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What Is Liability Car Insurance?

Liability car insurance is a type of car insurance that helps cover the cost of damage or injury you cause to another person or their property while driving. It is sometimes referred to as “third-party” coverage because it pays for damages you cause to others. This coverage is required in almost every state in America.

What Does Liability Coverage Typically Cover?

Liability coverage typically includes two types of coverage – bodily injury liability and property damage liability.

Bodily injury liability helps cover the costs of injuries that you or someone else covered by your policy causes to another person. This could include medical expenses, lost income, and legal fees. In some states, this coverage may also extend to cover lost income and other damages incurred by the injured party.

Property damage liability helps cover the cost of damage to another person’s property. This could cover things like vehicles, buildings, and other objects.

How Much Liability Coverage Do You Need?

The amount of liability coverage you need will largely depend on the state you live in. Most states have a minimum requirement for liability coverage, but this may not be enough to cover you in the event of an accident.

It’s generally recommended that you carry liability coverage of at least $100,000 per person for bodily injury and $300,000 per accident. Property damage liability coverage should be at least $50,000. However, depending on your financial situation and the assets you want to protect, you may need more coverage than this.

What Does Liability Car Insurance Not Cover?

Liability car insurance covers only the costs of damages or injuries you cause to other people or their property. It does not cover damages to your own vehicle or injuries to yourself or passengers in your car.

If you want coverage for damages to your own vehicle, you’ll need to have collision insurance. If you want coverage for injuries to yourself or passengers in your car, you’ll need to have personal injury protection (PIP) or medical payments coverage.

How To Choose The Right Liability Coverage

Choosing the right liability coverage can be confusing, but it’s important to make sure you have adequate coverage to protect yourself and your assets.

The first step is to determine the minimum liability coverage required in your state. You can find this information online or by contacting your insurance agent.

Next, consider your financial situation and the assets you want to protect. If you own a home, have savings, or other valuable assets, you may want to consider increasing your liability coverage to make sure you’re fully protected.

Finally, shop around and compare rates from different insurance companies. Make sure you’re getting the coverage you need at a price you can afford.