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Best cheap homeowners insurance in St. Louis

Updated Apr 23, 2024
USAA, Nationwide, Allstate, American Family and Travelers are some of the best home insurance options for St. Louis homeowners.
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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. 

Best for military-focused coverage

Bankrate Score

Rating: 4.7 stars out of 5
4.7

Avg. annual premium

$1,328

$300K dwelling coverage

JD Power

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). 

Scores and Ratings
Bankrate Score 4.7
J.D. Power 881/1,000
AM Best score A++
Read full review
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Best for digital tools

Bankrate Score

Rating: 4.3 stars out of 5
4.3

Avg. annual premium

--

$300K dwelling coverage

Not available

JD Power

812/1,000

Why Nationwide made our list: Nationwide also made an appearance in the 2024 Bankrate Awards, taking home the crown for Best Budget Home Insurance Company in part due to its wide range of discounts. Homeowners could score a lower premium for living in a gated community, having a newer roof and installing smart home technology. Additionally, it scored above average in the 2024 J.D. Power U.S. Property Claims Satisfaction Study, implying that customers are generally pleased with its claims payout system. 

Why Nationwide may be the best for digital tools: Nationwide home insurance policyholders can manage everything, from paying their premiums to tracking claims, through Nationwide’s online portal. It also offers a mobile app, which earned a 4.7-star rating in the Apple App Store and a 4.4 from Google Play. Nationwide earned an above-average rating for service in the 2023 J.D. Power U.S. Insurance Digital Experience Study, as well.

Scores and Ratings
Bankrate Score 4.3
J.D. Power 812/1,000
AM Best score A+
Read full review
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Best for managing multiple policies

Bankrate Score

Rating: 4.2 stars out of 5
4.2

Avg. annual premium

$1,495

$300K dwelling coverage

JD Power

809/1,000

Why Allstate made our list: Allstate was the only insurer to win two Bankrate Awards this year: Best Home Insurance Company Overall (in a tie) and Best for Bundling Home and Auto. Customer service — not just claims filings — is available 24/7 with Allstate, which could be a draw for some homeowners. Policies are also highly customizable; homeowners can insure high-value property, their yards and gardens, musical instruments, sports equipment and business property (the latter could appeal to those who work from home). 


Why Allstate may be the best for managing multiple policies: Having one go-to company for all your insurance needs is an appealing option for many homeowners. Allstate offers home, auto, life, umbrella, pet, valuables and even cell phone protection plans. Home and vehicle owners may be particularly drawn to Allstate, as it advertises a generous bundling discount of up to 25 percent. Policies can be handled online or at one of Allstate’s St. Louis offices

Scores and Ratings
Bankrate Score 4.2
J.D. Power 809/1,000
AM Best score A+
Read full review
Plus Collapse
Best for customer service

Bankrate Score

Rating: 4.2 stars out of 5
4.2

Avg. annual premium

$1,753

$300K dwelling coverage

JD Power

813/1,000

Why American Family made our list: American Family, or AmFam, is a regional insurer that offers home insurance in 19 states, Missouri among them. It could be a good option for homeowners looking for harder-to-find policy options like financial protection for hidden water damage, matching undamaged siding coverage and inland flood coverage. On top of its policy options, AmFam advertises numerous ways to save with discounts. 


Why American Family may be best for customer service: American Family customer service is available 24/7 for round-the-clock support. It scored above average in the 2024 J.D. Power U.S. Property Claims Satisfaction Study but came in 6 points below average in the U.S. Home Insurance Study. American Family’s digital tools ranked first in the shopping category of the J.D. Power U.S. Insurance Digital Experience Study, and its NAIC Complaint Index for home insurance is well below average. There are AmFam agent offices spread throughout St. Louis for homeowners who prefer in-person service, as well. 

Scores and Ratings
Bankrate Score 4.2
J.D. Power 813/1,000
AM Best score A
Read full review
Plus Collapse
Best for local agents

Bankrate Score

Rating: 4.1 stars out of 5
4.1

Avg. annual premium

--

$300K dwelling coverage

Not available

JD Power

790/1,000

Why Travelers made our list: Travelers could be a great option for St. Louis homeowners with eco-friendly homes, as the insurer offers additional coverage and a discount for homes built with green materials. Its policies are customizable, giving homeowners multiple add-ons for their personal property and other coverage types. Importantly, it offers private flood insurance through Neptune Flood, a private insurer that offers higher limits than the National Flood Insurance Program (which is capped at $250,000 in dwelling coverage and $100,000 for personal property). 


Why Travelers may be best for local agents: There are over 70 Travelers insurance agent offices in St. Louis, making it an excellent option for homeowners across St. Louis looking for a dedicated insurance agent. Local agents can not only walk you through your policy specifics in person, but they also may offer deeper insight into local insurance needs unique to your community. 

Scores and Ratings
Bankrate Score 4.1
J.D. Power 790/1,000
AM Best score A++
Read full review
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Bankrate's trusted insurance industry expertise

Read our full methodology

46

years of industry experience

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

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: 

Caret Down
Company Average monthly premium* Average annual premium*
$111
$1,328
$125
$1,495
$145
$1,740
$146
$1,753
Company Average monthly premium* Average annual premium*
$122
$1,328
$133
$1,495
$161
$1,740
$160
$1,753
Company Average monthly premium* Average annual premium*
$143
$1,720
$147
$1,763
$186
$2,227
$198
$2,381
Company Average monthly premium* Average annual premium*
$199
$2,385
$207
$2,480
$250
$2,999
$294
$3,526

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Advertising disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

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.

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How much is home insurance in St. Louis?

Home insurance in St. Louis, Missouri costs an average of $1,882 per year for $300,000 in dwelling coverage, which is about 9 percent less than the state average of $2,065. 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
$3,002
$1,905
$1,753
$1,455
$4,252
$3,267
$3,158
$2,983

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
$2,066
$2,066
$2,066
$2,005
$1,495
$2,234
$2,263
$2,263
$2,044
$1,483
$3,494
$3,795
$4,026
$3,899
$2,592

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
$1,559
$1,402
$1,739
$1,725
$1,663
$2,913
$2,633
$2,320

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze June 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.
Written by
Natalie Todoroff
Writer, Insurance
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.
Edited by Editor, Insurance