Renters Insurance Missouri

The average estimated cost of a rental insurance policy in Missouri was $172 a year in 2013. Renters insurance is less expensive than many people realize: average homeowners insurance is $980 a year in Missouri.

Comparing Renters and Owners Insurance in 2013 in Missouri

In 2012, there were 42466 burglaries reported in Missouri. The landlord's policy does not cover renter's damages like burglary, and to protect oneself from events like burglary, fire and similar disasters renters insurance is critical.

Renters Insurance Coverage Types:

Actual cash value policy:

The Actual cash value policy covers the depreciated value of loss. For example, a Personal Computers bought for $720 might be worth only $360 in six months, and that is all one is going to get for it.

Replacement Coverage Policy in Missouri:

In that same example, you won't necessarily get what you paid for your Personal Computers, but you'll get enough to buy another one just like it. Replacement Cost Insurance in Missouri costs about $43.0 more than the Actual Cash Value policy.
Considering the median rent of $800 per month in Missouri, the average renters insurance of $10 per month is 1.25% of median monthly rent.

Estimated Renters Insurance for Different House Types in Missouri

House Type	Median Rent	Estimated Renters Insurance
Single Fam	$850	$178
Duplex	$650	$136
Studio	$480	$100
One Bed	$600	$126
Two Bed	$730	$153
Three Bed	$900	$189
Four Bed	$1,000	$210
Many Bed	$1,000	$210

Deductibles in Missouri:

By opting for a $500 deductible over a $250 deductible, an average of $18.92 can be saved on the insurance premium.