What This Coverage Includes
- Bodily injury liability
- Property damage liability
- May include UM/UIM and MedPay in some policies
What This Coverage Does NOT Include
- Collision or comprehensive (no owned vehicle to cover)
- Rental car damage (usually requires separate rental counter coverage)
When This Coverage Makes Sense
- Required to maintain SR-22 filing without owning a vehicle
- Frequently rent cars and don't want rental counter liability only
- Borrow cars often and want extra protection
When You Might Skip This Coverage
- You own a vehicle (get standard policy instead)
- You rarely drive and accept the risk
Cost Considerations
Typical Additional Cost: $200-600 per year (generally cheaper than owner policies)
Premium costs vary significantly by location, vehicle, driver profile, and chosen limits. The figures above are national averages and should be used only as rough guidance. Get actual quotes for accurate pricing.
Frequently Asked Questions
This depends on both the specific coverage type and your state. Some coverages (like liability) are required in nearly all states. Others (like collision, comprehensive, or gap insurance) are optional but may be required by your lender/lessor if you finance or lease your vehicle. Check our state-by-state minimum requirements guide for specifics.
In most cases, yes. You can add, remove, or adjust optional coverages (collision, comprehensive, roadside assistance, etc.) at any time by contacting your insurer. Changes typically take effect at your next renewal, though some adjustments can be made mid-term with possible prorated refunds or additional charges. Required coverages (like state minimum liability) cannot be dropped below legal minimums.
This information is educational only. Coverage details, availability, and costs vary by insurer and state. Always review actual policy documents before purchasing. Consult licensed professionals for advice specific to your situation.