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 $210 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."

Average annual premium	$367
Average monthly premium	$31

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Best renters insurance company in Missouri: Shelter Insurance

Shelter Insurance ranks as the best renters insurance company in Missouri, earning a top score among the carriers we surveyed. Its average rate is $206 per year.

State Farm and Farmers 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.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
Southern Farm Bureau	$312	A-	0.23	5
Farmers	$357	A	0.54	4.33
Nationwide	$296	A+	0.87	3.98
State Farm	$283	A++	0.95	3.95
Travelers	$717	A++	0.54	3.53
Allstate	$763	A+	0.9	2.68

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Cheapest renters insurance in Missouri

Our analysis shows that State Farm is the cheapest renters insurance company in Missouri, with an average annual premium of $189.

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.

Company name	Average annual premium
State Farm	$283
Nationwide	$296
Southern Farm Bureau	$312
Farmers	$357
Travelers	$717
Allstate	$763
USAA	$140

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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 63878, where the average annual premium is $233. This is $23 more than higher than the average rate.

In contrast, the least expensive ZIP code for renters insurance is 63501, offering coverage at $200 a year.

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

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Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
39558	$627
39595	$626
39555	$617
39581	$609
39553	$608
39571	$607
39564	$607
39520	$605
39567	$605
39530	$604

ZIP code	Average annual rate
39361	$310
39162	$313
39354	$315
39057	$315
39352	$316
38957	$318
38953	$319
39767	$320
38920	$321
38720	$322

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.

City	Annual insurance premium
Blue Springs	$209
Columbia	$200
Independence	$214
Kansas City	$215
Lee's Summit	$206
Springfield	$205
St. Charles	$208
St. Joseph	$201
St. Louis	$233

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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.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: Missouri renters insurance

Do I need renters insurance in Missouri?

You do not legally require renters insurance, but your landlord may require you to carry a policy as part of your lease agreement.

How much renters insurance do I need in Missouri?

You should make sure your personal property coverage is sufficient to replace all of your belongings at replacement cost; there is no minimum requirement.