Deciphering which company has the best insurance rates for a school permit will require more time in order to find the lowest price quote. Every insurance provider uses their own calculation for determining rates in each state, so let’s rank the most affordable insurance companies in Kansas City.
It’s a good idea to know that Kansas City insurance rates are impacted by many things which can significantly increase or decrease the price you pay. Simply getting older, becoming a homeowner, or having an at-fault accident can trigger rate changes resulting in some rates now being more affordable than competitors.
Best Auto Insurance Prices for Students
|Rank||Company||Cost Per Year|
|5||MO Farm Bureau||$1,021|
|View More Rates Go|
USAA has some of the best car insurance rates in Kansas City at around $668 annually. This is $594 less than the average rate paid by Missouri drivers of $1,262. The Hartford, Allied, Electric, and MO Farm Bureau also qualify as some of the best Kansas City, MO auto insurance companies.
In the rate table above, if you are insured with Allied and switched to USAA, you might realize a yearly savings of around $173. Missouri drivers with Electric may save as much as $207 a year, and MO Farm Bureau customers might lower prices by $353 a year.
Bear in mind that those policy prices are averaged across all ages of drivers and types of vehicles and and are not figured with an exact location for a school permit. So the auto insurance company that can offer the best rates for your situation may not even be in the top 23 companies in the list above. That affirms the importance of why you need to get auto insurance quotes using your own personal information and vehicle type.
One of the many considerations that are used to help calculate the price you pay for insurance is where you live. Regions with larger populations or more claims tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower rates.
The information below ranks the most costly cities in Missouri for a school permit to purchase a policy in. Kansas City is ranked at #6 with an annual cost of $1,257 for the average insurance policy, which is around $105 each month.
|Rank||City||Premium Per Year|
|Compare Prices Now Go|
Premium costs are estimated as specific location information can decrease or increase premium rates significantly.
Difference between full coverage and liability only rates
Reducing the cost of insurance is the goal of the majority of vehicle owners, and a great way to find cheap insurance for a school permit is to not buy full coverage. The illustration below illustrates the comparison of car insurance rates with and without physical damage coverage. The rates are based on no claims, a clean driving record, $100 deductibles, single status, and no discounts are applied.
As an average for all age groups, physical damage insurance costs $1,532 per year over and above liability coverage. At some point, every insured wonders if full coverage is worth the money. There is no clear-cut rule to delete physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
For example, let’s assume your vehicle’s replacement cost is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $5,000 after the deductible is paid. If premiums are more than $500 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are some circumstances where eliminating full coverage is not in your best interest. If you haven’t paid off your loan, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.
Selecting a highly-rated insurance company can be a challenge considering how many companies are available to choose from in Missouri. The ranking data shown next can help you select which companies you want to consider when shopping around.
The ratings below include companies who write in the majority of U.S. states, so companies with more of a regional focus are not taken into consideration for the list. To compare prices from many more Missouri auto insurance companies, just click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|Compare Rates Now Go|
Data Source: Insure.com Best Car Insurance Companies
How to find cheaper insurance for a school permit
The list below summarizes many money-saving ideas that can help drivers locate cheap coverage.
- Do not get traffic tickets
- Vehicles with safetly features generally cost less to insure
- Do not get into accidents
- Good credit can save money
- Increase your physical damage deductibles
- Drop full coverage on older vehicles
- Compare rates regularly to ensure the best deal
The last tip is particularly crucial, as was noted in the article above. Auto insurance rates in Kansas City fluctuate constantly, so don’t be hesitant to change insurance companies if you can save money.
Having a favorite company is great, but it’s not a great idea if it’s costing you money that could be going to better use. In just a couple of minutes you could shop around to find cheaper car insurance for a school permit.