State Minimum Auto Coverage or More?

State-required minimums for coverage are just that – minimums. Quite often the required minimum coverage may not be enough to pay for all the damages that result from an accident. 

It is hard to watch television or listen to the radio without hearing an advertisement for some company touting that getting state minimum auto coverage will "save" you money. When looking to cut costs this may entice a buyer to make the change to a bare bones minimum plan. What these companies do not advertise is the potential financial risks involved with making such a choice. 

In the state of Missouri the minimum limits are as follows:

• $25,000 per injured person for bodily injury.
• $50,000 per accident for bodily injury.
• $10,000 for property damage

*Each state has different minimums so check with a local agent or contact your states department of insurance to find out the specifics for your state.

Things to consider when thinking about state minimum auto insurance coverage:

If you're involved in a wreck that injures another party or damages their vehicle you could be on the hook to pay for any damages that would exceed your minimum amount of coverage. Moderate to severe auto accidents can easily exceed the 25/50/10 minimum amount of coverage leaving the insured with the potential for devastating financial losses. 

Get the auto insurance coverage you really want by talking to us today.