MoneyGeek conducted an in-depth analysis of Missouri car insurance rates to calculate average rates by driver profile; on average, Missourians pay approximately $566 annually for full coverage–less than the national average of $680–with one prior incident and excellent credit and driving histories. This figure represents how Missouri rates vary with respect to location, coverage level, driving history, credit and more.
Age plays an enormous role in car insurance rates. Younger drivers, seen as more of a risk on the road due to lack of experience driving, tend to pay higher premiums. It may be cheaper for these drivers to remain covered under their parents’ policy until they reach legal driving age themselves and can purchase their own policy.
Not only does age play a factor, but so too does creditworthiness when deciding how much car insurance carriers charge drivers in Missouri. Carriers factor in creditworthiness to assess future claims likelihood. On average, Missouri drivers with poor credit pay 62% more annually for car insurance coverage.
As those with DUI records will find their auto insurance premiums rise significantly as insurance companies consider DUI violations high-risk violations which indicate potential future claims being filed by them and more often than not they pay more than double than drivers with clean records.
Missouri drivers must maintain at least the state-mandated minimum liability car insurance coverage. This protects other people if you cause an accident that causes property damage or injuries; it’s generally best to carry more than just this minimum requirement, as medical expenses and other costs often quickly surpass even high maximum limits.
Car insurance prices differ depending on where in a state they are purchased due to differences in claim statistics and cost of living costs. Urban areas, with larger populations and more vehicles on the road, typically tend to have higher premiums than rural communities with fewer vehicles on the roads.
Notably, Missouri average car insurance rates do not account for optional types of coverage like uninsured motorist and comprehensive, which add additional costs that should be included when budgeting. Drivers should take this into consideration when creating their budget plan; however by following common-sense tips such as driving defensively, avoiding speeding and traffic violations and designating one primary driver as primary, drivers can save significantly on Missouri car insurance rates. If you’re searching for cheap Missouri auto insurance rates online then answering some simple questions can help get tailored quotes quickly from top carriers – you could get quotes within minutes!