Which insurer offers the best cheap liability-only insurance car of 2024? Liability car insurance is the simplest type of car coverage. It is designed just to cover damages or injuries caused to another vehicle or person that you are responsible for.
Nearly every state mandates that drivers carry at least this minimum level of insurance to legally operate a vehicle.
With the increase in insurance costs, many people are opting for liability-only coverage, as it can be significantly cheaper (about a third of the price of full coverage). This liability-only option is especially practical if your car’s value is less than ten times what you pay in annual premiums.
Our team reviewed numerous car insurance companies, highlighting six that excel not just in affordability for liability-only insurance but also in customer service, discounts, and flexible credit options.
6 Best Cheap Liability-Only Car Insurance of 2024
In this section are the top best cheapest liability-only car insurance companies of the year 2024. Check them out.
1. Erie
Erie ranked first in J.D. Power’s 2024 insurance shopping survey and earned the second-highest rating for claims satisfaction. With fewer complaints than many other insurers, it’s a great choice if you’re looking for strong customer service.
Erie’s Rate Lock feature ensures that your premiums won’t go up, even if you file a claim. As long as you don’t make changes to your policy.
2. USAA
USAA is one of the best cheap liability-only car insurance providers, as it provides the cheapest annual rates for both basic and mid-to-high coverage liability-only car insurance. However, its insurance products are exclusively available to members of the military community.
While USAA’s liability-only rates are the most affordable, it also has the highest rate of consumer complaints among our top car insurance picks, based on data from the National Association of Insurance Commissioners (NAIC).
3. Progressive
You must have already heard about progressive. Progressive offers over a dozen discounts to help reduce your premiums. And these include savings for homeowners and for paying your annual premium in full.
It has lots of amazing perks you may not find with other insurers. Progressive will automatically forgive your first claim under $500, which helps keep your rates steady. If you go five years without any at-fault accidents, even bigger claims won’t increase your rates. With an optional add-on, you can also have one extra accident forgiven during each policy period.
4. Auto-Owners
Auto-Owners is a solid pick if you have speeding tickets, at-fault accidents, or DUIs on your record. It provides lower-than-average rates for high-risk drivers and offers SR-22 certificates for those flagged as high-risk by their state.
Notable perks: Auto-Owners offers three discounts for young drivers, including a good student discount that can save up to 20% if they keep a B average or higher.
5. Travelers
Travelers is a great option if you have poor credit, as it offers the lowest rates among the companies we reviewed for such drivers.
You can make use of its incredible benefit by using Travelers’ IntelliDrive app to track your driving and save up to 30% on your annual premium.
6. Geico
Geico stands out for its low rates across various driver types, including those with poor credit. It also has a low complaint rate, making it a strong option if you’re seeking affordable insurance.
The best part is that it provides great rates for good drivers and seniors. And affordable coverage for young drivers aged 18 to 25 on their own policies.
Bottom Line
In 2024, finding the best cheap liability-only car insurance involves weighing affordability against the level of coverage and customer service. As insurance rates continue to rise, opting for a liability-only policy can be a smart choice, especially if your vehicle’s value doesn’t justify the higher cost of full coverage.
Companies like Erie, Progressive, and Auto-Owners and more stand out by offering competitive rates. While also providing additional benefits like accident forgiveness and discounts for young drivers. USAA offers the lowest rates but is available only to military members, while Travelers shines for drivers with poor credit.
Each of the providers written in this article has its strengths, so it’s crucial to evaluate your individual needs and preferences. By considering factors such as discounts, customer satisfaction, and policy features, you can find a liability-only insurance plan that offers both value and peace of mind.
