Breaking Down Liability Insurance Rates

Everyone knows that it’s the law these days to carry around auto insurance. But, you don’t necessarily need full coverage in order to comply with the law. In fact, you only need a liability policy in order to avoid the men in blue from coming after you. What most people don’t realize is that many different auto insurance companies will provide different liability insurance rates. for customers with the same profile, so it is extremely important to shop around for liability insurance rates from different providers. Click here to visit Houston car insurance - a shopping comparison website where you can compare several free quotes for different liability insurance rates no matter where you live in the United States.

Q: What is the minimum liability coverage required by law?

A: Each state is different and sets their own minimum requirements, but generally speaking most states go by the 15/30/5 rule. This breaks down as:

  • $15,000 for bodily injury to a single individual involved in the accident
  • $30,000 for total injuries caused to all parties involved in the accident
  • $5,000 for property damage

Understand that these are only the minimums and the average car accident exceeds these values. Since this is the case, you should highly consider carrying much more coverage than just the minimums. Think about it like this, let’s say you are the cause of an accident and there is one other car involved. That car is a Toyota corolla, which is one of the top selling cars in America. The corolla sells for about $12,000, and let’s say it was totaled so you will have to pay to replace the vehicle. If you only have the minimum liability coverage required by law, your insurance will only pay $5K towards replacing the vehicle. So, that means you will be left paying the difference of $7,000 greenbacks, and that’s only if you completely wreck a Corolla. Image what your out of pocket fees will be if you totaled a BMW or Mercedes-Benz!

The best way to get the cheapest liability insurance rates is by shopping around. Be sure to compare from at least 5 different providers in order to get the best quotes. Additionally, you may want to ask each company what types of discounts they offer, as you may qualify for a discount from one company but not from another. Click here to get liability insurance rates from Houston car insurance - a free website to help you compare rates from a bunch of different providers in your area. Now get out there and save money - have fun!

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