1. Home
  2. The Best Cheap Homeowners Insurance in Missouri
Featured Expert
Phil Hearn
Phil HearnStrategic Business Consultant at Real Estate Bees

The 5 Best Homeowners Insurance Companies in Missouri

If you are looking for the best home insurance in Missouri, you need to consider factors like the cost of your premiums, coverage options, quality of the customer service and ability of the company to pay claims.

MoneyGeek has ranked the top five home insurance companies to help you choose the best home insurance in Missouri. The comparison analyzes factors like policy costs, J.D. Power customer satisfaction ratings and the ability to pay claims based on AM Best’s financial stability scores.


1

USAAScore: 100

5/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability


USAA offers prices that are generally affordable and has good standards of customer service. Customers have the option of bundling multiple insurance policies for large discounts and opt for identity theft coverage with their insurance. You can report or view claims using USAA’s mobile app.

2

TravelersScore: 93

5/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability


A Travelers policy in Missouri can cover dwellings, liability protection, personal property and medical coverage for guests. For certified green homes, you may also have coverage for the cost of repairing, replacing and rebuilding using green materials. You can file claims and pay bills online using their website or mobile app. There is also a comprehensive online quoting system.

Read MoneyGeek's Travelers Home Insurance Review

3

State FarmScore: 91

4.7/5

Affordability

4.1/5

User Satisfaction

5/5

Financial Stability


State Farm policies can cover dwellings, personal liability, personal property and medical payments for guests, with the option to include coverage for energy efficiency upgrades and safety upgrades. You can get online quotes and make claims using either the website or the mobile app.

Read MoneyGeek's State Farm Home Insurance Review

4

AllstateScore: 86

4.3/5

Affordability

4.2/5

User Satisfaction

4.5/5

Financial Stability


Allstate has a large network of local agents in Missouri to help provide personalized service. You can opt for a standard or extended coverage, such as personal property and liability protection. There are discounts for multiple policies and safe homes. You can file claims, pay bills online and make use of a handy claim tool.

Read MoneyGeek's Allstate Home Insurance Review

5

AAAScore: 84

5/5

Affordability

3/5

User Satisfaction

4/5

Financial Stability


AAA is known for having a large car insurance network and provides home insurance coverage to AAA Auto Club members. The rates are generally affordable, while the coverage options are basic and limited. Coverage can include dwellings, personal property and liability protection with discounts for claim-free customers, retirees and home renovations. Since you are most likely to bundle this with an existing AAA auto insurance policy, you can expect significant discounts.

What Is the Average Cost of Homeowners Insurance in Missouri?

$0
$0

home insurance is 0.0% more than the average.

For a dwelling coverage baseline amount of $250,000, the average cost of home insurance in Missouri is $2,710 per year. Compared with the national average of $2,103 per year, this turns out to be 28.8%, or $607, more expensive, on average. For individual customers, companies use different metrics and factors to determine risk and premium rates. Home values, crime rates and weather conditions can be important considerations.

Home Insurance Calculator: Estimate the Cost of Homeowners Insurance in Missouri

Your current situation and the characteristic properties of your area can impact your home insurance costs in Missouri. Insurance companies can consider factors like the value of your home and its age, your credit score and frequency of past claims as important metrics to determine your costs.

moneygeek-logo

Home Insurance Calculator

State

Missouri

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$150,000

Credit Score

Excellent
moneygeek-logo

low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

The Cheapest Homeowners Insurance Quotes in Missouri

If you are trying to find cheap homeowners insurance in Missouri, a policy from AAA might be the most affordable. Homeowners with an AAA policy could pay an average annual premium of $1,944 in Missouri for a baseline dwelling coverage amount of $250,000. This average cost is about 28.2% less than the state average, coming to an average of $765 less annually. Dwelling coverage is typically repairing or rebuilding costs within your policy if your home sustains damages from specific circumstances, like hurricanes, floods or theft. Compare homeowners insurance quotes for the best deal and coverage level.

Cheapest Homeowners Insurance by Dwelling Coverage

Dwelling Coverage:

$250,000
Company
Amountper year
1. AAA
In 2020, AAA ranked #1 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Missouri.
$1,944
2. Travelers
In 2020, Travelers ranked #2 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Missouri.
$1,980
3. USAA
In 2020, USAA ranked #3 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Missouri.
$1,985
4. State Farm
In 2020, State Farm ranked #4 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Missouri.
$2,338
5. Allied
In 2020, Allied ranked #5 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Missouri.
$2,538

Best Cheap Homeowners Insurance Companies for Expensive Homes

Owning an expensive home doesn’t limit you in terms of finding the best and affordable insurance policy. In Missouri, the most affordable option for a $2 million home is a policy from USAA, with an average premium of $8,343 per year. The second-most affordable is American Family, with an average annual premium of $12,266. Policies from other providers can reach $40,000, on average, in some cases.

Cheapest Homeowners Insurance Companies for High-Value Homes
Company
Amountper year
1. USAA
In 2020, USAA ranked #1 in Missouri for the cheapest homeowners insurance for high-value homes.
$8,343
2. American Family
In 2020, American Family ranked #2 in Missouri for the cheapest homeowners insurance for high-value homes.
$12,266
3. Allstate
In 2020, Allstate ranked #3 in Missouri for the cheapest homeowners insurance for high-value homes.
$12,484
4. State Farm
In 2020, State Farm ranked #4 in Missouri for the cheapest homeowners insurance for high-value homes.
$13,763
5. Travelers
In 2020, Travelers ranked #5 in Missouri for the cheapest homeowners insurance for high-value homes.
$14,339

Best Homeowners Insurance Companies if You Have a Pool

Having a pool at your home in Missouri can increase its value and improve your home life. However, it also usually means extra coverage and costlier premiums. For an average dwelling cost of $250,000, insurance rates for homes with pools can vary significantly across providers. The most affordable option in Missouri is USAA, with an average annual cost of $1,918. The second-most affordable is Travelers, with an average cost of $1,949 per year.

Cheapest Homeowners Insurance for Pool Home
Company
Amountper year
1. USAA
In 2020, USAA ranked #1 in Missouri for the cheapest homeowners insurance for homes with a pool.
$1,918
2. Travelers
In 2020, Travelers ranked #2 in Missouri for the cheapest homeowners insurance for homes with a pool.
$1,949
3. State Farm
In 2020, State Farm ranked #3 in Missouri for the cheapest homeowners insurance for homes with a pool.
$2,263
4. Allied
In 2020, Allied ranked #4 in Missouri for the cheapest homeowners insurance for homes with a pool.
$2,515
5. Allstate
In 2020, Allstate ranked #5 in Missouri for the cheapest homeowners insurance for homes with a pool.
$2,871

Cheapest Home Insurance in Missouri if You Have Poor Credit

Your credit score can be an important factor when insurance companies assess your risk profile and premium costs. A higher credit score can mean lower premiums, while a poor credit score can make premiums more expensive. For Missouri homeowners with poor credit, AAA provides the most affordable home insurance, with an average annual rate of $1,944 for a baseline dwelling coverage amount of $250,000.

Cheapest Homeowners Insurance for Poor Credit
Company
Amountper year
1. AAA
In 2020, AAA ranked #1 for the cheapest homeowners insurance for owners with poor credit in Missouri.
$1,944
2. Allied
In 2020, Allied ranked #2 for the cheapest homeowners insurance for owners with poor credit in Missouri.
$3,816
3. Travelers
In 2020, Travelers ranked #3 for the cheapest homeowners insurance for owners with poor credit in Missouri.
$3,965
4. USAA
In 2020, USAA ranked #4 for the cheapest homeowners insurance for owners with poor credit in Missouri.
$5,182
5. State Farm
In 2020, State Farm ranked #5 for the cheapest homeowners insurance for owners with poor credit in Missouri.
$5,262

How to Get Homeowners Insurance Quotes in Missouri

For an insurance company to provide you with a policy, you would have to disclose details like your name, address, phone number and Social Security number. You would also have to share the value of your home and possessions, any home security measures you have implemented and the details of additions like pools and solar installations. With these details, your provider would be able to come up with a personalized quote for you.

Auto Insurance Rates

Compare Home Insurance Rates

Ensure you're getting the best rate for your home insurance. Compare quotes from the top insurance companies.

Other Considerations for Homeowners Insurance in Missouri

A number of other factors can also be quite important when determining your home insurance costs in Missouri. Home values, weather patterns and crime rates can be important metrics. For example, a 2018 FBI study ranks Missouri 15th in the country in terms of property crime rate per 100,000 — with 30,758 violent crimes and 162,173 property crimes. In terms of home value, the state ranks 41st, with a typical average cost of $162,464 per home.

It is a good idea to remain prepared for emergencies, especially those caused by natural calamities and hazardous weather. Including coverage for natural calamities like floods and hurricanes in your home insurance policy can help mitigate your financial burden if your home falls prey to a disaster.


Do You Need Hail Insurance in Missouri?This is an icon

Hail events are common in Missouri. The state has been on the list of top five states with major hail events in the country in 2014 and 2017. Therefore, it can be a good idea to include coverage for hail damage in your homeowners insurance in Missouri.

Do You Need Flood Insurance in Missouri?This is an icon

A number of homes in Missouri are vulnerable to flood damage. About 8.8% of all properties — or 280,200 properties — can be at risk of flood damage. Some providers in the state might not provide flood coverage. In such cases, you can look into a National Flood Insurance Program (NFIP), run by the government, if your community participates. You might also need to purchase an incremental private policy for a larger average amount.

Expert Advice on Home Insurance in Missouri

  1. What advice would you give for first-time buyers looking for homeowners insurance in your state?

    Find an experienced insurance agent in your area. Seasoned agents can help you identify the risks and gaps in coverage that you will never consider on your own. I would do a walkthrough of the property, inside and out, and take notes of everything you see which can get damaged in some way. Then, discuss this list with your insurance agent and confirm that your insurance policy covers everything of value.

    One example that I see left out or undervalued the most on a policy is coverage for other structures. Make sure you calculate the value of your detached garage, outdoor shed, fencing and other structures to see if you need additional coverage.

  2. How do regulations and laws in your state impact the amount or type of coverage a homeowner should buy?

    The state of Missouri doesn’t require homeowners insurance. However, due to extreme weather conditions experienced throughout the state, I highly recommend everyone to have at least a minimal policy.

  3. Are there any environmental factors homeowners should consider when selecting a home insurance plan in your state?

    If your home is anywhere near “tornado alley,” make sure you don’t skimp on your homeowners insurance policy. With hail storms coming through every year, I highly recommend that everyone review their policy for a roof replacement endorsement.


Phil Hearn
Phil HearnStrategic Business Consultant at Real Estate Bees

Methodology

MoneyGeek analyzed homeowners insurance premiums from 16 of the top insurance companies in Missouri that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Missouri. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.

Sources