Table of Contents
- How much does renters insurance cost in Missouri?
- Average price of renters insurance in Missouri by city
- Average price of renters insurance in Missouri by insurance company
- The cheapest renters insurance in Missouri: Lemonade
- Should you get Lemonade's renters insurance in Missouri?
- The best renters insurance in Missouri: State Farm
- Other Missouri renters insurance providers you should consider:
- What else do you need to know about renters insurance in Missouri?
- How we gathered our data on the cost of renters insurance in Missouri
How much does renters insurance cost in Missouri?
In Missouri, the average price of renters insurance is $22.50 per month, slightly higher than the national average of $20 per month. The lowest price we found was offered by Lemonade in St. Joseph ($10.00 per month), and the highest price we found was offered by Midvale in Kansas City ($49.50 per month).
Several factors influence the cost of renters insurance in MO:
- Weather: Missouri is a Tornado Alley state, meaning it’s prone to tornadoes (particularly between March and May). In the winter, very low temperatures and severe winter storms are also common. These weather conditions affect your rates because they have the potential to damage your belongings or force you out of your home (which insurers help pay for as part of loss-of-use coverage in renters insurance).
- Your coverage and deductible: Your renters insurance premium will be higher if you opt for more coverage or a lower deductible (the amount you’re responsible for paying out of pocket when you file a claim). This is because in both cases, your insurance provider is risking having to pay more if you file a renters insurance claim.
- Your claims and payment history: A track record of missing or late insurance payments can affect your rates and even your eligibility for renters insurance. The same is true if you have a history of filing frequent claims. Insurers also run your credit and use your credit score for pricing.
Average price of renters insurance in Missouri by city
The table below lists the average monthly and yearly cost of renters insurance in the 15 most populous cities in Missouri:
|City||Average price (monthly)||Average price (yearly)|
Average price of renters insurance in Missouri by insurance company
The following table shows the average monthly price of renters insurance offered by major insurers in Missouri as well as how these prices compare to the statewide average:
|Insurer||Price||Difference from average|
The cheapest renters insurance in Missouri: Lemonade
Lemonade offers the cheapest renters insurance in Missouri, with policies costing only $12.86 per month. Regardless of what city you live in, you can expect to pay $10 to $15 for their renters insurance.
However, Lemonade’s prices vary a bit more from city to city than their competitors’, so they don’t offer the cheapest renters insurance in every city. You’ll find better prices with a different company if you live in any of the following cities:
- Louis (where the cheapest insurer is State Farm)
- Independence (Nationwide, State Farm)
- Joplin (Nationwide, State Farm, Progressive)
Should you get Lemonade’s renters insurance in Missouri?
Whether Lemonade is right for you depends upon your needs. They achieve their affordable pricing through AI-driven customer service, which reduces the amount of staff they need.
While this means more savings in most cities, it also has some drawbacks that you should consider, particularly if you’re looking for a company that can provide you with comprehensive assistance in managing your plan and filing a claim.
Benefits of Lemonade’s renters insurance in Missouri
- Easy-to-use app: Lemonade’s business model is built around their tech-centric approach, so unsurprisingly, their app is intuitive and easy to use.
- Donation scheme: As part of their mission to “transform insurance from a necessary evil into a social good,” Lemonade donates some of your money to a charity of your choice. This means that you can get some satisfaction from knowing that your money is being put to good use.
Disadvantages of Lemonade’s renters insurance in Missouri
- Spotty customer service: One of the downsides to Lemonade’s tech-driven system is that it’s difficult getting assistance for filing a claim or purchasing a policy. There are no physical locations you can visit, and you might lose a lot of time waiting to get a customer service representative on the phone.
- Basic coverage: Lemonade’s renters insurance policies are very basic, and you won’t get quite as many options for additional coverage as you would with other companies.
Overall, if you want the cheapest renters insurance in Missouri and prefer to manage your insurance online, then Lemonade is a good choice. However, if you want more comprehensive coverage and personalized customer service, then it might be worth it to spend a few bucks more getting your renters insurance from another company.
The best renters insurance in Missouri: State Farm
State Farm is our choice for the best renters insurance in Missouri because they offer solid coverage at highly affordable rates. Their policies cost $14.20 per month on average in Missouri, which is 37% cheaper than the statewide average and only $1.34 more than Lemonade.
Benefits of State Farm’s renters insurance in Missouri
- Great coverage: In addition to automatically providing renters insurance with replacement cost coverage (some provide actual cash value coverage as the default), State Farm offers renters insurance riders for identity theft and home businesses. This is noteworthy because renters insurance doesn’t usually cover cybercrime or business property.
- Dog-friendly policies: State Farm is the only major insurer that is committed to never asking about your dog’s breed. This makes it a top choice for dog owners because regardless of the type of dog you have, you won’t be refused coverage or charged additional fees.
- Personalized customer service: State Farm has an extensive network of agents across the country who can help tailor your policy to your needs and walk you through the claim-filing process if something goes wrong.
Disadvantages of State Farm’s renters insurance in Missouri
- Inconvenient website: State Farm’s website isn’t the most intuitive or easy to navigate. It’s also been known to time out when you’re filling out their online forms, meaning you may need to go back to the beginning and start over again.
- Limited discounts: Many companies try to attract customers with special discounts on renters insurance, but State Farm only offers standard discounts that you’d get with most other companies, such as a bundling discount for combining your renters and auto insurance and a discount for installing home safety equipment.
State Farm’s disadvantages are relatively small, and overall, we found that they offered the best renters insurance in Missouri.
Other Missouri renters insurance providers you should consider:
Another insurer may offer coverage options more suited to your needs. We looked at a few other options to find the best insurance for:
- First-time renters and college students
- Sport hunters
- Dog owners
- People who already have auto insurance
Best Missouri renters insurance for first-time renters and college students: Lemonade
Lemonade is a popular choice among younger renters because of their very low rates and intuitive smartphone app. Although their limited customer service and short track record make their long-term prospects uncertain, they’re a good choice if you have minimal coverage needs or only want renters insurance for a short period.
In particular, if you’re renting your first apartment or you’re unsure about what renters insurance is, then Lemonade is a great company to start out with. They make things simple by explaining all the industry terms you might not be familiar with and explaining what renters insurance covers.
Best Missouri renters insurance for sport hunters: Allstate
Many of Missouri’s residents are hunting enthusiasts — the state is known to have some of the best whitetail deer hunting in the country. Therefore, it’s no surprise that many people look for a company that offers decent firearm coverage.
We found that the best renters insurance for gun owners is Allstate because unlike their competitors, they don’t impose sub-limits for firearms in their policies.
Best Missouri renters insurance for dog owners: State Farm
Renters insurance covers dog bites, but many insurers won’t cover breeds that they consider to be dangerous, such as pit bulls and Akitas. State Farm has an inclusive policy based on the idea that “It’s not the breed, it’s the bite.” Instead, they’ll check whether your dog has a history of biting people when deciding whether your dog qualifies for pet liability coverage as part of your renters insurance policy.
USAA has a similar policy of giving coverage for dogs on a case-by-case basis, but only former or current members of the military and their families are eligible for their renters insurance.
Best Missouri renters insurance for people with auto insurance: your current insurer
If you already have auto insurance, then you should check whether your insurer also offers renters insurance before you start looking at what other companies have to offer. Chances are that your insurance provider offers a bundling discount for combining your renters and auto insurance.
Given the high price of car insurance, a 5%–10% bundling discount could substantially reduce your monthly insurance expenses.
Where to learn more about renters insurance in Missouri
If you’re still unsure which company to choose, read our renters insurance reviews. In these articles, we provide a more detailed breakdown of each company and how they’re rated by organizations like J.D. Power and AM Best
Read our reviews of:
What else do you need to know about renters insurance in Missouri?
The rates and regulations for renters insurance vary from state to state. In this section, we’ll answer some of the most common questions people ask about renters insurance in Missouri.
Does renters insurance cover floods?
No, renters insurance generally doesn’t cover floods. Unfortunately, flooding is a common occurrence in Missouri and poses a serious threat to the homes and personal property of many residents.
The only insurance company that covers floods (and earthquakes) in their standard renters insurance policies is USAA, but like we said, their policies are only available to servicemembers, veterans, and the spouses and children of USAA members.
However, you can buy flood insurance from the government-run National Flood Insurance Program (NFIP). Although you can register on their website, the following companies have partnerships with the NFIP that allow them to provide you with flood insurance alongside your renters insurance:
- Liberty Mutual
Does renters insurance require a credit check in Missouri?
Yes, most insurance companies will run a credit check when you apply for renters insurance in Missouri. Insurers don’t need to tell you when they’ve checked your credit, although they are required to tell you if your credit negatively affects their decisions regarding your policy (for more information on how companies handle your credit information, visit the Missouri Department of Insurance webpage).
If you’re worried about a low credit score affecting the cost of your policy, then check out our guide to getting renters insurance with no credit check. Although a credit check is probably inevitable if you’re getting renters insurance in Missouri, we can offer some insider tips for reducing the impact it has on your monthly premiums.
Can landlords require renters insurance in Missouri?
Yes, landlords can require renters insurance in Missouri. Although renters insurance is not legally required in any state, landlords can make it a requirement stipulated in your lease agreement.
Many people (mistakenly) believe that their landlord has insurance that will protect their belongings, so landlords often require their tenants to get renters insurance to avoid disputes over who’s responsible for paying for damaged or stolen property.
How we gathered our data on the cost of renters insurance in Missouri
To find out the average price of renters insurance in Missouri, we obtained quotes from all the top insurance providers in the state.
The renters insurance quotes assume the following:
- Insured party: 30-year old male, employed, unmarried, with no pets
- Personal property coverage: $30,000
- Personal liability coverage: $100,000
- Guest medical coverage: $1,000
- Loss-of-use coverage: Insurer’s default (usually based on personal property coverage)
- Deductible: $500
When determining pricing, insurers take demographics into account, so quotes vary from person to person. This means that your rates won’t be exactly the same as ours, but the difference shouldn’t be too significant.
Note: These monthly rates don’t include installation fees or down payments. To learn how to avoid these charges, read our guide on how to get renters insurance with no down payment.
You can see all of the prices we collected in the table below. Scroll to the right to see the complete data set.
|City||Allstate||Geico||Progressive||State Farm||Liberty Mutual||Nationwide||Lemonade||Homesite||Farmers|