The average car insurance rate in Independence is $1,240 annually, 5% less than the state average. State Farm, which has an average rate of $834, is the cheapest-widely available company in the city. MoneyGeek analyzed the cheapest companies across coverage levels and different driving histories. MoneyGeek also rated companies to determine which ones balance affordability and quality.
Compare the Cheapest Car Insurance Quotes in Independence
The Cheapest and Best Car Insurance in Independence
The Cheapest Car Insurance Companies in Independence
In terms of affordability, the top car insurance companies in Independence on average for a full coverage policy are:
- USAA: $478 per year (only available to current and former military members and their families)
- State Farm: $834 per year
Affordability is a factor that many drivers consider in choosing the best car insurance. For many Independence drivers, a MetLife policy is the most expensive. Its average rate is $1,675. That is 250.4% more than USAA and 100.8% more than State Farm.
These rates are for a 40-year-old male driver with a full coverage policy that includes liability insurance as well as comprehensive and collision insurance.
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Average Cost of Car Insurance in Independence
The average cost to insure a car in Independence is $1,240 per year, which is cheaper than both the state and national averages. Independence drivers typically pay 5% less than the state annual premium average of $1,305. The city rate is also 12.9% cheaper than the national auto insurance average of $1,424.
The Best Car Insurance Companies in Independence
To help Independence drivers looking for a balance of affordability and quality service, MoneyGeek ranked the best companies in the city. Based on the study, the top insurers are:
- Auto-Owners Insurance: MoneyGeek score of 97.5 out of 100
- GEICO: MoneyGeek score of 92.5 out of 100
USAA was the highest-scorer but is only available to military members, veterans and their families. MoneyGeek calculated scores based on J.D. Power user satisfaction, affordability and financial stability.
Personalized Quotes to Get You the Cheapest Car Insurance in Independence
Insurers calculate car insurance quotes in Independence based on certain factors like age, ZIP code, car make and model and credit history. To find the most accurate policy, make sure to compare car insurance quotes regularly. Doing this will also help you see if you qualify for discounts, rebates or other savings.
Shopping around for car insurance in Independence could save you $406, which is enough to buy:
Cheapest Car Insurance in Independence by Coverage Amount
How much coverage you buy is among the main factors affecting the cost of car insurance in Independence or elsewhere. The average rate for a state minimum liability-only policy in the city is $660, while a full coverage policy costs an average of $1,240. That is a difference of $581.
Missouri Minimum Liability Requirements
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
- Uninsured Motorist$25,000 per person and $50,000 per incident. The minimum coverage may not be enough if you're in a serious accident.
The level of insurance you choose should be based on your needs. For some drivers, the best option is the cheapest car insurance. State Farm offers a state minimum liability-only policy that costs an average of $404 yearly.
For higher liability limits, consider a 50/100/50 liability-only or full coverage policy. This means you receive up to $50,000 for bodily injuries per person, up to $100,000 total per accident and $50,000 for property damage. Liability-only policies will only cover the expenses of the other driver, while full coverage policies protect you as well.
State Farm’s 50/100/50 liability-only costs $466 on average, while full coverage costs an average of $757.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Independence if You Have Driving Violations
Generally, insurers charge cheaper insurance premiums to drivers who maintain a clean record. A moving violation, such as speeding tickets, DUI or at-fault accidents, will lead to higher annual premiums.
For instance, a State Farm policy costs an average of $834 for drivers with no violations. A speeding ticket or DUI will raise that by $70 for a total of $904. A similar policy for a person with an at-fault accident on record costs an average of $973, which is a $139 increase.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Average auto insurance rates also depend on location because each ZIP code has different risk levels. There are variations in accident statistics, car theft incidents and the number of uninsured drivers.
The neighborhood with the cheapest car insurance in Independence is 64055, which has an average rate of $1,195 per year. Meanwhile, the most expensive is 64050, with an average of $1,286. That means drivers living in ZIP code 64050 pay $91 more than 64055.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Independence
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in Independence. How Independence ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Independence are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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