Best Liability Only Car Insurance

What is Liability Only Car Insurance?

Liability only car insurance is a type of auto insurance which covers only the legal liability for damages or injuries sustained by someone else in an accident. It does not offer any physical damage coverage for the insured vehicle or its owner. Liability only car insurance is the most affordable and least comprehensive type of car insurance available. It is typically the minimum amount of coverage required by law in most states. Liability only car insurance may be a good choice for those who have an older vehicle that is not worth much or for those who want the cheapest car insurance available.

What Does Liability Only Insurance Cover?

Liability only car insurance covers third party liability, which means it pays for damage or injuries to another person or property caused by the insured vehicle. It covers any legal liability up to the limits specified in the policy. Liability only car insurance does not provide coverage for damage to the insured vehicle or its owner. This means that if the insured vehicle is damaged in an accident, the policyholder is responsible for any repair costs.

How Much Does Liability Only Car Insurance Cost?

The cost of liability only car insurance varies depending on the limits of coverage chosen and the insurer. Generally speaking, liability only car insurance is the least expensive type of auto insurance available. Depending on the limits of coverage chosen, it can cost as little as $50 a month for basic coverage. However, it is important to remember that the minimum coverage required by law may not provide enough protection for the policyholder.

Who Should Get Liability Only Car Insurance?

Liability only car insurance is typically the minimum amount of coverage required by law. This makes it the most affordable and least comprehensive type of car insurance available. It is a good choice for those who have an older vehicle that is not worth much or for those who want the cheapest car insurance available. It is important to remember, however, that liability only car insurance does not provide coverage for damage to the insured vehicle or its owner.

What Are the Risks of Liability Only Car Insurance?

The main risk of liability only car insurance is that it does not provide coverage for damage to the insured vehicle or its owner. This means that if the insured vehicle is damaged in an accident, the policyholder is responsible for any repair costs. Additionally, if the policyholder is found to be at fault in an accident, they may be responsible for any costs associated with the other driver’s medical bills or property damage.

Conclusion

Liability only car insurance is the most affordable and least comprehensive type of car insurance available. It is typically the minimum amount of coverage required by law in most states. It is a good choice for those who have an older vehicle that is not worth much or for those who want the cheapest car insurance available. However, it is important to remember that liability only car insurance does not provide coverage for damage to the insured vehicle or its owner.