By shopping around, you could save a great deal of money on liability-only auto insurance. It is important to note that each provider may place a different emphasis on the risk factors in determining your quote. If you own an older vehicle that's not worth much, you might want to consider liability-only coverage.
Liability Insurance At Low Cost
WalletHub analyzed 17 quotes from major auto insurers in order to determine the cheapest companies offering liability-only insurance. Each company's price is based on a baseline driver profile that includes a person's age, gender, and location.
Geico Progressive State Farm are some of the companies that offer the lowest liability insurance rates. These companies not only offer cheap insurance rates but also discounts like the student discount and multicar discounts.
You should consider your credit rating when comparing insurance companies. Fixing any mistakes on your record may lower your rate.
A ticket or accident in the near-future is another thing to think about. If you've had an accident that was your fault, your insurance costs will go up. It is therefore best to buy coverage before your driving record becomes tarnished.
The best rule is to pick a policy with lower liability limits than the state's minimum. This way, you can avoid paying high premiums should an accident occur. These limits are usually written in a three-digit format, like 25/50/25. This means that you can only afford to pay a maximum of $25 for bodily injury coverage per person, and $50 maximum for property damage.
The cheapest liability-only car insurance is typically less than half of the national average. The reason for this is that it's more affordable to purchase liability coverage than to pay for your own expenses such as medical costs and car repairs.
A liability-only policy is less expensive than a complete policy. This is because a teen has a lower risk of getting in an accident than an older driver, so insurers are willing to offer less costly policies for them.
Young drivers can usually save money on liability-only car insurance by buying a policy through a parent or grandparent. Addition of a teenager is also cheaper than purchasing a brand new policy.
If you live in a crime-prone area, you may want to consider a liability policy that is affordable. This will protect you against vandalism and theft. This is a common cause of vehicle damage. Policies that only cover liability are designed to protect you against these risks.
It is often cheaper to buy liability-only insurance than a complete policy. However, it can be hard to find the policy that's right for you. Multiple quotes can help you get the best deal.