How Much Is The Full Coverage Insurance - Andrew Hurst Andrew Hurst Senior Author and Licensed Auto Insurance Specialist Andrew Hurst is a Senior Author and Licensed Auto Insurance Specialist. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin and Property Casualty 360. A veteran author and licensed auto insurance specialist. His work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders and AutoInsurance.com.
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How Much Is The Full Coverage Insurance
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Cheapest Full Coverage Car Insurance (march 2023)
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Finding cheap full coverage car insurance can be difficult (especially if you've been in an accident), but it's not impossible. We found GEICO to be the best affordable full coverage auto insurance for most drivers with a clean record, while State Farm is best for drivers with a recent accident.
Full coverage auto insurance refers to an auto insurance policy that includes comprehensive and collision coverage in addition to the liability coverage required in each state. A full coverage policy means that damage to your car caused by an accident, storm, animal or theft is covered by the insurance.
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We found the cheapest full coverage auto insurance by analyzing the rates provided by Quadrant Information Services. These rates were for every ZIP code in all 50 states and the District of Columbia.
Our data experts analyzed the combined premiums for a comprehensive coverage policy for 2017 Toyota Camry drivers aged 30, 35 and 45. The rates we analyzed are for policies with the following limits:
In some cases, additional coverages are included where required by the state or insurer. Some Service Providers may be represented by affiliated companies or affiliates. The rates provided are an example of insurance costs. Your actual quotes may vary.
Rating How we score: ' Ratings are determined by our faculty. Our method considers many factors, including price, financial considerations, quality of customer service, and other product-specific features.
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GEICO has the cheapest full coverage insurance in the country. It sells policies in every state and D.C., which is not as cheap as all other companies. GEICO receives fewer complaints than some competitors.
GEICO is the best company for affordable full coverage auto insurance. On average, we found that GEICO costs $99 per month, or $1,184 per year. That's $454 less per year than the average for full coverage. Here's one of our picks for the cheapest full coverage companies available in every state (and D.C.).
GEICO's customer service also makes it an excellent choice for the best full coverage insurance company. According to the National Association of Insurance Commissioners, GEICO receives fewer than average customer complaints. [1]
Although it already has the cheapest average rates, GEICO also offers discounts that can make your full coverage insurance even cheaper. Drivers can get lower rates with GEICO's discounts:
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GEICO offers certain coverage add-ons (or endorsements) including roadside assistance, rental reimbursement and mechanical breakdown coverage. However, GEICO does not offer gap insurance or new car replacement coverage.
MAPFRE has the lowest rates of any company we considered, although it's not available everywhere. But if you live in one of the 19 states where MAPFRE is available, you can get coverage much cheaper.
We found that MAPFRE has the cheapest full coverage car insurance, but it is not as widely available as other companies. On average, full coverage insurance from MAPFRE costs $87 per month or $1,040 per year. That's $598 less per year than the average.
Although MAPFRE has the cheapest full coverage auto insurance of any company on our list, it is not available in all states. MAPFRE's car insurance is offered only in:
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MAPFRE offers some general endorsements including towing and worker protection and rental car reimbursement. Drivers in some states can also get personal belongings and replacement coverage for a new car.
State Farm has affordable full coverage for drivers who have an accident on their record. State Farm is available almost everywhere, making it a great choice for drivers across the country.
Finding cheap rates for at-fault drivers is very difficult. But State Farm is the cheapest company for full coverage insurance even for drivers who have been in a recent accident. On average, full coverage after an accident at State Farm costs $120 per month, $1,108 less than the average.
In addition to affordable rates for full coverage insurance after an accident, State Farm also has excellent customer service. J.T. Power's 2021 Auto Claims Satisfaction Survey found State Farm has one of the highest-rated claims processes of any major insurance company. [2]
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State Farm offers fewer coverage add-ons than some competitors. Drivers can add rental car reimbursement and roadside assistance, but gap insurance is not available from State Farm.
Military drivers looking for better protection can get affordable full coverage from USAA. USAA has some of the cheapest fares with a history of high claim satisfaction among its customers.
USAA has the cheapest full coverage auto insurance for military and experienced drivers on average. For drivers with clean records, full coverage insurance from USAA costs $87 a month, $599 a year cheaper than the average.
USAA is the cheapest company for full coverage insurance after an accident. USAA's rates for high-risk drivers average just $128 per month. That's $1,020 less per year than the average.
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If you qualify for insurance from USAA, you can get lower rates for full coverage by qualifying for USAA's range of discounts, including discounts for:
There are a few ways to customize full coverage insurance from USAA. Drivers can add roadside assistance and rental compensation, but not gap insurance or other forms of cover.
Although full coverage car insurance is more expensive than minimum coverage or liability insurance, there are still many companies that offer cheap full coverage insurance. Here are the 11 cheapest companies for full coverage car insurance:
We've found that the monthly cost of full coverage auto insurance varies from company to company, ranging from $87 to several hundred dollars a month, so be sure to get several quotes before deciding on the best company for you.
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Because rates vary widely by company (and location), it's worth comparing rates in your state before finalizing your full coverage policy. Here are the cheapest options for full coverage auto insurance by state:
Full coverage costs more than liability insurance. This is because you add comprehensive and collision coverage for your car. When companies cover more risk, they raise rates.
Going from a liability-only policy to full coverage can mean a difference of several hundred dollars a year, but it can be worth it if your car is totaled. According to data from the National Association of Insurance Commissioners, the comprehensive and collision portions of a full coverage policy cost $518 a year.
Your rates depend on how much liability coverage you have. Having a liability-only policy with only the minimum liability coverage required by your state is always the cheapest option, but it leaves you seriously underprepared for an accident.
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Here's how much a policy with required liability coverage costs compared to full coverage with two different amounts of liability:
There are no states that require drivers to have full coverage auto insurance. Unlike other types of insurance, comprehensive and collision are not on any state's list of insurance requirements. But you will need full coverage car insurance:
Without full coverage, you could end up with a totaled vehicle that you have to pay to replace yourself. But if you have an older car, it may cost more to insure than it is worth. Remember, if you have multiple vehicles, you can always have full coverage on one and not the other.
Full coverage is the best protection you can get, but there are some things that even the best full coverage policy won't cover.
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Since full coverage isn't really one type of auto insurance policy, "full coverage" can refer to auto insurance that includes multiple types of coverage.
In addition to comprehensive and collision, many drivers choose to add other optional coverages.
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