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The average car insurance cost in Columbia, Missouri is $1,896 per year, according to Insure.com data analysis. Also, the car insurance rates in Columbia is $86 less than the average rates in Missouri and $1 more than the national average.

Graph
Table
City average ratesState average ratesNational average cost
$1,896$1,982$1,895

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Columbia, the average car insurance rates categorized by age and gender, and the cost of car insurance in Columbia based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Columbia. Read on to learn more.

Key Takeaways

  • Car insurance costs $1,896 per year, on average, in Columbia.
  • Nationwide offers the cheapest car insurance in Columbia, at an average of $1,241 per year.
  • Young adults pay $2,974 per year for car insurance in Columbia.

Cheap car insurance companies in Columbia

Nationwide offers the cheapest car insurance in Columbia, at an average of $1,241 per year with full coverage limits of 100/300/100.

The second cheapest company in Columbia is Travelers, offering car insurance rates at $1,427 per year.

As mentioned earlier, car insurance rates vary from one company to another because the factors used to calculate rates vary by insurer. Therefore, comparing quotes from multiple insurers is recommended to find cheap car insurance rates in Columbia before deciding on the policy that matches your requirements.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Columbia, Missouri:

Affordable car insurance providers in Columbia

Graph
Table
Company NameAverage annual costAverage monthly cost
Nationwide$1,241$103
Travelers$1,427$119
Missouri Farm Bureau$1,573$131
State Farm$1,739$145
Shelter Insurance$1,813$151
Progressive$1,961$163
Auto Club Enterprises (AAA)$2,243$187
Allstate$2,672$223
Geico$3,153$263
USAA$1,137$95

Read about the best car insurance companies.

Average car insurance cost in Columbia by coverage limits

In Columbia, the average car insurance rates based on coverage types are as follows:

  • State minimum coverage: $498 per year (limits are 25/50/25)
  • Liability only coverage: $586 per year (limits are 50/100/50)
  • Full coverage: $1,896 per year (limits are 100/300/100)
  • Non-owners coverage: $350 per year

In most states, drivers must have the state minimum coverage to drive legally, but these vary by state. However, state minimum coverage does not cover any vehicles listed on your policy in an at-fault accident.

To avoid compromising on the coverage and pay out-of-pocket expenses, it is better to have full coverage or non-owner coverage if you don’t own a car but borrow or rent one frequently.

Average car insurance rates by gender in Columbia

In Columbia, Missouri, the average annual car insurance premium for female drivers is $1,901 per year.

While the average annual cost for male drivers is $1,891 per year, which is $10 less than what female drivers pay, according to a rate analysis by Insure.com.

According to the Insurance Information Institute, statistics demonstrate that women are generally regarded as safer drivers than men. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Columbia

Car insurance rates in Columbia, are highest for teens at $5,673 per year or $473 per month. According to the Insurance Information Institute, the rates are higher for teens (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road. To address this, there are specific driving laws for teens to help them drive better. Additionally, parents can potentially reduce teen insurance rates by adding them to their existing auto insurance policy.

As teens age and build a positive driving history, it’s common for car insurance rates to decline. Young adults typically pay $2,974 annually for their car insurance, which is $2,699 less than what teens pay for their insurance coverage.

In Columbia, adult drivers pay an average of $1,904 per year for car insurance, while senior drivers pay $1,791 annually.

The rates for adults and seniors are notably lower compared to the rates for teens and young adults as they are more likely to obey the speed limits and follow the rules of the road, as per the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below depicts the average annual rates for drivers of different age groups:

Car insurance rates by age groups in Columbia

Graph
Table
Teens (16- to 19-year-olds)Young adults (20- to 24-year-olds)Adults (25- to 55-year-olds)Seniors (60- to 75-year-olds)
$5,673$2,974$1,904$1,791

Examining car insurance rate trends in Columbia, Missouri, we observe a upward trend from 2022 to 2023. Subsequently, from 2022 to 2023, the rates experienced increase overall, with an increase of 2% or $33.

The table below shows the trend for last four years:

How car insurance rates are changing in Columbia

Graph
Table
2016 rates2019 rates2022 rates2023 rates
$1,075$1,645$1,863$1,896

Conclusion

In conclusion, the insurance rates in Columbia, are lower than the average insurance cost in Missouri. Shopping around and taking advantage of available discounts, drivers in Columbia can find affordable car insurance options. Additionally, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

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Prachi Singh
Contributing Researcher

 
  

Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.

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