Insurance
Missouri Homeowners Insurance Calculator: Free Cost Estimator (2024)
Updated: May 22, 2024
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Jul 26, 2024
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The cheapest overall homeowners insurance provider in Missouri is AAA at $1,944 annually. This is based on MoneyGeek’s analysis of quotes from various providers, which helps you find the cheapest home insurance companies in Missouri for various home coverages.
Buyers who are looking to strike a balance between cost and affordability can determine the best homeowners insurance providers in Missouri based on their unique situation.
How to Estimate the Cost of Your Homeowners Insurance Policy in Missouri
The average home insurance cost in Missouri varies. Factors such as property location, credit score, liability and deductibles influence the cost. Getting a personalized estimate is possible by entering your details into MoneyGeek's Homeowners Insurance calculator. The result can help insurance buyers better understand insurance values and compare quotes from different providers.
Missouri
Where you live has a direct impact on your insurance costs. Factors in Missouri, including the risk of disasters, theft and crime rates, can impact your home insurance costs.
When you live in a riskier location, your home insurance rates will be higher.
Dwelling Coverage
Homeowners insurance policy comes with dwelling coverage. This is the amount you may pay to rebuild or repair your home's physical structure should it be damaged by a covered hazard.
Making sure you have enough coverage to help you recover from theft, lightning, fire and other events is essential when selecting dwelling coverage for insurance. The average amount of dwelling coverage in Missouri is 250K.
Deductible
Before being reimbursed by your insurance company, you must pay a certain amount or percentage of your insurance. A homeowners insurance deductible is the amount of money that a homeowner must pay out of pocket before his or her home insurance coverage kicks in. Keep in mind that the higher the deductible, the lower the premium.
Liability
Personal liability coverage protects insurance buyers from legal-related expenses and paying damages that you or your family may cause to other people. It pays for injuries and destruction for which you are legally liable.
For example, it can help pay for a victim’s medical bills if your dog bites your neighbor.
You can add thousands in coverage for just a few extra dollars.
Personal Property
Everything inside your home counts as your personal property. MoneyGeek’s insurance calculator helps calculate the value of your personal property.
This coverage assists in repairing or replacing your belongings in the event of loss, whether through theft or elements such as fire.
Credit Score
How you handle your money impacts how much you pay for home insurance. It can give insurance providers an idea of how you manage your money and how you are as a customer. Missouri does not prohibit using credit scores to determine insurance costs. Low credit scores may lead to buyers getting higher rates.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
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Clothes, shoes, bags, belts, hats, gloves, etc.
Average Cost of Home Insurance in Missouri
Missouri ranks 39th in affordability when it comes to homeowners insurance costs. Buyers can expect to pay $3,213 for a $250,000 dwelling coverage.
Buyers looking for a different dwelling coverage amount can refer to the table below to see the average costs per coverage level in Missouri. This can help you estimate how much you will need to pay for the coverage that works for your situation.
Average Annual Premium in Missouri for Homeowners Insurance
| $100,000 | Average Annual Premium$2,226 |
| $250,000 | Average Annual Premium$3,213 |
| $500,000 | Average Annual Premium$7,023 |
| $750,000 | Average Annual Premium$10,166 |
| $1,000,000 | Average Annual Premium$13,607 |
| $2,000,000 | Average Annual Premium$26,697 |
| $3,000,000 | Average Annual Premium$39,087 |
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Dwelling coverage amounts should be based on the cost to rebuild and not the cost of your property or mortgage. Getting an appraisal can help with identifying the ideal dwelling coverage amount. Make sure your limit will cover the cost of rebuilding your home.
To determine a reasonable dwelling coverage amount, it is important to look at the property age, size and features of your home. Plus, options such as extended and guaranteed replacement coverage and inflation guard coverage also help cover extra expenses if the actual rebuilding is more expensive than anticipated by the dwelling coverage.
Average Cost of Home Insurance in Missouri Cities
Homeowners insurance premiums are influenced by the location of your home. Homes located in areas with high crime rates are expected to have more expensive insurance since they’re riskier to insure. The table below shows rates for different cities in Missouri.
Average Annual Premium in Missouri Cities for Homeowners Insurance
| Kansas City | Average Annual Premium ($100K Dwelling Coverage)$2,302 | Average Annual Premium ($250K Dwelling Coverage)$3,366 |
| St. Louis | Average Annual Premium ($100K Dwelling Coverage)$2,123 | Average Annual Premium ($250K Dwelling Coverage)$3,050 |
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According to MoneyGeek's rating system, Allstate provides the best homeowners insurance if cost is not a factor for you. It offers a combination of affordability, customer satisfaction and financial stability.
You can also evaluate the top homeowners insurance companies for your unique profile.
Frequently Asked Questions About Home Insurance in Missouri
Homeowners insurance has a lot of factors that may leave interested buyers asking important questions. If you are curious about the cost of homeowners insurance in Missouri, these questions might be able to help.
How much does homeowners insurance cost in Missouri?
The average cost of homeowners insurance in Missouri is $3,213 for $250,000 in dwelling coverage. It’s not the cheapest in the country, but it can offer insurance customers peace of mind that they’re protected from excessive costs should something happen to their property.
How do I know how much dwelling coverage to get?
Dwelling coverage, or the amount that may be paid to rebuild or repair your home's physical structure if it is damaged by a covered hazard, is included in a homeowners insurance policy. The average dwelling coverage amount in Missouri is $250,000. When choosing a dwelling coverage amount for insurance, make sure you have enough coverage to help you fully rebuild your home.
Insurance
Methodology
To determine the average cost of homeowners insurance in Missouri, MoneyGeek sourced pricing data from Quadrant Information Services.
MoneyGeek chose a standard home profile to provide the most reliable and relevant data for developing a thorough analysis of homeowners insurance. This standard home profile consists of the following attributes:
- Construction year: 2000
- Construction type: Frame
- Composition roof
- Three-mile radius from the fire department
- Assumed value of other structures on the property: 10% of the dwelling coverage
- Personal property coverage: 40% of the dwelling coverage
- Liability limit: $100,000
- Deductible: $1,000
About Mark Fitzpatrick
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.