Who Has the Cheapest Car Insurance Quotes for High Risk Drivers in Missouri?

The type of vehicle that is being insured is probably the most important factor when shopping around for the best cheap insurance for high risk drivers. Vehicles with limited speed and performance, a great safety record, or low incidents of liability claims will cost significantly less to insure than adrenaline junky models.

The next list ranks car insurance premiums for a selection of the most cost-effective automobiles to insure in Missouri.

Data based on single male driver age 40, two speeding tickets, two at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Rate quotes do not factor in specific garaging location which can revise prices significantly.

Looking at the numbers, cars like the Honda CR-V, Ford Escape, Chevrolet Traverse, and Subaru Forester are likely to be some of the cheapest vehicles to insure for high risk drivers. The cost of auto insurance will be more costly because of the fact that there is more risk for high risk drivers, but generally speaking those specific models will probably have the cheapest car insurance rates compared to all other vehicles.

Trying to find budget car insurance is not the easiest thing to accomplish, and finding out which company offers the lowest-priced car insurance rates for high risk drivers will require additional perseverance. Policy prices could be quite a bit pricier than the average policy in Missouri, with the increase attributed to the posibility of more claims that goes along with selling coverage for high risk drivers, but reasonable coverage should be possible with a little diligence. Every insurance company has a unique formula for filing rates in each state, so let’s begin by taking a look at the car insurance companies with the overall cheapest rates in Missouri.

Best Auto Insurance Prices for Risky Drivers

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USAA offers some of the most affordable car insurance rates in Missouri at around $642 a year. The Hartford, Allied, Electric, and Auto-Owners are also some of the cheaper Missouri auto insurance companies.

As shown above, if you currently buy coverage from Electric and switched to USAA, you might realize yearly savings of upwards of $233. Drivers with Auto-Owners could save as much as $355 a year, and MO Farm Bureau policyholders might cut rates by $390 a year.

Remember that these estimates are averages for all types of drivers and the different vehicles they drive and do not factor in a price increase for high risk drivers. So the insurer that fits your needs best may not even be included in the chart above. That point stresses why you need to get rate quotes from many companies using your own driver data and vehicle information.

Does full coverage make sense?

Finding the cheapest auto insurance for high risk drivers in Missouri should be important to the majority of vehicle owners, and one common way to pay less for insurance is to buy only liability coverage. The diagram below illustrates the difference between premium costs with full physical damage coverage compared to only buying liability only. The rates are based on no accidents or driving violations, $100 deductibles, single status, and no discounts are applied to the premium.

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If we average the cost for all age groups, comprehensive and collision coverage on your policy costs an extra $2,087 per year more than carrying just liability coverage. That is a large expense which might make you wonder when is the right time to remove full coverage. There is no clear-cut rule of when to phase out physical damage insurance, but there is a general guideline you can use. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

There are some cases where only buying liability is not recommended. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.

Missouri car insurance companies

Buying coverage from the best insurance company can be challenging considering how many companies are available to choose from in Missouri. The information listed below could help you decide which auto insurers you want to consider to insure your vehicles.

These ratings are only made up of large, nationwide insurance companies, so companies that have a smaller presence are not factored into this list. To get rate quotes from these and other top-rated companies, click here.

Top 10 Major Car Insurance Companies Overall in Missouri

1. USAA
2. 21st Century
3. GEICO
4. Nationwide
5. AAA Insurance
6. Liberty Mutual
7. Safeco Insurance
8. State Farm
9. Travelers
10. American Family