When you purchase a pre-owned vehicle, you will need to make sure you insure it before you are able to drive it off the dealership lot. However, depending on what price you paid for it, you may not want to insure it with full coverage. You might, instead, just want to take out the minimum amount of coverage to ensure you can drive it legally.

With that, you may find it best to purchase a liability-only policy for your car. You can benefit from what liability insurance can offer to drivers of used vehicles like yours.

Legal Requirements

Liability insurance meets the minimum legal requirements that most states have for insuring vehicles. You might be required to have at least a liability insurance policy on your vehicle before you drive it. If you were to get pulled over for a traffic violation or accident, you can show that you have the legal minimum required policy on your vehicle.

With this policy in place, you may avoid getting ticketed for not having the right amount of coverage on your car. You will meet the legal requirements for driving in your state.

Protection for Other Drivers

Liability insurance also protects other motorists on the road with you while you are driving. If you were to cause an accident, you would be liable for the expenses of other parties who were also involved. When you have liability insurance in place, you can meet those expenses. The other involved parties can file claims against your liability insurance policy and have their repair, medical, and other costs covered for them.

If you were not to have this coverage in place, you would have to pay for those expenses out of your own pocket. The other motorists and involved parties would have legal cause to sue you in court and possibly have your wages and assets garnished or levied.

Lower Cost

Finally, liability insurance tends to cost less than full coverage insurance. When you need to insure your vehicle on a tighter budget, you may save money on buying liability insurance rather than a full coverage policy. You can insure your vehicle legally and have the protection in place without overspending the money you have available for a new policy.

Liability insurance can benefit you when you have purchased a used vehicle. You meet the minimum legal requirement for driving in your state. You also provide a policy that other involved parties can use to cover their expenses. This type of insurance may also cost you significantly less than full coverage.

Contact a liability insurance program near you to learn more.