Cheapest Car Insurance Rates in 2023
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Cheap SR 22 Auto Insurance in Missouri: Best Companies & Quotes
Car Insurance Expert
Joanna is an expert on understanding how the different laws and regulations in the car insurance industry shape the way that policies work.
Best Car Insurance Companies in Missouri
- State Farm
- American Family
- Automobile Club of Missouri
|State Farm||American Family||Shelter||Progressive||Automobile Club of Missouri||Allstate|
|AM Best Financial Strength Rating||A++||A||A++||A+||A||A++|
|JD Power 2019 Overall Customer Satisfaction score||3/5||4/5||N/A||3/5||N/A||3/5|
|Avg Annual Premium||$518||$666||$781||$720||$1,198||$1,000|
|Consumer Reports Reader Score||78||89||75||75||N/A||72|
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
|Rank||Company Name||Avg. Annual Premium|
|4||MO Farm Bureau||$1,189|
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.
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.
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
General Auto Insurance in Missouri
In this section, you will find general questions to standard auto insurance coverage in Missouri.
How to get legal car insurance with a permit in Missouri?
What year was Missouri car insurance made mandatory?
How to litigate an auto insurance claim in Missouri?
What happens if I pocket the insurance money and don’t fix my car in Missouri?
How does an officer know my ID for auto insurance is valid in Missouri?
Do Missouri drivers who have no car, need car insurance?
In Missouri, how long can you insure a dependent for auto insurance?
How to self-insure your car in Missouri?
How long until insurance is required on a new car in Missouri?
How to get a car legalized and have insurance without a license in Missouri?
Do insurance companies have to refund your sales tax when your car is totaled in Missouri?
In Missouri, when you get a new car, how many days do you have to change the insurance over?
What happens in Missouri when your insurance company drops you?
How to buy auto insurance in Missouri?
How do car insurance companies in Missouri handle car accident claims?
In the state of Missouri, which parent has to carry the auto insurance for a beginning driver?
How long does it take for an auto insurance premium payment to be returned 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.
Under Missouri law, what type of auto insurance is required?
What are the requirements for auto insurance in Missouri?
What is the Missouri state minimum for auto insurance?
How long does your existing insurance cover a new car in Missouri?
What should I pick for auto insurance coverage in Missouri?
What is Missouri’s state minimum for property damage on a car insurance policy?
What insurance is needed to register a car in Missouri?
What is commercial auto insurance in Missouri?
- Liability coverage-protects against damages in the case of an accident.
- Medical Payments-provides payments for medical services such as covering medical procedures needed for a person insurance in an insured vehicle.
- Uninsured Motorist coverage-provides recovery services for injuries caused by policy holders that don’t have liability coverage.
- Collision coverage-protects for accidental loss and damage against natural disasters, vandalism or falling objects.
- Underinsured Motorist coverage-provides services for recovery of injuries caused by policy holders that don’t have enough liability coverage.
Who can be covered under a Missouri auto insurance policy?
What are recommended auto insurance coverages in Missouri?
In Missouri, which insurance company pays the medical bills in an auto accident?
- State Farm
- American Family
- Missouri Farm Bureau
Be sure to check out Safe Auto reviews too as they may offer this as well.
Auto Insurance Rates in Missouri
In this section, you will find frequently asked questions pertain to the average auto insurance rates in Missouri.
How much is car insurance in Missouri for a first-time driver?
How are Missouri high risk insurance rates vs Kansas?
How to get the cheapest car insurance in Missouri?
Who has the cheapest auto insurance in Missouri?
Which midsize car has the better insurance rates in Missouri?
How much is cargo auto insurance in Missouri?
How much is car insurance for a 21 year old boy in Missouri?
Why is car insurance so expensive in Missouri?
- The population increasing in Missouri
- The number of auto accident claims made in Missouri
- The rise of inflation
How much does full coverage car insurance cost in Missouri?
How much is the insurance rate for a car dealer in Missouri?
In Missouri, how do you find the lowest car insurance rates?
How much does car insurance cost for a teenager in Missouri?
Where to get the cheapest car insurance in Missouri?
Who has the best auto insurance rates in Missouri?
Who has the most expensive car insurance in Missouri?
How much does a speeding ticket increase insurance cost in Missouri?
What is the average price of auto liability insurance in Missouri?
How much is the average car insurance policy for a 24 year old in Missouri?
In the state of Missouri, how long will a DUI affect car insurance price?
Is Missouri cheaper than Illinois for car insurance?
Who has the best motorcycle 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.
How to get a no proof of car insurance ticket in Missouri?
How much are you penalized for having no auto insurance for 5 months?
- Paying up to $1,000 in fines depending on how many times you have been caught driving with no insurance.
- Face possible jail time.
- Lose registration on your vehicle.
- Raised prices of auto insurance.