Cheap Insurance Missouri: Everything You Need to Know

If you’re looking for cheap insurance in Missouri, you’re not alone. Everyone wants to save money, but you also want to make sure you have the coverage you need in case of an accident or emergency. With so many insurance companies and policy options available, it can be overwhelming to figure out what’s right for you. That’s where we come in. In this article, we’ll break down everything you need to know about getting cheap insurance in Missouri.

What Types of Insurance Are Required in Missouri?

Before we dive into how to get cheap insurance, let’s first discuss what types of insurance are required in Missouri. The state of Missouri requires drivers to have the following:

It’s important to note that these are just the minimum requirements. You may want to consider getting additional coverage for extra protection.

Bodily Injury Liability

Bodily injury liability insurance covers the costs associated with injuries that you or another driver cause to someone else in an accident. This type of coverage is required in Missouri, and it’s a good idea to have more than the minimum required coverage, especially if you have assets that could be at risk in the event of a lawsuit. Keep in mind that if you cause an accident and your insurance doesn’t cover all of the damages, you could be held personally responsible for the remainder.

Property Damage Liability

Property damage liability insurance covers the costs associated with damage that you or another driver cause to someone else’s property in an accident. This type of coverage is also required in Missouri, and again, it’s a good idea to have more than the minimum required coverage.

Uninsured and Underinsured Motorist Bodily Injury

Uninsured and underinsured motorist bodily injury coverage is not required in Missouri, but it’s highly recommended. This type of coverage will protect you if you’re in an accident caused by a driver who doesn’t have insurance or doesn’t have enough insurance to cover the damages.

How to Get Cheap Insurance in Missouri

Shop Around

The first step to getting cheap insurance in Missouri is to shop around. Get quotes from multiple insurance companies to see who offers the best rates for the coverage you need. Keep in mind that the cheapest option may not always be the best option, so make sure you’re comparing apples to apples when it comes to coverage.

Bundle Your Policies

Another way to save money on insurance is to bundle your policies. If you have multiple vehicles or need other types of insurance, like homeowners or renters insurance, consider getting them all from the same company. Most insurance companies offer discounts for bundling.

Improve Your Credit

Your credit score can also affect your insurance rates. Insurance companies use credit scores to determine how likely you are to file a claim. If you have a good credit score, you may be able to get cheaper rates. If your credit score needs improvement, work on paying down debt and making your payments on time.

Take Advantage of Discounts

Insurance companies also offer various discounts that can help you save money. Some common discounts include:

• Safe driver discounts
• Good student discounts
• Low mileage discounts
• Multi-car discounts

Be sure to ask your insurance company about any discounts you may be eligible for.

FAQ

What if I Can’t Afford Insurance?

If you can’t afford insurance, you may be eligible for the Missouri Automobile Insurance Plan (MAIP). This is a program that helps high-risk drivers get insurance. Keep in mind that MAIP policies are more expensive than regular insurance policies, so it’s not a long-term solution. You should work on improving your driving record and credit score to eventually qualify for cheaper insurance.

How Often Should I Shop Around for Insurance?

You should shop around for insurance at least once a year. Insurance rates can change, and you may be able to find a better deal with a different company. Plus, if you have any major life changes, like getting married or buying a house, you may need to update your insurance coverage.

What Happens if I Get in an Accident and Don’t Have Insurance?

If you get in an accident and don’t have insurance, you could face legal and financial consequences. In Missouri, driving without insurance is illegal and can result in fines and other penalties. Plus, if you’re at fault for the accident, you could be held personally responsible for paying for the damages. It’s always better to have insurance and not need it than to need it and not have it.

Final Thoughts

Getting cheap insurance in Missouri doesn’t have to be difficult. By shopping around, bundling your policies, improving your credit, and taking advantage of discounts, you can save money on the coverage you need. Just remember to always make sure you have enough coverage to protect yourself and your assets in case of an accident or emergency.