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The cheapest auto liability insurance costs an average of $28 per month. USAA, Auto Owners and Erie tend to offer the cheapest prices on average
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Written by: Daniel Robinson, Written by: Daniel Robinson Writer Daniel is a writer for the Guide team and has written for a number of automotive news sites and marketing companies across the US, UK and Australia, specializing in auto finance and car care topics. Daniel is the Guide team’s authority on auto insurance, loans, warranty options, auto service and more.
Cheapest Liability Only Car Insurance (2023 Guide)
Edited by: Rashawn Mitchner, Edited by: Rashawn Mitchner Managing Editor Rashawn Mitchner is an editor on the Guides team with more than 10 years of experience covering personal finance and insurance topics.
A liability-only auto insurance policy is the cheapest type of insurance you can buy. However, it typically provides only the minimum coverage required by state law. In this article, our Guide Team will show you which major providers offer the cheapest auto liability insurance on average. We’ll also examine the average cost of liability insurance by state and how much liability coverage compares to full coverage.
If you’re looking for cheap auto insurance, we recommend getting quotes from the best auto insurance companies in the industry. It helps compare car insurance quotes to find the best possible price.
Cheapest auto insurance liability Liability auto insurance vs. liability auto insurance Comprehensive auto insurance How much auto insurance do I need?
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The Guide team is committed to providing reliable information to help you make the best possible decisions about insuring your vehicle. Because consumers trust us to provide objective and accurate information, we have developed a comprehensive ranking system to create a ranking of the best auto insurance companies. We collect data on dozens of auto insurance providers to rank companies based on a variety of rating factors. After 800 hours of research, the result is an overall ranking for each provider, with the insurers scoring the most points topping the list.
If you want affordable auto insurance, you may consider purchasing liability-only insurance that meets your state’s minimum auto insurance requirements.
We check out the cheapest auto insurance companies and states with the cheapest liability insurance. The estimates in the sections below are based on a 35-year-old driver who is married, has good credit, and a clean driving record.
Based on our research, USAA typically offers the cheapest liability insurance on average, at $28 per month or $333 per year. The next cheapest auto liability insurance typically comes from Auto Owners Insurance, which charges an average of $29 per month or $349 per year.
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According to our estimates, the state with the cheapest liability auto insurance is Vermont. The average cost of a liability-only policy in the Green Mountain State is typically $23 per month or $282 per year. Michigan has the most expensive liability insurance, with an average cost of $133/month or $1,604/year.
Auto liability insurance covers the cost of property damage and personal injuries to another party if you are found at fault in an auto accident. Your insurance provider will pay for the other person’s car repairs or the cost of medical bills if the other party is injured.
Each state sets its own legally required minimum coverage, which typically includes some form of liability insurance. Virginia and New Hampshire are the only exceptions because neither state requires motorists to have auto insurance.
The coverage amount for liability insurance is expressed in three numbers. Each number represents one of the following types of liability insurance:
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An example of a liability insurance policy might be 25/50/25, which means you have $25,000 bodily injury liability coverage per person, $50,000 general liability coverage Bodily injury liability for each accident and $25,000 in property damage liability insurance. every accident.
Liability car insurance does not cover damage to your vehicle or costs related to your injuries. Collision insurance covers the cost of repairing your vehicle. Medical payments insurance (MedPay) or personal injury protection (PIP insurance) cover your medical bills.
If you are not at fault in the accident, you and your insurance company are not responsible for injuries or damage to someone else’s property.
If you have a car loan or lease, you will likely need to maintain adequate auto insurance. With that in mind, you should consider liability-only auto insurance if you own your car.
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You should also remember that comprehensive and collision insurance are better deals when your car is new. As your car ages, the maximum payout you will receive for a claim will decrease. When your car is 10 to 12 years old and sees its total value drop below $10,000, it’s hard to call comprehensive car insurance a good deal.
Full coverage policies typically include state-required liability limits as well as collision and comprehensive coverage. Some full coverage policies may also include uninsured motorist (UM) coverage because some states require it.
Only responsible auto insurance is often the cheapest in the industry – especially full coverage. This is because liability insurance does not provide many types of protection. Here’s a comparison of average annual estimates for the same type of insurance:
As you can see, it’s not uncommon for liability-only auto insurance to cost 60% less than a full policy. Again, it’s a matter of getting what you pay for because a comprehensive auto insurance policy offers more protection than just liability coverage.
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When calculating auto insurance quotes, insurance companies consider a number of factors to estimate how much you will pay.
To find cheaper auto insurance, you can work to improve your credit score and avoid traffic violations. We also recommend asking your provider about any auto insurance discounts available. Some providers offer discounts to good drivers or to those with policies that combine their auto insurance with homeowner’s or renter’s insurance. Discounts for good students and members of various professional organizations are also common.
The cheapest auto liability insurance is usually the minimum coverage your state requires for you to legally drive. Each state sets its own requirements, so the cost of liability-only insurance will vary from state to state.
If you plan to purchase an auto liability insurance policy, we recommend that you consider policies offered by USAA and Erie Insurance.
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From researching the top insurance companies in the country, we found that USAA consistently offers some of the lowest auto insurance rates available. In addition to having the cheapest liability coverage overall, USAA offers a variety of coverage options including accident waivers and classic auto insurance.
USAA is also rated A++ by AM Best, which reflects the financial strength and reputation of the business. Remember that USAA insurance is only available to active duty military members, veterans and their family members.
If you live in Washington, D.C. or any of the 12 states served by Erie, this could be the right choice for affordable auto insurance. The company is known for its affordable prices, charging an average of 28% less for both liability and comprehensive insurance than the national average.
In addition to affordable liability coverage, Erie offers a comprehensive range of coverage options and many optional add-ons. According to AM Best, this provider has good financial stability, which suggests that it has the ability to pay claims.
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In most states, you need at least $50,000 in bodily injury liability coverage per accident ($25,000 per person) and $25,000 in property damage liability coverage. Some states also require uninsured motorist coverage along with personal injury protection or medical indemnity coverage.
The least you can pay for auto insurance is usually your state’s minimum liability insurance cost, which varies based on factors like your vehicle and location. Based on our research, USAA has the cheapest liability auto insurance at an average of $28 per month or $333 per year. Vermont has the lowest average liability insurance rates in the United States at $24 per month or $282 per year.
Liability insurance is generally the cheapest type of auto insurance because it only covers the costs of bodily injury and property damage to another party if you are at fault in an accident. It does not cover damage to your vehicle or costs related to your injuries.
Driving without insurance is illegal in every state except Virginia and New Hampshire. Penalties for being caught driving without insurance vary by location.
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USAA is generally the cheapest insurer for minimum liability auto insurance, with an average rate of $28 per month or $333 per year for married, credit-worthy 35-year-old drivers. Good usage and clean driving history. Auto owners insurance ranks behind USAA, with an average liability coverage of $29 per month or $349 per year.
Because consumers trust us to provide objective and accurate information, we have developed a comprehensive ranking system to create a ranking of the best auto insurance companies. We collect data on many auto insurance providers