Haris Ashley
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor). These scores help prospective customers compare providers and find a well-rounded carrier that suits their needs. AM Best's ratings are based on the provider's ability to follow through with a payout when a consumer files a claim. According to AM Best's ratings, here are some of the best homeowners insurance companies in Missouri: USAA, State Farm, American Family, Travelers, and Amica.
| Characteristics | Values |
|---|---|
| Average Annual Premium | $2,264.73 |
| Average Annual Cost of Home Insurance | $3,290, $3,543, $1,558 |
| Average Premium for $300K Dwelling | $2,440, $2,014 |
| Average Premium for $250K Dwelling | $1,190 |
| Average Premium for $200K Dwelling | $1,832.59 |
| Cheapest Home Insurance Companies | Armed Forces Insurance, AAA, USAA, American Family, State Farm, Auto Club Enterprises (AAA), Travelers |
| Best Home Insurance Companies | Amica, State Farm, American Family, Nationwide, Allstate, USAA, Travelers |
| Factors Affecting Premium | Credit Score, Age of Home, Zip Code, Coverage Type |
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What You'll Learn
USAA
Another notable feature of USAA's coverage is replacement cost coverage, which is usually offered as an add-on by other insurers. This means that depreciation is not factored into the evaluation of a claim. USAA also provides coverage for military uniforms and equipment, which is specifically tailored to the needs of the military community.
Overall, USAA is a highly trusted and reputable homeowners insurance company, offering competitive rates and comprehensive coverage for those who meet the eligibility criteria.
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Amica
The average annual premium for homeowners insurance in Missouri is $2,264.73, higher than the national average of $1,312. This is due to Missouri's history of extreme storms, as well as sustained inflation, labour shortages, rising construction costs, and severe natural disasters. Missouri is prone to earthquakes, flooding, storms, tornadoes, and sinkholes, so it is important to have adequate coverage to protect your home from wind and storm damage.
While homeowners insurance isn't a legal requirement in Missouri, it is likely required by your lender if you have a mortgage on your home. It is a good idea to compare price quotes from different insurance companies to get the best deal.
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State Farm
According to Policygenius, State Farm is the best home insurance company in Missouri, thanks to its large selection of policy options, high customer service marks, and industry-best financial strength and stability. The average cost of home insurance from State Farm in Missouri is $2,604 per year, which is 1% more expensive than the statewide average. State Farm lets homeowners get extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, and more. State Farm's customer service is highly rated, with high ratings from policyholders according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys.
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Travelers
While Travelers offers notably low rates in some parts of the country, its rates are generally considered high. In Missouri, it is the cheapest option for those who do not qualify for USAA coverage. However, in national subcategory ratings, Travelers places last in every category except cost. It received a rating of 3.8 out of 5 stars in Insurance.com's 2025 ranking, indicating mixed reviews.
Overall, Travelers is a good option for Missouri homeowners seeking affordable coverage, as it offers a range of standard and optional coverages, various discounts, and the ability to purchase additional protection. However, its low ranking in national subcategory ratings may be a consideration for some.
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American Family
According to Policygenius, American Family Insurance is one of the cheapest home insurance companies in Missouri, along with Armed Forces Insurance, AAA, USAA, and State Farm.
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Frequently asked questions
The average cost of homeowners insurance in Missouri is $3,543 a year or $295 a month. However, some sources state that the average cost is $1,558 or $2,440 a year.
The best homeowners insurance companies in Missouri are USAA, State Farm, Amica, American Family, and Travelers.
Some cheap homeowners insurance companies in Missouri are USAA, AAA, and Travelers.
The cost of homeowners insurance in Missouri depends on the insurance company, your ZIP code, coverage type, your home's age, and other factors. Generally, the more dwelling coverage you have, the higher your insurance rates will be.
