Finding good, affordable auto insurance is challenging, and finding out which companies have the lowest-priced insurance rates for drivers requiring a SR22 calls for a little more work.
Every insurance company has a unique formula for determining prices, so let’s take a look at the most affordable insurance companies in Missouri. We do need to point out that Missouri insurance rates are impacted by many things which can substantially change the cost of coverage. This price fluctuation is why consumers need to compare lots of rates when trying to get the most budget-friendly car insurance rates for drivers requiring a SR22. Rates are determined by many risk factors and change frequently, so the best company three years ago may now be one of the more expensive options.
Find Cheaper Auto Insurance for SR22 Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $668 |
| 2 | The Hartford | $809 |
| 3 | Electric | $841 |
| 4 | Allied | $875 |
| 5 | Auto-Owners | $997 |
| 6 | Travelers | $1,008 |
| 7 | MO Farm Bureau | $1,021 |
| 8 | Nationwide | $1,109 |
| 9 | Farmers | $1,151 |
| 10 | Cameron Mutual | $1,202 |
| 11 | State Farm | $1,271 |
| 12 | American Family | $1,279 |
| 13 | Safe Auto | $1,363 |
| 14 | Safeco | $1,370 |
| 15 | GEICO | $1,392 |
| 16 | MetLife | $1,415 |
| 17 | Progressive | $1,424 |
| 18 | Shelter | $1,462 |
| 19 | California Casualty | $1,469 |
| 20 | Auto Club | $1,488 |
| View More Rates Go | ||
USAA may offer some of the most affordable car insurance rates in Kansas City at around $668 a year. This is $594 less than the average rate paid by Missouri drivers of $1,262. The Hartford, Electric, Allied, and Auto-Owners would also be considered some of the more affordable Kansas City, MO auto insurance companies.
As illustrated above, if you currently have a policy with Electric and switched to USAA, you might see a yearly savings of roughly $173. Policyholders with Allied might save as much as $207 a year, and Auto-Owners policyholders might reduce rates by $329 a year.
To see if you’re overpaying, click here to start a quote or click through to the companies below.
Bear in mind that those prices are averages across all types of insureds and vehicles and and are not calculated with a specific zip code for drivers requiring a SR22. So the company that can offer the best rates for your situation may not even be in the list above. That is why you need to quote rates from many companies using your own individual information.
The vehicle driven is one of the primary factors when quoting the lowest-priced insurance for drivers requiring a SR22. Vehicles with more horsepower, poor passenger safety features, or a track record of large liability claims will cost substantially more to insure than more economical and safe models.
The information below presents car insurance costs for the most affordable automobiles to insure.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $4,160 |
| Hyundai Elantra GLS Touring Station Wagon | $4,203 |
| Honda CR-V EX-L 2WD | $4,208 |
| Honda Accord EX-L 4-Dr Sedan | $4,299 |
| Ford F-150 STX Regular Cab 2WD | $4,517 |
| Toyota Prius | $4,527 |
| Honda Odyssey EX W/Rear Entertainment | $4,735 |
| Volkswagen Jetta 2.0T Station Wagon | $4,743 |
| Chevrolet Malibu Hybrid | $4,781 |
| Ford Explorer Limited AWD | $4,826 |
| Ford Focus SE 4-Dr Sedan | $4,915 |
| Ford Edge SE AWD | $4,923 |
| Chevrolet Impala LS | $4,915 |
| Toyota RAV4 Sport 2WD | $4,925 |
| Honda Civic LX-S 4-Dr Sedan | $4,954 |
| GMC Sierra SLE Regular Cab 2WD | $4,970 |
| Dodge Grand Caravan SXT | $5,026 |
| Chevrolet Silverado LTZ Extended Cab 4WD | $5,045 |
| Ford Fusion SE 4-Dr Sedan | $5,053 |
| Chevrolet Equinox LTZ AWD | $5,045 |
| Toyota Tacoma X-Runner 2WD | $5,153 |
| Jeep Grand Cherokee Limited 2WD | $5,203 |
| Nissan Altima Hybrid 4-Dr Sedan | $5,210 |
| Compare Cheap Rates Go | |
Data assumes single male driver age 40, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Missouri minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Estimates do not factor in specific zip code location which can increase or decrease coverage prices noticeably.
By looking at the data, you can infer that cars like the Ford Escape, Hyundai Elantra, and Honda CR-V are most likely going to be a few of the more affordable vehicles to insure for high risk drivers. Rates will tend to be more expensive because of the fact that there is more inherent risk for drivers requiring a SR22, but in general those particular models will tend to have the cheapest rates available.
The information below illustrates how your deductible choice can raise or lower insurance costs when getting quotes for cheap insurance for drivers requiring a SR22. The price estimates are based on a single male driver, full physical damage coverage, and no discounts are factored in.
As shown above, a 40-year-old driver could save $218 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $332 by choosing a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could save as much as $718 every year just by choosing larger deductibles. When raising deductibles, it will be required to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Rate difference between full and liability-only coverage
Buying cheaper insurance should be important to most vehicle owners, and one common way to lower the cost of insurance for drivers requiring a SR22 is to only buy liability insurance. The information below visualizes the comparison of insurance prices with and without physical damage coverage. The data assumes no claims or violations, $500 deductibles, single marital status, and no policy discounts are applied.
As an average for all age groups, full coverage costs $1,681 per year more than carrying just liability coverage. That is a significant amount which raises the question if buying full coverage is a waste of money. There isn’t a steadfast formula that is best for determining when to drop physical damage insurance, but there is a guideline you can use. If the annual cost of your full coverage insurance is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your vehicle’s replacement value is $11,500 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $10,500 after paying your deductible. If you are paying in excess of $1,050 a year to have full coverage, then you may need to consider dropping full coverage.
There are some situations where removing full coverage is not recommended. If you still have a lienholder on your title, you have to maintain full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not eliminate full coverage.
Safe drivers pay less for insurance
The recommended way to find the best insurance premiums for high risk drivers is to drive attentively and have a clean driving record. The illustration below highlights how traffic violations and accidents can raise yearly insurance costs for each age group. The information is based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.
The data in the chart shows the average cost of a car insurance policy in Kansas City per year with no accidents and a clean driving record is $1,781. Get written up for two speeding tickets and the average cost hikes up to $2,388, an increase of $607 each year. Then add one accident along with the two speeding tickets and the 12-month cost of insurance for drivers requiring a SR22 increases to an average of $3,010. That’s an increase of $1,230, or $102 per month, just for being a less-than-perfect driver!