What do you look for when choosing an insurance company? Discounts and savings? Reviews? Or maybe anecdotal advice from a friend? Whatever the reason, you expect the insurance company to be there for you when you’ve been in an accident. However, that’s not always the case. Even the best insurance company still has a bottom line to protect. So, what insurance is going to get you the best protection for your money?
Let’s start with state minimums.
In Kansas the minimums are:
- Bodily injury liability coverage: $25,000 per person and $50,000 per accident
- Property damage liability coverage: $25,000
- Uninsured motorist bodily injury coverage: $25,000 per person and $50,000 per accident
- Basic personal injury protection coverage: $4,500 per person
You may see it described as 25/50/25. Referring to the bodily injury per person, per accident, and property damage liability. Personal injury protection or PIP is also required by Kansas law.
In Missouri the minimums are:
- Bodily Injury liability coverage: $25,000 per person and $50,000 per accident
- Property Damage Liability: $10,000
- Uninsured motorist coverage: $25,000 per person and $50,000 per accident
Therefore, Missouri’s minimum coverage is 25/50/10.
Insurance companies typically offer add-on options, although some may offer one or more as part of their standard policies. For some of these, limits and deductibles apply.
While it may cost more to have the extra coverage, it is worth it. As the old saying goes, you get what you pay for. It would be beneficial for any motorists to get extra coverages including medical, collision, and comprehensive because when you’re injured in an accident, the expenses to your vehicle can be the least of your worries; mounting medical expenses and loss of wages can have a serious financial impact.
If you can afford it, consider going with the following:
50/100/50: This plan is basically doubling the state minimums, and if you were to get into an accident, you’d be happy that you did. In our experience, the mounting financial expenses after an accident can hinder your everyday life. Every little bit can help.
100/300/100: In most cases, this one is the most appropriate if you want to ensure that you’re completely covered.
Almost all insurance companies are going to try and sell you on low prices and savings, but be sure to consider all options before selecting a company. Reviews, ratings, and testimonials can be a great help. Make sure they have good coverage options. When you get into an accident, you want to be covered, and the state minimums might not cut it; see what extra coverages the insurance company offers.
No matter what company you choose, if you’re injured in a car accident, get a personal injury attorney. The insurance company will try to close your claim as quickly. This is because they know if they close your claim quickly, they save themselves money, and on average you will get 2-5 times more with a personal injury attorney.
At The Pottenger Law Firm, we understand that your entire life can be altered in a single accident. With 25+ years of experience, we can get you the compensation to cover your medical bills, loss of wages, and other expenses. Call us at 816-531-6006, or send us a message to arrange a free consultation.
