Cheap Autoinsurance – Andrew Hurst Andrew Hurst Senior Editor and Licensed Auto Insurance Specialist Andrew Hurst Senior Editor and Licensed Auto Insurance Specialist on the website. His work has been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin and Property Casualty 360.
Anna Swartz Anna Swartz Senior Editor and Auto Insurance Specialist Anna Swartz is the company’s senior editor and auto insurance specialist, where she oversees our auto insurance offerings. He was previously a lead contributor to Mic.com and a contributor to The Dodo.
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We’ve found that GEICO has the cheapest liability-only auto insurance for most drivers who want the minimum coverage (that is, the minimum amount of coverage required by law). Car owners have cheaper liability coverage, but it’s not available in all states.
A liability-only policy means a policy that does not include comprehensive or collision coverage. With liability-only insurance, you can only cover damage to other people during an accident, not to your vehicle.
We found the cheapest credit insurance companies by analyzing premium data for every zip code in the country. These prices are provided by Quadrilateral Information Services.
The premiums we analyzed were for minimum coverage policies that met each state’s insurance requirements. The rates in this study show how much coverage you can legally carry, but it’s possible that your sole liability insurance policy may exceed your state’s minimum coverage limits.
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Average overall rates, prices by zip code, and average rates for the cheapest companies were determined based on ratings from drivers over 30 years of age. Our test car was a 2017 Toyota Camry LE with 10,000 annual miles.
To determine the cost of liability insurance after an accident, we calculated the average premium increase for each company with full coverage. We then apply this rate of change to the average price of the commitment bond for the same company.
Some service providers may be represented by subsidiaries or affiliates. Prices given are sample costs. Actual quotes may vary.
Liability-only car insurance costs an average of $51 per month (or $617 per year), but there are companies that offer cheaper than standard coverage.
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We found that the cheapest car insurance is car owner insurance. The average cost of auto-owners liability insurance is $27 per month or $327 per year.
Drivers can also get cheaper insurance from smaller companies like MAPFRE and Erie, as well as USAA, which only offer policies to drivers with military connections. But since these companies aren’t available to everyone, GEICO is the cheapest credit-only insurance for most people.
Ratings How we score: Ratings are determined by our editorial team. Our approach considers many factors, including price, financial ratios, quality of customer service and other product-specific factors.
GEICO offers the best price on liability-only insurance of any company available nationwide. GEICO in all states and Washington, D.C. Provides coverage in drivers. They can request a quote from GEICO anywhere.
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GEICO is the only low cost insurance company available nationwide. It is the only company in our top picks that is located in every state.
On average, GEICO car insurance alone costs $34 per month ($402 per year). That’s $215 a year cheaper than the average. And that’s only $35 more per year than the cheapest company with liability insurance.
GEICO also offers a number of discounts that can help drivers get cheaper rates. You can save on your GEICO policy if:
Car owners only have cheaper liability coverage, though it’s not available in all states. But if you live in one of the 26 states where car owners offer coverage, you can get coverage for less than $30 a month.
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Car Owners has the cheapest liability insurance of any company on our list. On average, the minimum liability-only policy costs $27 per month ($327 per year) for auto owners. That’s $290 a year below the national average.
Although car owners have 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 members of the military and their families. In addition to the cheapest rates, USAA has the best claims settlement in the industry.
Military drivers (and their families) can get cheap liability insurance from USAA. We found that the average cost of USAA’s credit-only policy 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 certain discounts that drivers can use to lower their costs. You are eligible for USAA benefits if:
USAA also has excellent customer service. Every year, J.D. It scores near or at the top of the Power Auto Claims Satisfaction Survey, which means customers are comfortable with the claims process with USAA. [1]
Prices go up after an accident, but you can still only get the cheapest car insurance in the world economy. Unlike other companies that offer cheap insurance for drivers involved in accidents, State Farm is available in almost every state.
State Farm has the cheapest liability insurance for people who have recently had an accident. On average, we found that State Farm’s liability-only coverage costs $49 a month ($585 a year) after you’re at fault.
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We found that State Farm credit coverage alone costs $331 less per year on average after an accident. There are a few companies that charge slightly lower rates for high-risk drivers, but not as widely available 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-only car insurance depends a lot 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 that the cheapest companies at the state level are GEICO and USAA, which are the best combined for liability insurance in 32 states.
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Since the cheapest auto liability insurance company varies greatly depending on where you live, it is very important that you compare quotes from the best companies before purchasing insurance.
Liability-only insurance is usually cheaper than a comprehensive policy (which includes alignment and collision), but you can get liability insurance even cheaper.
The best way to find the cheapest car insurance is to compare quotes from several companies before buying. So you can quickly see which liability insurance is the cheapest. You can also get cheap credit insurance:
Liability insurance only covers the other driver’s medical expenses and repair bills after an at-fault accident. The policy covers you up to its limit, which is usually specified per person and per accident.
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This means that your personal injury liability for injuries to other drivers and passengers could be up to $25,000. But it only covers up to $50,000 per accident.
Your liability insurance does not cover damages to your car after an accident. This is where a fully inclusive policy will come into play. Without collision and comprehensive coverage, you’ll be stuck replacing your car if you’re injured in an accident.
There is a temptation to take only liability insurance instead of full insurance. Credit-only coverage costs an average of $1,035 less per year than full coverage. But most drivers need the protection of a full coverage policy.
Liability insurance does not cover damage to your vehicle after an accident caused by you. Although injuries and damages to another person are covered up to the limits of your policy, you must repair (or restore) your vehicle yourself.
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There are situations where only liability insurance makes sense, so forgoing full insurance is worth it if:
Even if you only carry liability insurance, you still need to carry more than the minimum amount required by your state. Getting additional credit insurance isn’t expensive, so get as much as you can afford even if you don’t get a full settlement.
It’s easy for the cost of an injury or someone else’s injury to exceed the state’s minimum liability limit after an accident. If you have adequate driver’s insurance, you could easily end up paying thousands of dollars out of pocket.
If you choose credit-only coverage, it’s important to choose the highest level of coverage you can afford. If you do not have adequate liability insurance to cover damages from an at-fault accident, you
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