Missouri Auto Insurance Money-Saving Tips, Rate Statistics, Minimums

Missouri auto insurance rates have increased steadily over the past year. Costs have increased an average of 24% in the past 12 months. Because of this, it is even more important to be diligent in looking for ways to find a lower premium and save money on auto insurance. Since everyone wants to save money on car insurance while still having quality coverage that meets the requirements of the law, here are some tips to help you save money on your policy.

Tip #1 - Combine Policies

One of the easiest ways to save money on auto insurance is to combine all of your insurance needs and go with one company. Working with one company will allow you to make one monthly payment, use one website, and call one number if you have any questions. Companies look favorably on providing all insurance needs for individuals and give discounts for this.

In order to do this, you need to consider all of your insurance needs. Policies such as homeowner's insurance, life insurance, business insurance, and accident protection insurance are all policies to consider. Once you know what types of polices you need, choose a company that offers those particular policies. You can literally save hundreds of dollars on your Missouri auto insurance and other policies when you do this.

Tip # 2 - Beware of Insurance Fraud

Insurance fraud is increasing rapidly in the United States. One survey shows that 26% of claims filed are fraudulent. On the other side, the same study showed that up to 10% of insurance companies are fraudulent. These companies look like and operate like real insurance companies, but they basically take your money and run or avoid paying claims once an accident occurs.

One thing to watch out for is telephone numbers. If the telephone number used to apply for your insurance and the phone number used to later file claims is different, this may be sign of a fraud. The so called company will not respond to the second number when a claim needs to be filed. Also, if a company will only take credit cards as payment, this could be a sign of fraud. Check cashing and debit card purchases can be traced back to a company more easily.

The best way to avoid fraud is to go with a company that is licensed to Missouri auto insurance policies in the state. You can go to the Missouri Department of Insurance to see if a company you are considering is registered and licensed with the state. If so, you will be able to file a complaint with the state should your policy agreements not be fulfilled.

Finding affordable Missouri auto insurance coverage is possible, even though prices are rising. By combining all your insurance needs into one company and being on the look out for fraud, you can find coverage without going broke.

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Combining all of your necessary insurance types with one company will save you considerable money on your policy for Missouri auto insurance.

It is estimated that as many as 26% of all insurance claims are fraudulent in the United States - and this affects what you pay for Missouri auto insurance.

Check additional valuable information of your State Insurance department organization.
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