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Cheap Car Insurance In Mo

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An Important Note About Discounts

Cheap Car Insurance in Missouri

When a policyholder hears the word 25% discount related to auto insurance, it is easy to assume that the discount applies to the policy premium. However, insurers throw the word discount around pretty loosely. Almost always, the discount only applies to part of your premium or a section of your policy. For example, an anti-theft system may reduce just the comprehensive section. Where we know the section a discount applies to, we note it. Almost every other publication we can see implies, incorrectly, that discounts are applied to the total premium.

Another thing to bear in mind is that many policyholders actually insure their entire family on one policy. Lets say the policy costs the family a total of $3,000, just to use a round number. A 25% discount on one section for one driver wont be anything close to 25% off of $3,000, which would be $750. Step back and realize that $750 is the total cost of a policy for an older car and an experienced driver with a clean record. There is no way an insurer would really give you a discount that large for any reason. We felt it was important to add this note about discounts and what they really mean.

Alternatives To Insurance In Missouri

You can drive without car insurance in Missouri if you qualify for one of three costly alternatives: a surety bond, a real estate bond or a cash/securities deposit. After filing the proper financial bonds or securities, you will receive a certificate to submit to the Department of Revenue in lieu of an auto liability insurance policy. Here are the details behind each option:

  • Surety Bond: You may submit a $75,000 surety bond and power of attorney form to the Missouri Department of Revenue.
  • Real Estate Bond: You must file a Justification of Sureties form to the circuit court judge in the county or city where the property is located. The form must show two or more property owners holding real estate with at least $150,000 in equity value.
  • Cash or Securities Deposit: You may deposit cash or negotiable securities to meet proof of financial responsibility if you file one of the following with the State Treasurer’s office: a cash deposit of at least $75,000, a Certificate of Deposit worth $75,000, stock or bonds certificates valued at $75,000 or other approved negotiable securities.

Whether you choose an insurance policy or other proof of financial responsibility, you must keep the policy in every vehicle you own or operate in the state.

What Is The Average Cost Of Car Insurance In Missouri

The average cost of car insurance in Missouri is $1,692 per year according to thezebra.com2. Thats 13.7% higher than the national average. Of course, your auto insurance cost will depend on many different factors including your age, where you live and your driving history.

Some people get the bare minimum coverage, while others prefer the comfort and security of more protection. Liberty Mutual customizes your Missouri auto insurance, so you only pay for what you need.

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Cheapest Car Insurance Companies For Teen Drivers

An 18-year-old driver in Missouri pays the cheapest rates for both minimum-coverage and full-coverage car insurance with USAA and State Farm. These two providers are also the best for teen drivers with accidents, DWIs or speeding tickets on their records.

On average, 18-year-old Missouri drivers pay $219 a month for minimum-coverage car insurance, or $482 a month for full coverage. Teens pay the most for car insurance of any demographic. This is because car insurance companies consider teens to be high risk due to their relative inexperience driving.

Missouri Car Insurance Rates By Driver Age

Best Cheap Car Insurance Companies Marionville MO

They say age is just a number. Well, your auto insurance premium is just a number too, and the birthdate on your drivers license affects it. Teen drivers in Missouri pay very high rates, and for young drivers, especially 25-year-olds and younger, affordable auto insurance is very hard to find. But thankfully, it gets much better as the years go on.

Age Group

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Proof Of Financial Responsibility & Penalties

Under Missouri law, you are required to provide documentary proof of Financial Responsibility in the following circumstances:

  • At the request of a law enforcement officer at the time of an accident or traffic stop
  • When registering a vehicle or renewing plates
  • When requested by the Missouri Department of Revenue

To ensure drivers continue to meet the Financial Responsibility requirements, Missouri requires insurance companies to provide a monthly report of all active insurance policies to the Missouri Department of Revenue, Drivers License Bureau.

Cheapest Car Insurance Missouri

Home MediaCompare car insurance quotes

While the Show-Me State isnt the cheapest place for car insurance, you can find affordable policies if you know where to look. According to rate estimates from the Home Media reviews team, the best car insurance in Missouri can be found for as little as $63 per month. See the table below for the cheapest car insurance providers on average for full coverage insurance in the state.

Cheapest Car Insurance in MissouriEstimated Monthly Cost
$184$2,207

Check out USAA, State Farm, Missouri Farm Bureau and American Family Insurance when searching for the cheapest car insurance in Missouri. Compare car insurance policies from providers to uncover which ones best fit your cost and coverage needs.

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Cheapest Car Insurance For Drivers With Poor Credit: State Farm

State Farm is the Missouri insurer with the most affordable rates for drivers with poor credit. While the average annual premium for Missouri drivers with a low credit score is $3,191 annually for full coverage, State Farm’s rate is 40% cheaper, at $1,886 per year or $157 per month.

Your credit score might have nothing to do with your driving ability, but insurers consider your credit score when deciding your rates. Drivers with poor credit tend to file more insurance claims.

Company

*USAA is only available to current and former military members and their families.

Car Insurance Quotes Are Based On A Variety Of Unique Factors Such As Location Age Driving Record And Type Of Vehicle

Cheapest Auto Insurance Missouri

Many factors can affect the price you pay for your car insurance, so there’s no single best and cheapest insurer for everyone. the cheapest company for one driver might not be the cheapest for another. But now its easy, you just need to fill out our form and get quotes from top providers based on your custom parameters.

What info do I need to get a car insurance quote?

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What Is The Average Premium In Missouri For Full Coverage Car Insurance

In general, full coverage car insurance is substantially more expensive than basic liability coverage. This is understandable given that the coverage also greatly exceeds what is offered by liability policies. Unlike liability-only policies, full coverage car insurance pays for your damages, as well as the losses of the other driver.

The average premium for full coverage in Missouri is $1,661 annually. While this is substantially more than the cost of minimum-level liability coverage, the added coverage could save you from financial hardship after an accident. Whether or not the peace of mind is worth the higher price tag is up to you.

How Can You Save Money On Your Car Insurance In Missouri

At the end of the day, we’d all like to have the best, affordable car insurance coverage from one of the best Missouri car insurance companies. While you never want to sacrifice quality to save a couple of dollars, there are some different ways you can lower your car insurance premium.

Here are six ways you may be able to lower your car insurance rates:

  • Bundle your car insurance with other policies
  • Consider raising your deductibles
  • Monitor price changes to your policy
  • Shop for better insurance rates

You can also talk to your insurance agent about what your state’s insurance requirements are, and see if there are any course you can take to help lower the cost of insurance that you need. This could include taking a defensive driving course, or mentioning that you would like to improve your driving habits. Even drivers with traffic tickets in their history have the ability to lower their rates.

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Whats The Cheapest Insurance For Young Drivers With Speeding Tickets

Teen drivers with speeding tickets in Missouri can find the cheapest quotes with Shelter Insurance. Average auto insurance costs with Shelter are $5,273 per year for full coverage or 21% less expensive than Missouris average speeding ticket rate for younger drivers.

Insurer

Buying cheap insurance helps Missouri insurance shoppers save money, but insurance companies with poor customer service or claims handling sometimes are not worth the extra savings in your bank account.

AutoInsureSavings licensed agents collected information on Missouris car insurance companies from the National Association of Insurance Commissioners , J.D. Powers, and A.M. Bests financial strength ratings.

Advertiser Disclosure: Some of the offers within the content are from companies where AutoInsureSavings.org may receive compensation. This does not influence our analysis of services or products. Our opinions are our own in good faith.

The insurance companies with the lowest NAIC complaint index ratio based on the market share are American Family , Farmers Insurance , and Shelter . All three auto insurers have an NAIC complaint index of less than one or below the national average.

Insurer

While you shop around for car insurance companies in The Show-Me State, several factors contribute to your insurance cost. Your driver profile, type of vehicle, and age can impact your total monthly or annual insurance premium.

Cost Of Car Insurance In Missouri Vs Neighboring States

Best Cheap Car Insurance Companies Morehouse MO

State

Drivers in Missouri can find cheap car insurance with no deposit or no down payment, but all that really means is you only have to pay the first month’s premium to get coverage. You cannot get car insurance in Missouri without paying something upfront. But you can minimize the cost of coverage in Missouri, which ranks 24 for the cheapest car insurance rates in the country. The average monthly premium in Missouri is about $141 for full coverage and around $49 for state minimum coverage. Drivers in Missouri should expect to pay about that much in advance each month to keep their car insurance policy active.

The biggest drawback of paying for auto insurance monthly is that it’s almost always more expensive than paying in full for six or 12 months of coverage upfront. Some Missouri insurance companies charge slightly more for month-to-month premiums, and there can also be payment processing fees. Most car insurance companies also discount rates for customers who pay in advance.

You can still find cheap car insurance options if you can’t afford a big deposit, though. The best no-down-payment car insurance keeps rates low and only requires the first month’s payment to start your policy.

Jefferson City has the least expensive auto insurance premiums in Missouri, with an average of $471 per year. By comparison, the average cost of car insurance in Missouri overall is $587 per year.

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Missouri Teen Driver Laws

In Missouri, the Graduated License Law requires first-time drivers between the ages of 15 and 18 to complete a period of supervised driving and restricted driving before they may apply for a full license.

Missouri teens may apply for their instruction permit when they turn 15. While driving with a permit, the teen must be accompanied by a parent, grandparent or a qualified driving instructor. A qualified driver over the age of 25 who has been licensed for at least three years and has received written permission from the teen’s parent or legal guardian may also accompany the permit holder.

After the teen has held the permit for at least 182 days and had 40 hours of driving instruction he or she may apply for an intermediate license. During the first six months, the teen may not drive with more than one passenger under the age of 19 who isn’t immediate family. After six months, the teen may not have more than three passengers who are under 19. Intermediate license holders may not drive alone between 1:00 AM and 5:00 AM except to and from a school event or work or in an emergency.

30 days prior to the driver’s 18th birthday, an intermediate licensed driver may apply for a full driver’s license.

What Are The Minimum Car Insurance Coverage Requirements And Limits In Missouri

Missouri is an at-fault accident state, meaning that the driver responsible for the automobile accident is responsible for any damage that had been caused. This is why minimum coverage is usually required by each state, because there is an increased chance of a driver having to file an insurance claim.

Missouri drivers are required to purchase a minimum liability insurance policy, bodily injury coverage, and property damage coverage, which provides coverage for damages and injuries to the other vehicle and its occupants in an at-fault accident, but only up to your policy’s limits.

And uninsured motorist coverage, which protects you if you are hit by an uninsured driver, an underinsured driver, or a hit-and-run driver. Please note that uninsured motorist coverage does not cover vehicle damage after an accident has occurred.

In addition to considering policy limits, Mississippi drivers also should consider adding some of the optional coverages available in the state, such as collision insurance and comprehensive insurance. These coverages will help pay for damages to your vehicle in an accident you cause, or damages to your vehicle from non-accident-related damages, such as vandalism or hail.

Mississippi state minimum requirements:

Liability:

Uninsured motorist:

  • $25,000 in bodily injury per person
  • $50,000 in bodily injury per accident

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Cheap Auto Insurance For Young Drivers

Inexperienced drivers pose a higher risk to insurance providers so their rates can be significantly higher than average drivers. Novice drivers should be especially careful to maintain a clean driving record and comply with all speed limits and other driving regulations. Some MO insurance companies can provide more favorable rates than others for younger drives. It’s worth getting multiple quotes so you can save money on your monthly insurance premiums.

How To Get Cheaper Car Insurance In Missouri

Cheapest Missouri Auto Insurance Rates – Free Quotes

Multiple factors affect the cost of car insurance. Some things you can’t control, but you do have a say in most of the contributing factors. Driving safely, obeying traffic laws, and keeping a clean driving record are the best ways to keep your insurance costs down.

Other than that, the best way to lower your car insurance costs is to compare rates from at least three insurance companies. Ideally, you should check your rates every 6-12 months, when you renew your policy. But at a minimum, be sure to check your record and shop for rates every three to five years, since you may be able to get a lower rate if a traffic violation falls off your record.

In Missouri, the most expensive policies cost roughly $988, and the least expensive coverage costs around $322, when all driver profile information is the same. That means you could save as much as $666 simply by shopping around. Be sure to confirm you’re getting all the discounts you’re eligible for, too.

MedPayNot Required

Even if you’re not required to carry these optional coverage types, you may still need them. You can learn more about when to drop optional coverage and the penalties for driving without insurance in Missouri to make sure you’re paying for the coverage you need.

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Who Has The Cheapest Car Insurance With A Speeding Ticket For Drivers In Missouri

AutoInsureSavings insurance agents found American Family Insurance at $1,631 per year offers cheaper car insurance in Missouri for drivers who have one speeding violation on their driving record. American Familys quote is 31% less expensive or $704 less per year.

Insurer

In Missouri, traffic tickets give rate increases by $320 or 14%, but not as much as a driver with an at-fault accident or DUI violation .

Advertiser Disclosure: Some of the offers within the content are from companies where AutoInsureSavings.org may receive compensation. This does not influence our analysis of services or products. Our opinions are our own in good faith.

Faqs About Missouri Car Insurance

I Am a Low-Income Driver. What Can I Do About Getting Car Insurance in Missouri?

Everyone deserves affordable car insurance. Thankfully, there are many options for low-income drivers in Missouri. One of the most important items for these drivers to consider is the large number of discounts that could be available to them.

Never assume that you do not qualify for discounts on your car insurance purchase. A discussion with your insurance agent could provide you with helpful information on saving money on your car insurance.

Can an Undocumented Worker Get Car Insurance in Missouri?

At the current time, the short answer is no.

Insurance companies will only offer liability policies to individuals who are licensed to drive in their home state. As a matter of fact, the terms included in all liability policies require drivers to maintain a license at all times.

Some states have adopted a program known as the Driver Authorization Card that allows undocumented workers to obtain driving privileges. These cards do not indicate citizenship or allow an individual to vote, but it does grant them the right to legally drive. Insurance companies will provide coverage to drivers with a DAC.

Missouri is not one of the states that offer this option to undocumented workers. For that reason, there is no option for undocumented workers to secure vehicle liability coverage in the state.

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