How Much Does Auto Insurance Cost for a 20 Year Old Female in Missouri?

In an ideal world, we could simply give you the name of the one best car insurance company that has the cheapest policy rates in Missouri. Regrettably, it’s not quite that easy, as there are a whole slew of unknown aspects like your choice of physical damage deductibles, if you have a clean driving record, and your credit history, that all impact the cost of coverage. We will try to cover the best ways to save money and will hopefully give the reader a good start in finding the cheapest car insurance in Missouri.

Finding out which companies offer the cheapest auto insurance rates for 20 year old women will involve a bit more effort than just getting one or two price quotes. Every insurance provider uses their own formula for setting rates, so we’ll take a look at the auto insurance companies with the most affordable rates in Missouri.

It’s important that you understand Missouri auto insurance rates are impacted by many things that may substantially change the policy price. Improving your credit score, marrying your spouse, or getting a DUI may cause policy rate changes that may make certain companies cheaper than competitors.

Best Insurance Companies for Women Age 20

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USAA may offer some of the most affordable car insurance rates in Missouri at around $642 each year. The Hartford, Electric, Allied, and Auto-Owners are also some of the lowest-priced Missouri auto insurance companies.

In the above rates, if you are a customer of Electric and switched to USAA, you might achieve a yearly price reduction of upwards of $225. Insureds with Allied could save as much as $225 a year, and Auto-Owners insureds might realize rate reductions of up to $385 a year.

Understand that those premium estimates are averages for all insureds and vehicles and and are not figured with a price increase for 20 year old women. So the company that can offer the best rates for your situation may not even be featured in the chart above. That points out the importance of why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.

The safety and performance level of the vehicle that needs insurance is one of the biggest factors that determines whether or not you can buy cheap insurance for 20 year old women in Missouri. Vehicles with high performance engines, poor crash test ratings, or a high likelihood of having liability claims will cost significantly more to insure than more modest models.

The data below illustrates insurance costs for the most affordable automobiles to insure.

Data based on single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in zip code location which can alter insurance rates greatly.

Table data represents single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in your specific Missouri location which can revise insurance rates greatly.

Price data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in specific garaging location which can change coverage rates significantly.

For young women, one of the largest things that auto insurance companies use to determine the amount you pay for auto insurance is where your car is garaged in Missouri. Areas with more people or higher crime rates like Saint Louis, Florissant, and Kansas City tend to have higher auto insurance costs, whereas less populated areas enjoy lower auto insurance rates.

The table below shows the highest-priced places in Missouri for 20 year old women to purchase auto insurance in.

Rates are estimated as the specific area where the vehicle is garaged can change insurance rates greatly.

Price comparison of only insuring for liability

Finding cheap insurance for 20 year old women in Missouri is important to the majority of drivers, and one of the quickest ways to find cheap insurance is to not insure for full coverage. The chart below compares auto insurance rates with liability coverage only compared to full coverage. The data is based on no accidents or driving violations, $500 deductibles, drivers are single, and no policy discounts are applied.

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If averaged for all ages, comp and collision coverage costs $1,681 per year more than insuring for liability only. Lot’s of drivers question if it’s a good idea to buy full coverage. There is no set guideline for eliminating full coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your vehicle’s replacement cost is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $9,000 after the policy deductible has been paid. If you are paying in excess of $900 annually for full coverage, the it may be a good time to stop paying for full coverage.

There are some circumstances where eliminating full coverage is not a good idea. If you still have a lienholder on your title, you have to carry full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should maintain full coverage.

The chart below demonstrates how deductibles can influence insurance premiums when trying to find cheap insurance for 20 year old women. The rates are based on a single female driver, full physical damage coverage, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2365,2161,1935,1721],[‘Age 30’, 1655,1505,1333,1171],[‘Age 40’, 1529,1395,1241,1093],[‘Age 50’, 1339,1221,1087,957],[‘Age 60’, 1297,1183,1053,931],[‘Age 70’, 1499,1369,1223,1089]]);var options = {title: ‘Comparison of Deductible Levels and Auto Insurance Prices in Missouri’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

As shown above, a 30-year-old driver could lower rates by $288 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $436 by using a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could lower their rates $644 or more by selecting a higher deductible. When raising deductibles, it will be required to have enough spare savings to enable you to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Progressive, Allstate, Geico, and State Farm: Who is cheapest?

If you’re looking for the cheapest car insurance for young women, the first places to look would be Progressive, Allstate, Geico, and State Farm. When combined, they insure over 48% of all car insurance policies in America. Each company has a distinct set of features and optional coverages that policyholders can choose from. The table below compares ratings for price and service, as well as some optional coverages .

Who has the cheapest insurance quotes for young women?

Drivers have many ways to shop around for auto insurance in Missouri, but the most prevalent are either through an exclusive insurance agency like Liberty Mutual or Allstate, a non-exclusive or independent agent, or buying direct from a company like Geico or Progressive.

You can use whichever method you prefer, but each is slightly different in how they provide rate quotes.

Independent insurance agents have contracts with many companies and can do rate comparisons with each one. These agents are appointed with more than one company and can give you more rates, which can give you a better comparison. If a cheaper rate is found, it’s easy for the agent to move the policy without you having to go to a different agency.

A captive, or exclusive, agent is only able to write business for one insurance company, two examples being a State Farm or Allstate agent. This type of agents cannot provide multiple price quotes, which necessitates shopping around.

Direct auto insurance buyers skip a local agent and instead shop direct online or over the phone from a company like Geico or Progressive. This option may be the best choice consumers who do not need advice for asset protection and have knowledge of what auto insurance covers.

So which way is best for finding cheap insurance for 20 year old women in Missouri? Most people would assume that buying direct saves the most money because there are no middleman commissions, but unfortunately, that is not always true. We could also say that using an independent agent guarantees the best prices since there are more companies to choose from, but that’s not always true, either. And often times, exclusive agents have coverage prices that are the cheapest.

Because there are so many factors that make up auto insurance rates, the only true way to buy the cheapest coverage is to get quotes and compare the rates. It’s recommended that drivers get prices from all three types to give yourself enough choices. For a list of auto insurance companies with low rates, click here to view.