Every vehicle requires its own level of liability insurance depending on what state you are located in. It is important to know what your state's auto insurance requirements are so that you have an idea of what you would have to pay in your insurance premium. The cost. Liability insurance is cheaper than full coverage insurance that also includes damages from theft, natural disaster, and vandalism.
http://www.streetdirectory.com/travel_guide/154118/auto_insurance/what_does_liability_mean_on_your_car_insurance.html
If you cause an accident, your liability insurance will cover property damage claims resulting from the accident up to the limits of your policy. Property damage includes damage to the other vehicle, as well as damage to other property such as buildings and telephone poles that might be damaged in the accident.
https://www.safeauto.com/car-insurance/liability-coverage
Full coverage insurance includes liability insurance, but also includes collision coverage and comprehensive coverage. Comprehensive coverage will protect you when anything happens to your vehicle from no wrong doing or fault of your own. For example, if a tree were to fall on your parked car you would be covered.
http://www.autoinsurancecenter.com/full-coverage-vs.-liability-only.htm
Liability insurance covers bodily injury and property damage claims resulting from an accident that is primarily your fault. The limits in your policy are the maximum amounts your insurance company will pay for bodily injury and property damage claims. They are typically expressed as three amounts separated by slashes.
https://www.safeauto.com/car-insurance/liability-coverage
In many states, if your car insurance policy has only liability coverage and you cause an accident, costs related to your injuries or damage to your car will not be covered.
https://www.safeauto.com/car-insurance/liability-coverage
Car Insurance: Liability Coverage. Liability insurance protects you against the claims of other drivers for their injuries or damage to their vehicles in the event that you cause an accident, up to the limits of liability in your policy.
https://www.safeauto.com/car-insurance/liability-coverage
Full Coverage vs. Liability-Only. Having your vehicle insured is a must, not only because it is the law, but also because it protects you and others should an accident occur. Carrying liability insurance coverage on your vehicle is the minimum insurance required by law, with full coverage being optional.
http://www.autoinsurancecenter.com/full-coverage-vs.-liability-only.htm
In this case, 50/100/25 means that the insurance will pay for the bodily injury of an individual in an amount up to $50,000, will pay for the bodily injury costs on everyone in a vehicle in an amount up to $100,000, and will pay property damage costs up to $25,000.
http://www.streetdirectory.com/travel_guide/154118/auto_insurance/what_does_liability_mean_on_your_car_insurance.html
Collision coverage protects your vehicle should you get involved in an accident. This type of insurance is usually required by finance companies if you are still paying off your vehicle because it protects the finance company.
http://www.autoinsurancecenter.com/full-coverage-vs.-liability-only.htm
Liability insurance is very important and most state auto insurance laws require that an individual maintain at least liability insurance on their automobile. What it does is protect you against costs that are associated with the damage and injury of another in an automobile accident in which you may be deemed at fault.
http://www.streetdirectory.com/travel_guide/154118/auto_insurance/what_does_liability_mean_on_your_car_insurance.html
what does it mean to have liability insurance only
When the costs related to your injuries or damage to your car will not be covered, it means you have liability insurance only.