Cheapest Car Insurance Rates in 2023

Best Car Insurance Companies in Missouri

• State Farm
• American Family
• Shelter
• Progressive
• Automobile Club of Missouri
• Allstate

Auto Insurance Statistics in Missouri

In the state of Missouri, auto insurance premiums are much lower in comparison to national averages. Drivers who want to get affordable insurance rates will do well to understand how Missouri ranks in the cost of car insurance when compared with other states nationwide.

Top 10 Cheapest Car Insurance Companies in Missouri

Drunk Driving Fatalities

Drinking and driving is a dangerous practice that often proves fatal. The rate of drunk driving fatalities has fluctuated in Missouri over the years. The National Highway Traffic Safety Administration has done a tally of the number of drunk driving fatalities in Missouri vs. nationwide.

Drunk driving fatalities in Missouri from 2013 to 2017

Teen Drinking and Driving

Teen drinking and driving in Missouri is at a rate that is relatively close to the national average. It is essential for parents and teachers to warn teens about the dangers of drinking while driving. The below statistics show the percentage of Missouri teen drivers who are drinking and driving compared to national averages.

Teen Drinking & Driving in Missouri vs. Nationwide (2017)

SR-22 Insurance in Missouri

In Missouri, you might need to purchase an SR-22 insurance policy if you want to reinstate your license after a suspension. This form of insurance will need to provide a basic level of coverage for a pre-determined amount of time. In Missouri, you will typically need a policy for between one and three years — this will be dependent on the type of infraction that led to your ban.

Due to the nature of SR-22 policies, you will most likely need to pay more money to get this type of insurance. Make sure to compare the best insurers on the market before you choose which policy you are going to purchase — if you are going to require this form of insurance for the next few years, it needs to be affordable.

Car Theft in Missouri

Car thefts are an unfortunate reality and to protect your vehicle, it helps to have comprehensive auto insurance coverage. Learning about the level of car theft in Missouri will provide an idea as to how many car thefts occur.

Vehicle thefts by rank nationwide vs. Missouri

Uninsured Motorists in Missouri

There are drivers that operate motor vehicles in Missouri without obtaining auto insurance coverage. If an accident occurs with an uninsured driver, it is beneficial to have uninsured and underinsured motorist coverage. The data below demonstrates how well Missouri ranks in the total number of reported uninsured motorists in the state in the year 2015.

Percentage of uninsured drivers (Top States in 2015)

Ways to Lower Car Insurance in Missouri

Pay Your Bills on Time

Did you have any idea your credit score is a big determining factor in the rates you pay for car insurance? Insurance companies use this as a starting guideline to find out what you might owe on your insurance premiums, and they don’t take it lightly. The lower your score, the more you’ll pay each month for your insurance policy. It turns out many people who have poor credit are also more likely to file claims for their vehicles, which make them riskier customers. Insurance companies are quick to charge higher rates for this kind of driver.

Pay Upfront

When you sign a contract for a new insurance policy, you have a choice to pay a monthly bill or to pay all at once for six months or a year. Choose to pay in advance. You’ll get two discounts from the cheapest car insurance companies. Most offer a 5% discount for drivers willing to pay in advance. It might not seem like much, but it’s $5 per month for every $100 you spend. Additionally, most insurance companies charge a small fee each month to send you a bill or allow you to pay online. You can save another $5 to $10 per month on these fees if you simply pay upfront. If you do the math, you could save hundreds each year on the cost of insuring your vehicle.

Raise Your Deductible

If you can afford to pay for a higher deductible, lower your monthly bill by skipping the low deductible. You can get away with paying less if you have a larger deductible. Since many people never use their insurance, thankfully, it’s a good option for keeping costs down and making sure people are able to afford their monthly payments for car insurance.

Bundle

Do you have a home or life insurance policy? If you do, consider putting them together with your car insurance policy. Many people spread them out through different companies, but several companies offer a significant discount for drivers who keep all their policies together with one company. Compare rates with several companies to see which one is willing to offer you the best rates, the best bundle discount, and the best options. It’s not easy to move everything around, but the financial aspect of it is helpful for many people. Learn more about the benefits of doing a home and auto insurance bundle.

Consider Your Car

If you have an older car without a loan, you don’t need the fanciest insurance. If your car is not worth much money to begin with, you’re not going to need every bit of coverage available. Ask your insurance company what they recommend for drivers who have an older car. It might even be worthwhile to purchase something newer and safer. Older cars are much more expensive to insure than newer ones due to the cost of parts as well as the safety features older cars aren’t typically equipped with. This is when you start to consider looking at newer vehicles which will be a better investment in the long run.

When it’s time to compare rates with different insurance companies, don’t ignore the one you’re already with. If you’re a good customer with a long history of working with that company, they might offer you some discounts simply for being a loyal customer. Ask around, compare rates, and bring them to your current insurance agent to see if they can match or beat those rates to make your premium more affordable.

Types of Auto Insurance Coverage in Missouri:

• Comprehensive Insurance Coverage
• Bodily Injury Liability Insurance
• Uninsured/Underinsured Motorist Bodily Injury Insurance
• Uninsured Motorist Property Damage Insurance
• Property Damage Liability Insurance

Minimum Requirements For Car Insurance in Missouri

There are minimum requirements for car insurance in the state of Missouri. According to The   Missouri Department of Revenue, it is mandatory to have liability coverage as well as uninsured motorist coverage for every registered driver who is operating a vehicle in the state.

Liability Coverage minimums for the state of Missouri:

• $10,000 for property damage
• $20,000 per individual to cover bodily injury or death
• $50,000 per accident involving bodily injuries or deaths

Uninsured Motorist minimum:

• $25,000 per individual
• $50,000 per accident

Source:  Missouri Department of Revenue

Cheap Auto Insurance Discounts

Car insurance discounts can help you to save monthly and yearly on the cost of car insurance in the state of Missouri. If you are trying to find other ways to save on the price of car insurance, browse the list of automotive insurance discounts below. Often these discounts aren’t advertised but by getting car insurance quotes online, drivers can get access to great discounts for the best savings.

• Anti-theft discount
• Mature driver discount
• Military or Veteran discount
• Bundling insurance policies discount
• Senior citizen discount
• Car safety features discount
• Good student discount
• Defensive driving discount
• Low-mileage discount
• Multi-car auto insurance discount
• Infrequent usage discount

FAQ

General Auto Insurance in Missouri

In this section, you will find general questions to standard auto insurance coverage in Missouri.

Common Auto Insurance Coverage in Missouri

In this frequently asked question section, you will find answers to common auto insurance coverage questions in Missouri.

Auto Insurance Rates in Missouri

In this section, you will find frequently asked questions pertain to the average auto insurance rates in Missouri.

Lack of Insurance in Missouri

In this frequently asked question section, you will find common questions pertaining to lack of insurance in Missouri.