Cheapest and Best Car Insurance in Springfield, MO (2024)

Finding the most cost-effective or top-tier insurance in Springfield hinges on your coverage needs and driver profile. For full coverage, families with teens may find State Farm favorable. American Family excels in minimum coverage.

When it comes to superior customer service, American Family also leads the pack, reinforcing its standing as the best overall, balancing price and service. Ultimately, the ideal choice adapts to personal preferences and coverage demands.

American Family offers the cheapest car insurance in Springfield. Here are the two most affordable providers for minimum coverage:

• American Family: $491 per year
• Travelers: $510 per year

The most expensive minimum coverage policy in Springfield is provided by GEICO, with an annual premium of $1,050. The stark difference between the most affordable and the most expensive underscores the significance of comparing car insurance rates to ensure you're getting the best deal.

State Minimum Liability Requirements

In Missouri, state statutes dictate the necessary car insurance coverages motorists must carry:

• $25,000 bodily injury per person
  
• $50,000 bodily injury per accident
  
• $25,000 property damage liability per accident
  
• $25,000 uninsured motorist bodily injury per person
  
• $50,000 uninsured motorist bodily injury per accident
  

Consider a scenario where you're at fault in an accident, and the other party's injuries total $30,000. Your minimum coverage will handle up to $25,000 for that individual's bodily injury, but you'd be responsible for the remaining $5,000 out-of-pocket. Similarly, if multiple people are injured and their combined injuries exceed your per-accident limit of $50,000, those costs are on you.

American Family offers the history="https://www.moneygeek.com/insurance/auto/cheapest-full-coverage-car-insurance/" target="_blank">cheapest full coverage car insurance in Springfield, making it a premium choice for budget-conscious drivers.

• American Family: $865 per year
• Travelers: $1,037 per year

Kemper has the most expensive policy at $2,462 annually. This gap underscores the need for consumers to shop around, especially given that full coverage policies are pricier due to their comprehensive protection against a variety of incidents.

Do You Need Full Coverage in Missouri?

A full coverage policy includes coverage for damage to your own vehicle in the form of comprehensive and collision coverages. It usually also includes increased liability limits.

• Collision Insurance: This provides coverage for your vehicle in the event of a collision, whether with another vehicle or a stationary object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This coverage insures your vehicle against various types of damage not caused by collisions, including theft, vandalism, fires, natural disasters and being struck by an animal like a deer.

If you have a new vehicle, it's wise to opt for full coverage insurance for more robust financial protection. If you're leasing or have a car loan, you are typically required to carry full coverage insurance.

On the other hand, owners of older vehicles may find that the extra cost — which can amount to several hundred dollars more per year — is not justified by the value of the vehicle. When deciding how much car insurance coverage you need, consider your ideal balance: more extensive coverage comes with higher premiums, but getting less coverage means you may pay more out of pocket if you need to file a claim.

In Springfield, the most affordable full coverage insurance is offered by the same company, regardless of driving infraction:

• Speeding ticket: American Family ($1,014 per year)
• At-fault accident: American Family ($1,056 per year)
• DUI: American Family ($1,014 per year)

Kemper often presents the most expensive rates for drivers with traffic violations, with annual premiums significantly higher than the most affordable options. Notably, the cheapest rate after a speeding ticket and the cheapest after a DUI are the same in this case, spotlighting that American Family's rates are consistently competitive, regardless of offense severity.

In Springfield, insurance premiums typically escalate according to the gravity of the driver's offense because insurers assess higher risks with more severe infractions. For example, drivers with a speeding ticket face an average annual rate of $2,688, whereas those with a DUI could see an average rate of $3,058. Given the steep increase in rates after a driving offense, it's crucial for affected drivers to diligently compare insurance plans, ensuring they secure the most cost-effective coverage available in their situation.

GEICO is the cheapest option in Springfield for securing the cheapest car insurance for teens.

• GEICO: $1,125 per year for female teens and $1,190 per year for male teens
• State Farm: $2,337 per year for female teens and $2,965 per year for male teens

These reflect a standard full coverage policy for a family including two parents and a teenager. Kemper holds the most expensive teen family policy at $7,052 for female teens. This stark contrast in pricing underscores the necessity of looking at multiple insurers when adding a teenager, who poses a higher driving risk, to a policy.

In Springfield, as in many cities across the nation, teen drivers face significantly higher car insurance rates when opting for an individual policy as opposed to joining a family plan. On average, an individual teen driver's premium is a staggering $7,343 annually, compared to $3,316 for those who secure insurance under a family plan.

This substantial gap reflects the increased risk insurers associate with independent teen drivers — statistically, they are more likely to be involved in accidents than older, more experienced drivers. Consequently, securing an individual policy as a teen is challenging becasue insurers may be reluctant to offer coverage independently to high-risk drivers without the buffer of a family policy.

In Springfield, USAA is the cheapest full coverage car insurance option for military backgrounds.

• USAA: $688 per year
• American Family: $865 per year

For those eligible, USAA not only guarantees the lowest annual rates but also offers specialized services for active duty military members.

In Springfield, comparing car insurance rates is a key strategy for cost savings. However, the process is often cumbersome, potentially requiring over an hour to examine rates from three or more companies.

MoneyGeek's car insurance calculator can help you streamline this process. By inputting details like age, driving history, credit score and preferred coverage, you can instantly receive rate estimates.

Finding the best auto insurance for you requires weighing your priorities, such as service, cost and coverage. MoneyGeek's unique scores reflect how companies perform across different priorities. In Springfield, here are the top insurers tailored to your needs:

• Best overall: American Family (MoneyGeek score 93 out of 100)
• Best for service: American Family (MoneyGeek score 90 out of 100)
• Best cheap: American Family (MoneyGeek score 93 out of 100)

Since American Family has secured the top spot in all three categories, it is the leader in Springfield for overall value, exceptional service, and affordability without significantly compromising on service quality. It offers a harmonious balance for those prioritizing a comprehensive package.

American Family offers the best car insurance in Springfield, delivering outstanding service and affordability.

• American Family: MoneyGeek score of 93 out of 100 ($865 per year)
• Shelter: MoneyGeek score of 76 out of 100 ($1,535 per year)

American Family stands out primarily due to their exceptional satisfaction and affordability scores, which are the most significant contributors to their overall MoneyGeek score. This achievement underscores the company's ability to provide a full coverage policy that meets customer needs while also being cost-effective.

American Family offers the preeminent car insurance for customer service in Springfield, providing a superior experience based on general satisfaction, claims handling and coverages, without prioritizing rates.

• American Family: MoneyGeek score of 90 out of 100 ($865 per year)
• Shelter: MoneyGeek score of 79 out of 100 ($1535 per year)

American Family earned the highest scores in general satisfaction and coverage options available to customers. It demonstrates an unwavering commitment to quality service, ensuring policyholders receive the attention and support they need.

American Family offers the best cheap car insurance in Springfield, prioritizing affordability without sacrificing quality in claims handling and customer satisfaction.

• American Family: MoneyGeek score of 93 out of 100 ($491 per year)
• Shelter: MoneyGeek score of 76 out of 100 ($733 per year)

American Family stands out primarily due to its exceptional affordability, which significantly contributes to its MoneyGeek score, along with its high satisfaction and claims handling scores. This score is determined for policies offering minimum coverage, reflecting a balance between cost-efficiency and reliable service.

In Springfield, Missouri, the average car insurance cost is $1,424. This figure is lower than the Missouri state average of $1,616. Missouri's average car insurance cost stands at $1,616, which is $165 less than the national average cost of car insurance of $1,781.

Car insurance premiums are influenced by a plethora of factors, with location being a significant one among them. The variation in costs can be attributed to differing risk exposure due to factors such as traffic density, the likelihood of accidents, and theft rates in different localities.

For example, St. Louis bears the highest insurance premiums in Missouri at $2,146, which is significantly above the state average by $530, illustrating how urban areas might encounter higher costs. Conversely, Columbia ranks as the least expensive city with a premium of $1,146, which is $242 below the state average. This disparity exemplifies the impact of location on insurance rates; moreover, in less populated, non-city areas where traffic density declines, rates could potentially be even more competitively priced.