- Average Cost of Homeowners Insurance in Missouri (By City)
- THINGS TO REMEMBER IF YOU ARE A HOME OWNER!
- Most Common Causes of Damage That Result in Filing a Claim
- Factors That Affect The Cost of Homeowners Insurance in Missouri
- Difference between Homeowners Insurance & Mortgage Insurance
- Best Way to Save Money on Missouri Homeowners Insurance
- Homeowners in Missouri: Top Rated Insurance Companies (AM Best)
- Cheapest Homeowners Insurance In Missouri: Best Companies by City
- Best Homeowners Insurance In Missouri: Companies with the Cheapest Rates
- Frequently Asked Questions about The Best Homeowners Insurance in Missouri
- What factors should I consider when choosing the best homeowners insurance in Missouri?
- Which insurance companies offer the best homeowners insurance rates in Missouri?
- What are some tips for saving money on homeowners insurance in Missouri?
- What We Do at A Plus Insurance
Average Cost of Homeowners Insurance in Missouri (By City)
If you are new to the state of Missouri, and shopping for a new home, do some extra homework! No one loves extra homework, but this kind of homework could potentially save you hundreds! Research homeowners rates by each city. Don’t base such a big decision solely on whether you love the city, but what is the cost of living as well? Here’s the average cost you can expect to pay for homeowners insurance in your particular city. These are just averages but it will give you an idea on what the yearly cost is to cover your home.
| City | Price |
|---|---|
| Farmington | $1,205.00 |
| Lebanon | $1,238.00 |
| Clayton | $1,127.00 |
| Neosho | $1,213.00 |
| Fulton | $1,352.00 |
| Old Jamestown | $1,219.00 |
| Jefferson City | $1,219.00 |
| Hazelwood | $1,365.00 |
| Belton | $1,213.00 |
| Troy | $1,265.00 |
| Sedalia | $1,115.00 |
| Fort Leonard Wood | $1,269.00 |
| Affton | $1,319.00 |
| Crestwood | $1,239.00 |
| Cape Girardeau | $1,152.00 |
| Independence | $1,144.00 |
| Ozark | $1,281.00 |
| Manchester | $1,164.00 |
| Joplin | $1,301.00 |
| Jackson | $1,111.00 |
| Webster Groves | $1,297.00 |
| Kirkwood | $1,364.00 |
| Liberty | $1,223.00 |
| St. Louis | $1,293.00 |
| Lee’s Summit | $1,413.00 |
| Poplar Bluff | $1,419.00 |
| Lemay | $1,349.00 |
| Ballwin | $1,108.00 |
| St. Peters | $1,286.00 |
| Nixa | $1,297.00 |
| Blue Springs | $1,250.00 |
| Jennings | $1,338.00 |
| O’Fallon | $1,286.00 |
| Grain Valley | $1,187.00 |
| Oakville | $1,182.00 |
| St. Joseph | $1,196.00 |
| Festus | $1,280.00 |
| Wentzville | $1,120.00 |
| Arnold | $1,222.00 |
| Moberly | $1,361.00 |
| Florissant | $1,197.00 |
| Dardenne Prairie | $1,396.00 |
| Raymore | $1,246.00 |
| Marshall | $1,294.00 |
| Excelsior Springs | $1,389.00 |
| Springfield | $1,310.00 |
| Overland | $1,215.00 |
| Raytown | $1,139.00 |
| University City | $1,102.00 |
| St. Ann | $1,362.00 |
| Maryland Heights | $1,313.00 |
| Grandview | $1,239.00 |
| Carthage | $1,349.00 |
| Washington | $1,178.00 |
| Hannibal | $1,316.00 |
THINGS TO REMEMBER IF YOU ARE A HOME OWNER!
Most Common Causes of Damage That Result in Filing a Claim
These are common causes of damage that would result in a claim needing to be filed. Not every cause listed below is covered on every homeowners policy. That is why it is important to inform your insurance agent about concerns you have regarding certain events. Our agents are great at listening and can help give you peace of mind, knowing your home is fully protected.
| Fire | Lightning |
| Water Damage | Vandalism/Theft |
| Earth Movement | Wind |
| Power Surge | Injuries |
| Hail | Explosion |
Factors That Affect The Cost of Homeowners Insurance in Missouri
These factors are some of those that are considered when calculating your home owners insurance premium. Other factors that are not listed below include the amount of coverage desired and the age and overall condition of your home. Of course the higher the dwelling coverage the higher the premium will be. The newer the home the more expensive to insure. On the other side of the coin, so to speak, an older home that is in dire need of repairs could also prove to be costly. Your deductible choice is also a decent factor. As you might already know, a higher deductible could mean much lower rates. Play around with that deductible and see how much you could save!
| Location | Wood Burning Stoves |
| Dog breed | Previous Claims |
| Deductible | Proximity to fire station |
| Home-based business | Upgrades to Wiring & Plumbing |
| Value of home Replacement cost | Marital Status |
| Credit history | Roof Condition |
| Roof condition | Swimming Pool or Hot Tub |
Difference between Homeowners Insurance & Mortgage Insurance
What is Mortgage Insurance?
Mortgage insurance, also known as private mortgage insurance (PMI), is what protects the lender incase you default on your loan. Mortgage insurance does not offer any type of coverage for the actual home, contents, or owner.
What is Homeowners Insurance?
Homeowners insurance is what protects you and your home. Homeowners insurance does not protect the land around your home. It protects the structure, unattached structures, possessions, and gives you liability coverage incase someone were to be injured while at your home. Another benefit of homeowners insurance is if you are ever displaced from your home due to a covered loss, insurance will help with additional living expenses.
How Does Mortgage Insurance Differ From Homeowners Insurance?
Mortgage insurance is NOTHING like homeowners insurance. Homeowners insurance protects you and your home. Mortgage insurance only protects the lender in cases when you are unable or stop making payments.
Is Mortgage Insurance Required?
Mortgage insurance isn’t required by any state or law. It can however be a requirement of the lender. One factor that lenders look at when determining if a person needs mortgage insurance is the amount of down payment. Typically anything under 20% will require mortgage insurance. The good part is that when you build up enough equity some lenders won’t require it anymore.
Is Homeowners Insurance Required?
Homeowners insurance is required when you have a mortgage on your home. If your home is paid off, homeowners insurance in Missouri is not required but HIGHLY recommended. A home is a major investment and homeowners insurance is way for you to protect yourself from a potentially major financial loss.
Best Way to Save Money on Missouri Homeowners Insurance
One of the best ways to save money on your homeowners insurance in Missouri is by bundling it with other insurance. The reason insurance companies offer a discount when you bundle multiple policies is because they believe it makes you more likely to continue paying your premiums and you’ll keep doing business with them. Below is a list of common policies often bundled together.
| Auto | RV |
| Boat | Life/Health |
| Travel | Commercial/Business |
| Motorcycle | Umbrella |
Homeowners in Missouri: Top Rated Insurance Companies (AM Best)
We want the best for you and your home! Here is how the companies that offer homeowners insurance in Missouri rank against each other. Allstate Insurance is ranked well for their extended coverage options available to their customers. State Farm is the number one pick for new homeowners looking for insurance. Travelers are said to have great deductible savings. USAA is obviously the best option for military members. Liberty Mutual offers the best discounts according to their customers. Be sure to always check out what each company is known for. Then with those statistics, you can then make a great decision when weighing your options thoroughly.
Here is a list of the best homeowners insurance in Missouri according to AM Best. The higher the rating the better the company is when it comes to fulfilling financial obligations.
| Company | AM Best Rating |
|---|---|
| Auto-Owners Insurance | A |
| Farmers Insurance | A |
| Nationwide | A |
| Travelers | A++ |
| State Farm | A++ |
| American Family | A |
| Progressive | A+ |
| American International | A- |
| USAA | A++ |
| Hartford Financial | A+ |
| Allstate | A+ |
| MetLife | A- |
| Liberty Mutual | A |
Cheapest Homeowners Insurance In Missouri: Best Companies by City
Want to know how has the best price when it comes to home owners insurance? Here is a list of the lowest priced companies in your particular city. We already talked about how cities can have different rates in one state. Did you know that cities can also vary per company as well? Companies of course vary anyway when it comes to their particular rates. Some companies will have rate increases due to an influx of claims for the year. Another factor could be that one company might not offer rates in parts of a state, and could be available in another part of the state.
| City | Price |
|---|---|
| Clayton | Travelers |
| Spanish Lake | American Family |
| Dardenne Prairie | USAA |
| Rolla | Liberty Mutual |
| Webb City | American Family |
| Liberty | Travelers |
| Kirksville | Travelers |
| Fulton | Progressive |
| Excelsior Springs | Progressive |
| Lee’s Summit | American Family |
| Festus | Progressive (ASI) |
| Cape Girardeau | American Family |
| Republic | Travelers |
| Grain Valley | Allstate |
| Gladstone | Travelers |
| Springfield | Progressive |
| Manchester | Liberty Mutual |
| Florissant | Amica |
| Poplar Bluff | NationWide |
| Hannibal | Chub |
| Marshall | State Farm |
| Overland | Travelers |
| Fort Leonard Wood | Allstate |
| Arnold | Travelers |
| Sedalia | Farmers |
| Crestwood | Amica |
| Belton | Farmers |
| Affton | Liberty Mutual |
| Mehlville | Travelers |
| Moberly | Allstate |
| Grandview | Progressive |
| Webster Groves | USAA |
| Independence | USAA |
| Raymore | Travelers |
| Sikeston | Allstate |
| Carthage | Chub |
| O’Fallon | Amica |
| Nixa | USAA |
| West Plains | Chub |
| Hazelwood | Progressive (ASI) |
| Wentzville | Travelers |
| Maryville | Progressive (ASI) |
| Blue Springs | Amica |
| Lebanon | American Family |
| Joplin | Travelers |
| Kansas City | Amica |
| Old Jamestown | Farmers |
| Kirkwood | Progressive |
| Creve Coeur | Progressive |
| Ferguson | Liberty Mutual |
| St. Ann | Progressive |
| St. Joseph | Allstate |
| Wildwood | Travelers |
| Ozark | American Family |
| Warrensburg | Liberty Mutual |
| Raytown | Farmers |
| Lemay | Chub |
| Farmington | Farmers |
| Oakville | Amica |
| Maryland Heights | Liberty Mutual |
| St. Peters | American Family |
| Washington | Travelers |
Best Homeowners Insurance In Missouri: Companies with the Cheapest Rates
We ranked the best Missouri home insurance companies, that have the lowest rate premiums.
While A Plus is dedicated to providing the best and cheapest homeowners insurance in MIssouri, we may not offer every company on the list below.
| Company | Rank |
|---|---|
| Travelers | 1 |
| Allstate Corp. | 2 |
| MetLife Inc. | 3 |
| American International | 4 |
| Hartford | 5 |
| Auto-Owners | 6 |
| Farmers Insurance | 7 |
| American Family | 8 |
| Progressive | 9 |
Home and Auto Insurance Discounts
Eligibility Tips for Home and Auto Insurance Discounts
- Bundle Your Home and Auto Insurance Policies: Combine your home and auto insurance for a significant discount. Call us at 1.888.445.2793 to learn more about bundled savings.
- Maintain a Good Driving Record: Avoid accidents and traffic violations to qualify for safe driver discounts. Text Us to see if you’re eligible.
- Install Safety and Security Features: Adding security systems to your home or vehicle may reduce your premium. Call us at 1.888.445.2793 to find out how.
- Complete a Defensive Driving Course: Taking an approved course can lead to lower car insurance rates. Text Us for details.
- Demonstrate Loyalty to Your Insurance Provider: Long-term policyholders often receive loyalty discounts. Call us at 1.888.445.2793 to check your eligibility.
- Apply for Multi-Policy Discounts: Insuring multiple vehicles or combining with renters insurance can save you money. Text Us to compare rates.
- Use Low-Mileage Vehicles: Drivers with lower annual mileage may qualify for reduced premiums. Call us at 1.888.445.2793 for a free estimate.
- Qualify for a Safe Driver Discount: Insurance companies reward consistent safe driving habits. Text Us for personalized guidance.
- Ask About Occupation-Based Discounts: Some professions, like teachers or military personnel, may receive special discounts. Call us at 1.888.445.2793 for more information.
- Keep Your Credit Score High: A strong credit score can lower your insurance rates. Text Us to explore your options.
Frequently Asked Questions about The Best Homeowners Insurance in Missouri
What factors should I consider when choosing the best homeowners insurance in Missouri?
Which insurance companies offer the best homeowners insurance rates in Missouri?
What are some tips for saving money on homeowners insurance in Missouri?
For personalized advice on Missouri homeowners insurance, call us at 1.888.445.2793.
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Last Updated on by Marlon Moss