Cheapest Full Coverage Car Insurance in 2024

Cheapest Full Coverage Car Insurance

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.

Outlines Of Guide

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

Who Are the Cheapest Full Coverage Car Insurance Companies?

The average national full coverage car insurance policy costs $2,067 a year. USAA, Auto-Owners and Geico offer the cheapest full coverage car insurance, according to Orangebybk analysis of national averages. USAA is only available to members of the military, veterans and their families.

  1. USAA – $1,412 a year
  2. Auto-Owners – $1,628 a year
  3. Geico – $1,716 a year
  4. Westfield – $1,759 a year
  5. Travelers – $1,852 a year
  6. State Farm – $1,959 a year
  7. Nationwide – $2,041 a year

5. Best Cheap Full Coverage Car Insurance

1. USAA

Why We Picked It

USAA offers affordable car insurance rates for full coverage policies. However, it is important to note that these policies are only available to military members, veterans or military family members. This is because USAA was founded by military members and has since maintained a strong commitment to serving the military community. In addition to car insurance, USAA also offers a range of other financial products and services tailored specifically for military personnel and their families, including banking, investment and retirement options.

Pros & Cons 2024 USAA Car Insurance

Pros

  • Cheap car insurance for full coverage.
  • Superb rates for drivers with a speeding ticket, accident or DUI on their records.
  • Good prices for those with poor credit compared to many competitors.
  • Excellent rates for seniors and young drivers, two age groups that can be expensive to insure.

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

Why We Picked It

Auto-Owners offers affordable full coverage rates and has a lower complaint level compared to the company average. This means that customers who opt for Auto-Owners insurance can benefit from comprehensive coverage options without having to pay exorbitant prices. Additionally, the low complaint level suggests that the company provides satisfactory customer service and resolves issues efficiently. These factors make Auto-Owners an excellent choice for individuals looking for affordable yet reliable insurance coverage.

Auto-Owners Car Insurance Pros & Cons

Pros

  • Superb rates for full coverage.
  • Low level of complaints about Auto-Owners car insurance made to state insurance departments.
  • Offers an excellent discount of 14%, on average, for paying in full for an auto insurance policy.

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

Auto-Owners car insurance is available in 26 states:

  1. Alabama
  2. Arizona
  3. Arkansas
  4. Colorado
  5. Florida
  6. Georgia
  7. Idaho
  8. Illinois
  9. Indiana
  10. Iowa
  11. Kansas
  12. Kentucky
  13. Michigan
  14. Minnesota
  15. Missouri
  16. Nebraska
  17. North Carolina
  18. North Dakota
  19. Ohio
  20. Pennsylvania
  21. South Carolina
  22. South Dakota
  23. Tennessee
  24. Utah
  25. Virginia
  26. Wisconsin

Auto-Owners Car Insurance Review

3. Westfield

Why We Picked It

Westfield is a leading provider of car insurance that offers affordable rates to various types of drivers, including those who require full coverage. The company has earned a reputation for providing high-quality services with very few customer complaints. In addition, repair professionals have given Westfield favorable ratings for its collision claims process, further demonstrating the company’s commitment to meeting the needs of its customers. Overall, Westfield is an excellent choice for anyone looking for reliable and affordable car insurance coverage.

Westfield Car Insurance Pros & Cons

Pros

  • Cheap auto insurance for full coverage.
  • Affordable rates for senior drivers and those with poor credit.
  • Very low level of complaints made about its auto insurance to state insurance departments.
  • Received a B grade from collision experts in a survey by the CRASH Network.
  • Offers a variety of family discounts that may lower the cost of your full coverage policy.

Cons

  • Highest average auto insurance cost for drivers with a DUI among the companies we analyzed.
  • Costs to add a teen driver to a policy are higher than average.
  • Only available in 10 states, mostly in the Midwest.

States Available In

Westfield offers personal auto insurance in 10 states:

  1. Indiana
  2. Illinois
  3. Iowa
  4. Kentucky
  5. Ohio
  6. Michigan
  7. Minnesota
  8. Pennsylvania
  9. Tennessee
  10. West Virginia

Westfield Car Insurance Review

4. Geico

Why We Picked It

Geico is a popular choice for those seeking full coverage insurance due to its competitive rates. While it has average complaint levels compared to other insurers, its pricing and coverage options make it an attractive option for many consumers. It is crucial to research and compare multiple insurance providers to find the one that best suits your needs and budget.

Geico Car Insurance Pros & Cons

Pros

  • Cheap auto insurance rates for full coverage.
  • Excellent rates for drivers who have poor credit, a speeding ticket or were caught driving without insurance.
  • Great rates for seniors and young drivers, who can be expensive to insure.

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.

Geico Car Insurance Review

5. Travelers

Why We Picked It

If you’re looking for full coverage travel insurance with reasonable rates and low complaint levels, Travelers is an excellent option. Compared to its competitors, this insurance provider offers a good value for money and has a solid reputation for customer service. With Travelers, you can enjoy peace of mind knowing that you are protected against unforeseen events that may occur during your travels.

Travelers Car Insurance Pros & Cons

Pros

  • Better than average rates for full coverage.
  • Relatively cheap auto insurance for drivers with poor credit.
  • Very low level of complaints made about Travelers car insurance to state insurance departments.
  • Great price for loan/lease gap insurance at around $39 per year.

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

Travelers auto insurance is available in 42 states and Washington, D.C. It is not available in:

  • Alaska
  • Hawaii
  • Louisiana
  • Michigan
  • North Dakota
  • South Dakota
  • West Virginia
  • Wyoming

Travelers Car Insurance Review

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
  • 45% increase after an accident with property damage.
  • 47% increase after an accident causing an injury to someone else.

On average, car insurance rates go up by 24% after receiving a speeding ticket, according to our analysis. Based on our research, USAA provides the most affordable full coverage auto insurance following an accident causing property damage or injuries. Additionally, USAA offers the most inexpensive full coverage car insurance for individuals with a speeding ticket on their driving record. If you’re not eligible for USAA auto insurance, compare car insurance quotes from Auto-Owners and Geico.

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

Cheapest Full Coverage Car Insurance for Young Drivers on a Parent Policy

Company Average cost per year for full coverage car insurance for parents and a 16-year-old
Erie $4,059
USAA $4,103
Geico $4,471
Nationwide $4,502
State Farm $5,034
Travelers $5,065
Progressive $5,088

Cheapest Full Coverage Car Insurance For Seniors

Company Average cost per year for full coverage car insurance for senior drivers
USAA $1,674
Auto-Owners $1,870
Geico $2,057
Westfield $2,076
State Farm $2,085

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

Collision and Comprehensive Coverage

Collision coverage. Pays to repair or replace your car if it collides with another vehicle or object, such as a fence or pole, regardless of fault.

Comprehensive coverage. Pays to repair or replace your car if it’s stolen or damaged due to fire, vandalism, flooding, hail, striking an animal, severe weather or falling objects.

For instance, if your vehicle skids on ice and damages a neighbor’s fence, the collision coverage would cover your car’s damage (while your liability coverage would cover the neighbor’s fence). If your car gets dented by hail, the comprehensive coverage would cover the repairs. Both collision and comprehensive coverage come with a deductible, such as $500 or $1,000, which is the amount subtracted from your claim payment.

For example, if the cost of accident repairs is $1,500 and you have a $500 deductible, your insurance claim payout will be $1,000. In the event of a total loss or theft, collision and comprehensive coverage would pay you the depreciated value of your vehicle. The maximum claim payout for these coverages is the value of your car just before the incident, minus the deductible. Although collision and comprehensive coverage are not mandated by any state, if your car is leased or has a loan, your lender will likely require you to have both coverages.

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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.

What Does Full Coverage Not Cover?

Full coverage car insurance may sound like it covers all situations, but there are instances when it doesn’t pay out, such as:

  • Intentional damage
  • If you were driving your car for business (you usually need commercial car insurance)
  • Racing or speed competitions
  • Mechanical breakdowns or repairs
  • Personal items were stolen from your car (use your home insurance or renters insurance for coverage)
  • Items not permanently installed in your car
  • Wear and tear to the vehicle

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 comprehensive insurance the same as full coverage?

“Full coverage” refers to a car insurance policy that has liability coverage (and any other state-required car insurance coverages) plus collision and comprehensive coverage. It’s “full coverage” because the liability portion covers others when you cause an accident, and the comprehensive and collision coverage applies to your vehicle. Comprehensive and collision insurance pays to repair your car or pays you the value of the car if it’s beyond repair after an incident. Comprehensive insurance covers your vehicle for problems such as:

    1. Theft
    2. Fire
    3. Vandalism
    4. Damage from striking an animal
    5. Falling objects
    6. Floods or severe weather such as hail or a tornado

Does it make sense to have full coverage on a car that’s paid off?

Yes, full coverage on a car that’s paid off makes sense if your is newer and the car’s value is still high because full coverage will help you repair or replace it, which would be costly to pay personally. If your car is a bit older, it will depend on the age and value of the vehicle, your ability to pay for the cost of repairs or a vehicle replacement and the amount of car insurance coverage you want.

If you want insurance that pays for damage to your car from an auto accident, regardless of fault—and for situations such as theft, fire, vandalism and damage from natural disasters—it makes sense to have full coverage car insurance even if your car is paid off. If you want to continue full coverage but think you’re paying too much, compare car insurance quotes with multiple companies to see if you can find more affordable rates.

Who has the least expensive full coverage car insurance?

State Farm has the cheapest full-coverage auto insurance for most drivers, at $125 per month, on average. Currently insured? It’s free, simple and secure.

Is full coverage car insurance required?

States do not mandate full coverage car insurance, unlike liability car insurance. If your vehicle is financed or leased, your lender will usually require you to have full coverage auto insurance. It is advisable to have full coverage on newer vehicles, even if you own your vehicle outright. Collision and comprehensive coverage provide protection for issues like theft, fire, vandalism, severe weather, falling objects, hitting an animal, and collisions with objects such as poles.

What is the cheapest cover for insurance?

Sometimes comprehensive car insurance is the cheapest option. This is because drivers who take out third-party only cover are considered to be a higher risk by insurance providers.

Does full coverage auto insurance replace your car?

Full coverage car insurance includes collision and comprehensive coverage, which pays out the value of your vehicle if it is stolen or a total loss so you can replace your car. You can use the claim settlement for your vehicle to replace it, but your payout will be for the amount your former vehicle was worth the moment before the accident, not what you paid for it originally.

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