You have just bought a car and cannot wait to drive but need insurance first. If all you want to make sure is to be legal you need economical liability car insurance online because it is the fastest and most likely the cheapest way to insure your vehicle. Liability policies are bought to comply with the minimum coverage requirements imposed by every state in the USA and provide basic but essential protection for third party claims against you.
In any case, you need to buy insurance to drive legally on the roads. Every state has financial responsibility laws for drivers that require provision of compensation for the victims of traffic accidents. Liability policies are designed to provide this compensation in case you cause injuries to other road users or damages to other people’s property. Driving without vehicle insurance is too much of a risk, not only because you are likely to get caught and penalized but also you may cause damages to others while driving and sued for it.
10 Things to Know About Liability Coverage
What does liability car insurance cover? You should have a quick look at what you get and don’t get with basic policies. They are outlined below and you are advised to go over them before entering your zip code above and getting affordable liability auto insurance online.
- It is a Legal Requirement across the US
Anyone who owns a vehicle must insure it immediately, at least for liabilities. If it is left on the street you are liable for any injury and/or damage, even it isn’t driven yet. One of the first things you should do after buying a vehicle is to arrange your policy. US auto insurance laws are strict and consequences of driving without insurance can be serious to ignore.
- Every State Has Own Insurance Rules
The level of minimum coverage is determined by the state you live in. So, you can find your state and check the minimum coverage required. You can also find out about the penalties and other details relating to insuring automobiles there. It isn’t essential to know basic limits since you cannot buy a policy with coverage less than the minimum required by your state anyway. And some companies may only sell policies that are well over the minimum required.
- Your Policy Must Include Bodily Injury Coverage
There are two basic parts to a liability cover and the first one is bodily injury. This is probably the most important part of any automobile insurance policy. It covers the costs if a driver injures or kills someone as a result of a motor vehicle accident in which the insured driver was at fault. It pays for their medical expenses and other reasonable consequential losses like loss of wages and physical therapy.
- Your Policy Must Include Property Damage Coverage
The second part of a liability policy is Property Damage Coverage. It pays for damages done to others’ properties in an accident you are at fault. These include repair costs to vehicles, buildings, road fixtures and any other losses that may be reasonably claimed.
- Uninsured Motorist Coverage May Be Included
Some states require auto insurers to include uninsured motorist coverage as part of a basic cover. This cover usually provides same level of coverage to you as you provide for others. And some companies may include this cover regardless of they are required or not. So, you should check if you get this cover since it may be handy when you have to make an uninsured motorist claim.
- You Pay if Your Coverage is Insufficient
If the costs of injuries and damages you caused more than your liability coverage limits you are responsible for the payment of the rest. Essentially, it is your problem to take care of the damages you caused but insurers assume these responsibilities when they agree to insure you. That takes us to the next important point.
- Better to Buy A Policy with Higher Limits
Most motorists are expected to get involved in 3 – 4 accidents in a lifetime on average. If you are lucky and extra careful you may be able to avoid them all but it is unlikely. And a serious accident can cause injuries and damages in the hundred thousand dollars mark. Forget about the injuries and hospital costs, which can be very expensive. Just think what if you hit an expensive sports car. Most basic policies only cover damages in the ten thousands bracket. That means there is a high chance a minimum liabilities policy will be short to pay all the damages. That is why you should buy a policy with coverage at least ten times of the basic requirements in most states.
- Always Get a few Cheap Liability Auto Insurance Quotes Online
Know that not all liability policies are equal. Some companies may be happy to sell you the basic cover required for you to be able to drive legally. On the other hand, many auto insurers sell policies with higher limits and they may not be a lot more expensive than a barebones policy. That is why never buy a policy before getting at least 4 – 5 quotes and comparing them for price and coverage.
- Comparison Sites Can Help You Get Liability Only Car Insurance
You may be in a hurry for whatever reason. However, websites like ours makes it very easy to get those quotations in no time. Have a try. That is how you can find the most competitive policy and/or the best auto insurance coverage. In addition you could shave off a few hours of the time required to arrange a policy.
- Consider Cheap Full Coverage Auto Insurance Packages
Remember that liability vehicle insurance coverage don’t pay for your own injuries or losses. It doesn’t cover any damages to your automobile or injuries to your family members too. You need Collision and Comprehensive Coverage to insure your own car properly. Once you include these covers to your decent level of liability cover you get a full cover automobile insurance policy.
Perhaps you should keep in mind that you can get cheap full coverage vehicle insurance at a fraction extra premium. Maybe you don’t want to know about it right now because you just want to buy the basic cover and get driving. However, you should look into it as soon as;
- you can afford to pay just a little more,
- buy a better car or
- have more time in your hand.
There are many reasons why people buy car insurance other than meeting the legal requirements and avoiding police interrogations. Have a look at them to see if they would make you change your mind about the way you insure your vehicles. It is your decision and peace of mind at the end.