What Is Liability-Only Auto Insurance and Is It Right for You?
Auto insurance comes in many forms, but one of the most common—and budget-friendly—options is liability-only coverage. While it meets legal requirements, is it the right choice for your situation? Let’s break it down.
What Is Liability-Only Coverage?
Liability-only insurance pays for injuries or damages you cause to others in an accident where you’re at fault. It does not cover your own injuries or vehicle damage. The name “liability” refers to the legal responsibility you carry if you cause harm to someone else or their property.
What Does Liability-Only Insurance Include?
Liability-only policies usually consist of two key parts:
- Bodily Injury Liability (BIL): Covers medical expenses, lost wages, and legal fees if someone gets hurt in an accident you caused.
- Property Damage Liability (PDL): Pays for damage to another person’s vehicle or property resulting from the accident.
Together, these coverages help protect you from lawsuits and large out-of-pocket expenses after an accident.
What Does It Not Cover?
While liability-only insurance keeps your costs low, it does come with limitations. It does not cover:
- Damage to your own vehicle
- Your personal medical expenses
- Non-collision events like theft, fire, or vandalism
For that, you’d need to add collision or comprehensive coverage.
Who Should Consider Liability-Only Coverage?
Liability-only insurance is ideal if you:
- Drive an older or low-value vehicle
- Want to meet your state’s minimum legal requirements
- Are seeking the lowest monthly premium
- Don’t drive often or only use your car occasionally
On the other hand, if you own a newer or more expensive vehicle, or if you want protection from a wider range of risks, consider upgrading your policy.
Is It the Best Option for You?
Choosing the right coverage depends on your needs, driving habits, and vehicle value. Liability-only auto insurance can save you money, but make sure the savings don’t cost you peace of mind.
Let our team at OKC Insurance Brokers help you assess your options. We’ll guide you to the best policy for your situation—whether that’s liability-only or something more comprehensive.
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