Best & Cheapest Homeowners Insurance in Springfield, MO For May, 2024
In Springfield, Allstate provides the most economical home insurance option for homeowners, with an average annual cost of $1,872.
After thoroughly evaluating homeowners insurance providers in Springfield, Missouri, we discovered that Allstate offers the most budget-friendly option, with an average annual rate of $1,872. However, it’s crucial to consider that the best insurer for you can vary based on your unique circumstances and requirements.
For example, if your credit score has taken a hit, USAA remains the most affordable choice, with an average yearly premium of $2,438. Conversely, if you own an older home, State Farm provides competitive rates at $2,391 per year while offering comprehensive coverage.
Additionally, for individuals with a history of claims, USAA offers an affordable option at $2,317 annually and is understanding of your situation.
Our detailed analysis at Insuranceopedia is designed to help you find the ideal fit for your homeowners insurance needs. We compare customer ratings, assess personal experiences, and provide comparison charts to equip you with all the information needed to make a well-informed decision.
How much is homeowners insurance in Springfield, MO?
In Springfield, Allstate provides the most cost-effective homeowners insurance rate, priced at $1,872 per year.
The insurance rates in Springfield are higher than the national average, as mentioned below. However, they are lower compared to the average rates for the state of Missouri.
| Area | Average Monthly Rate |
| National | $1,820 |
| Missouri | $2,710 |
| Springfield | $2,480 |
It’s crucial to recognize that insurance rates are not uniform and can vary significantly based on several factors.
Cheapest Homeowners Insurance in Springfield, MO 2024
Our Methodology
In our search for the most affordable home insurance rates in Springfield, we analyzed data from multiple home insurance review platforms. These platforms gathered rates from public filings acquired through Quadrant Information Services, and we calculated an average of these rates for our evaluation. However, it's important to note that rates from each company can fluctuate regularly and may differ based on your specific circumstances. In addition to the aggregated data, our overall rating incorporates my subjective assessment. This evaluation is founded on my fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest homeowners insurance in Springfield, MO
Allstate stands out as the top choice for affordable homeowners insurance in Springfield, Missouri, offering an average annual rate of $1,872.
| Company | Annual Premium |
| Allstate | $1,872 |
| USAA | $2,042 |
| State Farm | $2,395 |
| Shelter | $3,422 |
| Nationwide | $4,032 |
Several factors influence your insurance premium, such as your location, the value of your home, and your claims history. Allstate provides a well-rounded combination of affordability and comprehensive coverage options.
Cheapest Homeowners Insurance In Springfield If You Have an Older Home
State Farm provides the most cost-effective rates for individuals with older homes, averaging $2,015 per year.
| Insurance Company | Average Annual Premium |
| State Farm | $2,015 |
| Allstate | $2,530 |
| American Family | $2,897 |
| Nationwide | $2,992 |
| Shelter | $3,214 |
Older homes typically have unique risks and maintenance challenges that may result in higher insurance costs. However, State Farm offers competitive rates and comprehensive coverage specifically tailored to address the distinct needs of older homes.
Cheapest Homeowners Insurance If You Have Poor Credit
USAA provides the most affordable option for individuals with poor credit scores, offering an average annual rate of $2,428.
| Insurance Company | Average Annual Premium |
| USAA | $2,438 |
| Allstate | $2,870 |
| Nationwide | $4,097 |
| State Farm | $4,215 |
| Shelter | $5,430 |
Your credit score significantly influences your insurance rates because insurers use it to assess risk. USAA recognizes the importance of providing fair coverage to everyone, regardless of their financial history, by offering equitable rates.
Cheapest Home Insurance In Springfield for a History of Claims
| Insurance Company | Average Annual Premium |
| USAA | $2,317 |
| State Farm | $2,735 |
| Allstate | $3,300 |
| Shelter | $4,804 |
| Nationwide | $5,110 |
Having a history of claims can suggest higher risk to insurers, often resulting in elevated premiums. Nonetheless, USAA believes in offering second chances and provides reasonable rates for individuals with past claims.
Best Homeowners Insurance Companies in Springfield, MO
Selecting the appropriate homeowners insurance isn’t just essential; it’s a strategic choice. Springfield’s homes, steeped in history, are as individual as its inhabitants. Hence, it’s vital to find an insurance provider that offers comprehensive coverage at competitive rates.
To streamline your decision-making, we’ve curated a list of the leading homeowners insurance companies in Springfield, Missouri. These companies have been evaluated based on their annual premiums, coverage choices, customer satisfaction scores, and overall dependability. Refer to our comparison chart below to discover the ideal fit for your home insurance requirements.
| Company | Annual Premium |
| Allstate | $1,872 |
| USAA | $2,042 |
| State Farm | $2,395 |
| Shelter | $3,422 |
| Nationwide | $4,032 |
| AAA | $1,960 |
| American Family | $2,878 |
Average Home Insurance Rates by Zip Codes
The price of homeowners insurance in Springfield, MO can differ greatly depending on the zip code. Here are tables displaying the rates for various zip codes in Springfield, including the least costly and most costly ones for annual home insurance premiums in the area.
| ZIP Code | Average Insurance Premium (Annual) |
| 65806 | $2,067 |
| 65809 | $2,076 |
| 65801 | $2,077 |
| 65804 | $2,391 |
| 65802 | $2,392 |
Cheapest Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 65809 | $2,076 |
| 65801 | $2,077 |
| 65808 | $2,087 |
Most Expensive Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 65806 | $2,067 |
| 65804 | $2,391 |
| 65802 | $2,392 |
Average Home Insurance Rates in Springfield, MO by Deductible Amount
The deductible amount you choose for your homeowners insurance policy can greatly influence the premium rates in Springfield, MO. Here’s how the average home insurance rates differ based on various deductible amounts:
| Deductible | Annual Rate |
| $500 | $2,540 |
| $1,000 | $2,476 |
| $1,500 | $2,332 |
| $2,000 | $2,212 |
| $5,000 | $1,897 |
Average Home Insurance Rates in Springfield, MO By Coverage Amount
The amount of dwelling coverage you select is a crucial factor that affects your premium. It represents the maximum sum your insurer will pay to rebuild or repair your home if it’s damaged or destroyed.
Here’s a comparison chart displaying the average annual premiums for homeowners insurance across various dwelling coverage amounts.
| Dwelling Coverage Amount | Average Annual Premium |
| $200,000 | $1,930 |
| $250,000 | $2,143 |
| $300,000 | $2,635 |
| $350,000 | $2,768 |
| $400,000 | $3,260 |
Average Home Insurance Rates in Springfield, MO by Company
| Company | Annual Premium |
| Allstate | $1,872 |
| USAA | $2,042 |
| State Farm | $2,395 |
| Shelter | $3,422 |
| Nationwide | $4,032 |
| AAA | $1,960 |
| American Family | $2,878 |
How Much is Homeowners Insurance for Other Cities in Missouri?
Here’s a comprehensive comparison chart highlighting the most affordable companies and their yearly premiums across different cities in Missouri.
| City | Annual Premium |
| Kansas City | $2,841 |
| Independence | $2,879 |
| O’Fallon | $2,361 |
| St. Charles | $2,440 |
Getting Online Homeowners Insurance Quotes in Missouri
Platforms like Insuranceopedia make it easy to find customized coverage that suits your needs. They offer fast online quotes from reputable insurers, allowing you to compare rates seamlessly.
Simply input your information, and Insuranceopedia will provide a range of options tailored to your requirements. This enables you to choose a policy confidently, balancing cost with comprehensive coverage.
FAQs
Who has the cheapest home insurance in Springfield, MO?
In Springfield, Missouri, Allstate offers the most affordable homeowners insurance option, with an annual premium of $1,872.
What is the average cost of home insurance in Springfield, MO?
The typical cost of homeowners insurance in Springfield, Missouri, averages around $2,480 per year.
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