Deciphering which companies offer the most affordable insurance rates for unemployed drivers will involve a bit more effort in order to find the most economical policy. Each insurer has a different process to determine premium rates, so we will examine the lowest cost insurance companies in Kansas City, MO.
It’s important that readers know that Kansas City, MO insurance rates are calculated based on many things that can increase the price you have to pay for coverage. Simply getting older, having a teenage driver, or getting into an accident may generate price changes resulting in some rates now being more affordable than before.
Find the Cheapest Car Insurance for Job Seekers
|Rank||Company||Cost Per Year|
|7||MO Farm Bureau||$1,021|
|Compare Rates Now Go|
USAA offers some of the most affordable car insurance rates in Kansas City at around $642 annually. This is $620 less than the average policy premium paid by Missouri drivers of $1,262. The Hartford, Allied, Electric, and Auto-Owners would also be considered some of the cheapest Kansas City, MO car insurance companies.
As the example above demonstrates, if you have coverage with The Hartford and switched to USAA, you might see savings of upwards of $151. Missouri drivers with Allied could save as much as $225 a year, and Electric customers might lower prices by $233 a year.
To find out how your current rates compare, click here to begin a quote or quote rates from the companies below.
Bear in mind that those estimates are averaged across all types of drivers and the different vehicles they drive and do not take into consideration an exact location for unemployed drivers. So the auto insurance company that can offer you the best rate may not even be in the top 23 companies in the list above. That affirms the importance of why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.
The car, truck, or SUV you are seeking coverage for is probably the biggest factor that determines whether or not you find affordable car insurance for unemployed drivers. Vehicles with limited top-end speed, a great safety record, or low incidents of liability claims will cost less to insure than fast, unsafe models.
The next list shows coverage prices for the more affordable vehicles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$1,232|
|Jeep Wrangler Rubicon 4WD 2-Dr||$1,380|
|Ford Focus S 4-Dr Sedan||$1,428|
|Ford Edge SE AWD||$1,435|
|Toyota Tacoma 2WD||$1,428|
|Volkswagen Jetta 2.0T Station Wagon||$1,441|
|Chevrolet Equinox LS 2WD||$1,456|
|Ford F-150 Lariat Crew Cab 2WD||$1,486|
|Honda Civic EX 4-Dr Sedan||$1,504|
|Ford Escape XLT 2WD||$1,509|
|Hyundai Sonata GLS 4-Dr Sedan||$1,562|
|Chevrolet Silverado LTZ Crew Cab 2WD||$1,668|
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Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Missouri minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Prices do not factor in specific location information which can increase or decrease insurance rates considerably.
Based upon these rates, you can expect cars like the Honda CR-V, Jeep Wrangler, Ford Focus, and Ford Edge are likely to be some of the cheaper vehicles to insure for the unemployed.
Violations and accidents raise rates
In a perfect world, the ideal way to get the cheapest insurance prices in Kansas City for the unemployed is to drive carefully and not receive tickets or have accidents. The example below demonstrates how speeding tickets and at-fault collisions can drive up car insurance rates for different categories of driver ages. The premiums assume a single female driver, comp and collision included, $250 deductibles, and no other discounts are factored in.
In the chart above, the average cost of auto insurance in Kansas City per year with a clean driving record and no accidents is $1,781. Get two speeding tickets and the average cost rises to $2,388, an increase of $607 each year. Then include two accidents along with the two speeding tickets and the yearly cost of insurance for unemployed drivers jumps again to an average of $4,654. That’s an increase of $2,873, or $239 per month, just for not driving responsibly!
Full coverage rates compared to liability-only
Paying a lower price for insurance is probably important to most vehicle owners, and one of the fastest ways to save on the cost of insurance for unemployed drivers is to not pay for full coverage. The illustration below visualizes the comparison of car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.
Averaged for all age groups, physical damage coverage on your policy costs an extra $1,217 per year over liability only. That amount may make you wonder if physical damage coverage is worth the money. There is no definitive rule of when to drop full coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your vehicle’s settlement value is $7,500 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $6,500 after paying the physical damage deductible. If you are currently paying more than $650 annually for comprehensive and collision coverage, then it might be time to buy liability only.
There are a few cases where removing full coverage is not a good plan. If you haven’t satisfied your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should keep full coverage on your policy.
The illustration below highlights how deductible choice can increase or decrease premium costs when researching cheap insurance for unemployed drivers. The premiums are based on a married male driver, comp and collision included, and no discounts are factored in.
The chart above illustrates that a 40-year-old driver could pocket $222 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $336 by changing to a $1,000 deductible. Young drivers, like the 20-year-old example, could possibly save as much as $740 or even more just by choosing higher deductibles when buying full coverage.
When raising deductibles, it will be necessary to have plenty of discretionary funds to allow you to cover the extra out-of-pocket expense that is associated with using high deductibles.
Low rates today, overpriced tomorrow
Kansas City, MO insurance rates are determined by lots of factors which can substantially decrease or increase the policy price. Simply improving your credit, having a teen driver, or getting a speeding ticket may prompt premium changes resulting in some companies being cheaper than competitors.
And not only may your rating factors change, but insurance companies change the rates they charge in Missouri as often as every quarter to adjust for gains or losses. Higher than usual claims may cause additional price hikes, while less frequent claims can result in more affordable Kansas City car insurance rates.
For instance, the chart below shows the companies that have the cheapest car insurance in Kansas City, MO for a 40-year-old female driver with a clean driving record, no accidents, and a good credit history. When quoting prices based on her current risk profile, USAA may have the best car insurance rates in Kansas City at $808 annually. This is $454 less than the average price paid by Missouri drivers of $1,262. The Hartford, Electric, Allied, and Auto-Owners also make the list of the cheapest Kansas City, MO auto insurance companies.
Now let’s give the driver from the above example an accident surcharge, slightly worse credit, and a stop sign violation. Since each insurance company uses their own formula for filing rates in each state, comparing rates most likely will result in a different list of the cheapest car insurance companies in Kansas City as shown below.
MO Farm Bureau now has the best auto insurance rate in Kansas City with Nationwide, Farmers, The Hartford, and Cameron Mutual also having competitive pricing. This illustrates why drivers need to do a thorough rate comparison when trying to get the most budget-friendly auto insurance rates for unemployed drivers. Rates are made up of many things and can increase or decrease at any time, so the most affordable company the last time you compared rates may now be one of the higher cost companies.
The agents shown below can most likely answer your questions and help you decide which coverage meets your needs best, since some drivers aren’t sure which coverage they need and prefer to have a little guidance when comparing insurance rates for the unemployed. It’s not always simple to find the best coverage yourself, and getting advice from a licensed agent can add peace of mind knowing your coverage gives you sufficient coverage at claim time.
To locate a Kansas City insurance agent close to where you live, click the button following the list or click here to compare rates now.
- American Family Insurance – Clint Cole Agency Inc.
8301 State Line Rd Ste 112 – Kansas City, MO 64114 – (816) 444-7468
- Shelter Insurance – John Goodwin
11125 Locust St – Kansas City, MO 64131 – (816) 363-5848
- State Farm: Mike Parisi
416 Armour Rd – North Kansas City, MO 64116 – (816) 221-3840
- American Family Insurance – Tony Osborn
6510 N Oak Trafficway – Kansas City, MO 64118 – (816) 454-6555
- Northland Independent Insurance Group
5575 NW Barry Rd – Kansas City, MO 64154 – (816) 587-1826