The make and model of vehicle you are trying to insure is probably the largest consideration when looking for cheaper insurance for veterans. Vehicles with higher performance characteristics, poor safety features, or a track record of large liability claims will cost more to insure than safer, lower-performance models.
The table below showcases insurance rates for a handful of the more affordable vehicles to insure in Missouri.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 4WD | $1,458 |
| Honda Accord LX-P 4-Dr Sedan | $1,471 |
| Ford Escape XLT 4WD | $1,509 |
| Honda Odyssey EX | $1,512 |
| Chevrolet Impala LS | $1,521 |
| Ford Edge SEL AWD | $1,512 |
| Ford F-150 Lariat Super Cab 4WD | $1,571 |
| Toyota Prius | $1,581 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,617 |
| Toyota Tacoma Double Cab 4WD | $1,687 |
| Toyota Camry LE | $1,693 |
| Toyota RAV4 Sport 2WD | $1,736 |
| Dodge Grand Caravan Hero | $1,745 |
| Chevrolet Malibu LS | $1,736 |
| Jeep Grand Cherokee Laredo 4WD | $1,742 |
| Ford Explorer Limited 4WD | $1,774 |
| Ford Focus SEL 4-Dr Sedan | $1,777 |
| Ford F-350 Super Cab Cabela Turbo Diesel 2WD | $1,795 |
| Nissan Altima Hybrid 4-Dr Sedan | $1,810 |
| Toyota Corolla S | $1,815 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,823 |
| GMC Sierra 3500HD SLT Extended Cab 2WD | $1,844 |
| Dodge Ram 2500 Crew Cab ST 2WD | $1,846 |
| Find Cheaper Rates Go | |
Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Missouri minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in specific zip code location which can revise prices substantially.
Based upon these rates, you can expect vehicles like the Honda CR-V, Honda Accord, and Ford Escape are likely to be a few of the more affordable vehicles to insure for veterans.
Establishing which companies have the lowest-priced auto insurance rates for veterans may require a tad more effort than just picking a company at random.
Every auto insurer uses a slightly different approach to set policy rates, so to begin we’ll rank the auto insurance companies with the overall best prices in Missouri. It’s important that you understand Kansas City, MO auto insurance rates are impacted by many things that control your annual premium. Simply getting older, buying another vehicle, or getting a ticket for running a stop sign can cause premium changes that can now make some companies more affordable than competitors.
Cheap Insurance Rates for Vets
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $662 |
| 2 | The Hartford | $817 |
| 3 | Allied | $849 |
| 4 | Electric | $867 |
| 5 | Auto-Owners | $1,007 |
| 6 | Travelers | $1,038 |
| 7 | MO Farm Bureau | $1,063 |
| 8 | Nationwide | $1,109 |
| 9 | Farmers | $1,151 |
| 10 | Cameron Mutual | $1,190 |
| 11 | State Farm | $1,234 |
| 12 | American Family | $1,253 |
| 13 | Safeco | $1,370 |
| 14 | Progressive | $1,382 |
| 15 | Safe Auto | $1,405 |
| 16 | GEICO | $1,406 |
| 17 | MetLife | $1,430 |
| 18 | Shelter | $1,447 |
| 19 | California Casualty | $1,469 |
| 20 | Auto Club | $1,488 |
| Find Your Rate Go | ||
USAA may offer some of the best car insurance rates in Kansas City at around $662 a year. This is $600 less than the average premium paid by Missouri drivers of $1,262. The Hartford, Allied, Electric, and Auto-Owners also qualify as some of the best Kansas City, MO insurance companies.
In the above example, if you currently have a policy with Electric and switched to The Hartford, you might realize yearly savings of around $50. Drivers with Auto-Owners might save as much as $190 a year, and Travelers insureds might lower prices by up to $221 a year.
Be aware that those policy prices are averages for all drivers and vehicles in Missouri and and are not calculated with a specific location for veterans. So the insurer that is best for you may not even be in the top 23 companies shown above. That point stresses why you need to get auto insurance quotes using your own driver data and vehicle information.
Auto insurance rates are higher with tickets and accidents
In a perfect world, the ideal way to earn low auto insurance rates in Kansas City for veterans is to be a good driver and avoid traffic citations and accidents. The example below demonstrates how speeding tickets and at-fault claims impact insurance costs for each age group. Data assumes a married male driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.
In the chart above, the average cost of an auto insurance policy in Kansas City per year with a clean driving record and no accidents is $1,271. Factor in two speeding tickets and the average cost jumps to $1,743, an increase of $472 each year. Then add two accidents along with the two speeding tickets and the annual cost of auto insurance for veterans increases to an average of $3,732. That’s an increase of $2,461, or $205 per month, just for not being attentive to the road!
Difference between liability only and full coverage rates
Buying cheaper auto insurance is the goal of the majority of drivers, and one good way to find cheap insurance for veterans is to only pay for liability coverage. The example below compares insurance prices with and without physical damage coverage. The rates are based on no tickets, no at-fault accidents, $1,000 deductibles, single status, and no additional discounts are factored in.
If we average the cost for ages 20 through 70, physical damage coverage on your policy costs $1,498 per year over and above liability only. That brings up the question if full coverage is worth the money. There is no clear-cut formula for eliminating comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let’s pretend your vehicle’s claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $2,000 after paying your policy deductible. If premium cost is more than $200 annually for your policy with full coverage, then it could be time to drop full coverage.
There are a few situations where buying only liability insurance is not a good plan. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not drop full coverage.
How to find budget-friendly auto insurance for veterans
It’s not impossible to find cheaper rates, and here are some money-saving suggestions that can help Missouri drivers locate cheap auto insurance.
- Drive attentively and avoid accidents
- The safer your car, the less it costs to insure
- Multi-policy discounts save money
- Drivers with good credit often pay less
- Do not pay for full coverage on older vehicles
- Shop your coverage around for the best deal
That last idea is certainly vital, as was discussed in the prior article. Prices charged by auto insurers can be adjusted at any time, so don’t be afraid to buy a different policy if a more affordable rate is found. Many drivers prefer to stick with one company, but it’s not a great idea if that devotion results in you overpaying lots of money. Spend a few minutes and compare prices and find cheaper car insurance for veterans in Kansas City.