Home Insurance and Car Insurance in Missouri

Homeowners Insurance Coverage Options in

Missouri sits right in the center of the Midwest. Its location means that residents of the state get to experience all four seasons, which means snow, thunderstorms, hot summer temperatures and the occasional flash flood due to heavy rains. That’s why it’s important to buy home insurance that covers all sorts of perils—often explicitly named in the policy documents—and to understand exactly what kind of coverage you’re paying for.

Missouri home insurance policies are required to cover several different types of damage, although your specific policy details will determine when and how much you can expect to receive when making a claim.

Actual cash value policies will pay the current value of the damaged part of your home, taking age and condition of the home prior to the claim into consideration. Full replacement value policies do not take depreciation into account and will therefore pay what it would cost to completely rebuild your home, regardless of construction material or labor costs.

Common types of home insurance coverage in Missouri include:

• Dwelling coverage, which pays for damage to the structure of your home. Dwelling coverage often includes walls, windows, doors and the roof. In some cases, additional roof coverage may be required.
• Personal property coverage is insurance that pays for repair or replacement of property in and around your home. Property covered under this policy usually includes clothing, tools, electronics, appliances and jewelry. In many cases, property coverage extends to items that are in your vehicle when they’re stolen or damaged. For particularly expensive goods such as antiques or rare jewelry, additional insurance coverage may be required.
• Liability coverage pays for damage to others’ property or medical bills in the event of an injury that occurs on your property. It can also safeguard you from lawsuits filed as a result of this damage or injury.

Common Causes of Loss in

Because Missouri is in the Midwest, it often sees perils related to seasonal damage due to storms. Thunderstorms and tornadoes in the late spring and summer are responsible for many home insurance claims.

Snow and ice damage in the winter can bring their own types of damages and challenges. Wind and hail damage have been a source of continued premium increases and insurance claims for Missouri homeowners over the past 20 years.¹ In fact, wind and hail damage far outstripped all other filed home insurance claims in 2022, with losses in that category totaling nearly $500,000,000.²

Additional Coverage Options Recommended for Homeowners

While most forms of storm damage are covered by home insurance policies, some experts advocate purchasing additional coverage for a broader range of protection. This additional insurance can include, but isn’t limited to:

• Flood insurance is rarely included in a typical homeowners insurance policy. Instead, you may purchase separate flood insurance either through your insurance company or as part of the National Flood Insurance Program (NFIP) backed by the federal government.
• Replacement cost coverage can ensure that your insurance claim doesn’t include a deducted reimbursement and that your payout can be used to purchase new versions of the lost goods or property.
• Identity theft coverage is an increasingly popular type of insurance coverage that can help offset the costs of recovering your identity in the event of fraud.
• Water backup coverage can help protect you in the event of a sewer line clog or backup. Water damage is an expensive problem to solve, and most homeowners insurance policies’ protections stop where your water line meets the sewer.
• Mobile home insurance differs from traditional home insurance because mobile homes are often at a significantly higher risk for damage due to storms, fire and theft.

Our Home Insurance Partners in

SelectQuote works with home and auto insurance companies to provide affordable, accessible insurance coverage to Missouri home and auto customers. Our insurance partners are some of the most trusted, nationally recognized brands in the field. We partner with these companies and can compare all of their rates at once to provide you with a variety of coverage options at prices you can afford.

What is the average home insurance cost in ?

According to the Missouri Department of Insurance, home insurance rates in Missouri have continued to rise over the past 20 years. Both nominal and inflation-adjusted rates have increased by several hundred dollars. Where premiums in 1998 (adjusted for inflation) were around $680, the average annual home insurance premium in Missouri as of June 2023 is $2,735.³ The average home insurance cost in Missouri for SelectQuote customers is an average of $157.09 per month.⁺

Homeowners Insurance Discounts in

Missouri homeowners can save on their insurance premiums by asking about available discounts. It’s possible to cut insurance premiums significantly by:

• Increasing your deductible
• Not filing claims over a significant period of time, usually five years or longer
• Sticking with the same insurance company for several years and getting a customer loyalty discount
• Installing a home security system, deadbolts and other theft prevention measures
• Bundling your homeowners and auto insurance coverage together

Auto Insurance Laws and Requirements

Missouri state law requires that drivers carry a minimum standard of insurance called liability coverage. But it’s not the only kind of insurance you can (or should) purchase. Available types of auto insurance coverage that you can buy in Missouri include:

• Bodily injury liability insurance coverage pays for costs related to injuries to drivers of other vehicles that may be involved in a crash for which you are found to be at fault. Missouri requires that all drivers carry minimum acceptable coverage, which includes $25,000 per person and $50,000 per accident. Note that this minimum coverage may not pay for all costs associated with an accident, and in some cases it may be recommended that you purchase more coverage.
• Property damage liability coverage pays for damages to other drivers’ property as a result of an accident for which you’re found to be at fault. Missouri requires drivers to carry a minimum of $25,000 per accident.
• Uninsured motorist coverage pays for medical bills and funeral costs related to injuries in which you are involved in a collision with a driver who has either no auto insurance or insufficient insurance. Drivers in Missouri are required to carry at least $25,000 per bodily injury per person and $50,000 per accident.

In addition to the minimum levels of required coverage, Missouri drivers may opt to buy additional insurance based on their situation. Owners of new vehicles or of leased or financed cars may be required to purchase extra coverage by their auto lender. This coverage is often called full coverage and includes:

• Comprehensive coverage pays for losses related to accidents involving animals or for damage to your vehicle from storms, fire, fallen objects and theft.
• Collision coverage pays for damages to your vehicle due to collisions with another vehicle or an object such as a guardrail, building or structure, regardless of who is found at fault.
• Medical payments coverage can help pay for medical or funeral expenses if you or your passengers are hurt in an accident.
• Underinsured motorist coverage helps cover your medical expenses if the other driver is at fault and doesn’t have enough insurance.
• Gap insurance pays the difference between what you currently owe on your vehicle and what it’s currently worth.

All data on average expenditures are provided by the Insurance Information Institute.

Teen Driving Laws

Like several other states, Missouri requires teen drivers to obtain a graduated driver license that comes with different responsibilities and requirements.⁴ All first-time drivers between 15 and 18 years of age must complete periods of instructed driving and restricted driving prior to getting their full license. Teen drivers are subject to rules related to acceptable passengers, curfews and limitations on the use of mobile phones and other communication devices inside the car.

Car Registration Information

Vehicle registration in Missouri requires drivers to provide proof of insurance as well as vehicle ownership, including title paperwork. You’ll also need to show proof of a Missouri safety inspection not more than 60 days old. Failure to provide proof of minimum legal insurance could result in denial of vehicle registration as well as revocation of driving privileges.

What is the average car insurance cost in ?

Average car insurance rates in Missouri will differ based on several factors, including but not limited to:

• Age
• Driving history
• Credit rating
• Type of vehicle being insured
• Vehicle usage and annual miles driven
• Location

To obtain discounts on coverage, it’s worth considering bundling auto coverage with other policies. You can also look into increasing your deductible or paying your premiums annually verus monthly or quarterly. SelectQuote customers in Missouri pay an average car insurance cost of $177.84 per month.⁺

Our Car Insurance Partners in

SelectQuote can help you connect with some of the most trusted auto insurance companies in the country. We partner with these insurance carriers to offer Missouri homeowners and drivers competitive rates and discounts for all types of motor vehicle insurance coverage.