Renters Insurance

The Best Cheap Renters Insurance in Missouri

Finding the renters insurance that best meets your needs involves picking a policy that combines affordability, protective coverage options and attentive customer service. To help you, we gathered 125 quotes from across Missouri.

Compare cheap renters insurance options in Missouri

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In Missouri, the cheapest renters insurance we found was for $13 per month, an annual payment of $159. Below, we reveal which provider carried the cheapest coverage in Missouri before detailing our picks for the best renters insurance in the state.


Best for most renters

State Farm logo
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Best for complete coverage

Nationwide logo
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Best for military families

USAA
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Methodology

Best renters insurance for most people: State Farm

State Farm has the cheapest coverage in an otherwise expensive state.
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Read the full review.

The good:

  • Lowest renters insurance premiums on average
  • Great customer service, especially for its size

The bad:

  • Few ways to upgrade State Farm's basic policy

For most people in Missouri, State Farm is the best renters insurance. On average, State Farm's premiums are only $13 per month — 40% cheaper than the statewide average. In Missouri, where prices are far more expensive than what most U.S. renters pay for coverage, State Farm's affordability is especially important.

State Farm's coverage comes with all the protections usually offered by renters insurance companies. To upgrade, you can purchase earthquake insurance and increase your personal property or liability coverage. Otherwise, State Farm's extra forms of coverage, or endorsements, aren't as extensive as other insurers.

We encourage you to consider State Farm for its customer service. Among the other companies in Missouri that we surveyed, State Farm renters insurance is the most highly rated. It receives far fewer complaints than its large market share would suggest. State Farm's service is also near the top of J.D. Power's customer satisfaction study.

Best renters insurance for complete coverage: Nationwide

Nationwide's varied list of endorsements gives buyers many ways to enhance their standard policies.
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Read the full review.

The good:

  • Lots of useful add-ons available
  • Affordable coverage in an expensive state

The bad:

  • Not many ways to lower your premiums

People who want more than standard coverage should consider Nationwide renters insurance. Nationwide offers a number of useful ways to increase coverage through add-ons such as:

  • Water backup protection: Covers expenses that arise from water damage caused by broken or malfunctioning sinks or drains.
  • Identity theft coverage: For about $4 per month, Nationwide monitors your financial information and, in the event of a breach, covers up to $25,000 of damages and legal services.
  • Replacement-cost coverage: Reimburses you for the full value of your lost or stolen property, without considering how it's depreciated over time.
  • Valuables plus insurance: You can add extra coverage to special items, such as jewelry or firearms, which aren't covered in full by a standard policy.

Importantly, Nationwide is an affordable option for renters insurance — even in Missouri, where providers can charge more than $400 per year in some cities. Nationwide costs an average of $16 per month, which is 26% cheaper than the typical premium in Missouri. While your rates will increase from adding endorsements, Nationwide's low starting rates can partially offset any price raises.

Unfortunately, Nationwide doesn't offer many ways to lower the price of your renters insurance. People who already have an auto policy with the company stand to reduce their policies 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 includes many premium coverages in its standard policies without additional charge.
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Read the full review

The good:

  • Earthquake and replacement cost coverage for free
  • Top-rated service

The bad:

  • Not available to every renter

USAA offers the best renters insurance in Missouri of any of the providers we surveyed; however, it's only available to military service members, including the families of active and retired servicemembers. These people are the only ones who can request detailed rate information from USAA.

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 about a fourth of the complaints you'd expect for a company its size. Additionally, USAA renters insurance has the second-best service, according to J.D. Power.

How we chose the best renters insurance in Missouri

Our analysis of the best renters insurance in Missouri is based on evaluations of three qualities, which each insurer possesses:

  • Affordability: The cost of coverage for the state's typical renters.
  • Coverage options: The strength of your policy's basic features and the range of upgrades.
  • Customer service: A comparison of how well each company meets the needs of its policyholders.

Affordability: Calculating the cost of coverage for Missouri's renters

The average cost of renters insurance in Missouri is $22 per month, or $264 per year. This puts Missouri among the most expensive states for renters insurance. Most of the time, tenants pay about $15 per month, or $187 annually, for coverage.

Prices can vary depending on which company you decide to purchase coverage from, so we recommend comparing quotes before buying. We found that $346 separates the highest premium from the lowest premium in our study.

The cheapest renters insurance in Missouri is State Farm, while the most expensive insurer is Farmers — which charges more than $300 per year for coverage on average.

A bar graph showing the average costs of renters insurance in Missouri
A bar graph showing the average costs of renters insurance in Missouri

How much is renters insurance in Missouri?

Insurance providerAverage cost (per month)Average cost (per year)% difference from statewide average
State Farm$13$159-40%
Nationwide$16$195-26%
Liberty Mutual$22$2682%
Allstate$24$2899%
Farmers$32$38947%

Your premiums depend on a variety of factors, many of which are particular to you. The primary driver of your rates is the amount of coverage you want to purchase. Our quotes were sourced using the following rate limits:

  • Personal property coverage: $30,000
  • Personal liability protection: $100,000
  • Medical payments for others: $1,000
  • Additional living expenses (ALE): allotted differently by insurers
  • Deductible: $500

The cost of renters insurance is also influenced by your personal information. Your marital status, gender and location can all cause your quoted price to fall or rise. Your insurance history also plays a significant part in determining your premiums. We collected the quotes for this study using a sample profile for a 30-year-old unmarried male renter with no insurance history.

Compare renters insurance quotes from providers in Missouri

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Coverage options: Evaluating how an insurer's policy meets the needs of typical renters

All of the renters insurance companies in our study boast standard policies that would meet the needs of most renters in the country. The following table visualizes each insurer's basic offerings, as well as the add-ons policyholders can choose from.

InsurerPersonal property coveragePersonal liabilityEarthquakeWater-backup coverageIdentity theft protectionReplacement-cost coverageValuables plus
State Farm$10,000 – more than $100,000$100,000 – $1 millionX-X-X
USAAUnknownUnknownX--XX
Nationwide$15,000 – more than $100,000$100,000 – $1 million-XXXX
Liberty Mutual$5,000 – $25,000$100,000 – $1 millionX-XXX
Allstate$15,000 – more than $100,000$100,000 – $500,000--X--
Farmers$4,000 – $150,000$100,000 – $1 million--XX-
An asterisk indicates this coverage is included with a standard policy.

Customer service: Comparing the service given by each renters insurance company

To find which company in Missouri has the best customer service, we consulted three measurements: the NAIC's Complaint Index, J.D. Power's Homeowners Insurance Study - Renters Insurance and A.M. Best's Financial Strength Rating (FSR)**. View how the renters insurance companies stack up in the table below:

Insurance providerNAIC Complaint IndexJ.D. Power rank (out of 14)A.M. Best FSR
State Farm0.353rdA++
American Family0.701stA
Liberty Mutual0.6511thA
Farmers0.509thA
Shelter0.29Not ratedA
USAA0.492ndA++
Allstate0.476thA+
Nationwide0.387thA+
AAA0.42Not ratedA+
Travelers0.4613thA++

NAIC Complaint Index: The Complaint Index communicates the number of complaints an insurer receives relative to its market size. The median number of complaints is represented as 1.00. This means a company with a 1.20 Complaint Index receives 20% more complaints than expected.

J.D. Power Homeowners Insurance Study - Renters Insurance: This study includes the country's 14 largest renters insurance companies. J.D. Power considers several elements of service, including a company's claim settlement process, communication and price. An insurer is scored according to its overall satisfaction, a composite calculated from J.D. Power's inquiries.

A.M. Best FSR: A.M. Best awards each insurer a score based on that company's ability to pay its claims, especially under adverse economic conditions or in the aftermath of a large-scale disaster. Most companies score highly, which allows riskier companies to become more apparent to users of this tool.

Missouri renters insurance rates: City-by-city breakdown

While collecting rates from across the state, we found the price of renters insurance in Missouri's largest cities. Below, we've constructed a table that lists cities by population, along with the typical monthly and annual costs. Also shown is the difference from a city's average with the statewide mean.

The most expensive renters insurance in Missouri comes from Kansas City, while the cheapest coverage is found in St. Peters.

CityAverage cost (per month)Average cost (per year)% difference from statewide average
Kansas City$26$30917%
St. Louis$25$30214%
Springfield$23$2702%
Columbia$21$250-5%
Independence$24$29010%
Lee's Summit$22$2682%
O'Fallon$19$222-16%
St. Joseph$22$2671%
St. Charles$19$224-15%
St. Peters$18$220-16%
Blue Springs$23$2723%
Florissant$21$254-4%
Joplin$24$2827%
Chesterfield$20$238-10%
Jefferson City$20$241-9%
Cape Girardeau$21$254-4%
University City$21$257-3%
Mehlville$21$254-4%
Maryland Heights$20$244-8%
Gladstone$25$30114%
Hazelwood$21$252-4%
Grandview$24$2827%
Rolla$20$246-7%
Warrensburg$21$257-3%

Methodology

To find the average cost of renters insurance in Missouri, we obtained 125 quotes from addresses across the state. Then, we averaged these rates according to company, city and, finally, for the entire Show Me State. We gathered these quotes using a sample profile, a facsimile of a 30-year-old, unmarried, male renter with no prior claims.

Our quotes were generated according to $30,000 of personal property coverage, $100,000 of liability coverage and $1,000 of medical payments to others. Finally, we opted for a $500 deductible. Your rates may vary from ours.

Chris Moon

Chris is a Product Manager for ValuePenguin with years of experience in addressing critical questions about mortgages and homeowners insurance. He spends his time evaluating insurance providers and policy features to understand where consumers might find the most cost-effective coverage. Chris has contributed insights to the New York Times and many other publications.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.