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The cheapest companies for full coverage car insurance

According to The Zebra's analysis, the following insurance companies offered the cheapest rates for policies with full coverage added.

Nationwide full coverage
Nationwide

Nationwide full coverage averages $90 per month for comprehensive and collision coverages.

GEICO full coverage
GEICO

GEICO full coverage averages $93 per month for comprehensive and collision coverages.

Progressive full coverage
Progressive

Progressive full coverage comes in slightly higher at $104 per month, on average.


How to find the best cheap full coverage car insurance

While Nationwideand GEICO were the cheapest according to our rate analysis, many other companies offered affordable full coverage. To get a sense of where to start your search, review the cheapest full coverage auto insurance companies.

FULL COVERAGE INSURANCE RATES
Insurance CompanyMonthly Full Coverage Premium
Allstate$169
American Family$116
Farmers$131
GEICO$93
Liberty Mutual$143
Nationwide$90
Progressive$104
State Farm$107
Travelers$114
USAA$106

 

Methodology

Methodology

To find the cheapest insurance company for full coverage, we created a sample driver profile and gathered car insurance rates from every ZIP code in the U.S. We used two coverage levels — liability-only coverage (50/100/50 coverage limits) and full coverage (50/100/50 liability limits with $500 deductibles).

Because we used a standardized profile to determine these rates, they may not match your unique driving profile. Rates vary depending on a number of factors such as vehicle type, driving history, and the state you live in.


How much does full coverage car insurance cost?

The average cost of full coverage auto insurance is $124 per month (with liability coverage limits of 50/100/50), which is exactly what the nationwide average is in the United States.

In general, upgrading from a liability-only policy to a full coverage policy — with $500 collision and comprehensive deductibles — will however increase the typical driver's monthly auto insurance premium by about $68.

Insurance Coverage Level

Avg 6-Month Premium

Liability-only

$56

Full coverage

$124

Full coverage cost

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What is full coverage car insurance?

While the phrase is common in the insurance industry, there's actually no definition for full coverage insurance. Unlike liability coverage (which covers bodily injury and property damage that you cause), full coverage also provides physical protection for your car.

When looking for full coverage auto insurance quotes, remember that the term full coverage refers to the combination of two types of physical damage coverage:

These coverage options, when paired with state-mandated liability coverage, comprise a full coverage car insurance policy.

Check out The Zebra's video on full coverage car insurance to learn more.

Collision insurance coverage basics

Collision coverage insures against damages sustained by a vehicle in a collision. Below are common scenarios in which collision claims are filed:

  • Rear-ending someone
  • Running into a fixed, inanimate object
  • Damage to your car via a hit-and-run*

*If you have uninsured motorist coverage on your policy, you can use the property damage portion of this coverage rather than collision. We recommend you carry uninsured/underinsured motorist coverage to cover collisions involving uninsured drivers.

Collision coverage includes a deductible — the amount owed by the insured. The remaining balance of the claim is covered by the car insurance company. The amount of the deductible is variable, with most deductibles falling between $500 and $1,000.

As far as collision coverage is concerned, coverage will apply regardless of fault. Most collision claims are seen as at-fault accidents. This is why using your collision coverage will cause your insurance premium to increase. Because insurance companies consider collision claims and at-fault accidents as very similar events, insurers tend to raise drivers' premiums after a collision claim of any kind. This rate penalty can last as long as three years.

6-Month Increase

12-Month Increase

36-Month Increase

$329

$658

$1,974

 

Comprehensive insurance coverage basics

Another facet of full coverage car insurance is comprehensive insurance. Comprehensive coverage, sometimes known as “other than collision” (OTC), covers non-collision-related insurance claims. The list of qualifying circumstances is lengthy.

Comprehensive coverage covers damages resulting from:

Deductibles also apply to comprehensive auto coverage. However, because many auto insurance companies don't see comprehensive claims as the result of driver error, rates typically don't undergo much of a hike after a comprehensive claim — typically about $66 a year.


What doesn't full coverage car insurance cover?

While "full coverage" may sound like it covers you in every situation, that's simply not the case. Full coverage only includes collision and comprehensive coverages. Below you'll find a selection of other types of car insurance that are typically available from most insurers. Some coverages — such as PIP in no-fault states — may be required depending on your state's insurance laws.

Below are incidents that full coverage auto insurance does not cover:

How to get gap insurance

Gap insurance covers the difference between what your totaled vehicle is worth and what you still owe on a loan. It is a particularly helpful coverage if your vehicle is new or especially valuable. In order to carry gap coverage, you need collision and comprehensive. Gap coverage can be a part of your lease agreement if you’re leasing a vehicle. Make sure your insurance covers this.


Is full coverage auto insurance required?

Unlike liability coverage, full coverage is not legally required by states. However, there are situations when full coverage auto insurance is recommended or — in some cases — required, as you'll find listed below.

Full coverage requirements for a leased or financed vehicle

Full coverage is required for drivers of financed or leased vehicles. With a lease, the driver does not own the vehicle outright and doesn't have the option of forgoing full protection. If a driver has a loan on a vehicle, they must ensure it’s protected to the lender's specifications. Drivers financing a vehicle who forgo full coverage can find themselves at odds with their lender, who can add "force place" or "collateral protection" insurance to loan payments to protect their investment.

Full coverage insurance is recommended when:

  • A vehicle is leased or financed
  • A vehicle is worth more than $4,000
  • A vehicle will be eventually resold

Full coverage requirements for a vehicle worth more than $4,000

If a vehicle is worth more than $4,000, insurance experts advise purchasing full coverage insurance. Determine the value of your vehicle by using the Kelley Blue Book or NADA online.

 

Full coverage recommendations for vehicle resale

If the vehicle will be resold in the future, full coverage insurance is a wise investment. If the vehicle were totaled — either in a collision or in adverse weather — the insured party would have no recourse.

Consider whether drivers included on the insurance policy might be considered more likely than usual to damage the vehicle. Although age does not always equate to driving skills, young drivers and teens can sometimes necessitate the addition of collision coverage. Because of young drivers' propensity for risky driving, car insurance companies charge them nearly twice as much as the average client.

Full-coverage protection is intended to protect a car. If the vehicle isn’t worth much, full coverage might be a waste of money.


Full coverage insurance vs. state-minimum insurance — which is better?

Full coverage offers extra coverage — but it costs more. If you don't need comprehensive coverage, it might be worth considering basic state-minimum liability coverage. Let's dig into the differences.

 

For leased and financed vehicles: full coverage is required

You will be required to carry “full coverage” car insurance if you’re financing your vehicle. Since another entity — usually a bank or auto dealership — maintains an interest in the vehicle, they get to decide how the car is insured. Auto leasing and financing companies generally require collision and comprehensive coverage with low deductibles.

If you lease your car, you don't own the vehicle outright and you will be required to carry additional auto insurance coverage to protect the asset. This often includes collision, comprehensive, and gap insurance.

For owned vehicles: full coverage is optional

If you own your vehicle, you have complete control over your insurance. If you’re unsure of what coverage to select, consider your vehicle's value. Use an estimator like the Kelley Blue Book to assess the value of your vehicle and determine how much coverage you need.

If your vehicle is worth more than $4,000, collision and comprehensive coverage are recommended. Without physical damage coverage, you would not receive compensation if your vehicle were severely damaged or totaled.


Which is more expensive: full coverage vs. basic liability auto insurance?

If you opt to boost your coverage from the minimum amount to add collision and comprehensive insurance, expect to pay over double what you were paying for just the state-required minimum amount of liability insurance.

This disparity in pricing is less apparent if you already carry comp and collision coverage. Whether you have a $500 or $1,000 deductible, the difference in premium between coverage levels maxes out at about 28%.

Average Premiums by Coverage Level.png

Insurance rate comparison

If you're looking to save the most on full coverage, consider lowering your liability limits to your state's minimum required amount to offset the cost of comp and collision. Nationwide was the cheapest insurance company for this level of coverage, with GEICO second. These values are estimates. Keep in mind: your location, vehicle, age and driving record will impact your car insurance rate.

MONTHLY RATES BY INSURANCE COMPANY — FULL COVERAGE VS. STATE MINIMUM COVERAGE
CompanyFull CoverageLiability-only
Allstate$169$63
American Family$116$52
Farmers$131$47
GEICO$93$38
Liberty Mutual$143$52
Nationwide$90$37
Progressive$104$43
State Farm$107$41
Travelers$114$46
USAA$106$38

State-by-state cost analysis

Below are average monthly premiums for basic liability coverage versus full coverage.

In this instance, full coverage refers to 50/100/50 liability limits and comprehensive and collision deductibles at $500 each — a fairly typical coverage level in the U.S.

RATES BY STATE — FULL COVERAGE VS. STATE MINIMUM COVERAGE
StateState Minimum LiabilityFull Coverage
Alaska$40$116
Alabama$40$108
Arkansas$49$141
Arizona$55$118
California$52$151
Colorado$53$141
Connecticut$60$128
Washington, D.C.$53$118
Delaware$72$134
Florida$89$193
Georgia$64$128
Hawaii$35$90
Iowa$25$95
Idaho$33$104
Illinois$39$107
Indiana$36$99
Kansas$41$133
Kentucky$64$154
Louisiana$80$192
Massachusetts$44$108
Maryland$55$119
Maine$37$91
Michigan$102$211
Minnesota$49$116
Missouri$49$140
Mississippi$47$125
Montana$38$129
North Carolina$33$84
North Dakota$31$110
Nebraska$34$126
New Hampshire$30$80
New Jersey$61$125
New Mexico$42$106
Nevada$72$145
New York$69$141
Ohio$29$77
Oklahoma$49$128
Oregon$53$111
Pennsylvania$37$111
Rhode Island$75$156
South Carolina$53$122
South Dakota$26$120
Tennessee$33$104
Texas$47$124
Utah$53$109
Virginia$32$86
Vermont$27$88
Washington$49$100
Wisconsin$30$90
West Virginia$46$119
Wyoming$27$121

 

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Full coverage insurance FAQs

What does full coverage insurance cover?

Full coverage usually refers to the combination of collision and comprehensive coverage, both of which protect your vehicle from physical damage. Collision covers your car in the event you collide with another object or vehicle, while comprehensive basically takes care of damage other than collisions, such as a hailstorm.

How much does full coverage insurance cost?

Among major insurance companies, the average cost for a six-month full coverage auto insurance policy is $741, which equals about $124 per month. However, the cost of the auto insurance quotes you receive depends on a number of factors, including your driving history, age, credit score, home address and insurance provider.

Which insurance companies offer cheap full coverage insurance?

Among major U.S. car insurance companies, the cheapest average rates for full coverage come from Nationwide ($90/month) GEICO ($93/month), and Progressive ($104/month).

Is full coverage auto insurance mandatory?

Full coverage might be required if you are financing your vehicle. It is also a good idea if the insured vehicle is worth a significant amount of money (usually any amount over $4,000). If the vehicle will be resold, full coverage is a good way to keep the vehicle protected in the meantime.

Protect your car with the right coverage at the best value.

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Recent Questions:

Can I add full coverage later if I only have liability

I have never heard of an insurance company that wouldn't allow you to change your coverage options mid-term - especially if you're adding coverage. You should be good to go! If you're looking for more information regarding full coverage, deductibles, and what other options you have, see our articles below.
Jun 8, 2018 New Iberia, LA

Should I get gap insurance or is full coverage enough?

Gap insurance is designed to work with your comprehensiveand collisioncoverage, not as a substitute. Basically, gap insurance will kick in if you total your vehicle and the amount you paid out by your insurance company isn't enough to cover the value of the loan.
May 12, 2018 Detroit, MI

Does full coverage insure uhaul rental

While it can vary based on your policy, your insurance company, and the weight of your U-Haul, many insurance policies do extend to rental vehicles. Again, while it can vary by policy, my experience is that if the towing capacity of your rental is less than 1-ton of less, your car insurance coverage will extend to your u-haul.
May 6, 2018 Atlanta, GA

How do i get full coverage insurance with no car?

In this situation, you do not need to get the insurance first before you buy the car - you will do them at the same time. I would find a vehicle you are interested in and start shopping for quotes on that vehicle so you can get an idea of how much it will cost.
Jun 22, 2018 Cleveland, OH

Ross Martin
Ross MartinManager, Content Quality

As a licensed insurance agent, Ross researches and writes insurance content intended to help users make informed decisions.

Ross's background is in writing and education. He holds a master's degree from Royal Holloway, University of London.

Ross's work has been cited by The New York Times, Investopedia, The Simple DollarThe BalanceCar and Driver and Fox Business. He has been quoted by CNET, I Drive Safely and Kin Insurance

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.

  • The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.

  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.

  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.