cheap liability only auto insurance

What is Liability-Only Auto Insurance?

Liability-only auto insurance is a type of car insurance that covers the costs of damages or injuries you cause to others in an accident. It does not cover damages to your own vehicle.

Liability-only insurance is typically the cheapest type of car insurance, but it also provides the least amount of coverage. If you are in an accident and your car is damaged, you will be responsible for paying for the repairs out of your own pocket.

When is Liability-Only Auto Insurance a Good Option?

Liability-only auto insurance may be a good option for you if:

• You have an older car that is not worth much.
• You have a good driving record and are not likely to get into an accident.
• You are on a tight budget.

What Does Liability-Only Auto Insurance Cover?

Liability-only auto insurance covers the following:

• Bodily injury liability: This coverage pays for the medical expenses of people who are injured in an accident that you cause.
• Property damage liability: This coverage pays for the damage to property that you cause in an accident.

What Does Liability-Only Auto Insurance Not Cover?

Liability-only auto insurance does not cover the following:

• Damage to your own vehicle.
• Medical expenses for you or your passengers.
• Lost wages or other expenses you incur as a result of an accident.

How Much Does Liability-Only Auto Insurance Cost?

The cost of liability-only auto insurance varies depending on a number of factors, including your age, driving record, and the type of car you drive. However, liability-only insurance is typically the cheapest type of car insurance.

The average cost of liability-only auto insurance in the United States is $565 per year. However, rates can vary significantly from state to state.

Is Liability-Only Auto Insurance Right for You?

Whether or not liability-only auto insurance is right for you depends on your individual circumstances. If you are on a tight budget and you have an older car that is not worth much, liability-only insurance may be a good option for you.

However, if you have a newer car or you are concerned about the financial consequences of an accident, you may want to consider purchasing more comprehensive coverage.

Table: Liability-Only Auto Insurance vs. Comprehensive Auto Insurance