Missouri Homeowners Insurance

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Homeowners Insurance in Missouri: Complete Consumer Guide

Do you want to settle down and buy a home or already have one in Missouri? Well, we want to share some fun facts with you. Missouri is called the “Show Me State” because when Congressman Willard Duncan Vandiver said, “I’m from Missouri and you’ve got to show me.” It’s also called the “Gateway to the West” and “Home of the Blues.” The most destructive tornado occurred in Annapolis and left 823 dead and many buildings and trees uprooted and cars overturned. Iced tea was invented at the St. Louis World’s Fair in 1904. The state animal here is the mule. The bluebird is the state bird and the honey bee is the state insect. Anheuser-Busch brewery is located in St. Louis and is the largest beer producer in the country. Aunt Jemima pancake mix was invented in St. Joseph, Missouri. The tallest man, who was eight feet, 11.1 inches tall, was from St. Louis (Robert Pershing Wadlow). The largest earthquake in U.S history occurred here in 1811 and shook more than one million square miles. President Truman was born in Lamar, Missouri. The state instrument is the fiddle and so the state dance is the square dance. Get your boots on, let’s go!

Types of Homeowners Insurance policies in Missouri

Wondering what type of home insurance policy that you need for your home? Here is a look at the different types of policies you can choose from.

HO-1 This “basic form” policy covers the 10 most common perils. And you should know that some insurance companies do not offer HO-1 forms.

HO-2 This “broad form” provides only limited coverage. But it still provides more insurance coverage than a HO-1 basic form.

HO-3 This form is the most commonly purchased type of homeowners insurance. HO-3 provides coverage for named perils as well as personal property. With this form, your insurance company will pay to repair or replace belongings damaged in 16 covered perils. These perils include smoke, fire, lightning, windstorm, hail, explosions, theft, vandalism, falling objects, the weight of ice, snow and sleet on your home and water damage.

HO-6 This type of form is for condominium units. This type of HO-6 coverage is usually “walls-in” coverage and may protect a condo’s floors, walls and ceilings against 16 covered perils. The HO-6 form also includes coverage for a condo owner’s personal belongings

HO-8 This type of form is for older houses and covers just 10 perils. The HO-8 form is paid on an actual cash value, which is the cost of the items minus depreciation.

What factors affect rates on homeowners insurance in Missouri?

The biggest factor that determines home insurance rates is construction material. For example, you’ll have a lower rate if your home is made of fire resistant material. With that said, your home may be more expensive to rebuild because it’s made of expensive materials so your rate would go up. The size of your home also impacts the rate and the location does as well. How’s your credit because your rating may impact your score as well. So will discounts and whether or not you plan to bundle your auto insurance with your home insurance. Be as communicative with your agent as possible to get the best rate.

Top 5 Disasters in the State of Missouri

Missouri federally declared Severe Storms as the most common disaster with 35 counts since 1953, followed by Flood, Severe Ice Storm, Tornado, and Biological disasters. Here are the top 5 federally declared disasters in the state of Missouri:

Rank Declaration Title Disaster Number
1 Severe Storms 35
2 Flood 23
3 Severe Ice Storms 6
4 Tornado 5
5 Biological 2

Source: Federal Emergency Management Agency (FEMA)


How much is homeowners insurance in Missouri?

The average home insurance rate in Missouri is $897 a year.

Source: The average cost of homeowners insurance by state, Business Insider.

Crime Rate: Is Missouri a safe state?

2019 Crime in Missouri Crime Number Crime Rate*
Property Crime 161,946 2,638.7
Burglary 26,414 430.4
Larceny-Theft 114,46 1,865.0

*Rate per 100,000 inhabitants

Safest Cities in Missouri by Property Crime*

  • Kearney, MO has a population of 10,736 with a Property Crime rate of 10.2 per 1k. The city average home value is approximately $279,859.
  • Smithville, MO has a population of 10,503 with a Property Crime rate of 10.4 per 1k. The average home value there is about $265,701.
  • Wentzville, MO came in third as the safest city in the state of Missouri and has a population of 42,892 with a Property Crime rate of 10.5 per 1k. Its home value averaged at about $268,149.
  • Maryville, MO has a population of 11,643 with a Property Crime rate of 11.2 per 1k. Its average home value is $150,914.
  • O'Fallon, MO has a population of 89,611 with a Property Crime rate of 11.3 per 1k. The city home value averaged $244,706.

*Based on FBI Uniform Crime Reporting 2019, some cities have been eliminated because of changes in the state/local agency's reporting practices and cities with populations under 10,000. Zillow’s State/Cities average home value for a single family home or a condo as of Sept. 2020.

Compare Home Insurance Rates in Missouri

Top homeowners insurance companies in Missouri

Nationwide offers several homeowners insurance options based on budget and whether or not you qualify for the many discounts members are offered. Homeowners insurance options usually include replacement cost, which usually offers more than cash value.

The Hartford offers AARP homeowners insurance which comes with different packages, like Home Advantage Package and Home Advantage Plus. With high marks for customer service, AARP through The Hartford may be the right plan for you.

Allstate gets high ratings for financial strength and customer service. Allstate also offers deductible rewards, like $100 off your deductible when you renew each year that you don’t have a claim. Claim-free rewards are aplenty with this insurer and Allstate also offers claim rateguard which will help you keep your rates low.

Missouri Home Insurance FAQs

How much personal property coverage do I need?

This is a good question and depends entirely on how much you possess and how expensive it all is. Look at your limits and compare it with a home inventory. If your limits are too low, raise them or consider buying riders for the more expensive items. These can be added to your home insurance policy.

How much dwelling coverage do I need?

Always base your limits on what it would cost to rebuild your home, not the value of your home.

Does homeowners insurance cover foundation leaks?

Sudden and accidental damage is covered when it comes to foundation claims. Leaks and wear and tear may be considered negligence by the insurer. However it is covered if damaged by the weight of ice and snow.

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