Best & Cheapest Homeowners Insurance in St. Louis, MO For April, 2024

USAA offers the cheapest home insurance for homeowners in St. Louis, with an average yearly cost of $1,841.

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Updated: 26 March 2024
Written by
Bob Phillips
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After conducting a thorough assessment of homeowners insurance providers in St. Louis, Missouri, we found USAA to be the most budget-friendly option, with an average annual rate of $1,841. However, it’s important to note that the best insurer for you can depend on your individual circumstances and needs.

For instance, if your credit score has suffered, USAA remains the most affordable choice with an average yearly premium of $2,380. Conversely, if you have an older home, Allstate offers competitive rates of $2,015 per year along with comprehensive coverage.

On the other hand, if you own a newly built home, Allstate once again provides the most cost-effective solution at $1,536 per year. And for individuals with a history of claims, State Farm offers an affordable option at $2,897 annually while also being understanding of your situation.

Lastly, if you have valuable personal property that requires protection, USAA is the recommended choice, offering extensive coverage at a reasonable rate of $1,924 per year.

Our detailed analysis at Insuranceopedia aims to assist you in finding the perfect fit for your homeowners insurance needs. We compare customer ratings, evaluate personal experiences, and present comparison charts to provide you with all the information necessary to make an informed decision.

How much is homeowners insurance in St. Louis, MO?

USAA offers the most affordable homeowners insurance rate in St. Louis, priced at $1,841 per year.

As indicated below, the insurance rates in St. Louis are above the national average. Nonetheless, they are lower than the average rates for the state of Missouri.

Area Average Monthly Rate
National $1,820
Missouri $2,710
St. Louis $2,570

It’s important to understand that insurance rates are not standardized and can vary significantly based on multiple factors.

For instance, your personal driving history plays a crucial role; having a record of traffic violations or accidents generally leads to higher insurance expenses compared to maintaining a clean driving record. Moreover, the type and model of your vehicle are significant considerations, as luxury or high-performance cars typically come with higher insurance costs.

The location where you reside can also impact your insurance rates, with urban areas often experiencing elevated premiums due to increased risks of theft or accidents in densely populated regions. Additionally, factors such as your age and marital status can influence the amount you pay for car insurance.

Cheapest Homeowners Insurance in St. Louis, MO 2024

Our Methodology

To find the most cost-effective home insurance rates in St. Louis, we examined data from various home insurance review platforms. Some of these platforms assessed rates gathered from public filings obtained through Quadrant Information Services. We calculated an average of these rates for our assessment. However, it's essential to understand that rates from each company can change frequently and may vary based on your individual situation. Apart from the aggregated data, our overall rating includes my subjective evaluation. This assessment is based on my fifteen years of experience as a licensed insurance agent and more than three decades of purchasing home insurance.

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Quotes Analyzed

15+

Years Of Industry Experience

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Brands Reviewed

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Research Hours

Cheapest homeowners insurance in St. Louis, MO

USAA is the standout option for budget-friendly homeowners insurance in St. Louis, Missouri, with an average annual rate of $1,841.

Company Annual Premium
USAA $1,841
Allstate $2,070
State Farm $2,468
Nationwide $2,856
Farmers $5,116

Your insurance premium is influenced by multiple factors, including your location, home value, and claims history. USAA offers a balanced blend of affordability and comprehensive coverage options.

Cheapest Homeowners Insurance In St. Louis If You Have an Older Home

For individuals with older homes, Allstate offers the most cost-effective rates, averaging $2,015 per year.

Insurance Company Average Annual Premium
Allstate $2,015
Nationwide $2,530
State Farm $2,556
Shelter $3,142
Farmers $5,416

Older homes often come with unique risks and maintenance challenges that can lead to higher insurance costs. However, Allstate provides competitive rates and comprehensive coverage tailored to address the specific needs of older homes.

Cheapest Homeowners Insurance If You Have Poor Credit

USAA offers the most affordable option for individuals with poor credit scores, with an average annual rate of $2,380.

Insurance Company Average Annual Premium
USAA $2,380
Allstate $2,990
Nationwide $3,561
State Farm $4,245
Shelter $5,362

Your credit score plays a major role in determining your insurance rates as it is a key factor that insurers consider when evaluating risk. USAA understands the importance of offering equitable coverage to all individuals, regardless of their financial background.

Cheapest Homeowners Insurance for Newly Constructed Homes

If you’ve recently acquired a newly constructed home, Allstate offers the most cost-effective option, with an average annual rate of $1,536.

Insurance Company Average Annual Premium
Allstate $1,536
State Farm $1,753
Travelers $1,858
American Family $2,084
Farmers $3,432

Newly constructed homes often require unique coverage compared to older properties, and Allstate stands out in providing affordable policies tailored to meet these specific needs.

Cheapest Home Insurance Rates for Lots of Personal Property

If you own a significant amount of personal property, USAA offers the most affordable rates, averaging $1,924 per year.

Insurance Company Average Annual Premium
USAA $1,924
State Farm $2,410
Allstate $2,680
Allied $2,817
Farmers $4,372

As your personal property grows, your coverage needs also increase, which can result in higher premiums. However, USAA provides comprehensive coverage at reasonable rates, ensuring that all your belongings receive adequate protection.

Cheapest Home Insurance In St. Louis for a History of Claims

For homeowners who have a history of claims, State Farm provides an affordable solution, with an average annual rate of $2,897.

Insurance Company Average Annual Premium
Sate Farm $2,897
Allstate $3,390
Nationwide $4,386
Shelter $4,740
Farmers $9,657

A history of claims can indicate increased risk for insurers, often leading to higher premiums. However, State Farm believes in offering second chances and provides reasonable rates for individuals with previous claims.

Best Homeowners Insurance Companies in St. Louis, MO

Choosing the right homeowners insurance is not just a necessity; it’s a strategic decision. St. Louis’s homes, rich in history, are as unique as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive prices becomes crucial.

To simplify your decision-making process, we have compiled a list of the top homeowners insurance companies in St. Louis, Missouri. These companies have been assessed based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below to find the perfect match for your home insurance needs.

Company Annual Premium
USAA $1,841
Allstate $2,070
State Farm $2,468
Nationwide $2,856
Travelers $1,760
Farmers $5,116
American Family $3,430
Shelter $3,968

Average Home Insurance Rates by Zip Codes

Homeowners insurance costs in St. Louis, MO can vary significantly based on the zip code. Below are tables that show rates for different zip codes in St. Louis, including the least expensive and most expensive zip codes in the area for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
63128 $2,066
63125 $2,075
63123 $2,076
63140 $2,390
63120 $2,390

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
63128 $2,066
63125 $2,075
63123 $2,076

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
63140 $2,390
63120 $2,390
63147 $2,402

Average Home Insurance Rates in St. Louis, MO by Deductible Amount

The deductible amount selected for a homeowners insurance policy has a significant impact on premium rates in St. Louis, MO. Here’s how the average home insurance rates vary based on different deductible amounts:

Deductible Annual Rate
$500 $2,740
$1,000 $2,687
$1,500 $2,456
$2,000 $2,210
$5,000 $1,909

Average Home Insurance Rates in St. Louis, MO By Coverage Amount

One of the key factors that influences your premium is the dwelling coverage amount, which indicates the maximum sum your insurance company will pay to rebuild or repair your home in case of damage or destruction.

Below is a comparison chart showing the average annual homeowners insurance premiums for different dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$200,000 $1,940
$250,000 $2,243
$300,000 $2,655
$350,000 $2,868
$400,000 $3,360

Average Home Insurance Rates in St. Louis, MO by Company

Below is a comparison showing the annual premiums from some of the top insurance companies in St. Louis.

Company Annual Premium
USAA $1,841
Allstate $2,070
State Farm $2,468
Nationwide $2,856
Travelers $1,760
Farmers $5,116
American Family $3,430
Shelter $3,968

How Much is Homeowners Insurance for Other Cities in Missouri?

Here is a detailed comparison chart showing the most cost-effective insurance companies and their annual premiums across various 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

Informative platforms such as Insuranceopedia simplify the process of finding the perfect coverage tailored to your needs with just a few clicks. By providing quick online quotes from top-rated insurers, Insuranceopedia allows you to compare rates effortlessly.

All you need to do is enter your information, and let us do the work for you by presenting a range of options customized to your requirements. This way, you can confidently choose a policy that offers the best value, striking the right balance between cost and comprehensive coverage.

 

FAQs

Who has the cheapest home insurance in St. Louis, MO?

USAA provides the least expensive homeowners insurance in St. Louis, Missouri, with an annual premium of $1,841.

What is the average cost of home insurance in St. Louis, MO?

On average, homeowners insurance in St. Louis, Missouri, costs approximately $2,570 per year.

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