- Best condo insurance companies in Missouri
- Average condo insurance cost in Missouri
- Condo insurance rates in Missouri by company and coverage level
- Condo insurance rates by company in Missouri
- Compare condo insurance rates by city in Missouri
- Methodology
- FAQ
- Compare Missouri condo insurance rates with other states
Best condo insurance companies in Missouri
There are many companies offering condo insurance coverage in Missouri. State Farm is the best condo insurance company in Missouri based on our analysis. Our insurance experts reviewed prices and ratings from trusted sources like the National Association of Insurance Commissioners (NAIC) and AM Best.
Based on our research, here are the best condo insurance companies in Missouri.
| Company | Annual annual premium | AM Best | NAIC | Insurance.com rating |
|---|---|---|---|---|
| State Farm | $366 | A+ | 1.15 | |
| Shelter Insurance | $283 | A | 0.39 | |
| Allstate | $577 | A+ | 1.26 | |
| Farmers | $754 | A | 0.89 | |
| American Family | $879 | A | 1.07 | |
| Nationwide | $875 | A | 1.34 |
Average condo insurance cost in Missouri
The average cost of condo insurance in Missouri is $622 per year, or $52 per month. This is based on a policy with $60,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible. Your actual annual premium will vary depending on:
- Where you live
- Coverage limits and deductible
- Age of the building and construction materials
- Your claims history and credit score
To secure the lowest rate, compare quotes from multiple insurance providers and choose the policy that best meets your needs.
| Average annual premium | $622 |
| Average monthly premium | $52 |
Condo insurance rates in Missouri by company and coverage level
Shelter Insurance offers the lowest condo insurance rates in Missouri for coverage limits of $60,000 for personal property and $300,000 for liability with a $1,000 deductible.
The second most affordable option is State Farm, with an annual rate of $366. However, your rates will vary based on the coverage level you select.
The table below presents condo insurance rates from top companies at various coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| Shelter Insurance | $249 | $264 | $268 | $283 | $271 | $286 | $271 | $286 |
| State Farm | $307 | $320 | $353 | $366 | $390 | $403 | $422 | $435 |
| Allstate | $497 | $513 | $562 | $577 | $615 | $631 | $658 | $674 |
| Farmers | $637 | $691 | $700 | $754 | $767 | $821 | $833 | $887 |
| Nationwide | $786 | $825 | $836 | $875 | $888 | $928 | $943 | $982 |
| American Family | $760 | $791 | $845 | $879 | $914 | $949 | $972 | $1,009 |
Condo insurance rates by company in Missouri
The cheapest option is Shelter Insurance, followed by State Farm and Allstate as the second and third most affordable choices. However, condo insurance rates in Missouri vary by company, so it's a good idea to shop around and compare quotes.
The table below shows condo insurance rates from major companies in Missouri.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| Shelter Insurance | $283 | $24 |
| State Farm | $366 | $31 |
| Allstate | $577 | $48 |
| Farmers | $754 | $63 |
| Nationwide | $875 | $73 |
| American Family | $879 | $73 |
Compare condo insurance rates by city in Missouri
Condo insurance rates in Missouri vary by city, with factors such as weather and crime rates influencing pricing. To find the most affordable and reliable condo insurance in your city, take these factors into account and compare quotes from multiple insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
FAQ
Is condo insurance required in Missouri?
No, condo insurance is not require by law in Missouri, but your mortgage company will require it.
What does condo insurance typically cover in Missouri?
Condo insurance covers your personal property, the interior of your unit, loss of use and personal liability.
How can I lower my condo insurance premium in Missouri?
To lower your rates, shop around, ask about discounts and bundle your condo and auto insurance.
