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The Best Cheap Car Insurance Companies for Missouri Drivers in 2020

If you’re like most drivers in Missouri, you’ll find affordable insurance options from five familiar Missouri car insurance companies. We’ve included a list of the top five most common options below, with estimated costs. Remember that these are only estimates- the quotes you’ll get from the companies directly are based on your personal driving and insurance data.

Company
Amount
1. American Family
In 2020 American Family ranked #1 in Missouri for the cheapest car insurance on average.
$1,088
per year
2. State Farm
In 2020 State Farm ranked #2 in Missouri for the cheapest car insurance on average.
$1,337
per year
3. Shelter
In 2020 Shelter ranked #3 in Missouri for the cheapest car insurance on average.
$1,806
per year
4. AAA
In 2020 AAA ranked #4 in Missouri for the cheapest car insurance on average.
$1,957
per year
5. Farmers Ins Co 2.0
In 2020 Farmers Ins Co 2.0 ranked #5 in Missouri for the cheapest car insurance on average.
$1,982
per year

The amount you pay is likely going to vary. Factors like your driving record, age and even your credit score can impact the cost of car insurance in Missouri. Getting multiple quotes from providers can help you find the best car insurance for you.

The Best Car Insurance Companies in Missouri for 2020

The cheapest car insurance option isn’t always the best. In addition to a great price, you want your insurance company to provide quality service. The best Missouri auto insurance companies are financially stable and have great customer service, especially during the claims process.

MoneyGeek uses an exclusive rating system to rank the best insurance providers. We research industry-standard ratings from places like JD Power and AM Best. We then consider their financial strength to pay claims, customer satisfaction ratings, claims ratings and affordability to determine the following rankings.

Expand all Rankings +

1

USAAScore: 100
+

5/5

User Satisfaction

5/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

2

Auto-Owners Insurance CoScore: 97.5
+

5/5

User Satisfaction

4/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

3

GEICOScore: 92.5
+

4/5

User Satisfaction

3/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

4

AllstateScore: 85
+

4/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

5

AAAScore: 85
+

3/5

User Satisfaction

3/5

Claims Ratings

4/5

Affordability

A+

Financial Stability

6

TravelersScore: 85
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A++

Financial Stability

7

ProgressiveScore: 85
+

3/5

User Satisfaction

3/5

Claims Ratings

4/5

Affordability

A+

Financial Stability

8

State FarmScore: 80
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A

Financial Stability

9

American FamilyScore: 77.5
+

3/5

User Satisfaction

2/5

Claims Ratings

2/5

Affordability

A+

Financial Stability

10

SafecoScore: 77.5
+

2/5

User Satisfaction

4/5

Claims Ratings

2/5

Affordability

A

Financial Stability


Market Share by Company

A quick option to see what insurance companies are most popular in Missouri is to look at market share. According to the National Association of Insurance Commissioners, State Farm holds 22.23% of the market share in Missouri, making it the largest insurance provider in the state. The following table showcases the most popular auto insurance companies in the state.

Company
Market Share
1. State Farm
22.23%
2. American Family
12.90%
3. Progressive
10.87%
4. GEICO
7.14%
5. Liberty Mutual
6.25%
6. Shelter
5.37%
7. Farmers
5.27%
8. USAA
4.29%
9. Allstate
4.24%
10. AAA
3.94%

Cheapest Car Insurance for Drivers With a DUI in Missouri

Getting a DUI can cause serious legal consequences and greatly impacts the cost of car insurance. In Missouri, it’s possible to get a DUI without driving if the driver has physical control of the vehicle. A first-time offense could land a driver in jail for up to six months while repeat offenders could see up to four years of jail time.

The following are estimates of what drivers in Missouri can expect to pay in auto insurance if they receive a DUI. Specific figures vary, so drivers are encouraged to contact the insurance companies directly for an individualized quote.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Missouri for the cheapest car insurance for dui.
$1,313
per year
2. American Family
In 2020 American Family ranked #2 in Missouri for the cheapest car insurance for dui.
$1,830
per year
3. Farmers Ins Co 2.0
In 2020 Farmers Ins Co 2.0 ranked #3 in Missouri for the cheapest car insurance for dui.
$2,505
per year
4. AAA
In 2020 AAA ranked #4 in Missouri for the cheapest car insurance for dui.
$2,821
per year
5. Shelter
In 2020 Shelter ranked #5 in Missouri for the cheapest car insurance for dui.
$3,242
per year

You’ll still be able to get cheap car insurance with a DUI in Missouri by shopping around for the best rate. Taking DUI prevention steps and maintaining a good driving record can also help you lower your rate after getting a DUI.

Cheapest Car Insurance for MO Speeding or Distracted Driving Tickets

A moving violation, like a speeding ticket or distracted driving ticket, can cause your insurance rates to rise.

Most Missouri drivers know they’re not supposed to drive while texting or eating, but distracted driving still takes place every day. According to the National Highway Traffic Safety Administration, there were 848 crashes in Missouri caused by distracted driving in 2018.

The following table features estimates regarding what drivers who receive a ticket for distracted driving or speeding can expect to pay for car insurance in Missouri.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Missouri for the cheapest car insurance for distracted drivers.
$1,410
per year
2. American Family
In 2020 American Family ranked #2 in Missouri for the cheapest car insurance for distracted drivers.
$1,859
per year
3. Farmers Ins Co 2.0
In 2020 Farmers Ins Co 2.0 ranked #3 in Missouri for the cheapest car insurance for distracted drivers.
$2,538
per year
4. AAA
In 2020 AAA ranked #4 in Missouri for the cheapest car insurance for distracted drivers.
$2,653
per year
5. Shelter
In 2020 Shelter ranked #5 in Missouri for the cheapest car insurance for distracted drivers.
$2,856
per year

The amount a moving violation affects your car insurance rates depends on your insurance provider in addition to several other factors. In Missouri, distracted driving that causes an accident could increase your insurance rates by over 50% for three years or longer.

Cheapest Car Insurance Companies in MO for Drivers With Bad Credit

Insurance companies use your credit report to give you an insurance score that helps determine how likely you are to make a claim. In general, drivers with lower credit scores file more insurance claims.

The average credit score in Missouri is 701, but drivers with lower scores could see higher insurance rates. Luckily, there are still plenty of cheap options with top-rated auto insurance companies in Missouri, even if you’re in the process of increasing your credit score. The following estimates are what drivers in Missouri can expect to pay if they have poor credit scores.

Company
Amount
1. American Family
In 2020 American Family ranked #1 in Missouri for the cheapest car insurance for poor credit history drivers.
$1,064
per year
2. State Farm
In 2020 State Farm ranked #2 in Missouri for the cheapest car insurance for poor credit history drivers.
$1,323
per year
3. Shelter
In 2020 Shelter ranked #3 in Missouri for the cheapest car insurance for poor credit history drivers.
$1,646
per year
4. AAA
In 2020 AAA ranked #4 in Missouri for the cheapest car insurance for poor credit history drivers.
$1,929
per year
5. Farmers Ins Co 2.0
In 2020 Farmers Ins Co 2.0 ranked #5 in Missouri for the cheapest car insurance for poor credit history drivers.
$1,983
per year

There’s no way to tell how your credit score will affect your insurance rates. Each insurance carrier uses a different scoring system to determine your risk level. Your best bet is to ask for quotes from multiple companies so you can weigh your options for the best price.

Cheapest Car Insurance Companies in Missouri for Seniors

As you age, it can become harder to see and your reaction time could potentially slow down. This change can reduce your ability to drive safely. In 2017, 13.3% of fatal crashes in Missouri involved a driver over the age of 65.

To help prevent devastating crashes, Missouri requires drivers 70 and older to take a road sign recognition test and a vision test every three years. Maintaining regular driving tests could also help you find cheap car insurance for seniors in Missouri. The following estimates are what seniors can expect to pay for their auto insurance in Missouri.

Company
Amount
1. American Family
In 2020 American Family ranked #1 in Missouri for the cheapest car insurance for seniors.
$1,146
per year
2. State Farm
In 2020 State Farm ranked #2 in Missouri for the cheapest car insurance for seniors.
$1,366
per year
3. Shelter
In 2020 Shelter ranked #3 in Missouri for the cheapest car insurance for seniors.
$1,513
per year
4. AAA
In 2020 AAA ranked #4 in Missouri for the cheapest car insurance for seniors.
$1,961
per year
5. Farmers Ins Co 2.0
In 2020 Farmers Ins Co 2.0 ranked #5 in Missouri for the cheapest car insurance for seniors.
$2,186
per year

Car insurance rates for seniors in Missouri tend to be higher because many seniors have slower reflexes and less reliable eyesight. Shopping around with different companies and following safe driving practices is the best way to help you maintain your driving independence and cheap insurance.

Cheapest Car Insurance for Students

Missouri Car Insurance: How Much a Teen Driver Will Cost You

Median annual price change for families with a teen driver on their policy:

$1,767 INCREASE

This is a difference of 107%.

Most young drivers in Missouri are added to their parents’ existing auto insurance policy. Adding your child to your policy often helps save money, as finding cheap car insurance for young drivers in Missouri can be difficult.

Missouri uses a graduated driver’s license system to help keep students safe behind the wheel. This system limits the type of driving and passengers for students who are inexperienced drivers. By college, most Missouri students are ready to apply for a full driver’s license.

Car insurance rates for young drivers are often more expensive than older drivers. Inexperienced drivers hitting the road in morning traffic for school or heading across Missouri for college can lead to an increased chance of an accident. The number of crashes involving young drivers in Missouri was over 29,000 in 2018, according to a report from the Missouri State Highway Patrol.

Company
Amount
1. American Family
In 2020 American Family ranked #1 in Missouri for the cheapest car insurance for students.
$2,770
per year
2. State Farm
In 2020 State Farm ranked #2 in Missouri for the cheapest car insurance for students.
$3,462
per year
3. Shelter
In 2020 Shelter ranked #3 in Missouri for the cheapest car insurance for students.
$4,032
per year
4. AAA
In 2020 AAA ranked #4 in Missouri for the cheapest car insurance for students.
$4,143
per year
5. Farmers Ins Co 2.0
In 2020 Farmers Ins Co 2.0 ranked #5 in Missouri for the cheapest car insurance for students.
$4,417
per year


Premium Comparison by Student Type

PREMIUM COMPARISON FOR TWO ADULTS + A 16-YEAR-OLD

car
Average premium for two 2014

Mustang GTs

$4,371
car
Average premium for two 2008

Town and Country Limiteds

$3,205
Annual benefits of minivans:$1,166 saved

This is 27% less expensive.

Cheaper premium for college vs. high school drivers

Median premium change with a college student vs. high school driver:

$850 DECREASE

This is a savings of 24%.

Potential discounts for teens in Missouri

Impact on annual premium with good student and defensive driving discounts:

coins
$388 SAVED

Missouri students: a long-distance discount

You may pay a smaller annual family premium if your child lives 150 miles or more away from home.

male
Average premium for a 19-year-old male
car

$3,043 at home

graduation

$2,634 at school

$409 IN SAVINGS

female
Average premium for a 19-year-old female
car

2,589 at home

graduation

$2,344 at school

$245 IN SAVINGS

Insurance Rate Information for Military Drivers and Veterans

Missouri has more than 15,000 active-duty military personnel and more than 475,000 veterans. Most major insurance companies, and those that cater exclusively to military families, offer discounts to these groups. Discounts are usually automatic for qualifying individuals.

Insurance companies will still look at factors like credit and driving history when setting a rate, so be sure to get quotes from multiple companies. The Missouri Department of Insurance also offers tips on lowering your insurance rates beyond a military discount. The following estimates reflect what active-duty personnel and veterans can expect to pay for auto insurance in Missouri.

Age savings for Missouri service members

male
25 years$1,246
50 years$1,014
female
25 years$1,228
50 years$1,016

$232 Saved
$212 Saved

Median auto insurance for service members: $1,077

Who Needs Car Insurance in Missouri?

To drive in Missouri, you have to register your vehicle with the Missouri Department of Revenue and carry auto insurance. Missouri also requires vehicles to pass a safety inspection, except for vehicles under a certain age and mileage.

Proof of Insurance in Missouri

You must carry proof of car insurance when driving in Missouri. This can be a traditional insurance card or digital proof-of-insurance on a smartphone or mobile device. Insurance cards should include the driver's name, insurance policy number and vehicle(s) covered. According to the Missouri Department of Revenue, state residents are also required to show proof of insurance in the following situations:

  • When registering or renewing a registration
  • When asked by a law enforcement official
  • When applying for or renewing a driver's license

Minimum Liability Insurance Requirements in Missouri

Missouri state law mandates that all vehicle owners and drivers have auto liability insurance coverage. The Missouri minimum auto insurance requirements are 25/50/25 coverage:

  • $25,000 for each injured person per accident
  • $50,000 per accident for bodily injury to two or more people
  • $25,000 per accident for property damage

In addition to liability insurance, drivers in Missouri must also hold uninsured motorist coverage, with the minimum requirements as follows:

  • $25,000 for bodily injury per person
  • $50,000 for bodily injury per accident

High-Risk Auto Insurance Program in Missouri

Alternatives to Insurance in Missouri

You can drive without car insurance in Missouri if you qualify for three pricey alternatives: a surety bond, a real estate bond and a cash/securities deposit. After filing the proper financial bonds or securities, you will receive a certificate to submit to the Department of Revenue in lieu of an auto liability insurance policy. Here are the details behind each option:

Surety Bond

You may submit a $75,000 surety bond and Power-of-Attorney form to the Missouri Department of Revenue.

Real Estate Bond

You must file a Justification of Sureties form to the Circuit Court Judge in the county or city where the property is located. The form must show two or more property owners holding real estate with at least $150,000 in equity value.

Cash or Securities Deposit

You may deposit cash or negotiable securities to meet proof of financial responsibility if you file one of the following with the State Treasurer's office: a cash deposit of at least $75,000, a Certificate of Deposit worth $75,000, stock or bonds certificates valued at $75,000 or other approved negotiable securities.

Whether you choose an insurance policy or a proof of financial responsibility, you must keep the policy in every vehicle you own or operate in the state.

Car Insurance Requirements in Missouri: How Much Coverage Do You Need?

What percentage of drivers in Missouri lack vehicle insurance?

13.5%

National average: 12.6%

Source:

Insurance Information Institute.

Motorists in Missouri are required to maintain a minimum level of liability insurance. Yet, the minimum required amount may not be enough to cover the cost of an accident, especially if the other driver is uninsured.

Ideally, insurance consumer groups note, drivers should carry 10 or more times than the minimum required liability coverage. Adding collision or comprehensive coverage could be a good idea if your car is new or valuable.

Get everything you need to know about car insurance coverage types and discounts with the MoneyGeek guide to car insurance.


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Sources