Missouri Homeowners Insurance

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Homeowners Insurance in Missouri

Missouri Home Owners Insurance

Did you know Missouri is supposedly the place where ice tea was invented? What’s more refreshing than ice tea on a hot day? Affordable homeowners rates. While A Plus Insurance can’t claim to have invented any sweet drinks, we can claim to help you save on your 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.

 
Click Here to View Average Cost by City

CityPrice
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
Cheapest Homeowners Insurance in Missouri

Homeowners Insurance in Missouri

THINGS TO REMEMBER IF YOU ARE A HOME OWNER!

Homeowners Insurance In Missouri
Know the difference between actual cash value and replacement cost value? Check out our helpful guide!

Homeowners Insurance in Missouri

Most Common Causes of Damage That Result in Filing a Claim

Fire Lightning
Water Damage Vandalism/Theft
Earth Movement Wind
Power Surge Injuries
Hail Explosion
Missouri Home Insurance

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!

LocationWood Burning Stoves
Dog breedPrevious Claims
DeductibleProximity to fire station
Home-based businessUpgrades to Wiring & Plumbing
Value of home Replacement costMarital Status
Credit historyRoof Condition
Roof conditionSwimming Pool or Hot Tub
Best Homeowners Insurance In Missouri

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, it 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.

Cheapest Homeowners Insurance in Missouri

Best Way to Save Money on 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

Best Homeowners Insurance 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 aganist 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.

CompanyAM Best Rating
Auto-Owners InsuranceA
Farmers InsuranceA
NationwideA
TravelersA++
State FarmA++
American FamilyA
ProgressiveA+
American InternationalA-
USAAA++
Hartford FinancialA+
AllstateA+
MetLifeA-
Liberty MutualA
Best Homeowners Insurance in Missouri

Homeowners Insurance in Missouri

Cheapest Homeowners Insurance Company (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.

CityPrice
ClaytonTravelers
Spanish LakeAmerican Family
Dardenne PrairieUSAA
RollaLiberty Mutual
Webb CityAmerican Family
LibertyTravelers
KirksvilleTravelers
FultonProgressive
Excelsior SpringsProgressive
Lee’s SummitAmerican Family
FestusProgressive (ASI)
Cape GirardeauAmerican Family
RepublicTravelers
Grain ValleyAllstate
GladstoneTravelers
SpringfieldProgressive
ManchesterLiberty Mutual
FlorissantAmica
Poplar BluffNationWide
HannibalChub
MarshallState Farm
OverlandTravelers
Fort Leonard WoodAllstate
ArnoldTravelers
SedaliaFarmers
CrestwoodAmica
BeltonFarmers
AfftonLiberty Mutual
MehlvilleTravelers
MoberlyAllstate
GrandviewProgressive
Webster GrovesUSAA
IndependenceUSAA
RaymoreTravelers
SikestonAllstate
CarthageChub
O’FallonAmica
NixaUSAA
West PlainsChub
HazelwoodProgressive (ASI)
WentzvilleTravelers
MaryvilleProgressive (ASI)
Blue SpringsAmica
LebanonAmerican Family
JoplinTravelers
Kansas CityAmica
Old JamestownFarmers
KirkwoodProgressive
Creve CoeurProgressive
FergusonLiberty Mutual
St. AnnProgressive
St. JosephAllstate
WildwoodTravelers
OzarkAmerican Family
WarrensburgLiberty Mutual
RaytownFarmers
LemayChub
FarmingtonFarmers
OakvilleAmica
Maryland HeightsLiberty Mutual
St. PetersAmerican Family
WashingtonTravelers
Cheapest Homeowners Insurance in Missouri

Cheapest Homeowners Insurance in Missouri

Homeowners Insurance 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.

CompanyRank
Travelers1
Allstate Corp.2
MetLife Inc.3
American International4
Hartford5
Auto-Owners6
Farmers Insurance7
American Family8
Progressive9
Missouri Home Insurance

Homeowners Insurance in Missouri

Frequently Asked Questions

Does Missouri require homeowners insurance?

The state of Missouri does not require homeowners to carry homeowners insurance. Keep in mind though, lenders, and financial institutions may require you to carry insurance to protect their investment. 

What things affect homeowners insurance cost in Missouri?

The type of construction your home is.
The age of your home, as well as any updates, or remodels done.

How much does homeowners insurance cost in Missouri?

The average annual cost of homeowners insurance in Missouri ranges from about $1,740 to $2,714.

Last Updated on June 22, 2022 by alexandra Vileikis