Services
Insurance
Loans
Repairs
Advice
About

"Should I drop my liability coverage if money's tight and I'm struggling to pay my bills? "

"I am a single mom working two jobs and I can hardly make ends meet. Right now, the coverage on my auto policy is 25/50/50.

I found out I can save about $20 per month if I drop the coverage to 15/30/10. I know it is a lot less coverage, but I could use the money. What should I do?"

avatar
Shannon Martin · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Times are hard for a lot of people right now, and I can understand that you may have to make a lot of hard choices. If you can avoid lowering the coverage of your auto policy, then you should.
Before changing your coverages, see if there are any discounts that are available for your policy. If you are carrying
comprehensive coverage
or
collision coverage
, see if the deductibles can be raised to a higher amount. This may save you more money than changing the
liability coverage
.
Having the lowest liability limits will put your financial future at risk. If you are at fault in an accident, any loss over your policy limits you will have to pay yourself.
If your insurance premium is still too high, you will want to shop for
car insurance online
and look for a new carrier.
Give the free
Jerry
app a try! Jerry can get the lowest quotes from over 40 carriers and will even help you switch companies. “
View full answer 
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

Join 4M+ members in lowering their car insurance

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies
Find insurance savings