It's no wonder O'Fallon consistently makes Money magazine's Best Places to Live. With a low cost of living, healthy economy and plenty to keep its residents busy, O'Fallon offers much of what nearby St. Louis can offer without the headaches and costs that go with a big city. Even with all its charms, this little city still contends with what all Missourians contend with and that's finding affordable insurance. But shopping for O'Fallon insurance quotes doesn't have to be hard if you know what you're doing.
O'Fallon Insurance: Home Stage
Even though O'Fallon has weathered the economic storm better than most of the U.S., it still has seen the unavoidable drop in the real estate market. The median price of homes in 2005 was $200,000; in 2010, it's about $165,000. This could affect how you originally insured your home. Does it still cost the same to rebuild today as it did when you bought it? New home construction in O'Fallon peaked in 1999 but has dropped 80% since then. Is it cheaper to replace your home today?
If there's a natural disaster out there, chances are it has Missouri's name on it. From ice storms to floods to being part of Tornado Alley, Missouri has it all. And though a big one hasn't hit since 1812, the Show Me State also experiences earthquakes. The threat is real and "significant" according to a 2008 report by the Missouri Earthquake Insurance Task Force. Missourians don't take it lightly; Missouri is the third largest earthquake insurance market in the country. If you're shopping for O'Fallon insurance quotes for your home, consider the separate earthquake coverage. For a $150,000 home, a policy averages $175.
O'Fallon Insurance: Auto Stage
Missouri law requires the following auto insurance coverage:
- $25,000 per person for bodily injury
- $50,000 per accident for bodily injury
- $10,000 per accident for property
But knowing the unpredictability of Missouri weather, it's a good idea to look at comprehensive coverage. Suppose after leaving McGurk's one winter afternoon you find a rogue piece of ice has dropped from the eaves of a building, denting your hood. Only comprehensive covers this. Don't fret. Missouri has some of the lowest rates in the country. And if you want to lower your rates even more, consider a car with anti-lock brakes, airbags, automatic seatbelts, and an anti-theft system.
Many O'Fallon residents do the I-70 road rally work the 30 miles into St. Louis-one of the reasons the average O'Fallon commute time is one of the highest in the state. Higher commute, higher potential premiums.
Final Stage: Saving Money
With so many different variables for Missourians to consider-some in your control and some not-it pays to have a trusted partner at your side when shopping for O'Fallon insurance quotes. So shop with NetQuote. It's free, easy and allows you to comparison shop to find the right policy at the right price.