Best homeowners insurance in Missouri for 2022

We looked at policy cost, coverage quality, and unique policy offerings for Missouri residents to find the best homeowners insurance companies in Missouri.

Meredith Napolitano

By

Meredith Napolitano

Meredith Napolitano

Freelance contributor

As a content writer, Meredith has written most extensively about home renovation, vocational training, the automotive industry, real estate, family law, and data protection.

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Expert reviewed

This article has been reviewed by a licensed Policygenius expert to ensure that sources, statistics, and claims meet our standard for accurate and unbiased advice.

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By

Ian Bloom, CFP®, RLP®

Ian Bloom, CFP®, RLP®

Certified Financial Planner

Ian Bloom, CFP®, RLP®, is a certified financial planner and a member of the Financial Review Council at Policygenius. Previously, he was a financial advisor at MetLife and MassMutual.

Updated|8 min read

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The spring tornado season in Missouri combined with its severe storm season in the summer makes it extra important to protect your house with a solid homeowners insurance policy. Fortunately for Missouri residents, while its $2,876 average annual premium is about 34% higher than the national average, there are plenty of ways to save on home insurance in Missouri. 

Compare home insurance rates in Missouri

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But there are other factors you should consider when choosing an insurer. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Missouri.  

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UPDATE: Home insurance premiums up 12.6% in Missouri

Home insurance premiums in Missouri increased nearly 13% from May 2021 to May 2022, according to our latest analysis of internal policyholder data. This is due to a mix of rising inflation, labor shortages, and severe natural disasters that have caused insurance companies to increase rates and establish stricter underwriting rules to offset the risks.

You can find all of the details in our Policygenius Home Insurance Pricing Report

Best homeowners insurance companies in Missouri

Of the companies we looked at, USAA has the lowest average home insurance rate in Missouri. The average cost of a USAA policy with $300,000 in dwelling coverage is $1,791 — well below the state average of $2,876. Average rates for State Farm and American Family also came in below the city average. 

Besides cost, it’s important to look at customer and claim satisfaction ratings with entities like J.D. Power to see if the company can deliver when it comes time to use your coverage. Price does not matter as much if your company lets you down when it comes time to file a claim.

Policygenius analyzed thousands of quotes from the 5 largest Missouri insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Missouri residents to find the best homeowners insurance in Missouri.

Company

Average yearly cost

J.D. Power Rating

State Farm

$2,604

835

American Family

$2,443

831

Farmers

$6,284

813

USAA

$1,791

882

Shelter Insurance

$3,681

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State Farm

State Farm logo

There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.

Pros

  • Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage

  • Get up to $1 million in personal liability coverage

  • Score discounts for bundling, installing security devices, and choosing a high deductible

  • File and track claims online, over the phone, in person, or through its mobile app

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers or going a year without a claim

Why State Farm tops our best list

State Farm doesn’t always have the lowest rates, but its ratings, coverage options, and available discounts make them well worth the relatively high price. There are several ways to save on coverage with State Farm, including bundling your home and auto insurance or adding a security system to your home.

How to get a quote

Online through State Farm

American Family

American Family logo

American Family's status as the 7th largest home insurance provider in the U.S. speaks to its popularity and reputation. Our fave perk? Its diminishing deductible program that lets you earn credits for every year you go without filing a claim.

Pros

  • Unique coverage add-ons, like matching siding insurance and hidden water damage coverage

  • Save up to 20% on home insurance and 29% on auto insurance for bundling the policies together

  • Earn a $100 credit toward your deductible for ever year you go without filing a claim

  • File claims online or on its mobile app — with 24/7 claims support

Cons

  • Doesn't offer extended or guaranteed replacement cost coverage

  • Above-average customer complaints according to the NAIC

Why American Family tops our best list

American Family has unique policy perks, including its “diminishing deductible” program that trims $100 off your deductible without it impacting your premium. With the other atypical policy features and numerous ways to save on coverage, American Family is a great choice for Kansas City homeowners.

How to get a quote

Online through American Family

Farmers

Farmers logo

Farmers is one of the largest and most reputable home insurance providers in the industry, offering special discounts for teachers, nurses, first responders, and non-smokers — plus the option to rebuild your home with green materials after a claim.

Pros

  • Several discounts and unique ways to save, including claim forgiveness and declining deductibles

  • 3 flexible coverage packages with varying levels of protection for most coverage and budget needs

  • Offers extended and guaranteed replacement cost coverage options

  • File claims online, via text, on its mobile app, or by calling its claims center

Cons

  • Rates are typically more expensive

  • Below-average customer satisfaction ratings

  • No repair network to help you find a certified contractor or repair professional after filing a claim

Why Farmers tops our best list

Farmers provides several perks and incentives for policyholders who go a certain number of years without filing a claim, including its excellent claim forgiveness program. If you do need to file a claim, the process is smooth and easy, allowing homeowners to file a claim by text, through the app, online, or via the phone. 

How to get a quote

Online through Farmers

USAA

USAA logo

USAA's robust coverages and high marks for customer service and claims satisfaction make it a solid home insurance option for military members and their families.

Pros

  • Score discounts for zero claims, being a loyal USAA member, opting into e-billing, and more

  • Base policy includes coverages that cost extra with most other companies

  • Offers earthquake coverage — which is hard to come by

  • Get discounted home security systems and a discount on premiums through its partnership with ADT

  • Industry-best customer service and claims satisfaction ratings

Cons

  • Only available to military families

  • Doesn’t offer extended or guaranteed replacement cost dwelling coverage

Why USAA tops our best list

USAA is only available to military members and their families, but for those eligible, it has excellent coverage options at competitive rates, great customer service ratings, and several available discounts.

How to get a quote

Online through USAA

Shelter Insurance

Shelter Insurance logo

As a regional home insurance provider, Shelter is ideal if you're looking for a basic, budget-friendly homeowners insurance policy without all of the bells and whistles.

Pros

  • Offers less-common coverage add-ons, like docks and piers coverage, personal injury protection, and protection for at-home businesses

  • Earthquake coverage available — a rarity among insurers

  • Solid customer service ratings with third-party review sites

  • File claims online

Cons

  • Coverage options aren't as robust as other insurers

  • Discounts are rather limited

  • Lack of reputation within the industry

Why Shelter Insurance tops our best list

Shelter is a budget friendly and trusted regional insurer that is great for Missouri residents looking for home insurance with local expertise. While Shelter’s policy offerings are more limited than the competition, it provides a local, human touch and knowledge of Missouri that is missing with many larger companies. 

How to get a quote

By calling Shelter Insurance

Cheapest homeowners insurance companies by city in Missouri

Looking at average home insurance costs for the 15 most popular insurers in Missouri, we found that the cheapest home insurance companies in the state are USAA and AAA. Rates in cities such as Kansas City, St. Louis, Springfield, and Independence all have rates lower than the state’s average with AAA.  

Home insurance costs can vary greatly depending on where you live. Homes in highly populated cities or areas with a higher risk of tornadoes and severe storms will generally cost more to insure, while homes in gated communities or rural areas outside of the tornado belt may see lower rates. 

City

Company

Average yearly cost

Adrian

AAA

$2,013

Advance

AAA

$1,582

Affton

AAA

$1,323

Agency

USAA

$1,989

Alba

AAA

$1,859

Albany

USAA

$1,942

Aldrich

AAA

$919

Allendale

AAA

$2,002

Compare home insurance rates in Missouri

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Shopping for homeowners insurance in Missouri

When shopping for homeowners insurance, make sure the coverage amounts in your quotes reflect your actual coverage needs. This will allow for a more accurate coverage and rate comparison. A Policygenius expert can help guide you through the process of comparing quotes.

Missouri does have some risks that need to be considered when purchasing homeowners insurance. Tornados and other severe weather patterns are a risk in the Midwest, and insurance premiums will reflect this risk.

In this section, we break down the average annual home insurance rates in Missouri for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies in the state for individuals with a poor credit score, dog owners, and pool owners. Once you’re ready to shop, a Policygenius expert can help you navigate your coverage needs and help you find the best deal on homeowners insurance in Missouri.

Missouri home insurance costs by coverage amounts

Dwelling coverage is the section of your homeowners insurance policy that protects your home from covered losses, such as fire damage. Your dwelling coverage limit should be equal to the replacement cost of your home, or the cost to rebuild it from the ground up — not its sale price or market value. 

As the table below indicates, the more dwelling coverage you have, the higher your home insurance premiums will be. In Missouri, for every $100,000 in dwelling coverage, the insurance rates increase approximately $700 to $800.

Dwelling coverage amount

Average yearly cost

$100,000

$1,346

$200,000

$2,099

$300,000

$2,876

$400,000

$3,644

$500,000

$4,428

Liability coverage is the section of your policy that covers legal, medical, and repair bills if someone is injured or their property is damaged and you are legally responsible. This covers instances such as dog bites, pool or trampoline-related injuries, or if a visitor falls down your stairs. 

You will need enough coverage to cover the value of all of your assets in the event that the victim decides to sue for damages. When determining how much liability coverage you need, consider the value of your home, cars, potential future earnings, and anything else that holds value. 

As seen in the table below, more liability coverage doesn’t always mean higher average home insurance rates. In this case, $100,000 in liability coverage is more than $500,000 of liability coverage in Missouri. Opting for high liability coverage limits is a great value add for any policy.

Liability coverage amount

Average yearly cost

$100,000

$2,991

$200,000

$3,165

$300,000

$2,876

$400,000

$2,824

$500,000

$2,901

Missouri home insurance costs by deductible amount

Your deductible is the amount you’re responsible for paying toward a loss when you file a claim. That means if you file a claim for $5,000 and you have a $1,000 deductible, you’ll need to pay $1,000 out of pocket before your insurer will pay out the remaining $4,000 of the loss.

A higher deductible typically means lower premiums, but there is a risk in doing this. You’ll want to make sure it’s set to an amount you can afford to pay out of pocket in the event of a loss. 

As seen in the table below, Missouri residents can save over $800 on home insurance by choosing a $2,000 deductible over the $500 option.

Deductible amount

Average yearly cost

$500

$3,102

$1,000

$2,450

$2,000

$2,281

Home insurance discounts in Missouri

Protecting your home with standard safety features will allow you to see a small discount in your insurance premiums. Insurance companies incentivize homeowners to be proactive about protecting their home, including installing deadbolts, smoke alarms, and security systems. 

While you won’t get a substantial discount if your house has only one of the following features and nothing else, the discounts can add up if you have several protective devices in your home, particularly when you add a security system. Here is the average annual rate for homes in Missouri with deadbolts, smoke alarms, or burglar alarms.

Discount

Average yearly cost

Dead bolt

$2,874

Smoke alarm

$2,852

Burglar alarm

$2,756

Home insurance companies in Missouri for dog owners

Insurance companies consider certain dog breeds to be “aggressive” or “dangerous.” Dog bites result in liability claims, and statistically, these breeds are responsible for a higher percentage of them. 

With an average rate of $1,791 per year, USAA has the cheapest home insurance rates in Missouri for a home with a dangerous dog breed, while Farmers’ average yearly premium of $6,284 is the highest. 

Company

Average yearly cost

USAA

$1,791

American Family

$2,453

State Farm

$2,604

Shelter Insurance

$3,681

Farmers

$6,284

Home insurance companies in Missouri for poor credit

Many insurance companies in Kansas City will factor in your credit score when calculating your insurance premiums. Generally speaking, the higher your credit score, the lower your insurance premiums will be, and vice versa. 

USAA offers the lowest rates for homeowners with poor credit at $2,397, while Farmers average rate of $11,489 is the highest.

Company

Average yearly cost

USAA

$2,397

American Family

$3,362

State Farm

$4,468

Shelter Insurance

$4,970

Farmers

$11,489

Home insurance companies in Missouri for pool owners

Pools are considered a liability risk due to the risk of accidents in and around pools, and therefore, owning one often means higher home insurance rates.  

With an average rate of $1,791 per year, USAA has the cheapest home insurance rates for Missouri homes with a swimming pool, while Farmers’ average yearly premium of $6,284 is the most expensive. If you are a pool owner, make sure you compare policies to see who has the best rates.

Company

Average yearly cost

USAA

$1,791

American Family

$2,458

State Farm

$2,604

Shelter Insurance

$3,681

Farmers

$6,284

How to buy homeowners insurance in Missouri

Finding the right amount of coverage at the right price may feel overwhelming initially, but it’s quite manageable if you have the right guide. Since Missouri’s average annual premium of $2,876 is higher than the national average, shopping around when choosing a policy is important to getting the best price.

Here are a few steps to follow as you shop for homeowners insurance in Missouri: 

  1. Reach out to a licensed Policygenius agent. Our team of licensed insurance experts can help you figure out how much coverage you need and what company offers it at the best price. Our agents do this for free with no impact to your credit score.

  2. Ask about Missouri’s FAIR Plan coverage. The Missouri FAIR Plan is designed to be a last resort coverage option for homeowners who are not able to secure insurance on the private market. Missouri’s FAIR plan strives to provide basic coverage, and is intended to be used as a temporary solution until you qualify for coverage on the private market.

  3. Consider purchasing additional coverage. Missouri homeowners should consider purchasing additional coverage to protect against severe storms and tornadoes. 

  4. Figure out how low of a deductible you can afford. You’ll want to set this to an amount you can afford to pay in the event you need to file a claim due for loss or damage. 

  5. Compare quotes from a Policygenius agent. Once you’ve nailed down your coverage needs, limits, and deductibles, a Policygenius agent can walk you through your quotes to help you find the best policy for your coverage and budget needs.

  6. Sign the policy and pay your first premium. After you’ve chosen the policy you want, your Policygenius agent will complete all of the paperwork for you, including canceling your old policy, if you had one. The only thing left to do is sign and pay your first premium. 

Compare home insurance rates in Missouri

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Frequently asked questions

What is the average cost of homeowners insurance in Missouri?

The average cost of homeowners insurance in Missouri is $240 per month or $2,876 per year.

Why is home insurance in Missouri so expensive?

Homeowners insurance is more expensive in Missouri because of the high probability of natural disasters. Living in an area prone to tornadoes and storms increases the risk you will need to file a claim. This is why it is so important to shop around to find a policy that will fully protect your home.

Do I have to have homeowners insurance in Missouri?

While it’s not legally required to purchase homeowners insurance in Missouri, most mortgage lenders will require you to purchase home insurance before extending you a home loan.

Methodology

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Author

Freelance contributor

Meredith Napolitano

Freelance contributor

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As a content writer, Meredith has written most extensively about home renovation, vocational training, the automotive industry, real estate, family law, and data protection.

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