Missouri Auto Insurance Savings Tips.
In Missouri, auto insurance is required by law under financial responsibility requirements. There are certain mandatory coverage requirements and ways to lower your car insurance costs. Here are some things to keep in mind to help save some money.
The mandatory liability requirements for Missouri auto insurance are:
$25,000 per person bodily injury liability
$50,000 per accident bodily injury liability
$10,000 per accident property damage liability
$25,000 per person uninsured motorist coverage
$50,000 per accident uninsured motorist coverage
These are just the minimums required by state law. Most industry experts recommend getting more than the minimum coverage limits to give yourself higher financial protection.
Whether you live in St. Louis, Kansas City, Springfield or elsewhere in the state, one thing to remember is that auto insurance rates vary from company to company. One of the easiest ways to save is to do some comparison shopping. The Insurance Information Institute recommends that you get at least three quotes from different insurers to get a good comparison. This could save you hundreds of dollars annually.
The Web site for Missouri's Department of Insurance, Financial Institutions and Professional Registration offers a list of auto insurers available by county. This can give you some names of companies to contact for a quote.
Or, you may want to use an insurance comparison Web site. These sites don't represent a single insurer. Instead, you can complete one online quote request form and get several quotes back from different companies or agents that do business in your area.
Whichever way you choose, once you find a quote you like you can also check the department's Web site for any complaints that the company may have had against it.
You may also want to increase your deductibles as another way to lower your premium. The deductible is the amount you have to pay before your insurance company starts paying. Your premium will be higher with a $100 deductible as opposed to a $500 deductible.
Discounts are another good way to lower your auto insurance costs. Discounts are typically available for insuring both your home and auto with the same company, having anti-lock brakes, having anti-theft devices, driving fewer miles and more. Be sure to ask your insurance company if you are getting all of the discounts that you are eligible for.
The mandatory liability requirements for Missouri auto insurance are:
$25,000 per person bodily injury liability
$50,000 per accident bodily injury liability
$10,000 per accident property damage liability
$25,000 per person uninsured motorist coverage
$50,000 per accident uninsured motorist coverage
These are just the minimums required by state law. Most industry experts recommend getting more than the minimum coverage limits to give yourself higher financial protection.
Whether you live in St. Louis, Kansas City, Springfield or elsewhere in the state, one thing to remember is that auto insurance rates vary from company to company. One of the easiest ways to save is to do some comparison shopping. The Insurance Information Institute recommends that you get at least three quotes from different insurers to get a good comparison. This could save you hundreds of dollars annually.
The Web site for Missouri's Department of Insurance, Financial Institutions and Professional Registration offers a list of auto insurers available by county. This can give you some names of companies to contact for a quote.
Or, you may want to use an insurance comparison Web site. These sites don't represent a single insurer. Instead, you can complete one online quote request form and get several quotes back from different companies or agents that do business in your area.
Whichever way you choose, once you find a quote you like you can also check the department's Web site for any complaints that the company may have had against it.
You may also want to increase your deductibles as another way to lower your premium. The deductible is the amount you have to pay before your insurance company starts paying. Your premium will be higher with a $100 deductible as opposed to a $500 deductible.
Discounts are another good way to lower your auto insurance costs. Discounts are typically available for insuring both your home and auto with the same company, having anti-lock brakes, having anti-theft devices, driving fewer miles and more. Be sure to ask your insurance company if you are getting all of the discounts that you are eligible for.
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