The Best Cheap Renters Insurance in Missouri

The average cost of renters insurance in Missouri is $21 per month. Lemonade's low rates can save you 33% compared to the state average price.

Cheapest renters insurance companies in Missouri

The average price of coverage in Missouri is $21 per month, and Lemonade is the only insurance company that offers significant savings. There is a big difference between the most and least affordable options. Allstate and Farmers are the most expensive companies by a large margin.

Missouri renters pay 16% more for renters insurance than the average American. Across the country, renters insurance costs about $18 per month, on average.

Cheapest renters insurance companies in Missouri

Best renters insurance for most people: Lemonade

Lemonade is our top recommendation for cheap renters insurance in Missouri. It has the lowest price of any insurance company in the state, at just $14 per month. That's 33% cheaper than the average rate statewide and saves renters $83 per year.

We found the experience of signing up and using Lemonade renters insurance to be convenient and straightforward. It has a best-in-class mobile app and online sign-up experience, so getting coverage is quick.

But Lemonade's focus on its mobile apps does have a drawback. It can be harder to get in touch with a person if you have a question about your policy, and Lemonade doesn't have any physical agencies at all.

We found coverage options at Lemonade to be satisfactory but not industry-leading. It offers replacement cost coverage and valuable items protection. But you'll miss out on some other options, like identity theft protection.

Best rated: Amica

For renters willing to spend more than the minimum for great service, we recommend Amica. It's only a few dollars more per month than our top pick and is consistently well-rated by its customers.

Amica received a top score in our ratings for renters insurance, reflecting the positive experiences customers tend to have while buying a policy or making a claim. Amica receives only 12% as many complaints as an average insurance company its size, according to the National Association of Insurance Commissioners (NAIC) — suggesting customers are very likely to be satisfied with their experience.

The average price at Amica is about $20 per month, or $235 per year. That's $6 more per month than our top pick, Lemonade, but still slightly cheaper than the state average.

However, you may be able to reduce your price by taking advantage of Amica's discounts. These include savings for being claim-free and bundling your renters insurance with an auto policy.

Best renters insurance for complete coverage: Nationwide

People who want more than standard coverage should consider Nationwide renters insurance. Nationwide's prices for renters insurance are slightly cheaper than average, with an average price of $19 per month. That's 7% cheaper than the statewide average price.

Nationwide offers a number of useful ways to increase coverage through add-ons such as:

Unfortunately, Nationwide doesn't offer many ways to lower the price of your renters insurance. People who already have an auto policy with Nationwide stand to reduce their premiums the most. You could also save if you have a clean insurance history or live in a house outfitted with safety equipment, like smoke alarms.

Best for military families: USAA

USAA offers the best renters insurance in Missouri of any of the providers we surveyed; however, it's only available to people affiliated with the military, including the families of active and retired service members.

The coverages that come with a standard USAA policy make it the best renters insurance in the state for anyone associated with the military. A typical policy includes replacement cost coverage, flood insurance and earthquake protection. The latter two of these are especially valuable for Missourans, many of whom live near the state's large rivers or the volatile New Madrid fault line.

On top of its premium coverage, USAA renters insurance has highly satisfied customers, according to data from the National Association of Insurance Commissioners (NAIC) and J.D. Power. It receives only half of the complaints you'd expect for a company of its size, and it's one of the top-rated insurers in the country, according to J.D. Power.

Missouri renters insurance: Costs by city

The cheapest of the state's largest cities is Columbia, where the average rate is just $234 annually. That's 7% cheaper than the state average of $251.

Renters insurance costs can change based on where you live. Your bill might be more expensive if you live in an area with a higher crime rate, or lower if your home is located on high ground, away from a flood zone.

Top-rated renters insurance companies in Missouri

Both companies received positive ratings from customers and few complaints according to the NAIC. They also received strong ratings from the ValuePenguin editors, and USAA is J.D. Power's top pick for customer satisfaction.

Frequently asked questions

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Methodology

We evaluated renters insurance prices from six major insurance companies in 21 of the largest cities and census-designated places across the state of Missouri. All sample quotes are for a single 25-year-old renter who lives alone and has no recent renters insurance claims.

Top picks are determined by our experts, who analyze rates, customer service and coverage options.

Renters insurance star ratings are based on the National Association of Insurance Commissioners (NAIC) complaint index, the J.D. Power customer service satisfaction index and ValuePenguin's editors' rankings.