How Liability-Only Insurance Saves Compared to Full Coverage

Liability-only insurance is less expensive than full coverage because the former only covers injuries or damages to third parties and their property, not to you or your property. Full coverage covers a lot more than liability-only insurance, including:

1. damage to a third party's car after an accident,
2. damage to your car after an accident,
3. damage to your car by a natural disaster, such as a tornado and hurricane, and
4. car theft.