The cheapest companies for full coverage car insurance
State Farm is the cheapest full coverage car insurance company that’s available in every state, with an average rate of $1,188 per year, or $99 per month.
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- Erie is slightly more expensive than State Farm at $101 per month. But it’s only available in 12 states.
- Farm Bureau is available in nearly every state, and a full coverage policy costs $134 per month.
- USAA has the cheapest full coverage quotes at $91 per month. But you’ll need to be an active military member, veteran or family member to qualify.
Cheap full coverage auto insurance quotes
Full coverage car insurance offers more protection at a higher price than liability-only car insurance.
A liability policy only covers injuries to others and damage to their car or property. Full coverage is more expensive because it includes liability coverage plus collision and comprehensive coverage. Comprehensive and collision coverage help pay for damage to your car in most types of accidents. Your lender usually requires full coverage if you have a car loan or lease.
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ValuePenguin gathered hundreds of thousands of quotes from all 50 states and Washington, D.C. Rates are based on a 30-year-old with a 2015 Honda Civic EX and a clean driving record.
The best companies for full coverage car insurance factor in low rates and strong customer service ratings. Full methodology
How much is full coverage car insurance by state?
Full coverage car insurance quotes can vary by more than $300 per month, depending on where you live. Michigan drivers pay the highest rates in the country at $399 per month for full coverage. The cheapest state is Vermont, where a policy costs only $92 per month.
Compare rates in your state
On average, full coverage policies are two and a half times more expensive than a minimum coverage policy.
Some states have a bigger cost gap between their minimum coverage policies and full coverage policies than others. South Dakota, Wyoming and North Dakota have the largest percentage increase in price when you buy full coverage instead of minimum coverage. New Jersey, Maryland and Oregon have the smallest percentage jump.
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The best car insurance companies for full coverage
The best car insurance companies for full coverage combine cheap quotes, reliable service and useful coverage options for newer cars.
The best full coverage car insurance companies
Best cheap full coverage car insurance overall: State Farm
State Farm is the cheapest insurance company available to almost all drivers across the country. At $99 per month, a full coverage policy from State Farm is $49 less per month than the national average.
State Farm is the largest car insurance company in the United States and has cheaper quotes on average than every other large company and many regional companies.
It also has a reputation for reliable customer service, with a low rate of customer complaints and high marks for claims satisfaction from J.D. Power.
The combination of affordable full coverage car insurance rates and strong customer experience makes State Farm a great company for drivers around the country.
Best local full coverage car insurance: Erie
Erie has some of the cheapest full coverage rates in the country, along with an excellent customer service reputation. Full coverage car insurance from Erie costs $101 per month, which is only $2 more per month than a policy from State Farm.
However, Erie is only available in 12 states, mostly in the Midwest and East Coast.
Where to get Erie car insurance
Best company for extra car insurance coverage: Travelers
Drivers needing extra coverage should consider buying full coverage car insurance from Travelers. The company offers many ways to personalize your policy by adding additional coverage that you won’t find with every company, like gap coverage and accident forgiveness.
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Accident forgiveness
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Gap insurance
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New car replacement
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Rental car coverage
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Rideshare coverage
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Roadside assistance
Travelers isn’t cheap, even before the cost of extra coverage. A full coverage policy from Travelers costs $146 per month. Although that’s $2 less per month than the national average, it’s $47 more than a policy from the cheapest company, State Farm.
Best cheap full coverage car insurance for military families: USAA
USAA is considered one of the best car insurance companies in the country based on its customer support and affordable quotes. At $91 per month, it has the cheapest full coverage policies and some of the country’s lowest complaint rates. J.D. Power’s Auto Claims Satisfaction Study consistently ranks USAA as the best company for customer satisfaction.
However, USAA only sells car insurance to military members, veterans and their families, so most drivers can’t buy a policy from USAA.
What is full coverage car insurance?
Full coverage auto insurance typically includes comprehensive and collision coverage, in addition to higher liability limits than the minimum required by your state.
Collision and comprehensive coverage protect your car against damage. Minimum liability coverage usually only offers protection for other drivers’ vehicles and their injuries after an accident you cause.
Comprehensive insurance covers damage to your car that’s not strictly related to driving.
- Weather, including hail or falling trees
- Vandalism or theft
- Hitting animals on the road, like a deer
Collision insurance covers damage to your car after a crash with another vehicle or structure, like a fence, mailbox or pole.
- Hitting another car
- Crashing into a pole, fence or other object
What else does a full coverage policy cover?
Depending on which state you live in, a full coverage policy typically also includes any other coverage if it’s required by your state, like uninsured motorist or personal injury protection.
- Uninsured motorist coverage: Pays for your injuries and property damage if another driver hits you and doesn’t have car insurance. This coverage is required in some states.
- Underinsured motorist coverage: Pays for expenses from an accident where an at-fault driver does have car insurance but their limits are not high enough to cover your costs.
- Personal injury protection (PIP): Pays your medical bills if you’re injured in a crash, regardless of who caused it. PIP may be required in “no-fault” states.
Is a full coverage policy worth it?
A full coverage insurance policy is two and a half times as expensive as a liability-only policy, so you’ll want to make sure the extra cost is worth it.
You should consider dropping your comprehensive and collision insurance when you can reasonably afford to replace your car.
This depends on your financial situation and comfort with risk. As a rule of thumb, you should consider dropping full coverage when the value of your car is between four and six times the cost to add comprehensive and collision coverage. That tends to be when your car is 8 to 12 years old or older and worth roughly $5,000 to $10,000 or less.
How to get cheap full coverage car insurance
- Shop around to see if you can find cheaper full coverage rates from a different insurance company.
- Reduce coverage you don’t need to lower your rates. You’ll get less protection, but the trade-off may be worth it, depending on your personal situation.
How to compare full coverage insurance quotes
The goal of comparison shopping is to find the same amount of protection for a lower price.
- Select consistent coverage limits. Choose the same liability insurance limits and coverage add-ons with each insurance company. That way, you’re making an apples-to-apples price comparison.
- Choose the same deductible for comprehensive and collision insurance. Increasing your deductible lowers the cost of your policy and can change the quotes you get.
- Get quotes from multiple companies. Different insurance companies tend to offer the same coverage for varying prices. The best and cheapest car insurance company for your neighbor may be different from the best one for you.
How to save on car insurance by reducing coverage
You can also lower your insurance rates by reducing your coverage.
- Skip comprehensive and collision insurance. In this case, you’ll no longer have a full coverage policy. But the savings can be worth it if you have an inexpensive car.
- Increase your deductible. If you increase your deductible, you’ll receive less money from your insurance company for a claim. In exchange, you’ll pay a lower rate. Choose a deductible you can afford to pay in an emergency.
- Lower limits for liability and other coverages. If you reduce your liability limits, you risk not having enough coverage to pay for the total costs after an expensive at-fault accident.
Frequently asked questions
How much is full coverage insurance?
Full coverage car insurance costs $148 per month, or $1,780 per year, on average. Some drivers can find rates as cheap as $99 per month from companies like State Farm.
Who has the cheapest full coverage insurance?
State Farm has the best widely available rates for full coverage auto insurance, at $99 per month. Drivers can also find cheap quotes from Erie, Auto-Owners, Farm Bureau and USAA.
What does full coverage car insurance cover?
Full coverage typically includes collision and comprehensive coverage, along with more liability coverage than your state’s minimum requirements. It may also include uninsured/underinsured motorist coverage and personal injury protection if it’s required in your state. But the definition of full coverage varies by company.
Do I need full coverage on a financed car?
Yes, most lenders require you to have a full coverage policy with collision and comprehensive if you have a car loan or lease. Once you pay off your loan, you’re free to decide if you still need a full coverage policy.
Does full coverage car insurance replace your car?
If you cause an accident, your collision coverage should cover the repair costs for your car or pay out the current value if it’s totaled. If another driver damages your car in an accident, the other driver’s liability coverage would pay for your repairs instead.
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