Cheapest Homeowners Insurance in Missouri (2024 Rates)


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Updated: May 22, 2024

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AAA is the cheapest overall homeowners insurance provider in Missouri, even if you have a low credit score or a recent claims history. It also has the best prices for high-value houses and frame-type construction. However, Nationwide is the most affordable insurer for newly built homes. Meanwhile, State Farm is the go-to choice for policyholders seeking bundled home and auto insurance packages.

Why Trust MoneyGeek? MoneyGeek used information from the Missouri Department of Commerce and Insurance and Quadrant Information Services to obtain data on insurance rates, discounts and more.

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These rates reflect the cheapest home insurance quotes in Missouri as of 2024.

Overall Cheapest Homeowners Insurance in Missouri

If you live in Missouri, AAA offers the cheapest overall home insurance rates, with the lowest premium for $100K in dwelling coverage at an annual average of $894. However, rates vary based on your dwelling coverage limits and unique circumstances.

AAA is the cheapest provider across different coverages. Take a look at its rates below:

  • Cheapest for $100,000: AAA at $894 per year
  • Cheapest for $250,000: AAA at $1,586 per year
  • Cheapest for $500,000: AAA at $2,889 per year

Check out MoneyGeek's table below to find cheap home insurance and see how costs adjust by dwelling coverage.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
AAAAnnual Premium$894
State FarmAnnual Premium$1,145
ShelterAnnual Premium$1,552
NationwideAnnual Premium$1,853
American FamilyAnnual Premium$1,858
AllstateAnnual Premium$1,973
Foremost InsuranceAnnual Premium$2,315

Compare Missouri Home Insurance Quotes Online

Checking prices from a variety of insurance providers will help you find affordable homeowners insurance in Missouri. MoneyGeek’s home insurance calculator can help — providing Missouri quotes quickly and without the need to share personal details first.

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Rates updated:

Jul 12, 2024

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Cheapest Home Insurance in Missouri for High-Value Homes

Missouri homeowners with high-value properties can find the most competitive rates with AAA, offering $750K in dwelling coverage at an average rate of $4,348 per year. Since dwelling coverage is a pivotal factor in determining home insurance costs, upscale homes typically have higher premiums.

Here's a breakdown of the top rates for higher-value homes in Missouri:

  • Cheapest for $750,000: AAA at $4,348 per year
  • Cheapest for $1,000,000: State Farm at $6,018 per year

For adequate protection, we recommend opting for a dwelling coverage amount that reflects your home's total rebuild cost rather than its market value. Check out MoneyGeek's table below on dwelling coverage costs to learn more.

Data filtered by:Results filtered by:
Coverages:
Coverages:$750K Dwelling / $375K Personal Property / $500K Liability
Construction Year:
Construction Year:2000
AAAAnnual Premium$4,348
State FarmAnnual Premium$4,744
American FamilyAnnual Premium$5,340
AllstateAnnual Premium$6,190
ShelterAnnual Premium$7,059
NationwideAnnual Premium$9,850
Foremost InsuranceAnnual Premium$16,600

Cheapest Home Insurance in Missouri for New Homes

Missouri's cheapest home insurance provider for new homes with $100K in dwelling coverage is Nationwide, offering an average annual premium of $481. New homes in Missouri often receive more favorable insurance rates thanks to their modern construction and reduced risk of damage.

Nationwide consistently provides the best rates for new homes across different coverage levels:

  • Cheapest for $100,000: Nationwide at $481 per year
  • Cheapest for $250,000: Nationwide at $783 per year
  • Cheapest for $500,000: Nationwide at $1,305 per year

For a comprehensive view of how insurance rates vary for new constructions based on dwelling coverage, refer to MoneyGeek's detailed table below.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
NationwideAnnual Premium$481
AAAAnnual Premium$576
State FarmAnnual Premium$687
AllstateAnnual Premium$893
ShelterAnnual Premium$944
American FamilyAnnual Premium$1,273
Foremost InsuranceAnnual Premium$1,564

Cheapest Home Insurance in Missouri for Low Credit Scores

In Missouri, AAA emerges as the top choice for homeowners with poor credit, offering competitive rates for $100K in dwelling coverage. Credit scores are instrumental in shaping insurance premiums, giving insurers insights into potential payment risks.

Here are the standout rates for prospective policyholders with poor credit across different coverage levels:

  • Cheapest for $100,000: AAA at $1,618 per year
  • Cheapest for $250,000: AAA at $2,870 per year
  • Cheapest for $500,000: AAA at $5,228 per year

Missouri residents with poor credit can anticipate an average difference of $1,792 annually in insurance rates for $100K dwelling coverage compared to those with good credit scores. Explore MoneyGeek's table to better understand how rates vary based on your credit rating.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
AAAAnnual Premium$1,618
NationwideAnnual Premium$2,739
American FamilyAnnual Premium$2,771
ShelterAnnual Premium$2,909
State FarmAnnual Premium$3,005
AllstateAnnual Premium$4,018
Foremost InsuranceAnnual Premium$7,073

Cheapest Home Insurance in Missouri With a Claims History

If you've made one policy claim in the past five years, Missouri's most affordable home insurance company across dwelling coverage limits is AAA. Remember that having a claims history can lead to higher premiums since insurers perceive you as more likely to file claims in the future.

Here is how AAA stacks up for different coverage values for homeowners with a recent claims history:

  • Cheapest for $100,000: AAA at $1,162 per year
  • Cheapest for $250,000: AAA at $2,061 per year
  • Cheapest for $500,000: AAA at $3,754 per year

Missouri homeowners can benefit from understanding the impact of claims on insurance costs. For instance, policyholders with no claims in the past five years pay an average of $813 less annually for $100K dwelling coverage than those with two recent claims.

Data filtered by:Results filtered by:
Claims History:
Claims History:1 claim in past 5 years
Construction Year:
Construction Year:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
AAAAnnual Premium$1,162
State FarmAnnual Premium$1,309
ShelterAnnual Premium$2,152
American FamilyAnnual Premium$2,209
NationwideAnnual Premium$2,384
AllstateAnnual Premium$2,543
Foremost InsuranceAnnual Premium$2,779

Cheapest Home Insurance in Missouri by Home and Roof Materials

In Missouri, your home's construction type and roofing material are pivotal factors in determining your insurance premiums. AAA offers the most competitive rate at $894 annually for homes with frame-type construction and shake-treated roofs. Such houses might attract higher premiums due to their increased susceptibility to damages compared to superior-construction homes.

For these specific homes in Missouri, AAA consistently offers the most affordable rates across varying coverages:

  • Cheapest for $100,000: AAA at $894 per year
  • Cheapest for $250,000: AAA at $1,586 per year
  • Cheapest for $500,000: AAA at $2,889 per year

Investing in superior construction and opting for a tile roof can lead to significant savings. On average, such homes save homeowners around $239 annually on insurance premiums compared to frame-type homes with shake-treated roofs. This difference highlights the long-term financial benefits of investing in quality construction and materials for Missouri residents.

Data filtered by:Results filtered by:
Home Construction Type:
Home Construction Type:Frame
Roof Material:
Roof Material:Shake-Treated
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
AAAAnnual Premium$894
State FarmAnnual Premium$1,145
NationwideAnnual Premium$1,229
ShelterAnnual Premium$1,552
American FamilyAnnual Premium$1,836
AllstateAnnual Premium$2,037
Foremost InsuranceAnnual Premium$2,873

Cheapest Home Insurance in Missouri by Deductible

Altering your deductible can save you hundreds of dollars yearly. In Missouri, for instance, the AAA, which has the lowest price for a $2,000 deductible, charges an average annual premium of $777. Contrastingly, the cheapest deductible of $500 is also from AAA, but with a higher yearly premium of $1,055.

  • $2,000 deductible: AAA at $777 per year
  • $1,500 deductible: AAA at $830 per year
  • $1,000 deductible: AAA at $894 per year
  • $500 deductible: AAA at $1,055 per year

Home insurance deductibles denote the amount you pay before your insurance takes over. The average annual difference in price among insurers for a $500 deductible and a $2,000 deductible is $333. Find the most affordable Missouri home insurers for each deductible amount in our table below.

Data filtered by:Results filtered by:
Deductible:
Deductible:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
AAAAnnual Premium$777
State FarmAnnual Premium$1,056
ShelterAnnual Premium$1,336
NationwideAnnual Premium$1,528
AllstateAnnual Premium$1,705
American FamilyAnnual Premium$1,829
Foremost InsuranceAnnual Premium$1,936

Cheapest Home and Auto Insurance Bundle in Missouri

Missouri residents can find competitive rates for bundled home and auto insurance policies. State Farm offers the most affordable bundles at an average of $2,933 annually.

The cheapest home and auto bundle providers include:

  • State Farm at $2,933 per year
  • Allstate at $4,064 per year

Bundling isn't just about savings; it's about convenience, too. It streamlines the insurance process, making policy management effective via a single insurer. Get the inside scoop on how a Missouri insurance bundle improves your insurance purchasing journey.

State FarmAnnual Premium$2,933
AllstateAnnual Premium$4,064
NationwideAnnual Premium$4,364

Cheapest Home Insurance in Missouri by City

AAA is the most affordable home insurance provider in most Missouri cities, with rates ranging from $826 to $1,034, depending on your location. Costs differ significantly across cities due to variables like local codes, crime rates and weather-related risks. For example:

  • Columbia boasts the lowest average annual premium at $826 with AAA.
  • On the other hand, Kansas City's cheapest yearly premium is $1,034, also from AAA.

This discrepancy illustrates the significance of shopping around, as insurers calculate rates differently for distinct geographical areas, which could lead to potential savings. Check out our table below to compare rates with other Missouri localities.

ColumbiaCheapest CompanyAAAAnnual Premium$826
IndependenceCheapest CompanyAAAAnnual Premium$986
Kansas CityCheapest CompanyAAAAnnual Premium$1,034
SpringfieldCheapest CompanyAAAAnnual Premium$954
St. LouisCheapest CompanyAAAAnnual Premium$843

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.