ST. LOUIS (KMOX) – As evidenced by last week’s storms and this week’s flooding, Missouri is one of the states most at risk for natural disasters and that impacts the wallets of those who live in the state.
According to HomeInsurance.com, Missouri homeowners pay over $300 more each year than residents of Illinois and Iowa but $400 less than Oklahoma residents.
Insurance Information Institute spokeswoman Lynne McChristian says when you live in a state like Missouri, you have to look for ways to stay safe and reduce your rates.
“A safe room would be important for people in Missouri,” she said. “Another important insurance coverage to have is flood insurance.”
According to Bankrate.com, Missouri ranks behind nine other states in the number of major disaster declarations since 1953.
“You can’t ignore some of the things that have happened in the past because you have to plan for those costs to pay claims for future disasters,” McChristian said.