The Best Homeowners Insurance Companies in Missouri (2022)
The best home insurance companies in Missouri aren’t just the most affordable. They also provide strong customer service, are financially stable and offer good claims experience. MoneyGeek found that State Farm ranks as the best overall home insurance provider. However, as you evaluate your circumstances and home insurance needs, you might find that there is a better fit for you.
While State Farm is the best homeowners insurance company in Missouri overall, the top option for you may be different depending on your specific needs. For example, American Family ranks first in terms of customer satisfaction, while AAA takes first for affordability.
Our scoring system of the best home insurance companies in Missouri takes into account the needs of various homeowners. We analyzed the coverages and discounts available to give you the most options.
MoneyGeek also analyzed the cheapest homeowners insurance providers in Missouri for those more concerned with saving on their monthly bill.
The Best Homeowners Insurance in Missouri
The Best Overall Homeowners Insurance Companies in Missouri
To find the best home insurance companies in Missouri, MoneyGeek rated several providers based on financial stability, user satisfaction, claims standing and affordability. The top two insurers are:
- State Farm: MoneyGeek score of 86 out of 100
- AAA: MoneyGeek score of 85 out of 100
Although its MoneyGeek score is 100 out of 100, USAA was excluded from this analysis because it is only available to members of the military and their families. For active-duty military or veterans, however, USAA is the best home insurance provider in Missouri.
Below MoneyGeek provides reasons for the outstanding rankings given to State Farm and AAA. We also review some of the coverages and discounts they offer.
The Top Home Insurance Companies in Missouri
State Farm ranks first for financial stability, second for user satisfaction and third for affordability. It provides home systems protection, which coverage is not commonly available. The average cost of a State Farm policy is $2,338 per year.
The company offers unique coverages which you can add to your policy for a fee, including protection for home systems and service lines. This coverage helps pay for damaged water and sewage pipelines, among other lines. The home systems protection coverage protects against loss caused by equipment breakdown, such as your heating system. State Farm also offers discounts for installing impact-resistant roofs in some states. Long-term policyholders gain eligibility to claim further discounts.
With a perfect score, AAA ranks first for affordability, third for stability, and fourth for user satisfaction. AAA offers a unique discount for policyholders who are 55 years and older. On average, AAA charges $1,944 per year for a home insurance policy.
AAA offers discounts you’d expect from most home insurers. These include bundling, meaning you’ll save by combining your home and auto policies. Another discount is home renovation, in which discounts are based on the completion date and type of major system renovations. Installing protective devices in your home, such as approved and properly maintained burglar and fire alarms and smoke detectors, will also provide you with discounts.
MoneyGeek collected insurance quotes from several insurance companies across the country. We evaluated these and took into account customer satisfaction scores and property claims ratings from J.D. Power. On this basis, we determined the best home insurance nationally and in Missouri.
That said, your actual insurance costs and customer experience may vary depending on your circumstances. Read MoneyGeek’s methodology for more information.
The Best Homeowners Companies in Missouri for Service Quality
MoneyGeek experts determined the best-rated home insurance companies in Missouri for those who prioritize customer service and claims experience over affordability. The top two providers are:
- American Family: MoneyGeek score of 83 out of 100
- State Farm: MoneyGeek score of 81 out of 100
USAA is excluded from this ranking due to its exclusive availability to current military members, veterans and their families. It ranks the highest with a MoneyGeek score of 100 out of 100.
Below, we clarify why American Family and State Farm are the best insurance options for homeowners who put excellent customer service over cost concerns.
The Top Home Insurance Companies in Missouri for Quality Service
In Missouri, State Farm ranks first for customer satisfaction and financial stability. However, it came in sixth for claims. State Farm is known for its quality policy offerings and excellent customer experience.
The insurer offers coverage that pays up to 150% of the loss when you upgrade your equipment such as heating units, air conditioning units or water heaters to something more energy-efficient. State Farm also offers property and liability coverage if you rent out your home (or part of it) for more than 30 nights in 12 months. Note that these coverages are optional and may come with additional costs.
American Family ranks first for claims. It came in third for customer satisfaction and financial stability. The insurer is known to offer customers a great experience when they file an insurance claim.
American family offers a unique matching coverage as an add-on. Once they pay for the damaged sections of siding due to a covered loss, they’ll reimburse you for the cost to replace any undamaged siding (up to the policy’s limit) so that everything matches. American Family offers another add-on for hidden water damage. It pays for water damage due to a leak that is not visible, even if the cause is deterioration over time.
The Best Homeowners Companies in Missouri on a Budget
If you are looking for home insurance companies in Missouri that offer great service and affordability, you can find the best options using our analysis. The top two companies in this respect are:
- AAA: MoneyGeek score of 91 out of 100
- Travelers: MoneyGeek score of 91 out of 100
USAA was excluded from this analysis. But, with a score of 100 out of 100, it is the best option for armed forces personnel and their families.
Although both AAA and Travelers scored 91 out of 100 in MoneyGeek’s analysis, AAA ranked first due to its higher user satisfaction scores. On average, policies from AAA cost $1,944 annually, while those from Travelers cost $1,980 per year. MoneyGeek explains why these companies are the most affordable, along with their unique coverages and discounts.
The Top Home Insurance Companies in Missouri on a Budget
Affordable home insurance at $1,944 per year
Discounts for bundling, new home and protective device installation
MoneyGeek user satisfaction score of 3.91 out of 5
No claims-free discount
AAA ranks first for affordability, with a score of 5 out of 5. You can get a discount by combining home and auto insurance with the provider. You can also save on insurance expenses by installing an approved protective device such as a burglar or fire alarm and ensuring proper maintenance.
The insurer has a senior discount too, which is not commonly offered. It can help you save on premium costs if you are 55 years or older.
The Best Homeowners Companies in Missouri for Expensive Homes
Owning an expensive home in Missouri will lead to higher insurance costs. MoneyGeek ranked the best insurers in Missouri for owners of homes that would cost $2 million to replace while also taking user satisfaction into account.
The two best insurers for expensive homes are:
- State Farm: MoneyGeek score of 85 out of 100
- AAA: MoneyGeek score of 82 out of 100
Although USAA got a MoneyGeek score of 100 out of 100, it is not included in our analysis because it is not widely available. Insurance through USAA is exclusive to members of the military and their families.
To further explain why State Farm received the highest score among the companies offering home insurance for expensive homes, MoneyGeek broke down unique coverages offered to those in need of a lot of coverage.
The Top Home Insurance Companies in Missouri for High-Value Homes
Affordable policies at $13,763 per year to insure expensive homes
Customer satisfaction rating of 4.09 out of 5
Does not offer common coverages such as extended reimbursement and cost for content replacement
State Farm ranks first for customer satisfaction and offers the most affordable insurance for owners of expensive homes in Missouri.
The company also offers certain coverages that tend to be benefical to high-value homeowners. These include coverage for loss of items such as jewelry and furs (up to $2,500), gold and silver (up to $2,500) and firearms (up to $2,500). It also provides coverage to restore identities after an ID theft which is used to commit a crime or a cyber attack that requires data recovery and system revival.
The Best Homeowners Companies in Missouri for Veterans
Our research also evaluated the best home insurance for military families in Missouri. With a MoneyGeek score of 100 out of 100, USAA is the best option for active and former members of the armed forces and their families.
On average, USAA’s policies cost $1,985 annually. The company has tailored its policies to meet the requirements of current and former military members.
The Top Home Insurance Companies in Missouri for Veterans
Coverage tailored for military members
User satisfaction score of 5 out of 5
Affordability score of 4.97 out of 5
Exclusively available to members of the armed forces, veterans and their families
USAA has a user satisfaction score of 5 out of 5 and an affordability score of 4.97 out of 5. The insurer offers coverages that are useful for armed forces personnel, including the replacement of personal belongings at market value, without depreciation. This can be helpful for military families who relocate often and is included in all policies at no extra cost.
USAA offers home-sharing coverage that protects the homeowner and their guests. This coverage is helpful to families when they’re overseas and rent out their entire house or when a military member is transferred, and they rent out a room in their home.
The Best Homeowners Companies in Missouri for Bundling
In most cases, bundling home and auto insurance can help you get more affordable policies. MoneyGeek evaluated the best auto and home insurance bundles in Missouri if you are also looking for auto insurance.
The two companies offering the best home insurance policies with the best car insurance in Missouri are:
- State Farm: MoneyGeek score of 83 out of 100
- Allstate: MoneyGeek score of 80 out of 100
If you’re looking to save money, bundling is a good option as you can get considerable discounts by choosing the same insurer for both. It also becomes easier to manage your policies as the same company handles your auto and home insurance.
The Top Home Insurance Companies in Missouri for Bundling
Home MoneyGeek score of 4.31 out of 5
Offers 28% bundling discount
Auto MoneyGeek score of 3.76 out of 5
Although State Farm scored only 3.76 out of 5 for auto insurance, it scored 4.31 out of 5 for home insurance. It also offers a 28% discount for bundling home and car insurance.
State Farm offers a unique home insurance opt-in coverage for energy-efficient upgrades. It pays up to 150% of the replacement loss if you upgrade to more energy-efficient air conditioning or water heating equipment. You can also get unique auto insurance coverages such as rideshare insurance through State Farm. This coverage ensures that your medical, emergency roadside assistance and rental car reimbursement stay in effect when you work for a rideshare company.
These coverages are optional and will add to the cost of your homeowners insurance policy.
How to Find the Best Home Insurance in Missouri
If you’re looking for the best homeowners insurance in Missouri, it’s important to choose a company that balances affordability with quality service, financial stability and a good claims rating. MoneyGeek has ranked the best insurers in the state based on these criteria. However, you can also perform your own research to find the best company for your needs.
Research Customer Service Reputations in Missouri
MoneyGeek has performed detailed analysis to help you find the best insurer. However, you can also research each company by reviewing user satisfaction scores provided by J.D. Power and complaint ratios provided by the National Association of Insurance Commissioners (NAIC). You can check the Missouri Department of Insurance website for more information too.
Compare Quotes for Yourself
The quotes MoneyGeek collected are averages for sample homeowners from insurers across most of Missouri. But our process did not cover the entire state. While doing your research, it’s a good idea to compare quotes from a minimum of three insurance companies to get a good idea of home insurance rates in the state.
Make Sure the Company Has Coverages You Want in Missouri
Leading insurers advertise many coverages and discounts that they offer with their policies. However, before making a decision, make sure that the policy includes all the coverages you need (and discounts you want) and that the insurer offers them in your state and zip code.
Double-Check Financial Stability Ratings
You should also double-check the financial health of the insurer before making a decision. Typically, larger insurance companies are more financially stable, whereas regional insurers in Missouri may have lower stability ratings. Insurers with good financial ratings are better able to pay out claims.
FAQs About the Best Home Insurance in Missouri
How much you pay for homeowners insurance in Missouri will depend on the coverages you need and your circumstances. You can learn more about the best home insurance options in the state by reading our answers to some of the most frequently asked questions.
MoneyGeek scores for homeowners insurance in Missouri were calculated by using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, real homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections focused on affordability and service experience specifically.
MoneyGeek analyzed homeowners insurance quotes from 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.
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