Cheapest Car Insurance for Safe Drivers in Missouri

One of the key criteria that aid in calculating the amount you pay each year for auto insurance is where you choose to live. Areas with more people or even just a higher incidence of claims like Saint Louis, University City, and Raytown will most likely have higher rates, whereas areas with less people or fewer weather incidents tend to receive cheaper rates.

The next table lists the highest-priced areas in Missouri for safe drivers in which to buy car insurance.

Information shown are comparative as the specific zip code location can raise or lower insurance rates considerably.

The type of vehicle you are insuring is one of the largest considerations when comparison shopping for the cheapest car insurance for safe drivers in Missouri. Vehicles with economical engines, advanced safety features, or a track record of few liability claims will cost less to insure than fast, unsafe models.

The information below illustrates coverage costs for a number of the most cost-effective vehicles to insure in Missouri.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Information does not factor in specific zip code location which can modify coverage rates substantially.

Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Rate quotes do not factor in vehicle garaging location which can affect coverage rates substantially.

Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Table data does not factor in specific zip code location which can revise coverage rates noticeably.

Finding reliable, budget auto insurance is not always easy, and deciding which company has the cheapest car insurance rates for safe drivers calls for a bit more work. Premiums will most likely be slightly lower-priced than the average price in Missouri, with the decrease attributed to the lower risk that goes along with offering insurance for good drivers. Economical insurance should be readily available from many preferred companies.

Each company has a unique approach for filing rates in each state, so let’s begin by taking a look at the car insurance companies that tend to have lower prices in Missouri. Keep in mind that Missouri car insurance rates are impacted by many things that may substantially change the price of coverage. Improving your credit score, moving to a different location, or getting a ticket for careless driving may prompt premium changes that can cause some rates to be more expensive than competitors.

Best Car Insurance Prices for Safe Drivers

Compare Rates Now

USAA may offer some of the best car insurance rates in Missouri at around $648 per year. The Hartford, Electric, Allied, and Travelers would also be considered some of the most economical Missouri car insurance companies.

As shown in the rates above, if you have coverage with Allied and switched to USAA, you might realize an annual premium reduction of roughly $227. Customers with Travelers may save as much as $350 a year, and Auto-Owners customers might cut rates by $379 a year.

Understand that those premium estimates are averaged for all drivers and vehicles and do not take into consideration a price discount for safe drivers. So the auto insurance company that has the cheapest price for you may not even be in the chart above. That points out the importance of why you need to compare rates from multiple companies using your own driver data and vehicle information.

Full coverage rates vs. liability-only in Missouri

Finding the cheapest car insurance for safe drivers in Missouri is important to the majority of people, and one of the quickest ways to save on the cost of insurance is to not pay for full coverage. The chart below visualizes the comparison of car insurance rates with full physical damage coverage compared to only buying liability only. Data assumes no accidents or driving violations, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.

If we average the cost for all age groups, full coverage on your policy costs an additional $1,518 per year more than insuring for liability only. That amount may make you wonder when is it a good idea to stop buying full coverage. There is no written rule for excluding physical damage coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your vehicle’s book value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after the policy deductible has been paid. If you are paying in excess of $200 annually for comprehensive and collision coverage, then it could be time to drop full coverage.

Finding a high-quality auto insurance company is hard considering how many different companies there are to choose from in Missouri. The ranking data in the lists below can help you choose which auto insurers you want to consider shopping prices with. These ratings are for the largest auto insurers in America, so companies that have a smaller presence are not included in the list.

Top 10 Major Auto Insurance Providers in Missouri Ranked by A.M. Best Rating

1. USAA – A++
2. GEICO – A++
3. Travelers – A++
4. State Farm – A++
5. Esurance – A+
6. Allstate – A+
7. The Hartford – A+
8. Nationwide – A+
9. Progressive – A+
10. The General – A-

Top 10 Major Auto Insurance Providers 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

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

When comparing car insurance for good drivers, four of the larger companies to compare rates for are Progressive, Allstate, State Farm, and Geico. When combined, they have 48.5% of the entire U.S. auto insurance market. The data below breaks down ratings for price and service, as well as some optional coverages that are available for customers.

Who has the cheapest insurance quotes for good drivers?

Thanks to technology, there are a lot of ways to buy car insurance in Missouri, but the most frequently used ways are using an exclusive agency like Allstate or Auto-Owners, a non-exclusive or independent agent, or direct from companies such as Progressive or Geico. You can use whichever method you prefer, but it’s important to point out the distinctions in how they provide rate quotes.

Independent insurance agencies write business for many companies and can get rate quotes from each one. These types of agents will provide you with more rate quotes, which can give you improved odds of finding cheaper coverage. If your agent finds a cheaper company, it’s easy for the agent to move the policy and that require little work on your part.

An exlusive, or captive, agency is restricted to quoting rates for just one company, examples being Allstate or Farmers Insurance agents. Exclusive agents are unable to provide rate quotes from other companies, so drivers will want to get other quotes as well.

The last way is buying direct, which means you forego local insurance agents and instead shop buying direct from a company like Progressive or Esurance. This option is a good choice for drivers who do not need risk management and have an above average understanding of what car insurance covers.

Which method is best to buy the cheapest car insurance for safe drivers in Missouri? Most people would assume that buying direct yields the cheapest rates because there is no agent taking a commission, but unfortunately, that is not always true. A valid argument could also be made that buying car insurance from an independent agent guarantees the lowest rates because you have more choices, but that assumption is not true either. And often times, the exclusive agents have extremely competitive rates that are the lowest in Missouri.

Because there are so many factors that make up car insurance rates, the only real way to ensure you are not overpaying for car insurance is to get quotes and compare. If you have the time, get prices from all three in order to find the best price. For a list of companies with online discounts, click here to view.