This is kind of long, so get ready.
I have had enough…read moreof Liberty Insurance lying to you. When I reached out to them, as my current car insurance was up for renewal, I found out what their game is. Sure, you can save $700 or more, but only if you strip down all coverages except the state minimum of liability insurance, which is 25,000/50,000/10,000--which are limits of $25,000 per person, $50,000 per accident and $10,000 property damage. This only applies if you own your own vehicle, Sure, you can pay $87 a month but if your car gets in an accident, you don't have body repair (collision) coverage. If your car is stolen, vandalized or the glass gets broken, then you have to pay for it out of pocket.
If you do not own your car, e.g., you bought it through a finance company, then car insurance companies have limits on what you can take off your policy. And if you do, Liberty after a brief time will automatically put them back on without your permission through their OWN insurance company, which is more expensive, thus you will end up paying more than if you left the coverages on your own. How does Liberty (or other insurance companies) know if you took off coverages to save money? Because the lien holder will report that to your insurance company. This means if you are still making payments on your car, and you don't have the title, you have very little chance of saving money on your car insurance. Poor chance, or none.
So don't let Liberty (or any other insurance company) fool you. Yeah, choose only the coverage you need. This only applies, again, if you have the title and physically own your car. Yeah, then you can strip down to the bare minimum for the policy, which is liability, but you won't have coverage anywhere else. If your insurance company or Liberty lets you take comprehensive insurance with a $100 deductible WITHOUT attaching collision, then take it. The small addition can save you thousands if your car is stolen or vandalized. This is true with ANY insurance company.
And whatever you do, do NOT remove mortgage insurance, if that is even possible, because that covers the loan balance and not just the car's value.
Drive friendly!