Find affordable car insurance with bad credit by comparing rates.
Find affordable car insurance with bad credit by comparing rates.
Jermaine J.
Auto insurance can be expensive for drivers with bad credit. Auto insurance companies use credit tier as a primary rating factor, pricing policies based partially on clients' credit scores. Because auto insurers use historical data that show drivers with poor credit are more likely to file auto insurance claims, the companies account for for the additional risk by assigning expensive rates.
How much you pay for car insurance with bad credit depends on which company you choose, where you live, and a few other rating factors. We've gathered below average insurance premiums for drivers with bad credit in major Missouri cities, along with rates from large car insurance companies, along with tips to save on car insurance if you have bad credit in Missouri.
Drivers in Missouri pay an average penalty of $1,535 per year for having a credit score at the low end of the scale. A driver in either the “poor” or “below fair to poor” credit tier will also pay above-average rates for a car insurance policy.
| Credit Tier | Average Annual Rate in Missouri |
| Worst | $2,870 |
| Poor | $2,569 |
| Below Fair to Poor | $2,286 |
| Average — All Credit Tiers | $1,334 |
Your auto insurance rates will also depend on the specific area where you park your car. Car insurance companies rely on your address to better understand how likely you are to file an insurance claim: the denser your area,, the more you'll pay.
Listed below are major Missouri cities and their average auto insurance rates for drivers with poor credit ratings.
| City | Average Annual Rate — Worst Credit | Average Annual Rate — Poor Credit | Average Annual Rate — Below Fair to Poor Credit |
| Kansas City | $3,267 | $2,927 | $2,611 |
| Springfield | $2,775 | $2,486 | $2,219 |
| Independence | $3,058 | $2,740 | $2,445 |
| Columbia | $2,680 | $2,397 | $2,138 |
| Lee's Summit | $2,839 | $2,543 | $2,267 |
Another factor contributing to your premium is the company you buy from. Every auto insurance company prices its policies differently, giving rating factors varying weights in their calculations. Credit can be a significant price differentiator between otherwise-similar insurance companies. In Missouri, the most affordable insurance company for a driver with a bad credit score is Allied, which offers savings of $324 per annum versus the second-most affordable company, GEICO.
See rates from leading auto insurance companies in Missouri for drivers with bad credit.
| Company | Average Annual Rate — Worst Credit Tier |
| Allied | $1,413 |
| GEICO | $1,736 |
| American Family | $1,806 |
| Farm Bureau Town & Country Insurance Company | $1,935 |
| State Farm | $2,523 |
If you're having a hard time buying car insurance with bad credit, consider these tips:
