Missouri Homeowners Insurance
Quote in 60 SecondsWhether you’re dancing to “Missouri Waltz,” cheering on the Cardinals or eating world-famous St. Louis barbecue, there’s a lot to love about the rolling hills, prairies and plateaus that make up this Midwestern state. An added bonus: with an average home price just under $200,000, Missouri is still an affordable place to settle down and enjoy all that the midwest has to offer.
But we know the Show-Me State isn’t impressed by words without action, so Hippo made its way to the state to provide home insurance at an affordable price. Below, we’ll break down how Hippo can help you.
How much is Missouri home insurance?
The average home insurance premium in Missouri is $1,444 per year. Of course, your home insurance rate will vary depending on where you live, your home’s age, and what natural disasters are most common in your area, but residents can plan for their total to be in that ballpark. The high causation of these in the state means that Missouri residents pay about 20% more than the national average of $1,200 per year.
What factors influence my home insurance rate?
If you buy a home in Missouri and your insurance premium is different than the above number, don't worry. Insurance averages vary from person to person and home to home - especially if you live in the barbeque capital Kansas City. Factors such as your home's location, age, size and current condition will all affect your home insurance rates, as well as your financial history.
Missouri Home Insurance Premiums
What does homeowners insurance in Missouri cover?
Home insurance policies usually cover dwelling, personal property and personal liability. Dwelling insurance covers damage to your home and any structures on your property. Personal property insurance protects your belongings inside your home, meaning your collection of Tigers gear will be covered if an angry Razorbacks fan breaks in. Finally, personal liability insurance covers accidental damage or injury to a person on your property, or accidental damage that is your fault on someone else's property.
Apart from these basic coverages, there are additional considerations for Missouri residents that may impact the coverage you choose. As ice storms, tornadoes, severe thunderstorms and flooding are all common in the state, you’ll want to make sure you’re covered in the event one of these disasters damages your home. Missouri residents may choose to purchase additional coverage for earthquakes, sinkholes, floods and windstorms.
Missouri Insurance Coverage Options
Traditional coverage
Structure
Expenses
Protection
Structures
Possessions
Supplemental coverage
Tips for lowering home insurance rates
Those looking to lower their rates don’t have to look very far. Finding the right insurance provider is a great first step. Some providers, like Hippo, provide premium discounts for upgrading your home with smart home devices to keep it safer. This provides a win-win, where you reap the benefits of a more secure and eco-friendly homestead, while also paying less for home insurance.
You can also save on your insurance premiums by thinking about where you buy and how much you buy. Bigger homes will need more coverage, so consider the size of your home and how much space you really need. In addition, homes located near hospitals, police or fire stations may be eligible for a discount. Homes located in natural disaster zones, on the other hand, will need additional coverage.
Missouri insurance resources
It’s important to get your home covered. Missouri residents have a few options to make sure their homes have the proper protection. Home insurance providers, like Hippo, can help you buy the perfect policy for you and your family without headaches or long wait times. The Missouri Department of Insurance is also an excellent resource for Missouri families curious about coverage.
National Flood Insurance Program
As standard home insurance policies don’t cover flooding, Missouri residents can also get covered for these disasters through the National Floodplain Insurance Program. In exchange for agreeing to enforce FEMA’s floodplain management ordinances, participating communities then get protection from damage caused by floods. To see if your community participates in the NFIP, view FEMA’s community status book for Missouri.
Fair Access to Insurance Requirements Plan
The Missouri Property Insurance Placement Facility, also known as the FAIR Plan, was established to make sure Missourans always have access to home insurance. This program aims to help those who can’t secure insurance in the standard market, get coverage for their homes. While it doesn’t provide as much comprehensive coverage as a standard plan or provider, this option can help those who can’t afford a standard policy or have received rejections from commercial providers.
Those inhabiting the Show-Me State have their priorities straight: they don’t want empty promises or fluff. They want results. That’s why Hippo can provide a home insurance quote within 60 seconds and strives to be there when you need them most — talk about walking the walk.
