Homeowners in Missouri can expect a hard time deciding which company they should go with for home insurance. For both price and essential coverage that you need in the state, the top homeowners insurance company we recommend is Garrison. The company offers earthquake coverage and gives its policyholders numerous opportunities to lower their premium. However, Garrison is not without competition – Close on its heels are Shelter, State Farm, American Family Insurance, and AAA.
We came to our decision by analyzing each company’s market share, its coverage policies, as well as what discounts it offers to its members. We also took a hard look at each company’s ratings with BBB, AM Best, and J.D. Power.
What do you need to know about these companies? And what do you need to know about homeowners insurance in Missouri? Keep reading to find out.
The 5 Best Homeowners Insurance Companies in Missouri
- Garrison Prop & Cas Ins Co
- Shelter Mutual Insurance Co
- State Farm
- American Family Insurance
|Garrison Prop. & Cas. Ins. Co.||Shelter Mut. Ins. Co.||State Farm||American Family Insurance||AAA|
|AM Best Financial Strength Rating||A++||A||A++||A||A+|
|J.D. Power Overall Customer Satisfaction Score||N/A||N/A||4/5||3/5||N/A|
|Online Quote Tool||✓||X||✓||✓||✓|
|Compare rates||Compare rates||Compare rates||Compare rates||Compare rates|
Average Cost of Homeowners Insurance in Missouri
The average cost of homeowners insurance in Missouri, according to iii.org, is $1,285, which is slightly more than the national average of $1,211. However, there are a variety of factors that affect what each homeowner pays, regardless of where he or she lives, including:
- Home size
- Home location
- Home age
- Type of policy
- Credit score
Home Insurance Add-ons That Will Further Protect You
Missouri is subject to numerous micro earthquakes throughout the year. For that reason, you need earthquake coverage. Running through the state is a fault zone called New Madrid, and is the reason for all of the earthquakes Missouri experiences year after year. Just don’t think that because they’re ‘mini’ you don’t need earthquake protection. Seismologists predict a big one is set to hit in the not so distant future, so it’s better to be safe than sorry.
Another type of coverage you should strongly consider is sinkhole protection. Though relatively rare, the U.S. Geological Survey names Missouri as one of the seven states where sinkholes occur most often. Sinkholes can do damage to both your home and land, so it’s worth talking through the risk with your insurer and seeing whether coverage is available.
Lastly, if you’re a farmer, you may also want to consider crop insurance. With this you protect your hard work from severe weather patterns, such as droughts and flooding.
Helpful Resources for Missouri Homeowners
The Missouri Department of Insurance has a great resource page for Missourian homeowners, including a helpful how-to guide on how to read and understand a policy.There’s also a helpful PDF report on which insurers offer earthquake coverage.
Most insurance business can be done online. Unless a branch has a brick-and-mortar branch nearby, and you prefer to do business that way, there really isn’t a need to apply in person for homeowners insurance in Missouri.
To begin the application process, most insurance companies will simply start by asking you your Social Security number as well as your date of birth. Then, depending on what type of policy interests you, you may be asked specific questions about the state of your house, such as:
- How old is the water heater?
- How old is the roof?
- Have you done any recent renovations?
- How old is the plumbing?
- How old is the electrical wiring?
- Do you have a fireplace?
To answer these questions, try to have on hand the inspection report, as it should help you answer all of these questions in detail.
It is recommended that you have a homeowners insurance company selected when buying a house with a mortgage, as most lenders will not allow the closing to proceed until you have a policy in place. Your realtor will most likely help you with this.
And don’t worry if you have second thoughts about your insurance company because you can always change it.Once you’ve found an insurer that you prefer, contact the old company, tell them that you’re switching and what day you want to be your last day of service. Then you will need to notify your mortgage lender and escrow account that you’re switching (this is very important).
Obviously, you need to make sure that you are continuously covered. It’s better to have overlaps in coverage than a gap
To determine the best insurance providers in Missouri, we first started with the largest companies and then narrowed down our list by looking at independent review companies such as the Better Business Bureau, J.D. Power, S&P, AM Best, and Moody’s. From there we also looked at average premiums, tech savviness, and available discounts to narrow down our list to the five best homeowners insurance companies in Missouri.
Best Missouri Homeowners Insurance Companies
Garrison Property and Casualty Insurance Company
- Affordable premiums
- Extensive earthquake coverage
- Great customer service
- Online resources are hard to find
Garrison is technically owned by USAA, which is considered one of the best insurance companies out there. While its parent company only serves former and current military members and their families, Garrison’s policies are available to everyone in the community.
The best thing about Garrison for Missourians is that it offers really good earthquake coverage. The next best thing are its affordable premiums. It is beat only by USAA (its parent company) and AAA.
One con with Garrison is its lack of online resources. It makes up with this, however, with an exceptional customer service, according to its overall customer satisfaction scores on J.D. Powers.
Shelter Mutual Insurance Company
- Offers earthquake coverage
- A+ rating with the BBB
- Great online resources
- Slightly more expensive than other options
Shelter Mutual has an up-to-date, 21st century website, unlike other insurance companies. It offers earthquake coverage and the online reviews are very positive. The Better Business Bureau, for example, has given it an A+ rating, which is exceptional for an insurance company servicing a large portion of the country.
About the only con is that it is slightly more expensive than other options out there, but it’s still worth getting a quote to compare.
- Offers earthquake coverage
- Offers numerous discounts
- Great mobile app
- Wide range of policies
- Average customer satisfaction rating from J.D. Power
- More expensive than other options
State Farm is one of the few insurance companies that offers a fully functioning mobile app and a great range of online tools for both prospective and current policyholders.
It offers earthquake coverage, numerous opportunities to reduce your premium, as well as a wide range of policies from which to choose.
Two cons with State Farm would be that J.D. Power only gives it an average rating when it comes to customer satisfaction, and it is one of the more expensive homeowners insurance companies on the market.
American Family Insurance
- Offers earthquake coverage
- A variety of discounts available
- Multiple coverages offered
- Average reviews for customer service
First and foremost, American Family Insurance offers earthquake insurance in Missouri. Secondly, it offers policyholders a myriad of opportunities to lower their premiums and has a variety of coverage options from which to choose.
One con with American Family is that it has yet to reach exceptional reviews for customer satisfaction. It currently has only achieved an “average” rating with companies like J.D. Power.
- Very affordable premiums
- Multiple discount opportunities
- Excellent score with both AM Best and J.D. Power
- Does not offer earthquake coverage
You can’t get earthquake coverage with AAA, but you’ll save so much on your premium it might be worth your effort to purchase the additional coverage elsewhere.
AAA currently is considered a top-tiered company by both AM Best and J.D. Power. It also has an A+ rating with the Better Business Bureau.
The Cheapest Homeowner Insurance Companies In Missouri
|Homeowner Insurance Companies||Average Annual Premium|
|Garrison Prop & Cas Ins Co||$1,191|
|Shelter Mut Ins Co||$1,692|
|American Family Insurance||$1,829|
|Average Across Credit Rating Tiers||$1,387|
Homeowner Insurance by Age of Home
|Age of Home||Average Annual Premium|
|Average Across Tiers||$1,959|
Quadrant home insurance rate data as of 12/01/2019.
These rates are a sample set meant only for general comparison. Your own premium will vary.
Top 3 Cheapest Homeowner Insurance Companies in Missouri
- USAA – $1,043
- AAA – $1,070
- Garrison Prop & Cas Ins. Co – $1,191
Top 3 Most Expensive Homeowner Insurance Companies in Missouri
- Allstate – $2,238
- American Family Insurance – $1,829
- State Farm – $1,751
The cheapest homeowners insurance company is USAA, but it’s only available to current and former military service members, so for most Missourians the cheapest is AAA at $1,070. The most expensive is currently Allstate at $2,238. Keep in mind that these prices are just the average amount policyholders with these companies pay. Insurance companies use many variables to determine the price you’d pay, including your home’s size, how old it is, and where it is located. To get a more accurate quote, you will need to contact a customer service agent from the company.
Homeowners Insurance FAQ
It is not required by law, but if you use a mortgage to purchase your home then your lender will most likely require it.
The cheapest homeowners insurance in Missouri is currently offered by USAA, which has an average premium of $1,043; however, it is only available for former and current military members. The next cheapest is currently AAA with an average premium of $1,070.
The cheapest providers in Missouri are currently USAA, AAA, Garrison, and Encompass.