Who Has the Cheapest Auto Insurance Quotes for Retired Military in Missouri?

When the topic is auto insurance, the words “cheap” or “affordable” should never be used anywhere in the article to describe car insurance rates. The fact is, cheap car insurance for retired military may be a thing of the past. But fear not, because we will show you how you can still find and buy car insurance that is more affordable than your current policy.

The car, truck, or SUV requiring coverage is probably the most important factor that determines if you can find the cheapest car insurance for retired military in Missouri. Vehicles with higher performance characteristics, poor passenger safety features, or a track record of large liability claims will cost substantially more to insure than safer models.

The data below estimates car insurance rates for some of the cheaper automobiles to buy insurance for.

Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Table data does not factor in specific zip code location which can modify premiums noticeably.

Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Prices do not factor in Missouri location which can change coverage prices significantly.

Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Prices do not factor in specific location which can revise coverage rates considerably.

Finding good, cost effective insurance is not the easiest thing to accomplish, and deciding which company offers the lowest-priced car insurance rates for retired military will involve even more diligence. Each insurance company uses their own calculation to determine premium rates, so we’ll take a look at the most budget-friendly car insurance companies in Missouri.

Cheap Insurance Rates for Vets

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USAA generally has some of the cheapest car insurance rates in Missouri at around $648 per year. The Hartford, Electric, Allied, and MO Farm Bureau are also some of the lowest-priced Missouri insurance companies.

As depicted above, if you currently have coverage with Allied and switched to USAA, you might see a yearly price reduction of upwards of $219. Drivers with MO Farm Bureau may save as much as $373 a year, and Auto-Owners customers might lower prices by $379 a year.

To find out how much you can save, click here to start your custom quote or click through to the companies below.

Bear in mind that those policy prices are averages for all ages of drivers and types of vehicles and and are not figured with a price decrease for retired military. So the company that can offer you the best price may not even be included in the above list. That points out the importance of why you need to quote rates from many companies using your own specific driver and vehicle information.

Liability only or full coverage

Finding the cheapest car insurance for retired military in Missouri is important to most people, and a good way to save on the cost of insurance is to not pay for full coverage. The chart below compares insurance prices with full physical damage coverage compared to only buying liability only. The premium estimates are based on no violations or claims, $100 deductibles, single marital status, and no discounts are applied.

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If we average all the age groups together, physical damage coverage costs $1,532 per year over and above liability coverage. Many of you may wonder when is it a good idea to stop buying full coverage. There is no clear-cut formula to delete comp and collision coverage, but there is a general convention. If the yearly cost for physical damage coverage is 10% or more of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let’s say your vehicle’s book value is $10,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $9,500 after the deductible is paid. If you are paying over $950 a year for physical damage coverage, then you might want to think about dropping full coverage.

There are some circumstances where removing full coverage is not financially feasible. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not opt for liability only.

Find the cheapest car insurance for retired military in Missouri

The list below shows some of the better money-saving suggestions that can help drivers buy lower-cost car insurance.

• Avoid filing small claims
• Remove physical damage coverage on older vehicles
• Drive vehicles with five-star safety ratings
• Bundle home or renters insurance to earn a discount on car insurance
• Increase your policy deductibles
• Good credit scores may make rates cheaper
• Compare rates regularly and switch companies to save money

That final tip is certainly critical, as was pointed out in the prior article. Auto insurance prices in Missouri change frequently, so don’t be tentative to change insurance companies if you find a better deal. Being loyal to a particular company is commendable, but is isn’t recommended if that loyalty results in overpaying lots of money. In less than five minutes you could compare rates and find cheaper auto insurance for retired military.

Who has the cheapest insurance quotes for veterans?

You have many ways to shop for and buy car insurance in Missouri, but the most prevalent are from an exlusive agent like Allstate or Liberty Mutual, a non-exclusive or independent agent, or from a direct company like Geico.

They all have the same basic principle, but each is slightly different in how they provide rate quotes.

Independent agencies can place your business with multiple companies and can get rate quotes from all of them. These types of agencies have the ability to give you more rate choices, which can help you get the best chance of saving money. If the agent locates a cheaper price, it’s simple to move the policy and you won’t have to switch agencies.

A captive, or exclusive, agent is only able to place business with just one company, a couple examples are Allstate and Liberty Mutual agents. Exclusive agents cannot provide multiple price quotes, so you will not be able to compare other companys’ rates.

The last way is buying direct, which means you skip the middleman (the agent) and instead shop buying direct from a company like Geico or Esurance. Buying car insurance direct may be a decent choice people who do not need high amounts of coverage and have an above average understanding of how car insurance works and possible exclusions.

So which of those three methods works best for finding the cheapest car insurance for retired military in Missouri? We wish we could say buying from a direct company yields the cheapest rates because you bypass the agent, but that generally is not the case. An argument could also be made that using an independent agent can save the most money since they can provide multiple quotes, but that assumption is also not necessarily accurate. In many circumstances, the exclusive agents have really good rates that cannot be beaten by either independent or direct companies.

Due to that fact that car insurance uses so many rating variables, really the best method to get the lowest rate is to get as many comparison quotes as possible. Industry experts recommend getting quotes from all three to give yourself enough choices. We compiled a list of companies with some of the cheapest online rates that you can click here to view.