Cheapest Car Insurance In Missouri For 2024

For Missouri drivers looking for affordable car insurance, Progressive is a standout provider. Offering competitive rates and reliable service, it provides excellent value for liability-only and full-coverage plans. This guide reviews various insurance options, focusing on affordability.

With more than ten years of experience analyzing insurance, I’ve carefully evaluated the top companies to bring you helpful insights. My research is thorough, examining every relevant factor to ensure you get the most important details.

Cheapest Car Insurance In Missouri For Minimum Coverage

For Missouri residents, Progressive offers the cheapest auto insurance policy, priced at an average of $42 per month.

Missouri minimum car insurance offers essential coverage that complies with state regulations. This basic policy includes Personal Injury Protection (PIP), which covers medical costs and lost wages for you and your passengers, and Property Damage Liability (PDL), which covers property damage to others if you’re responsible for an accident. While it’s cost-effective and meets legal requirements, this type of insurance has limitations in serious accidents and may not offer full protection.

Minimum coverage meets state regulations and provides essential protection, but it does not include the comprehensive benefits offered by more extensive insurance plans. This means it does not cover collision or comprehensive insurance, leaving drivers liable for damages to their vehicle in accidents, theft, or natural disasters. Hence, drivers should evaluate their own needs and consider additional coverage beyond the minimum requirements for sufficient protection.

Cheapest Car Insurance In Missouri For Young Drivers

Car insurance rates are often elevated for young drivers, especially teenagers, due to their lack of experience on the road. Insurance providers classify inexperienced drivers as high-risk, citing data that consistently shows a higher incidence of accidents and traffic violations among this age group. This heightened risk leads to higher premiums as insurers seek to cover potential claims costs arising from these novice drivers. The rates for 16-year-olds, who are usually just starting their driving journey, can be particularly high.

Teenagers who are new to driving are still developing their road awareness, reaction times, and decision-making skills in various traffic conditions, all of which are essential for safe driving. Nevertheless, there are positive opportunities for young drivers seeking affordable insurance options. Certain insurance companies understand the need to offer more economical solutions for new drivers. These insurers may provide special programs or discounts designed for young drivers, such as discounts for good academic performance or completing certified driver education courses. These efforts not only increase insurance accessibility for teenagers but also promote responsible driving and the development of superior driving skills.

Cheapest Missouri Car Insurance For 16-Year-Olds

Looking for the most affordable car insurance for a 16-year-old? Travelers offers coverage for just $355 monthly.

Cheapest Missouri Car Insurance For 17-Year-Olds

Missouri Farm Bureau car insurance options are particularly economical for 17-year-olds, averaging $2,782 annually.

Cheapest Missouri Car Insurance For 18-Year-Olds

USAA provides reasonably priced auto insurance plans for 18-year-olds, averaging $1,750 annually.

Cheapest Missouri Car Insurance For 21-Year-Olds

Car insurance through USAA for 21-year-olds costs roughly $1,126 annually, offering a budget-friendly option.

Cheapest Car Insurance In Missouri For Drivers With Poor Credit

Travelers offers the cheapest auto insurance, costing $1,558 per year, ideal for those with bad credit.

When determining car insurance premiums, credit scores play a vital role in how insurers assess risk. Drivers with lower credit scores are seen as more likely to file claims, which makes them high-risk customers in the eyes of insurers and leads to higher premiums. As a result, those with poor credit usually face steeper insurance costs compared to drivers with better credit. Credit scores are used to evaluate not only a driver’s reliability but also their financial stability and management capabilities.

Despite the overall trend, there are options in the insurance market for drivers with less-than-ideal credit histories. Some insurance companies have adapted their services to cater to this demographic, offering competitive rates that do not disproportionately penalize poor credit compared to standard policies. These insurers take a broader approach to risk assessment, looking at factors like driving history, location, and the type of vehicle insured. For drivers facing challenges due to lower credit scores, it’s important to explore different options and compare auto insurance quotes from these specialized insurers. They may find more accommodating pricing structures that make car insurance more accessible despite credit difficulties.

Cheapest Car Insurance In Missouri For Full Coverage

If you’re after affordable full coverage car insurance, Travelers tends to have the lowest rates, averaging $85 per month.

Full coverage auto insurance provides comprehensive protection compared to minimal coverage, making it a preferred choice for many drivers. It generally includes both comprehensive and collision insurance, offering robust protection. Comprehensive insurance covers non-collision incidents such as theft, vandalism, and natural disasters, while collision insurance covers vehicle damage in accidents, regardless of fault.

This two-tiered strategy guarantees that drivers receive protection in a broad range of situations, including accidents and unforeseen environmental damage. Full coverage is especially recommended for owners of newer or high-value vehicles, as these often require more expensive repairs or replacements. Although it comes at a higher cost than minimum coverage, full coverage provides significantly enhanced protection. For owners of newer or pricier vehicles, this insurance is essential to secure their investment.

Cheapest Car Insurance In Missouri For Good Drivers

Progressive offers economical car insurance for those who drive responsibly.

Proficient drivers with unblemished driving records often qualify for lower car insurance premiums. Insurance companies evaluate risk based on a driver’s past behavior; those without violations or accidents are viewed as low-risk. This favorable risk assessment stems from a demonstrated history of responsible and safe driving, suggesting a lower likelihood of future claims. Hence, insurers are more inclined to offer these drivers better premiums, reflecting the reduced financial risk they represent. For drivers who consistently obey traffic laws, prevent accidents, and exhibit careful driving behavior, this results in significant savings on their car insurance premiums over time.

Cheapest Car Insurance In Missouri For Drivers With Prior Incidents

Drivers in Missouri who have a history of accidents, speeding tickets, or DUIs often find it difficult to secure affordable car insurance because insurers consider them high-risk. This classification is based on the likelihood of these drivers making future claims, resulting in higher premiums. This issue is particularly prominent in Missouri, where the frequency of traffic incidents surpasses that of other states. Insurers determine their pricing strategies through statistical analyses and risk assessments, which reveal a connection between past driving incidents and an increased probability of future claims.

Cheapest Car Insurance In Missouri For Drivers With A Speeding Ticket

With an average premium of $134, State Farm is the most cost-efficient choice for those with a speeding citation.

Cheapest Car Insurance In Missouri For Drivers With An At-Fault Accident

With an average premium of $145, State Farm is the most cost-efficient option for those involved in an at-fault accident.

Cheapest Car Insurance In Missouri For Drivers After A DUI

For drivers with a DUI, Progressive average premium of $200 is the most cost-efficient option.

Cheapest Car Insurance In Missouri For Seniors

American Family insurance plan for seniors is competitively priced at about $838 annually.

In Missouri, older adults can find advantageous car insurance rates due to various factors working in their favor. While there’s a perception that age might affect driving abilities, many seniors sustain strong driving records. Insurance companies often lower rates for experienced senior drivers with clean records and minimal accidents.

Furthermore, some insurance firms acknowledge the maturity and experience that aging brings, perceiving senior drivers as responsible and less inclined toward risky driving behaviors. They further appeal to senior drivers by offering discounts specifically designed for this age group, taking into account factors such as age, frequency of vehicle use, and completion of senior driver safety courses. Many insurers actively promote defensive driving courses for seniors and may offer discounts upon completion. These courses aim to refresh driving skills and promote safer driving behaviors.

Average Cost Of Auto Insurance In Missouri – By Age

Average Cost Of Car Insurance In Missouri – By Gender & Marital Status

Average Cost Of Auto Insurance In Missouri – By Credit Tier

Cheapest Car Insurance In Missouri By City

Minimum Car Insurance Requirements In Missouri

In Missouri, drivers must meet minimum car insurance coverage requirements:

• PIP: $25,000 per accident
• Property damage liability: $25,000 per accident

Missouri law mandates that all drivers maintain a certain level of car insurance coverage to legally operate their vehicles. This requirement is grounded in the Financial Responsibility Law and No-Fault Law, which aim to ensure drivers can handle accident costs with mandatory coverages like Personal Injury Protection (PIP) and Property Damage Liability (PDL).

Under Missouri no-fault insurance law, Personal Injury Protection (PIP) is essential. This coverage, with a minimum of $25,000, pays for medical expenses for you and your passengers after an accident, no matter who was at fault. It also provides benefits for lost wages and death. Property Damage Liability (PDL), which is also required, covers up to $10,000 for damage to other people’s property caused by the policyholder, but does not cover the policyholder’s own vehicle damage.

Car Insurance Discounts In Missouri

When looking for car insurance, consider providers that offer discounts tailored to your needs. Consulting with your insurance agent can also help you discover discounts you may not be using. Here are some standard discounts available from leading insurance companies:

• Multi-policy: Bundling multiple policies with one company can lead to savings.
• Multi-vehicle: Insuring several vehicles on one policy or combining auto policies can earn you a discount.
• Military: Discounts for both veterans and active military personnel.
• Senior: Often available for drivers aged 55 and older.
• Homeowners: Homeowners may qualify for a discount.
• Good student: For students under 25 who maintain a B average.
• Good driver:Discounts for maintaining a clean driving record.
• Defensive driving: Earn a discount by completing an approved defensive driving course.
• Driver training: Discounts for taking a driver education course.
• New car: Vehicles typically no older than three model years often qualify for discounts.
• Safe car: Cars equipped with safety features like anti-theft technology may receive discounts.
• Paperless: Opt for electronic documentation to get a discount.
• Pay-in-full: Save on your premium by paying the full amount up front.