If you’re a resident of Springfield, MO, and you’re on the hunt for car insurance, you’ve come to the right place. The cost of car insurance can vary significantly based on various factors, including your personal circumstances and the insurance companies you consider. In this comprehensive guide, we’ll help you navigate the world of car insurance in Springfield, ensuring you find the best rates to protect your vehicle and your wallet.
Exploring Car Insurance Costs in Springfield, MO
Car insurance costs in Springfield can differ from the national average, and it’s essential to understand how they impact your budget. Our research reveals that the minimum coverage in Springfield tends to be approximately 8 percent more expensive than the national average. To ensure you’re getting the most competitive rates, it’s advisable to regularly compare prices from various insurers.
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The Top Affordable Car Insurance Providers in Springfield
We’ve done the legwork to identify the most cost-effective car insurance providers in Springfield, Missouri. Whether you have a spotless driving record or a few accidents in your past, these insurers offer competitive rates for both minimum and full-coverage car insurance. Plus, they provide a wide range of coverage options and top-notch customer service.
Car Insurance Companies in Springfield
| Car Insurance Company | Our Score | Minimum Coverage Monthly Average | Full Coverage Monthly Average |
|---|---|---|---|
| USAA | 4.7 | $26 | $116 |
| Missouri Farm Bureau | 4.6 | $32 | $148 |
| Progressive | 4.6 | $46 | $554 |
| Travelers | 4.5 | $47 | $123 |
| State Farm | 4.3 | $51 | $151 |
| Nationwide | 4.3 | $66 | $146 |
| GEICO | 4.1 | $69 | $214 |
| Allstate | 4.0 | $86 | $275 |
| AAA | 3.8 | $88 | $247 |
| Shelter | 3.5 | $92 | $275 |
Note: The cost tables in this article represent average car insurance rates for a single male driver aged 25 to 35 with good credit and a clean driving history, sourced from Quadrant Information Services.
Unpacking Car Insurance Quotes in Springfield
In Springfield, the cost of car insurance coverage can be divided into two categories: minimum coverage and full coverage.
Minimum Coverage: This type of insurance is the most affordable in Springfield. We highly recommend considering USAA and Missouri Farm Bureau, as our data indicates they offer the lowest rates for minimum auto insurance. Good drivers can secure monthly rates as low as $26 with USAA and $32 with Missouri Farm Bureau.
Full Coverage: If you seek comprehensive protection for your vehicle, full coverage is the way to go. Our research shows that USAA offers the most budget-friendly full-coverage insurance in Springfield, with monthly rates as low as $116. Travelers and Nationwide are also affordable options, with rates at $123 and $146 per month, respectively.
Full coverage encompasses liability, comprehensive, and collision insurance, making it a wise choice for those with car loans, as it ensures your vehicle’s protection in nearly any situation.
How Driver Profiles Influence Springfield Car Insurance Rates
Your car insurance rates are not set in stone; they depend on various factors unique to your situation. Elements such as your driving history, age, vehicle type, credit score, and even your Springfield ZIP code all play a role in determining your premium. It’s important to remember that the insurer offering the lowest rates for one individual may not necessarily do the same for your neighbor. Let’s explore some scenarios.
Springfield Car Insurance Rates by ZIP Code
ZIP codes in Springfield can slightly affect your car insurance rates due to variations in accident, vandalism, and theft statistics. The table below illustrates how average rates can vary by 1.3 percent, either increasing or decreasing, based on your Springfield ZIP code.
| Springfield ZIP Code | Full Coverage Monthly Average | Full Coverage Annual Average | Difference From Springfield Average |
|---|---|---|---|
| 65807 | $183 | $2,199 | -1% |
| 65802 | $188 | $2,257 | 1% |
Does Credit Score Impact Car Insurance in Springfield?
In many states, insurance companies take your credit score into account when determining your coverage rates. There is a correlation between lower credit scores and a higher likelihood of making insurance claims. Therefore, if your credit score is less than ideal in Springfield, you might find yourself paying more for insurance. Conversely, a better-than-average credit score can lead to lower rates.
Affordable Car Insurance for Springfield Drivers with Poor Credit
If your credit score isn’t stellar, you can still find affordable car insurance options in Springfield. USAA offers competitive rates for drivers with poor credit, with monthly rates as low as $48 for minimum coverage or $210 for full coverage.
| Car Insurance Company | Monthly Minimum Coverage Average | Monthly Full Coverage Average |
|---|---|---|
| USAA | $48 | $210 |
| Missouri Farm Bureau | $53 | $251 |
| Progressive | $73 | $273 |
| Travelers | $74 | $206 |
| Nationwide | $89 | $207 |
Springfield Car Insurance Costs by Age
Car insurance premiums fluctuate with age. Teenagers typically face higher rates due to their propensity for riskier driving behaviors. However, as they age into their 20s and beyond, rates tend to decrease. The most affordable car insurance is usually found for drivers between the ages of 35 and 55. Seniors may see slightly higher rates due to an increased risk of accidents.
Let’s delve into the average rates for minimum and full-coverage insurance in Springfield based on age.
| Driver Age | Monthly Minimum Coverage Average | Monthly Full Coverage Average |
|---|---|---|
| 16 | $231 | $623 |
| 25 | $67 | $207 |
| 30 | $60 | $186 |
| 35 | $54 | $164 |
| 45 | $52 | $158 |
| 55 | $49 | $145 |
Affordable Car Insurance Companies in Springfield for Teen Drivers
While car insurance for teenagers can be expensive, some insurers offer more budget-friendly rates than others. USAA, for instance, provides affordable options for teens, with minimum coverage rates starting at $95 per month and full-coverage rates at $383 per month. Missouri Farm Bureau and Travelers are also attractive choices for 16-year-olds.
| Car Insurance Company | Monthly Minimum Coverage Average | Monthly Full Coverage Average |
|---|---|---|
| USAA | $95 | $383 |
| Missouri Farm Bureau | $97 | $417 |
| Travelers | $164 | $406 |
| State Farm | $208 | $521 |
| GEICO | $232 | $651 |
The Impact of Driving Records on Springfield Car Insurance Costs
Your driving record has a direct influence on your car insurance premiums. Accidents, speeding tickets, and other violations can lead to higher rates. On average, accidents and tickets can affect your rates for up to three years. Our data shows that drivers with a speeding ticket can expect to pay 23 percent more for insurance, while an accident can increase rates by 51 percent, and a DUI or DWI by 55 percent.
Every insurance company employs its own method for calculating price increases, resulting in varying rates. Our research indicates that Missouri Farm Bureau, USAA, and State Farm offer competitive rates for drivers with different types of violations.
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Cheapest Car Insurance in Springfield After a Speeding Ticket
After receiving a speeding ticket, you’ll want to find the insurer offering the most affordable rates. Our data reveals that USAA stands out, with monthly rates as low as $33 for minimum coverage and $140 for full coverage.
| Car Insurance Company | Monthly Minimum Coverage Average | Monthly Full Coverage Average |
|---|---|---|
| USAA | $33 | $140 |
| Missouri Farm Bureau | $33 | $154 |
| Travelers | $55 | $147 |
| State Farm | $57 | $164 |
| Progressive | $58 | $189 |
Cheapest Car Insurance in Springfield After an At-Fault Accident
At-fault accidents can significantly raise your insurance rates. In this scenario, Missouri Farm Bureau offers the most budget-friendly option for minimum coverage, with average monthly rates of $35. For full-coverage insurance, Travelers provides economical rates at $155 per month.
| Car Insurance Company | Monthly Minimum Coverage Average | Monthly Full Coverage Average |
|---|---|---|
| Missouri Farm Bureau | $35 | $161 |
| USAA | $38 | $156 |
| Travelers | $59 | $155 |
| State Farm | $62 | $177 |
| Progressive | $72 | $252 |
Cheapest Car Insurance in Springfield After a DUI
A DUI conviction can have a substantial impact on your insurance rates. In Springfield, Missouri Farm Bureau offers the most cost-effective minimum coverage option after a DUI, with rates as low as $42 per month. For full coverage, Travelers is your best bet, with average monthly rates of $163.
| Car Insurance Company | Monthly Minimum Coverage Average | Monthly Full Coverage Average |
|---|---|---|
| Missouri Farm Bureau | $42 | $186 |
| USAA | $51 | $207 |
| Progressive | $52 | $174 |
| State Farm | $57 | $164 |
| Travelers | $63 | $163 |
Car Insurance Requirements in Springfield
In Springfield, as in the rest of Missouri, the state mandates specific minimum coverage requirements for all drivers. A minimum-coverage policy must include:
- $50,000 bodily injury liability per accident
- $25,000 bodily injury liability per person
- $25,000 property damage liability per accident
- $50,000 underinsured/uninsured motorist bodily injury coverage per accident
- $25,000 underinsured/uninsured motorist bodily injury coverage per person
Understanding Different Types of Car Insurance Coverage
Before you make a decision about your car insurance, it’s crucial to grasp the various types of coverage available. Here’s a quick breakdown:
- Liability: Bodily injury liability insurance pays for the medical expenses of other drivers and their passengers in an accident where you’re at fault. Property damage liability insurance covers the damages to other drivers’ vehicles after an accident where you’re at fault.
- Collision: Collision insurance pays for damages to your vehicle resulting from a collision with another vehicle or a road hazard.
- Comprehensive: Comprehensive insurance covers damages to your vehicle from animals, natural disasters, theft, and vandalism.
- Medical Payments Coverage (MedPay): MedPay covers medical bills for you and your passengers after an accident.
- Personal Injury Protection (PIP): PIP also covers medical bills for you and your passengers post-accident and can include coverage for lost wages.
- Underinsured/Uninsured Motorist Coverage (UM/UIM): This type of coverage protects you and your passengers’ property damages (UMPD/UIMPD) and bodily injuries (UMBI/UIMBI) when involved in an accident with a driver who is underinsured or lacks insurance.
Affordable Car Insurance in Springfield: Our Recommendations
While Springfield drivers typically pay about 8 percent more than the national average for car insurance, finding the right provider can help you secure better prices. Based on an analysis of full- and minimum-coverage rates across various scenarios, we recommend considering USAA, Progressive, Travelers, and Missouri Farm Bureau for the most affordable auto insurance in Springfield.
To find the best rates in Missouri, always compare quotes from multiple companies. We suggest obtaining at least three quotes each time you shop for insurance.
Auto Insurance in Springfield: FAQ
Here are some frequently asked questions regarding the most affordable auto insurance in Springfield:
1. How much is car insurance in Springfield? According to our data, good drivers in Springfield can expect to pay approximately $60 per month or $722 per year for minimum-coverage insurance, on average. Full-coverage insurance rates average around $186 per month or $2,228 per year.
2. Is car insurance higher in Springfield? On average, full-coverage insurance in Springfield costs about $2,228 per year, which is roughly 17 percent higher than the Missouri average of $2,361 and 1 percent higher than the national average of $2,216.
3. How much is car insurance in Missouri per month? Minimum-coverage car insurance in Missouri averages around $51 per month or $618 per year, while full-coverage auto insurance costs about $197 per month or $2,361 per year.
4. What is the best car insurance company in Missouri? According to our analysis, the best car insurance company in Missouri is USAA, boasting a score of 4.6 out of 5. Our rating takes into account factors such as cost, coverage, reliability, and service.
Our Review Process
Our review process is designed to provide unbiased and consistent assessments of car insurance providers. While there are multiple factors contributing to a successful car insurance company, we focus on the most critical aspects for consumers:
- Cost: Determining cost can be challenging due to the multitude of factors influencing annual premiums. To establish our cost score, we examine insurance rate estimates from Quadrant Information Services, available discounts, and consumer feedback.
- Coverage: We evaluate the number of coverage options offered, coverage limits, deductible choices, and additional services like roadside assistance when calculating our coverage score.
- Reliability: It’s crucial that an auto insurer can meet its claims obligations. Companies with strong financial strength ratings from AM Best perform well in this category. We also consider the claims process and prioritize insurers with user-friendly claims apps.
- Service: We analyze customer reviews on platforms like the Better Business Bureau (BBB) to gain insights into customer experiences. Insurers with minimal complaint volumes receive higher ratings. Additionally, we assess the claims process and give preference to car insurance providers offering easy-to-use claims apps.
Source: https://www.caranddriver.com/car-insurance/a36013731/car-insurance-springfield-missouri/