Understanding the importance of auto insurance

If you drive a motor vehicle in the state of Missouri you are required by law to maintain at least liability insurance. If you are pulled over and it is determined that you do not have auto insurance you will receive a citation, be forced to pay a fine, receive 4 points against your driving record and you may face the possibility of license suspension. There are many companies in the area that provide Auto Insurance St Louis MO for motorist in St Louis MO, so to get the best price you will have to shop around for the cheapest rates.

Liability Insurance Coverage

Liability insurance coverage is the minimum coverage required in the state of Missouri if you drive a motor vehicle. The least amount of coverage you can have is $10,000 for vehicle damage, $25,000 for each person and $50,000 for each person in a collision. This means that in the event you are deemed the responsible party in a collision, your insurance will help cover the cost of each injured person’s medical bills up to $50,000, and any damage to the other vehicle up to $10,000. If you hit someone not in a vehicle such as a bicycler or pedestrian your insurance will cover up to $25,000 dollars for their medical bills. In Missouri every driver is also required to have uninsured insurance. If you are involved in an accident and damage someone’s vehicle and/or cause bodily injury to another person you are still responsible for the costs incurred, and may be taken to court. This can result in wage garnishment, lien or seizure of your personal property. If you find yourself in this situation you will see that paying monthly insurance payments is significantly cheaper than paying for someone’s medical bills and vehicular damage.

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Full Coverage Insurance

Full coverage Auto Insurance St Louis MO is just like liability insurance except in the event that you are in a collision and you are deemed the responsible party your insurance will cover the cost of damages to your vehicle as well. You can add comprehensive insurance to your full coverage policy. Comprehensive insurance provides additional coverage for situations such as theft, weather, vandalism and animal collision damage. Full coverage is usually required if you do not yet own the vehicle and are making payments. This protects the lender’s property (your vehicle) in the event it is damaged or totaled.

Protect Yourself

Do not wait until you are in an accident to find out what your policy covers. Pay attention to everything the insurance agent tells you and write down the important points of your policy. Make sure to read your policy thoroughly and ask your agent if you have any questions. Cheaper may not always mean less money. You may get stuck with high deductibles and more out of pocket cost in the event of an accident if you go with a lower monthly premium. You may be surprised what a few extra dollars a month may get you in coverage.

If you are shopping for auto insurance in St Louis MO contact Associated Insurance Brokers by calling 636-391-3500 or visiting their website aibinsurancemo.com . They offer free no obligation quotes and have been providing insurance to the area for over 30 years.

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