Delaney Simchuk, Car Insurance Writer
@delaney_simchuk
Yes, comprehensive insurance is cheaper than liability insurance – comprehensive insurance costs $162 per year on average, while liability costs an average of $716 per year. Getting comprehensive insurance alone can be difficult, though, as you typically need to buy a full coverage policy to get comprehensive coverage. Full coverage is more expensive than liability insurance because it includes comprehensive and collision insurance, as well as your state’s minimum coverage requirements.
Cost of Liability Insurance vs. Full Coverage by Company
| Insurer | Annual Cost of Liability Insurance | Annual Cost of Full Coverage |
| $506 | $1,680 | |
| $576 | $2,125 | |
| $633 | $2,004 | |
| $649 | $2,016 | |
| $691 | $2,388 | |
| $879 | $2,758 | |
| $919 | $2,616 | |
| $954 | $2,328 | |
| $1,005 | $2,987 | |
| $1,073 | $2,912 |
Note: Premiums are representative of a 45-year-old good driver in California; individual premiums will vary.
Comprehensive insurance covers damage to your vehicle caused by non-moving events, such as falling objects, fire, theft, or vandalism. Liability insurance covers other drivers’ medical expenses and property damage from an accident you caused.
If you plan on driving your vehicle, comprehensive insurance cannot replace liability insurance because liability insurance is required by almost every state while comprehensive coverage is not required by any states. Furthermore, comprehensive-only policies are not offered by every insurer and are only available for cars in long-term storage.
To learn more, check out WalletHub’s guides to liability insurance and comprehensive coverage.
People also ask
How much cheaper is liability than full coverage?
Liability insurance is 64% cheaper than full coverage, on average. Liability car insurance costs an average of $720 per year, while full coverage car insurance averages $1,997 per year, according to WalletHub data for 2021. The exact cost difference between liability and full coverage insurance depends on factors such as… read full answer
When should you have liability only insurance?
You should have liability-only insurance if the annual cost of full coverage exceeds 10% of your car’s value. At that point, the extra coverage might not be worth the added cost of paying for more than liability-only insurance. But this is just a general rule of thumb, and the decision… read full answer
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