Missouri sees a fair share of tornadoes and severe storms during the spring and summer, making 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.
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.
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.
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
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
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
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
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.
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.
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.
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.
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.
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.
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.
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.
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:
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.
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.
Consider purchasing additional coverage. Missouri homeowners should consider purchasing additional coverage to protect against severe storms and tornadoes.
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.
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.
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.
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:
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
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.