Average car insurance cost in Columbia, MO

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Based on an analysis by Insure.com, the typical car insurance expense in Columbia, Missouri is $1,896 annually. Furthermore, car insurance premiums in Columbia are $86 less than compared to the state average in Missouri and $1 more than the national average.

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Columbia, the average car insurance rates by age and gender, and the costs in Columbia based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Columbia. Keep reading to learn more.

Cheap car insurance companies in Columbia

At an average of $1,241 per year with full coverage limits of 100/300/100, Nationwide provides the most affordable car insurance in Columbia.

Ranked as the second most affordable company in Columbia, Travelers provides car insurance at $1,427 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Columbia that align with your needs before selecting a policy.

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

Read about the best car insurance companies.

Average car insurance cost in Columbia by coverage limits

In Columbia, the average car insurance rates the coverage levels 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 are required to have state minimum coverage to drive legally, although these requirements vary by state. However, it’s important to note that state minimum coverage does not provide coverage for any vehicles listed on your policy in the event of an at-fault accident.

To prevent compromising on coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage if you frequently borrow or rent a car but do not own one.

Average car insurance rates by gender in Columbia

The average car insurance per year for female drivers in Columbia, Missouri, is $1,901.

Whereas the yearly average car insurance rate for male drivers is $1,891, which is $10 less than what female drivers pay.

According to the Insurance Information Institute, women are considered to be safer drivers than men, and statistics have proved this. They often enjoy lower auto insurance premiums due to their lower incidence of severe accidents compared to men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Columbia

In Columbia, car insurance rates are the highest for teens, at $5,673 per year or $473 per month. The rates are higher for teenagers (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road, according to the Insurance Information Institute. There are driving laws for teens to help them drive better. Also, teen insurance rates can be lowered by adding teens to a parent’s auto insurance policy.

Car insurance rates are bound to decrease as teens grow older and earn a good driving record. Young adults pay $2,974 per year for their car insurance which is $2,699 less than what the teens pay for their insurance policy.

The car insurance rates in Columbia for adult and senior drivers are $1,904 and $1,791 per year respectively.

The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says 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 rate trends in Columbia

Examining the trends in car insurance rates in Columbia, Missouri, there was an upward trend from 2022 to 2023. Between 2022 and 2023, rates increase overall by 2% or $33.

The table below illustrates the trend over the three years:

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. Many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

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.

Prachi Singh

Contributing Researcher

 

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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.