How to find the best cheap full coverage car insurance

Full coverage typically refers to the combination of collision and comprehensive coverages. These coverage options, when paired with state-mandated liability coverage (which covers bodily injury liability and property damage liability), comprise a full coverage car insurance policy.

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). 

The cheapest companies for full coverage car insurance are Nationwide and GEICO.

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

 

Below we'll review some ways to find cheap full coverage car insurance.

 


 

Full coverage car insurance — table of contents:

  1. Full coverage insurance rates
  2. Full coverage car insurance defined
  3. What does full coverage not cover?
  4. When is full coverage necessary?
  5. Full coverage vs. state minimum liability coverage
  6. FAQs

 


 

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).

Upgrading from a liability-only policy to a full coverage policy — with $500 collision and comprehensive deductibles — increases the typical driver's monthly auto insurance premium by about $68.

Insurance Coverage Level

6-Month Premium

Liability-only

$56

Full coverage

$124

Bear in mind, this data is based on a sample driver profile: a single 30-year-old man driving a Honda Accord.

If you want car insurance quotes based on your driving profile, enter your ZIP code below. 

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What does full coverage car insurance cover?

Full coverage insurance comprises comprehensive and collision coverage. Unlike liability coverage (which coversbodily injuryand property damage that you cause), these coverages add physical protection for your car.

Here’s what full coverage auto insurance covers:

  • Collision coverage: Protects your vehicle if you collide with another object.
  • Comprehensive insurance: Protects your vehicle from non-driving-related incidents.
     

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 carryuninsured/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?

Insurance agents commonly refer to the combination of collision, comprehensive and liability coverages as “full coverage." If you’re looking for additional coverage, you might be out of luck.

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

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?

You need full coverage for the following reasons:

  • If you are leasing or financing your vehicle
  • If your vehicle is worth more than $4,000
  • If you plan on reselling your vehicle

 

Full coverage requirements for a leased or financed vehicle

You need full coverage if you have a financed or leased vehicle. With a lease, you do not own the vehicle and don't have the option of forgoing full protection. If you have a loan on a vehicle, you must ensure it’s protected to the lender's specifications.

 

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

If your vehicle is worth more than $4,000, most 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 you plan on reselling your vehicle in the future, make sure you have full coverage insurance. If your vehicle were totaled — either in a collision or due to adverse weather — you would have no insurance options for your investment.

Consider if you have drivers included on your insurance policy that might be considered more likely 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 your car. If your vehicle isn’t worth much, full coverage might be a waste of money.

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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 — full coverage vs. state minimum liability insurance

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. GEICO was the cheapest insurance company for this level of coverage, with Nationwide 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$161$63
American Family$113$52
Farmers$125$47
GEICO$84$38
Liberty Mutual$137$52
Nationwide$95$37
Progressive$98$43
State Farm$100$41
Travelers$109$46
USAA$101$38

 

State minimum insurance vs. full coverage: 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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Cheapest insurance companies for full coverage by state

From the data above, you can see that where you live is an important factor in what you pay for auto insurance. In the table below, we've gathered and analyzed rates from top insurance companies to see which insurers offer the cheapest full coverage in each U.S. state.

RATES BY STATE — CHEAPEST FULL COVERAGE BY INSURANCE PROVIDER
StateInsurance CompanyMonthly Premium
AlaskaGEICO$88
AlabamaUSAA$82
ArkansasState Farm$103
ArizonaGEICO$55
CaliforniaProgressive$95
ColoradoGEICO$72
ConnecticutGEICO$90
Washington, D.C.USAA$96
DelawareUSAA$96
FloridaState Farm$12
GeorgiaAuto-Owners$93
HawaiiGEICO$81
IowaGEICO$67
IdahoState Farm$71
IllinoisGEICO$72
IndianaState Farm$72
KansasIowa Farm Bureau$107
KentuckyGEICO$83
LouisianaSouthern Farm Bureau$118
MassachusettsGEICO$86
MarylandGEICO$82
MaineConcord$57
MichiganProgressive$115
MinnesotaGEICO$92
MissouriState Farm$108
MississippiGEICO$83
MontanaState Farm$97
North CarolinaNorth Carolina Farm Bureau$66
North DakotaProgressive$86
NebraskaIowa Farm Bureau$108
New HampshireGEICO$59
New JerseyProgressive$107
New MexicoUSAA$77
NevadaGEICO$85
New YorkProgressive$70
OhioNationwide$60
OklahomaGEICO$87
OregonCountry$86
PennsylvaniaGEICO$74
Rhode IslandTravelers$111
South CarolinaTravelers$111
South DakotaState Farm$105
TennesseeUSAA$71
TexasState Farm$93
UtahBear River$50
VirginiaUSAA$70
VermontConcord$71
WashingtonUSAA$75
WisconsinGEICO$43
West VirginiaErie$97
WyomingUSAA$82

 

 

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 ($541), GEICO ($562), and Progressive ($627).

Is full coverage auto insurance mandatory?

Full coverage might be required if you are financing your vehicle. It is also a good idea to have if your vehicle is worth a significant amount of money, usually any amount over $4,000. If you plan on reselling your vehicle, you will want it to be in good shape. Full coverage is a good way to keep your vehicle protected.

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

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Recent Questions:
Ross Martin
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As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to insurance. He has a background in writing and education, as well as a master's degree from Royal Holloway, University of London. He has been quoted by CNET, iDriveSafely.com and Kin Insurance.