Car insurance rates can vary based on several factors. Learn how to get cheap full coverage auto insurance in your state, even for high-risk drivers.
The Cheapest Full Coverage Car Insurance for 2020
- Cheapest Full Coverage Car Insurance
Full coverage car insurance is typically more expensive than liability-only insurance. The addition of comprehensive and collision coverage increases the rate but offers broader protection for your vehicle. Comprehensive auto insurance provides coverage for glass damage, damage caused by weather, vandalism, theft and collision with an animal. Collision coverage will pay for damage to your vehicle caused by an accident, even if you’re at fault.
The cost for full coverage car insurance varies, so it’s best to get a personalized quote to get the best cheap full coverage in your state.
Which Companies Have the Cheapest Full Coverage Car Insurance?
We analyzed the largest auto insurance companies across all 50 states to find the nine companies with the cheapest full coverage car insurance rates. Each of these companies offers auto insurance coverage in at least 30 states across the U.S. Currently, the average cost across all companies for full coverage, which includes comprehensive and collision coverage with liability limits of 50/100/50, is $1,270 per year. Comparing the average price for this mid-level coverage, the three lowest-cost companies are:
The annual cost for the same coverage is $1,114, which is $156 less per year than the average.
While these rates are the average, they may not reflect the lowest price each customer will receive. It’s best to compare quotes from different auto companies using your personalized factors to determine which offers the best cheap full coverage car insurance. It’s also important to note that USAA only provides policies to military members, veterans and military families.
Comprehensive and Collision Coverage
Rates with these prices are provided based on a 40-year-old driver with a clean driving record. Many factors influence car insurance rates, including whether you chose liability-only or full coverage auto insurance, so it’s best to get a personalized quote based on your individual factors.
Compare Auto Insurance Rates
Ensure you are getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Full Coverage Car Insurance After Getting a Ticket
Accidents and tickets on your driving record could increase the cost of full coverage car insurance in your state, reducing your chances of getting cheap auto insurance rates. When comparing the average annual premium for full coverage insurance with 50/100/50 liability limits and comprehensive and collision coverage, the cost increase with a ticket is $759 per year.
Using the same 50 companies across the U.S., we were able to find the two lowest-cost companies offering 50/100/50 liability limits with comprehensive and collision coverage with one ticket. USAA came in as the lowest-cost company for these coverages, costing an average of $939 per year. This is $122 more expensive per year than not having a ticket. GEICO was the next cheapest, with an annual rate of $1,265, which is $324 higher than their average rate with a clean driving record.
Rates will vary widely based on the state you live in, the type of ticket received and other personalized factors. Getting an individual quote for these auto coverages will help determine which company is best for cheap full coverage car insurance.
Comprehensive and Collision Coverage With a Ticket
If you are involved in an accident, it could affect your chances of getting cheap full coverage car insurance rates. While not all accidents and claims will raise your rates, you should expect rates to adjust if you are involved in an accident. When comparing rates for the same 50 companies using 50/100/50 liability limits, comprehensive and collision coverage, the average rate increase is $1,130 more per year.
When quoting the average cost, the two lowest-cost companies for these coverages with an accident are USAA and State Farm. The average rate increase for USAA is $419 per year. For State Farm, the average rate increase is $320 per year.
Being labeled as a high-risk driver can be costly, but you can and should still get multiple quotes to ensure you get the best auto insurance rates for which you qualify.
Comprehensive and Collision Coverage With Accident
Cheapest Full Coverage Car Insurance With Increased Coverage Amounts
Increasing auto coverage from 50/100/50 to 100/300/100 may cost more, but it also provides broader protection if you cause injuries or property damage in an accident. These higher limits include $50,000 more in property damage, $50,000 more per injured person and up to $200,000 more in additional bodily injury protection.
Expect to pay an average of 37.37% more for 100/300/100 coverage compared to 50/100/50. The two lowest-cost companies for 100/300/100 liability limits, comprehensive and collision coverage are USAA and GEICO. These coverages cost $66 more in premium annually with USAA and $106 more with GEICO.
As you can see, rates can vary from company to company when comparing full coverage car insurance coverage. Getting personalized quotes will give you the true cost from each company when comparing liability limit changes.
Comprehensive and Collision Coverage
What Is Full Coverage Auto Insurance?
There is no single definition for full coverage car insurance, but it typically includes liability protection and comprehensive and collision coverage. Liability coverage protects the other person and property involved, while comprehensive and collision coverages protect your vehicle if it’s damaged.
Other coverages may be included in full coverage auto insurance, such as personal injury protection (PIP), medical payments, rental car coverage and roadside assistance. These additional coverages are considered optional and can be included in a quote for cost-comparison purposes.
How to Shop for the Cheapest Full Coverage Policy
One of the best ways to get cheap full coverage auto insurance is by shopping with several car insurance companies. Getting multiple personalized quotes to compare coverages doesn’t have to be difficult, and MoneyGeek can help. By comparing auto insurance rates and coverages, consumers can save up to 47%, even high-risk drivers.
To make the process easier, have the right information available when getting full coverage car insurance quotes. Here are some steps to take to get accurate auto insurance quotes:
Gather your information. To get an accurate quote, you'll typically need to enter your name, date of birth, address and driver’s license information for all household drivers, including yourself. You'll also need to know the year, make, model and VIN for each vehicle to be insured. Knowing your current coverages can help you find the best deal for full coverage.
Quote the same coverages. Whether you're comparing two or five different auto insurance companies, be consistent with the coverages you're using to compare. Use the same liability limits and comprehensive and collision deductibles to make an accurate comparison to find the best cheap full coverage car insurance.
Consider optional coverages. Add-ons can mean higher premiums, but they may be worth it to you. Accident forgiveness, gap insurance and rental car coverage are just a few of the options available. Optional coverages vary by company and may not be available to all customers.
MoneyGeek has analyzed rates across the board to help you find the best and cheapest full coverage car insurance in your state. The types of coverage offered by insurance providers vary, and that’s why it’s crucial to compare your own costs by getting customized quotes. Your individual situation and personalized needs are the best determining factors of how much you’ll pay for full coverage auto insurance. These tips and steps can give you a big head start in finding your best option.
Cheapest Full Coverage Car Insurance in Your State
Where you live matters, especially for car insurance rates. To learn how to get cheap full coverage auto insurance coverage in your state, select your location below:
Find Cheap Car Insurance by State
Average rates are calculated based on 50/100/50 comprehensive and collision coverage with a $1,000 deductible. These figures use a sample driver profile of a 40-year-old male driving a Toyota Camry with no record of tickets or accidents. MoneyGeek also analyzed a similar persona to define average rates for drivers with a ticket or accident on their record and a driver who chose 100/300/100 coverage. Learn more about premium costs and MoneyGeek’s Methodology.
About the Author
Mandy Sleight has been a freelance writer and a licensed insurance producer since 2005. She has extensive knowledge of property and casualty insurance as well as life and health insurance. She writes on topics including insurance, sustainability, budgeting, nutrition and fitness.