If you’re looking for the best car insurance in Missouri, it’s important to compare several companies to understand the different coverages, rates, and discounts each one offers.
Although finding a low insurance rate is the desired outcome, it’s also important to ask plenty of questions aside from just, “How much is car insurance in Missouri?”
Asking relevant questions is the best way to find a policy that offers sufficient coverage for your vehicle at a rate that suits your budget.
When insurance companies determine your rates, they consider factors such as your age, gender, driving record, and the make and model of your vehicle.
An equally important consideration, though, is your geographic location.
Once you understand how insurance providers use physical locations to help set rates, you’ll be able to determine if you’re getting reasonable price quotes.
The information below is designed to help you understand how providers calculate insurance rates and how you can find the best car insurance in Missouri at the best price.
Average Cost of Car Insurance in Missouri
Understanding the average cost of car insurance for Missouri’s drivers can help you determine if the rates you’re quoted are fair.
When comparing the average cost of insurance in Missouri against its neighboring states, you can see that auto insurance rates are fairly similar throughout those states, yet when compared to the countrywide average, Missouri’s rates are considerably lower.
According to the National Association of Insurance Commissioners, the average price of insurance in Missouri rose a little less than $100 between 2011 and 2015.
|Average Cost of Car Insurance in Missouri||$872.43|
|Average Cost of Car Insurance in Kansas||$862.93|
|Average Cost of Car Insurance in Illinois||$884.56|
|Average Cost of Car Insurance in Nebraska||$831.02|
|Countrywide Average Cost of Car Insurance||$1,009.38|
Your geographic location influences several factors that go into calculating your insurance rates.
Some of these include traffic conditions, vehicle theft rates, and accident rates where you live.
Traffic Conditions in Missouri
Traffic density and accidents in your area play a significant role in determining insurance rates.
Keep in mind that the state averages listed aren’t necessarily an accurate representation of the specific area in which you live.
Traffic density and fatal accident rates are higher in places such as Kansas City and Columbia than they are in rural areas.
According to the National Association of Insurance Commissioners 2017 report of traffic density, Missouri’s traffic density is 538,970, which is quite a bit lower than the national average of 724,348.
The NAIC calculates these figures by comparing the number of miles traveled by registered vehicles in the state against the number of physical miles of highway located throughout the state. The vehicle miles traveled per each registered vehicle in the state is 12,324, only slightly above the national average of 12,010.
Fatal accidents in Missouri occur at a rate of 0.15 per 1,000 vehicles, which is higher than the countrywide average of 0.13 per 1,000 vehicles.
Based on this information, drivers in Missouri will find that car insurance rates are less expensive than the country’s average rates.
However, residents can save even more by opting to live outside major cities and closer to rural areas where there are lower traffic density and traffic rates.
Vehicle Theft Rates in Missouri
The Insurance Information Institute does not include Missouri among the states most or least prone to vehicle thefts.
In Missouri, an estimated 300.3 auto thefts occurred per 100,000 residents in 2016, according to the Federal Bureau of Investigation (FBI).
This rate is quite a bit higher than the national average of 236 auto thefts per 100,000 residents for the same year.
The National Insurance Crime Bureau’s Hot Wheels Report indicates that Ford and Chevrolet Pickups are the two most commonly stolen vehicles in Missouri.
In 2016 alone, 1,029 Ford Pickups and 815 Chevrolet Pickups were stolen throughout the state.
Other common theft targets in Missouri include Dodge Pickups, Dodge Caravans, and Chevrolet Impalas.
When you’re shopping for a vehicle, choosing one with lower theft rates is best if you want to keep insurance costs low.
Population Density in Missouri
While population density doesn’t directly affect insurance premiums, living in an area with a high population density usually means a higher number of vehicles and therefore, a higher risk for accident rates and theft.
Throughout the U.S., the average population density is 95 people per square mile.
In Missouri, the population density is 88 people per square mile, slightly below average.
This number is likely to be higher in metropolitan areas.
Disposable Income in Missouri
Average disposable income also indirectly affects the rate you pay for insurance.
In areas with higher disposable incomes, there are higher value vehicles. Expensive automobiles equate to an increased risk for insurance companies and more expensive premiums for drivers.
According to the NAIC, Missouri’s per capita disposable income per person in 2014 was $36,690, which is slightly lower than the national average of $40,859. Of course, this number may be higher or lower, depending on whether you live in a metropolitan or rural area.
Companies with the Best Car Insurance in Missouri
Shopping for car insurance is best done by obtaining quotes from at least three different companies and researching reviews, financial strength, policy offerings, and discounts for each one.
Shopping this way can help you find an insurance provider that can reliably process your claims, provide you with sufficient coverage, and offer you a rate that suits your budget.
It’s also important to shop from well-known companies with strong reputations, such as:
Progressive Car Insurance
Progressive is among the best insurance providers. With a wide range of policy options and its popular “Name Your Price Tool,” Progressive offers its customers auto insurance coverages for all needs at affordable prices.
American Family, also known as AmFam, is an independent company that offers home, life, health, and auto insurance, as well as financial and retirement planning services. It consistently receives positive reviews and customer satisfaction ratings for its speedy and reliable claims process.
QuoteWizard offers a host of insurance options from multiple carriers. Consumers who opt to purchase a policy through this marketplace can view coverage options, rates, and customer reviews for companies near their ZIP code.
Allstate’s Drivewise® app monitors the driving habits of its customers to help them qualify for safe driver discounts.
Allstate offers several other discounts that reward policyholders for things such as having vehicle safety features installed and insuring multiple vehicles under the same policy.
MetLife offers a broad spectrum of insurance and financial services including health, dental, life, home, and auto insurance. It’s well-known for its convenient claims process and friendly customer service.
Esurance is a member of the Allstate family of companies. It offers basic insurance options and provides customers with a fast and simple online claims process.
USAA is an insurance company that offers affordable home and auto insurance policies exclusively to military members and their families. The company enjoys an excellent reputation and members have access to competitive insurance rates and a host useful resources.
What are the Mandatory Requirements for Car Insurance in Missouri?
In most states, including Missouri, there are minimum auto insurance requirements.
According to the Missouri Department of Insurance, all vehicles and drivers must have liability and uninsured/underinsured motorist coverage.
The state sets the coverage limits that are required for licensed drivers in Missouri.
- $25,000 for injuries per person
- $50,000 for total injuries per accident
- $10,000 for property damage
- $25,000 for injuries per person
- $50,000 for total injuries per accident
- $10,000 for property damage
Drivers in Missouri may present proof of financial responsibility to the Department of Revenue as an alternative to carrying valid insurance.
The state requires an official document and cash, negotiable securities or a bond for the required amount.
Drivers must present either a proof of insurance or a document stating financial responsibility when registering or renewing their vehicle registration.
Drivers should always keep these documents in their vehicle.
How to Reduce the Price of Your Car Insurance
Although car insurance may seem expensive at first, there are methods to lower your insurance rate.
The easiest way to protect yourself from paying out of pocket for expensive medical and repair bills in the event of an accident is by purchasing the best car insurance in Missouri.
Here are several tips on this process:
- Increase your deductible
- Reduce your coverage on older vehicles
- Bundle all your insurance policies
- Maintain a high credit score
- Reduce your mileage
Most of the top insurance companies in the country make “reward discounts” available to their customers for behaviors such as good driving habits, good school grades for teen drivers, and remaining accident-free.
To take advantage of all available discounts, make sure you’ve got the following information on hand when setting up your policy:
- Vehicle information such as the make, model, year, VIN, usage habits, safety features, and anti-theft devices for all vehicles on your policy
- Personal information for all drivers in your household including school grade reports for any teen drivers
- Household information including your complete address, detailed information about where you’ll park your vehicle, an estimate of the assets you’d like coverage for, and your budget
What Can Increase Your Car Insurance Premiums in Missouri?
Just as there are ways to decrease the cost of your insurance, there are factors that contribute to higher rates.
Although some of these variables, such as your age, gender, and driving experience are out of your control, others can easily be avoided.
- Safety Rating and Potential to Cause Damage: The National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety both perform a wide range of safety tests on vehicles every year. Buying a vehicle that’s performed well in these tests can help reduce your insurance costs.
- Driving Record: Drivers who violate traffic laws most often end up paying higher insurance premiums. While violating some of these laws will result in fines and increased insurance rates, others may lead to more serious consequences such as license suspension or, in the worst of cases, jail time. Obeying traffic laws and resisting any temptation to speed or drive while under the influence of alcohol or other substances will help you keep your insurance rates affordable.
- Driver Age: Both teen and senior drivers are considered high-risk, which means they usually pay higher rates than average. Teen or senior drivers on your policy can complete a defensive driving course to help lower your rates.
So now you should feel comfortable enough to shop around and find the best car insurance for you in the state of Missouri.*While we make every effort to keep our site updated, please be aware that "timely" information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.