Cheap Auto Insurance for Low Credit Scores in Missouri

Finding decent, budget auto insurance is not the easiest thing to accomplish, and figuring out which company quotes the cheapest car insurance rates for low credit scores will take even more work. Each insurer has their own process for determining rates in each state, so let’s take a look at the car insurance companies that tend to have lower prices in Missouri.

Lowest Insurance Price Quotes in Missouri

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USAA may have some of the cheapest car insurance rates in Missouri at around $668 per year. The Hartford, Allied, Electric, and MO Farm Bureau would also be considered some of the cheaper Missouri insurance companies.

As illustrated above, if you are a customer of Electric and switched to The Hartford, you may realize a yearly price reduction of roughly $58. Missouri drivers with MO Farm Bureau could save as much as $212 a year, and Auto-Owners policyholders might realize rate reductions of up to $228 a year.

These estimates are averages for all insureds and vehicles and do not factor in a rate decrease for low credit scores. So the car insurance company that can offer the best rates for your situation may not even be featured in the chart above. That affirms the importance of why you need to compare as many prices as possible using your own specific driver and vehicle information.

When shopping for cheaper car insurance for bad credit, one of the many factors that control the policy price is where your residence is in Missouri. Cities with larger populations or higher claim trends like Saint Louis, University City, and Raytown tend to pay higher rates, whereas areas with less crime or weather claims have the enjoyment of a little cheaper coverage.

The information below illustrates the most expensive places in Missouri for low credit scores to purchase car insurance in.

Table data uses approximated as specific location information can impact premium rates greatly.

Discounts on cheap auto insurance for low credit scores in Missouri

Insurance companies that offer quotes for low credit scores could also offer price discounts that may potentially lower prices by 30% or more if you are eligible. A few of the larger companies and a partial list of their discounts are outlined below.

The chart below shows the comparison of car insurance costs with and without discounts applied. The premiums are based on a female driver, no claims or driving violations, Missouri state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with marriage, anti-theft, vehicle safety, claim-free, safe-driver, and defensive driving course discounts applied. When drivers take advantage of discounts, the the average yearly reduction on car insurance for low credit scores is % or $.

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Missouri car insurance companies ranked

Picking a highly-rated auto insurance provider is hard considering how many choices drivers have in Missouri. The company rank data listed below could help you choose which coverage providers to look at comparing rates from. The rankings below are only made up of the largest auto insurers in America, so companies that have a smaller presence are not taken into consideration for the list.

Top 10 Large Auto Insurance Companies Overall in Missouri

1. USAA
2. 21st Century
3. GEICO
4. Nationwide
5. AAA Insurance
6. Liberty Mutual
7. Safeco Insurance
8. State Farm
9. Travelers
10. American Family

Cheapest insurance quotes for bad credit

There are many different ways to get affordable car insurance quotes in Missouri, but the most popular methods are using an exlusive agent like State Farm or Allstate, an independent insurance agent, or direct from companies such as Geico or Progressive. Each way has the same basic steps, but it’s important to point out the distinctions in how they function.

Independent agents have contracts with many companies and can compare rates with every one. They do not work for one specific company and can provide multiple price quotes, which can give you a better chance of saving money. If they find a lower price, an independent agent can move your coverage and the insured can keep the same agent.

An exclusive ageny is only able to give rates for a single company, two examples are State Farm and Auto-Owners agents. These agents usually cannot provide a range of price quotes, which necessitates shopping around.

The third popular method of shopping for car insurance is direct, which means you skip local agents and buy direct from companies such as Progressive or Geico. Buying direct is a good choice for families who do not have complex finances and know how their policy works.

So what is the best way for finding cheap auto insurance for low credit scores in Missouri? The quick answer would be shopping direct yields the cheapest rates since no commissions are paid to an agent, but that generally is not the case. We could also assume that going through an independent agent is the best way to go since they can quote with many companies, but that assumption is also not necessarily accurate. In some circumstances, exclusive agencies have coverage prices that cannot be beaten by either independent or direct companies.

Since car insurance prices vary so much, the only true way to get the lowest rate is to get as many comparison quotes as possible. Put in the effort to get prices from all three to get an idea of which is cheapest. For a list of companies offering online discounts, click here to view.