Cheapest Car Insurance for Inexperienced Drivers in Missouri

Determining which company offers the lowest-priced auto insurance rates for inexperienced drivers will take a bit more work in order to find the lowest price quote. Each insurer has their own guidelines for determining rates in each state, so we will examine the overall cheapest auto insurance companies in Missouri.

Best Car Insurance Prices for Newbies

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USAA generally has some of the best car insurance rates in Missouri at around $642 a year. The Hartford, Electric, Allied, and Travelers also make the cut as some of the most economical Missouri insurance companies.

In the above rates, if you currently have a policy with Travelers and switched to The Hartford, you could see an annual savings of in the neighborhood of $223. Insureds with Auto-Owners could save as much as $242 a year, and MO Farm Bureau customers might lower prices by $247 a year.

If you want to find out if you’re overpaying, click here or visit any of the low-priced companies below.

It’s important to note that these policy prices are averaged for all drivers and vehicles and and are not figured with a rate decrease for inexperienced drivers. So the company that can offer you the best rate may not even be included in the list of companies shown earlier. That points out the importance of why you need to quote rates from many companies using your own individual information.

The vehicle you are trying to insure is one of the main factors when comparison shopping for the cheapest insurance for inexperienced drivers. Vehicles with lots of horsepower, poor safety features, or a history of substantial liability claims will cost much more to insure than more economical and safe models.

The information below shows car insurance costs for a selection of the more afforable vehicles to insure.

Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Missouri minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Price estimates do not factor in specific location which can impact insurance rates noticeably.

By looking at the data, we can tell that vehicles like the Ford Escape, Ford Explorer, and Honda Accord are going to be a few of the more affordable vehicles to insure for new drivers.

Does full coverage make sense?

Finding the cheapest auto insurance for inexperienced drivers in Missouri should be important to most vehicle owners, and one of the quickest ways to save on the cost of insurance is to not buy full coverage. The chart below compares insurance premiums when comparing full coverage to liability only. The costs are based on no accidents or driving violations, $100 deductibles, marital status is single, and no discounts are applied to the premium.

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If the expense is averaged for all age categories, full coverage costs $2,051 per year more than insuring for liability only. That is a large expense which might make you wonder if buying full coverage is a waste of money. There is no definitive guideline for phasing out comp and collision coverage, but there is a general guideline. If the annual cost of having full coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.