Auto insurance protects you and your assets—your car and your savings—in case of an accident. Here's what you should know about purchasing adequate insurance coverage for your vehicle.

What Mistakes Do People Often Make When Purchasing Auto Insurance?

1. Not Knowing What Is Mandatory

In Missouri, all drivers must have property damage coverage, which pays for repairs to another person’s vehicle when you’re at fault, and coverage for bodily injury, which pays for injuries incurred by other drivers. Property damage coverage must allow for a minimum of $10,000 per accident, and you must have $25,000 to $50,000 per person per accident in bodily injury coverage.

2. Only Buying the Minimum Insurance

Purchase more than state-mandated minimums for added protection. For instance, a multivehicle collision could easily result in more than $50,000 in damages. If your coverage falls short, you’ll be obligated to make up the difference out of pocket.

3. Choosing the Wrong Deductible

A deductible is the amount you pay before insurance coverage kicks in. The higher your deductible, the lower your monthly payments. However, if you’re involved in an accident and don’t have the resources to pay the deductible, you won’t be able to access your insurance coverage. Set a deductible that accommodates your financial situation.

4. Not Asking About Discounts

Insurers provide discounts for good driving records and for being long-term customers. You may also be eligible for a discount if purchasing more than one policy from the same insurer. Ask about savings when considering policy purchases to ensure you’re getting the most value for your money.

If you’re looking for auto insurance in Mountain Grove, MO, the Farmers Insurance Group will help. We’ll review your coverage needs while also ensuring that your policy is affordable and in-line with your budget. We’ll also assist you in obtaining other kinds of insurance, including life, health, and business insurance. Contact our office today by calling (417) 926-7900, or visit us online to read customer reviews.