Average car insurance cost in Springfield, MO

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The average car insurance cost in Springfield, Missouri is $1,880 per year, according to Insure.com data. This is $102 less than the average auto insurance cost in Missouri and $15 less than the national average, as analyzed by Insure.com.

The rates can vary wildly depending on where they are filed. City demographics, including population density and average resident age, will affect how much money you spend on premiums which could make it cheaper or more expensive than other areas with different factors like accident rates, theft and vandalism rates, etc.

The article covers information on – the cheapest car insurance providers in Springfield, the average car insurance rates by age, gender and how much is car insurance in Springfield based on coverage limits. Whether you’re a new driver or have been driving for years, this article can help you find the best deal on cheap car insurance in Springfield. Read on to learn more.

Cheap car insurance companies in Springfield

Nationwide offers the cheapest car insurance in Springfield, at an average of $1,324 per year with full coverage limits of 100/300/100.

The second cheapest company in Springfield is Travelers, offering car insurance rates at $1,456 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 Springfield 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 Springfield, Missouri:

Read about the best car insurance companies.

Average car insurance cost in Springfield by coverage limits

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

• State minimum coverage: $572 per year (limits are 25/50/25)
• Liability only coverage: $680 per year (limits are 50/100/50)
• Full coverage: $1,880 per year (limits are 100/300/100)
• Non-owners coverage: $383 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 Springfield

The average car insurance rate for a female driver in Springfield, Missouri, is $1,889 per year.

While the rate for a male driver is $1,870 per year, which is $19 less than what female drivers pay, according to a rate analysis by Insure.com.

Women are considered to be safer drivers than men, and statistics have proved this, according to the Insurance Information Institute. 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 Springfield

In Springfield, car insurance rates are the highest for teens, at $5,870 per year or $489 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 $3,005 per year for their car insurance which is $2,865 less than what the teens pay for their insurance policy.

The car insurance rates in Springfield for adult and senior drivers are $1,892 and $1,814 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 Springfield

Examining the trends in car insurance rates in Springfield, Missouri it was on an downward swing from 2022 to 2023. From 2022 to 2023 rates decrease overall by 2%, or $44.

The table below shows the trend for last four years:

Conclusion

In conclusion, Springfield’s car insurance rates are lower than the average insurance rates in Missouri. Drivers in Springfield can find affordable car insurance options by shopping around and taking advantage of available discounts. Moreover, 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.