Best and Cheapest Renters Insurance in Missouri for 2024

You may assume you don’t need renters insurance because you’re covered by your landlord’s insurance. Some college students living on their own assume they're covered by their parents' homeowners insurance, but neither of these assumptions are entirely true. A landlord insurance policy and renters insurance policy are two different policies with different but important purposes. While your landlord has insurance to cover the structure of your apartment or building, you still need renters insurance to cover your personal belongings and to have liability coverage.

If your parents have homeowners insurance, their coverage may extend to certain personal belongings while on vacation. But this does not include the room or unit you rent while in college generally speaking.

A renters policy is typically very affordable. The cost of renters insurance could be $200 a year or less in some states. It depends partly on what insurance company you use. In contrast, it provides extensive liability, personal property, and other insurance coverage even including medical expenses.

So if you want to ensure you’re properly covered while renting in Missouri, it’s important to find one of the best Missouri renters insurance companies. But where do you start? In the table above, you can sort through all the renters insurance companies ranked on Clearsurance. The rating next to each company — the insurer’s Clearsurance score — is based exclusively on the thousands of ratings provided by customers. Note: Only those companies with at least 25 renters insurance reviews are eligible to appear in the best Missouri renters insurance rankings.

Interested in learning more about one of the companies on the list of the best renters insurance companies in Missouri? You can visit the company’s profile page to find more information about the company and read reviews to learn from the experiences of other policyholders.

On this page:

• Missouri renters insurance rates
• Average cost of renting in Kansas City
• Renters insurance for Missouri college students
• Missouri property crime statistics

Who offers the best renters insurance rates in Missouri?

Out of some of the most popular renters insurance companies in Missouri, USAA offers the cheapest rates, on average. USAA is only available to active and former military members and their families. For families of deceased service members, the service member would have to have a USAA account before they died. Unfortunately, these exclusive auto insurance, renters, homeowners, and other insurance rates cannot be accessed by the general public. This doesn't mean you can't save money.

If you aren't eligible for USAA, the next cheapest option is Safeco. Safeco offers personal property coverage, liability, and more to people from all backgrounds in the United States. This insurance company helps many renters find insurance solutions at a reasonable price.

As a renter in Missouri, you can look into renters insurance to protect you and your belongings from damage or theft. Some companies may offer renters insurance in Missouri for a cheaper rate than others. In the table below, you can see average Missouri renters insurance rates from some of the largest companies in the state.

*USAA is only available to former and active military members and their families.

These average renters insurance rates are based on a policy with $30,000 in personal property coverage (with a $500 deductible), $100,000 in personal liability and $1,000 in medical payments to others. The rates displayed should only be used for comparative purposes as individual rates in Missouri will differ. Rate data is provided by Quadrant Information Services.

How much does rent cost in Kansas City?

In Kansas City, Missouri, it costs an average of $929 per month to rent an apartment. The cost of rent can vary based on location within the city as well as the size of your apartment.

The most populous city in Missouri is Kansas City. This city is a little peculiar because there are actually two sides of Kansas City. It sits on the border with wildly varying laws and attitudes in Kansas or Missouri.

In Kansas City, Missouri, the average monthly rate of rent is $926, but the area of the city affects the average cost of rent. For example, the average monthly rate is $1,346 in Paseo West, but it’s $685 in Fairway Hill and $641 in Brown Estates. Different economic areas are strictly divided in Kansas City more than many other cities in the US creating high crime rates in some areas and high end neighborhoods with low crime rates in others. Your auto policy, renters policy, and other insurance can vary just as widely.

The size of the apartment also affects the average monthly cost of rent. On average, a studio apartment in Kansas City, Missouri, costs $680 per month, a one-bedroom apartment costs $854 per month and a three-bedroom apartment costs $1,208.

How much is renters insurance for Missouri college students?

Many students who attend a college or university in Missouri will likely live in on-campus dorm or rent an off-campus apartment at some point while obtaining their degree. There are a few things for college students renting housing in Missouri to consider in order to protect their personal belongings.

Typically, college students who live in dorms located on the college campus are covered by their parents homeowners insurance policy. That’s usually only the case for students who live on campus, though. College students in Missouri who rent apartments off campus should consider a renters insurance policy because their items won’t be covered under their parents’ policy, and without a renters insurance policy, they won’t have any protection.

College students will most likely have roommates in the apartment they rent. It’s not advised that students share renters insurance policies with roommates. Rather, each student should have their own renters insurance policy to protect their own belongings. This way, you know exactly what you're paying for, and your rates are not affected by someone else's insurance claims whether for water damage, theft, or something else.

What are Missouri's property crime statistics?

Theft and vandalism or malicious mischief are among the 16 perils a standard renters insurance policy protects you from. So, how does crime in Missouri compare to other states around the country? The FBI published the following statistics on crime in Missouri for 2016:

• Property crime - 170,549
• Burglary - 31,710
• Larceny theft - 120,544

All three statistics for Missouri, when compared to the national average rate per 100,000 inhabitants, rank higher the national average.

How can you save money on your renters insurance in Missouri?

While renters insurance may be more affordable than other types of insurance, no one wants to pay more than they have to. So what are the different ways that you can lower your Missouri renters insurance premium and have some extra spending money?

Here are the top 5 ways to save on your renters insurance:

• Raise your deductible. Always compare this to the amount of coverage you have and determine how much you can afford. Your deductible has to be paid before your renters insurance company starts paying
• Ask about potential discounts. You may be surprised just how much you can save with discounts based on school status, zip code, and more
• Bundle your policies
• Determine the value of your personal property
• Pay in full by check

How does Clearsurance rate and rank the best renters insurance companies in Missouri?

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

• Price
• Customer Service
• Claim service
• Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

Renters insurance guide

As we mentioned above, there’s common misconceptions regarding what is and isn’t covered by a renters insurance policy. Before you purchase a policy from one of these best renters insurance companies in Missouri, it’s important to understand what your policy covers. For example, did you know that many renters insurance policies include liability protection in the event a non-resident is injured on the property. Plus, if your apartment becomes uninhabitable from an incident, some policies may cover your expenses as you find temporary housing in Missouri.

We want to make sure you’re equipped with a proper knowledge of renters insurance, so check out our renters insurance guide. Looking for more educational information about renters insurance? Check out our renters insurance blog for more information and topics related to renters insurance.