive. With added risk comes added cost, which could make insuring an older St. Louis home more expensive. Cheap home insurance companies for older homes could be harder to come by, but our research shows that these companies may offer some savings:
| Company | 1959 | 1982 | 1992 | 2010 | 2020 |
|---|---|---|---|---|---|
|
$1,940
|
$1,967
|
$1,917
|
$1,697
|
$1,134
|
|
|
$2,149
|
$2,114
|
$2,144
|
$1,997
|
$1,163
|
|
|
$2,067
|
$2,066
|
$2,066
|
$2,005
|
$1,495
|
|
|
$2,417
|
$2,432
|
$2,432
|
$2,322
|
$1,753
|
|
|
$2,495
|
$2,450
|
$2,450
|
$2,716
|
$1,659
|
St. Louis rates by deductible amount
A home insurance deductible is the amount of money you are financially responsible for when you file a claim with your insurance provider. While the phrase “pay your deductible” gets thrown around quite a bit, it can be a little misleading. Most often, your insurance company sends you a claim check with your deductible taken out. So, it is more helpful to think of your deductible as the amount of money you would need to go without after a claim instead of the money you must pay your insurer in order to kickstart the repair process.
As you can see in the chart below, a high-deductible home insurance policy will typically yield a lower rate.
| Company | $1,500 Deductible | $2,000 Deductible | $5,000 Deductible |
|---|---|---|---|
|
$1,206
|
$1,206
|
$994
|
|
|
$1,435
|
$1,381
|
$1,138
|
|
|
$1,592
|
$1,563
|
$1,402
|
|
|
$2,056
|
$2,007
|
$1,793
|
|
|
$1,890
|
$1,743
|
$1,452
|
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze April 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:
- Coverage A, Dwelling: $300,000, $350,000, $450,000, $750,000
- Coverage B, Other Structures: $30,000
- Coverage C, Personal Property: $150,000
- Coverage D, Loss of Use: $60,000
- Coverage E, Liability: $500,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000, $1,500, $2,000 or $5,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.
These are sample rates and should be used for comparative purposes only. Your quotes will differ.
Credit: Rates were calculated based on the following insurance credit tiers assigned to our homeowners: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining home insurance rates: California, Maryland, Massachusetts.
Year built: Rates were calculated based on the following years built for homes and assigned to our homeowners: 1959, 1982, 1992, 2010, 2015 (base) and 2020.
Bankrate Scores
Our 2024 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.
Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.
- Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the NAIC, were analyzed.
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.
Natalie Todoroff is an insurance writer for Bankrate, prior to which she wrote for a popular insurance comparison shopping app. She has a Bachelor of Arts in English and has written over 800 articles about insurance throughout her career.