What You Should Know About Liability Only Auto Insurance

Liability only auto insurance is an option you might want to consider if you are concerned about the cost of coverage. This type of policy can be affordable, but it does not pay for your own medical bills. Your policy’s limits will depend on the state in which you live. Some states require that you have personal injury protection coverage, which will help pay for medical bills and repair costs. auto insurance quotes online

Liability only auto insurance isn’t enough coverage for some types of accidents. Liability coverage does not pay for damages to other people’s vehicles, but it will help pay for damages you cause. Liability coverage will also help pay for repairs and property damage to other people’s cars. Depending on how old your vehicle is, this type of coverage is not enough. Getting a blue book value for your vehicle will help you determine how much it will cost to repair.

Liability only auto insurance is the most basic type of auto insurance and is the legal minimum for most states. It will help cover the damages to another person’s vehicle and any medical bills your car causes. It also pays for the repair and medical costs of the other driver. As a result, liability only auto insurance is a wise choice for many drivers.

When you buy liability only auto insurance, it is important to consider the limits of your coverage. Unlike full coverage car insurance, liability only insurance is only effective for accidents involving you. The amount of insurance coverage depends on your state and policy requirements. You can also buy collision or comprehensive insurance with this type of policy, depending on your needs.

Liability only auto insurance can be more affordable than collision auto insurance, but it is not without its disadvantages. If you own an expensive vehicle, you may find it difficult to pay for the repairs if you are involved in an accident. Additionally, liability only auto insurance may not cover repairs if you cause an accident. The cost of repairs can run into the thousands.

In most states, liability only car insurance will cost less than $50,000 a year or $51 a month. However, you must still include personal injury protection and uninsured/underinsured motorist coverage. Moreover, liability only car insurance costs differ greatly by state. The highest costs are found in Florida, while the lowest cost is found in Iowa.