Renters insurance in Missouri: Cost, best companies and how to save

What is the average cost of renters insurance in Missouri?

The average cost of renters insurance in Missouri is $226 per year. Rates vary depending on factors like your location, the amount of coverage you choose, your deductible, and your claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Best renters insurance company in Missouri: State Farm

State Farm ranks as the best renters insurance company in Missouri, earning a top score among the carriers we surveyed. Its average rate is $208 per year.

Shelter Insurance and Nationwide are also among the top insurance companies for renters insurance in Missouri.

Renters insurance rates vary significantly among providers, so you should compare options before choosing. You should also select a company with a good reputation to ensure it will be there if you have a claim.

To help you find the best renters insurance in Missouri, we evaluated average rates, NAIC complaints ratio, and AM Best financial ratings. We calculated the total Insurance.com score out of five using these factors.

Here are the best renters insurance companies in Missouri.

Cheapest renters insurance in Missouri

Our analysis shows that Shelter Insurance is the cheapest renters insurance company in Missouri, with an average annual premium of $206.

Renters insurance rates can differ greatly between providers, so it's best to compare quotes to find affordable coverage that meets your needs.

Here is the list of the cheapest renters insurance companies in Missouri along with their average annual premiums.

Missouri renters insurance: The least and most expensive ZIP codes

Where you live in Missouri directly affects the cost of your renters insurance. The most expensive ZIP code in Missouri is 63828, where the average annual premium is $255. This is $29 more than higher than the average rate.

In contrast, the least expensive ZIP code for renters insurance is 63432, offering coverage at $216 a year.

The table below shows the most and least expensive ZIP codes in Missouri for renters insurance.

Renters insurance cost in Missouri by city

In Missouri, renters insurance rates vary across cities due to factors such as weather risks, crime rates, and other factors. To get the best deal in your city, Compare quotes from several insurers before selecting a policy, so they weigh each factor differently.

How to save on renters insurance in Missouri

You can lower the cost of renters insurance in Missouri in several simple ways without reducing the coverage you need:

• Bundle your policies. Many insurers give a discount when you purchase renters and auto insurance together.
• Increase your deductible. Selecting a higher deductible lowers your monthly or yearly premium, but you should make sure you can afford it.
• Ask about discounts. Many insurance companies offer discounts for having smoke alarms, security systems, or a claims-free history.
• Compare quotes. Since prices vary widely between companies, getting quotes from multiple insurers helps you find the best deal.
• Pay annually. Some insurers provide a small discount if you make yearly payment instead of paying monthly.