What is auto liability insurance?
The Bankrate.com financial term of the day is: "auto liability insurance."
What if you're in a serious crash -- and it's your fault? Your auto liability insurance helps you face the financial responsibility for any damage or injuries you've caused. When you buy car insurance, liability is one of the major categories of coverage. A policy will have limits on the amounts it will pay for bodily injuries per person, for total bodily injuries per accident, and for property damage per accident. Your state will require you to carry a certain amount of liability coverage.
Auto liability insurance is there to protect your bank account when you're to blame for a serious accident.
To shop for insurance to fit your needs, visit the Insurance section at Bankrate.com.