Best and Cheapest Renters Insurance in Missouri (2024)


AAA is Missouri's best and cheapest renters insurance company, with a MoneyGeek score of 85 out of 100 and an average annual premium of $81 for $20K in personal property coverage with a $1,000 deductible.

However, your best choice depends on your needs. Consider Nationwide if you value exceptional service or USAA if you have a military background.

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Best Overall: AAA

AAA is the best overall renters insurance provider in Missouri, with a MoneyGeek score of 85 out of 100 and an average annual premium of $81.

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Cheapest: AAA

AAA is the cheapest renters insurance provider in Missouri, offering an average annual premium of $81.

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Best Service: Nationwide

Nationwide is Missouri's best renters insurance provider for service quality, with a MoneyGeek score of 89 out of 100 and an average annual premium of $123.

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Best for Extra Personal Property: Nationwide

Nationwide is Missouri's best renters insurance provider for those who need extra personal property coverage of $100K. It has a MoneyGeek score of 85 out of 100 and an average annual premium of $247.

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Best for Military: USAA

USAA is the best renters insurance provider for military members and veterans, with a MoneyGeek score of 100 out of 100 and an average annual premium of $74.

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Best for Bad Credit: Nationwide

Nationwide is the best renters insurance provider for those with poor credit in Missouri, with a MoneyGeek score of 86 out of 100 and an average annual premium of $185.

Why Trust MoneyGeek? We gathered data from the Missouri Department of Insurance and Quadrant Information Services to determine the best renters insurance in Missouri.

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Renters insurance rates in Missouri reflect the best quotes as of September 2024.

23,040Quotes Collected
 
8Cities Analyzed
 
15ZIP Codes

Overall Best Renters Insurance in Missouri

The best renters insurance providers in Missouri for a policy with $20K in personal property coverage are:

  • AAA: MoneyGeek score of 85 out of 100 ($81 per year)
  • Shelter: MoneyGeek score of 82 out of 100 ($78 per year)

AAA offers a good balance of customer satisfaction and affordability. However, the best provider for you depends on your needs.

Company logo for AAA
Best OverallAAA
MoneyGeek Score:
85/ of 100

Overview

In Missouri, AAA is the best overall renters insurance provider, with an average annual premium of $81. It offers scheduled personal property coverage for protecting high-value items like jewelry and electronics beyond standard limits.

Best Renters Insurance in Missouri
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
AAA85$ 81
Shelter82$ 78
State Farm82$ 109
Nationwide78$ 123
Allstate56$ 166
American Family55$ 182
Farmers53$ 176

Cheapest Renters Insurance in Missouri

AAA ranks top among the cheapest renters insurance companies in Missouri, with an average annual premium of $81 for $20K in personal property coverage and a $1,000 deductible. Here are the two most affordable options for renters:

  • AAA: $81 per year
  • Shelter: $78 per year

Personal property coverage helps replace or repair your belongings if damaged, lost or stolen. Cheap renters insurance policies often have lower coverage limits. Higher coverage limits can lead to higher monthly costs but offer better protection if you have many personal belongings.

Cheapest Renters Insurance in Missouri
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
AAA$ 81
Shelter$ 78
State Farm$ 109
Nationwide$ 123
Allstate$ 166
Farmers$ 176
American Family$ 182
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QUALITY OVER COST

When selecting renters insurance, prioritize quality service. Paying more for the best renters insurance ensures efficiency in claims handling, saving you money in the long run compared to cheaper plans.

Cheapest Renters Insurance by High Deductible in Missouri

Shelter is Missouri's best renters insurance provider, with an average annual premium of $71 for $20K in personal property coverage and a $2,000 deductible. Here are the top options for higher deductible policies:

  • Shelter: $71 per year
  • AAA: $73 per year

A deductible is the amount you pay out of pocket before your insurance covers the rest. While a higher deductible can lower your premium, choosing an amount you can afford is crucial if you need to file a claim.

Cheapest High-Deductible Renters Insurance in Missouri
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Shelter$ 71
AAA$ 73
State Farm$ 106
Nationwide$ 113
Farmers$ 153
Allstate$ 166
American Family$ 170

Best Renters Insurance for Customer Service in Missouri

Nationwide offers the best renters insurance for service quality in Missouri, with an annual premium of $123 for $20K in personal property coverage.

  • Nationwide: MoneyGeek score of 89 out of 100 ($123 per year)
  • American Family: MoneyGeek score of 83 out of 100 ($182 per year)

Great customer service in renters insurance means responsive and helpful support when needed. Quick, efficient handling of inquiries and claims offers peace of mind. A provider with excellent service guides you through the claims process, ensuring you're well-informed and stress-free.

Company logo for Nationwide
Best ServiceNationwide
MoneyGeek Score:
89/ of 100

Overview

In Missouri, Nationwide ranks first in coverages, with an average annual premium of $123. Its theft from vehicles coverage protects valuables stolen from your car, ideal for those on the go. The credit card forgery coverage reimburses unauthorized charges, providing peace of mind against fraud.

Best Renters Insurance For Customer Service in Missouri
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Nationwide89$ 123
American Family83$ 182
State Farm80$ 109
Farmers71$ 176
Allstate71$ 166
AAA68$ 81
Shelter61$ 78

Best Renters Insurance for Extra Personal Property in Missouri

For $100K in personal property coverage, the top renters insurance providers in Missouri are:

  • Nationwide: MoneyGeek score of 85 out of 100 ($247 per year)
  • State Farm: MoneyGeek score of 83 out of 100 ($254 per year)

Renters with more belongings need higher personal property coverage to replace items like furniture, electronics and clothes if damaged or stolen. While higher coverage often costs more, finding a provider that balances cost and good service ensures your valuables are well-covered without overpaying.

Company logo for Nationwide
Best for Extra Personal PropertyNationwide
MoneyGeek Score:
85/ of 100

Overview

Nationwide is Missouri's top provider for renters needing extra personal property coverage, known for its affordability and high customer satisfaction. The average annual premium is $247.

Renters benefit from scheduled personal property coverage for high-value items and contents replacement cost coverage, which reimburses renters for new replacements instead of the depreciated value.

Best Renters Insurance for Extra Personal Property Limits in Missouri
Nationwide85$ 247
State Farm83$ 254
Shelter82$ 160
AAA74$ 281
American Family72$ 351
Farmers55$ 466
Allstate51$ 511

Best Renters Insurance for Military Families in Missouri

For renters with military backgrounds in Missouri, the top providers for a policy with $20K in personal property coverage are:

  • USAA: MoneyGeek score of 100 out of 100 ($74 per year)
  • AAA: MoneyGeek score of 85 out of 100 ($81 per year)

USAA offers products tailored for military members, including discounts and coverage options that suit their lifestyles. It ranks as the highest and most affordable provider for military personnel.

Company logo for USAA
Best for MilitaryUSAA
MoneyGeek Score:
100/ of 100

Overview

USAA is the top insurance provider for Missouri renters with a military background. It ranks first for affordability, customer satisfaction and coverages, with an average annual premium of $74.

Its contents replacement cost coverage ensures you can replace stolen or damaged items, like a TV, with new ones without deducting for depreciation. The worldwide personal property coverage financially protects your belongings while deployed abroad.

Best Renters Insurance for Military Families in Missouri
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAA100$ 74
AAA85$ 81
Shelter82$ 78
State Farm82$ 109
Nationwide78$ 123
Allstate56$ 166
American Family55$ 182
Farmers53$ 176

Best Renters Insurance for Bad Credit in Missouri

Nationwide is the best renters insurance company for those with poor credit in Missouri, with an average annual premium of $185.

  • Nationwide: MoneyGeek score of 86 out of 100 ($185 per year)
  • AAA: MoneyGeek score of 84 out of 100 ($146 per year)

Rates are higher for those with poor credit because they pose a greater risk to insurers and are more likely to file claims. Improving your credit and using available discounts can help reduce costs.

Company logo for Nationwide
Best for Bad CreditNationwide
MoneyGeek Score:
86/ of 100

Overview

In Missouri, Nationwide ranks third in affordability at $185 annually and excels in coverage for renters with poor credit.

It offers a claim-free discount that lowers premiums for those without claims. A protective device discount reduces costs for homes with safety features like smoke detectors or fire alarms, providing financial relief and added security.

Best Renters Insurance for Bad Credit in Missouri
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Credit Score:
Credit Score:Poor
Nationwide86$ 185
AAA84$ 146
Shelter82$ 128
State Farm71$ 271
American Family60$ 343
Allstate55$ 346
Farmers51$ 373

Average Cost of Renters Insurance in Missouri

The average cost of renters insurance in Missouri is $131 annually or about $11 per month. This is $15 less than the national average of $146 annually. These rates are based on a policy with $20K in personal property coverage, $100K in liability limit and a $1,000 deductible.

Renters insurance costs can vary depending on your chosen coverage. Personal property coverage protects your belongings from theft, fire and other risks. Use the tool below to get an estimate based on your needs.

Renters Insurance Calculator

MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
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Rates updated:

Dec 06, 2024

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Average Cost of Renters Insurance by City in Missouri

Renters insurance costs vary by city. In Missouri, for instance, the average annual premium in Columbia is $122, while in Kansas City, it's $141. These rates are based on a policy with $20K in personal property limit, $100K in liability limit, a $1,000 deductible and a good credit score. Check the average costs in your city using the table below.

Columbia$ 122
Independence$ 131
Kansas City$ 141
Springfield$ 124
St. Louis$ 138
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COMPARE QUOTES TO SAVE

Renters in Missouri can save money on renters insurance by comparing quotes from various providers. Shelter offers the lowest annual premium at $78, while American Family has the highest at $182. Renters can save $104 annually or $9 monthly by shopping around.

What Factors Impact Renters Insurance Costs in Missouri?

Understanding the factors that affect the cost of renters insurance in Missouri can help you find a policy that fits your budget and needs.

  • Location: Crime rates and weather risks in your area can affect your premium.
  • Coverage amount: Higher coverage limits increase your insurance costs.
  • Deductible: A higher deductible lowers your monthly premium but means higher out-of-pocket costs in a claim.
  • Claims history: A history of claims may lead to higher premiums due to increased perceived risk.
  • Credit score: A better credit record can result in lower premiums.

How Much Personal Property Coverage Do You Need?

Determining your personal property coverage as a renter starts with a thorough personal inventory of your belongings, along with their estimated value and proof of ownership. Here's how to create one:

  1. Start with big-ticket items: List all high-value items first, such as electronics, jewelry and furniture, noting their make, model and serial numbers when available.
  2. Document details: Take clear photographs or video recordings of your belongings, capturing any identifying marks or conditions.
  3. Include receipts and appraisals: Attach purchase receipts, warranty cards and appraisal documents for items of significant value.
  4. Store information securely: Keep your inventory list and supporting documents in a safe, accessible location, such as cloud storage.
  5. Update regularly: Review and update your personal inventory annually or whenever you acquire or dispose of items.

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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What Renters Insurance Typically Covers in Missouri

Renters insurance primarily protects your personal belongings from damage, but it also extends to other areas, such as liability and additional living expenses. Here's what a typical policy may cover:

  • Personal property coverage: Safeguards your possessions against covered perils, like theft, and helps you replace them.
  • Personal liability coverage: Protects you from legal responsibility for injuries or damage to others, such as if a guest is injured in your rental unit.
  • Loss of use coverage: Covers additional living expenses if your rental is uninhabitable due to a fire. For example, loss of use coverage can pay for temporary housing costs.

Renters insurance typically applies to specific events, like theft, vandalism or specific natural disasters. Here's what most policies cover:

  • Fire or lightning
  • Windstorm or hail
  • Explosions
  • Riots
  • Damage caused by aircraft
  • Damage caused by vehicles
  • Smoke damage
  • Vandalism
  • Theft
  • Volcanic eruption
  • Falling objects
  • Weight of ice, snow or sleet
  • Water-related damage from home utilities
  • Electrical surge damage

What Renters Insurance Typically Doesn't Cover

While renters insurance protects your personal property and liability, it doesn't cover all losses. Standard policies typically exclude:

  • Natural disasters: Events like floods and earthquakes are usually not covered.
  • High-value items: Expensive jewelry or electronics might exceed policy limits.
  • Business equipment: Items used for business may require additional coverage.
  • Roommate property: Your policy doesn’t cover your roommate’s belongings.
  • Pest damage: Infestations and damage from pests are generally not covered.
  • Car theft: Personal vehicles are covered by auto insurance, not renters insurance.

Understanding these exclusions can help you get additional coverage if needed, ensuring better financial protection against various risks.

FAQ: Renters Insurance in Missouri

Choosing the best renters insurance provider depends on your needs. We address common questions to help you find the right coverage.

What is the cheapest renters insurance company in Missouri?

What is the best renters insurance company in Missouri?

How much does renters insurance cost in Missouri?

Is renters insurance required in Missouri?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He 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.