How Much Is Home Insurance In Missouri? 2025 Rates

Insurance costs are rising across the U.S., including in Missouri. In 2024, the average price of homeowners insurance increased by 23% compared to 2023. Nicole Ganley, a spokesperson for the American Property Casualty Insurance Association, explained that this rise is due to inflation, lawsuit abuse, and higher construction costs.

Having over 20 years of experience in the industry, I can help you find an affordable insurance carrier. Here’s what you need to know about home insurance prices in Missouri.

Average Home Insurance Cost In Missouri – By Insurance Carrier

The yearly cost of home insurance in Missouri can differ depending on the provider. Several factors influence the price, such as the age and value of your home, how much personal property you want to cover, and the amount of your deductible.

Each insurance provider will weigh these factors differently, causing variations in rates. Here’s what to expect in Missouri.

Average Home Insurance Cost In Missouri – By Claims History

Filing a claim could cause your home insurance rate to increase. This depends on the type of claim, your past claims history, and how your property is assessed. If you’ve had liability claims before or own a property with a history of claims, your rate is more likely to rise.

Homeowners with just one prior homeowner claim pay 24.5% higher on average than someone with no claims.

Average Home Insurance Cost In Missouri – By Credit Score

In many states, including Missouri, your credit-based insurance score can impact the offers and rates you receive for homeowners insurance. A low credit score is often linked to higher insurance premiums.

Average Home Insurance Cost For New Homes In Missouri

Insuring a newly built home in Missouri usually costs less than insuring an older home because of the use of modern materials and compliance with current building codes. The average yearly premium for a new home is $1,477, which is less than that for an existing home $2,835.

Average Home Insurance Cost In Missouri – By Coverage Amount

The amount of coverage you choose, the types of coverage, additional policies, and any changes to your policy all affect your premiums.

These are usually the main factors that influence your insurance cost. For example, the average yearly cost to insure a $250,000 home in Missouri is $2,829.

Average Home Insurance Cost For Different Cities In Missouri

Home insurance rates can vary by city due to several factors, including the local risk of natural disasters, crime rates, and the overall cost of living.

Cities with higher crime rates or a history of frequent natural disasters like flooding or tornadoes often have higher insurance premiums, as these factors increase the risk for insurers.

How To Estimate Your Homeowners Insurance Policy Cost

There are a number of factors that are important when estimating the cost of homeowners insurance. Understanding these elements can help you make informed decisions when selecting coverage for your home.

Whether you’re a first-time buyer or looking to update your policy, knowing what impacts your premium can ensure that you get the best value for your insurance needs. Some of the major factors that companies use to determine your insurance price are as follows:

Home Value and Age: The value and age of your home play a significant role in determining your insurance premium. Newer homes have lesser premiums as compared to existing homes.

Coverage: The type of coverage you select, such as the amount of dwelling coverage, will impact your premium. More coverage or additional options will typically result in higher costs for your policy.

Location: Where your home is located can affect your premium as well. In Missouri, areas prone to flooding, tornadoes, or earthquakes tend to have higher premiums because of the increased risk of damage from these natural events.

Claim History: Your past claims history can influence your premium. If you’ve filed multiple claims, insurers may raise your rates, viewing you as a higher risk.

Deductible: The deductible you choose plays a role in your premium. A higher deductible usually leads to lower premiums, as you’re agreeing to pay more out-of-pocket if a claim is made.

Construction Materials: The materials used to build your home can also impact your premium. Homes built with fire-resistant or sturdy materials may have lower premiums because they are considered less risky to insure.