Cheapest Full Coverage Car Insurance Full coverage auto insurance provides the necessary state-required insurance, including liability coverage, as well as protection for your own vehicle through collision and comprehensive insurance. Even the most affordable full coverage auto insurance offers better protection than a policy that only meets the state’s minimum insurance requirements. Orangebybk conducted a cost analysis of major insurance companies to identify the top choices.

Best and Cheapest Full Coverage Car Insurance Companies in 2024

Who Are the Best Full Coverage Car Insurance Companies?

• USAA – Best Overall for Cheap Full Coverage Car Insurance
• Auto-Owners – Great Rates for Drivers Who Have Caused an Accident
• Westfield – Best Family Discounts
• Geico – Best Cost for Drivers With Bad Credit
• Travelers – Best Price for Gap Insurance

Pros & Cons 2024 USAA Car Insurance

Pros

Cons

• Only veterans and active members of the military and their immediate families are eligible.
• USAA’s average bundling discount for auto and home insurance is fairly low at only 6%.
• USAA’s level of car insurance complaints is average compared to competitors.

States Available In 

USAA is available in all 50 states and Washington, D.C.

USAA Car Insurance Review

2. Auto-Owners

Auto-Owners Car Insurance Pros & Cons

Pros

Cons

• There are cheaper car insurance options if you have a DUI or poor credit.
• Costs for adding on a teen driver are average.

States Available In

Westfield Car Insurance Pros & Cons

Pros

Cons

States Available In

Westfield Car Insurance Review

Geico Car Insurance Pros & Cons

Pros

Cons

• Geico’s car insurance rates for drivers with a DUI conviction are higher than many competitors.
• The level of auto insurance complaints against Geico is right around the industry average. Car owners can easily find top companies with lower complaints levels.
• Collision repair professionals surveyed by the CRASH Network gave Geico’s collision repair process only a C- grade.

States Available In 

Geico car insurance is a popular choice among drivers in the United States as it is available in all 50 states and Washington, D.C. Furthermore, Geico offers a range of coverage options that can be customized according to individual needs and preferences. With its easy-to-use online platform and excellent customer service, Geico is a top contender for those looking for reliable car insurance coverage.

Travelers Car Insurance Pros & Cons

Pros

Cons

• Auto insurance costs are higher than competitors for adding a teen driver to a policy.
• Very high average rates for drivers who have a DUI conviction on their records.
• Average cost for senior drivers is high.

States Available In

What Is Full Coverage Car Insurance?

Comprehensive car insurance does not refer to a particular policy, but rather encompasses liability insurance as well as comprehensive and collision coverage. A “comprehensive car insurance” policy will also encompass any other required coverage in your state, such as uninsured motorist coverage.

Cheapest Full Coverage Car Insurance After an Accident or Speeding Ticket

Company	Average cost per year after an accident with property damage	Average cost per year after accident with injuries	Average cost per year after a speeding ticket
USAA*	$2,079	$2,093	$1,709
Auto-Owners	$2,145	$2,145	$2,250
Geico	$2,151	$2,487	$2,098
Westfield	$2,458	$2,458	$2,001
State Farm	$2,509	$2,554	$2,311
Travelers	$2,547	$2,630	$2,481

What Does Full Coverage Car Insurance Cost?

Car Make & Model	Third Party Liability Coverage	Comprehensive Coverage
Sedans	Rs. 5000* – 10,000*	Rs. 10,000* – 20,000*
SUVs	Rs. 7000* – 15,000*	Rs. 15,000* – 30,000*
Hatchbacks	Rs. 4000* – 8000*	Rs. 8000* – 15,000*
Luxury Cars	Rs. 8,000* to 18,000*	Rs. 10,000* – 25,000*

Which Car Insurance Company has the Cheapest Full Coverage Car Insurance in Your State?

When it comes to finding the cheapest full coverage car insurance policies, the rates will vary by state. To get the best car insurance at affordable prices, it is recommended that you compare quotes from multiple companies. This can help you identify the most competitive prices and find a policy that meets your needs and budget. It’s important to note that while price is a significant factor in choosing car insurance, other factors such as coverage options, customer service, and claims processing should also be considered when making your decision.

State	Cheapest company for full coverage car insurance	Average cost per year
Alabama	Travelers	$1,176
Alaska	State Farm	$1,699
Arizona	Root	$876
Arkansas	Nationwide	$1,357
California	Wawanesa	$1,470
Colorado	Colorado Farm Bureau	$1,531
Connecticut	Travelers	$1,399
Delaware	Travelers	$1,525
Florida	Geico	$2,771
Georgia	Auto-Owners	$1,439
Hawaii	State Farm	$1,207
Idaho	American National	$422
Illinois	Mercury	$1,388
Indiana	Pekin Insurance	$808
Iowa	Hastings Mutual	$604
Kansas	Geico	$1,022
Kentucky	Auto-Owners	$1,406
Louisiana	Geico	$2,484
Maine	Concord Group	$852
Maryland	Travelers	$1,930
Massachusetts	State Farm	$1,283
Michigan	Secura Insurance	$988
Minnesota	American Family	$1,597
Mississippi	Direct General	$1,002
Missouri	State Farm	$1,699
Montana	Progressive	$1,234
Nebraska	Geico	$898
Nevada	Geico	$1,776
New Hampshire	MMG Insurance	$828
New Jersey	NJM	$1,370
New Mexico	Nationwide	$1,370
New York	NYCM Insurance	$2,986
North Carolina	North Carolina Farm Bureau	$930
North Dakota	Nodak Mutual	$748
Ohio	Hastings Mutual	$512
Oklahoma	Oklahoma Farmers Union	$1,686
Oregon	QBE	$922
Pennsylvania	Travelers	$1,916
Rhode Island	State Farm	$1,233
South Carolina	Travelers	$1,472
South Dakota	Allied	$1,148
Tennessee	Penn National Insurance	$1,048
Texas	Geico	$1,861
Utah	Geico	$1,230
Vermont	Geico	$660
Virginia	Penn National Insurance	$944
Washington	Pemco	$1,129
West Virginia	Nationwide	$1,196
Wisconsin	Secura Insurance	$1,006
Wyoming	American National	$546

Costs based on full coverage with liability limits of 100/300/100 for drivers ages 70-80.

USAA is open only to members of the military, veterans and their families.

What Does Full Coverage Car Insurance Cover?

Full coverage car insurance is a comprehensive policy that includes liability insurance, collision insurance, and comprehensive insurance. Liability insurance covers damages caused to another person or their property in an accident where you are at fault. Collision insurance covers the cost of repairs or replacement if your car is damaged in an accident with another vehicle or object. Comprehensive insurance offers coverage for non-collision damage to your vehicle, such as theft, vandalism, or weather-related incidents like hailstorms. It’s essential to understand the details of each type of coverage to ensure you have adequate protection in case of an accident.

Liability Insurance

Liability car insurance pays for injuries and property damage you accidentally cause to others with your vehicle. In the event of an accident, such as accidentally hitting another vehicle and causing injury and damage, your liability insurance will cover the medical expenses and car repairs for the other party, within the limits of your policy. Additionally, liability insurance provides coverage for legal expenses in the event of a lawsuit related to a car accident.

Liability car insurance is displayed as three numbers, such as 100/300/100:

• 100 refers to $100,000 of bodily injury liability per person injured in an accident.
• 300 refers to $300,000 of bodily injury liability in total for one auto accident.
• 100 refers to $100,000 of property damage liability per accident.

Your state has a minimum amount of liability coverage you must carry. Most state minimums are insufficient, especially if you cause a severe or multi-car accident. It’s smart to buy higher limits, such as 100/300/100

What Other Coverage May be Included in a Full Coverage Policy?

Certain states mandate extra car insurance. Typical state-mandated coverage includes uninsured motorist coverage, personal injury protection coverage, and medical payments coverage.

Uninsured Motorist Coverage

Uninsured motorist coverage provides payment for medical costs for you and your passengers in the event of an accident caused by an uninsured driver. It may also include coverage for damage to your vehicle, depending on your location and policy. However, uninsured motorist coverage does not compensate uninsured drivers. The coverage is typically offered in limits that correspond to your liability coverage and is mandatory in certain states while optional in others.

Personal Injury Protection and Medical Payments

Personal injury protection (PIP) provides coverage for the medical expenses of the policyholder and their passengers, irrespective of fault in the auto accident. PIP insurance also compensates for lost wages and essential services, such as childcare, if the policyholder is unable to perform certain tasks due to their injuries. While some states mandate PIP, others offer it as an optional coverage or not at all. Medical payments coverage (MedPay) handles medical bills related to an auto accident for the policyholder and passengers, regardless of fault. While a few states require MedPay, it is usually optional where available. Additional optional coverage types for a comprehensive car insurance policy include rental reimbursement, roadside assistance, and gap insurance.

Is Full Coverage Right for You?

If your car is financed or leased, lenders typically require full coverage, but it may still be beneficial to have full coverage even without a car loan or lease. Opting for liability-only car insurance means the insurer won’t pay for any damages to your car. However, having full coverage with collision and comprehensive insurance will protect your vehicle from damage in a crash, theft, fire, flood, and other issues. If your car is fully paid off and not of high value, collision and comprehensive insurance may not be necessary. Consider whether you could afford repairs or a replacement if the car is damaged or stolen to determine if full coverage car insurance is suitable for you.

Factors That Affect the Cost of Full Coverage Car Insurance

Where you live. Heavier populated areas tend to have more accidents, so drivers in urban areas have higher rates. Areas with more severe weather, higher crime or higher repair costs will also pay higher rates.

Your driving record. If you have a clean driving record, you’ll pay less than a driver with a ticket or accident on their record.

Your age. Young drivers and senior drivers typically pay more for full coverage. Teen drivers pay higher rates because they are inexperienced, and senior drivers’ rates go up as their driving skills and reaction times decline.

Your gender (in states that allow it, most do). Young men are considered riskier drivers than young women so they pay higher rates. As drivers age, rates become nearly equal until their senior years. Rates for senior women may again become cheaper than men, who are seen as being riskier behind the wheel after age 65.

Years of driving experience. Less experienced drivers pose a higher risk of being in an accident so pay more.

Car insurance history. If you’ve made car insurance claims in the past, you may pay more. You also can see higher full-coverage car insurance costs if you’ve had gaps in coverage.

Credit history. A low credit-based insurance score may lead to higher rates. California, Hawaii, Massachusetts, and Michigan have banned the use of credit-based insurance scores for car insurance.

Vehicle model. Past claims for your make and model vehicle, repair costs and the value of your vehicle affect the cost of full coverage car insurance.

Deductible choices. You have the option to reduce costs by increasing the deductible on your car insurance for comprehensive and collision coverage. Other types of coverage, such as uninsured property damage coverage or personal injury protection, may also have a deductible depending on your state.

How to Find Cheap Full Coverage Car Insurance

Shop Around

Comparing car insurance quotes from various auto insurance companies is the best method to obtain affordable full coverage insurance. Ensure that you are comparing similar coverage types, limits, and deductibles to accurately evaluate the policies. By shopping around, you could save hundreds or even more.

Raise Your Deductible

Collision and comprehensive insurance both have a deductible, which is an amount subtracted from a claim payment. Deductibles for car insurance usually vary from $250 to $2,500. Opting for a higher deductible can reduce the cost of full coverage car insurance.

Ask for Discounts

By choosing paperless options, paying your policy in full, and combining your auto and homeowners insurance, you can qualify for car insurance discounts. However, these are only some of the commonly available price reductions. It’s always worth inquiring about additional eligibility for further reductions on full-coverage insurance.

Is a Full Coverage Policy Worth It?

If you want comprehensive auto insurance that covers accidents you’re responsible for, repairs to your own vehicle, and theft, a full coverage car insurance policy is a valuable option. However, this extensive protection comes with a higher cost, averaging $2,067 annually, compared to the $635 yearly cost of liability-only insurance.

Methodology

When searching for the best cheap car insurance for full coverage, several factors should be taken into consideration. These include the company’s financial strength, customer satisfaction ratings, coverage options available, and discounts offered. It is also important to compare quotes from multiple providers to ensure that you are getting the best deal possible. By evaluating these factors, you can make an informed decision on which car insurance provider offers the most value for your money.

Auto insurance rates (80% of score)

Data from Quadrant Information Services was utilized to assess the average rates from each company for various types of drivers, including those with a clean record, those who have been in an accident, those with a speeding violation, those with a DUI, those with poor credit, and those without insurance coverage.

Rates are based on a 40-year-old female driver with a new Toyota RAV4 and coverage of:

• $100,000 for injuries to one person, $300,000 for injuries per accident and $100,000 of property damage (known as 100/300/100).
• Uninsured motorist coverage of 100/300.
• Collision and comprehensive insurance with a $500 deductible.
• Any other coverage required in the state.

Complaints (10% of score)

Data from the National Association of Insurance Commissioners was utilized for the analysis. Individual state insurance departments are responsible for recording and overseeing complaints against insurers within their jurisdictions. The majority of complaints regarding auto insurance pertain to claims, such as inadequate settlements, delays, and refusals.

Collision repair (10% of score)

We integrated insurance company ratings provided by collision repair experts from the CRASH Network. These professionals interact with insurers and handle claims on a daily basis, allowing them to identify companies that attempt to minimize claim costs and those whose procedures cause delays in the repair process.

 

Faqs

Is full coverage car insurance required?