Cheap Car Insurance

Cheaper Rates Today in MO

Car Insurance in Missouri

  • Compare cheap car insurance quotes in MO.
  • Get the cheapest car insurance from top companies like Allstate, Progressive, and more!
  • Save hundreds a year on your Missouri car insurance.

Cheap Car Insurance

Cheaper Rates Today in MO

Car Insurance in Missouri

  • Compare cheap car insurance quotes in MO.
  • Get the cheapest car insurance from top companies like Allstate, Progressive, and more!
  • Save hundreds a year on your Missouri car insurance.

Cheap Car Insurance Companies In Missouri

The average semiannual cost of car insurance in the state of Missouri is $836.36. An insured premiums are influenced by more variables than purely their place of residence. Car insurance underwriters calculate auto insurance rates after assessing a range of criteria such as the policyholder’s age, driving record, marital status, and credit rating. We examined typical car insurance costs in Missouri across each of the predominant rating factors. We aim to provide consumers insight to identify a car insurance policy that meets their needs and budget.

CompanySemi Annual Permium
State Farm$804.50

*Data Methodology – Updated 3/2/2024

The Missouri car insurance rates are based on a 35-year-old male with the most popular car (Honda Accord) living in MO. The Quote is for full coverage with comprehensive at $500 deductible and collision at $500 deductible.

Missouri Minimum Liability Coverage

Missouri state law requires all vehicle owners to carry a minimum amount of auto insurance coverage. This minimum coverage includes:

Bodily Injury Liability coverage of $25,000 per person and $50,000 per accident. Bodily injury liability coverage pays for injuries that you cause to other drivers or passengers in an at-fault accident.

Property Damage Liability coverage of $10,000. Property damage liability coverage pays for damages to other vehicles and property that you cause in an at-fault accident. This includes repair costs, diminished value of the vehicle, and lost wages due to a totaled vehicle.

Uninsured Motorist coverage of $25,000 per person and $50,000 per accident. Uninsured motorist coverage pays for injuries to you and your passengers if you are in an accident caused by a driver who does not have insurance or has inadequate insurance.

Underinsured Motorist coverage of $25,000 per person and $50,000 per accident. Underinsured motorist coverage pays for injuries to you and your passengers if you are in an accident caused by a driver with liability insurance limits that are too low to fully cover the damages.

Medical Payments coverage of $1,000 per person. Medical payments coverage pays for medical expenses for you and your passengers regardless of fault in the accident.

Penalties for Driving Without Insurance in Missouri

In the state of Missouri, driving without insurance is a serious offense that can lead to heavy penalties. All motor vehicles operated on public roads are required by law to carry minimum liability insurance coverage. Those who fail to comply face penalties imposed by both the state and local authorities.

The minimum penalties for driving without insurance in Missouri include:

  • A fine of up to $500 for a first offense and up to $750 for subsequent offenses. Fines increase with each additional violation.
  • Six points assessed against your driving record by the Missouri Department of Revenue. Drivers who accumulate 12 points within an 18-month period are subject to a license suspension.
  • Possible jail time. While rare for a first offense, judges can sentence violators to up to one year in jail for egregious or repeat offenses.
  • Vehicle impoundment. Local police have the authority to immediately impound your vehicle if you are caught driving without insurance. You may only reclaim your vehicle after showing proof of valid insurance coverage.

Auto Insurance Rates in Missouri

Auto insurance rates in Missouri are determined by a number of factors that impact an individual driver’s risk profile. Insurance companies evaluate these criteria to assign appropriate premiums to their policyholders.

Some of the main factors that affect auto insurance rates in Missouri are:

  • Driving history – Violations, accidents, and traffic tickets on a driver’s record significantly impact premiums. The more serious the violation, the higher the rates tend to be. Insurance companies often look back three to five years when assessing a driver’s record. A clean driving history for an extended period can help lower premiums over time.
  • Age – Younger and older drivers typically pay higher auto insurance rates due to their higher risk of accidents. Teen drivers especially face steep premiums due to their inexperience and higher accident rates.
  • Vehicle model – More expensive vehicles that are costly to repair tend to carry higher insurance rates. Sports cars and luxury vehicles also have higher rates due to their performance and increased risk of theft.
  • Location – Where you live and keep your vehicle has an impact on rates. Urban areas with higher rates of theft, vandalism, and accidents tend to have higher premiums.
  • Coverage limits – Higher liability coverage limits and adding optional coverages like collision and comprehensive insurance increase insurance rates. The minimum required coverage in Missouri is 25/50/10.

Low Cost Car Insurance Programs and Discounts in Missouri

Car insurance is required by law in Missouri, but premiums can vary widely based on your driving history, credit score, age, and other factors. However, there are several ways you can qualify for lower rates or even free or reduced-cost insurance.

  • Safety courses: Many insurance companies offer discounts for drivers who complete approved safety courses. These courses teach defensive driving techniques that can reduce the likelihood of accidents, leading to lower premiums. Missouri law requires insurance companies to offer a discount of at least 5% for completing a safety course.
  • Good student discounts: Students under 25 who maintain good grades, such as a B average or higher, may qualify for discounts of up to 25% from some insurers. Students must provide report cards or transcripts to verify their eligibility.
  • Multi-policy discounts: Bundling your auto and homeowners insurance with the same company can save you money, as companies offer discounts of 5% to 15% for multi-line customers.
  • Low-mileage discounts: If you drive fewer than 7,500 miles per year, many insurers will offer a discount since you are deemed a lower risk. You may need to track your mileage for a period and submit documentation.
  • Anti-theft devices: Installation of anti-theft devices like alarms, immobilizers and location trackers can qualify you for premium reductions of 5% to 10% with some companies.

Missouri Car Insurance Statistics

The average annual premium for full coverage car insurance in Missouri is $1,011. Full coverage includes collision, comprehensive, bodily injury, property damage, uninsured motorist, and other optional coverages in addition to the state minimum liability limits.

Several factors impact car insurance rates in Missouri, including:

  • Driving record
  • Credit score
  • Vehicle make and model
  • Mileage driven annually
  • Marital status
  • Location

Drivers can often save money on car insurance by maintaining a clean driving record, improving their credit score, driving less annually, and choosing a vehicle that is less expensive to insure. Bundling auto and homeowners insurance with the same company may also provide discounts.

The 10 Largest Missouri Car Insurance Companies

Missouri drivers have plenty of options when it comes to choosing a car insurance provider. Here are the 10 largest car insurance companies in Missouri based on premium volume:

  1. State Farm – State Farm is the largest auto insurance provider in Missouri, with over 1 million auto insurance policies in force and a 26% market share. State Farm is known for affordable rates, multi-policy discounts, and a good claims process.
  2. Progressive – Progressive has the second largest market share at 15%. Progressive stands out for its name recognition, wide range of coverage options, and good customer service. Rates tend to be in the mid-range compared to competitors.
  3. Farmers – Farmers Insurance has about an 11% market share in Missouri, making it the third largest provider. Farmers is known for multi-policy discounts, bundling home and auto insurance, and a network of local agents.
  4. American Family – American Family Insurance has a 9% market share in Missouri. It is known for a good customer experience, including claims satisfaction and local agent service. Rates offered by American Family tend to be on the higher side.
  5. GEICO – GEICO has over 8% of the Missouri auto insurance market. It is known for having some of the most affordable rates but limited customer service options since it operates primarily online and by phone.
  6. Allstate – Allstate has around 7% market share in Missouri. It offers a wide range of coverage options, multi-policy discounts, and has a network of local agents to assist with insurance needs.
  7. Shelter Insurance – Shelter is a Missouri-based insurer with over 6% of the market. It is known for offering affordable rates to Missouri drivers and having a local presence through its network of agents across the state.
  8. Mercury – Mercury Insurance has a small but growing presence in Missouri with a market share of around 4%. It focuses on providing affordable auto insurance rates and good customer service.
  9. Nationwide – Nationwide has a market share of around 3% in Missouri. It provides coverage through local agents and offers multi-policy discounts, bundling options and higher liability limits.
  10. Liberty Mutual – Liberty Mutual rounds out the top 10 largest auto insurers in Missouri with about 2% of the market. It is known for offering higher liability limits and a variety of discounts.​