Car insurance covers your financial needs in the event of a car accident. In Columbia, Missouri, every driver is required to carry a minimum amount of car insurance. The average cost of car insurance in Columbia is $455 for a minimum coverage policy and $1,501 for a full coverage policy, according to Bankrate’s 2021 study of quoted annual premiums.
To find the best cheap car insurance in Columbia, we looked at the top car insurance companies in Missouri and reviewed each one based on average rate, coverage options, third-party ratings and more.
Columbia’s best car insurance companies
Our research shows that State Farm, USAA Shelter, Progressive, and Shelter are the top-rated car insurance companies in Columbia. J.D. rates these providers as having above-average customer satisfaction ratings. AM Best scores indicate that these providers have great financial strength and power. Additional savings are possible with their excellent coverage options and discounts.
USAA is exclusively for military personnel (retired and active duty) and their families. Columbian drivers can benefit from USAA’s low rates, excellent customer service and generous discounts. You can save money by being a good student, safe driver, keeping your car on base, driving infrequently, and being a legacy client, among other things. J.D. consistently gives the company high marks. Power is not officially ranked because of its eligibility restrictions.
Progressive is a great choice for Columbia drivers looking for discounts and the best car insurance company. Progressive offers special discounts for teens, including paying in full, bundling policies, homeowner status, and other benefits. Progressive is also known for its online tools like the Name Your Price tool and the competitor rate comparison tool.
State Farm is the biggest car insurance company in America. State Farm offers low rates and a variety of safe driver rewards programs. To get a lower rate, drivers under 25 years old can sign up for the Steer Clear program. Drivers over 25 years can enroll in Drive Safe & Save to receive a lower rate. J.D. Power also rates State Farm highly for its customer service. Power.
Geico provides basic car insurance coverage. However, it offers some of the most competitive car insurance discounts. Military personnel have unique savings options with Geico, such as the ability to go on an emergency deployment and federal employees. Affinity groups can also be arranged, as well, as having vehicles with advanced safety features. To get a discount, drivers can sign up for DriveEasy. This is Geico’s safe driver rewards program.
Columbia drivers looking to add endorsements to their policy can choose Shelter as one of our top choices. Shelter allows you to add rideshare coverage, rental car reimbursement, gap insurance, disability income protection, and new car replacement coverage. Shelter offers many discounts and is the best-rated carrier on J.D. Power’s annual customer satisfaction survey.
Columbia has the lowest car insurance
Columbia’s average car insurance premium is $1,501 for full coverage and $455 for minimum coverage. Columbian drivers pay less for car coverage than those in Missouri. The average cost of Missouri car insurance is $1,661 per annum for full coverage insurance. This is approximately 2.74% more than the U.S. average rate of $1.674 per annum.
Each car insurance company in Columbia (and elsewhere) charges a different rate for coverage. Your actual rates will depend on multiple factors. Below is a table that shows the lowest car insurance rates in Columbia, based on market share.
These providers are distinguished by their unique features, which include price. USAA is the only provider that requires eligibility criteria. Progressive and Geico offer the best discounts. Farmers might be the best choice if you’re looking for endorsements. Every company on our list, except Progressive, is rated above the average in J.D. The most recent study on central region auto insurance by Power.
Columbia insurance requirements
Missouri law requires that car insurance be purchased. The minimum amount of liability insurance required for drivers is 25/50/10. This includes the following coverages.
- $25,000 per person for bodily injury liability
- $50,000 per accident for bodily injury liability
- $10,000 per accident for property damage liability
Drivers looking for cheap car insurance in Missouri might be tempted to get a minimum coverage policy to keep costs low. It might not be the best financial decision to limit your coverage in order to obtain the lowest rate.
If you cause an accident, there is no guarantee that your minimum coverage policy will pay for all damages. This could make you financially and legally responsible. Your car’s damage will not be covered by minimum coverage. Drivers who lease or finance their vehicle must have full coverage until the loan is paid off.
Columbia discounts on car insurance
Choosing a cheap car insurance company is one way to get a low rate. Many insurance companies in Columbia also offer discounts that will help drivers save even further. The most sought-after discounts are:
- Discount on defensive driving courses: Many insurance companies will offer a discount if you take a approved defensive driving course.
- Bundling discounts: Drivers who combine their auto, home, or renters insurance policies with the same insurer can often get a substantial discount on their premium.
- Discount on paperless billing: Some insurance companies offer a discount for enrolling with paperless billing.
- Multi-vehicle Discount: Insuring multiple vehicles on the same policy will usually save you money.
Questions frequently asked
Which is the best auto insurance company?
The best car insurance company varies, and it is different for every driver. The factors that determine the best company for you are where you live, what coverage you require, your budget, and any discounts you may be eligible for. Start by comparing quotes from different companies to compare your options.
What amount of Columbia car insurance do you need?
Missouri law requires that all drivers in Columbia carry personal liability insurance at least 25/50/10. You may consider buying a greater amount of coverage to provide additional protection in the case of an accident at fault or any other claim. Talk to an insurance agent about the right amount of car insurance for you.