Springfield is among the top cities in Missouri for tornado activity, which means it's important to have protective home insurance if you live there. The average cost of homeowners insurance in Springfield is $2,475 per year or $206 a month. That's 4% cheaper than the statewide average, but much higher than the national average of $1,754.
Cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Springfield.
Compare the best cheap homeowners insurance companies in Springfield
To find the best cheap homeowners insurance in Springfield, Policygenius rated over a dozen of the largest insurance companies in Missouri across several categories, such as average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.
Company | Average monthly cost | Policygenius rating | |
|---|---|---|---|
$199 | 4.8 out of 5 | ||
$239 | 4.5 out of 5 | ||
$285 | 4.5 out of 5 | ||
$170 | 4.4 out of 5 | ||
$335 | 3.8 out of 5 |
Methodology & why you can trust our rates
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.
2023 Policygenius award winner
State Farm
4.8
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Offers earthquake insurance
Wind/hail deductible
Offers wildfire insurance
Why we chose it
State Farm is the best home insurance company in Springfield thanks to its large selection of policy options, high customer service marks, industry-best financial stability ratings, and cheap rates.
Pros and cons
Pros
Top-tier coverage add-ons, including extended replacement cost coverage
High customer satisfaction and financial strength ratings
Offers large discounts when you bundle your home and auto insurance
Cons
No discounts for first-time homebuyers
More details
Why we chose State Farm
According to our research, State Farm is the best home insurance company in Springfield. We like that State Farm lets you get extended replacement cost coverage for your home, replacement cost coverage for your personal property, water backup protection, and more.
State Farm also has high ratings from policyholders, according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. On top of that, State Farm has received the highest rating possible from A.M. Best for financial strength and stability.
State Farm has cheaper-than-average home insurance rates in Springfield. The company doesn't offer as many discounts as other insurers, but you could get a large discount if you're planning to bundle home and auto insurance with State Farm.
How do State Farm home insurance rates compare to the Springfield average?
The average cost of home insurance from State Farm in Springfield is $2,386 per year, which is 4% cheaper than the citywide average.
How to get a quote
Online through State Farm or by contacting your local State Farm agent.
2023 Policygenius award winner
American Family
4.6
Offers extended replacement cost
Offers flood insurance
Bundle home & auto
Why we chose it
American Family is one of the best home insurance companies in Springfield, especially for people who want to add coverage to a basic policy. AmFam also has high customer service ratings and several discounts.
Pros and cons
Pros
Several one-of-its-kind coverage endorsements and policy perks
High customer satisfaction and digital shopping satisfaction scores with J.D. Power
Offers nearly one dozen discounts
Cons
Requires you to work with an agent to purchase a policy
Rates are higher than average in Springfield
More details
Why we chose American Family
American Family is one of the top home insurance companies in Springfield. You can customize your American Family policy with up to 15 additional coverage options — including inland flood, equipment breakdown, and service line coverage.
One downside is that in Springfield home insurance from American Family costs $393 more than average. Although more expensive than average, AmFam's many discounts (including paying your premiums all at once, opting for paperless billing, and signing up for automatic payments) can make your premiums even cheaper.
How do American Family home insurance rates compare to the Springfield average?
The average annual cost of American Family home insurance in Springfield is $2,868 per year, which is 16% more expensive than the citywide average.
How to get a quote
Online with American Family or by contacting a local agent
2023 Policygenius award winner
Nationwide
4.5
Bundle home & auto
Mobile app
New homebuyer discount
Offers extended replacement cost
Why we chose it
Nationwide is one of the best home insurance companies in Springfield, especially for people who want highly rated customer service. Besides a top customer experience, Nationwide also offers a range of add-ons that you can use to personalize your coverage.
Pros and cons
Pros
Highly rated for claims satisfaction by J.D. Power
Receives fewer complaints than average
Multiple high-quality coverage options
Cons
Below-average digital experience ratings
Rates are higher than average in Springfield
More details
Why we chose Nationwide
Nationwide is one of the best home insurance companies in Springfield for top-rated customer service. Nationwide ranks fifth on J.D. Power's Property Claims Satisfaction Study from 2022 and receives far fewer complaints than other insurers, according to the National Association of Insurance Commissioners.
We also like Nationwide's large selection of coverage options. These include guaranteed and extended replacement cost coverages, better roof replacement, new belongings coverage, water backup protection, and equipment breakdown coverage.
Even though we found that Nationwide has higher rates than average in Springfield, you could lower your premiums with the company's discounts. These include discounts for bundling, renovating your home, buying a new home, and others.
How do Nationwide home insurance rates compare to the Springfield average?
The average cost of Nationwide home insurance in Springfield is $3,417 per year, which is 38% more expensive than the annual citywide average.
How to get a quote
Online through Policygenius or Nationwide
2023 Policygenius award winner
Allstate
4.5
Bundle home & auto
Smart home discounts
Why we chose it
Allstate is one of the best and most affordable homeowners insurance companies in Springfield. Besides affordability, Allstate also offers a few premium coverage add-ons, including a short-term rental endorsement for hosts.
Pros and cons
Pros
Rates are much cheaper than average in Springfield
Extensive list of discounts and policy features to lower your bill and out-of-pocket costs
Offers HostAdvantage — an excellent short-term rental coverage add-on that can be seamlessly added to any policy.
Cons
Beginning to pull back coverage in high-risk areas
Customer experience scores with J.D. Power are below the segment average
More details
Why we chose Allstate
Allstate made our list of the best home insurance companies in Springfield. If you're looking for affordable rates, the cost of coverage from Allstate is $438 cheaper than the citywide average.
Besides Allstate's lower-than-average premiums, its high customer satisfaction ratings and excellent coverage options make it a top choice for homeowners in Springfield.
We also like that Allstate has discounts for setting up automatic payments, bundling policies, and signing up for coverage before your current policy expires — all easy for many people to qualify for.
How do Allstate home insurance rates compare to the Springfield average?
The average cost of an Allstate home insurance policy in Springfield is $2,037 per year, which is 18% cheaper than the citywide average.
How to get a quote
Online through Policygenius or Allstate, or by contacting a local Allstate agent.
2023 Policygenius award winner
Shelter Insurance
4.3
Bundle home & auto
Mobile app
New homebuyer discount
Offers earthquake insurance
Offers flood insurance
Smart home discounts
Why we chose it
Shelter is one of the best homeowners insurance companies in Springfield. The company specializes in covering high-risk properties and offers top-rated customer service. Still, Shelter's coverage can cost much more than average.
Pros and cons
Pros
Earns a 5-star rating for its customer service and coverage options
Offers both private flood insurance and government-backed coverage through the NFIP
Mobile app makes it convenient to manage your policy, make payments, and file claims
Cons
Rates are higher than average
More details
Why we chose Shelter
Shelter is one the companies with the best homeowners insurance in Springfield. Shelter offers a range of coverages that you can add to a basic policy, including water backup protection, inflation guard for your policy's coverage, and (impressively) flood and earthquake insurance.
As far as customer service goes, Shelter receives far fewer complaints than average, according to the National Association of Insurance Commissioners. It specializes in insuring high-risk homes, but we found that Shelter's rates are much higher than Springfield's average.
How do Shelter home insurance rates compare to the Springfield average?
The average cost of home insurance from Shelter in Springfield is $4,020 per year, which is 62% more expensive than the citywide average.
How to get a quote
Online through Shelter
How much is homeowners insurance in Springfield?
On average, the cost of homeowners insurance in Springfield is $2,475 per year, or $206 a month, for an insurance policy with $300,000 in dwelling coverage. This means Springfield's average insurance rates are 4% cheaper than Missouri's statewide average, but 41% more expensive than the national average.
Springfield home insurance rates by ZIP code
To help you find out how much home insurance costs where you live, we calculated average home insurance rates by ZIP code in Springfield.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
65807 | $2,490 | -3% |
65802 | $2,517 | -2% |
65803 | $2,466 | -4% |
65804 | $2,491 | -3% |
65810 | $2,473 | -4% |
65806 | $2,506 | -3% |
65809 | $2,489 | -3% |
65897 | $2,370 | -8% |
Cheapest ZIP codes for home insurance in Springfield
We found that the cheapest average homeowners insurance in Springfield is in the 65897 ZIP code. On average, the cost of homeowners insurance here is $2,370 per year, 8% cheaper than the statewide average.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
65897 | $2,370 | -8% |
65803 | $2,466 | -4% |
65810 | $2,473 | -4% |
65809 | $2,489 | -3% |
Most expensive areas for homeowners insurance in Springfield
With an average home insurance rate of $2,517 per year, the 65802 ZIP code is the most expensive area for home insurance in Springfield. Rates here are 2% higher than the statewide average.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
65802 | $2,517 | -2% |
65806 | $2,506 | -3% |
65804 | $2,491 | -3% |
65807 | $2,490 | -3% |
Learn more >> Home insurance rates by ZIP code
Springfield home insurance costs by coverage amount
Dwelling coverage is the part of your home insurance that pays to repair or rebuild your home after a covered loss. Your dwelling coverage limit should be based on your home’s replacement value, or the cost to rebuild it from the ground up.
Springfield homes with a dwelling coverage limit of $400,000 pay an average of $3,645 each year for home insurance, while those with $100,000 in coverage pay an average of $1,363 per year.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $1,363 |
$200,000 | $2,095 |
$300,000 | $2,475 |
$400,000 | $3,049 |
$500,000 | $3,645 |
Springfield home insurance costs by deductible amount
Your policy's deductible is the amount you’re responsible for paying before home insurance reimburses you for the remainder of a loss.
Springfield residents who have a $2,000 deductible could save an average of $511 on home insurance compared to those with a $500 deductible.
Deductible | Average annual cost |
|---|---|
$500 | $2,664 |
$1,000 | $2,874 |
$2,000 | $2,153 |
Cheapest homeowners insurance companies in Springfield
We found that the five cheapest homeowners insurance companies in Springfield are Armed Forces Insurance, AAA, USAA, Allstate, and State Farm. While these companies have the lowest average rates, your own rates depend on where you live and other factors like coverage amount, deductible, your credit, home's age, and claims history.
Company | Average annual cost |
|---|---|
$1,467 | |
$1,745 | |
$1,861 | |
$2,037 | |
$2,386 | |
$2,868 | |
$3,417 | |
$4,020 |
Cheapest home insurance in Springfield if you have poor credit
A poor credit score is an indicator of risky financial behavior and more frequent insurance claims for small damages or losses. For that reason, insurers often charge higher home insurance rates to customers with bad credit.
With an average rate of $1,862 per year, Armed Forces Insurance has the cheapest home insurance rates in Springfield for a homeowner with poor credit.
Company | Average annual cost |
|---|---|
Armed Forces Insurance | $1,862 |
USAA | $2,412 |
AAA | $2,489 |
Allstate | $2,863 |
American Family | $3,746 |
State Farm | $4,093 |
Nationwide | $4,202 |
Shelter Insurance | $5,425 |
Cheapest home insurance in Springfield if you have an older home
It can be more expensive to insure older homes, as they can be more prone to structural damage than newer homes. Older homes are often made with with materials and features that would be more expensive to replace after a claim.
Armed Forces Insurance offers the cheapest home insurance rates for an older home in Springfield, with an average cost of $1,498 per year.
Company | Average annual cost |
|---|---|
Armed Forces Insurance | $1,498 |
AAA | $1,681 |
USAA | $1,866 |
Allstate | $1,997 |
State Farm | $2,390 |
American Family | $2,877 |
Nationwide | $2,989 |
Shelter Insurance | $3,199 |
Cheapest homeowners insurance in Springfield if you have a history of claims
Having a history of claims is one of the most likely reasons why your rates could be expensive. If you have multiple claims on your record, insurers will think you're more likely to file future claims than a homeowner without any past claims.
We found that Armed Forces Insurance offers the cheapest home insurance rates in Springfield for someone with three claims in a five-year period.
Company | Average annual cost |
|---|---|
Armed Forces Insurance | $1,955 |
USAA | $2,316 |
State Farm | $2,725 |
AAA | $2,884 |
Allstate | $3,298 |
American Family | $4,165 |
Shelter Insurance | $4,797 |
Nationwide | $5,100 |
Coverage options in Springfield
You should know what your home insurance policy covers — and what it doesn’t cover. It's just as important as knowing what a policy costs.
When buying homeowners insurance in Springfield, you may need additional insurance to protect yourself against tornadoes and floods.
Windstorm insurance
It's possible for homes in Springfield to be affected by high winds and even tornadoes. Although homeowners insurance usually covers wind, including tornado damage, it gets more complicated in states like Missouri, which had an average of 56 tornadoes per year from 1997 to 2022.
Some home insurance companies that cover homes in Springfield might charge a separate deductible for windstorm damage — or may exclude coverage entirely. In this case, you would need to get a separate windstorm policy or find a company that covers wind damage.
Flood insurance
Homeowners insurance policies don’t cover flood damage. If you live in a part of Springfield that's prone to flooding or flash flooding, you should consider flood insurance along with your regular home insurance.
In addition to comparing home insurance quotes, homeowners in Springfield can also compare private flood insurance rates with Policygenius, or choose a policy through a government entity like the National Flood Insurance Program.
How to get homeowners insurance quotes in Springfield
With the threat of severe weather always on the horizon, homeowners in Springfield will want to know they have the right home insurance when it matters the most. We’ve compiled a list of easy steps to follow as you search for the coverage that works best for your insurance needs.
Frequently asked questions
What is the average cost of homeowners insurance in Springfield, MO?
The average home insurance rate in Springfield is $206 a month, or $2,475 per year.
How can I lower the cost of my home insurance in Springfield?
The easiest way to lower your homeowners insurance is by comparing quotes with a Policygenius agent. Once you’ve settled on your provider, be sure to ask about possible discounts like e-billing and bundling to save up to 25% on your home and auto insurance.
Does Missouri require homeowners insurance?
You aren’t required to have homeowners insurance in Missouri unless you have a mortgage on your home.
