Missouri’s average auto insurance rates fall towards the low end of the spectrum when compared to rates across the country; Missouri drivers pay on average more than $200 less per year for their coverage than the national average, and that is good news.
It is possible to pay much less than the state average as well, with a little research, and to make sure you are also getting the best coverage for the best price.
The Basics of Auto Insurance in Missouri
Missouri has financial responsibility laws, like all states, that mandate the minimum amount of coverage that is required in order to be on the road legally. These laws ensure that drivers are able to pay for damages if they are found to be at fault in an accident.
The minimum amount of liability insurance required in Missouri is $25,000 per person and $50,00 per incident for bodily injury, along with $10,000 for property damage. These amounts are about average when compared to other insurance laws across the nation.
For those who prefer not to carry insurance, Missouri allows the option of filing a financial responsibility certificate. This means that the driver has provided at least $60,000 in the form of a surety bond, real estate bond, or a deposit of either cash or negotiable securities such as stocks and bonds. Self-insurance is also permitted as an option, but this applies only to companies and religious organizations.
There are no further requirements on the books in terms of laws, but if you do have a loan or lease on your vehicle, you will be subject to lender requirements. Usually, this means you will need to carry comprehensive coverage and collision coverage on your vehicle; it may also include deductible limits or even further requirements for liability coverage. Check with your lender to find out what insurance requirements they have that you need to meet.
The Specifics of Missouri Auto Insurance
Missouri car insurance works like most other states, with no unusual laws to be aware of. Missouri operates as a Comparative Negligence state, which means that percentages of fault will be assigned to drivers after an accident, ranging from 100-0 to 50-50.
Drivers who are found at fault in an accident can be held financially responsible for their portion of the damages, and a driver who is found 100% at fault will be held responsible for the entire cost of injuries and property damage in the accident. A driver can be taken to court and sued for damages, and this can easily go beyond the limits of a base level insurance policy. As a result, Missouri drivers are strongly urged to carry higher limits.
Our search for the best car insurance companies in Missouri started with a look at which companies operating in the area have the best reputation. We looked at trustworthy sources of consumer information, including J.D. Power’s rankings and Better Business Bureau (BBB) ratings. We also looked at consumer reviews and complaints to get a feel for how customers of the companies rate them directly. All of the companies that made our list have an overall good reputation for customer service, and also rank highly in terms of how claims are handled.
As most drivers are concerned about rates, we looked for companies that offer a great deal on their insurance policies. While we looked at those with the highest rates, we also cross-referenced that information with company rankings to ensure we recommend not just the least expensive but the best insurance at the best price. We looked for companies that also offer a lot of opportunities for discounts, to help make rates even more reasonable.
We chose companies that provide coverage to the widest possible population. That means that while some companies with specific eligibility requirements may be a great choice for insurance (and well worth a look if you qualify), we only listed the top companies whose doors are open to the general public. This means whether you live in the city or the country, these insurers can meet your needs.
Our Top Picks
All of the three companies below are a great choice for Missouri drivers, offering comprehensive coverage at a great rate.
GEICO has grown in recent years to the position of the second largest car insurance company in the nation, and they are also a top pick for Missouri. They offer some of the best rates in the state across the board, regardless of where you live or your record.
GEICO also comes with a solid reputation, ranking well in J.D. Power’s regional survey as well as nationwide. They are a top pick for those who want to take care of their insurance on the go, with a top-rated mobile app and online services that take out the middle man (no agents).
Top-ranked in both the regional survey and the nationwide claims satisfaction survey by J.D. Power, Auto-Owners Insurance is a solid choice for drivers in Missouri. Their reputation for taking care of customers is hard to beat, especially when it comes to the true test of an insurance company – claims.
Auto-Owners offers bundling discounts on rates that are competitive across the state, combining good rates with great service to make them one of the best values in car insurance for Missouri.
With some of the best bundling discounts available anywhere, State Farm comes in with rates that are surprisingly competitive for a company that uses a captive agent model. In fact, they are consistently among the better-priced choices in Missouri for all types of drivers, and discounts can bring that down even more.
They also enjoy a solid reputation, ranking well in customer satisfaction surveys and holding the top spot nationwide for market share – that means more drivers choose State Farm for their insurance than any other company in the country.
Shopping for Car Insurance in Missouri
Missouri has plenty of big-name companies to choose from and they tend to rank really well for drivers in the state. That can cause some of the smaller companies to fly under the radar, and certainly does not mean that a smaller company might not be right for you. When shopping for insurance, it is always a good idea to compare some smaller local choices with the big names for a fair look at rates across the board. A local independent agent can help you to do this.
Before you shop, make sure you know what kind of coverage you want. Missouri’s base level liability coverage is not enough to adequately protect you in the event of even a moderately serious accident; injury and property damage costs can rise quickly. Consider what would happen in the event that you are at fault in an accident where a brand-new car, even a budget car, is a total loss. $10,000 will not be enough. Shopping for higher limits from the start allows you to get quotes that provide you with really good coverage rather than comparing rates on bare-bones policies.
The Bottom Line
Some of the biggest names in car insurance offer the best deal on car insurance for Missouri drivers, which can help make shopping easier. It is always worthwhile, however, to compare as many companies as possible – be sure you’ve reviewed a company’s reputation before you are swayed by a great rate.
For a list of companies that we recommend, visit our Best Insurance Companies page.