How Much is Liability Insurance?

closeup of a car key and a car insurance policy

If you’re gearing up to purchase a vehicle, and you’re trying to calculate your total monthly costs, you’ve probably wondered about local liability insurance rates. Although the answer to the question, “How much is liability insurance?” will vary depending on the amount of coverage you purchase, costs generally fall between $46 and $80 per month in Rumson and Colts Neck.

What is Liability Insurance and What Does it Cover?

Liability insurance is a type of coverage which protects other drivers and pedestrians in the event of an accident that you cause. If you want to protect yourself and your own vehicle, you’ll need collision insurance, comprehensive coverage, and possibly GAP insurance, too! Learn more about your financing and insurance options to get a better sense of what you need.

Generally, liability insurance is split into two categories: Bodily Injury Liability and Property Damage Liability. Here’s what you should know about each:

  • Bodily Injury Liability covers harm to another driver or pedestrian. It helps to pay medical bills as well as other costs related to pain and suffering. In the state of New Jersey, drivers are required to purchase $15,000 worth of coverage per injured person, with a maximum payout of $30,000 per accident.
  • Property Damage Liability protects the property of others. This includes the vehicles of drivers involved in the accident, but it may also include any other sort of property that was impacted by the collision. In New Jersey, you need to have at least $5,000 worth of property damage coverage.

How Much Coverage Should You Have?

Liability insurance is a legal requirement in New Jersey, as it is in most states. If you want to go above and beyond the minimum coverage limits, you’re more than welcome to do so. However, those who want to go above and beyond should expect to find a different answer to the question, “How much does liability insurance cost?”

If you choose to pay a higher liability insurance policy cost, you’ll be better protected in the event that you cause an accident. The more coverage you purchase, the lower the risk that you’ll have to pay out of pocket.

Learn More About Financing and Insurance with Land Rover Monmouth!

Need more help calculating your month-to-month costs? Take advantage of our payment calculator to get a better idea of what you’ll be spending.

Still preparing for your purchase? Find out how to finance a car the right way or learn more about options for drivers with no credit and bad credit! No matter where you’re coming from, Land Rover Monmouth has the tools to help you move forward.

Learn More with Land Rover Monmouth

  • 2020 Land Rover Discovery Towing Capacity

    How much can a Land Rover Discovery tow? It makes sense that Rumson drivers would ask this question when they’re looking for a dependable luxury SUV, and the Discovery does not disappoint! In fact, we think the 2020 Land Rover Discovery towing capacity will thrill any driver who loves outdoor driving fun. Here’s what you…

  • Redefining Luxury in the 2020 Land Rover Defender Interior

    For those who will settle for nothing less than a comfortable and refined atmosphere in their Rumson SUV, the 2020 Land Rover Defender interior sets the bar. With a design that pairs a modern finish with a classic homage to its storied history, the new Defender has surpassed all expectations of a luxury SUV.  Choose…

  • Step Into the 2020 Land Rover Range Rover Interior

    You drive with Land Rover because you want to enjoy the best of the best in the world of luxury SUVs. And if you’re considering the best of the best, you’ll find it next-to-impossible to pass over the 2020 Land Rover Range Rover interior in silence. After all, the Range Rover capacity provides ample space…

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

(877) 672-8810

Call Now

807 NJ-35 • Ocean, NJ 07712

Get Directions

Today's Hours:

DaysHoursMinsSecs
: : :
Until the Grand Opening of our new store! Shop Specials

Land Rover Monmouth

807 NJ-35 Ocean, NJ

Phone: (877) 672-8810

http://maps.google.com/?q=807%20Highway%2035%2C%20Ocean%2C%20NJ%2007712

Parts

Phone: (877) 673-7980

807 NJ-35 Ocean, NJ

Sales

Phone: (877) 672-8810

807 NJ-35 Ocean, NJ

Service

Phone: (877) 673-7122

807 NJ-35 Ocean, NJ
39.9174056 -74.0794598
Land Rover Monmouth 39.9174056, -74.0794598.