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Finding Cheap Full Coverage Car Insurance

Full coverage auto insurance can pay out for theft, natural disasters and more, but it costs more than basic coverage, so it’s best to price shop.
June 14, 2018
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We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

If you’ve heard about full coverage car insurance but aren’t sure what it actually covers or where you can find it, here’s what you should know before deciding whether it’s right for you.

What is full coverage auto insurance?

Full coverage car insurance sounds great, but the term is a bit misleading. “Full coverage” generally refers to policies that include collision and comprehensive insurance, which only cover specific situations, in addition to liability insurance.

What does full coverage car insurance actually cover?

Many states mandate that drivers buy only a small amount of auto liability insurance. If you cause a crash, this coverage helps pay for the treatment of other people’s injuries and repairs to their property. But liability insurance won’t cover your vehicle’s repairs; it only covers damage or injuries you cause others. Collision and comprehensive insurance fill these gaps:

  • Collision coverage pays for repairs to your car if you cause a crash with another vehicle or run into an object, such as a tree or a telephone pole.
  • Comprehensive coverage pays to repair or replace your car if it’s stolen or damaged by a covered cause, such as an animal collision, weather, a falling object, fire or vandalism.

Comprehensive and collision coverage work differently than liability insurance, too:

  • Comprehensive and collision coverages reimburse you only up to the value of your car at the time it’s damaged. Liability coverages pay out up to specified limits, which are typically much higher than the value of a car.
  • Both coverages typically come with a deductible, which is the amount your insurer will subtract from a claim payment for you to pay out of pocket. Typical amounts are $500 and $1,000, with higher deductibles translating to lower premiums.

» MORE: Find out what your car is worth

How much is full coverage car insurance?

Comprehensive and collision coverage gives you much better insurance protection than mandated minimums, but having that protection means higher rates.

To get an idea of how much higher, NerdWallet looked at rates for liability-only policies and full coverage auto policies across the country:

StateAverage annual price: Minimum required coverageAverage annual price: Full coverageAnnual difference
Average$699$1,537$838
Alabama$563$1,367$804
Alaska$419$1,105$686
Arizona$684$1,527$843
Arkansas$578$1,449$871
California$629$1,654$1,025
Colorado$713$1,738$1,025
Connecticut$1,029$1,984$955
Delaware$1,209$2,350$1,141
District of Columbia$842$1,558$716
Florida$1,253$2,355$1,102
Georgia$727$1,523$796
Hawaii$676$1,637$961
Idaho$389$990$601
Illinois$706$1,389$683
Indiana$493$1,091$598
Iowa$309$968$659
Kansas$585$1,297$712
Kentucky$1,092$2,185$1,093
Louisiana$995$2,789$1,794
Maine$431$961$530
Maryland$924$1,644$720
Massachusetts$540$1,179$639
Michigan$2,696$3,986$1,290
Minnesota$824$1,598$774
Mississippi$612$1,669$1,057
Missouri$683$1,581$898
Montana$428$1,457$1,029
Nebraska$431$1,126$695
Nevada$679$1,721$1,042
New Hampshire$495$1,041$546
New Jersey$1,095$2,069$974
New Mexico$576$1,416$840
New York$1,161$2,017$856
North Carolina$527$1,027$500
North Dakota$393$1,148$755
Ohio$548$1,106$558
Oklahoma$561$1,645$1,084
Oregon$1,063$1,782$719
Pennsylvania$475$1,303$828
Rhode Island$977$2,017$1,040
South Carolina$524$1,167$643
South Dakota$330$1,083$753
Tennessee$499$1,294$795
Texas$826$2,452$1,626
Utah$695$1,284$589
Vermont$396$1,035$639
Virginia$431$1,039$608
Washington$545$1,009$464
West Virginia$635$1,501$866
Wisconsin$491$1,084$593
Wyoming$329$1,085$756

These average rates can help you know what to expect, but to get the cheapest full coverage insurance possible, you’ll want to shop around.

» COMPARE: Car insurance quotes

The rate increases are steep in some states, but just one comprehensive or collision claim can make the cost worth it. Replacing a stolen car or repairing your vehicle after a crash could mean paying thousands of dollars out of your own pocket if you don’t have the right insurance.

Where to buy full coverage car insurance

Full coverage is commonly available from any auto insurance company. We looked at average prices from the four largest car insurers for a policy that includes liability, collision, comprehensive, uninsured motorist bodily injury coverage and other state-required coverages where needed.

Company
Average quote for full coverage
Find your own price
Geico NW
Geico
$98/month
State Farm car insurance
State Farm
$114/month
Allstate2018
Allstate
$144/month
Progressive_genericlogoProgressive
$151/month

» MORE: Read NerdWallet’s 2018 auto insurer reviews

Who needs full coverage car insurance?

If you have an auto loan, your lender might require you to buy full coverage auto insurance. Aside from that, comprehensive and collision are optional, although some insurers don’t let you add collision insurance without comprehensive.

Comprehensive and collision coverage is a particularly sound investment if:

  • You have a new or expensive car.
  • You regularly commute in heavy traffic.
  • You live in a place with extreme weather, high car theft rates or a high risk of animal collisions.

However, the older your vehicle and the lower its value, the less benefit there is to having full coverage car insurance. Imagine it costs you $600 per year to add comprehensive and collision and you have a $1,000 deductible. If your car is worth only $2,000, a claim check would be $1,000 at most — only $400 more than you paid for the coverage. Checking your car’s current value here can help you decide whether full coverage makes sense.

Even with full coverage, there are other policy options you might need. For example, uninsured motorist coverage, towing and labor service, and medical payments insurance all provide coverage that collision and comprehensive won’t.

How will various policy changes affect your rates? You can get insurance quotes using NerdWallet’s tool and compare estimates to see for yourself.

To recap key questions and answers:

Full coverage car insurance
What is full coverage car insurance?“Full coverage” generally refers to policies that include collision and comprehensive insurance — which actually cover very specific risks — in addition to liability insurance.
Where can I buy full coverage car insurance?Full coverage is commonly available from any auto insurance company; Geico came out the cheapest among the largest four insurers in our study of rates.
NerdWallet averaged rates for 30-year-old men and women with no incidents on record for 10 ZIP codes in each state and Washington, D.C., from the largest insurers, up to 12 in each state. Rates in the first column of the table of averages are for minimum insurance coverage required by law in each state.

For the full coverage category, we averaged rates from the largest insurers for 30-year-old men and women in 10 ZIP codes and with the following coverage limits:

  • $100,000 bodily injury liability coverage per person
  • $300,000 bodily injury liability coverage per crash
  • $50,000 property damage liability coverage per crash
  • $100,000 uninsured motorist bodily injury coverage per person
  • $300,000 uninsured motorist bodily injury coverage per crash
  • Collision coverage with $1,000 deductible
  • Comprehensive coverage with $1,000 deductible

In states where required, minimum additional coverages were added. We used a 2014 Toyota Camry in all cases. These are sample rates generated through Quadrant Information Services. Your own rates will be different.