It’s important to understand the language in a car accident release of liability form, as it can result in you permanently waiving some, if not all, of your claims to compensation.

With liability-only auto insurance, you would need to pay out-of-pocket to fix your own car or pay medical bills. Sometimes liability coverage is referred to as minimum coverage.

The average cost of a liability car insurance policy is $646 per year (about $54 per month), based on our analysis of rates from the top car insurance companies in the nation.