SR-22 Auto Insurance Missouri MO
Reader’s Question:
I have an SR-22. If I drive a friend’s car that has no auto insurance coverage and someone hits the car while I’m driving here in Missouri, will my SR-22 cover the accident?
Anthony
St. Louis, MO
Anthony, if you have SR-22, you may want to make sure that the car you’re driving has auto insurance coverage. Driving an uninsured car can still get you in trouble. Besides, it is illegal in Missouri, or anywhere else, for that matter, to drive around without auto insurance coverage. But if you get hit by a car while driving a car with no auto insurance coverage, the other guy’s insurance would have to cover the damage. Since the other driver is at fault, his or her insurance should kick in.
But if the accident was your fault and the car you were driving does not have auto insurance coverage, your SR-22 insurance will kick in. Ideally, your SR-22 would be secondary to the insurance of the car. If the damage is worth more than the amount stated in the insurance of the car you were driving, your auto insurance would then pay the remaining the amount or liability.
An SR-22 is basically a certificate saying that you have liability insurance. Liability insurance will not cover the damages to the car you are driving. Your SR-22 will cover the damages to the other party. If your car had liability insurance, that would come in first. After that, if the amount to be paid is bigger than the limit of the car’s auto insurance, your liability insurance will fill in the remaining balance.
Tags: auto insurance coverage, driving without insurance, liability insurance, sr22 car insurance
Auto Insurance for Females Missouri MO
Reader’s Question:
Hi , I’m a 20-year-old female studying at a university in Missouri. This would sound like a stupid statement, but despite my gender I would like to be charged the same rate as guys. Would it be possible to find an auto insurance company in Houston that would cater to such a deal? I find this gender-bias offensive.
Rica
St. Louis, MO
By all means, Rica. I’m sure you can find an insurance company in Missouri that would share your beliefs. Being a male, I find this tenet offensive, too. Imagine, charging females lower premiums!
In all honesty (leaving our abhorrence of a male-dominated society out the front door), insurance companies do not have a secret agenda. Their agenda is quite open. They want to make money. And they could do this by predicting what will happen through statistics. Using available data, they find that males between 18 to 25 are more prone to accident than females the same age. This means they would pay out less if they charge higher premiums for this male. What statistics are saying is that females are better and safer drivers than men, so giving them lower premiums would make sense business-wise.
But after this age range, data shows both sexes have the same rates of accidents. So, more or less the auto insurance package would be the same. Biologically, females have higher pain threshold than men, and generally they have a longer life span. So, who says that females are the weaker sex?
Seriously, in my years in the auto insurance business, I have not encountered this proposition. But rules are rules, so even if you are female between 18 to 25, you will be charged lower rates than a guy the same age. Bending rules would allow men to complain about sexism in the auto insurance business. Being charged lower rates is more a compliment to female drivers more than an insult.
Tags: auto insurance premium, Female Car Insurance, women car insurance