Average Cost Of Liability Only Car Insurance

Average Cost Of Liability Only Car Insurance – Andrew Hurst Andrew Hurst Senior Editor and Licensed Motor Insurance Specialist Andrew Hurst Senior Editor and Licensed Motor Insurance Specialist on the website. His work has appeared in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin and Property Casualty 360.

Anna Svartz Anna Svartz Senior Editor and Auto Insurance Expert Anna Svartz is the company’s senior editor and auto insurance expert, where she oversees our auto insurance coverage. He was previously a senior contributor at Mic.com and a contributor at The Dodo.

Average Cost Of Liability Only Car Insurance

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We’ve found that GEICO has the cheapest liability-only auto insurance for most drivers who want minimum coverage (ie, the lowest amount of coverage required by law). Auto-Owners has the cheapest liability coverage, but it is not available in all states.

A liability only policy refers to a policy that does not include comprehensive or collision coverage. With liability-only insurance, you can only cover damage caused to others in an accident, not your car.

We found the cheapest liability insurance companies by analyzing premium data for every zip code in the country. These prices are provided by Quadrant Information Services.

The premiums we analyzed were for the minimum coverage policy that meets the insurance requirements of each state. The rates in this study reflect the lowest amount of coverage you can still legally drive, but it’s possible that your liability insurance policy may exceed the state’s minimum coverage limits.

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Total average prices, prices by zip code and average prices of the cheapest companies are determined based on the average of drivers over 30 years old. Our test vehicle was a 2017 Toyota Camry LE with 10,000 miles per year.

To determine the cost of liability insurance after an accident, we calculated the average premium increase for each full coverage company. We then applied this rate of change to the average cost of liability insurance for the same company.

Some service providers may be represented by subsidiaries or affiliates. Prices listed are sample costs. Actual quotes may vary.

Liability-only auto insurance costs an average of $51 per month (or $617 per year), but there are companies that offer cheaper coverage than average.

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We’ve found that the cheapest liability insurance is just the car owner’s insurance. The average cost of a car owner’s liability insurance policy is $27 per month, or $327 per year.

Drivers can get the cheapest insurance from smaller companies like MAPFRE and Erie, as well as USAA, which only offers policies to drivers with a military connection. But since these companies are not available to everyone, GEICO is the cheapest liability insurance for most people only.

Evaluation How we score: Ratings are determined by our editorial team. Our methodology takes into account several factors, including pricing, financial ratings, quality of customer service and other product-specific characteristics.

GEICO offers the best price on liability insurance of any company available nationwide. GEICO offers coverage in every state and to Washington, D.C. drivers. they can request a quote from GEICO anywhere.

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GEICO is the lowest cost liability insurance company available nationally. It’s the only company in our top pick that’s available in every state.

On average, GEICO liability-only auto insurance costs $34 per month ($402 per year). That’s $215 a year cheaper than the average. It’s also only $35 more per year than the cheapest liability insurance company.

GEICO also offers a number of discounts that can help drivers get even lower prices. You can save on a GEICO policy if:

Auto-Owners has the cheapest liability-only coverage, though it’s not available in all states. But if you live in one of the 26 states where Auto-Owners offers coverage, you may be able to get liability coverage for less than $30 a month.

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Auto-Owners has the cheapest liability insurance of any company on our list. On average, a minimum liability car owner coverage policy costs $27 per month ($327 per year). That’s $290 a year less than the national average.

Although Auto-Owners has cheap liability insurance, it is not available everywhere. Auto-Owners only offers auto insurance in 26 states, not California, New York or Texas.

USAA has the cheapest liability insurance, but it is only offered to active and retired military members and their families. In addition to the cheapest rates, USAA has the best claims solution in the industry.

Military drivers (and their families) can get low-cost liability insurance from USAA. We found that the average cost of USAA liability-only policies is $31 per month ($369 per year). That’s $248 less than the national average per year.

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In addition to great premiums for military family liability insurance, USAA also offers some discounts that drivers can take advantage of to lower their costs. You are eligible for USAA benefits if:

USAA also has excellent customer service. Year after year, J.D. It ranks near or at the top of Power Auto’s claims satisfaction survey, which means customers are satisfied with the claims process at USAA. [1]

Prices go up after an accident, but you can still get cheap auto liability insurance from State Economy. Unlike other companies that have cheap insurance for drivers involved in accidents, State Farm is available in almost every state.

State Farm has the cheapest general liability insurance for people who have recently been in an accident. On average, we found that State Farm liability coverage alone costs $49 per month ($585 per year) after an accident occurs.

Cheapest Liability Only Car Insurance (2024)

We found that State Farm liability coverage alone still costs $331 less per year than the average after an accident. There are a few companies that charge slightly lower rates for higher risk drivers, but none are as affordable as State Farm.

State Economy doesn’t have as many discounts as its competitors, but it does offer some savings, including for drivers who:

The cost of liability insurance depends largely on where you live. In some states, the difference between the cheapest company and the average cost of insurance can be hundreds or even thousands of dollars a year.

We found the cheapest companies at the state level to be GEICO and USAA, which together are the best for liability insurance in 32 states.

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Since the cheapest auto liability insurance varies widely depending on where you live, it’s even more important to compare quotes from the best companies before purchasing insurance.

Liability-only insurance is usually cheaper than a comprehensive policy (which includes comprehensive and collision), but you can find liability insurance even cheaper.

The best way to find the cheapest liability insurance is to compare quotes from several companies before purchasing. So you can immediately see which is the cheapest liability insurance. You can also get cheap liability insurance:

Liability insurance only covers the other driver’s medical expenses and repair bills after an accident they cause. The policy covers you up to its limit, which is usually shown per person and per incident.

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This means your personal injury liability insurance covers up to $25,000 for injuries to other drivers and passengers. But you only get coverage up to $50,000 for the entire accident.

Your liability insurance alone does not cover damage to your vehicle after an accident you cause. This is where a full coverage policy comes in. Without collision and comprehensive coverage, you’ll be stuck replacing your car yourself if you’re injured in an accident.

It is tempting to get only liability insurance instead of full coverage. Liability-only coverage costs an average of $1,035 less per year than comprehensive coverage. But many drivers need the protection of a full coverage policy.

Liability insurance does not cover damage to your car after an accident you cause. While injuries and property damage to another person are covered within the limits of your policy, you must repair (or replace) your car yourself.

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There are cases where it makes sense to take out liability insurance only, so it is worth forgoing full insurance if:

If you only carry liability insurance, you still need to carry more than the minimum amount required by your state. Additional liability insurance isn’t too expensive, so get as much as you can afford even if you don’t have comprehensive coverage.

It is easy for the cost of someone else’s damage or injury to exceed the state’s minimum liability limits after an accident. If you only have enough insurance to drive, you could easily be stuck paying tens of thousands of dollars out of pocket.

If you choose liability-only insurance, it’s important to choose the highest level of coverage you can afford. If you do not have enough liability insurance to cover the damage caused by an accident, you

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