Best Full Coverage Car Insurance (2024)


Enter your ZIP code to get started

Shield

Free. Simple. Secure.

Banner image
ByMark Fitzpatrick
Reviewed byMark Friedlander
fact checked icon
ByMark Fitzpatrick
fact checked icon
Reviewed byMark Friedlander
Edited byVictoria Copans
fact checked icon

Updated: May 20, 2024

Advertising & Editorial Disclosure

When selecting full coverage car insurance, aim to balance affordability and quality service. Look into the company's claims process and customer satisfaction, and make sure it offers all the coverage types you need.

While a low premium is appealing, a robust and reliable policy should be your ultimate goal.

Key Takeaways

carInsurance icon

Full coverage car insurance is a policy that includes not only liability coverage but also additional protections like collision, comprehensive and often other optional coverages.

car2 icon

Drivers who want a broader financial safety net or own a car of significant value should consider getting full coverage car insurance. Full coverage is usually required for a financed or leased vehicles.

money icon

Full coverage car insurance policies are often flexible, offering a variety of add-on coverages and allowing you to select deductibles that fit your budget.

Why Trust MoneyGeek? We ensure that MoneyGeek's content meets our highest editorial standards by carefully scrutinizing it. Throughout each stage, our team writes, checks facts, edits and reviews the content produced to generate accurate information.

Best Overall Full Coverage Car Insurance - State Farm

When it comes to balancing quality and affordability in full coverage car insurance, State Farm takes the lead:

  • State Farm: MoneyGeek score of 88 out of 100 ($883 per year, $74 per month)
  • GEICO: MoneyGeek score of 88 out of 100 ($936 per year, $78 per month)
  • Travelers: MoneyGeek score of 88 out of 100 ($1,037 per year, $86 per month)

State Farm's yearly premiums edge out GEICO's by 6%, even though GEICO is often touted for its low rates. State Farm also outperforms Travelers in affordability.

While State Farm offers a broad array of discounts and essential coverage types for all kinds of drivers, Travelers might be your go-to if you're looking for specialized add-ons like new car replacement.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
State FarmMG Best Score (out of 100)88Annual Premium$883Monthly Premium$74
TravelersMG Best Score (out of 100)88Annual Premium$1,037Monthly Premium$86
GEICOMG Best Score (out of 100)88Annual Premium$936Monthly Premium$78
NationwideMG Best Score (out of 100)87Annual Premium$930Monthly Premium$78
ProgressiveMG Best Score (out of 100)86Annual Premium$1,120Monthly Premium$93
FarmersMG Best Score (out of 100)86Annual Premium$1,192Monthly Premium$99
AllstateMG Best Score (out of 100)85Annual Premium$1,124Monthly Premium$94
mglogo
MoneyGeek Top Pick
State Farm

State Farm, the largest U.S. auto insurer by market share, is available to drivers in 48 states (not offered in Massachusetts or Rhode Island) and Washington, D.C. and offers a comprehensive range of coverage options and discounts. It's got you covered, from telematics programs that reward safe driving to coverage options like rental car reimbursement and emergency roadside assistance. Its rates are consistently competitive, appealing to various driver profiles.

In terms of customer satisfaction, State Farm shines, scoring 877 in a J.D. Power survey — notably higher than the industry average of 861. It also offers a variety of discounts, including anti-theft and vehicle safety discounts, multi-vehicle discounts and home and auto bundles.

Read MoneyGeek’s full State Farm auto insurance review.

Best Full Coverage Car Insurance by State

To find the best car insurance for your needs, compare quotes from at least three companies. Each company uses its own underwriting criteria, factoring in age, insurance history, credit data and driving history, among other factors, to determine premiums. You may get varied quotes for identical coverage, but the best choice will be a company that handles claims efficiently, offers consistent customer service and provides the coverage options you need.

Data filtered by:Results filtered by:
Age:
Age:40
AlabamaCompanyUSAAMG Best Score (out of 100)94Annual Premium$651Monthly Premium$54
AlaskaCompanyUSAAMG Best Score (out of 100)92Annual Premium$519Monthly Premium$43
ArizonaCompanyAuto-Owners Insurance CoMG Best Score (out of 100)92Annual Premium$767Monthly Premium$64
ArkansasCompanyUSAAMG Best Score (out of 100)94Annual Premium$549Monthly Premium$46
CaliforniaCompanyUSAAMG Best Score (out of 100)94Annual Premium$1,012Monthly Premium$84
ColoradoCompanyAmerican National P&CMG Best Score (out of 100)93Annual Premium$541Monthly Premium$45
ConnecticutCompanyUSAAMG Best Score (out of 100)94Annual Premium$730Monthly Premium$61
DelawareCompanyUSAAMG Best Score (out of 100)94Annual Premium$792Monthly Premium$66

Best Full Coverage Car Insurance by Age

State Farm dominates the list, offering the best rates for a wide range of ages, from teenagers to seniors. GEICO takes the lead in the young adult to middle-aged categories, while Travelers stands out for those at age 60.

State Farm is a standout for teen drivers, offering the lowest rates. It also provides rental reimbursement and new car replacement, along with popular student discounts.

Since young drivers often face steep premiums, we generally suggest parents add their teens to their existing insurance policies for more affordable rates.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 w/ $1000 Deductible
16CompanyState FarmAnnual Premium$3,732Monthly Premium$311
17CompanyState FarmAnnual Premium$3,312Monthly Premium$276
18CompanyState FarmAnnual Premium$2,966Monthly Premium$247
19CompanyState FarmAnnual Premium$2,531Monthly Premium$211
20CompanyState FarmAnnual Premium$2,272Monthly Premium$189
21CompanyGEICOAnnual Premium$1,824Monthly Premium$152
22CompanyGEICOAnnual Premium$1,850Monthly Premium$154
23CompanyGEICOAnnual Premium$1,655Monthly Premium$138

Best Full Coverage Car Insurance for High-Risk Drivers

State Farm is a good starting point for high-risk drivers, as it offers coverage to those with violations on their records and has the lowest rate increase after an accident.

If you're a driver with poor credit, consider getting a quote from Travelers, as it offers moderately priced rates and exceptional service, boasting a MoneyGeek score of 91 in this category.

  • Best for Drivers With a Ticket: State Farm — $1,008 per year
  • Best for Drivers With an Accident: State Farm — $1,091 per year
  • Best for Drivers With a DUI: State Farm — $1,231 per year
  • Best for Drivers With Poor Credit: Nationwide — $1,755 per year

High-risk drivers with a record of traffic violations often face elevated car insurance rates, coming in second only to teen drivers. But that doesn't mean you have to compromise on service or cost — even high-risk drivers can find the best car insurance companies that offer both competitive rates and premium service.

Best Full Coverage Car Insurance for Drivers With a Ticket - State Farm

State Farm, GEICO and Travelers are the best options for drivers with a ticket on their record. These companies scored the highest on MoneyGeek's evaluations and offer relatively low rates, making them a solid choice for those looking to balance cost and quality.

  • State Farm: MoneyGeek score of 89 out of 100 ($1,008 per year, $84 per month)
  • GEICO: MoneyGeek score of 88 out of 100 ($1,226 per year, $102 per month)
  • Travelers: MoneyGeek score of 88 out of 100 ($1,412 per year, $118 per month)

The more tickets you have and the worse the violation, the higher your insurance rates will be. Most insurers raise rates for three to five years via a premium surcharge, even after a first moving violation like a speeding ticket.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
State FarmMG Best Score (out of 100)89Annual Premium$1,008Monthly Premium$84
TravelersMG Best Score (out of 100)88Annual Premium$1,412Monthly Premium$118
GEICOMG Best Score (out of 100)88Annual Premium$1,226Monthly Premium$102
NationwideMG Best Score (out of 100)87Annual Premium$1,166Monthly Premium$97
ProgressiveMG Best Score (out of 100)86Annual Premium$1,458Monthly Premium$122
AllstateMG Best Score (out of 100)86Annual Premium$1,318Monthly Premium$110
FarmersMG Best Score (out of 100)86Annual Premium$1,500Monthly Premium$125

Best Full Coverage Car Insurance for Drivers After an Accident: State Farm

State Farm is our pick for the best and cheapest car insurance after an accident, offering top-notch service and the lowest rates for drivers of all ages. While Travelers and GEICO offer quality service, they don't match State Farm's affordability.

  • State Farm: MoneyGeek score of 89 out of 100 ($1,091 per year, $91 per month)
  • Travelers: MoneyGeek score of 88 out of 100 ($1,506 per year, $126 per month)
  • GEICO: MoneyGeek score of 87 out of 100 ($1,546 per year, $129 per month)

While the average cost of a full coverage policy spikes by 67% to $1,467 after an at-fault accident, State Farm's rates remain significantly lower, saving you over $400 each year compared to the average. You can avoid a multi-year premium surcharge with accident forgiveness coverage, but State Farm only offers this to long-time customers who have been with the company for a minimum of nine years with no at-fault accidents on their record.

Data filtered by:Results filtered by:
Age Rane:
Age Rane:30-59
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
State FarmMG Best Score (out of 100)89Annual Premium$1,091Monthly Premium$91
TravelersMG Best Score (out of 100)88Annual Premium$1,506Monthly Premium$126
GEICOMG Best Score (out of 100)87Annual Premium$1,546Monthly Premium$129
NationwideMG Best Score (out of 100)86Annual Premium$1,409Monthly Premium$117
ProgressiveMG Best Score (out of 100)86Annual Premium$1,810Monthly Premium$151
AllstateMG Best Score (out of 100)85Annual Premium$1,584Monthly Premium$132
FarmersMG Best Score (out of 100)85Annual Premium$1,838Monthly Premium$153

Best Full Coverage Car Insurance for Drivers With a DUI: State Farm

State Farm consistently provides the best cheap car insurance for drivers with bad records. Travelers, although not as budget-friendly, shines with unique coverage options and top-notch customer service. Progressive stands out for its low rates and various unique discounts and coverages.

  • State Farm: MoneyGeek score of 89 out of 100 ($1,231 per year, $103 per month)
  • Travelers: MoneyGeek score of 88 out of 100 ($1,729 per year, $144 per month)
  • Progressive: MoneyGeek score of 88 out of 100 ($1,448 per year, $121 per month)

If you've had a serious violation such as a DUI or reckless driving, your state may require you to obtain SR-22 insurance or FR-44 insurance, which are not actual coverages but prerequisites for reinstating your license. Once you file the required forms, you can look for a full coverage policy. Expect your rates to double on average for three to five years via a premium surcharge after being convicted of a DUI. For those struggling to find coverage, non-standard auto insurance specializes in high-risk drivers.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
State FarmMG Best Score (out of 100)89Annual Premium$1,231Monthly Premium$103
TravelersMG Best Score (out of 100)89Annual Premium$1,729Monthly Premium$144
ProgressiveMG Best Score (out of 100)88Annual Premium$1,448Monthly Premium$121
FarmersMG Best Score (out of 100)88Annual Premium$1,656Monthly Premium$138
GEICOMG Best Score (out of 100)87Annual Premium$2,464Monthly Premium$205
AllstateMG Best Score (out of 100)87Annual Premium$1,695Monthly Premium$141
NationwideMG Best Score (out of 100)87Annual Premium$1,888Monthly Premium$157

Best Full Coverage Car Insurance for Drivers With Poor Credit: Nationwide

You can still get reliable car insurance with bad credit with Travelers, State Farm or GEICO. Travelers offers reasonable rates for diverse driving histories. State Farm, while usually a front-runner, takes second place in this category. GEICO remains a strong option, consistently offering quality full coverage across many driver profiles.

  • Travelers: MoneyGeek score of 91 out of 100 ($1,755 per year, $146 per month)
  • State Farm: MoneyGeek score of 90 out of 100 ($2,420 per year, $202 per month)
  • GEICO: MoneyGeek score of 90 out of 100 ($1,568 per year, $131 per month)

If you have poor credit, your car insurance cost by state and credit can vary significantly.

According to MoneyGeek's data, a poor credit history could double your insurance costs. Four states prohibit credit as a rating factor: California, Massachusetts, Michigan and Hawaii. Drivers in states like New York, Arizona and Nebraska, on the other hand could see their rates more than double. So, while the impact varies by state, a poor credit history will generally cost you more for the same coverage.

Data filtered by:Results filtered by:
Age Range:
Age Range:30-59
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
TravelersMG Best Score (out of 100)91Annual Premium$1,755Monthly Premium$146
State FarmMG Best Score (out of 100)90Annual Premium$2,420Monthly Premium$202
GEICOMG Best Score (out of 100)90Annual Premium$1,568Monthly Premium$131
ProgressiveMG Best Score (out of 100)89Annual Premium$1,988Monthly Premium$166
FarmersMG Best Score (out of 100)89Annual Premium$1,853Monthly Premium$154
NationwideMG Best Score (out of 100)89Annual Premium$1,249Monthly Premium$104
AllstateMG Best Score (out of 100)88Annual Premium$1,729Monthly Premium$144

What Full Coverage Car Insurance Covers

"Full coverage" typically means a policy that includes liability, collision and comprehensive insurance, along with other optional coverages you may choose.

    seatbelt icon

    Liability-only insurance

    Liability-only insurance is usually required by law and covers the costs for the other driver if you're at fault in an accident. It won't cover your own damages or injuries. Insurance professionals recommend drivers purchase liability limits above state minimums for a greater level of financial protection from at-fault accidents.

    carAccident icon

    Collision insurance

    Collision insurance is optional unless you're financing or leasing your car. It covers the cost of repairs to your own vehicle in an accident with a vehicle or stationary object like a tree or light pole, regardless of fault. It also covers rollover accidents and pothole damage.

    thunderstorm icon

    Comprehensive insurance

    Comprehensive insurance is also optional and covers non-collision-related damages to your car, such as theft, vandalism, fire or natural disasters.

Full coverage car insurance isn't an insurance product; it's a term that describes a policy with a mix of coverages, which can include collision and comprehensive insurance and optional add-ons like gap insurance and rideshare coverage. Keep in mind, though, that these policies don't cover commercial use, so you may not be covered if you're in an accident while using your car for business.

Read here for other types of add-on coverages.

When to Buy Full Coverage Car Insurance

Whether you drive a new or expensive car, are frequently on the road, live in a high-risk area for theft or weather-related accidents or finance or lease your vehicle, full coverage car insurance provides a range of protections that can save you from significant financial setbacks.

Scenario
Benefits

You drive a new car

Protects your new purchase by covering repair or replacement costs in case of an accident or theft

You have an expensive car

Saves you from high out-of-pocket costs for repairs or replacement of a high-value vehicle

You drive your car every day or rely on it for commuting

Enhances your financial protection by covering a broader range of risks, especially if you're on the road frequently and face a higher chance of accidents. Optional coverages like rental reimbursement can also be added, which pays for the cost of a rental car up to a certain limit, ensuring you're not without a vehicle while yours is being repaired.

You live in a high-risk area for theft

Comprehensive insurance reimburses you for the value of your stolen car, eliminating the need to replace it yourself

Your area is prone to weather-related accidents

Covers damages caused by extreme weather events and natural disasters like hurricanes, tornadoes, wildfires, hail and floods.

You're financing or leasing your car

Meets lender requirements and saves you from paying off the remaining balance on a totaled car

While you want robust coverage, you shouldn't pay more in premiums than your car's value, as some add-ons may cost more than occasional out-of-pocket repairs. Use third-party sources like Kelley Blue Book to gauge your car's worth; if insurance quotes represent a high proportion of this value, especially for older vehicles, liability-only insurance might be enough.

Ultimately, you can forego a full coverage policy if you can afford to replace or repair your car without insurance.

smallCalculator icon
HOW TO KNOW IF YOU’RE PAYING TOO MUCH FOR INSURANCE

The 10% rule serves as a general guide to gauge if you're paying too much for full coverage car insurance. According to this rule, if your annual premiums for full coverage exceed 10% of your car's actual cash value, it may be time to consider dropping full coverage and getting cheap liability-only coverage instead. This approach helps you avoid overpaying for insurance relative to the value of your vehicle.

Cost of Full Coverage Car Insurance

MoneyGeek found that, on average, a 40-year-old male drive with a Toyota Camry with $1,000 deductible will pay:

  • For a 100/300/100 full coverage policy: $1,054 per year, $88 per month
  • For a 300/500/300 full coverage policy: $1,138 per year, $95 per month

When picking a deductible for comprehensive car insurance, you usually have choices like $500, $1,000, or $1,500. Keep in mind, the higher the deductible, the lower your premiums will be. Just make sure you'll have that amount on hand if something happens.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
100/300/100 Full Cov. w/$1,500 Ded.Annual Premium$1,031Monthly Premium$86
100/300/100 Full Cov. w/$1,000 Ded.Annual Premium$1,054Monthly Premium$88
300/500/300 Full Cov. w/$1,500 Ded.Annual Premium$1,116Monthly Premium$93
300/500/300 Full Cov. w/$1,000 DedAnnual Premium$1,138Monthly Premium$95
100/300/100 Full Cov. w/$500 Ded.Annual Premium$1,159Monthly Premium$97
300/500/300 Full Cov. w/$500 Ded.Annual Premium$1,244Monthly Premium$104

How to Get Full Coverage Car Insurance

To find the best full coverage car insurance, start by evaluating your specific needs, such as the age and value of your car, and get quotes from at least three providers for comparison. Pay attention to customer reviews for insights on claims handling and customer service, and use the 10% rule to ensure you're not overpaying relative to your car's value.

1
Research what coverage you need

To find out how much car insurance you need, evaluate your specific needs based on factors like the age and value of your car, how often you drive and any unique risks such as living in a high-theft or weather-prone area.

2
Check for discounts

Before you start getting quotes, make a list of potential discounts you might be eligible for, such as multi-car, safe driver or military discounts.

3
Get multiple quotes

Request quotes from at least three different insurance providers. Make sure to ask for full coverage options and any specific add-ons you're interested in, like rental reimbursement or gap insurance.

4
Compare coverage and costs

Carefully review the quotes to compare not just the costs but also the coverage levels, deductibles and any additional features or limitations.

Use the 10% rule as a guide to see if you're paying too much for full coverage. If your annual premium exceeds 10% of your car's actual cash value, consider adjusting your coverage.

5
Check customer reviews

Research customer satisfaction ratings and reviews as well as financial strength ratings to understand each company's reputation, especially in terms of how they handle claims and customer service.

6
Finalize and purchase

Once you've made your decision, contact your insurance agent or provider to finalize the details. Thoroughly read the policy before signing and making your first payment.

7
Review annually

Insurance needs can change, so make it a habit to review your policy and shop around for quotes annually to ensure you're still getting the best full coverage policy for the best price.

How to Save on Full Coverage Car Insurance

To save on full coverage car insurance, consider options like home and auto bundles for discounts and always inquire about other discounts you may qualify for, such as safe driver or multi-car discounts. You can also manage costs by opting for higher deductibles, maintaining a good driving record and paying your premium in one lump sum.

    house icon

    Use home and auto bundles

    Many insurance providers offer significant discounts when you bundle multiple policies together, especially for home and auto bundles. This is a straightforward way to save on your full coverage car insurance.

    car2 icon

    Opt for telematics programs

    Many insurers offer usage-based telematics programs that reward safe driving with lower rates.

    discount icon

    Take advantage of discounts

    Don't overlook discounts you may be eligible for, such as safe driver, multi-car or even military discounts. Always ask your provider about the full list of car insurance discounts it offers.

    wallet icon

    Increase your deductibles

    By agreeing to pay higher deductibles in the event of a claim, you can often lower your premium. Just make sure the deductibles are amounts you can comfortably afford. Collision and comprehensive have separate deductibles, but liability has no deductible

    driverLicense icon

    Maintain a good driving record

    Providers often reward safe driving with lower premiums. Avoid speeding tickets, DUIs, at-fault accidents and other violations to keep your rates down.

    calendar icon

    Pay annually or semi-annually

    Some providers offer discounts for paying your premium in one lump sum rather than monthly. If you can afford it, this is an easy way to save.

    loanReview icon

    Review your coverage annually

    As your life changes, so do your coverage needs. Make it a habit to review your policy annually and shop around for quotes to ensure you're getting the best deal without sacrificing necessary coverage.

    ten icon

    Remember the 10% rule

    Use the 10% rule as a guide to ensure you're not overpaying for full coverage. If your annual premium exceeds 10% of your car's actual cash value, consider adjusting your coverage.

Full Coverage Car Insurance FAQ

Finding the best full coverage car insurance is a personal process, unique to your own needs and situation. MoneyGeek answers common questions to guide you in making the right coverage choices.

Is full coverage better than liability-only car insurance?
How can I save on full coverage car insurance?
What is the 10% rule in car insurance?
Does full coverage cover everyone?
How often should I review my full coverage car insurance policy?
Which common premium rating factors are prohibited in certain states?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.