How Much is Liability Insurance?

How much does a liability insurance policy cost? Liability insurance rates vary but typically cost anywhere from $46 to $80 per month, depending on the specific coverage. When seeking coverage beyond the state minimum, the most common policy is the 100/300/50 plan.

In the event of an accident near Seattle, this plan will help keep you secure, as your 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 where you hold fault. To learn more about liability insurance rates and liability insurance policy costs, contact us today.

What is Liability Insurance & What Does it Cover?

Liability insurance rates depend on the chosen policy. Regardless of cost, the purpose of a liability insurance policy is to pay the other driver compensation for damages or bodily injury when the policyholder is at fault for the accident.

Now that you know the answer to the question, “How much does liability insurance cost,” you’re likely wondering, “What does liability insurance cover?” There are two different policies, including:

• Bodily Injury Liability: For an accident you caused, this form of insurance would pay the injured party damages for pain and suffering and medical bills. In the event of a lawsuit, your defense and court costs would be covered by your policy as well.
• Property Damage Liability: If you cause an accident on your Olympia commute that leads to property damage, liability insurance would cover those costs. If your vehicle is damaged in any way, our service department can have your vehicle running like new in no time!

How Much Coverage Should You Have?

Depending on where you live, your liability insurance minimum will vary. When considering liability insurance policy costs, you’ll want to remember the benefits. If you have caused an accident, you could face serious financial consequences. Liability insurance can prevent you from facing financial hardship after an accident.

Learn More About Your Coverage Options at FIAT of Tacoma!

Liability coverage is required by law in most states, so whether you’re buying new or used, it’s important to get the appropriate amount of coverage. For help finding the right liability insurance plan, contact our finance department to discuss your options and your budget. Our team will guide you to the best coverage and can even help you cruise home to Lakewood safer than ever before! We can also talk to you about extended warranty coverage.