You can save money if you are only looking for liability-only car insurance. But you should be aware that providers can place different weights on different risk factors. For example, if you have an older car that isn't worth much, liability-only insurance might not be the best option for you.
Liability Insurance Low Cost
WalletHub analyzed the quotes of 17 major auto insurance companies to find the cheapest company for liability only car insurance. Each company's pricing is based upon a driver's profile including age, location, and gender.
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. Your rates may be reduced if you fix any blemishes.
A ticket or accident in the near-future is another thing to think about. An accident for which you are responsible will raise your rates. Therefore, it is best to obtain insurance while your driving record remains clean.
As a rule, choose a liability limit that is lower than your state minimum requirement. You will avoid having to pay expensive premiums if you are involved in an accident. These limits are often written as a set of three numbers, such as 25/50/25, which means that the maximum amount of bodily injury liability coverage you can afford per person is 25, and the maximum amount you can pay for property damage is 50.
Liability insurance alone is often cheaper than the national average. This is because it is more cost-effective to have liability coverage rather than cover your own expenses.
Liability-only insurance is also cheaper than a full coverage policy for teenagers. A teen driver has a much lower risk of an accident compared to an older driver. As a result, insurance companies are willing and able to offer them a less expensive policy.
By purchasing a liability-only policy from a parent or grandparent, young drivers can save money. It's also less expensive to add a teenager to an existing policy than to purchase a new policy.
Finally, if you reside in an area where crime is high, you might want to get a cheap liability insurance policy. It will help protect you from theft and vandalism. The two most common causes of car damage are theft and vandalism. Liability only policies are designed for these risks.
Liability-only policies are usually less expensive than full coverage, but finding the best policy can be challenging. Comparing multiple quotes will help you find the best policy for your situation.