Missouri Renters Insurance Quotes: Find the Best Quotes Now!
If you’ve never been to St. Louis – or Missouri proper, you’re really missing out on an incredible experience The city during the fall is gorgeous, with tree-lined streets, the Arch, and celebrated history you won’t want to miss.
There are so many things to love about Missouri – from southern culture mecca Joplin to Springfield to Kansas City (home of the Chiefs!), Missouri is definitely one of our favorite states at Insurance Geek. We love it so much, we’re committed to giving our Missourians the best renters insurance quotes they can possibly get, maximizing value with bundles and getting all the other discounts we possibly can. We love helping our folks get cheap renters insurance that’s also effective, and we can definitely help you!
Do I really need Renters Insurance in Missouri?
Legally, no – but that doesn’t mean your landlord can’t require you to have it before signing a lease! Renters insurance is generally pretty inexpensive, so it makes sense to get protection before you move into your apartment or new home so you can worry about daily living, and not replacing your stuff in the event of an accident or emergency. This is something we can definitely help you with!
State rent has gone up right around 2.17% over the past five years. Missouri’s number of renters is lower than the national average – meaning, plenty of families are choosing to invest in real estate. However, towns like St. Louis and Springfield are growing in population over time, so we can expect those numbers to look very different in five years.
How much does it cost?
Your best Missouri renters insurance quote includes an annual premium number that is broken down into a monthly premium payment. We find that most of our customers, regardless of location, end up paying an average of around $312 a month.
Your coverage should essentially be the same across the state. Start with your personal property. That includes the items most important to you, such as electronics, furniture, and more. It’s most likely that your agent will ask you to itemize your valuables to get a general idea of how much personal property you’ll need to cover, even with a cheap renters insurance policy.
If you’re responsible for an injury on the property you’ll want to have coverage. With regard to liability – if the property is damaged, rather than paying the landlord out of pocket, your Missouri renters insurance coverage should help. We recommend right around $100,000 in coverage for both medical payments and property liability coverage.
if you aren’t able to use your home due to damage or repairs, you’ll want some loss of use protection. We recommend up to $1000 to make sure you have cash for hotels, meals or anything else you’re out while you’re unable to use your property.
Ordinarily, our renters insurance policies include a deductible of around $500. This is the amount you’ll have to pay out-of-pocket before you’re able to see the funds from your clan distributed. It may seem like a lot, but it’s nothing compared to what you’d need to pay if you’re responsible for damaging your landlord’s property to the tune of tens of thousands of dollars. We find this is an industry average premium for most cheap renters insurance policies we work with.
Here are some premium breakdowns based on the largest cities in Missouri, from the best renters insurance policies we could find:
- Kansas City
- St. Louis
- Springfield
- Independence
- Columbia
What is covered in Missouri?
No one likes tornadoes – and unfortunately, Missouri is part of tornado alley. On average there are a little less than 50 tornadoes per year. Not as bad as, let’s say Oklahoma, but certainly enough to make sure you take precautions to stay safe. As you probably know, tornadoes can result in serious bodily injury in addition to property loss, so finding a dwelling that provides some measure of safety should be a priority. This is true both for your person and your property as well, and cheap renters insurance can cover you.
We recommend talking to your agent about the difference between an RCV, or replacement cost value policy and a policy based on actual cash value, or ACV.
With an actual cash value policy, depreciation is considered. Meaning, if you are awarded a claim, you will be paid out the cost of the item that needs to be replaced minus depreciation. All this happens after your deductible is paid.
With a replacement cost policy, you are paid out based on the cash it would take to get the same or similar item after your deductible is met.
How much coverage should I get?
It’s good to know that many carriers have coverage limits, and you should talk to us about these to make absolutely sure you’re getting what you need out of your policy. Coverage limits do vary by state, and we’ll typically have this information for you.
We will ask you to make a list of all your personal property, then to work with us to total the value of your items so we both have a good idea of the kind of coverage you’re going to need. We will look at the materials your home is made from, your fire district, credit score and other factors as we assess the amount of premium you might pay.
Also, make sure you talk with us about calculating the value of your items, and whether RCV (replacement cost value) or ACV (actual cash value) would be best for you.
What type of discounts are offered?
Our discounts range across the board, from PIF (Paid in Full) discounts to security/burglar alarm discounts, to discounts you can get if you pay your policy in full before the day it starts. Best of all, bundling insurance can save you more than you might expect. If you’re in the market for other insurance lines, make sure to let us know!
Get Missouri Renters Insurance Quotes Online
We can help you and your family get the best possible renter’s insurance today! Chat with us about your Missouri renters insurance needs and let us help you with the perfect policy for you and your loved ones.