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Toyota drivers will be happy to know that after millions of vehicles have been recalled by the company, they're auto insurance rates should not be affected. Just a few weeks ago, owners of various Toyota models were recalled for accelerator issues. After the panic of the issue itself, many drivers were scared that their auto insurance rates would rise or they would not be covered if in a car accident with a faulty vehicle.

About the Toyota Recall

In January 2010, auto manufacturer Toyota Motor Sales announced that it would need to recall millions of vehicles due to proof that some have problems with the accelerator sticking or the brakes failing. In the following weeks, the number of vehicles jumped from an estimated 2 million to 8.5 million.

The vehicles recalled include:

• 2005-2010 Avalon
• 2010 Prius
• 2007-2010 Camry
• 2009-2010 RAV4
• 2009-2010 Corolla
• 2008-2010 Sequoia
• 2008-2010 Highlander
• 2005-2010 Tacoma
• 2009-2010 Matrix
• 2007-2010 Tundra
• 2004-2009 Prius
• 2009-2010 VENZA

Because so many vehicles were recalled, owners immediately became concerned about their auto insurance rates. However, word on the street is that the Toyota recall won't have a negative effect on insurance.

What Insurers Are Saying

According to a recent report from ABC News, State Farm and Allstate Corp. both say that individuals with vehicles affected by the Toyota recall will be covered if they're in a car accident. More specifically, if insurance investigators determine that a faulty accelerator or brake caused the accident, the insurer will pay the claim and look for reimbursement from Toyota.

And while initially the customer will be responsible for the deductible, insurers say that if Toyota reimburses them, they will most likely return part or all of the deductible to the customer.

As for rates, insurers say a recall is usually not enough to cause auto insurance rates to increase. They note, however, that a contributing factor in rising rates would be if there was a significant increase in accidents due to the faulty parts.

While the good news is that the Toyota recall shouldn't affect your coverage, there are other factors that can raise your rates. So be sure to visit Go Insurance Rates to ensure you're not paying too much for auto insurance coverage.

Out-of-state drivers traveling through the state of Missouri may soon be required to meet requirements for liability insurance. A new bill, introduced bystate Sen. Gary Nodler (R-Joplin) and state Rep. Tom Flanigan(R-Carthage), would hold out-of-state drivers responsible for meeting their state's auto insurance coverage liability laws.

About Current Missouri Law and the Bill

Currently, law requires that only Missouri drivers are to maintain liability insurance. However, drivers who are registered outside of the state are not included in this law.

If Senate Bill 902 and House Bill 1996 are passed, non-residents would be required to adhere to the financial responsibility laws of their state ofresidence. This would allow Missouri law enforcement to hold out-of-state drivers responsible for not having auto insurance coverage.

If drivers break the law when traveling through the state, they will be guilty of a class misdemeanor, which results in loss of driving privileges in Missouri. In addition, the state in which the driver resides would be notified of the offense.

Why Change the Law?

Nodler recently noted that the reason he is proposing the new law has everything to do with a recent incident that involved a Missouri woman being hit by an Oklahoma driver. While the Missouri driver had the correct liability coverage for the state, the Oklahoma driver did not.

Without having collision coverage, the Missouri driver was not able to recoup for the damages and the Oklahoma driver could not be held responsible. This will definitely have an effect on auto insurance rates.

If you're not currently insured in your state, don't let Missouri's proposed law be the reason to purchase auto insurance. Whether a law is in force or not, it is important to maintain liability insurance for yours and others safety on the road.

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