When you buy a car, you probably know that you must be insured before you can drive it. When you hear about auto insurance requirements, the type of insurance we are referring to is liability insurance. While you can and should consider other types of car insurance, auto insurance liability coverage is a requirement to drive in Missouri and many other states.
Liability refers to what you are responsible for as the operator of your vehicle. Thus, auto liability insurance covers damage to other people or property that occurs as a consequence of your driving, typically a collision with another vehicle, person, or object. If you are found to be at fault in an accident and responsible for said damage, your liability insurance covers the costs.
How much of these damages your insurance policy covers will depend on your specific policy, but you must meet mandatory state minimums, which are usually expressed as three numbers. For example, a 50/100/50 policy means the policy covers $50,000 worth of medical expenses per person injured, up to a total of $100,000 per accident, and $50,000 worth of property damage.
How much auto liability insurance you should get is not a reflection of how likely you think you are to get into an accident. It is an expression of how much in assets you need to protect. The more you are worth, the more auto insurance liability coverage you should consider getting.
Remember that medical expenses can get very high very quickly, and you are personally responsible for paying anything your insurance does not cover. If you have a $500,000 home, for example, you want any car accident damages coming out of your insurance policy and not your equity.
Even if you are a very safe driver, having a policy that covers your assets will do wonders for your peace of mind.
It’s only natural to be concerned about the cost of auto insurance, especially if you are going to need a large policy to protect your assets. That’s why, throughout the state of Missouri, especially places like Union, St. Clair, Washington, Robertsville, New Haven, and the surrounding areas, you should always contact David Pope Insurance Services, LLC first. Our mission is to always get the lowest rate on the market possible for you by drawing on our large network of providers, years of experience and flexible options.
You can’t drive without auto insurance, so if you need a policy fast so you can get on the road right away, David Pope Insurance Services, LLC is the perfect option. We will put your quote together and get back to you the same day so you can get the right policy for your needs as soon as possible.
Don’t wait — we are ready to serve your auto insurance needs right now. Contact us online to request a quote immediately.