The Cheapest (and Best) Full Coverage Car Insurance of 2023
The Cheapest (and Best) Full Coverage Car Insurance of 2023
State Farm has the cheapest full coverage auto insurance for most drivers, at $99 per month on average.
Cheapest full coverage insurance companies
ValuePenguin gathered millions of quotes from every ZIP code in the US for a 30-year-old driver with a 2015 Honda Civic EX and a clean driving record.
The best companies for full coverage car insurance have affordable rates and good customer service scores. Full methodology
How to get cheap full coverage car insurance
State Farm, Erie and USAA have the cheapest full coverage car insurance quotes, around $100 per month.
Find the Cheapest Full Coverage Quotes in Your Area
Cheap full coverage car insurance
The average cost of full coverage car insurance is $148 per month, or $1,780 per year. That's more than twice the average price of liability-only car insurance because it includes liability, collision and comprehensive coverage.
Company | Monthly cost | |
|---|---|---|
| State Farm | $99 |
| Erie | $101 |
| Auto-Owners | $120 |
| Farm Bureau | $134 |
| Geico | $140 |
*Only current and former military members and their families are eligible for a USAA policy.
Is full coverage the best car insurance?
Full coverage is a good choice for most drivers, especially if you drive a newer or financed car.
A minimum liability policy only covers injuries to others and damage to their car or property. Full coverage costs twice as much 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 probably requires full coverage if you have a leased or financed car.
Best cheap car insurance for full coverage: State Farm
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Editor rating
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Full coverage
$99/mo ?
Why it's great
State Farm has affordable full coverage car insurance and a good customer experience. This makes it the best company for drivers around the country.
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. It also often has cheaper quotes than most other large companies and many regional companies.
It also has a reputation for reliable customer service. State Farm customers tend to have fewer complaints and are happy with the claims process, according to J.D. Power.
Cheapest local company for full coverage auto insurance: Erie
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Editor rating
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Full coverage
$101/mo ?
Why it's great
Erie has some of the cheapest full coverage rates in the country, along with an excellent customer service reputation.
While Erie is a good company, it's only available in 12 states, mostly in the East Coast and Midwest.
Cheapest full coverage insurance with perks: Travelers
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Editor rating
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Full coverage
$146/mo ?
Why it's great
Travelers offers many ways to personalize your policy. You can pay to add extra coverage that you won't find with every company, like gap coverage and accident forgiveness.
Drivers who need extra coverage should consider buying full coverage car insurance from Travelers.
- Accident forgiveness
- Gap insurance
- New car replacement
- Rental car coverage
- Rideshare coverage
- Roadside assistance
Travelers isn't cheap, even before the cost of extra coverage. A full coverage policy from Travelers costs $146 per month. That's $2 less per month than the national average. But it's $47 more than a policy from the cheapest company, State Farm.
Cheap full coverage car insurance for military families: USAA
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Editor rating
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Full coverage
$91/mo ?
Why it's great
USAA is one of the best car insurance companies in the country based on its customer support and affordable quotes.
At $91 per month, USAA has the cheapest full coverage policies. It also has some of the country’s lowest complaint rates. And it consistently ranks as the best company for customer satisfaction, according to J.D. Power.
However, USAA only sells car insurance to military members, veterans and their families. This means most drivers can’t buy a policy from USAA.
Cheapest full coverage car insurance by state
Full coverage car insurance quotes can vary by more than $300 per month, depending on where you live and which company you choose.
State Farm has the cheapest full coverage insurance in 34 states. Erie and Auto-Owners are the cheapest companies in 4 states.
Michigan drivers pay the highest rates in the country, at $399 per month for full coverage. The cheapest state is Vermont, where a full coverage policy costs only $92 per month.
Cheapest full coverage car insurance company by state
State | Cheapest company | Monthly rate |
|---|---|---|
| State Farm | $99 | |
| State Farm | $78 | |
| State Farm | $94 | |
| State Farm | $74 | |
| Geico | $109 |
How to compare cheap full coverage insurance
- Shop around to see if you can find cheaper full coverage quotes from a different company.
- Reduce coverage you don't need. You'll get less protection, but the trade-off may be worth it for you.
How to get full coverage insurance quotes
Comparison shopping helps you find which insurance company has the best rates for your situation.
- Compare 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 might offer the same coverage for different prices. You might find inexpensive full coverage rates from a different company than friends or neighbors.
How to save on full coverage car insurance
You can also lower your insurance rates by reducing your coverage.
- Increase your deductible. If you increase your deductible, you'll get less money from your insurance company for a claim, but you'll pay a lower monthly rate. Choose a deductible you can afford to pay in an emergency.
- Lower limits for liability and other coverage. Lower liability limits may not be enough coverage if you cause an expensive accident.
What's included with full coverage car insurance quotes?
Full coverage auto insurance includes collision and comprehensive coverage, adding more protection than minimum liability.
Full coverage has higher liability limits than the minimum required by your state. This protects you if you cause an expensive accident.
Full coverage also includes comprehensive and collision, which pay for damage to your car.
Comprehensive coverage
Comprehensive coverage covers damage to your car that's not strictly related to driving.
- Weather, including hail or storms
- Falling tree branch
- Hitting animals like deer on the road
- Broken window or slashed tires
Collision coverage
Collision coverage 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 or fence
- Driving over a big pot hole
- Hit-and-run
What else does a full coverage policy cover?
A full coverage policy also includes any other coverage your state requires. This includes uninsured motorist coverage or personal injury protection.
- Uninsured motorist coverage: Pays for your injuries and property damage if an uninsured driver hits you. This coverage is required in some states.
- Underinsured motorist coverage: Pays for your expenses if you're hit by a driver who doesn't have enough car insurance 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?
If your car is worth more than $5,000, it's usually worth it to have full coverage. It can help you avoid expensive repairs. Plus, you must have full coverage if you have a loan or lease.
Consider dropping your comprehensive and collision insurance when you can reasonably afford to replace your car. Your car insurance costs will drop. But you might need to replace your car out of pocket if you cause an accident that totals your car.
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 or USAA.
Which company is the cheapest option for full coverage?
State Farm is the cheapest widely available option 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 coverage for uninsured and underinsured motorists 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, lenders require full coverage policy with collision and comprehensive if you have a new 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?
Yes, a full coverage policy's collision coverage will pay to repair or replace your car with a similar one if you cause an accident, minus your deductible. If another driver causes the accident, their liability coverage will pay to repair or replace your car.
Methodology
We collected quotes from 50 states and Washington, D.C., for the top insurance companies in each state. Rates are for a 30-year-old male who drives a 2015 Honda Civic EX. He has good credit and a clean driving record. Quotes were averaged across all available ZIP codes in each state.
Full coverage limits are greater than any one state's minimum requirement and include uninsured and underinsured motorist bodily injury coverage. Comprehensive and collision insurance each had a $500 deductible.
- Bodily injury liability: $50,000 per person, $100,000 per accident
- Property damage liability: $25,000 per accident
- Uninsured and underinsured motorist bodily injury liability: $50,000 per person, $100,000 per accident
- Comprehensive and collision: $500 deductible
- Personal injury protection: Minimum when required by state
Minimum coverage rates represent the average cost of a policy that only meets a state's minimum requirements for auto insurance coverage.
The best car insurance companies for full coverage offered quotes in at least five states.
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only. Your own quotes may be different.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.