Missouri is in the top twenty populated states in The United States. This state is located in the middle of the country and is considered to be a crossroads to the west. The two largest cities in the state are St. Louis and Kansas City. When regarding automobile insurance, Missouri is considered to be a tort state. This means that every driver must show proof of financial responsibility in the event of an automobile accident.

Missouri residents have one of two ways in which they can show proof of financial responsibilities for their automobiles. The first way is by posting a bond or certificate of deposit for a minimum amount of $120,000. The second way is by obtaining an automobile insurance policy that meets the state’s minimum requirements. Most residents of Missouri choose to purchase the automobile insurance policies.

The state’s minimum insurance policy requirements mandate that the driver of the vehicle have bodily injury and property damage liability insurance. The minimum requirements for bodily injury are $25,000 for one individual or $50,000 for all injured parties. The property damage liability part of the policy must cover a minimum of $10,000. Residents are not required to cover comprehensive or collision insurance, however many residents choose to do so. Residents can also have medical payments added to their insurance policies as well.

The state of Missouri has stiff penalties for being caught driving without insurance. People who are caught with proper insurance often loose their driving privileges for a one year period. When they are able to have their privileges reinstated they often have to pay a reinstatement fee, along with providing proof of insurance. Most people who have lost their privileges, in the state, are then required to obtain a SR22 form from their insurance company. The SR22 form is then required for a period of three years.

There are other reasons Missouri drivers should maintain insurance, aside from the stiff penalties. St. Louis and Kansas City, both, have high rates of automobile thefts. This is particularly true for sports cars and other higher end vehicles. Maintaining the proper amount of insurance helps keep drivers legal and their investments protected in the event of a theft or break-in.