How Much is Liability Insurance?

young couple looking over paperwork at dealership

How much does liability insurance cost? Generally, the answer to "how much is liability insurance?" depends on the policy you choose. If you choose to go above the state's bare-minimum legal requirements, the 100/300/50 limit is typical for Mehlville drivers. This kind of policy 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. Usually, this kind of policy costs anywhere from $46 a month to $80 a month, depending on the state and the amount of coverage you choose. Contact us today to learn more.

What Is Liability Insurance and What Does it Cover?

Liability insurance pays the other driver for damage or injuries in the event of an accident that the insurer is responsible for. What exactly does liability insurance cover? There are two different kinds: Bodily Injury Liability and Property Damage Liability.

  • Bodily Injury Liability - This insurance covers bodily harm to the other driver in an accident where you're found to be at fault, including the other driver's medical bills, pain and suffering, and more. And if you are sued, your defense and court costs are also covered.
  • Property Damage Liability - This insurance covers damage to the other person's property and that property's loss of use.

How Much Coverage Should You Have?

The required legal amount of coverage varies by state. If you decide on additional coverage, you're likely to have a higher premium, but would be better off in the case of an accident. Get the peace of mind more coverage affords. Accidents, especially those where you're determined to be at fault, can be very costly. So consider carefully how much you can afford.

Get Covered at Suntrup Hyundai South

To learn more about liability insurance rates, make the trip to our Hyundai finance center near Afton. Our team will help you decipher liability insurance policy cost and gap insurance benefits and refunds to ensure you have the right coverage. Reach out today to make an appointment and check out our new vehicle specials.