This would be a quick read if we could simply tell you the one auto insurance company that has the rock bottom lowest rates in Missouri. Unfortunately, it’s not that simple as there are a whole bunch of unknowns like what level of deductibles you wish to have, where you live, the amount of coverage you want, and how much you actually drive in a year, that all go into determining the rate you pay. This article will detail the best ways to shop for cheaper coverage and will hopefully give you a good start to your coverage search.
The car, truck, or SUV you are insuring is one of the primary factors when shopping for the most affordable coverage after a speeding ticket. Vehicles with lots of horsepower, poor passenger safety features, or a high likelihood of having liability claims will cost more to insure than safer models. The next table features insurance rates for some of the most economical automobiles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$1,763|
|Chevrolet Impala LS||$2,005|
|Volkswagen Jetta SE 2.5 Station Wagon||$2,025|
|Toyota RAV4 Limited 4WD||$2,045|
|Ford Escape Limited 4WD||$2,070|
|Ford Explorer Limited 4WD||$2,083|
|Ford Edge Sport AWD||$2,157|
|Toyota Corolla XLE||$2,163|
|Nissan Rogue S AWD||$2,190|
|GMC Sierra SLT Crew Cab 2WD||$2,195|
|Chevrolet Silverado LTZ Crew Cab 4WD||$2,200|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$2,235|
|Ford F-150 Lariat King Ranch 4WD||$2,242|
|Dodge Grand Caravan SE||$2,242|
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Prices above based on single female driver age 30, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Missouri minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, and claim-free. Information does not factor in your specific Kansas City, MO location which can decrease or increase prices considerably.
By looking at the data, vehicles like the Honda CR-V, Chevrolet Impala, Volkswagen Jetta, Toyota RAV4, and Ford Escape should be the more affordable vehicles to insure after a few driving violations.
Trying to buy budget car insurance is not most people’s favorite thing to do, and finding out which company quotes the cheapest car insurance rates after a speeding ticket requires even more diligence.
Every insurance company uses their own formula for determining prices, so we need to take a look at the car insurance companies with the overall cheapest rates in Kansas City. It’s a good idea to know that Kansas City, MO car insurance rates are influenced by many factors which can substantially change the cost of having a policy. Price variation is why it is critical to compare lots of rates to get the most budget-friendly car insurance rates after a speeding ticket. Car insurance prices are impacted by many factors and change dramatically, so the cheapest option three years ago may now be costing you a lot of money.
Best Cheap Insurance Rates with Licence Points
|Rank||Company||Cost Per Year|
|7||MO Farm Bureau||$1,063|
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USAA quotes some of the best car insurance rates in Kansas City at around $642 per year. The Hartford, Electric, Allied, and Auto-Owners also qualify as some of the lowest-priced Kansas City, MO auto insurance companies.
In this example, if you have coverage with Allied and switched to The Hartford, you may realize an annual premium reduction of about $58. Customers with Auto-Owners may save as much as $218 a year, and Travelers customers might reduce prices by as much as $229 a year.
Be aware that those policy prices are averages for all drivers and vehicles and are not factoring in an exact zip code location after a speeding ticket. So the car insurance company that has the cheapest rates for you may not even be in the top 23 companies in the list above. That illustrates why you need to compare rates from multiple companies using your own driver data and vehicle information.
After a few driving violations, one of the big factors that are looked at to help calculate car insurance rates is where you live in Kansas City. Areas with increased crime or more people tend to pay slightly more, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive slightly lower rates.
The illustration below lists the highest-priced areas in Missouri after a speeding ticket to purchase car insurance in. Kansas City comes in at #7 with a yearly cost of $1,245 for the average policy, which is around $104 monthly.
|Rank||City||Average Per Year|
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Table data uses comparative as the specific Kansas City residence address can change prices considerably.
The example below demonstrates how deductibles can impact yearly insurance costs when researching cheap insurance after a speeding ticket. The premiums are based on a married female driver, comp and collision included, and no discounts are applied to the premium.
A 30-year-old driver could lower rates by $252 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $382 by selecting a $1,000 deductible. Even younger drivers, like the Age 20 category, could roll back prices as much as $542 every year by choosing larger deductibles on their policy. If you make the decision to raise deductibles, it is necessary to have enough spare savings to offset the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Liability rates compared to full coverage
Saving money on car insurance is important to the majority of vehicle owners, and one of the quickest ways to buy cheap insurance after a speeding ticket is to only pay for liability coverage. The illustration below illustrates the difference between insurance premiums when comparing full coverage to liability only. The information is based on no accidents, no driving violations, $250 deductibles, drivers are not married, and no discounts are applied to the premium.
If all age groups are averaged, full coverage costs an additional $1,876 per year more than just buying liability only. That touches on the question if buying full coverage is a good investment. There is no written rule for excluding full 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 replacement cost minus your deductible, then it could be time to drop full coverage.
For example, let’s assume your vehicle’s claim settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after paying your policy deductible. If it’s costing you more than $500 annually for your policy with full coverage, then you might consider buying liability only.
There are some situations where dropping physical damage coverage is not in your best interest. If you haven’t satisfied your loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
How to find the cheapest auto insurance after a speeding ticket
It is possible to find better rates, and here are some of the recommended thrifty ideas that can help Kansas City drivers quote cheaper coverage.
- Save money by staying claim-free
- Higher credit ratings may save you money
- The safer your car, the less it costs to insure
- Avoid preventable accidents
- Be a safe driver
- Comparison shop at least every other year
That last piece of advice is notably significant, as was noted in this piece. Auto insurance prices can change considerably in a year, so you should be ready to change insurance companies if a better rate can be found. Many drivers tend to have loyalty to a certain company, but it’s not a good idea if that faithfulness ends up costing you hundreds of dollars year after year. It only take a few minutes to compare prices to find cheaper auto insurance after a speeding ticket in Kansas City.
The insurance agents in Kansas City listed below can most likely answer your questions and help you decide which policy is best, since some people prefer to get some help when shopping around for cheaper insurance after a few driving violations. It can be complicated to find the cheapest car insurance policy, so agents can give you comfort knowing your coverage gives you enough protection. To locate an agency closest to you, click the button after the list or click here to compare prices now.
Fusion Insurance Agency
5920 Wilson Ave – Kansas City, MO 64123 – (816) 470-9050
Allstate Insurance: Steve Marshall
7000 NW Prairie View Rd Ste 100 – Kansas City, MO 64151 – (816) 587-5200
Tim Dugan – State Farm Insurance Agent
6453 N Cosby Ave – Kansas City, MO 64151 – (816) 746-1300
Nestel Insurance Agency
9233 Ward Pkwy #124 – Kansas City, MO 64114 – (816) 361-6442