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What is the state requirement for auto insurance in Missouri?
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You can prove your financial responsibility in one of several ways in Missouri, including by taking out a car insurance policy.
If you opt for that route, here's the minimum amount of coverage required.
Purchasing extra protection does cost more, but you can contain the costs by having higher deductibles. This may mean more out-of-pocket initial expenses, but your higher coverage limits will shield you from much more costly expenses. And, by comparison shopping multiple car insurance carriers to find the best rates and coverages, you can also keep the cost of additional protection in check.
If you opt for that route, here's the minimum amount of coverage required.
MO Auto Insurance Limits
- Bodily injury liability insurance: $25,000 per person; $50,000 per accident.
- Property damage liability: $10,000.
- Uninsured motorist bodily injury: $25,000 per person; $50,000 per accident.
Is Liability Insurance Enough?
It's enough to comply with state laws. But, even though it may sound like a lot of money, most financial gurus recommend having more coverage than this – both in terms of the dollar amounts or limits as well as the types of insurance. That's because if you cause a serious accident – especially one involving bodily injuries – you could easily exceed these minimum limits and be facing a financial disaster.Purchasing extra protection does cost more, but you can contain the costs by having higher deductibles. This may mean more out-of-pocket initial expenses, but your higher coverage limits will shield you from much more costly expenses. And, by comparison shopping multiple car insurance carriers to find the best rates and coverages, you can also keep the cost of additional protection in check.
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