Are you current on your car insurance? Though it isn’t exactly a fun bill to pay each month, maintaining an active car insurance policy is essential for your financial and legal wellbeing. Each state has different car insurance laws, so it’s important to evaluate whether your own Missouri insurance will keep you financially protected in the case of an accident.
What Are Missouri Car Insurance Guidelines?
Missouri residents are required to carry car insurance, but there are always lawbreakers in the crowd. Up to 14 percent of all drivers in the state do not carry active car insurance policies. This is a major problem! When uninsured drivers become involved in accidents, unpaid damage claims can result in higher premium rates for insured drivers.
Missouri requires residents to obtain basic coverage, and everything beyond basic coverage is optional. This means that as a Missouri residence you need to keep a policy that covers liability and uninsured motorists. The liability portion of your policy covers injuries and property damage that you cause to other drivers. The uninsured motorist portion, meanwhile, covers the injuries that you and your passengers sustain from an uninsured drivers.
Other Minimum Coverage Requirements
Furthermore, you also need to pay for a minimum amount of financial coverage. These minimum amounts are commonly known as 25/50/10, which is short for $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $10,000 for property damage per accident. When it comes to uninsured motorist coverage, the minimums are $25,000 for bodily injury per person and $50,000 for bodily injury per accident. It is always possible to pay for extra coverage as well.
Going Beyond the Minimum Missouri Car Insurance Requirements
Missouri car insurance offers many optional choices that go above and beyond minimum requirements. If you choose some of these options, you will benefit from additional coverages in the case of an accident.
Collision coverage, for instance, pays for damage to your car from hitting an inanimate object, comprehensive coverage pays for damage to your vehicle by forces other than a crash, and medical payments cover medical care up to specific limits for both you and your passengers.
If you ever have problems with your car insurance company and think that you deserve more money from your claim than the insurance is willing to pay out, contact a Missouri car accident attorney like Attorney Swaney at Swaney Law Firm in St. Louis. Attorney Swaney has decades of experience challenging car insurance companies to get his clients the compensation they deserve. Call (314) 766-4697 today to schedule your free consultation with Attorney Swaney.