How Much is Car Insurance for Handicapped Drivers in Missouri?

The words “bargain” and “insurance” really shouldn’t be used together, specifically when you are searching for the cheapest coverage for handicapped drivers. Let’s learn about some situations that help determine insurance rates, and see if you can shave a little off your next policy.

Finding reliable, budget auto insurance is hard enough, and finding out which company quotes the best insurance rates for handicapped drivers requires even more rate comparisons. Each auto insurance company has a proprietary formula for setting prices, so we’ll go over the overall cheapest insurance companies in Missouri.

Keep in mind that Missouri insurance rates are determined by lots of factors which can substantially decrease or increase the price of your policy. That is why consumers need to compare as many rates as possible to get the lowest car insurance rates for handicapped drivers. Car insurance prices are made up of many things and can change substantially, so the most economical option two years ago may now be wasting a lot of money.

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USAA may offer some of the lowest car insurance rates in Missouri at around $668 each year. The Hartford, Electric, Allied, and MO Farm Bureau also make the cut as some of the best Missouri car insurance companies.

As shown in the rates above, if you currently have coverage with The Hartford and switched to USAA, you could realize yearly savings of roughly $149. Drivers with Electric might save as much as $173 a year, and Allied insureds might lower prices by $199 a year.

It’s important to note that these prices are averages across all types of drivers and the different vehicles they drive and are not factoring in a price discount for handicapped drivers. So the company that can offer you the best price may not even be shown in the list above. That is why you need to get rate quotes using your own driver and vehicle profiles.

For drivers with handicaps, one of the largest considerations that insurance companies use to determine insurance cost is where you keep your car. Densely populated urban areas like Florissant, University City, and Raytown will most likely have higher rates, whereas areas with less congestion have the luxury of cheap car insurance for handicapped drivers in Missouri.

The table below lists the most expensive areas in Missouri for handicapped drivers to purchase auto insurance in.

Rate information is comparative as the specific area where the vehicle is garaged can affect prices considerably.

The vehicle model to be insured is probably the largest consideration when comparison shopping for cheap car insurance for handicapped drivers in Missouri. Vehicles with economical engines, a plethora of safety features, or a low likelihood of liability claims will cost quite a bit less to insure than high performance models.

The table below illustrates insurance rates for a handful of the most economical vehicles to insure.

Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Missouri minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Rates do not factor in garaging location in Missouri which can raise or lower coverage prices greatly.

Based upon the table data, you can assume that makes and models like the Honda CR-V, Hyundai Tucson, and Chevrolet Traverse are most likely to be the most economical vehicles to insure for drivers with handicaps.

Rate difference between full and liability-only coverage

Finding cheap car insurance for handicapped drivers in Missouri is probably important to the majority of vehicle owners, and a great way to save on the cost of insurance is to not buy full coverage. The illustration below visualizes the comparison of annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Missouri. The prices are based on no violations or claims, $100 deductibles, marital status is single, and no additional discounts are factored in.

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On average, comp and collision coverage costs an extra $2,051 per year over liability only. At some point, almost every driver questions if you should buy full coverage at all. There is no clear-cut rule that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s say your vehicle’s settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $2,000 after the deductible is paid. If you are paying over $200 a year to have full coverage, then it may be the right time to buy liability only.

How to find the cheapest car insurance for handicapped drivers

Below you’ll find some of the recommended money-saving suggestions that can help drivers find cheaper coverage.

• Drive vehicles with five-star safety ratings
• Staying accident-free helps keep rates low
• Save money by observing traffic laws and speed limits
• Avoid filing small claims
• Bundle car and home insurance and save money
• Do not insure for full coverage
• Shop around for cheaper rates regularly

That final tip is extremely important, as was pointed out in the prior information. Auto insurance rates adjust frequently, so don’t be hesitant to buy from a new company if a more affordable rate is found.

Many drivers tend to have loyalty to a certain company, but it isn’t a good idea if that stubbornness costs you big bucks every year. Spend a few minutes and compare rates and find cheaper auto insurance for handicapped drivers.