{"id":2412,"date":"2023-04-05T04:33:00","date_gmt":"2023-04-05T11:33:00","guid":{"rendered":"https:\/\/business.laverne.edu\/news\/2023\/04\/05\/ask-professor-lee-is-liability-only-car-insurance-right-for-me\/"},"modified":"2023-05-12T09:58:26","modified_gmt":"2023-05-12T16:58:26","slug":"ask-professor-lee-is-liability-only-car-insurance-right-for-me","status":"publish","type":"post","link":"https:\/\/business.laverne.edu\/news\/2023\/04\/05\/ask-professor-lee-is-liability-only-car-insurance-right-for-me\/","title":{"rendered":"Ask Professor Lee: Is Liability-Only Car Insurance Right for Me?"},"content":{"rendered":"\r\n<p>Liability-only insurance only covers the damage you are responsible for causing to other people&#8217;s cars, property, medical bills, etc. Liability-only insurance does not pay to fix your car if you cause a crash (this is collision insurance). It does not pay to fix your car if a tree falls on it (this is comprehensive insurance).<\/p>\r\n\r\n\r\n\r\n<p>So why would anyone get liability-only insurance? It&#8217;s a lot less expensive. If your car is older and you own it outright (not currently making monthly payments on a loan or lease), liability-only insurance might be the right choice for you. If your car is damaged and it isn&#8217;t worth fixing, it may be better get a new car.<\/p>\r\n\r\n\r\n\r\n<p>Read more about liability-only car insurance on <strong><a href=\"https:\/\/www.moneygeek.com\/insurance\/auto\/cheapest-liability-only-car-insurance\/#expert=ryan-lee\" target=\"_blank\" rel=\"noreferrer noopener\">moneygeek.com<\/a>.<\/strong><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Liability-only insurance only covers the damage you are responsible for causing to other people&#8217;s cars, property, medical bills, etc. But it might be the right choice for you.<\/p>\n","protected":false},"author":28,"featured_media":2746,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[287,281,283],"tags":[],"class_list":["post-2412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-achievements","category-faculty-staff","category-in-the-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ask Professor Lee: Is Liability-Only Car Insurance Right for Me? | University of La Verne<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/business.laverne.edu\/news\/2023\/04\/05\/ask-professor-lee-is-liability-only-car-insurance-right-for-me\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ask Professor Lee: Is Liability-Only Car Insurance Right for Me?\" \/>\n<meta property=\"og:description\" content=\"Liability-only insurance only covers the damage you are responsible for causing to other people&#039;s cars, property, medical bills, etc. But it might be the right choice for you.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/business.laverne.edu\/news\/2023\/04\/05\/ask-professor-lee-is-liability-only-car-insurance-right-for-me\/\" \/>\n<meta property=\"og:site_name\" content=\"College of Business News\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-05T11:33:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-12T16:58:26+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/business.laverne.edu\/news\/wp-content\/uploads\/sites\/21\/2022\/04\/Dr.-Ryan-Lees-research-published-in-Journal-of-International-Economics.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Natalie Goss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Natalie Goss\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/business.laverne.edu\/news\/2023\/04\/05\/ask-professor-lee-is-liability-only-car-insurance-right-for-me\/\",\"url\":\"https:\/\/business.laverne.edu\/news\/2023\/04\/05\/ask-professor-lee-is-liability-only-car-insurance-right-for-me\/\",\"name\":\"Ask Professor Lee: Is Liability-Only Car Insurance Right for Me? 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