How Much Is Car Insurance in Missouri? (2023 Averages)
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Auto insurance premiums in Missouri are based on driver profiles and coverage levels, so the price can vary substantially from person to person. While it costs an average of $1,305 per year in Missouri for full coverage car insurance, a minimum coverage policy only costs around $684 per year. This yearly average jumps to $1,575 following a traffic infraction on your driving record and $2,428 if you add a young driver to your insurance.
Your prices will also be affected by the auto insurance provider you choose. For instance, full coverage insurance from Allstate costs as little as $893 per year in Missouri, while the same coverage from Progressive costs $1,652.
The Average Cost of Car Insurance in Missouri
MoneyGeek evaluated average car insurance costs in Missouri by the factors that highly affect premium prices.
In Missouri, the factors that have the most impact on auto insurance costs are your age and credit score.
Click to learn more about the average car insurance costs for a given driver profile.
Average Costs of Car Insurance in Missouri
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- DriverAverage Annual PremiumAverage Monthly Premium
- The Average Driver$1,305$109
- Drivers Buying Minimum Coverage$684$57
- Adding a Young Driver$2,428$202
- Drivers With a Violation$1,575$131
- Drivers With Poor Credit$2,270$189
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Why Are Car Insurance Rates Reasonable in Missouri?
Based on average car insurance rates by state, the average car insurance cost in Missouri is under the moderate bucket. That is because of low risks for natural disasters, moderate uninsured motorists rate (12th), highway density (29th) and urban share of population (32nd) and high motor vehicle theft rate (8th).
Uninsured motorists make up only 16% of drivers in Missouri. Traffic congestion and urban share of population are of average rates. However, it is among the states with the highest motor vehicle theft rate at 343.3.
Local factors specific to you will affect your rates.
Average Cost of Car Insurance in Missouri: Full Coverage vs. Minimum Coverage
The average cost of full coverage car insurance in Missouri, as defined in MoneyGeek’s methodology, is $1,305 per year, while a policy that only meets the state minimum coverage costs an average of $684 annually. That means there is an average difference of $621 between the two types of insurance policies.
Your insurance premiums will depend on how much coverage you choose to buy. Aside from liability coverage, there are other types of auto insurance policies like comprehensive and collision coverages. A full coverage policy will give you maximum coverage, but it will cost more.
Average Cost of Car Insurance in Missouri by Coverage Level
A state-minimum policy in Missouri is the cheapest auto insurance you can get.
Know that you can raise your liability coverage to 50/100/50 or 100/300/100 if you already have a state-minimum policy. These values represent your policy's liability coverage limits above the minimum required in Missouri. For instance, a 50/100/50 insurance provides:
- $50,000 in bodily injury liability insurance per person
- $100,000 in bodily injury liability insurance per accident
- $50,000 in property damage liability insurance per accident
In contrast, a full coverage policy includes both comprehensive and collision coverage. This policy covers damages caused to your car in addition to your usual liability coverage.
Average Cost of Car Insurance in Missouri By Company
The insurance provider you choose will have a significant impact on how much your car insurance in Missouri will be since companies give different quotes.
Based on average rates, USAA offers the cheapest full coverage insurance and liability-only insurance in Missouri. However, it is only available to military families.
Another affordable option for drivers looking for cheap liability-only auto insurance is State Farm. Meanwhile, Allstate is the cheapest widely available option for a full coverage policy.
MetLife is the most expensive company for a state minimum liability-only policy, while Progressive has the highest rate for full coverage insurance in Missouri.
Average Annual Costs of Car Insurance in Missouri - By Company
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- CompanyMinimum CoverageFull Coverage
- $190$485
- $569$893
- $438$906
- Allied$598$977
- $664$1,061
How Much Is Car Insurance in Missouri by Age?
Age helps determine your Missouri car insurance rates. Insurance companies tend to charge higher premiums to young drivers because they are considered risky and more likely to have accidents.
A 40-year-old buying their own policy will pay an average of $1,305 annually. Adding a 16-year-old to a policy will increase the average rate by $1,123 per year.
If you are a young driver looking for affordable car insurance, you can save money by choosing to be added to your parent’s car insurance plan.
First-time drivers in Missouri are treated the same as young drivers and will get similar insurance rates.
Average Costs of Full Coverage Car Insurance in Missouri - By Age
How Does Driving History Affect Car Insurance Costs in Missouri?
Maintaining a clean driving record will help you have more affordable car insurance rates. While having multiple violations or being involved in road accidents cause higher car insurance costs, you can still find affordable options for drivers with a bad record in Missouri.
Based on MoneyGeek’s research, drivers with a speeding ticket pay an average of $270 more per year compared to those with a clean driving record. More severe violations will lead to a higher cost difference.
Average Costs of Full Coverage Car Insurance in Missouri - By Driving History
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- Driving ViolationAnnual Premium
- Safe Driver$1,305
- Speeding Ticket$1,575
- At-Fault Accident$1,859
- DUI$1,852
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Credit Scores and the Cost of Car Insurance in Missouri
Insurance providers in Missouri also consider your credit score when calculating your car insurance quote.
Missouri drivers with a poor credit score pay $2,270 per year on average, $1,044 more than the average rate for drivers with good credit scores. Drivers with an excellent credit score pay an average of $936 annually. In comparison, that is $290 less than the average rate of $1,226 for drivers with a good credit score.
Drivers with good credit scores pay about $1,044 less than drivers with poor credit scores.
While drivers with bad credit get higher insurance rates, you can still find affordable options in Missouri by shopping around.
Average Costs of Full Coverage Car Insurance in Missouri - By Credit Score
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- Credit ScoreAnnual Premium
- Excellent$936
- Good$1,226
- Fair$1,493
- Below Fair$1,830
- Poor$2,270
How Much Is Car Insurance in Your City?
Car insurance costs in Missouri can vary greatly between states. However, rates can also differ within states based on which city you reside in.
The city with the cheapest average rate in Missouri is Columbia. Drivers in the city typically pay $1,037 per year. On the other hand, St. Louis has the most expensive average rate at $1,490.
Insurance premiums vary depending on location due to various factors. If you live in a more densely populated area with higher road accident rates or natural disaster risks, you will likely pay more for car insurance.
Average Costs of Full Coverage Car Insurance in Missouri - By City
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- CityAnnual Premium
- $1,037
- $1,240
- $1,167
- $1,159
- $1,490
Frequently Asked Questions About Missouri Car Insurance Rates
Below is a list of frequently asked questions about Missouri car insurance rates.
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