Who Has the Cheapest Auto Insurance for a School Permit in Missouri?

Figuring out which company has the best car insurance rates for a school permit involves a bit more effort in order to find a policy that fits your budget.

Each company has their own formula to determine rates, so let’s take a look at the car insurance companies that tend to be cheaper in Missouri. It’s important that readers know that Missouri car insurance rates are impacted by many things that control your annual premium. Simply getting older, increasing liability limits, or getting a reckless driving citation may prompt premium changes that can make some companies more affordable than before.

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USAA has some of the lowest car insurance rates in Missouri at around $662 annually. The Hartford, Electric, Allied, and MO Farm Bureau are also some of the cheaper Missouri auto insurance companies.

As depicted above, if you have coverage with Electric and switched to USAA, you may realize an annual savings of around $187. Missouri drivers with Allied could save as much as $213 a year, and MO Farm Bureau insureds might cut rates by $359 a year.

Understand that those premiums are averages across all drivers and vehicles and and are not figured with a rate surcharge for a school permit. So the insurer that is best for you may not even be shown in the above list. That emphasizes why you need to compare as many prices as possible using your own individual information.

The vehicle you are trying to insure is a large consideration when consumers are trying to find cheaper insurance for a school permit. Vehicles with higher performance, poor passenger safety features, or a track record of large liability claims will cost more to insure than more economical and safe models. The next tables shows coverage prices for some of the cheaper automobiles to insure.

Prices based on single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in garaging location in Missouri which can alter premium rates considerably.

Prices above based on single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in vehicle location which can revise coverage rates significantly.

Prices above based on single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in specific location which can alter rates greatly.

One of the many criteria that affect a rate quote is where your residence is in Missouri. Cities with larger populations like Saint Louis, University City, and Independence tend to have higher rates, whereas areas with less congestion benefit from lower prices.

The next table ranks the highest-priced places in Missouri for a school permit to buy auto insurance in.

Rate quotes are comparative as zip code location can lower or raise premiums substantially.

Should you buy full coverage?

Finding the cheapest car insurance for a school permit in Missouri is the goal of the majority of vehicle owners, and one way to pay lower rates for insurance is to buy liability only. The diagram below visualizes the comparison of insurance premiums with full physical damage coverage compared to only buying liability only. The premiums are based on no violations or claims, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

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Averaged out for all age groups, physical damage coverage costs $1,125 per year more than just insuring for liability. Many of you may wonder if you should buy full coverage at all. There isn’t a steadfast formula to exclude full coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is about 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.

There are some cases where only buying liability is not financially feasible. If you haven’t paid off your loan, you have to keep full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not drop full coverage.

Ending up with a highly-rated auto insurance provider can be challenging considering how many choices you have in Missouri. The ranking information in the next section could help you analyze which auto insurance companies you want to consider purchasing from. The ratings below are only made up of companies that write coverage in many states, so companies that have a smaller presence are not included in the list.

Find the cheapest car insurance for a school permit in Missouri

It is possible to find better rates, and here are a few thrifty solutions that can help you quote more affordable coverage.

• Staying accident-free helps keep rates low
• Choose a safer vehicle and pay lower rates
• Full coverage may not be needed on older vehicles
• Raise deductibles to save money
• Pay lower rates with good credit
• Do not get tickets or violations
• Compare price quotes at least once a year

The last tip in the list is extraordinarily critical, as we discussed in this article. Auto insurance prices fluctuate considerably, so drivers shouldn’t be resistant to switch companies if a lower price can be found. Many consumers stick with the same company and that’s fine, but is isn’t recommended if your bullheadedness ends up costing you money that could be used for better things. It takes less than five minutes to compare prices and find cheaper car insurance for a school permit.