Missouri Car Insurance
Car insurance is mandatory for drivers in Missouri. By law, Missouri drivers are required to carry minimum liability coverage of $25,000 for one person, $50,000 for all parties in an accident for bodily injury damages and $10,000 minimum coverage for property damage liability. This amount of coverage may be more simply stated on an auto insurance policy as 25/50/10.
UIM Coverage is a Requirement
In Missouri, drivers are also required to purchase Uninsured/Underinsured Motorist (“UIM”) coverage with minimum liability limits of $25,000 for one person, $50,000 for all parties in an accident for bodily injury damages. UIM coverage applies in the event the at–fault driver in the accident is uninsured or does not have enough insurance to pay for the damages sustained by the other driver(s) or passengers in the accident.
For example, if a driver in an accident had 25/50 UIM coverage, he or she would be able make a UIM claim with their auto insurance company and be able to receive up to $25,000 for their own bodily injury damages. A UIM claim would be valid if the at fault driver was uninsured or the UIM insured sustained accepted bodily injury damages beyond the limits of the at–fault driver’s policy. Per the UIM policy limits, the insurance company would only pay up to $50,000 for all UIM bodily injury claims stemming from the accident.
Collision and Comprehensive Coverage
Other important available insurance coverage types in Missouri include Collision and Comprehensive coverage. These coverage types are not required by law but can be very important in the event of an accident. Also, many financial institutions require vehicle owners to purchase collision and comprehensive coverage as a condition of their loans.
Collision pays for vehicle repairs or vehicle replacement value following a collision regardless of fault. Comprehensive coverage pays for all vehicle repair damage or replacement value for incidents other than a collision such as the tree falling on a car or the car being stolen. There are minimum deductible limits for these collision and comprehensive such as $500, but drivers can also raise their deductible amounts to lower their premiums.
Keep Your Insurance Current
It is very important that Missouri drivers do not allow their auto insurance policies to lapse. Each day, thousands of Missouri drivers are involved in car accidents. Uninsured drivers in Missouri have to pay fines and may be forced to comply with state financial responsibility laws, which require them to purchase expensive SR–22 Insurance. Uninsured or underinsured driver can also be held personally responsible for all damages caused in an accident. Driving without car insurance in Missouri is extremely unwise and can lead to financial ruin.
Drivers in Missouri have more than a dozen auto insurance companies to choose from. Large insurers such as Geico, State Farm, and 21st Century all sell auto insurance in Missouri. Whether you live in Kansas City, St. Louis, Springfield, or Independence, use BestCarInsuranceCompanies.net to get low cost auto insurance. Just enter your zip code above to get started and you could be on your way to saving hundreds of dollars a year on Missouri car insurance.