Average Costs and Cheapest Homeowners Insurance Companies in Missouri

Home insurance costs can vary depending on your personal circumstances and needs. Those with newer homes and pools will find the cheapest policies from Travelers, while those with more expensive homes will get the best rates from American Family. Homeowners with poor credit will find the cheapest rates with AAA.

MoneyGeek gathered thousands of quotes from multiple providers to calculate average rates and provide you with the most affordable homeowners insurance options in Missouri.

If you’re looking to balance affordability with a strong service experience, MoneyGeek also scored the best home insurance companies in Missouri.

​​MoneyGeek analyzed thousands of quotes from multiple providers to help you find the cheapest home insurance companies in Missouri for different dwelling coverages.

We found that, for a baseline dwelling coverage of $250,000, AAA offers the most affordable policies at an average annual cost of $1,944. AAA is also the cheapest option for dwelling coverage limits of $100,000 and $500,000. Military families may find the cheapest policies from USAA, which ranked first in terms of affordability for a dwelling coverage of $500,000.

The amount of dwelling coverage you need will depend on the replacement cost of your home, so a more expensive home also needs higher coverage limits. To see how costs vary for different dwelling coverage levels, toggle the table below.

The cost of home insurance in Missouri can differ greatly depending on how much dwelling coverage you choose to buy. In Missouri, the baseline dwelling coverage amount is $250,000 with policies that cost an average of $2,710 per year.

Dwelling level is the most significant factor in determining insurance rates. If you have a home that is expensive to rebuild or repair, then getting enough coverage will also require you to pay more. For instance, the average annual rate for a dwelling coverage of $100,000 is $1,524, while a dwelling coverage of $3,000,000 costs $25,649 per year.

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.

Use MoneyGeek’s calculator to see how the average cost of homeowners insurance in Missouri can change by adjusting your dwelling coverage limits, deductible and other limits.

To find the cheapest homeowners insurance in Missouri for different dwelling coverages, MoneyGeek gathered and analyzed thousands of quotes from various providers.

We found that the most affordable policies for $2 million in baseline dwelling coverage are from:

• American Family: $12,266 per year
• Allstate: $12,484 per year

MoneyGeek found USAA to be the cheapest option, but only those with a military background are eligible for their policies.

If you own a high-value home, rates can vary greatly depending on your dwelling coverage limits. Make sure to shop around and compare quotes from different providers to help you find the cheapest option that meets your specific needs.

​​Using a sample home built in 2015 with $250,000 in dwelling coverage, MoneyGeek found that the most affordable homeowners insurance in Missouri are from:

• Travelers: $1,340 per year
• Allstate: $1,603 per year

USAA offers the cheapest rates for newer homes in Missouri, but you will only be eligible for its policies if you have a military background.

The age of your home can affect the rate of your premiums. Most providers also offer discounts for new homes. On average, Missouri homes built in 2015 are $905 cheaper to insure compared to homes that were built in 2000.

The numbers for homes built in 2000 differ from the first section due to a different ZIP code collection process.

On average, newer homes in Missouri cost $1,885 per year to insure, while those built in 2000 cost $2,790 per year.

Insurance rates for older homes are generally higher than for newer homes. An older home’s structure may require significant repairs, and the plumbing, roofing and electrical wirings may already be worn out or faulty. These factors raise insurance rates because you are more likely to need to file a claim.

MoneyGeek compiled thousands of quotes to find the cheapest home insurance company in Missouri with a pool.

The cheapest insurers for a home with a pool and a baseline dwelling coverage of $250,000:

• Travelers: $1,949 per year
• State Farm: $2,263 per year

USAA was first in terms of affordability, offering rates as low as $1,918, but its policies are only available to military families.

Having a swimming pool can affect the rate of your home insurance because it increases the value of your property. Additionally, having a pool increases the chances for accidents, injury or even death which makes homes more expensive to insure.

In some cases, having a pool on your property may impact the cost of your home insurance. In Missouri, the cost for insurance homes with and without a pool is comparable. Homeowners with a pool should expect to pay an average of $2,802 per year for $250,000 in dwelling coverage limits. Without a pool, the same coverage limit costs an average annual premium of $2,790.

Insurance providers can use your credit score to determine your premium costs. MoneyGeek found the cheapest provider for homeowners with a poor credit record by averaging thousands of quotes.

We found that for a $250,000 dwelling coverage baseline, the most affordable homeowners insurance in Missouri for those with poor credit are from:

• AAA: $1,944 per year
• Allied: $3,816 per year

Generally, a poor credit background can cause your rates to increase. This is because people who have lower credit scores are more likely to file a high-value claim than people with higher credit scores.

Homeowners insurance rates can vary based on your credit score. The average cost of homeowners insurance in Missouri for someone with a good credit score is $2,669 per year, while the average annual premium for someone with poor credit is $5,191. This $2,522 difference may be a considerable amount for people with leaner budgets.

The city you live in also plays a role in your insurance costs. MoneyGeek analyzed Kansas City and St. Louis and found average annual rates of $2,822 and $2,560, respectively. Travelers is the cheapest option in Kansas City, while AAA is the cheapest in St. Louis.

Click on your city to learn more about the different costs and rates.

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.

You can also choose to get an anonymous home insurance estimate using MoneyGeek’s Missouri home insurance calculator. We compiled thousands of quotes from different providers to come up with the average estimated costs.

MoneyGeek analyzed homeowners insurance premiums from eight of the top affordable homeowners 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 $500,000, liability coverage of $100,000 and personal property coverage of $100,000.