besthome insuranceSt. LouisThe Best Cheap Homeowners Insurance in St. Louis, Missouri for 2024: Quotes and Reviews
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besthome insuranceSt. LouisThe Cheapest and Best Homeowners Insurance in St. Louis
The Cheapest Home Insurance Companies in St. Louis
Since most home insurance companies offer the same core coverages, price is often crucial for consumers when choosing a home insurance policy.
For a policy with $250,000 in dwelling coverage, the best cheap homeowners insurance companies in St. Louis are:
- AAA: $1,655 per year
- Travelers: $1,739 per year
The most affordable home insurance firms can vary depending on the amount of coverage you purchase. For example, for an expensive residence with dwelling coverage limits of $2,000,000, the two most affordable home insurance carriers in St. Louis are:
- USAA: $7,195 per year (available only to veterans, current military members and their families)
- American Family: $11,582 per year
Your dwelling coverage limit, the coverage that will pay to replace the structure of your home, can have a significant impact on your premium. See how policy prices change when you adjust dwelling coverage in the table below.
The Cheapest Home Insurance in St. Louis, Ranked
Dwelling Coverage:
$250,000
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MoneyGeek’s sample home insurance policies have an initial baseline dwelling coverage of $250,000 and personal property limits of $100,000. Personal property limits soar to $800,000 for policies with a dwelling coverage of $2,000,000. Regardless of the dwelling coverage limits, liability coverage remains $100,000.
If you live in another city in the state, you can also compare home insurance costs in Missouri as a whole.
The Average Cost of Homeowners Insurance in St. Louis for 2022
St. Louis$2,560
Missouri$2,710
U.S.$2,103
The average home insurance cost in St. Louis is $2,560 per year or around $213 per month. This rate is $150 lower than the state average but $457 higher than the national average.
Calculate the Cost of Home Insurance in St. Louis
Among other factors, your credit score, residential location and the amount of dwelling and personal property coverage you buy influence your home insurance costs. You can use MoneyGeek’s calculator to compare home insurance quotes in Missouri and see how these factors affect your premium.
Home Insurance Calculator
State
Missouri
Dwelling Coverage
$250,000
Deductible
$500
Liability
$300,000
Personal Property
$50,000
Credit Score
Excellent
low end
on average
high end
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in St. Louis
Besides rates, many homeowners consider customer service and financial stability when selecting an insurance policy provider. Choosing a carrier with a proven track record of paying out claims quickly and fairly can bring you peace of mind during a highly stressful time.
MoneyGeek‘s research shows that the companies with the best homeowners insurance in St. Louis are:
- Best Overall: USAA (available only to veterans, current military members and their families)
- Runner-up: Travelers
MoneyGeek’s unique scoring system ranks home insurance firms on the three criteria of financial stability, user satisfaction and affordability.
1
USAA
Score:99
USAA offers discounts to homeowners who install protective security systems and remain claims-free, which can mean significant savings for keeping your home safe and secure. Active service members also don’t have to worry about the potentially high cost of replacing lost uniforms — these are covered with no deductible applied.
More About USAA
USAA is MoneyGeek’s top choice in St. Louis, as it scores maximum points for customer satisfaction and financial stability. However, the company only serves current and former military members and their families.
2
Travelers
Score:92
Travelers offers many standout coverage options that financially protect homeowners after high-cost damage, including protection from damage caused by water backup and sump pump discharge. For environment-conscious homeowners, this company also provides extra protection to cover the cost of repairing homes using green materials, so homeowners can stay true to their values without breaking their bank accounts.
More About Travelers
Travelers is the runner-up in St. Louis thanks to its impressive financial stability and affordability scores.
3
State Farm
Score:89
4
Allied
Score:87
5
Allstate
Score:85
6
AAA
Score:84
7
American Family Insurance
Score:77
8
Farmers
Score:74
Cheapest Home Insurance Companies in St. Louis for Newly Constructed Homes
Newly built homes with sturdy modern materials tend to resist damage better and are easier to replace — that’s why these homes typically cost less to insure. In St. Louis, home insurance for a newly constructed house costs $1,737 on average, compared to $2,560 for a residence built in 2000.
For newly built homes with $250,000 in dwelling coverage, the cheapest home insurance carriers in St. Louis are:
- USAA: $1,088 per year (available only to veterans, current military members and their families)
- AAA: $1,123 per year
The Cheapest Home Insurance in St. Louis for New Homes, Ranked
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Cheapest Home Insurance Companies in St. Louis if You Have a Lot of Personal Property
In addition to damage to your home, home insurance also covers personal property. The more personal property protection you purchase, the higher your yearly premium. A standard home insurance package in St. Louis with personal property limits of $250,000 costs $2,716 per year. In comparison, the price of a policy with a personal property coverage limit of $100,000 is $2,560.
For homes in St. Louis that are insured $250,000 in dwelling coverage and $250,000 in personal property coverage, the two cheapest home insurance providers are:
- AAA: $1,756 per year
- Travelers: $1,813 per year
Cheap Companies in St. Louis for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in St. Louis for High Deductibles
Your insurer will charge a deductible to process your claim. Plans with higher deductibles have lower premiums. For example, a package with a $2,000 deductible costs $2,387 annually on average, compared to $2,560 for a $1,000 deductible policy.
On average, the two providers with the cheapest home insurance in St. Louis for homeowners with a $2,000 deductible are:
- Travelers: $1,417 per year
- AAA: $1,544 per year
The Cheapest Companies in St. Louis for High Deductibles, Ranked
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Cheapest Home Insurance Companies in St. Louis if You Have Poor Credit
Consumers with a poor credit score tend to be charged higher rates because insurers believe they’re more likely to file claims. Therefore, it pays to maintain a good credit score.
In St. Louis, a person with a bad credit score pays $5,082 per year on average for their home insurance, compared to $2,560 for an individual with good credit.
For people with a low credit score, the two cheapest insurance companies in St. Louis are:
- AAA: $1,655 per year
- Travelers: $3,558 per year
The Cheapest Companies in St. Louis for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in St. Louis
You’ll need to know a lot of information about your home and personal property to get an accurate online home insurance quote, including your:
- Home replacement cost – This is the sum needed to rebuild your home using similar materials if damaged in a disaster. Your house’s replacement cost determines your dwelling coverage limits. Consider consulting a building contractor or an independent appraiser to get a precise estimate.
- Personal property value – The value of your possessions determines the best personal property coverage limits for you.
- Personal information – Provide your address, the number of people in your household, your insurance history and other information.
- Details about your house – Insurers want to know your home's size and age, security devices, and other information.
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Homeowners Insurance in St. Louis Analysis: Methodology
MoneyGeek analyzed home insurance premiums from eight companies in St. Louis using the data provided in partnership with Quadrant. The base profile of the average homeowner is someone who has a 2,500 square-foot home built in 2000, with dwelling coverage of $250,000, personal property coverage of 100,000 and liability coverage of $100,000. All policies have $1,000 deductibles.
We computed affordability using rates for a home with varying coverage levels, while customer satisfaction ratings were obtained from J.D. Power. Prices were collected from homeowners with newly constructed homes, poor credit scores, higher deductibles and increased dwelling or personal property coverage to provide accurate information for different situations.
About Mark Fitzpatrick
sources
- Insurance Information Institute. "Background On: Credit Scoring." Accessed April 27, 2021.