Liability insurance is the foundation of most auto insurance policies

Liability insurance is the foundation of most auto insurance policies and is ideal if you are seeking a low cost car insurance policy. You can find lists of the most expensive vehicles to insure versus the cheaper vehicles to insure online or you can ask an insurance company for the list also. The bodily injury coverage would pay for medical bills and lost wages; the property damage coverage would pay for any auto repairs, or replacement. Property damage liability usually repairs damage to other vehicles, but can also cover damages to things such as lamp poles, fences, buildings, or anything else that your car may have struck. Collision coverage is normally the most expensive component of your car insurance rate. If you own a home and have nest egg and a savings account, you should consider more liability insurance. Comprehensive coverage also comes with a deductible and your insurer will only pay as much as the car was worth when it got wrecked. If your car is worth less than what you're paying for the coverage, you're better off not having it. A cheap car that is paid off with only liability insurance won't cost much money at all.