Missouri homeowners have the freedom to explore their backyard. From St. Louis to Kansas City to Springfield, the “Show-Me” State has a lot to offer, including being an affordable state. With lower housing costs and a lower average cost of living than the national average, it’s more important than ever to find an affordable Missouri homeowners insurance policy

Home insurance rates are a no-brainer when you have Insurify on your side. Explore the best homeowners insurance companies, covered loss, and coverage options. It’s so easy to compare the best and cheapest home insurance coverage in Missouri

How to Get Affordable Home Insurance in Missouri

Living in Missouri comes with some of the best cities, food, and exploring there is to do in North America. From amazing barbecue to eat to visiting all the amazing national parks to the wonder of its lakes, rivers, and streams, Missouri living has a lot to offer. But even with living expenses at lower than the national average and friendly neighbors to count on, there are still risks involved with owning a home. 

Buying a home is a significant financial investment and one of the biggest moments in your lifetime. And although Missouri is not a coastal state, there are substantial risks of weather-related events and natural disasters, like flooding and tornadoes, that could cause a heavy burden on any homeowner. 

That’s why Missouri homeowners like you need to have a home insurance policy in place. Though not required by law, home insurance protects your property and personal belongings from theft and various natural disasters that pose a risk. Flood insurance and additional coverage depending on the property type, location, and other factors of your home.

From dwelling coverage to picking the right insurance provider, we have compiled the best home insurance discounts and home insurance companies for your home policy. Keep reading as we explore the full guide to Missouri home insurance

Homeowners Insurance Quotes in Missouri by Company 

Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.

As of 2020, the average home insurance premium in Missouri costs $2,351 annually, and the median home value is $156,700.

These costs alone speak for themselves. Paying home insurance costs is vital for homeownership, but how are you supposed to save and provide for yourself and your family at the same time?

Average Home Cost in Missouri Average Annual Insurance Premium in Missouri
$156,700 $2,351

Homeowners Insurance Quotes in Missouri by City

Like property costs, home insurance varies in price from city to city. Pricing is determined by ZIP code–specific variables, such as the volume of claims filed nearby, crime rates, and property costs, and risk variables, such as natural disaster frequency. Even your specific neighborhood may determine if you pay more or less on our annual premiums. 

Rates in Missouri can be relatively high or low compared to the national average; it all depends on which town you live in. Here are the most and least expensive Missouri ZIP codes in which to insure a home.

Most Expensive Real Estate in Missouri  Cheapest Real Estate in Missouri
Chesterfield $393,757 Chillicothe $115,333
Wildwood $390,994 Macon $111,378
Kirkwood $332,626 Trenton $57,765

Cheapest Missouri Homeowners Insurance

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What does home insurance cover in Missouri?

There are several types of home insurance. Specific terms of insurance policies may vary by state, but in general, the standard policy types are as follows:

HO-1

Basic

  • The simplest and least comprehensive type of homeowners insurance
  • Provides coverage for a handful of potential problems including
    • natural disasters (storms, fires, wind, lightning, volcanic eruption), 
    • explosions, 
    • theft, 
    • damage from vehicles, 
    • or civil commotion. 
HO-2

Broad Form

  • Broad form homeowners insurance policies include all basic form coverage, plus protection from:
    • falling objects, 
    • damage from the weight of ice, snow, or sleet, 
    • freezing of household systems including HVAC and pipes, 
    • sudden and accidental damage to pipes and other household systems from artificially generated electrical current, 
    • accidental discharge or overflow of water or steam,
    • sudden and accidental damage. 
  • HO-2 policies typically cover both dwelling protection and personal property.
  • In some cases, broad form coverage may also include liability coverage. However, it still only covers the specific damages listed in the policy.
HO-3

Special Form

  • The most common form of homeowners insurance is known as a “special form” policy.
  • While HO-1 and HO-2 policies are “named peril” policies (meaning they only cover dangers that are specifically listed in the policy), HO-3 policies are “open peril” policies meaning they’ll cover all dangers except those specifically excluded in the policy documents.
HO-4

Tenant’s Form

  • HO-4 policies, also known as renters insurance, are for people who lease rather than own their homes. 
  • Tenant’s form policies typically cover all the same dangers as HO-2 policies. 
  • These policies include personal property coverage and liability coverage but don’t cover the physical structure of the house. 
  • Some HO-4 policies may also include loss of use coverage for the tenants.
HO-5

Comprehensive

  • Comprehensive form policies are usually the broadest and provide the highest level of coverage; not surprisingly, they also tend to be the most expensive type of homeowners insurance policies.
  • The biggest difference between HO-3 and HO-5 policies is that most HO-3 policies are “actual cash value” policies, whereas typically HO-5 policies are “replacement cost value” policies.
  • An actual cash value policy will only reimburse you for the actual value of a damaged or destroyed item, while a replacement cost value policy will reimburse you for however much it would cost to completely replace or repair the damaged or destroyed item (up to the coverage limits on the policy). 
  • HO-5 policies also provide personal property coverage against a wider range of dangers than the typical HO-3 policy. Many HO-5 policies also have extra coverage for high-value personal property, such as jewelry and artwork.
HO-6

Condo Form

  • Not surprisingly, condo form insurance is for condominium owners. HO-6 policies generally protect against the same types of dangers as HO-3 policies. 
  • They provide dwelling protection coverage with a twist: HO-6 policies cover the walls, floors, and ceiling of the condo unit but not the rest of the building. 
  • These policies also include personal property and liability coverage and may include loss of use coverage.
HO-7

Mobile Home Form

  • If you own a mobile home or manufactured home, you likely have an HO-7 policy. 
  • Mobile home form policies are typically identical to HO-3 policies, except they’re designed specifically for mobile and manufactured homes.
  • Like HO-3 policies, they provide dwelling protection coverage, other structures coverage, personal property coverage, liability coverage, and possibly loss of use coverage as well. 
  • HO-7 policies generally only protect the home when it’s stationary; if you plan to move your mobile or manufactured home, you’ll need to get a special policy to cover it while it’s in transit.
HO-8

Older Home

  • Older homes have generally been built to less stringent code standards than recently built homes, and so insurers have designed a specialized type of homeowners insurance policy for them. 
  • HO-8 policies often only cover the basic perils listed in HO-1 policies and generally apply to homes that are registered landmarks or otherwise deemed historic homes. 
  • Owners of registered landmarks are typically forbidden from making the updates to HVAC, electrical, and other parts of the home to enable them to qualify for a standard HO-3 policy, so an HO-8 policy is often the only option for them.

Mobile Home Insurance in Missouri 

Mobile home insurance in Missouri is an essential piece of the equation for insurance products. There are more than 350 mobile home communities in the state of Missouri. There are, of course, some considerations as well as challenges that come with mobile homeownership. Natural disasters exacerbate damage to mobile homes due to lighter materials. The high volume of flooding could become problematic, justifying having the right mobile home insurance in Missouri

That means, if you are a mobile homeowner, insurance is imperative to cover you in the case of vandalism, personal liability protection, and damage from the elements. Your best bet for a homeowner’s insurance policy on a mobile home is an HO-7 policy customized for manufactured and mobile homes. 

The price of mobile home insurance may be a concern. Do you know that you can get the best price on mobile home insurance in Missouri by letting Insurify help you compare policies from multiple insurance companies such as Liberty Mutual, State Farm, Allstate, and more? You can also lower home insurance rates by permanently affixing your mobile or manufactured home to its foundation for wind protection. Or how about installing a home security system and smoke detectors? There are options to help you get some home insurance policy discounts and put extra cash in your pockets. 

Natural Disasters and Home Insurance Coverage in Missouri

Missouri is home to some of the most beautiful state parks, lakes, rivers, and hiking spots. As serene as Missouri is, it does face natural disasters depending on the location of your new home. And if you do live in a high-risk area, you can expect to have a higher premium. Missouri homeowners can expect several extreme weather and natural disaster events, including heavy snow, flooding, tornadoes, and even earthquakes. 

Flooding may be predominant in a few counties, due to the proximity of the Mississippi, Missouri, and Meramec Rivers. You as a policyholder need to know if you are in a flood zone so you know what to expect from your insurance premium

Missouri is also one of six states to have a significant risk of loss due to earthquakes. The New Madrid Seismic Zone and the Wabash Fault, in particular, are historically prone to seismic activity. Find out if your new home is in one of these zones when you speak about your policy, as your premium may differ. 

If you are new to Missouri, you may soon find out that the state is prone to occasional tornadoes that can cause extensive damage to your home. You must know if your area is prone to tornadoes and speak with your insurance provider to discuss premiums if tornadoes happen to be a problem. 

If you do happen to live in a high-risk or moderate-risk area, it’s essential to have home insurance to be your protection from the damage that comes from a natural disaster. 

Special Home Insurance Situations in Missouri

Unique elements of your home may affect homeowners insurance prices. Check out these quotes for some special situations that may impact your home insurance in Missouri.

Cheapest Home Insurance for Houses Near a Fire Department in Missouri

Insurance Company Average Annual Premium
Allied $1,976
Allstate $2,763
American Family $1,968
Encompass $2,157

Cheapest Home Insurance for Houses Less than Twenty Years Old in Missouri

Insurance Company Average Annual Premium
Shelter $2,586
State Farm $2,759
Travelers $1,828
USAA $1,576

Conclusion: How to Find the Cheapest Home Insurance in Missouri

With the risk severe weather poses to Missouri homes, the price you pay for sufficient homeowners insurance is a drop in the bucket. With brief research and the right tools, you can find the savings you need to fit your lifestyle.

Use Insurify to compare home insurance premiums for your property in Missouri 

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Browse, compare, and secure home insurance with Insurify today! 

Yep, it’s that easy.  

Updated August 12, 2020

Stephanie Shaykin is a seasoned writer and marketing professional with experience in real estate. With a true passion for brand storytelling and SEO, she breaks down the most complex copy into a pleasant experience for the reader. In her spare time, she enjoys creating art and cooking in her home base of Chicago, Illinois.