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The beauty of a condo is that it offers you the chance to own your very own place while sharing expenses like insurance and maintenance with other owners. You also get all sorts of amenities, making this an excellent investment.

Condo insurance is necessary for those who live in a condominium and it's better than just having insurance from the homeowners association. You want to make sure that you are fully covered in case of an emergency, and that your policy will protect you from any unforeseen damage.

Read this guide to know about the best condo insurance companies in Missouri, average condo insurance cost, the most and least expensive zip codes for condo insurance, and condo insurance rates by carrier.

KEY TAKEAWAYS
  • Condo owners in Missouri pay an average of $787 per year or $66 per month in condo(HO6) insurance.
  • Shelter is the cheapest condo insurance company in Missouri at only $269 per year.

Best condo insurance companies in Missouri

In Missouri, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction rating of all the major insurers across Missouri. Below are the best condo insurance companies in Missouri based on Insurance.com's analysis.

  • USAA
  • State Farm
  • American Family
  • Allstate
  • Safeco

Compare best condo insurance companies in Missouri

When it comes to finding the best condo insurance company in Missouri, it can be difficult to know where to start. There are a lot of different options out there, and it can be hard to figure out which company is the right fit for you.

That's why we've put together a list of the best condo insurance companies. We've compared the insurance providers based on their J.D. Power score and AM Best rating to help you make an informed decision.

Among the carriers surveyed, USAA scored the highest J.D. Power score, it has earned 882 scores out of 1000 and A++ ratings from AM Best. However, USAA only offers services to military veterans and their families. If you don't qualify for condo insurance from USAA, you can purchase an insurance policy from State Farm. It has received 835 scores out of 1000 from J.D. Power and AM Best rated it A++.

Compare insurance carriers and their ratings to choose the one that best suits your needs.

CompanyJ.D. Power scoreAM Best rating
USAA882A++
State Farm835A++
American Family831A
Allstate829A+
Safeco810A
Liberty Mutual806A
Travelers800A++

Average cost of condo insurance in Missouri

Condo owners in Missouri pay an average of $509 a year or $42 monthly for coverage level of $40,000 in personal property coverage, $100,000 in liability protection, and $1000 as deductible. There are several factors that affect the price of condo insurance. The size and value of the condo are two key factors, as larger and more expensive condos will tend to have higher premiums.

As with most types of insurance, the best way to get a low rate on condo insurance is to shop around, compare quotes and coverage options from different providers. 

Average annual premiumAverage monthly premium
$509$42

CONDO INSURANCE CALCULATOR

Average condo insurance rates in MISSOURI

$60,000
$1,000
$100,000
63147 - St. Louis
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $592

HIGHEST RATE: $1,587 LOWEST RATE: $188

Most & least expensive zip codes for condo insurance in Missouri

Most Expensive

Zip CodeCityHighest Rate
65672Hollister$676
65610Billings$666
65669Highlandville$664
65611Blue Eye$664

Least Expensive

Zip CodeCityLowest Rate
63074Breckenridge Hills$501
63366O Fallon$502
63303St. Charles$504
63304St. Charles$505

Condo insurance rates by companies in Missouri

Based on Insurance.com's rate analysis, Shelter is the cheapest condo insurance company in Missouri. Its average annual premium for Missouri residents is $269---$240 less than the state average ($509).

While the cost of condominium insurance will vary depending on your insurance provider, location, the coverage limits, and the deductible amount you choose. It's important to compare rates from multiple insurance companies to ensure you're getting the best deal.

Below are the companies that provide the most affordable condo insurance policies to Missouri homeowners along with their average annual premium.

CompanyAverage annual premium
Shelter$269
Amco$333
Allstate$378
American Family$418
Travelers$445
USAA$454
State Farm$490
Safeco$507
Liberty Mutual$598
Fire Ins Exch$623
Garrison$695

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