Why search through endless Google results to understand car insurance in Indiana. We have everything you need to know about Missouri car insurance laws, insurance rate, discounts, and more.
Car Insurance Requirements in Missouri
If you have car insurance, give yourself a pat on the back. That’s step one in making sure you comply with Missouri state laws. The other? Having the right minimums on your insurance policy. Make sure your coverage includes the following minimums:
- $25,000 for bodily injury per person and uninsured motorist coverage for the same amount
- $50,000 for total bodily injury, when multiple people are injured
- $10,000 for total property damage
You don’t have to have traditional car insurance in Missouri—per se. We think you should because the alternative is much more complicated and pricy. If you forgo traditional insurance, you’ll need:
- Proof of financial responsibility for damages you may cause in an accident, such as surety bonds, real estate bonds, cash deposit, or deposit of negotiable securities, like bonds, stocks, etc.
- Certificate of self-insurance. This option only applies to businesses and religious organizations.
Additional Insurance Coverage To Consider
If you decide to get more coverage than the minimums that the state requires, you’ll be protected from potentially paying out-of-pocket if you get in an accident. Types of additional coverage include:
- Collision coverage– Hit your car into something and caused damage? This coverage protects against that.
- Comprehensive– If something else damages your car—like weather, a vandal, or a tree branch—you’ll be covered by this insurance.
- Medical payments- We hope you never find yourself in an accident that causes injury to yourself or others. If you do, this type of coverage can help pay for medical bills and funeral expenses.
- Rental Car Coverage- Make sure you have something to drive around in if your car is in the shop after an accident—that you don’t have to pay for.
How Much Missouri Drivers Pay For Car Insurance
The average price of car insurance in Missouri can be a good indication of what you may pay with different insurance companies. According to our research, the most affordable providers are Allied, Allstate, and American Family. Take a look.
|Average Annual Rates|
Your car insurance rate will be unique to you based on factors such as age, gender, marital status, driving history, and more. Learn more about the cheapest insurance companies for drivers like you in Missouri.
The Missouri Automobile Insurance Plan
Do you have a less-than-desirable driving record? Thanks to the Missouri Automobile Insurance Plan, you can still get auto insurance even if you have been turned down by some companies. All insurance companies that write policies in Missouri must participate in the MNAIP, which assigns insurance companies to high risk drivers based on the company’s market share. For example, State Farm has 24% of the market share in Missouri. Thus, it is required to insure 24% of the high-risk drivers in the state. Look at as many options as possible before this alternative plan as it does typically cost more.
Proof of Insurance and Why It Matters
Driving while uninsured or without collateral is illegal in Missouri—plain and simple. If you can’t prove you have insurance or the ability to pay for minimums on your own, you may face the following fines and penalties:
- You’ll get four points on your driving record and if you get eight in 18 months, you’ll have your license suspended.
- The Driver License Bureau will monitor you to ensure you have minimum coverage.
- Your license can be suspended.
Did You Know?
Multiple tickets, accidents, and reckless driving habits can make your premiums go up, but so can driving a car that’s commonly stolen. If you drive one of these in Missouri, know it could cost you in more ways than one*:
- Chevrolet Pickup (full size)
- Ford Pickup (full size)
- Dodge Caravan
- Dodge Pickup (full size)
- Jeep Cherokee/Grand Cherokee
- Chevrolet Impala
- Honda Accord
- Pontiac Grand Prix
- Ford Taurus
- GMC Pickup
*According to www.nicb.org
Expert Advice From Skilled Agents
With years of experience navigating Missouri insurance policies, licensed agents have all the answers and suggestions you need to find the best policy to meet your needs. Call to get a free quote today. 855-462-2213 .
Additional Resources for Missouri Drivers: