In fact, car insurance isn't all that expensive in Missouri. For instance, premiums are average $791 annually below the US national average of $935 annually according to the Insurance Information Institute. Also, there is still one massive way to save: shopping around. Because Missouri residents pay much less than the national average for car insurance. However, that doesn't mean that you cannot save when shopping around.
Car insurance firms price your premium based on a variety of factors. Years of driving experience and even your legal status will have an effect on your insurance premium. One of the most important factors is your credit score. Therefore, it is important to induce quotes from many various insurance companies and compare them to get the best deal for you before deciding.
Consumer Reports compiles pricing formulas from each insurance firm in all 50 states. This data shows that credit scores play a big role in the cost of car insurance coverage. If you are looking to save on car insurance in Missouri, here are a few firms that provide competitive rates during this state. Here are the three cheapest car insurance firms in Missouri.
Drivers with FICO scores between 670 and 739:
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USAA automotive insurance: $802 annually
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AAA automotive insurance: $910 annually
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Farmers automotive insurance: $1,009 annually
Drivers with excellent FICO scores above 800:
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USAA automotive insurance: $580 annually
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AAA automotive insurance: $683 annually
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Farmers automotive insurance: $840 annually
Drivers with credit scores below 539:
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AAA automotive insurance: $1,466 annually
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American Family automotive insurance: $1,850 annually
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State Farm automotive insurance: $2,068 annually
As the numbers show us, drivers with the best credit score will see the best price on car insurance. Raising your credit score may be a way to save a lot. If you discover the policy with the most coverage and the lowest deductibles and premium, then you have found the best policy for you.
