Shopping around can help you save a lot on liability only auto insurance. It is important to note that each provider may place a different emphasis on the risk factors in determining your quote. Liability-only insurance may not be the right choice for you if your car is older and worth less.
Liability Insurance Low Cost
WalletHub analyzed quotes for liability-only auto insurance from 17 major insurers. Each company's pricing is based upon a driver's profile including age, location, and gender.
Geico Progressive State Farm tend to offer the most affordable liability insurance policies. These companies offer low rates, as well discounts like student discounts and multi-car discounts.
You should consider your credit rating when comparing insurance companies. You may be able to lower your rates by fixing any blemishes on your record.
Consider whether you will get a ticket, or an accident, in the near term. An accident for which you are responsible will raise your rates. Therefore, it is best to obtain insurance while your driving record remains 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 may be written with three numbers. An example is 25/50/25. The maximum amount for bodily damage liability you can afford is 25, and your maximum limit on property damage coverage is 50.
Liability insurance alone is often cheaper than the national average. The reason for this is that it's more affordable to purchase liability coverage than to pay for your own expenses such as medical costs and car repairs.
A liability-only policy is less expensive than a complete policy. This is because a teen has a lower risk of getting in an accident than an older driver, so insurers are willing to offer less costly policies for them.
When purchasing liability-only insurance, young drivers will save money if they purchase the policy through their parents or grandparents. It's also less expensive to add a teenager to an existing policy than to purchase a new policy.
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. Liability-only insurance policies cover these two causes of vehicle damage.
A liability only policy will usually be cheaper than an entire policy. Finding the right policy to suit your needs can however be difficult. The best way for you to find the right policy is by getting multiple quotes.