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Like other states, Missouri also requires all owners and drivers of automobiles to carry the minimum of liability auto insurance at limits as determined by the state. This coverage is required to cover the bodily injury and damages caused to others by the insured in the case that they are involved in a traffic accident where they are found to be at fault. The main reasons for these laws (also known as financial responsibility law) is to help ensure that there is compensation for those who are victims of collisions.
Although not all states make it mandatory, Missouri does require Uninsured Motorist coverage (UM), which covers one's bodily injuries and that of passengers if hit by motorists who are not insured, underinsured or are a victim of a hit-and-run driver who is responsible for the accident. However, it does not cover the policyholder's property that may have been damaged.
The minimum limits which must be in effect at all times are as follows:
Liability Coverage
$ 25,000 Bodily Injury per Person
$ 30,000 Bodily Injury per Accident
$ 10,000 Property Damage per Accident
Uninsured Motorist Coverage
$ 25,000 Bodily Injury per Person
$ 30,000 Bodily Injury per Accident
Although these are the absolute minimums, it is always suggested that individuals consider obtaining more extensive protection to compensate for damages that may exceed their policy limits. If the total limit of policies is exhausted, the insured will most likely be liable for the difference if they are found to be at fault.
On the other hand, providers decide rates of their premiums, which results in different prices from pretty much any insurer that one receives a rate from. Therefore, there is always ample opportunity to negotiate price with them in order to bring down rates. There are a few things that a consumer can do to find lower rates and also to keep their premiums reasonable.
Drive safely: One's driving record is probably the most important factor as far as rates are concerned. The more violation, tickets, accidents, etc., the more likely a premium will increase.
Shop around: Since quotes varies from company to company, by obtaining as many prices from as many different providers as possible will help to find the cheapest coverage and also to eliminate unreasonable rates
Choose a deductible accordingly: The cost of automobile coverage decreases with the increase of deductible amount. This is at total discretion of the policyholder but if one does not want to have high monthly payments then choosing a zero deductible would not be the route to take.
Multiple Discounts: Companies offer various types of discounts; take advantages of any that may apply.
For more information, individuals can refer to the "Missouri Educational Guide To Automobile Insurance" for more assistance in becoming properly insured and abiding by the laws of the state.
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Source: http://ezinearticles.com/?Missouri-Auto-Insurance—Required-Coverage&id=2289339
