HomeInsuranceQts

Home Insurance in Missouri

Homes in Missouri carry a median value of $230,300.

The typical home in Missouri was built around 1978. About 27% of homes were built before 1960. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.

Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Missouri is 74% single-family homes, 13% apartments in buildings with 5+ units and 5% mobile or manufactured homes.

In Missouri, about 60% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

The vacancy rate is 11%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 68% of occupied homes in Missouri are owner-occupied.

Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Missouri, 49% of homes are primarily heated with natural gas.

The statewide average premium for a standard HO-3 homeowners policy in Missouri is $1,589 per year, according to the NAIC homeowners insurance report (2023 data).

Key figures

Median home value$230,300
Median year built1978
Owner-occupied share68%
Share of owner-occupied homes with a mortgage60%
Home insurance premium$1,589 - statewide average (NAIC, 2023 data)

Counties

Sources