Cheapest Liability Only Insurance Oklahoma

Cheapest Liability Only Insurance in Oklahoma

Liability Only Insurance: What Is It?

Liability only insurance is a type of auto insurance that is designed to protect drivers from the financial costs associated with an accident. This type of coverage will pay for repairs and medical expenses for the other party involved in an accident, but it does not cover the costs associated with repairing the vehicle of the person who has insurance. Liability only insurance is generally the most affordable type of auto insurance, as it does not cover the cost of repairs for the insured's vehicle. It is a popular choice for those who own an older vehicle or who are on a tight budget.

Cheapest Liability Insurance in Oklahoma

In Oklahoma, there are several insurance companies that offer liability only insurance. The cheapest liability only insurance in Oklahoma can be found through companies such as Allstate, Geico, and Progressive. Allstate offers the lowest rates, with a minimum coverage of $25,000 per person and $50,000 per accident. Geico offers liability only coverage for as little as $30 per month, with a minimum coverage of $25,000 per person and $50,000 per accident. Progressive offers the best coverage, with the lowest rate of $30 per month, and a minimum coverage of $50,000 per person and $100,000 per accident.

Advantages of Liability Only Insurance

The main advantage of liability only insurance is that it is much more affordable than other types of insurance. It is also a good choice for those who own an older vehicle, as it does not cover the cost of repairs for the insured's vehicle. Additionally, liability only insurance can provide peace of mind, as it helps to protect drivers from the financial costs associated with an accident.

Disadvantages of Liability Only Insurance

The main disadvantage of liability only insurance is that it does not provide coverage for the cost of repairs for the insured's vehicle. Additionally, if an accident is caused by a driver who does not have insurance, the costs associated with the accident may not be covered. Furthermore, the minimum coverage offered by most insurance companies may not be enough to cover the costs associated with an accident.

Conclusion

Liability only insurance is a great option for those who are looking for affordable auto insurance. It is a popular choice for those who own an older vehicle or who are on a tight budget. In Oklahoma, there are several insurance companies that offer liability only insurance, with Allstate, Geico, and Progressive offering the lowest rates. Although liability only insurance does not cover the cost of repairs for the insured's vehicle, it can provide peace of mind, as it helps to protect drivers from the financial costs associated with an accident.