Who Has the Cheapest Homeowners Insurance Quotes in Missouri?

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This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Article Approved By Banking Expert

This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Right near the center of the country and with major rivers flowing through it, Missouri tends to be unjustly underrated and its history deserves a lot more attention. Yet outside of these facts, millions of people live there and homeowners like you are simply trying to build a life in the state. And while it’s relatively shielded from storms and some types of natural disasters, there are still fires, weather issues, crime, and other problems that can affect a home and damage it. This is why you need homeowners insurance, and we’re here to help you make sure it’s affordable.

Here are the four cheapest homeowners insurance providers operating in Missouri:

The Four Cheapest Quotes:

Missouri is a big state, so threats to one area will be mitigated in another, ultimately affecting rates. Homeowners and homes are also different, so your rate might be different from even your neighbor. With these things in mind, we ask you to consider the following information not an exact prediction of your future rate and experience.

The number listed next to each provider is the average annual rate for a standard policy.

1) State Farm: $1,902

In most states one of the cheapest options if not the outright cheapest option, State Farm is a widespread company you probably already know about for their insurance services. They have provided millions of policies to customers in and out of Missouri and specialize in providing a streamlined and simple plan that will cover you from most of the main threats. And with great online resources, State Farm is further still one of the most accessible companies to work with to get a policy for your home.

Yet while processes are streamlined, that also means that you don’t have many opportunities to get a special or customized policy. Discount options are also few are far between, so you are working with what you first see in most instances.

You can expect the following working with State Farm:

  • An online quoting tool that few other companies can match and will get you every bit of information you’ll need to make an informed decision.
  • The benefits of working with one of the most experienced insurance organizations in the industry.
  • Agents available in most developed areas, and a support staff that’s always available.

2) Nationwide: $2,102 

With Nationwide, you’ll likely pay a bit more than you would with State Farm, but you’ll get a whole lot more back for your trouble. They have a large array of customization options that allow you to get plenty of additional coverages, adjust your rate, and adjust your levels of coverage. There’s always a tradeoff, but if you know what you want, Nationwide should make your shortlist. Furthermore, they are very reliable, and you will have few reasons to worry about your policy.

There are a few problems, however. Nationwide has fine service, but some agents are average at best and can pose a bit of a holdup for you. Additionally, speaking of tradeoffs, Nationwide’s additional coverage options all cost more than they would with other companies, so beware of your total cost before signing the dotted line.

You can expect the following working with Nationwide:

  • A free and optional annual review of your policy to make sure you’re getting the best coverage possible.
  • Plenty of discounts available, including those for installing protective devices, bundling plans, making a recent home purchase, and remaining claim-free. Some of these can make a notable dent on your annual rate.
  • Optional coverages such as flood, earthquake, water backup damage, identity theft, and enhanced valuables and home replacement.

3) Farmers: $2,677

Similar in many regards to Nationwide, Farmers is a company well-known for its homeowner’s policies and for providing excellent customer service. Whether that’s worth the price jump from Nationwide is up to you, although you will have plenty of options available, so perhaps you can adjust your rate if you’re concerned. We find they are often the best choice for new homeowners and people who want customization who aren’t interested in Nationwide.

Customers do report some issues after signup, however. That has taken the form of rate spikes and customers being unhappy with the coverage they’re getting. We recommend taking care to look over your policy before committing.

You can expect the following working with Farmers:

  • An excellent loss-of-use policy that will make sure you always have a place to stay.
  • Three base packages to choose from for your policy, and the ability to modify them from there.
  • Options specifically for condos, townhomes, and other types of dwellings.

4) Allstate: $3,071

The most expensive option on this list and honestly not for everyone, Allstate is still a solid choice for certain people who might need their specialized options or are lucky enough to get a low annual rate. They are also a solid choice for people with older homes or people looking to bundle, as you might still get a lower total rate in those cases.

Yet for the price, one would hope to get excellent customer service and level of attention. Sadly, this is not the case, and is a good reason for many people to cross Allstate out of their consideration. You also may not get the response time you are hoping for with Allstate.

You can expect the following working with Allstate:

  • Great online and mobile apps, allowing you to quickly and easily get all of your insurance related-tasks done.
  • Optional coverages including water backup, garden and landscaping, business property, scheduled personal property coverage, identity theft restoration, and others.
  • Plenty of discounts available that you can take advantage of.

Conclusion

Getting homeowners insurance in Missouri is honestly more expensive than in most other states, and that can be surprising. Nonetheless, we assure you that it’s worth the cost and that you should look into getting a policy as soon as possible. We hope that the above information helps you, and are confident that you can find a good match among the above four companies. Remember their priorities and get a few quotes to make comparisons. We’re sure you’ll get what you need in no time.