Average car insurance cost in Springfield, MO

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The average car insurance cost in Springfield, Missouri is $1,953 per year, according to Insure.com data. This is $151 less than the average auto insurance cost in Missouri and $271 more 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

USAA offers the cheapest car insurance in Springfield, at an average of $850 per year with full coverage limits of 100/300/100. USAA offers car insurance only to members of the military, veterans and their immediate families.

The second cheapest company in Springfield is Nationwide, offering car insurance rates at $1,110 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: $617 per year (limits are 25/50/25)
• Liability only coverage: $687 per year (limits are 50/100/50)
• Full coverage: $1,953 per year (limits are 100/300/100)
• Non-owners coverage: $372 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 $1,895 per year.

While the rate for a male driver is $1,953 per year, which is $58 more 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 $7,309 per year or $609 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 $3,480 per year for their car insurance which is $3829 less than what the teens pay for their insurance policy.

The car insurance rates in Springfield for adult and senior drivers are $1,985 and $1,823 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

If we look at the car insurance rates trends in Springfield, Missouri, it was on an upward swing from 2016 to 2019. From 2019 to 2022, the rates increased overall by 21%, or $335.

The table below shows the trend for three years:

Conclusion

In conclusion, the insurance rates in Springfield, are lower than the average insurance cost in Missouri. Shopping around and taking advantage of available discounts, drivers in Springfield can find affordable car insurance options. Additionally, 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 June 2022.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed June 2022.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed June 2022.

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 56,838,240 insurance quotes from 136 insurance companies across 34,523 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male 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 liability per person
• $300,000 bodily injury liability per accident
• $100,000 property damage liability
• $500 collision/comprehensive 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.