MoneyGeek’s Missouri car insurance calculator can provide an approximate estimate of how much car insurance will cost; factors that have the greatest influence on premiums according to MoneyGeek research include adding a teenage driver, your credit score and selecting coverage levels.

Insurance companies determine your rates according to your risk; that is, how likely it is that you’ll file an accident claim. Drivers with clean driving records typically enjoy some of the lowest premiums in Missouri; if however you accrue speeding tickets or cause accidents yourself, your rate may likely increase substantially.

Car insurance companies also factor your location into their premium calculations, as certain areas tend to have more traffic and thus, an increased chance of accidents occurring. Therefore, drivers living in urban areas tend to pay more than those in rural settings for car insurance policies.

Another factor influencing Missouri car insurance rates is your vehicle choice. In general, standard cars tend to be less costly to insure than sports and luxury vehicles due to higher repair and parts costs and theft/vandalism incidents with certain models of sedans affecting insurance rates more significantly.

Missouri is a “fault” car insurance state, meaning that those found responsible for an accident must pay damages and injuries caused. This system can incur substantial financial costs for all parties involved and it is therefore crucial that individuals carry sufficient liability limits when purchasing car insurance policies in Missouri.

Insurance providers also take your credit history into consideration when calculating Missouri auto insurance premiums, since those with poor scores tend to struggle making payments on time, which in turn can cause premiums to skyrocket by as much as 2.4x more compared to those with an excellent score.

Your deductibles also play a large part in determining how much your Missouri car insurance costs. Selecting a lower deductible can reduce premiums, but will mean paying more out-of-pocket when filing claims. Many drivers opt to offset this additional expense by bundling their home and car policies with one provider – typically offering savings up to $591 annually and streamlining communication and claims processing; though not all insurers offer this discount.