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The cheapest auto liability insurance averages $28 per month. USAA, Auto-Owners, and Erie tend to offer the cheapest average fares
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Written by: Daniel Robinson Written by: Daniel Robinson Author Daniel is a staff writer on the Guide team and has written for numerous automotive news sites and marketing companies in the US, UK and Australia, specializing in topics such as car financing and car care. Daniel is the Guide team’s expert on auto insurance, loans, warranty options, auto services, and more.
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Editor: Rashawn Michina. Editor: Rashawn Michina. Chief Editor. Rashawn Mitchner is an editor on the Guides team and has over 10 years of experience in the personal finance and insurance fields.
Auto liability insurance is the cheapest insurance you can buy. However, it usually provides only the minimum protection required by law. In this article, we at the Guide Team show which major providers offer the cheapest car liability insurance on average. We also looked at the average cost of liability insurance by state and how liability insurance compared to comprehensive insurance.
If you’re looking for cheap car insurance, we recommend getting quotes from the best car insurance companies in the industry. It helps compare car insurance quotes to get the best rates.
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The Guide team is dedicated to providing reliable information to help you make the best decisions about your car insurance. Because consumers rely on us for objective and accurate information, we created a comprehensive ratings system to create our ranking of the best auto insurance companies. We collected data from dozens of auto insurance companies to rate companies based on a variety of ranking factors. After 800 hours of research, the final result is an overall rating for each provider, with the highest-scoring insurance company at the top of the list.
If you want cheap car insurance, consider purchasing a liability-only policy that meets your state’s minimum car insurance requirements.
We looked at the cheapest car insurance companies and the states that tend to offer the cheapest liability insurance. The estimates in these sections are based on a 35-year-old married driver with good credit and a good driving record.
Based on our research, Country Financial generally offers the cheapest liability insurance, averaging $30 per month or $356 per year. The second-cheapest auto liability coverage typically comes from car owner insurance, which costs an average of $30 per month or $358 per year.
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By our estimates, Iowa is the cheapest state for auto liability insurance. The average cost of liability insurance in the Hawkeye State typically costs $23 per month or $274 per year. Florida has the most expensive liability insurance, with an average rate of $115 per month or $1,385 per year.
Auto liability insurance covers the cost of property damage and bodily injury to another party if you are found to be at fault in a car accident. Your insurance will cover the cost of repairs to the other person’s car or medical expenses if they are injured.
Each state has its own minimum statutory insurance coverage, which usually includes liability coverage. Virginia and New Hampshire are the only exceptions, as both states require drivers to carry auto insurance.
The amount of liability insurance is represented by three numbers. Each number represents one of the following liability insurance types:
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An example of liability coverage is 25/50/25, which means you have $25,000 in bodily injury liability coverage per person, $50,000 in bodily injury liability coverage per accident, and $25,000 in property damage coverage per accident.
Auto liability insurance does not cover damage to your vehicle or costs associated with your injuries. Comprehensive insurance covers the cost of repairing your car. Medical insurance (MedPay) or personal injury insurance (PIP insurance) covers your medical expenses.
If the accident was not your fault, you and your insurance company are not responsible for any property damage or injury to others.
If you have a car loan or lease, you may need to purchase comprehensive insurance. With this in mind, you should only consider motor vehicle liability insurance if you have outright ownership of your vehicle.
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Also keep in mind that comprehensive collision coverage is your best option when your car is new. As your vehicle ages, the maximum compensation you can receive in the event of a claim decreases. Once your car is 10 to 12 years old and the total value drops below $10,000, comprehensive insurance is rarely a good deal.
Comprehensive coverage typically includes state liability limits as well as comprehensive collision coverage. Some comprehensive policies may also include uninsured motorist (UM) coverage, as some states require this.
Auto liability insurance rates are often some of the cheapest in the industry—especially comprehensive coverage. This is because liability insurance does not offer multiple types of coverage. Here’s a comparison of the annual average estimates for the two insurance types:
As you can see, it’s not uncommon for auto liability insurance to cost up to 60% less than comprehensive insurance. Here, too, it depends on the amount you pay, as comprehensive car insurance provides more protection than the best type of liability insurance.
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When calculating a car insurance quote, the insurance company considers several factors to estimate the amount you will pay.
To get cheaper car insurance, you can work to improve your credit score and avoid traffic violations. We also recommend asking your provider about available car insurance discounts. Some providers offer discounts for good drivers or for policyholders who bundle their car insurance with home or renters insurance. Discounts for outstanding students and members of various professional associations are also common.
The cheapest auto liability insurance is usually the minimum amount of coverage required to legally drive in your state. Each state has its own requirements, so the cost of liability insurance varies only by state.
If you plan on purchasing auto liability insurance, we recommend checking out USAA and Erie Insurance policies.
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When researching the top insurance companies in the country, we found that USAA still offers some of the lowest auto insurance rates on the market. In addition to offering the cheapest average liability coverage, USAA offers a wide range of coverage options, including accident waivers and classic car coverage.
USAA also received an A++ rating from AM Best, underscoring its financial strength and credibility as a company. Please note that USAA coverage is only available to active duty military, veterans and their immediate family members.
If you’re in Washington, D.C., or one of the 12 states served by Erie, this may be the right choice for cheap car insurance. The company is known for its affordable rates, charging an average of 28 percent less than the national average for liability and comprehensive coverage.
In addition to affordable liability coverage, Erie offers a variety of comprehensive coverage options and many optional add-ons. AM Best said the provider had good financial strength, indicating it was likely 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 require uninsured motorists to purchase coverage in addition to personal accident or health insurance.
The minimum amount you can pay for car insurance is usually your state’s minimum liability coverage, which varies based on factors such as vehicle and location. According to our research, Country Financial offers the cheapest auto liability insurance, averaging $30 per month or $356 per year. Iowa has the lowest average liability insurance rates in the nation at $23 per month or $274 per year.
Liability insurance is typically the cheapest car insurance because it only covers the cost of bodily injury and property damage to third parties caused by your fault. It does not cover damage to your vehicle or costs related to your injury.
Driving without insurance is illegal in all states except Virginia and New Hampshire. Penalties for being caught driving without insurance vary by location.
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Country Financial is generally the cheapest insurance company for auto liability insurance, with average rates of $30 per month or $356 per year for a married driver age 35 with good credit and no bad driving history. Auto liability insurance is second only to USAA, averaging $30 per month or $358 per year.
Because consumers rely on us for objective and accurate information, we created a comprehensive ratings system to create our ranking of the best auto insurance companies.
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