Homeowners Insurance in Missouri: A Complete Guide 2021

Last modified: January 22, 2021

Your home is an expensive investment. That’s why it makes sense to search for the best homeowners insurance in Missouri to keep your investment safe and smoothly cope with unexpected situations without experiencing huge financial losses. And this is what we’ll cover in this post. Read on to learn about homeowners insurance and the best insurance companies in Missouri.

Is Homeowners Insurance Required in Missouri?

Under Missouri homeowners insurance laws, it is not mandatory to buy insurance. It is recommended that you should protect your home and personal property.

Homeowners insurance in Missouri protects you from the unexpected burden of paying for rebuilding your house in case a disaster strikes. Additionally, it covers the cost of personal property if damaged or stolen. It even pays for additional living expenses while your home is getting rebuilt, and provides liability coverage in case of injury on your property.

Most often, homeowners insurance policies cover:

  • Smoke and fire 
  • Windstorm & hail   
  • Lightning
  • Theft and vandalism
  • Weight of ice, snow, or sleet
  • Damage from car   

But they don’t provide coverage for damages if they are caused due to:

Suppose you want coverage from floods and other listed issues. In that case, do a little bit of legwork to find a company that provides such coverage under their policy for homeowners insurance in Missouri.

Common Causes of Missouri Home Insurance Losses 

Some of the common causes of home insurance losses in Missouri are:

  • Homeowners insurance roof coverage
  • Tornadoes
  • Water backup coverage
  • Floods insurance
  • Land movement insurance

Therefore, when buying home insurance, make sure to review the policy thoroughly, and get add-ons to protect your home from natural disasters occurring often in Missouri.

How Much Is Homeowners Insurance in Missouri?

Here is a table with complete details of the average price for home insurance in Missouri for 3 years. Take a look:

Year  Missouri Average Homeowners Insurance Cost National Average Homeowners Insurance Cost
2017 $1,285 $1,211
2016 $1,280 $1,192
2015 $1,253 $1,173

 

Overall we can see that homeowners insurance prices in Missouri are slightly higher than the national average cost.

Cheapest Homeowners Insurance in Missouri

It’s important to understand that homeowners insurance in Missouri is variable. They vary from city to city and insurance companies. What we found from our research was that the most expensive cities in Missouri for homeowners insurance are Neosho and Joplin. On the other hand, the cheapest cities for homeowners insurance in Missouri are Ballwin, Dardenne Prairie, and Chesterfield.

Cost of homeowners insurance by top cities:

City  Cost 
Most Expensive
Neosho 1877
Joplin 1873
Cheapest
Ballwin $1494
Dardenne Prairie $1495
Chesterfield $1518

Best Homeowners Companies Missouri

 

Company Best for Coverage Discounts Pricing
AAA Those looking for a good policy but within budget.
  • Dwelling protection
  • Liability protection
  • Personal property protection
  • Guest medical protection
  • Additional living expense coverage
  • Other structures protection
  • Smoke detector and home alarm
  • New home
  • Hail resistant roof 
  • New home renovations
  • No claims
Affordable
State Farm Those looking for a comprehensive home insurance policy with amazing add-ons.
  • Dwelling coverage 
  • Dwelling extension 
  • Personal liability coverage 
  • Medical payments coverage 
  • loss-of-use coverage 
  • Personal property
  • Multi-policy discount
  • Home alarm discount
  • Roofing materials discount
  • No-claim discount 
Slightly higher
Allstate Those who want a customized policy
  • Windstorm or hail
  • Fire and smoke
  • Theft
  • Falling objects
  • Frozen plumbing
  • Water damage
Easy Pay Plan, No claims discount, Bundle discount, Age 55 and retired discount, Welcome discount and loyalty discount, Early signing discount, Home alarm discount, Roof discount, Smoke-free discount, Storm shutter discount, Recent construction or purchase Higher than the market 

cost anywhere from $1,250 to $1,650

Travelers Those who want good coverage option and discounts Dwelling coverage, other structures coverage, personal property coverage, loss of use coverage and personal liability coverage.  multi-policy discount, home buyer discount, Loss-Free Discount, green home discount, and protective device discount Variable depending on the discounts you qualify for and add-ons you choose
Liberty Mutual Those who want a customized policy Dwelling, personal liability, wind and hail protection safe homeowner program, early buyer discount, claims-free discount, and new roof discount Variable

 

Detailed Reviews

AAAAutomobile Club of Missouri

AAA, although best known for its auto insurance policies, it also provides homeowners insurance. The good thing is that you can buy AAA homeowner insurance regardless of whether you are an existing AAA member or not. But let’s say if you are already a member, then you will get multiple discount offers such as:

  • Smoke detector and home alarm — you can get a 15% discount on your policy if you have either of these devices installed.
  • New home — you can receive a 40% discount depending on the age of your home.
  • Hail resistant roofhail can cause damage to the roof and some people choose to invest in special building materials. With a hail resistant roof, expect a nearly 35% discount. 
  • New home renovations—these can get you about 23% savings on the premiums.
  • No claims—you can enjoy a 13% discount if you don’t have any claims for 3 years.

AAA homeowners insurance Missouri are HO-3 policies that cover property damage from perils like fire, vandalism, lightning, theft and smoke damage. 

The standard coverage offered by AAA includes:

  • Dwelling protection
  • Liability protection
  • Personal property protection
  • Guest medical protection
  • Additional living expense coverage
  • Other structures protection

State Farm

Specializing in homeowners insurance, you can request a quote online. However, the policy can only be purchased from their network of independent agents. Their homeowner insurance can be divided into 3 tiers: Essential, Expanded, and Premium. State Farm also offers add-ons like flood insurance and earthquake coverage.

State Farm homeowners insurance Missouri standard policy coverage includes:

  • Dwelling coverage 
  • Dwelling extension 
  • Personal liability coverage 
  • Medical payments coverage 
  • Loss of use coverage 
  • Personal property coverage

You can benefit from many discounts with State Farm to make your policy affordable:

  • Multi-policy discount— allowing you to save up to 20%
  • Home alarm discount— provides discounts if your house is protected with a smoke, burglar, or fire alarm
  • Roofing materials discount—lower premiums with impact-resistant roofing
  • No-claim discount—if you have made claims in years

Allstate

Allstate provides a wide choice of homeowners insurance in Missouri.  Allstate is well-reputed and is the second-largest insurance company in the U.S. Their rates are higher than the market average. 

Expect a policy to cost anywhere from $1,250 to $1,650. But it’s worth it because they give you the flexibility to customize a homeowners policy to fit your needs. Also, the numerous discounts they give make it easier for people to purchase the policy.

You can buy insurance from independent agents or directly from Allstate – whichever suits you best. The premium is determined based on your home’s size, coverage type and location. They provide the following coverage options that vary by location:

  • Windstorm or hail
  • Fire and smoke
  • Theft
  • Falling objects
  • Frozen plumbing
  • Water damage by appliances, heating and cooling systems

Add-ons include:

  • Flood insurance
  • Personal umbrella policy
  • Earthquake insurance

Allstate offers the following discounts:

  • Easy Pay Plan
  • No claims discount
  • Bundle discount
  • Age 55 and retired discount 
  • Welcome discount and loyalty discount 
  • Early signing discount
  • Home alarm discount
  • Roof discount
  • Smoke-free discount
  • Storm shutter discount
  • Recent construction or purchase

Travelers

Travelers offers HO-3 home insurance coverage in Missouri. Types of coverage that you can expect are dwelling coverage, other structures coverage, personal property coverage, loss-of-use coverage and personal liability coverage.

To make the policy affordable, they offer multiple discounts such as a multi-policy discount, home buyer discount, loss-free discount, green home discount and protective device discount. Pricing is variable depending on the add-ons you choose and the discounts you qualify for.

Liberty Mutual

Liberty Mutual is a renowned insurance company. It offers insurance policies to homeowners countrywide. If you wish to get a policy from Liberty Mutual in Missouri, that is a good choice. 

Like AAA, Liberty Mutual gives you the power to customize your policy according to your needs. You can choose from coverage options like dwelling, personal liability, wind and hail protection. Add-ons include hurricane damage, personal property replacement and water backup coverage.

In terms of discounts, Liberty Mutual is second to none. Discounts include a safe homeowner program, early buyer discount, claims-free discount, and new roof discount, to name a few.

Conclusion

In a nutshell, we recommend homeowners invest in homeowners insurance in Missouri to protect their investment and personal items. Compare and evaluate the above option to see which one suits you the best. If you feel insurance policies are expensive, the best way to get a great policy at an affordable price is to evaluate the discounts offered.  

Pros & Cons

The Pros

The Cons

Final Verdict

FAQs

Does homeowners insurance cover flooding in Missouri?

No. Most standard homeowner insurance policies don’t cover flooding in Missouri. For this, you will need to buy a separate policy as an add-on coverage.

Does homeowners insurance cover lightning in Missouri?

Yes. It is almost covered in all homeowners insurance policies.

Does homeowners insurance cover snow damage?

Yes. Typically a homeowner’s policy covers damage that is caused by winter weather events like damages caused by snow accumulation.

What if I can’t get homeowners insurance?

In such a situation, contact your state’s department of insurance. The state is likely to have established programs like Fair plan (Fair Access to Insurance Requirements). It is designed to help homeowners get insurance in the area that they reside in.

Is damage from tornadoes covered by home insurance?

Yes. The majority of the standard homeowners insurance policies in Missouri offer coverage if the wind from tornadoes damages your house. The company in such a situation may help pay to rebuild or repair your house.