Finding Cheap Liability Car Insurance

 
You are here: Home » MoneyTalk » Additional Topics » Finding Cheap Liability Car Insurance

There may come a time when your finances are pretty tight, but you will still need to be able to safely drive to all of the places that you need to go. After all, life does not stop just because of an inconvenient situation that unexpectedly arose.

If you want to get a hold of bare minimum car insurance, consider acquiring liability. Fortunately for you, here are some ways for you to find cheap liability car insurance and manage to get the best deal on it while doing so.

Make Sure to Shop Around

Never assume that any one company that you may come across has the absolute best liability car insurance prices. You very well could be missing out on a serious bargain somewhere else because you did not take the time to look around.

On average, many good drivers could be missing out on around $416 per year due to not shopping around and comparing insurance prices. Additionally, 38% of Americans with car insurance have not compared insurance costs in at least three years, if ever at all. Be sure to thoroughly look around before deciding on a car insurance company.

Check Out the Big Insurers

Though you may want to check out several different options before you decide on what company you would like to do business with, it is still a good idea to see what the big name insurers would be able to offer you. Companies like Geico, State Farm, Allstate, and Progressive are a good place for you to start looking.

If you are currently active in the military, a veteran, or an immediate relative of someone active in the military, then you can also have a look at what the United Services Automobile Association (USAA) could offer you in terms of liability car insurance.

Take a Look at Regional and Other Local Insurers

Some of the bigger insurance companies might look like they could offer you the deal that you need, but this might not necessarily be the case. Before you go ahead and decide on a company to buy a liability car insurance policy from, make sure that you check out some of the insurers who are more local to you.

Local insurers could offer you the coverage you are looking for at a much better price than any of the big companies might. Plus, many of these local car insurance companies often will have better customer satisfaction rates.

Look for Discounts

In addition to looking for the lowest every day rates for liability car insurance, you could potentially save even more money by seeking out any potential discounts that could be available to you. Many insurers, both big and small, are often willing to offer special discounts to drivers who:

  • Bundle their car insurance with their other policies (home owner’s insurance, life insurance, etc.)
  • Insure more than one car with a single policy
  • Make sure they have a clean driving record
  • Pay their entire six-month or annual premium all at once
  • Agree to get documents online
  • Have a car that has certain anti-theft or safety features
  • Are members of certain professional organizations or affiliate groups

Average Coverage Prices by State

Although the amounts usually change from time to time, as of right now, the following numbers are the average annual costs for both the cheapest liability coverage, as well as full coverage.

StateAverage annual price: Minimum required coverageAverage annual price: Full coverageAnnual difference
Average$699$1,537$838
Alabama$563$1,367$804
Alaska$419$1,105$686
Arizona$684$1,527$843
Arkansas$578$1,449$871
California$629$1,654$1,025
Colorado$713$1,738$1,025
Connecticut$1,029$1,984$955
Delaware$1,209$2,350$1,141
District of Columbia$842$1,558$716
Florida$1,253$2,355$1,102
Georgia$727$1,523$796
Hawaii$676$1,637$961
Idaho$389$990$601
Illinois$706$1,389$683
Indiana$493$1,091$598
Iowa$309$968$659
Kansas$585$1,297$712
Kentucky$1,092$2,185$1,093
Louisiana$995$2,789$1,794
Maine$431$961$530
Maryland$924$1,644$720
Massachusetts$540$1,179$639
Michigan$2,696$3,986$1,290
Minnesota$824$1,598$774
Mississippi$612$1,669$1,057
Missouri$683$1,581$898
Montana$428$1,457$1,029
Nebraska$431$1,126$695
Nevada$679$1,721$1,042
New Hampshire$495$1,041$546
New Jersey$1,095$2,069$974
New Mexico$576$1,416$840
New York$1,161$2,017$856
North Carolina$527$1,027$500
North Dakota$393$1,148$755
Ohio$548$1,106$558
Oklahoma$561$1,645$1,084
Oregon$1,063$1,782$719
Pennsylvania$475$1,303$828
Rhode Island$977$2,017$1,040
South Carolina$524$1,167$643
South Dakota$330$1,083$753
Tennessee$499$1,294$795
Texas$826$2,452$1,626
Utah$695$1,284$589
Vermont$396$1,035$639
Virginia$431$1,039$608
Washington$545$1,009$464
West Virginia$635$1,501$866
Wisconsin$491$1,084$593
Wyoming$329$1,085$756

Trusted lender of over 250,000 customers2

Trusted by over 250,000 customers since 2002, we know how to do business the right way. Our US based customer service team is there for you seven days a week.

LoanMart © 2019 All Rights Reserved. Version: 19.12.05.8
Go To topGet it on Google Play

DISCLOSURES FOR VEHICLE SECURED LOANS MADE BY LOANMART

California loans are made or arranged pursuant to a California Financing Law License. See State Disclosures for additional disclosures.

1Loan approval is subject to meeting the lenders credit criteria, which may include providing acceptable property as collateral. Actual loan amount, term, and Annual Percentage Rate of the loan that a consumer qualifies for may vary by consumer. Loan proceeds are intended primarily for personal, family and household purposes. Minimum loan amounts vary by state. Consumers need to demonstrate ability to repay the loan.

2Based on consumers who received a loan from LoanMart from February 2002 to October 2018.

3Application processes could take five (5) minutes to complete. Upon completion, a conditional approval may be given pending review of documentation. Funding time is based on the time from final approval following receipt and review of all required documents and signing, prior to 2PM PST on a business day.

4To exercise the right to rescind, the consumer(s) must notify the lender in writing by midnight on the third calendar day from obtaining the loan. Within one business day from notice of rescission, the consumer(s) must return any monies received and fees paid on behalf of the consumer(s) by certified funds.

5Lenders recommend and encourage consumers to pay early and often and more in order to avoid additional finance charges.

If you are using a screen reader and are having problems using this website, please call 1-855-422-7412 for assistance.


DISCLOSURES FOR VEHICLE SECURED LOANS MADE BY CAPITAL COMMUNITY BANK

Loans for Delaware, District of Columbia, Florida, Illinois, Indiana, Kansas, Kentucky, Michigan, Mississippi, Oklahoma, Ohio, Oregon, South Dakota, Tennessee, Texas, and Washington residents are made by Capital Community Bank, a Utah chartered bank located in Provo, Utah, Member FDIC. Loans made by Capital Community Bank will be governed by Utah law and serviced by LoanMart.

All loan applications are subject to meeting Capital Community Bank’s credit criteria, which include providing acceptable property as collateral. Consumers need to demonstrate ability to repay the loan.

Questions? Customersupport@800loanmart.com or call 855-399-2261.