Shopping around can help you save a lot on liability only auto insurance. You should be aware, however, that different insurance providers will weigh risk factors differently when determining the quote. For example, if you have an older car that isn't worth much, liability-only insurance might not be the best option for you.
Liability Insurance Low Cost
WalletHub compared quotes from 17 of the largest auto insurers and found that the cheapest insurance for liability is offered by a few companies. The price of each company is determined by a driver profile, which includes the person's gender, age and location.
Geico Progressive State Farm tend to offer the most affordable liability insurance policies. These companies have cheap rates and also offer discounts, such as student discount and multi-car discounts.
Your credit score is an important factor to consider when comparing auto insurance companies. If you have any blemishes in your credit history, you may be able lower your insurance rates.
Consider whether you will get a ticket, or an accident, in the near term. A record of an accident in which you were at fault will increase your insurance rate, so it is best to purchase coverage when your driving record is clean.
A good rule of thumb is to choose a policy with liability limits that are lower than your state's minimum requirements, as this will help you avoid paying expensive premiums in the event of an accident. These limits are often written as a set of three numbers, such as 25/50/25, which means that the maximum amount of bodily injury liability coverage you can afford per person is 25, and the maximum amount you can pay for property damage is 50.
Liability-only insurance is usually cheaper than the average car insurance policy. This is because it is more cost-effective to have liability coverage rather than cover your own expenses.
Also, it's cheaper to purchase liability-only coverage for a teen driver than to purchase a comprehensive policy. The reason for this is that a teenager has a lower chance of being in an accident than a more experienced driver. Therefore, insurers will offer a cheaper policy.
In most cases, young drivers who purchase a policy via a parent/grandparent can save on liability-only auto insurance. A teenager can be added to an existing insurance policy at a lower cost than purchasing a new one.
Finally, if you reside in an area where crime is high, you might want to get a cheap liability insurance policy. It will help protect you from theft and vandalism. There are many causes for vehicle damage. A liability-only policy will only cover those risks.
It is often cheaper to buy liability-only insurance than a complete policy. However, it can be hard to find the policy that's right for you. Multiple quotes can help you get the best deal.