How Much Auto Insurance is Enough
Auto insurance blends several types of coverage into one policy. Typically, your policy will include some combination of comprehensive, collision, medical, liability, and uninsured motorist coverage.
St. Louis Auto Insurance Needs
Every person is unique. To determine your car insurance needs, consider:
- Liability pays for the damage you cause to others if your car is involved in an accident. It also protects you from being wiped out financially if you are sued following an accident. The greater your assets, the more you stand to lose. If you have substantial financial resources, you may need liability coverage that exceeds the coverage that you'll get from an auto insurance policy. In that case, a personal umbrella policycan provide the extra liability protection you need.
- Collisioncovers damage to your car from an accident. CW Rea can help you decide whether or not to carry collision coverage by balancing the cost of collision insurance with the value of your car. It might not be worth paying $200 a year for collision insurance on a car that's worth only $1,000. But if the car is worth $10,000, you probably want this coverage.
- Comprehensivecoverage pays for your car if it is stolen, vandalized or damaged in some way other than in a collision.
- Medical coverage provides for medical expenses to you and your passengers that are the result of an accident. The way you use your car may make a difference in the amount of medical coverage you need. For example, we might suggest more coverage for a parent who regularly takes a carload of kids to soccer practice than for a driver who expects to drive mostly alone.
Keep in mind that Missouri requires certain minimum levels of coverage: $25,000 per person and $50,000 per accident. That's the minimum. If you're in an accident and end up being responsible for a $33,000 medical bill, then you'll be obligated to pay $8,000 if you stick with minimum limits.
The right Missouri car insurance coverage for you is unique - talk to us today to find out how to get the best price and value on St. Louis auto insurance for you.