Shopping around can help you save a lot on liability only auto insurance. You should be aware, however, that different insurance providers will weigh risk factors differently when determining the quote. Liability-only insurance may not be the right choice for you if your car is older and worth less.
Liability Insurance at Low Cost
WalletHub analyzed the quotes of 17 major auto insurance companies to find the cheapest company 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, and similar companies tend to provide the cheapest policies for liability insurance. 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. You may be able to lower your rates by fixing any blemishes on your record.
Another thing to consider is whether you're going to get an accident or a ticket in the near future. Having an at-fault accident on your record will raise your insurance rates, so it's best to get coverage while you have a clean driving record.
This will save you money in the event of an incident. These limits can be written as three numbers such as 25/50/25. That means the maximum bodily injuries liability coverage that you are willing to pay per person is 25, while the maximum property damage liability coverage is 50.
The cheapest liability-only car insurance is typically less than half of the national average. This is because it's cheaper to provide liability coverage than it is to cover your own expenses, such as medical bills and repairs to your car.
A liability-only policy is less expensive than a complete policy. The reason for this is that a teenager has a lower chance of being in an accident than a more experienced driver. Therefore, insurers will offer a cheaper policy.
A policy purchased by a grandparent or parent can help young drivers save money on liability only car insurance. It's also less expensive to add a teenager to an existing policy than to purchase a new policy.
Lastly, if you live in an area with a high crime rate, you should consider getting a low-cost liability insurance policy to protect yourself against theft and vandalism. These are two common causes of vehicle damage, and liability-only policies are designed to cover only those risks.
A liability-only policy is typically cheaper than a comprehensive policy. But it can still be difficult to choose the best one for you. Multiple quotes are the best way to get the best price for your particular situation.