How Much is Liability Insurance?

How much does liability insurance cost? Most liability insurance rates in Waterbury cost from $46-$80 a month. Your liability insurance policy cost will depend on which policy you choose. Liability policies in this amount are the most common and go above the state’s legal requirements, which is the 100/300/50. That means the insurer will pay up to $100,000 for injuries per person, $300,000 for injuries per accident, and $50,000 for property damage per accident. Want to learn more about liability insurance rates and what they cover? Keep reading, and contact us with your questions.

What is Liability Insurance & What Does it Cover?

Liability insurance is legally required in every state, and it protects drivers who are in an accident that’s not their fault. Your liability insurance policy cost in Southbury covers the other driver for damage and injuries if you are at fault in an accident. Your liability insurance rates offer two kinds of coverage:

• Bodily Injury Liability – If you cause an accident, bodily injury liability covers bodily harm caused to the other party, meaning their medical bills, pain and suffering, etc, are all covered. If the other driver sues you, your defense and court costs would also be covered.
• Property Damage Liability – If you cause an accident, property damage liability covers damage to the other person’s property and the loss of use of that property, like their vehicle and its contents.

How Much Coverage Should You Have?

When you know how much liability insurance is, the next question is how much coverage should you have in Torrington. The amount of liability coverage you need depends on what state you live in. You can also opt for additional coverage, which will mean a higher liability insurance policy cost, but also means more security in case you have an accident and you’re at fault. The best advice is to pay the liability insurance rates you can afford.

Get Insurance Information from Honda of Watertown

Whether you’re looking for an answer to how much does liability insurance cost, or what information on how to improve your credit score, the finance department at Honda of Watertown is here to help! Check out our car finance and insurance tips for help!