If you’re looking for cheap car insurance in Missouri, it pays to really look. Insurance costs can rise and fall from one company to the next for seemingly no reason, so you could be overspending by settling for the initial quote you find.
To help Missouri drivers nab the best deal, NerdWallet researched rates from the 10 largest insurers in the state and found the three cheapest options for the following groups:
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Cheapest for good drivers
For drivers with no at-fault accidents, DUIs or moving violations.
For Missouri drivers with clean records, American Family fetched the best deal among the insurers we sampled. The company returned an average quote of $990 per year, which comes to roughly $83 a month. Farm Bureau Insurance and AAA rounded out the list for the cheapest car insurance in Missouri for good drivers.
If you have no violations or crashes on your record, look into discounts companies offer that reward your responsible driving. These sorts of perks could determine which insurer is ultimately cheapest for you.
Cheapest for young drivers
For drivers in their early 20s.
Young drivers usually don’t have as much to lose in a crash-related lawsuit as older motorists and can therefore select leaner and cheaper policies.
We gathered quotes for drivers in their early 20s carrying the minimum state-mandated coverage limits. Farm Bureau Insurance notched the lowest average price at $518 per year. For comparison, this was $472 less than the best deal we found for 30-year-old good drivers, who had fuller policies. American Family was next cheapest for young drivers, about $4 a month more expensive than Farm Bureau.
Cheapest for drivers with one at-fault crash
Causing a crash will typically trigger a spike in your rates when you renew your policy, making this a good time to consider shopping around. Some companies impose stiffer penalties than others, so comparing several rates could mean significant savings.
For example, Farm Bureau Insurance had the lowest price for this group at $1,121 per year — just a $92 increase compared to its quote for good drivers with no accidents. American Family, on the other hand, increased its average rate by $685 for drivers who cause a collision.
Cheapest for drivers with poor credit
For drivers placed in the “Poor Credit” tier.
Missouri drivers with poor credit will likely face higher car insurance rates than most other groups. Based on our findings, insurers in the Show Me State may actually levy harsher penalties for having credit issues than for causing a crash.
Because prices vary quite a bit between companies, there’s still plenty of incentive to shop around if your credit isn’t good. There was more than a $2,100 gap separating the cheapest and highest quotes we found, proving just how much you stand to save by comparing several estimates.
Cheapest for retired drivers
For drivers in their mid- to late 60s who no longer use their car for commuting.
For retirees, giving up the daily commute is a major plus when it comes to finding cheap car insurance in Missouri.
We collected rates for drivers in their 60s who spend half as much time in the car each year as other groups. All three of the cheapest insurers returned rates that were lower than the best deal available for drivers half that age who drive to work. Nevertheless, you could run into some high quotes while shopping — for instance, the most expensive estimate we found was $1,700 per year — so you’ll benefit from comparing costs among several companies.
Minimum car insurance requirements in Missouri
Missouri law requires residents to carry liability insurance and uninsured motorist bodily injury coverage in the following amounts:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per crash
- $10,000 property damage liability per crash
- $25,000 uninsured motorist bodily injury coverage per person
- $50,000 uninsured motorist bodily injury coverage per accident
While these limits will satisfy legal requirements, it’s wise for most drivers to get more than the bare essentials. The minimum car insurance might not be enough to fully cover accident costs, and the remaining balance would have to come out of your own pocket.
Visit NerdWallet’s guide to car insurance requirements by state for more detail on how your coverages work.
Alternative car insurance in Missouri
High-risk drivers who are denied car insurance on the open market can apply for coverage through the Missouri Automobile Insurance Plan.
And for more help searching for cheap car insurance in Missouri, try out NerdWallet’s car insurance comparison tool to easily peruse estimates from around the state.
Here’s a summary of where you’ll find the cheapest rates, by category:
Cheapest car insurance in Missouri
|Good drivers||American Family|
|Young drivers||Farm Bureau|
|Drivers with one at-fault crash||Farm Bureau|
|Drivers with poor credit||American Family|
|Retired drivers||American Family|
Alex Glenn is a staff writer for NerdWallet, a consumer finance website. Email: email@example.com.
Updated March 2, 2017.
For most categories, NerdWallet averaged rates from the largest insurers for 30-year-old men and women in 10 ZIP codes and with the following coverage limits:
- $100,000 bodily injury liability coverage per person
- $300,000 bodily injury liability coverage per crash
- $50,000 property damage liability coverage per crash
- $100,000 uninsured motorist bodily injury coverage per person
- $300,000 uninsured motorist bodily injury coverage per crash
- Collision coverage with $1,000 deductible
- Comprehensive coverage with $1,000 deductible
We used a 2013 Toyota Camry in all cases. Our sample retired driver was age 67 and drove 50% fewer annual miles than other groups. Our sample young driver was age 22 and carried the minimum required coverage. These are sample rates generated through Quadrant Information Services. Your own rates will be different.