Who Has The Cheapest Renters Insurance Quotes in Missouri?

Many of the roughly 6 million residents are renters and live in or nearby one of the major metropolitan areas in the state, such as St. Louis, Kansas City or Springfield. To see who has the cheapest and most expensive renters insurance rates, we evaluated quotes for a sample property (a rental property with roughly 1,000 square feet of living space and $100,000 in liability coverage). The results showed the most expensive renters insurance rates were 22% higher than the cheapest. Since we used one sample property, the rates have comparative value, but are not indicative of what all tenants can expect to pay for their renters insurance.

Cheapest Renters Insurance in Missouri

In our study, we examined five companies who provide renters insurance in Missouri. We collected quotes from these companies for a 1,000 square-foot residence and found that for our sample renters policy, State Farm had the most affordable renters insurance in the state. It had an annual rate of $225, which is about 37% lower than the average rate. Here are the five major companies, ranked from cheapest to most expensive:

Rank

Cheapest Renters Insurance CompanyAverage Annual Rates

1

State Farm$225

2

Allstate313

3

Nationwide374

4

Farmers403

5

Liberty Mutual475

Average358

These rates were for a sample property. To find the best rates for yourself, we recommend you look up quotes from various insurance companies and compare.

Best Renters Insurance Rates in Missouri: by City

The five places with the best renters insurance in Missouri are all located in the southern half of the state. Four of the top five are smaller cities located outside of major metropolitan areas and one (Ellsville) is located adjacent to a major metropolis. The place with the cheapest renters insurance rates is Boonville where premiums are 4.62% lower than the state average.

Rank

CityAverage Annual Rate% Difference vs State Average

1

Boonville$376-4.62%

2

Fredericktown376-4.58%

3

Houston376-4.56%

4

Ellisville376-4.54%

5

Sedalia378-4.12%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Boonville, MO

The place with the best renters insurance rates in Missouri is Boonville. The city was the site of a battle early in American Civil War in 1861, when Union forces defeated an ill-equipped Missouri State Guard force. Today, the city has more than 8,300 residents and more than 400 buildings listed with the National Register of Historic Places. Boonville also is known for Warm Springs Ranch just west of the city, which is the primary breeding farm for the Anheuser-Busch Budweiser Clydesdale horses. Renters insurance premiums in Boonville are 4.62% lower than the state average.

Fredericktown, MO

Fredericktown, Missouri was founded in 1719 by French settlers hoping to find silver. Instead, they found lead, the metal that resulted in the growth of the city as a mining town. It's located just outside of the St. Francois Mountains, surrounded on three sides by the Mark Twain National Forest. Fredericktown ranks with the second cheapest renters insurance rates in Missouri, with premiums 4.58% lower than the state average.

Houston, MO

Coming in third on our list of the most affordable renters insurance rates in MO is Houston. Houston is a city of about 2,000 residents and has remained that size for more than 50 years. In Texas County, where the city of Houston is located, is the Texas County Technical Institute, a not-for-profit vocational and technical school specializing in adult education. It also is not far from the Mark Twain National Forest. Renters insurance premiums in Houston are 4.56% lower than the state average.

Ellisville, MO

Located in the St. Louis metro area, the city of Ellisville was named by William Hereford after a post office in Virginia. Today, the city has more than 9,100 residents and was ranked the 25th best place to live by Money Magazine in 2009. With renters insurance rates 4.54% lower than the state average, Ellisville also places with the 4th lowest renters insurance rates in our Missouri study.

Sedalia, MO

Seldalia has hosted the Missouri State Fair since 1899 and the annual event is as popular as ever. More than 400,000 visitors attend the fair, which spans nearly 400 acres of land. The annual Scott Joplin Festival, which celebrates composers of the ragtime era, happens annually in Sedalia as well. Renters insurance quotes in Sedalia also are 4.12% lower than the state average, which ranks it with the fifth least expensive rates for insuring a rental property in the Show Me State.

Most Expensive Renters Insurance in Missouri

The five places with the most expensive renters insurance in Missouri are scattered throughout the state and include teh two largest cities as well as smaller ones. The place with the most expensive rates is St. Louis, where premiums are 16.57% higher than the state average.

Rank

CityAverage Annual Rate% Difference vs State Average
1St. Louis$45916.57%

2

Macon43610.58%

3

Park Hills4319.41%

4

Eminence4309.26%

5

Kansas City4237.31%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

St. Louis, MO

The city with the most expensive renters insurance in Missouri is St. Louis. Although it is not the capital or the largest city in the state, it has more than 310,000 residents and has a significant port along the Mississippi River. It’s one of only a few cities have have lost more than 60% of its population since 1950. Premiums for renters insurance are 16.57% higher in St. Louis than the state average.

Macon, MO

Macon was first settled in 1852 by James T. Haley. The city was named after a Revolutionary War veteran named Nathaniel Macon. Today, it has more than 5,500 residents and beautiful prairie land surrounding it. The city once was rich with coal. Renters insurance rates in Macon are 10.58% higher than the state average.

Park Hills, MO

Flat River, Elvins, Esther and the village of Rivermines joined together to form the city of Park Hills in 1994. Today, the city has more than 8,500 residents who enjoy local metro parks and area outdoor recreation. Renters insurance premiums in Park Hills are 9.41% higher than the average in the state.

Eminence, MO

Eminence has about 600 residents and at the center of the Ozark National Scenic Riverways - the nation’s first protected river system. Thomas Dale Akers, a NASA astronaut, attorney and politician is from Eminence. Quotes for the study sample property were 9.26% higher than the state average.

Kansas City, MO

The largest city in Missouri has more than 470,000 residents and the attractions that most major cities have - industry, entertainment, dining, professional sports teams and more. American explorers Lewis and Clark passed through the area where Kansas City now stands and noted that the river confluence would be a good place to build a fort. Premiums are 7.31% higher than the state average.

Average Cost of Renters Insurance in Missouri: by City

Our comparative study of renters insurance premiums in Missouri was done by gathering and analyzing quotes from five major carriers across 89 cities in the state. Our analysis showed premiums from the most expensive place were 22% higher than the cheapest place in the state.

Renters Insurance Rates in Missouri

Study Methodology

Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage. We then collected quotes for that sample residence from five of the major carriers that offer a renters insurance product in the state of Missouri. We averaged rates for the sample home in each city as a benchmark to show which cities are relatively cheaper or more expensive. Those comparative values are not indicative of what tenants can expect to pay for an annual renters insurance premium.

Rank

CityAverage Annual Rate% Difference vs State Average

68

Ashland$4011.66%

71

Bethany4021.94%

48

Bolivar391-0.68%

1

Boonville376-4.62%

61

Bowling Green3970.88%

10

Branson380-3.66%

49

Brookfield391-0.67%

72

Buffalo4021.94%

26

California386-2.10%

51

Camdenton391-0.64%

13

Cape Girardeau381-3.39%

44

Carthage390-0.99%

47

Caruthersville391-0.71%

21

Chillicothe383-2.85%

65

Columbia3991.18%

58

Cuba3960.59%

17

Dexter381-3.26%

38

El Dorado Springs389-1.20%

9

Eldon379-3.92%

4

Ellisville376-4.54%

79

Elsberry4093.82%

86

Eminence4309.26%

2

Fredericktown376-4.58%

30

Fulton386-1.99%

69

Gainesville4011.72%

84

Gallatin4206.62%

80

Hamilton4093.83%

18

Hannibal381-3.21%

35

Harrisonville389-1.36%

64

Hermann3981.10%

3

Houston376-4.56%

75

Independence4022.14%

14

Jackson381-3.39%

63

Jefferson City3980.98%

42

Joplin390-1.05%

85

Kansas City4237.31%

74

Kennett4021.97%

81

Kirksville4104.07%

45

Lake Ozark391-0.79%

66

Lamar3991.24%

8

Lebanon378-3.99%

82

Lees Summit4124.50%

54

Louisiana392-0.39%

88

Macon43610.58%

6

Marshall378-4.04%

36

Marshfield389-1.35%

33

Maryville388-1.45%

76

Memphis4032.25%

28

Mexico386-2.00%

Missouri Average394-0.10%

55

Moberly3940.05%

39

Monett389-1.20%

32

Monroe City387-1.85%

25

Mound City386-2.11%

70

Neosho4011.73%

37

Nevada389-1.34%

57

New Haven3960.55%

19

Nixa382-3.17%

20

Ozark382-3.09%

56

Paris3950.23%

87

Park Hills4319.41%

16

Perryville381-3.38%

50

Piedmont391-0.66%

78

Pineville4042.55%

83

Platte City4145.11%

46

Poplar Bluff391-0.73%

24

Raytown384-2.45%

40

Republic390-1.09%

62

Richmond3980.98%

43

Rogersville390-1.02%

29

Rolla386-2.00%

12

Saint Joseph381-3.40%

27

Saint Robert386-2.05%

73

Sainte Genevieve4021.96%

5

Sedalia378-4.12%

22

Sikeston383-2.80%

15

Springfield381-3.39%

89

St. Louis45916.57%

59

Steelville3960.59%

67

Stockton3991.32%

52

Stover391-0.64%

60

Sullivan3970.74%

7

Tipton378-4.04%

41

Trenton390-1.07%

53

Troy392-0.48%

77

Versailles4032.40%

34

Warrensburg388-1.42%

23

Washington384-2.51%

31

Waynesville386-1.96%

11

Webster Groves380-3.62%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

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