There are many factors that go into choosing where to live, from cost of living to school systems to the economy in a certain area. If you find that you're drawn to Independence, Missouri, you are no doubt taken with the relaxed and friendly lifestyle that comes with the Midwest.
Residents of the Show Me state are lucky to pay lower than average costs on their insurance premiums. Part of keeping your costs low is knowing the basics of insurance and what you do or don't need for your area.
Independence Insurance for Cars
The average annual cost for auto insurance in Missouri was $804 in 2008, far less than Washington DC's average of $1300 and less than the country's average of $949. When shopping for your Independence insurance quotes, make sure your coverage includes the state requirements:
- Bodily Liability. Minimums in the state are $25,000 per person for bodily injury and $50,000 per accident. This covers the medical expenses for those injured in an accident you may have caused. Liability insurance may also cover your litigation costs in the event you are sued for pain and suffering or additional medical costs.
- Property Liability. You'll need at least $10,000 to cover property damage costs you may incur while driving. This includes damage to landscaping, fences, cars, and so forth.
- Uninsured motorist. You must also purchase uninsured motorist coverage for 25,000 per person for bodily injury and $50,000 per accident. This will cover costs should you get involved in an accident caused by someone without insurance.
Of course, these are just the minimums you will need to legally operate your vehicle. These costs do not include comprehensive coverage or collision coverage, which will repair your vehicle in the event of a crash.
Homeowner Insurance in Independence
Determining which type of policy you will insure your home with can be tricky, so you'll need to do your research. A quick rundown of the policies offered in Missouri will help you as you get Independence insurance quotes:
- HO-2. This basic policy covers your structure from damage from the most common perils, including fire, lightning, wind or hail, and theft.
- HO-3. The most common single-family policy, this protects your home from 16 types of perils. However this excludes flood, earthquake, war, and other exclusions included in your policy.
- HO-4. This renters' coverage insures not only a renter's home contents, loss of use, liability, and medical payments as a result of injury from the most common perils.
- HO-6. This policy for condo owners covers condos against the most common perils as well as personal liability (in the event someone is injured in your home and sues you), and medical payments.
- HO-8. This is a cash value property designed for older homes that may have a lower market value than replacement cost. It covers the structure and contents.
Finding Independence Insurance Quotes
Once you have a good grasp of what is required in Missouri, you can start shopping around for quotes. This is the best way to ensure you are getting the best deal. A comprehensive website like NetQuote.com can point you in the right direction. You can research Missouri insurance laws, discounts, and then get Independence insurance quotes for free.