It’s important to understand Missouri’s laws for car accident insurance and settlements. If you don’t, you could end up having serious financial problems if you’re ever a victim in an accident. Let’s talk about the laws in more detail.

Do You Have to Have Car Insurance if You Don’t Own a Car?

In the State of Missouri, once you get your driver’s license, you’re responsible for also getting insurance. Still, 13.5% of all drivers in the state are uninsured. You’re required to carry a minimum of:

– $25,000 for injuries per person

– $10,000 for any property damages

– $50,000 per accident to cover injuries

Understanding “No Pay, No Play”

If you’re uninsured, this law states that you are waiving your right to collect non-economic loss money in the event of an accident. The other insurance company would be held responsible for your medical bills, but that is all. Anything else – lost wages, damages, etc. – would be a loss for you. This law is in place as a way to encourage people to get car insurance, and it is a penalty for those who aren’t insured.

Of course, the most important thing you can do if you’re in an accident is talk to a St. Louis auto accident attorney. They’ll explain the law to you and how it applies to your current situation. If you’ve been in an accident, contact a St. Louis auto accident attorney right away.