Missouri car insurance quotes should be your first stop when either shopping for a new policy or looking to save money on your existing policy. If you don’t know how much each company charges, how can you expect to get a fair deal?
Yet, saving money should not be your only concern. A cheap policy might be a cheap policy for a reason. Read the information below to find out what how much insurance you are legally required to carry, important Missouri auto insurance laws and other key information that can help you select the right policy for your needs and budget.
Minimum Auto Insurance Requirements In Missouri
Missouri has relatively easy to understand minimums when it comes to auto insurance. In comparison to other states, the requirements are not very onerous. You’ll need to have the following types and amounts of insurance coverage if you drive in Missouri:
- $25,000 per person for bodily injury liability insurance;
- $50,000 per accident for bodily injury liability insurance;
- $10,000 per accident for property damage liability insurance;
- $25,000 for bodily injury per person uninsured motorist coverage;
- $50,000 for bodily injury per accident uninsured motorist coverage.
You should be aware that the liability portion of your policy pays out to other drivers and victims if you are found at fault in an accident. The uninsured motorist portion of your policy will pay you, if you get in an accident where the other driver is at fault, but does not have insurance coverage.
Please note, that while property damage liability insurance is mandatory, uninsured property damage coverage is not. Thus if you are hit by a driver who doesn’t have insurance you may have to pay for damages to your car, unless you have collision and/or uninsured property damage coverage included in your policy.
Given this situation you should consider both higher liability and uninsured motorist insurance limits along with additional forms of insurance coverage. The Missouri Department of Insurance has a list of the most common types of additional coverage you should consider.
Finally, you should be aware of the fact that most people choose to meet their insurance obligations by purchasing a policy from a licensed Missouri insurer. Yet, the state does have an alternative method of showing proof of financial responsibility.
In lieu of an insurance policy you have to show you have funds to pay for an accident in the form of either a surety bond; real estate bond; or deposit of cash and/or negotiable securities (e.g., stocks, bonds, CD’s, etc) on file with the Department of Revenue. You can learn more about this alternative from the Department of Revenue’s Proof of Financial Responsibility page.
Missouri State Auto Insurance Laws
Although the basics of Missouri’s automobile insurance laws are pretty straightforward, there are many details that can take the uninitiated by surprise. Most obviously you need to know that insurance is mandatory in Missouri. The other two key things to know are: how much of what type of insurance you are required by law to have (see above) and that the state operates under the at fault principle.
This simply means that the person responsible for an accident has to pay for it. This is the reason why the state of Missouri wants to make sure all drivers either have insurance or another acceptable form of proof of financial responsibility. They take the issue very seriously, and so should you.
The state requires you to be able to show proof of insurance and/or financial responsibility when requested to do so. Most commonly this will be when requested to do so by a law enforcement officer, when registering or renewing your vehicle and/or at the scene of an accident.
Failure to show proof of insurance can result in one of three things happening. They are:
- 4 points being added your driving record. (If you get 8 points within 18 months your driver’s license is suspended).
- You may have an order of supervision issued, which makes sure you are maintaining proper insurance.
- Have your driver’s license suspended.
Therefore as you can see, it can have a big impact on your ability to drive. It may also have an impact on your ability to buy affordable car insurance in the future. So, do take your responsibility seriously. Moreover, if you have your driving privileges suspended you’ll have to apply for reinstatement.
The reason for your driving suspension will determine what costs and requirements for reinstatement. For insurance violations this can include but is in no way limited to fees of anywhere from $20 to $400 and the possibility of having to file an SR-22 Form which will be kept on file for 3 years. You can learn a lot more about your insurance requirements and obligations in Missouri from the following webpages from the state government.
For common questions about mandatory insurance see this FAQ from the Department of Revenue and this FAQ from the Department of Insurance. For claims information the Department of Insurance has created a guide to Understanding your auto claim.
You can learn about policy cancellation, who’s covered under a policy, complaint investigation and more from the Consumer guide to automobile insurance.
Missouri Car Insurance Companies
Missouri is not different than other states in the fact that there are many national, regional and local insurance companies to choose from. The Missouri Department of Insurance keeps the most complete record of licensed insurance companies in the state. You can use their company search page to find a complete list of companies.
Yet there are two more manageable solutions out there for you. First just get online auto insurance quotes (you can get one free below). Second start by looking at the nation’s biggest insurers. The following insurers are all members of the Insurance Information Institute and collectively sell the vast majority of policies in the state.
Kemper Corporation (formerly Unitrin)
Now just because a company is big doesn’t mean it is good. You need to check the complaint index to know which companies have many complaints against them and which ones are easy to do business with. Conversely, if you’re not happy with your insurer, you should look into how to file a complaint if your problem can not be resolved by any other means.
Finally if you can’t get auto insurance coverage in Missouri from the open insurance market, you should look at the Missouri Joint Association (MJUA). They may be able to help.
Average Missouri Auto Insurance Rates
Missouri drivers on average pay less for auto insurance (all other things being equal) than drivers in the rest of the country. Just how much less is open to debate but two commonly used sources agree. The Insurance Information Institute (I.I.I.) found Missouri to be only the 35th most expensive (16th cheapest) in the whole country in 2008. That year average premiums for drivers were $657 per year compared to a national average of $789 per year.
CarInsurance.com which tracks the average price quoted for a policy has also found the state to be cheaper than others. In 2011 quoted policy averages have been $1,146 per year in the state, versus a national quoted average of $1,441. So both policies bought and rates quoted tend to be lower for the average driver.
To learn more about how auto insurance rates are determined in Missouri and/or ways to lower your premiums you should visit the Missouri Department of Insurance website.
Missouri Car Accident Statistics
According to information published by the Missouri Department of Transportation and the National Highway Traffic Safety Administration (NHTSA), Missouri is a little more dangerous than average to drive in.
In 2009 there were 878 fatalities on Missouri’s roads, 652 of which occurred on Missouri’s state highway system. This means the state has an average fatality rate of 1.27 per 100 million vehicle miles traveled compared to a rate of 1.14 in the rest of the country. To put it another way you have about a 10% greater chance of being killed by a vehicle in Missouri than you do in the rest of the United States.
The problem of accidents is spread across Missouri’s counties. The NHTSA has identified the following 5 as being particularly problematic (averaging well over 30 fatalities per year each): Jackson County, St. Louis County, St. Louis City, Jefferson County and Greene County. Yet, no matter where you drive please always drive safely to protect both you and your passengers.
Missouri Car Insurance Quotes – Paying Less For Coverage
If you want to know how much you’ll have to pay for you insurance policy, get several Missouri car insurance quotes. From these you’ll have an idea about how much you’ll likely have to spend to keep you, your passengers, and your car safe.
There are many cheap car insurance options in Missouri. A quick online car insurance quote will help you find some of them. Yet, it doesn’t hurt to spend a little more time and perhaps money, for something so important to your safety. Make sure you fully understand each type of coverage before buying a policy.
Your insurance company and/or agent is supposed to help you find the ideal balance between safety and price. Still the onus is on you, to know how buying or not buying certain policy coverage options will affect your safety and security on the road. So get started with a free instant Missouri auto insurance quote below. Just make sure you’re fully informed before purchasing anything:
Local Missouri Car Insurance Guides
Missouri Department of Insurance
Educational Guide To Automobile Insurance