Cheapest car insurance in Missouri for 2024

The cheapest car insurance company in MO is different for every driver since each company has a different method for evaluating risk and calculating premiums. However, Missouri drivers pay an average of $878 per year for a minimum car insurance policy. Drivers with full coverage pay an average of $3,236 per year. Bankrate analyzed the data to find insurance providers that offer the most affordable coverage — often below the state average — tailored to a range of preferences and circumstances, including your coverage needs, driving record, location in Missouri, and more.

Key takeaways

• Cheapest company for minimum coverage: USAA
• Cheapest company for full coverage: USAA
• Cheapest company for drivers with prior incidents: USAA and Electric
• Cheapest company for young drivers: Shelter and Geico

Because it offers the least amount of coverage to legally drive, a minimum coverage car insurance policy is typically the cheapest coverage available in Missouri. The average minimum coverage policy costs $878 per year. However, carrying liability only leaves you with a greater out-of-pocket risk in the event of an accident. Keep in mind that the insurance company you choose can have a big impact on your rate. We found that USAA offers the cheapest car insurance in Missouri, but their policies are only available to veterans, active military members and their families. Additional providers to consider are included below:

Minimum coverage requirements for Missouri drivers

Choosing state minimum coverage means that your insurance provider is only responsible for covering the vehicle repairs and medical expenses of the other affected parties in an accident that you caused. You would need a full coverage policy to receive financial protection for your own vehicle in an at-fault accident. To be street-legal in Missouri, your insurance policy must meet the minimum required limits of 25/50/25 for the following liability coverage:

• $25,000 per person for bodily injuries
• $50,000 per accident for bodily injuries
• $25,000 per accident for property damage

In addition, Missouri law also requires you to purchase uninsured motorist coverage for bodily injury with limits of $25,000 per person and $50,000 per accident. This coverage provides compensation for medical expenses incurred by you and your passengers if you're involved in an accident caused by an uninsured driver.

While these coverage limits may seem like a large amount of money, they can easily be surpassed. If total costs exceed these coverage limits, costs you are liable for could come out of your own pocket. This is why many insurance experts recommend purchasing higher liability coverage limits.

Drivers who are looking for more coverage from their insurance policy might look into comprehensive and collision coverage, which are often collectively referred to as full coverage. Full coverage goes beyond Missouri’s minimum car insurance requirements, so it does cost more. However, full coverage provides broader financial protection if you’re at fault in an accident, your car is stolen, your vehicle is damaged by extreme weather and more covered scenarios. According to Bankrate’s analysis, USAA is usually the best cheap car insurance company in Missouri for full coverage, but other providers aren’t too far behind:

Finding cheap car insurance in Missouri is a little more challenging for drivers with a history of speeding tickets, at-fault accidents or other high-risk factors like DUIs. Insurance providers see prior incidents as an indicator of future claims, so they are forced to raise premiums to compensate for the risk. Still, Bankrate’s team found some insurance providers offering relatively affordable policies to drivers with not-so-perfect records. Specifically, USAA and Electric Insurance Company offer lower insurance premiums.

• Cheapest car insurance for drivers with a ticket: USAA and Electric
• Cheapest car insurance for drivers with an at-fault accident: Electric
• Cheapest car insurance for high-risk drivers: Progressive

Cheapest insurance companies for drivers in Missouri with a speeding ticket: USAA and Electric

If you have any speeding ticket convictions on your record, you can expect to pay a higher car insurance premium. The rate increase after a speeding ticket will depend on your insurance company. Although USAA and Electric are the cheapest car insurance providers, we found additional companies in Missouri with affordable rates for drivers with a speeding ticket conviction.

Cheapest car insurance for drivers in Missouri with an at-fault accident: Electric

Having an at-fault accident on your driving record will cause your car insurance premium to go up in most cases unless you have first-accident forgiveness. The actual rate hike will depend on your insurer. For example, Electric has lower average rates for drivers with an at-fault accident than Allstate. Below, you can see the five cheapest car insurance companies on average in Missouri for drivers with an at-fault accident.

Cheapest rates in Missouri for high-risk drivers: Progressive

High-risk drivers often pay the highest rates for auto insurance. High-risk drivers may have serious convictions on their record, like a DUI/DWI, or have been caught driving without car insurance. While Progressive is the cheapest for high-risk drivers who have a DUI conviction on their record in Missouri, on average, here are a few other companies with affordable rates.

Age is a large factor in determining your car insurance rates in Missouri. Young drivers typically pay more for car insurance policies than older drivers because they’re riskier to insure due to having less experience and being more susceptible to distractions. However, that’s not to say that young drivers can’t find cheap car insurance options in the state.

• Cheapest car insurance for insuring a teen driver: Shelter
• Cheapest car insurance for teens with a ticket: USAA
• Cheapest car insurance for teens with an at-fault accident: USAA
• Cheapest car insurance for young drivers with a DUI: Progressive

Cheapest Missouri car insurance for insuring a teen driver: Shelter

Adding a teen driver to your car insurance policy can be expensive because they are statistically more likely to get into accidents. Teens with incidents on their records will see even higher car insurance rates. However, the cost of adding a teen driver to your policy will depend on your insurance company and whether or not they offer teen discounts like good student discounts. If you want low-cost car insurance in Missouri, consider getting quotes from these companies.

Cheapest Missouri car insurance for teens with a ticket: USAA

Teens are the demographic of drivers who are most likely to speed, according to the Centers for Disease Control and Prevention. Insurance providers consider the increased risk and charge teens more for car insurance. We found that USAA and Electric offered some of the cheapest rates in Missouri for teens with a ticket. Note that the following rates reflect an 18-year-old on their own policy.

Cheapest Missouri car insurance for teens with an at-fault accident: USAA

Most Missouri insurance providers classify a teen with an at-fault accident as a high-risk driver. This designation means that you’ll typically pay more for car insurance. We found that USAA offered the best rates to teens with an at-fault accident. 

Cheapest Missouri car insurance for young drivers with a DUI: Progressive

Young drivers with a DUI in Missouri might have an especially difficult time finding an insurance provider due to the nature of risk. Our analysis shows that Progressive offers the most competitive rates.

Taking advantage of car insurance discounts is one of the most effective ways to get cheap auto insurance in Missouri. Here are several auto insurance discounts that many insurance companies offer.

• Young driver discounts: Many insurance providers offer special savings for good students and students who attend school far from home and don’t have access to a vehicle.
• Safe driver discounts: You can typically get a discount if you have no recent insurance claims or violations on your record. Some insurance providers also offer a telematics-based safe driver rewards program.
• Payment discounts: It’s common to get a discount for paying your annual insurance premium upfront and in full. You might also be able to save on car insurance in Missouri by paying your premium through automatic payments or enrolling in paperless billing.

These are sample rates and should only be used for comparative purposes.