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The cheapest auto liability insurance costs an average of $28 per month. USAA, Auto-Owners and Erie usually offer the best average prices
Low Full Coverage Auto Insurance
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 websites and marketing companies in the US, UK and Australia, specializing in car finance and car care topics. Daniel is an authorized representative of the guide group for auto insurance, loans, warranty options, auto service and more. A writer
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Edited by: Rashaun Mitchner Edited by: Rashaun Mitchner Editor-in-Chief Rashaun Mitchner is a guide team editor with over 10 years of experience covering personal finance, loans, insurance and warranty topics. senior editor
A liability-only insurance policy is the cheapest insurance you can buy. However, it usually provides only the minimum coverage required by state law. In this article, we'll show you from the guide team which major providers offer the cheapest car insurance on average. We also examine the average cost of liability insurance by state and how liability coverage stacks up against comprehensive coverage.
When looking for cheap auto insurance, we recommend getting quotes from the best auto insurance companies in the industry. It helps you compare car insurance quotes to find the best rates possible.
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The Guide team is committed to providing reliable information to help you make the best decision on your car insurance. Because consumers trust us to provide objective and accurate information, we've created a comprehensive rating system to rank the best car insurance companies. We've collected data on dozens of auto insurance providers to rate companies on a wide range of rating factors. After 800 hours of research, the final result was an overall rating for each provider, with the highest scoring insurers at the top of the list.
If you want cheap auto insurance, buy only liability coverage that meets your state's minimum auto insurance requirements.
We researched the cheapest car insurance companies and the states with the most affordable liability insurance. The calculations in the following sections are based on a 35-year-old married driver with good credit and a clean driving record.
Based on our research, USAA typically has the cheapest liability coverage on average, at $28 per month or $333 per year. The next cheapest auto insurance usually comes from Auto-Owners Insurance, which charges an average of $29 per month or $349 per year.
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According to our calculations, the state with the cheapest car insurance is Vermont. In the Green Mountain State, the average cost of a liability-only policy is $23 per month, or $282 per year. Michigan has the most expensive liability insurance, with rates at $133 per month or $1,604 per year.
Auto liability insurance covers the cost of other party property damage and personal injury if you are found at fault in an accident. Your insurance provider will pay the cost of repairing the other party's vehicle or the cost of medical bills if the other party is injured.
Each state sets its own legal minimum coverage, which usually includes some form of liability insurance. Virginia and New Hampshire are the only exceptions, as neither state requires drivers to have car insurance.
The sum insured for liability insurance is indicated by three numbers. Each number represents one of the following types of liability coverage:
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An example of a liability insurance policy might be 25/50/25, which means you have $25,000 per person for bodily injury, $50,000 per accident, and $25,000 for property damage liability coverage. disaster.
Auto liability insurance does not cover damages to your vehicle or expenses related to your injuries. Collision insurance covers the cost of repairing your vehicle. Medical insurance (MedPay) or personal injury protection (PIP insurance) covers your medical bills.
If you are not found to be at fault in an accident, you and your insurance company are not liable for property damage or injury to another person.
If you have a car loan or lease, you will probably need to provide comprehensive coverage. With this in mind, you should only consider liability insurance if you own your car.
Full Coverage Auto Insurance (2023)
You should also remember that comprehensive and collision coverage is a good deal when your car is new. As your vehicle ages, the maximum payout you can receive for a claim will decrease. When your car is 10-12 years old and has a total value below $10,000, it's hard to say that comprehensive car insurance is a good deal.
Comprehensive coverage policies typically include state-approved liability limits as well as collision and comprehensive coverage. Some comprehensive coverage policies may also include uninsured motorist (UM) coverage as required by some states.
Liability-only car insurance is often the cheapest in the industry - especially for comprehensive coverage. This is because liability coverage does not provide much protection. Here is a comparison of the average annual prices for the two types of coverage:
As you can see, it is not uncommon for liability only car insurance to be 60% cheaper than a full coverage policy. Again, it's a matter of getting what you pay for, as a comprehensive car insurance policy offers significantly more protection than liability coverage.
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When calculating auto insurance quotes, insurance companies take several factors into account to calculate how much you will pay.
To find more affordable car insurance, you can work on building your credit and avoid traffic violations. We also recommend checking with your provider for car insurance discounts. Some providers offer discounts to good drivers or policyholders who bundle their car insurance with homeowner's or renter's insurance. There are also frequent discounts for good students and members of various professional organizations.
The cheapest auto liability insurance is the minimum coverage your state requires to legally drive. Each state has its own requirements, so the cost of liability insurance varies from state to state.
If you're planning to purchase a liability-only auto insurance policy, we recommend checking out the policies offered by USAA and Erie Insurance.
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By researching the top insurance companies in the country, we've found that USAA consistently offers the lowest car insurance rates. In addition to the cheapest liability coverage on average, USAA offers a wide range of coverage, including accident waivers and classic car insurance.
USAA also has an A++ rating from AM Best, which indicates its financial strength and credibility as a company. Note that USAA coverage is only available to active duty military members, veterans and their immediate family members.
If you live in Washington, D.C. or one of the 12 states that Erie serves, this may be the right choice for affordable auto insurance. The company is known for its affordable rates, paying an average of 28% less than the national average for liability coverage and comprehensive coverage.
Along with affordable liability coverage, Erie offers a variety of comprehensive coverage options and many optional extras. According to AM Best, a provider has the financial strength to assume it can pay claims.
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Most states require a minimum of $50,000 in bodily injury liability coverage ($25,000 per person) and $25,000 in property damage liability coverage per accident. Some states also require uninsured motorist coverage along with personal injury coverage or medical bills coverage.
The lowest you can pay for car insurance is usually the cost of your state's minimum liability coverage, which varies based on factors such as your vehicle and location. Based on our research, USAA has the cheapest auto liability insurance at an average of $28 per month or $333 per year. Vermont has the lowest average liability insurance rate in the US at $24 per month or $282 per year.
Liability insurance is generally the cheapest car insurance because it only covers the costs of bodily injury and property damage to the other party if you are at fault for the accident. This does not cover damages to your vehicle or expenses related to your injuries.
Driving without insurance is illegal in all states except Virginia and New Hampshire. Penalties for driving without insurance vary by location.
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USAA is generally the least expensive insurance company for minimum liability insurance, with an average rate of $28 per month or $333 per year for married 35-year-old drivers with good credit and a clean driving record. Car owners insurance is behind USAA, with liability coverage at $29 per month or $349 per year.
Because consumers trust us to provide objective and accurate information, we've created a comprehensive rating system to rank the best car insurance companies. We collected information on
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