How Much is Insurance for Ride Shares in Missouri?

Figuring out which companies quote the cheapest insurance rates for college graduates involves a bit more work in order to find the most economical policy.

Every auto insurer has their own guidelines for setting prices, so let’s take a look at the insurance companies with the overall best prices in Missouri. We do need to point out that Missouri insurance rates are calculated based on many things which can significantly increase or decrease the policy premium. Improving your credit rating, having a teenage driver, or getting a ticket for running a stop sign can trigger rate changes that can make some companies cheaper than competitors.

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USAA has some of the most affordable car insurance rates in Missouri at around $642 per year. The Hartford, Electric, Allied, and Travelers also qualify as some of the lowest-priced Missouri insurance companies.

In the above example, if you currently have coverage with The Hartford and switched to USAA, you may realize an annual savings of roughly $143. Insureds with Electric might save as much as $199 a year, and Allied customers might lower prices by up to $207 a year.

If you want to see how much you could save, click here to get a free quote or quote prices from the following companies.

Be aware that those premiums are averages for all insureds and vehicles and do not take into consideration a rate discount for college graduates. So the insurer that has the cheapest price for you may not even be included in the above list. That point stresses why you need to get auto insurance quotes using your own personal information and vehicle type.

The vehicle model you are insuring is probably the largest consideration when comparing low-priced insurance for college graduates. Vehicles with limited speed and performance, an excellent safety record, or a track record of few liability claims will cost quite a bit less to insure than fast, unsafe models. The next list outlines insurance prices for some of the most affordable automobiles to buy coverage for.

Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Table data does not factor in your specific Missouri location which can influence coverage prices considerably.

Looking at the data, you can assume that cars like the Ford Escape, Honda Odyssey, and Toyota Camry should be some of the less-costly vehicles to insure for college grads.

One of the more important things that is used to help calculate the amount you pay each year for auto insurance is your zip code in Missouri. Larger areas like Saint Louis, University City, and Kansas City tend to have more expensive car insurance rates, whereas areas that tend to be more rural have the luxury of lower rates.

The illustration below sorts the highest-priced areas in Missouri for college graduates in which to purchase auto insurance.

Rate quotes are approximated as the garaging address in Missouri can lower or raise premium rates substantially.

Full coverage rates compared to liability only

Finding cheap insurance for college graduates in Missouri should be important to the majority of drivers, and one easy way to buy cheap insurance is to not pay for full coverage. The example below compares car insurance costs with full phyical damage coverage and with liability coverage only. The price estimates are based on no claims or driving citations, $100 deductibles, single status, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 2933,813],[‘Age 30’, 1513,451],[‘Age 40’, 1509,417],[‘Age 50’, 1369,391],[‘Age 60’, 1321,385],[‘Age 70’, 1589,511]]);var options = {title: ‘Comparison of Rates for Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Missouri’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If the expense is averaged for all age categories, physical damage coverage costs $1,706 per year more than insuring for liability only. That proposes the question if buying full coverage is worth the expense. There is no clear-cut formula to delete comp and collision coverage, but there is a general convention. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s assume your vehicle’s book value is $7,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $6,500 after the deductible is paid. If premiums are more than $650 a year to have full coverage, then it might be time to buy liability only.

Discount Missouri car insurance rates

Car insurance companies that offer cheap insurance for college graduates in Missouri may also provide rate discounts that can reduce rates by 35% or more if you qualify for them. Larger insurance companies and a selection of discounts are included below.

The diagram below illustrates the difference between yearly insurance costs with and without discounts being applied to the rates. The prices are based on a female driver, no claims, a clean driving record, Missouri state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with claim-free, defensive driving course, multiple vehicle, accident-free, passive restraint, and homeowner discounts applied. When taking advantage of discounts, the the average yearly reduction on insurance for college graduates is 17% or $230.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 1935,1395],[‘Age 30’, 1333,971],[‘Age 40’, 1241,901],[‘Age 50’, 1087,791],[‘Age 60’, 1053,763],[‘Age 70’, 1223,885]]);var options = {title: ‘Insurance Rate Comparison with Discounts for Ride Shares’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

Find cheap insurance for college graduates in Missouri

The list below shows many thrifty suggestions that can help Missouri drivers buy cheaper coverage.

• Maintain a safe distance and avoid accidents
• Buy vehicles with good safety ratings
• Home or renters coverage can save on auto insurance
• Violations like speeding or DUI increase rates
• Avoid filing small claims
• Compare rates and switch if you can find a better deal

The last item on the list is certainly critical, as was noted in the article above. Insurance prices in Missouri fluctuate constantly, so don’t be unwilling to buy from a new company if a cheaper price is available.

Having a favorite company is fine, but we do not recommend it if that stubbornness costs you lots of hard earned cash every month. Take a few minutes and compare prices and find cheaper auto insurance for college graduates.