Shopping around can help you save a lot on liability only auto insurance. You should also know that different companies may weigh different factors, such as risk, when determining a quote. If, for example, your car is old and not worth a lot, liability only insurance might be the wrong choice.
Liability Insurance at Low Cost
WalletHub has analyzed quotes from 17 major auto insurers to find the cheapest companies for liability-only car insurance. Each company bases its price on a base driver profile which includes age, gender and location.
Geico Progressive State Farm tend to offer the most affordable liability insurance policies. 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. By removing any blemishes from your record, you could lower your car insurance rates.
It's also important to know if you expect to have an accident or receive a traffic ticket in the foreseeable future. Your insurance rates will rise if you have an accident where you are at fault. So, it is better to purchase your policy while your driving history is still clean.
It is a good idea to select a policy that has liability limits lower than the minimum required by your state. This will prevent you from paying high premiums in case of an accident. These limits may be written with three numbers. An example is 25/50/25. The maximum amount for bodily damage liability you can afford is 25, and your maximum limit on property damage coverage is 50.
Liability insurance alone is often cheaper than 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.
It's also less expensive to buy liability-only car insurance for a teenage driver than it is to purchase a full policy for them. 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.
When purchasing liability-only insurance, young drivers will save money if they purchase the policy through their parents or grandparents. A teenager can be added to an existing insurance policy at a lower cost than purchasing a new one.
You should also consider a low cost liability insurance to protect yourself from vandalism and theft if you are living in a high-crime area. This is a common cause of vehicle damage. Policies that only cover liability are designed to protect you against these risks.
Liability-only policies are usually less expensive than full coverage, but finding the best policy can be challenging. Having multiple quotes is the best way to ensure you're getting the best deal for your specific situation.