How Much Does Liability Only Car Insurance Cost?

Understanding Liability Only Car Insurance

Liability only car insurance is coverage that helps pay for damages you cause to other people, their property, and medical expenses. It does not cover damage to your vehicle. The coverage is typically required by law in most states, so it’s important to understand what liability only car insurance is and how much it costs.

Liability only car insurance covers two types of expenses—bodily injury and property damage. Bodily injury coverage helps pay for medical expenses of the other driver and passengers, as well as lost wages due to injury or death. Property damage coverage helps pay for damage to another person’s property, such as their vehicle, fence, building, or other item.

Comparing Liability Only Car Insurance Rates

The cost of liability only car insurance varies depending on a variety of factors, including the type of vehicle you drive, the state you live in, your age, and your driving record. Generally, younger drivers pay more for insurance since they have less experience behind the wheel and are considered to be higher risk.

It’s important to compare rates from multiple insurance companies when shopping for car insurance. Some companies may offer lower rates for the same coverage, so make sure to compare the coverage and discounts each company offers.

What Is the Average Cost of Liability Only Car Insurance?

The average cost of liability only car insurance depends on the state you live in. Generally, states with higher population densities have higher rates, since more drivers means more opportunities for accidents. According to the Insurance Information Institute, the average annual cost of liability only car insurance in 2017 was $571.

Saving Money on Liability Only Car Insurance

There are several ways to save money on liability only car insurance. Shop around for the best rate and consider raising your deductible, which is the amount you must pay out of pocket when filing a claim. Additionally, you can save money by bundling your car insurance with other policies, such as home and renters insurance.

Finally, many insurers offer discounts for good drivers or those who take a defensive driving course. Ask your insurance agent what discounts are available and make sure to take advantage of them.

Conclusion

Liability only car insurance is an important form of coverage that helps protect drivers from the costs of damages they cause to others. The average cost of liability only car insurance is around $571 per year, but rates vary depending on a variety of factors. Shop around for the best rate and take advantage of any discounts that are available.