Cheap Auto Insurance Liability Only

What is Auto Insurance Liability Only?

Auto insurance liability only is a type of car insurance that covers only the legal liability of the driver for damages and injuries caused to other people and property. In other words, liability only insurance pays for damages and injuries to other people, not for damage to your own car. Auto insurance is required in most states, but liability only covers the minimum amount of coverage required by law. It does not cover physical damage to your own car, such as repair costs due to a collision, theft or other accident.

What is Covered by Cheap Auto Insurance Liability Only?

Cheap auto insurance liability only covers liability claims resulting from an accident that is the fault of the insured driver. Typically, the coverage will include the costs of repairing damage to other people's property, such as another car, as well as medical expenses for the driver and passengers of the other vehicle. The coverage does not typically include the cost of repairing damage to the insured driver's car.

What is Not Covered by Cheap Auto Insurance Liability Only?

Cheap auto insurance liability only does not provide coverage for physical damage to the insured's car, such as repair costs due to a collision, theft, or other accident. In addition, liability only insurance does not cover the cost of medical bills for the insured driver or passengers in the insured's car. Liability only auto insurance also does not typically cover damages caused by uninsured or underinsured drivers.

The Benefits of Cheap Auto Insurance Liability Only

Cheap auto insurance liability only is beneficial to drivers who are on a tight budget but still want to meet their state's legal requirements for car insurance. It is also beneficial to drivers who rarely get into accidents, as they are only paying for coverage they are likely to use. Liability only auto insurance is also a cost-effective way to cover the costs of a single accident, as compared to a full coverage policy which would cover the cost of multiple accidents.

The Drawbacks of Cheap Auto Insurance Liability Only

The primary drawback of cheap auto insurance liability only is that it does not provide any coverage for the insured driver or passengers in the insured's car. In addition, the coverage does not typically cover damages caused by uninsured or underinsured drivers, leaving the insured driver financially responsible for the damages. Finally, liability only insurance does not cover physical damage to the insured's car, such as repair costs due to a collision, theft, or other accident.

Conclusion

Cheap auto insurance liability only is a good option for drivers who are on a tight budget and want to meet their state's legal requirements for car insurance. It is also beneficial to drivers who rarely get into accidents, as they are only paying for coverage they are likely to use. However, the coverage does not provide any protection for the insured driver or passengers in the insured's car, nor does it cover damages caused by uninsured or underinsured drivers. Additionally, it does not cover physical damage to the insured's car, such as repair costs due to a collision, theft, or other accident.