Best Missouri Homeowners Insurance Quotes (2024)

Armed Forces Insurance Exchange offers the cheapest homeowners insurance in Missouri, at an average annual rate of $1,046.

Emily Guy Birken
Emily Guy Birken
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Sara Getman
Edited bySara Getman
Sara Getman
Sara GetmanAssociate Editor

Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.

Outside of work, Sara is an avid reader, and loves rock climbing, yoga and crocheting.

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Data reviewed byAndrew Huang
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Updated August 7, 2024

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In Missouri, the average cost of home insurance is $2,706 per year, or $225 per month, for a $300,000 policy — higher than the national average cost of $2,377 per year.

But just because the state’s average insurance rate is high doesn’t mean Missourians are stuck paying high premiums. Armed Forces Insurance Exchange, American Family, Allstate, and State Farm are four of the cheapest home insurers in the state.

This high premium cost may be related to the myriad of perils homes face in the Show Me State. Not only does Missouri experience extreme winter weather, but some areas may also see tornadoes, flooding, and even earthquakes. Standard homeowners insurance doesn’t cover all these perils, so it’s important for Missouri homeowners to determine if they need additional coverage to protect themselves.

Here’s what you need to know about comparing quotes and finding coverage in Missouri.

Quick Facts
  • Missouri has about 12,800 active-duty service members and 24,000 National Guard and Reserve members who can find cheap rates from Armed Forces Insurance Exchange or USAA.[1]

  • The Missouri Department of Insurance offers a number of resources and tools to help Missourians navigate their insurance needs.

  • As of May 2024, the average home value in Missouri is $248,331, compared to the national average home value of $360,681.[2][3]

Best home insurance companies in Missouri

A number of good homeowners insurance companies serve Missouri residents. Below are four of the best home insurance companies in Missouri — but remember that the best home insurance company for you will depend on your specific situation and coverage needs.

Insurance Company
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
Average Annual Premium
Best For
Armed Forces Insurance ExchangeNR$1,046Cheapest rates
American Family8.6$1,513Online quotes
Allstate8.2$1,930Policy customization
State Farm8.2$2,117Bundling

Cheapest rates: Armed Forces Insurance Exchange

Armed Forces Insurance Exchange — an insurer that serves veterans, active-duty members of the military, and their families — offers the cheapest home insurance rates in the Show Me State. In addition to very low rates, this insurer also provides a number of important optional coverages, including earthquake, flood, water backup and sump overflow, and animal liability coverage.

Policyholders may also be eligible for discounts and credits for installing central station burglar and fire alarms, implementing windstorm mitigation features, and living in a gated or guarded community.

Pros
  • A number of available online resources and tools geared toward military members’ needs

  • Renters, auto, business, and pet insurance available

Cons
  • Only available to military members and their families

  • No mobile app

Best insurer for getting a quote online: American Family

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.1/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
840
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$188/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$245/mo

Wisconsin-based American Family Insurance offers excellent customer service that doesn’t require a phone call. Customers can get a quote and handle much of their insurance tasks online, or people who prefer a more personal touch can work with a local agent.

Price-conscious customers may also appreciate American Family’s impressive list of potential discounts, including a new-home discount that lowers your rate if your home is fewer than 15 years old and a generational discount that gives 18- to 30-year-olds a discount if their parents have an active policy.

Pros
  • Highly rated mobile app

  • A number of available discounts

Cons
  • High NAIC Complaint Index score of 2.55

  • Must complete insurance enrollment with an agent; can’t do it online

Best insurer for policy customization: Allstate

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.9/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
833
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$162/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$210/mo

Your personal coverage needs aren’t the same as a homeowner on the other side of the state or even on the other side of the street. Allstate’s home insurance lets you create a policy that helps you fit your specific coverage needs through policy customization.

Allstate customers can add optional coverages, such as identity theft restoration, electronic data recovery, and a unique HostAdvantage policy that covers your personal property if you’re home-sharing.

Pros
  • Optional green-improvement coverage pays to replace damaged covered property with energy-efficient versions

  • No dog breeds banned from homeowners insurance

Cons
  • NAIC Complaint Index score of 1.79, meaning nearly twice the expected number of complaints for a company of its size

  • Below-average customer satisfaction rating in J.D. Power’s 2023 U.S. Home Insurance Study

Best insurer for bundling: State Farm

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.3/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$163/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$236/mo

State Farm Insurance is the largest insurer by market share for both homeowners and auto insurance, which helps explain why it’s such a good option for consumers wanting to bundle their homeowners insurance coverage with other insurance products.

Combining your home and auto coverage could save you up to $1,273 per year, according to State Farm’s website. Add in multiple cars and life insurance, and you can handle all your coverage needs under one roof.

Pros
  • Above-average J.D. Power customer satisfaction score

  • Highly rated mobile app

Cons
  • Policies only available through agents

  • High NAIC Complaint Index score of 1.76

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Cheapest home insurance in Missouri

Armed Forces Insurance Exchange offers the lowest price home insurance in Missouri. The annual premium with this company is significantly lower than the national average.

But remember that the best home insurance company for you will meet your specific needs. If the cheapest home insurance company in Missouri isn’t right for you, consider the following insurers that also have affordable prices:

Insurance Company
Average Annual Premium
Armed Forces Insurance Exchange$1,046
American Family$1,513
USAA$1,708
Allstate$1,930
State Farm$2,117
Nationwide$2,170
Travelers$2,451
Automobile Club of Missouri$2,657
Shelter$2,845
Allied$2,967

Cost of homeowners insurance in Missouri

The average home insurance rate in Missouri is more expensive than the national average. A Missouri homeowner with a $300,000 home and a $1,000 deductible pays an average of $2,706 per year, or $225 per month. But across the U.S., the average cost of home insurance is only $2,377 per year, or about $198 per month.

Though the coverage limits and deductibles you choose can make a big difference in how much you pay for insurance, Missouri homeowners might pay more than other Americans for a number of reasons. Insurance companies set insurance premiums based on factors like whether you live in an urban or rural area, the age of your home, your credit history, the coverage options you choose, and what weather risks are most likely to cause property damage where you live.

Cost of homeowners insurance by dwelling coverage amount

A standard homeowners insurance policy includes dwelling coverage, which pays to repair or replace any damage to the physical structure of your home. It’s generally a good idea to have enough dwelling coverage to cover the replacement cost of rebuilding your home, but remember that different levels of dwelling coverage have different premium amounts. The higher your dwelling coverage limit, the more you’ll pay for your premiums.

The average cost of homeowners insurance in Missouri with a $1,000 deductible will change depending on the dwelling coverage options, as shown in the table below.

Coverage Limit
Average Annual Premium
$100,000$1,324
$200,000$1,995
$300,000$2,706
$400,000$3,388
$500,000$4,121

Cost of homeowners insurance by deductible

If you have to file a claim on your homeowners policy, you’ll likely have to pay a certain amount of money before your coverage kicks in. This money is called the deductible, and it directly affects your premiums. A higher deductible comes with lower rates since you’ll have to pay more to fix damage to your home after a covered loss, while a lower deductible means paying higher premiums.

Here are the average annual premium costs in Missouri based on deductible amount.

Deductible Amount
Average Annual Premium
$500$2,772
$1,000$2,710

How to get cheap homeowners insurance in Missouri

Savvy homeowners can lower their homeowners insurance costs without sacrificing necessary coverage by using one or more of these strategies:

  • Shop around. Insurance companies don’t all use the same factors to determine your premiums. Getting quotes from multiple home insurance companies is the best option for finding the best coverage level at the lowest rate.

  • Bundle multiple insurance products. Many insurers offer discounts to consumers who purchase multiple types of insurance from the same company. Lower your insurance rates for everything from auto and home insurance to life insurance and personal liability coverage if you get all your policies from the same insurer.

  • Increase your deductible. A higher deductible will lower your premium rates but cost you more if you have to make a claim. Just be sure you have enough money to cover the deductible if something happens to your house.

How much homeowners insurance do you need in Missouri?

Unlike the requirement to carry minimum levels of auto insurance, Missouri doesn’t mandate homeowners insurance. But if you have a mortgage on your home, your mortgage lender will require you to purchase a home insurance policy as a condition of your loan.

Make sure you know exactly what your home insurance policy covers since not all perils are considered a covered loss. For example, standard homeowners insurance policies almost never include coverage for flood damage. Homeowners living in areas prone to flooding must purchase separate flood insurance coverage to protect themselves.

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What are some of the biggest risks when owning a home in Missouri?

How much you pay for homeowners insurance can vary greatly depending on your ZIP code since severe weather patterns, local climate, theft and property crime statistics, and proximity to fire stations can all affect the types of risk your home is exposed to.

As a landlocked state, Missouri doesn’t face the same natural disasters coastal homeowners might experience, but residents should be aware of these common risks in the Show Me State:

  • illustration card https://a.storyblok.com/f/162273/150x150/d2251ba1fd/weather-96x96-blue_018-tornado.svg

    Tornadoes

    Though not all of Missouri can expect to see twisters, Jackson County has a very high risk of tornadoes, while Boone, Greene, Jasper, Jefferson, St. Charles, and St. Louis counties each have a moderately high risk of seeing these kinds of severe storms, according to the Federal Emergency Management Agency National Risk Index. Luckily, a standard homeowners insurance policy generally covers tornado damage under general wind damage, so you don’t need additional coverage to protect yourself.

  • illustration card https://a.storyblok.com/f/162273/x/a0c151e1ba/accidental-tearing-apart-cracking-etc.svg

    Earthquakes

    You may not associate earthquakes with the Midwest, but the New Madrid Seismic Zone on the eastern part of Missouri puts many homes in that area at risk. Unfortunately, standard home insurance policies don’t cover earthquakes, which means homeowners in the affected areas must purchase a specific earthquake insurance policy to protect their homes.

  • illustration card https://a.storyblok.com/f/162273/150x150/9775a33e0d/weather-96x96-yellow_030-snowflake.svg

    Severe winter weather

    Missouri residents are no strangers to extreme winter weather, including cold waves, ice storms, and snow, which can potentially cause serious damage to your home. A standard home insurance policy does cover damage caused by Old Man Winter, but it’s still a good idea to look over your current policy to double-check that it covers the severe winter weather that’s most common in your area.

Missouri homeowners insurance FAQs

Finding the right homeowners insurance can be a difficult decision. Check out these answers below if you still have questions.

  • How much is home insurance in Missouri?

    In Missouri, the average cost of home insurance is $2,706 per year for a $300,000 policy. Your rate will depend on many factors, including your ZIP code, age of your home, square footage of your home, and the coverage levels you choose.

  • What companies have the cheapest homeowners insurance in Missouri?

    Armed Forces Insurance Exchange offers the cheapest homeowners insurance in Missouri, at an average annual rate of $1,046. Other affordable options include American Family, at $1,513 per year, and USAA, at $1,708 per year.

  • Does Missouri require homeowners insurance?

    No. Missouri law doesn’t require homeowners insurance, but your mortgage lender may require you to have it. Even if you’ve paid off your mortgage, it’s still important to protect your home and property.

    In the event of a tornado or severe weather damage, home insurance can help cover the cost of repairs or replacement that you otherwise may not be able to afford out of pocket.

  • Does AAA offer home insurance in Missouri?

    Yes. Missouri is one of the only states in which AAA offers homeowners insurance. Contact a AAA agent to learn more about the company’s offerings.

Sources

  1. Military State Police Source. "Missouri."
  2. Zillow. "Missouri Housing Market: 2024 Home Prices & Trends."
  3. Zillow. "United States Housing Market: 2024 Home Prices & Trends."
Emily Guy Birken
Emily Guy Birken

Emily Guy Birken is a former educator, lifelong money nerd, and a Plutus Award-winning freelance writer who specializes in the scientific research behind irrational money behaviors. Her background in education allows her to make complex financial topics relatable and easily understood by the layperson.

Her work has appeared on The Huffington Post, Business Insider, Kiplinger's, MSN Money, and The Washington Post online.

She is the author of several books, including The 5 Years Before You Retire, End Financial Stress Now, and the brand new book Stacked: Your Super Serious Guide to Modern Money Management, written with Joe Saul-Sehy.

Emily lives in Milwaukee with her family.

Sara Getman
Edited bySara GetmanAssociate Editor
Sara Getman
Sara GetmanAssociate Editor

Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.

Outside of work, Sara is an avid reader, and loves rock climbing, yoga and crocheting.

Andrew Huang
Data reviewed byAndrew HuangVP, Marketing & Analytics
Headshot of Andrew Huang, Directory of Analytics at Insurify
Andrew HuangVP, Marketing & Analytics
  • Chartered financial analyst

  • 12+ years in data analysis and marketing

Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.

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