Missouri Affordable Auto Insurance Rates: Coverage Requirements
In the state of Missouri, there are two types of insurance coverage that are mandatory for all drivers to carry. Liability must be carried in the amounts of:
$25,000 per person for bodily injury
$50,000 per accident in total for bodily injury
$10,000 per accident in total for property damage.
Uninsured Motorist coverage is also required in Missouri. This is a very good thing as the state ranks 22nd in terms of the highest rate of uninsured motorists, with an estimated 13.7% of drivers opting to not carry insurance. UM protects you from such drivers.
Missouri Affordable Auto Insurance Rates: Coverage Recommendations
Drivers in Missouri should always opt for coverage that goes beyond what the state mandates. Realistically, the liability limits are much too low to provide adequate financial protection if you were to be at-fault in a serious car accident. Therefore, you should always choose to carry limits of at least $100,000 per person for bodily injury; $300,000 per accident in total for bodily injury; and $100,000 per accident in total for property damage.
In addition, while not mandatory by the state, collision and comprehensive are mandatory according to lenders for vehicles which are financed. Collision will cover physical repairs to the vehicle if loss or damage occurs in an at-fault accident. Comprehensive will cover physical repairs or replacement if loss occurs due to things like fire, theft, vandalism and animal damage. Both of these forms of physical damage coverage should also be considered if your car is not financed, but the value is still relatively high.
Other recommended forms of insurance include towing and labor coverage and rental car coverage. Drivers should also invest in personal injury protection or PIP which will provide for medical coverage in case you or a passenger is hurt in a car accident.
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