Sample Auto Insurance Rate: Liability only for 2002 Chevy Silverado and 2010 BMW

What is your neighbor paying for auto insurance for two vehicles at liability only? Check out what you’ll pay!

safe driver 223 Year Old Male, Married, Colorado Springs, Colorado )
Year/Make Model: 2002 Chevrolet Silverado and 2010 BMW 328 XI
Ownership Status: Own
Discounts: EFT, paperless,
2002 chevrolet silverado
2002 Chevy Silverado
2010 bmw 3
2010 BMW 328 XI
Liability Only With Suncoast Insurance
Bodily Injury Liability: $25,000 Per Person, $50,000 per accident
Property Damage Liability: $25,000 Property Damage
Uninsured Motorist Bodily Injury: N/A
Comprehensive: none
Collision: none
Other Rejected Coverages: medical payments, roadside assistance, rental car reimbursement

How can you own two vehicles, including a BMW, and only have to pay under $100 a month? Liability only insurance. If your vehicles don’t have a high MSRP, and you own them, liability only coverage is a great option to consider. If you don’t drive often, and you aren’t overly concerned about all of the “What-Ifs” liability only coverage can greatly lower your monthly rates. However, just be sure to at least have the liability limits and coverages required by the state.

Total 6 Month Premium: $481

Liability-only insurance covers damages or injuries you cause to others in an accident but does not cover damages to your own vehicles. This is a cost-effective option if your cars are older or not financed.

Factors Affecting Rates for Two Cars:

  1. Driver’s Record: Accidents or violations will increase premiums.
  2. Vehicle Models: Newer or high-performance cars may cost more to insure, even with liability-only coverage.
  3. Location: Urban areas like Denver or Colorado Springs often have higher rates due to traffic density.

Monthly Installments: $99

ips to Save on Liability-Only Coverage for Two Cars:

  1. Multi-Vehicle Discount: Insuring both cars on the same policy can reduce rates by 10–20%.
  2. Bundle Policies: Combine car insurance with homeowners or renters insurance for additional savings.
  3. Safe Driving Discounts: Maintain a clean driving record for lower premiums.
  4. Compare Quotes: Rates vary significantly between providers—companies like Progressive, Geico, and State Farm often offer competitive multi-car discounts.
  5. Pay in Full: Paying the premium annually instead of monthly can lower costs.

When to Choose Liability-Only for Two Cars:

  • Older Vehicles: Cars with low market value don’t justify the cost of full coverage.
  • No Loan or Lease: Financed or leased cars typically require full coverage.
  • Limited Usage: If the cars are rarely driven, liability-only may be a better option.
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