How to find the best cheap full coverage car insurance for you

The average cost of full coverage auto insurance with liability coverage limits at 50/100/50 is $741 per six-month policy, or $124 a month. While the term “full coverage" isn't officially approved by the insurance industry, most insurance agents still use "full coverage" to refer 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.

In order to find the cheapest insurance company for full coverage auto insurance, 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 average auto insurance rate for the top insurance companies in the U.S. is $707 for a six-month policy — or $118 per month.

Insurance Provider
Liability Only
Full Coverage 
Allstate
$430
$1,019
American Family$331$700
Farmers
$319
$788
GEICO
$285
$562
Liberty Mutual$356$863
Nationwide
$235
$541
Progressive
$298
$627
State Farm
$296
$646
Travelers$309$684
USAA
$259
$636

On average, your insurance rate will more than double per six-month policy when you upgrade to full coverage, with Allstate levying the largest rate hike. The best options for cheap full coverage car insurance are Nationwide and GEICO.

Let’s outline some ways to find cheap full coverage car insurance.

 

Full coverage car insurance — table of contents:

  1. Cheap full coverage insurance
  2. What is full coverage car insurance?
  3. When is full coverage necessary?
  4. Full coverage vs. state minimum liability coverage
  5. What are the cheapest insurance companies by state for full coverage?
  6. FAQs
  7. Additional resources

 

How much does full coverage car insurance cost?

Upgrading from a liability-only policy to a full coverage policy — with $500 collision and comprehensive deductibles — increases the typical driver's six-month auto insurance premium by more than $400, or 119%.

Insurance Coverage Level

6-Month Premium

50/100/50 Liability Only

$338

50/100/50 with 500 Comp-Coll

$741

Bear in mind, this data is based on a single 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 is full coverage insurance?

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 is covered by full coverage auto insurance:

  • 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 an at-fault accident. 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 isn’t covered by full coverage insurance?

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 left empty-handed.

Below are events not typically covered by the full coverage combination of coverages:

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.

 

Do I need full coverage car insurance?

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 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 for a vehicle worth more than $4,000

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

 

Full coverage if I want to resell my vehicle

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 car insurance vs. state minimum 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 company 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. Your location, vehicle, age and driving record will impact your car insurance rate.

6-MONTH RATES BY INSURANCE COMPANY — FULL COVERAGE VS. STATE MINIMUM COVERAGE
CompanyFull Coverage w/ State Minimum LiabilityState Minimum Liability Only 
Allstate$968$378
American Family$683$314
Farmers$754$285
GEICO$509$232
Liberty Mutual$827$315
Nationwide$570$223
Progressive$588$258
State Farm$600$250
Travelers$655$280
USAA$609$233

 

State minimum vs. full coverage: state-by-state cost analysis

Each state has its own liability laws. Below are average six-month premiums for each state's minimum liability limit versus a "full coverage" policy. 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 Liability% and $ DifferenceFull Coverage
Alaska$241189% or $457$698
Alabama$244166% or $405$648
Arkansas$295188% or $555$851
Arizona$334112% or $373$708
California$315189% or $596$911
Colorado$318167% or $531$849
Connecticut$360114% or $411$771
Washington, D.C.$319124% or $394$713
Delaware$43685% or $371$808
Florida$539116% or $623$1,162
Georgia$327136% or $443$769
Hawaii$211156% or $329$540
Iowa$150283% or $425$575
Idaho$199215% or $429$628
Illinois$238170% or $404$642
Indiana$221169% or $374$594
Kansas$248222% or $552$800
Kentucky$388138% or $536$925
Louisiana$483138% or $669$1,152
Massachusetts$266145% or $385$651
Maryland$333115% or $385$718
Maine$224146% or $326$550
Michigan$613107% or $655$1,267
Minnesota$299134% or $400$699
Missouri$298183% or $545$844
Mississippi$283165% or $468$751
Montana$230237% or $544$775
North Carolina$201152% or $305$505
North Dakota$190248% or $471$661
Nebraska$206269% or $554$760
New Hampshire$185160% or $296$480
New Jersey$371102% or $380$751
New Mexico$252153% or $385$637
Nevada$437100% or $435$872
New York$417103% or $429$846
Ohio$174166% or $289$463
Oklahoma$296161% or $477$773
Oregon$320108% or $346$666
Pennsylvania$226197% or $444$669
Rhode Island$451108% or $486$937
South Carolina$323127% or $410$733
South Dakota$158356% or $562$720
Tennessee$199215% or $429$629
Texas$286162% or $463$749
Utah$320105% or $336$657
Virginia$197161% or $316$513
Vermont$166218% or $362$528
Washington$295105% or $309$604
Wisconsin$181198% or $359$540
West Virginia$276159% or $439$715
Wyoming$167338% or $564$730

 

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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 Company6-Month Premium
AlaskaGEICO$533
AlabamaUSAA$497
ArkansasState Farm$617
ArizonaGEICO$332
CaliforniaProgressive$570
ColoradoGEICO$434
ConnecticutGEICO$541
Washington, D.C.USAA$578
DelawareUSAA$578
FloridaState Farm$767
GeorgiaAuto-Owners$561
HawaiiGEICO$488
IowaGEICO$402
IdahoState Farm$429
IllinoisGEICO$433
IndianaState Farm$437
KansasIowa Farm Bureau$645
KentuckyGEICO$501
LouisianaSouthern Farm Bureau$712
MassachusettsGEICO$518
MarylandGEICO$494
MaineConcord$343
MichiganProgressive$691
MinnesotaGEICO$554
MissouriState Farm$652
MississippiGEICO$503
MontanaState Farm$584
North CarolinaNorth Carolina Farm Bureau$396
North DakotaProgressive$518
NebraskaIowa Farm Bureau$650
New HampshireGEICO$356
New JerseyProgressive$643
New MexicoUSAA$467
NevadaGEICO$512
New YorkProgressive$422
OhioNationwide$364
OklahomaGEICO$523
OregonCountry$519
PennsylvaniaGEICO$448
Rhode IslandTravelers$668
South CarolinaTravelers$671
South DakotaState Farm$632
TennesseeUSAA$426
TexasState Farm$558
UtahBear River$303
VirginiaUSAA$425
VermontConcord$428
WashingtonUSAA$455
WisconsinGEICO$263
West VirginiaErie$583
WyomingUSAA$493

 

 

Full coverage insurance FAQs

 

What is considered full coverage car insurance?

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).

Can I drop full coverage auto insurance?

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.

 

Additional resources

If you’re looking for more information on car insurance coverage types, exclusions and related topics, see our insurance resources:

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

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Recent Questions:

Full Coverage Car Insurance

Should I get full coverage from a less well-known insurer?

Whether or not the company is a "mainstream" provider doesn't mean that you would have a bad claims experience. There are several companies out there that have been around for several years and just don't advertise like other companies.

Ross Martin LinkedIn

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.