Missouri Car Insurance | Missouri Automobile Insurance Information
Missouri auto insurance protects you against financial loss if you have an accident with your vehicle. It is a risk contract between you and the Missouri insurance company.
The terms are that you agree to pay the premium and the Missouri insurance company agrees to pay your losses as defined in your policy. These terms can vary considerably from policy to policy.
An auto insurance policy in Missouri can be comprised of six different kinds of coverage. At a minimum, Missouri auto insurance usually is comprised of property, liability and medical coverage. Missouri property coverage pays for damage to your car or in the event of the theft of your car.
Missouri liability insurance coverage pays for your legal responsibility to others for bodily injury or property damage arising from an accident. Missouri medical coverage pays for the cost of treating injuries, rehabilitation and sometimes
even lost wages and/or funeral expenses. If you're financing a car, your lender may also have
Missouri New Car Insurance
In Missouri, you are required by law to carry auto insurance if you want to drive that car on the road.
If you are financing the vehicle, most lenders in Missouri will require that you have full coverage. You should also make sure that you have sufficient liability coverage to protect your other assets from personal injury or property damage claims that may develop from a Missouri auto accident.
If you are leasing the vehicle, be sure to check your lease contract for any minimum coverage limits. Almost all leases in Missouri require that you carry a minimum of liability coverage or you will be in violation of the lease.
If you are thinking about buying a car, you'll need to start thinking about Missouri auto insurance coverage. Auto insurance can protect you against risks such as accidents, theft and vandalism.
Missouri state laws (and/or your lender) require you to purchase at least a minimum amount of insurance coverage. You may find it very prudent to purchase more than the minimum Missouri auto insurance required.
A Brief Video On The Types Of Missouri Auto Insurance