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Renters Insurance Missouri

Last modified: Sep 29, 2022

Are you searching for the best cheap renters insurance in Missouri? To decide on what would be the best renters insurance in Missouri, you have to consider a few important factors. If you are shopping for renters insurance make sure to check out our list of best renters insurance companies.

What about the price? You should know that Missouri is known for offering one of the most expensive renters insurance in the United States. The average renters insurance in Missouri costs $22 each month or $264 each year. Most tenants pay around $15 each month or $187 each year for renters policy coverage. 

Apart from price, there are many other important factors that must be taken into account. To help you out, we have created a guide to present to you the cheap yet good insurance companies offering renters insurance. We have based our review of each company on their coverage options, ratings, customer support, and value for money. Let’s take a look and find good renters insurance in Missouri

Our Methodology

How did we go about generating quotes for Missouri renters insurance? We decided to focus on the basic coverage options that most renters insurance companies offer, such as personal property coverage, liability coverage, additional living expenses coverage, and medical payment coverage for bodily injury

For the renters insurance quote in Missouri, we also included additional and optional coverage for our analysis. This is how we were able to find out the cheapest renters insurance in Missouri

Best Companies for renters insurance in Missouri

Here’s a list of the cheapest and the best renters insurance in Missouri:

USAA

Coverage Details

Optional Coverage

Financial Strength and Customer Support Ratings

Cost per Month

The USAA renters insurance cost in Missouri per month starts at $12 but also depends on multiple factors. You can reduce the costs by bundling renters insurance with auto insurance to save money on your yearly premium. You can save further money by installing a security system on your property. 

 

Pros Cons
A standard policy covers earthquakes, storms, and floods renters insurance is only available to veterans, military members, and their families
Estimate the value of damaged items at their current costs Unrelated roommates will need to get their own renters insurance
User-friendly app Offer limited replacement costs on specific items

 

Safeco

Coverage Details

Optional Coverage 

Financial Strength and Customer Support Ratings

Cost per Month

Safeco renters insurance costs $19.58 and isn’t the cheapest renters insurance in Missouri to take out. You can save money by bundling up one or more coverage options. 

You can save more money if you install safety equipment and smart home devices in your home.

If you haven’t filed a claim with your previous renters insurance company for at least 5 continuous years, you’ll get a discount. You’ll also be rewarded with a discount if you’re an active, reserve, or retired member of the United States Armed Forces.

You’ll save even more money if you get a quote online via their website, sign up for automatic payments, choose to receive all documents online, and/or buy a policy from the website. 

Pros Cons
Provide customers with uncommon discounts on premium The standard renters insurance coverage doesn’t include water damage 
You can sign up using the website or their mobile app Doesn’t regularly give shareholders dividends 
Offers various online tools such as renters insurance calculator and resources  Compared to the rates of other companies, they don’t offer cheap renters insurance in Missouri

Shelter Mutual

Coverage Details

Optional Coverage

Financial Strength and Customer Support Ratings

Cost per Month

renters insurance costs around $11 each month hence making it one of the best renters insurance in Missouri. You can save money by opting for the companion policy discount where you bundle 2 or more policies together. 

You can get an additional discount if you install an approved alarm system, at least one smoke or fire alarm system, and dead-bolt locks on doors and windows of the property. 

You can also get a claim-free discount if you haven’t filed a claim for at least 6 continuous years on your renters insurance policy, you’ll receive a discount. This discount will apply every time to renew your policy. 

Pros Cons
User-friendly website Doesn’t recognize loyal customers by giving them rewards
Transparent pricing Available in only 18 states
Flexible billings options with several different coverage options

 

State Farm

Coverage Details

Optional Coverage 

Financial Strength and Customer Support Ratings

Cost per Month

The cost of State Farm renters insurance in Missouri is $13.75 each month. You can save money with their multi-policy discount by combining State Farm’s renters insurance coverage with their auto insurance coverage. You can also benefit from their home alert protection discount by installing a security system such as a burglar alarm, video cameras, and/or a smoke detector. 

Pros Cons
Available in all 50 states Some renters may want to go with a smaller renters insurance company that offers additional online services
You can initiate claims through their mobile app or online via their website They aren’t the cheapest renters insurance in Missouri, offering options that are more costly than their competitors

Travelers

Coverage Details

Optional Coverage 

Financial Strength and Customer Support Ratings

Cost per Month

The renters insurance cost in Missouri is $11.08 each month. If you’re looking for cheap renters insurance in Missouri, Travelers provides you with various discounts. You can receive a 5% discount on auto insurance if you have taken out their renters insurance coverage. 

You can save even more money with umbrella, boat, or personal articles floater coverage options. If you haven’t reported a loss for a certain number of specified years, you’ll earn a discount. 

The renters insurance company provides discounts for installing security features on the property, such as interior sprinkler systems, smoke detectors, smart home devices, and home security systems.

Pros Cons
Receive a discount if you take out more than one policy from them They don’t provide renters insurance coverage for all major disasters
User-friendly website and easy to make an account on it Charge extra for replacing personal items

Allstate

Coverage Details

Optional Coverage 

Financial Strength and Customer Support Ratings

Cost per month

The renters insurance coverage costs $23.00 each month. You can buy additional coverage options to receive a discount. You can install smoke detectors, security systems, and other safety features to receive a discount of up to 15%. U.S. military members also receive a discount. If you choose the automatic payment option, you can save up to 5%. People 55 and older can get a discount of up to 25%. If you don’t file a claim for a specified duration, you’ll save up to 20%.

Pros Cons
Water and sewer damage is part of the basic renters insurance policy Rates vary from area to areas, with some areas more expensive than others
Provide people with a wide range of discounts Most customers reported having a negative experience with their claims process
User-friendly online platforms allow you to update your insurance profile online, pay bills, and file and track claims Will need to pay a higher premium for replacement cost coverage  

Allied Insurance

Coverage Details

Optional Coverage 

Financial Strength and Customer Support Ratings

Cost per Month

They offer one of the cheapest renters insurance in Missouri, costing $16.08. You can obtain additional discounts if you combine other insurance policies with renters insurance in Missouri. If you want to obtain further discounts on your renters insurance coverage, you can equip your home with a security system, fire alarms, and smoke alarms. If you haven’t filed any claim on your renters insurance coverage for a specified number of years, you may be able to obtain a lower premium

Pros Cons
Discounts available for renters installing protective devices, being claims-free, and more Customer satisfaction for renters insurance is lower than other insurance products
Members receive a free and personalized insurance review Pay a higher premium for replacement coverage 
Standard renters insurance coverage includes stolen credit card coverage 

Farmers

Coverage Details

Optional Coverage 

Financial Strength and Customer Support Ratings

Cost per Month

renters insurance costs $21.46 each month. Although Farmers offers a wide range of discounts, it isn't available in every state. You can qualify for a discount by bundling more than one coverage option together. They also provide a discount for people who haven’t filed a claim for at least 2 continuous years. 

You will also receive discounts if you install a fire alarm or an electronic security system in your home. Certain professionals such as nurses, doctors, dentists, teachers, police personnel, engineers, and firefighters are also eligible for discounts.

Pros Cons
Provides a large variety of coverage options that people can customize as per their needs Don’t offer the cheapest renters insurance in Missouri and compared to other renters insurance companies since their rates are slightly on the higher side
You can customize your premium by decreasing or increasing the deductible in certain instances Provide a $500 limit on jewelry such as watches and jewelry, which is quite low as compared to others offering a coverage limit of up to $1,500 for each item
Offer a seamless and efficient claim process  Not available in every state

American Family

Coverage Details

Optional Coverage 

Financial Strength and Customer Support Ratings

Cost per Month

Renters insurance costs around $27.74 each month. You can save up to 30% if you combine two or more coverage options, such as renters with auto insurance. If you have installed a smart device in your home, you’ll save up to 5%. If you don’t file a claim for at least 5 continuous years, you’ll save money. 

You can also take advantage of several options, such as automated payment, full pay, and no paperwork billing. If you have been their customer for several years, you may be eligible for a lower premium on your renters insurance. If you have a parent who is also their customer, you’ll save money. 

Pros Cons
Basic replacement cost coverage included with the policy Offer renters insurance in only 19 states
Riders are available for pets, identity theft, and travel Some users complained about experiencing poor customer service
Provides around the clock phone support

List of Cities and Their Averages

City Average
Renters insurance in Kansas City, Missouri $26 per month

$309 per year

Renters insurance in St. Louis, Missouri $25 per month

$302 per year

Renters insurance in Springfield, MO $23 per month

$270 per year

Renters insurance in Columbia, MO $21 per month

$250 per year

Renters insurance in Independence, MO $24 per month

$290 per year

Buyers Guide

You can refer to this renters insurance guide to learn more about renters insurance in Missouri.

How does renters insurance work in Missouri?

Renters insurance in the state protects your personal and valuable items in the event of a fire or smoke damage, theft or vandalism, a wind storm, and several different disasters. According to the renters insurance laws in Missouri, state-level laws don’t determine the price of renters insurance in the state.

Why do you need renters insurance in Missouri and what can it help you with?

Although getting renters insurance may be optional, it’s very advisable to get it. Renters insurance protects you in cases of damage to your personal property.

It also protects your personal belongings from extreme weather situations such as thunderstorms and heavy wind. If your items become damaged due to a covered event under your renters policy, the renters insurance company will reimburse you by repairing or replacing it with another item. 

Is renters insurance required in Missouri?

According to the Missouri renters insurance laws, you don’t need to take out renters insurance. Most landlords may require you to obtain it before you can start living in their rental property. You should also get Additional Insured. In the event of a loss, it’ll create liability for the landlord, and the contractor will be responsible for fixing it. It protects the landlord from unexpected damage to the property. 

Types of renters insurance in Missouri

Broad and comprehensive packages cover several risks that are more than just theft or fire. All-risk policies will reimburse the customer for a loss regardless of how or what caused it. Name-perils policies will reimburse the customer for only those events and incidents they exclusively mentioned in the renters insurance coverage. 

What does and doesn’t renters insurance cover in Missouri?

Renters insurance covers the cost of repair or replacement of personal and valuable belongings but doesn’t cover any loss that exceeds the limit of your renters policy. 

It covers repairs if you accidentally damage another person’s property or a guest’s medical expenses.

It covers additional living expenses such as hotel bills if the rental property has become inhabitable but doesn’t cover damage to the rental property’s structure.

What are the different types of renters insurance coverage options in Missouri?

The 4 common types of insurance coverage include:

Tips on saving on renters insurance in Missouri

The average cost of renters insurance in Missouri is $22 each month or $264 each year. Most often, the average renters insurance cost that most tenants end up paying in Missouri is around $15 each month or $187 each year. 

Therefore, renting a property in the state is expensive, but you can reduce your month-to-month renters insurance by following these tips:

FAQ

Is flood damage and wind damage covered under renters insurance in Missouri?

Your renters insurance may cover wind damage but won’t cover flood damage. You’ll have to get a separate policy if you want protection against floods.

How much is renters insurance in Missouri?

Renters insurance in the state costs $22 each month and $264 each year.

What are the renter insurance laws in Missouri?

No law states that you have to obtain insurance, but the landlord may require you to get it.

Does Missouri renters insurance cover liability outside the house?

Renters insurance covers most of the items for theft both inside and outside the rental property, given you have bought sufficient coverage for them.

What Is home inventory and why do you need it?

Home inventory details all the items you own and their estimated financial values. Creating and updating it regularly will make it easier to file a claim later.

Can a landlord make you get renters insurance in Missouri?

Yes, he can if it is stipulated in the lease that you can’t rent without it. 

Is it illegal for a landlord to require you to carry renters insurance in Missouri?

No, it isn’t illegal for the landlord to ask you to carry it in Missouri.

Who has the cheapest renters insurance in Missouri?

If you’re looking for the best cheap renters insurance in Missouri, you can go with Safeco ($129.62 per year), Shelter ($132.06 per year), State Farm ($138.23 per year), and Travelers ($156.90 per year). 

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