Springfield ,MO Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Springfield, MO homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Springfield, MO is $2177. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Springfield, MO. VHome Insurance will help you navigate the world of homeowners insurance coverages in Springfield, MO.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $871 |
| $200,000 | $1,480 |
| $300,000 | $1,829 |
| $400,000 | $2,787 |
| $500,000 | $3,505 |
Home insurance costs in Springfield can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 065802 | $2,058 |
| 65803 | $2,062 |
| 65806 | $1,995 |
| 65809 | $2,263 |
| 65810 | $2,185 |
| 65804 | $2,118 |
| 65807 | $2,074 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Springfield, MO, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,232 |
| $1000 Deductible | $1,996 |
| $1500 Deductible | $1,883 |
| $2500 Deductible | $1,698 |
| $5000 Deductible | $1,437 |
| Home Insurance Company Near Springfield, MO | Homeowners Insurance Agency Near Springfield, MO | Address |
|---|---|---|
| Allstate | David Torgeson | 1636 S Glenstone Ave Ste 12, Springfield, MO, 65804 |
| State Farm | Jim Reed | 300 S Kyler St Ste A, Monett, MO, 65708-2600 |
| Farmers | Kenny Teague Csp Lutcf | 302 E Republic Rd, Springfield, MO, 65807 |
| Travelers | Mccully Insurance Agency | 219 US HIGHWAY 60 WEST, REPUBLIC, MO, 65738 |
| Travelers | Mid-Missouri Insurance Agency | 116 W Camden Ave Richland, Lebanon, MO, 65556 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Campbell No. 2 township, Greene County, Missouri | $123 | $163 | $245 |
| Campbell No. 2C township, Greene County, Missouri | $126 | $167 | $251 |
| Wilson A township, Greene County, Missouri | $121 | $161 | $242 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Springfield, MO | 8.8% | 26.3% |
| Campbell No. 2 | 8.02% | 27.19% |
| Campbell No. 2C | 6.62% | 22.43% |
| Wilson A | 9.18% | 23.32% |
| Springfield Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 529 | 1.0% | $351 |
| $200 to $299 | 1,091 | 3.0% | $801 |
| $300 to $499 | 7,128 | 20.0% | $1251 |
| $500 to $749 | 15,226 | 43.0% | $1926 |
| $750 to $999 | 8,081 | 22.0% | $2676 |
| $1,000 to $1,499 | 2,506 | 7.0% | $3801 |
| $1,500 or more | 638 | 1.0% | $5451 |
| Streets in Springfield Area | Homeowners Insurance Cost |
|---|---|
| Harrison St, N Farm Rd 145, S Victoria Ave, S West 139 Ave, S Scotts Ln, W Sexton Dr, W Bull Run Battle St, Rose Dr, S John Q Hammons Pkwy, W Sagamont St | $1,015 |
| S Pembrook Ave, N Franklin, S Boone Ct, N Sunrise Ln, N Irving Ave, S Miami Ct, E Emerald Ln, W Camino St, S Stoneridge Ln, N Evangel Ct | $1,106 |
| N Thistlewood Ct, W Cloverleaf Ter, E Cozy St, E Turtle Hatch Rd, E Phelps St, E Briarwood Trail Ct, E Swiss Lane Ct, S Bailey St, S Sunrise Ave, Farm Rd 75 | $1,074 |
| E Calhoun St, W Rockwood, S Wedgewood Ave, W Wick St, E Old Wire Rd, E Meadowgate Dr, S Miranda Ct, S Farm Rd 199, E Bluegrass Rd, E Page St | $1,043 |
| W Buena Vista St, E Swope St, S Casa Grande Ave, E Continental Way, W Crystal Ln, E Villa Marie St, S Elmwood Ave, N Oakland Ave, S Belgravia Ave, N Patton Ave | $970 |
| W Webster St, W Vincent Dr, N Co Rd 123, Eldon Ave, N Foster Ave, S Pin Oak Dr, Western, S Cllifton Ave, W Stanford St, S Lilac St | $991 |
| E Sommerset Rd, Ridgeview Ave, W Rockwood St, W Smith St, Lincoln, S Moonlit Ln, Jonathan, Co Rd 101, E Stanhope Ter, S Lake Shore Ave | $988 |
| S Rochelle Ave, S Farm Rd 193, N Troy Ave, N Kellett Ave, S Norshire Ct, W Brower St, E Redwood St, E Sugarmaple Dr, W Broadmoor St, W Blakey St | $1,044 |
| S Montego Dr, S Karla Ave, E Bowman St, S Keystone Ave, Co Rd 101, N Cedarbrook Ave, S Frisco Trails Rd, S Colby Ct, S Lincoln Ave, E Washita Ct | $1,082 |
| Marshall, N Farmer Ave, N Le Compte Rd, S Tulip Ln, S Sydney Ave, S Williamsburg Ave, S Prince Ln, E Camorene St, S U Dr, S Gibson Ave | $1,024 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Springfield | $143 to $146 |
| Campbell No. 2 | $147 |
| Campbell No. 2C | $150 |
| Wilson A | $145 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $1,800 |
| Yearly Springfield Homeowner Insurance Premium Example | $900 | $700 |
| Out of Pocket Expense During Claim | $800 | $1,800 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $8,000 | $7,400 |
| Net Savings to Springfield Home Owner from High Deductible Plan | $600 | |
| Scenario | Springfield, MO Home Replacement Value MORE than Home Value | Springfield, MO Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $136,500 | $74,000 |
| Insurance Premium based on Replacement Value | $775 | $425 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $32,000 | Risk Exposure from Under Insuring Coverage is $30,500 |
| Premium Impact | Insurance cheaper by $175/year | Insurance costlier by $175/year |
| Insurance Company | State Farm | Amica Mutual Insurance Company | Allstate |
| Monthly Premium | 27 | 36 | 92 |
| Year Built | 1961 | 2004 | 1940 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 2 Baths | 4 Beds, 2 Baths |
| Coverage Amount | $75000-$100000 | $75000-$100000 | $175000-$200000 |
| Deductible | $1000-$2500 Deductible | $500- $1000 Deductible | $500 Deductible |