Online Vehicle Insurance Compliance In Missouri
Online Vehicle Insurance Compliance In Missouri: Like almost any state, the requirements in the Show Me State mandate that all drivers and vehicle owners need to be financially responsible for any traffic accident that they may cause. Financial responsibility must be provided in order to register a vehicle in MO and also to renew license plates. Not only do motorists need to keep coverage active at all times, but proof of vehicle insurance needs to be kept available at all times. This proof of financial responsibility will be needed if stopped by a law enforcement officer during a routine traffic stop or if involved in an accident; failure to carry such documentation can result in a fine.
Although other means of proving financial responsibility are available, most choose to purchase a Missouri car insurance policy. Doing so means that the motorist must buy a policy consisting of at least liability limits of no less than $25,000 for bodily injury to one person, $50,000 for bodily injury per accident and $10,000 for property damage. In addition, a vehicle owner must also purchase uninsured motorist coverage in the amount of $25,000 for bodily injury to one person and $50,000 per accident. The reason that most Missourians decide to buy vehicle policies is because the alternative would be to deposit a large sum with the Department of Revenue in the amount of $60,000 or acquire a real estate bond and deposit it with the department.