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Cheap Full Coverage Car Insurance: What It Is and How to Find It

Full coverage auto insurance can pay out for theft, natural disasters and more, but it costs more than twice as much as minimum coverage, so it’s best to price shop.
Jan. 27, 2021
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Full coverage auto insurance means you have coverage for your own car, not just the other driver’s. It typically combines collision and comprehensive insurance, which pay out if your vehicle is damaged, plus liability coverage, which pays for injuries and damage you cause to others.

Since it covers more situations, full coverage car insurance is pricier than liability coverage alone. To find cheap full coverage insurance, it’s important to shop around for the best rates.

» MORE: Compare car insurance rates

What is full coverage car insurance?

Full coverage car insurance isn’t a specific type of policy, but typically a combination of required and optional coverage.

Full coverage car insurance may include:

Coverage typeWhat it pays forRequired?
Bodily injury liabilityMedical costs due to injuries or deaths from an accident you caused.Generally required.
Property damage liabilityRepair costs for property you damaged in an accident.Generally required.
Uninsured motorist bodily injury liability Medical costs after an accident with an uninsured driver.Required on all policies in 20 states and Washington, D.C.
Uninsured motorist property damage coverageRepair costs after an accident with an uninsured driver.Required on all policies in 7 states and Washington, D.C.
Collision coverageRepair costs to your car if you cause a crash with another vehicle or run into an object, such as a tree or a telephone pole.Typically optional. A car loan or lease may require it.
Comprehensive coverageRepair costs from events outside your control — including weather, hitting an animal while driving, theft and vandalism.Typically optional. A car loan or lease may require it.

But full coverage auto insurance doesn’t cover everything. If you want extras like new-car replacement insurance, emergency roadside assistance or custom parts and equipment coverage, you may need to add them separately.

» MORE: Roadside assistance: Where to get it, what to ask

How much is full coverage insurance?

The national average cost of full coverage auto insurance in 2021 is $1,592 per year for a 40-year-old good driver with good credit, according to a NerdWallet analysis of rates.

Although it’s one of the largest insurers in the country, Liberty Mutual is not included in our analysis because it does not provide average rates.

Insurers use a credit-based insurance score that looks at such factors as payment history and outstanding debt, and is different from your regular credit score. The cost of full coverage climbs for drivers with blemishes on their record or multiple cars to insure.

National average rates for full coverage car insurance are:

  • $1,592 for a good driver with good credit.
  • $2,439 after an at-fault wreck.
  • $2,812 for a good driver with poor credit.
  • $3,114 after a DUI.

» MORE: Average car insurance costs

How to find cheap full coverage insurance

Full coverage auto insurance gives you much better protection than state-mandated minimums — especially for wrecks that aren’t your fault — but it also means higher rates.

» MORE: Minimum car insurance requirements by state

To find cheap full coverage auto insurance, it’s important to shop around. The price you pay for full coverage depends partly on personal factors, such as your credit and accident history.

Another important factor is the company you choose. On average, you can save over $1,000 a year or more by picking the cheapest company available to you instead of the most expensive — and that’s considering only six of the seven biggest auto insurers in the nation. In many cases, going with a small, regional insurer can save you even more.

Nationwide, here are average annual prices for full coverage insurance from the six of the seven largest car insurance companies:

*USAA is available only to active military, veterans and their families.

Average rates reflect a policy with liability, collision, comprehensive and uninsured motorist coverage and other state-required coverage where needed. The sample driver is 40 years old with no moving violations and a good insurance credit score.

» MORE: NerdWallet’s auto insurance reviews for 2021

Full coverage insurance vs. minimum: 2021 rates

NerdWallet compared 2021 rates for minimum and full coverage auto policies across the country. Among the largest companies, we found that full coverage auto insurance costs more than twice as much as minimum coverage, on average.

Full coverage vs. minimum average annual rates by company

CompanyFullMinimumAnnual difference
Geico$1,268$380$888
State Farm$1,491$550$941
Progressive$1,562$577$985
Farmers$1,830$656$1,174
Allstate$2,381$759$1,622
USAA$1,169$419$751
*USAA is available only to active military, veterans and their families.

» MORE: Comparing Allstate, Geico, Progressive and State Farm car insurance

Full coverage vs. minimum average annual rates by state

Prices vary even more by state. Compare average rates below for minimum and full coverage car insurance in each state.

StateFull coverageMinimum coverageAnnual difference
Alabama$1,501$474$1,027
Alaska$1,521$417$1,104
Arizona$1,536$567$968
Arkansas$1,883$495$1,388
California$1,911$617$1,294
Colorado$2,012$528$1,484
Connecticut$1,791$841$950
Delaware$1,733$823$910
Florida$2,321$685$1,636
Georgia$1,820$757$1,063
Hawaii$1,049$326$723
Idaho$998$320$678
Illinois$1,397$468$929
Indiana$1,179$383$796
Iowa$1,151$255$896
Kansas$1,600$464$1,136
Kentucky$2,363$790$1,574
Louisiana$2,762$895$1,867
Maine$963$372$591
Maryland$1,872$860$1,011
Massachusetts$1,100$431$669
Michigan$2,387$1,128$1,259
Minnesota$1,418$559$859
Mississippi$1,636$498$1,138
Missouri$1,526$484$1,043
Montana$1,726$362$1,364
Nebraska$1,376$365$1,010
Nevada$2,161$839$1,322
New Hampshire$1,169$429$740
New Jersey$1,860$851$1,009
New Mexico$1,418$390$1,028
New York$2,131$1,070$1,061
North Carolina$1,212$410$801
North Dakota$1,195$352$843
Ohio$989$351$638
Oklahoma$1,748$451$1,297
Oregon$1,358$670$688
Pennsylvania$1,406$431$974
Rhode Island$2,043$842$1,201
South Carolina$1,652$606$1,046
South Dakota$1,455$301$1,154
Tennessee$1,298$400$898
Texas$1,610$560$1,050
Utah$1,390$577$813
Vermont$1,123$338$785
Virginia$1,248$478$771
Washington$1,234$457$777
Washington, D.C.$1,880$736$1,144
West Virginia$1,605$517$1,088
Wisconsin$1,160$361$799
Wyoming$1,369$335$1,035

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

Cheap full coverage insurance by state

Use the calculator below to see which companies offer cheap full coverage car insurance near you.

Cheap full coverage insurance by age

Age will also have an impact on your full coverage insurance quotes. In a separate 2020 rates analysis, NerdWallet found teen drivers have higher car insurance rates than any other age group on average. Rates for full coverage auto insurance generally start to decrease as you age and gain more driving experience, until you reach your 70s.

To find these rates, we looked at 2020 average car insurance rates for young drivers from the five largest auto insurance companies in every ZIP code in all 50 states and Washington, D.C. The top five car insurers in the country are State Farm, Geico, Progressive, Allstate and USAA.

Average full coverage vs. minimum insurance by age

AgeFullMinimumAnnual difference
16$6,457$2,497$3,960
17$5,216$1,979$3,237
18$4,532$1,667$2,865
19$3,327$1,185$2,142
20$2,982$1,040$1,942
21$2,454$852$1,602
22$2,265$790$1,475
23$2,104$727$1,377
24$1,982$684$1,298
25$1,760$615$1,145
30$1,584$563$1,021
35$1,564$559$1,005
40$1,536$554$982
45$1,522$551$971
50$1,448$535$913
55$1,420$525$895
60$1,415$526$889
65$1,457$550$907
70$1,536$588$948
75$1,701$661$1,040
80$1,894$748$1,146

Cheap full coverage insurance companies by age

Across all ages, Geico had the cheapest average annual rates for widely available full coverage insurance. USAA, which is offered to active military, veterans and their families only, was often cheapest or second-cheapest for all ages.

Who needs full coverage insurance?

Full coverage insurance isn’t required by law. Many states mandate only a small amount of auto liability insurance. But that won’t cover your injuries or car repairs — only damage or injuries you cause others.

» MORE: Minimum car insurance requirements by state

If you have an auto loan or lease, your lender likely requires you to buy collision and comprehensive coverage. The vast majority of companies offer these policies, but some insurers don’t let you purchase one without the other.

Buying full coverage auto insurance may be a 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.
  • You can’t afford to repair or replace your car if it’s wrecked or stolen.

For an older vehicle, however, full coverage may not be worth the cost. Comprehensive and collision insurance reimburse you only up to the cash value of your car at the time it’s damaged or stolen. And they usually have an insurance deductible, an amount you’re expected to pay out of pocket toward repair or replacement.

» MORE: Understanding comprehensive and collision insurance

Imagine it costs you $600 per year for comprehensive and collision and you have a $1,000 deductible. If your car is worth $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 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, gap insurance and medical payments insurance all pay for expenses full coverage car insurance won’t. If you’re on the fence, play with the coverage options you see online when shopping for car insurance quotes.

» MORE: Car insurance quotes: What you need to know

Comparing full coverage insurance quotes

When you shop for car insurance from different carriers, it’s important to compare quotes for the same coverage. Otherwise, you might think you got a good price, only to find that your coverage is lacking when it’s time to file a claim.

When comparing quotes for full coverage car insurance, be sure to:

  • Use the same deductibles and liability limits across quotes. This way, you’re comparing prices for the same coverage. And when choosing collision and comprehensive deductibles, stick to an amount you could come up with for repairs after a crash.
  • Compare add-on coverage details. Options like gap insurance, accident forgiveness and pet injury coverage vary from one insurer to the next. Be sure to check each company’s website for details and restrictions.
  • Provide the same information every time. If you’re using multiple tools to get quotes, make sure the drivers, cars, address and driving history all match.

Full coverage frequently asked questions

What does full coverage insurance cover?

Full coverage isn’t a specific policy, but generally includes several types of coverage including liability insurance, comprehensive and collision coverage and any other coverage needed to meet the state’s minimum insurance requirements.

What isn’t included in full coverage?

Despite the name, full coverage insurance doesn’t include everything. Coverage that might not be considered full coverage depending on your state minimums include:

Who has the cheapest full coverage auto insurance?

Geico has the cheapest full coverage auto insurance rates on average per year out of the nation’s five largest insurers (besides USAA), according to NerdWallet’s 2021 rates analysis. Although USAA has the cheapest rates, it is available to military, veterans and their families only. However, rates vary depending on your age, gender, location and other factors. Our best cheap car insurance list is a good starting point to find the cheapest rates for you.

Is full coverage car insurance worth it?

Policies with full coverage pay out if your car is damaged, while minimum insurance typically only covers damage to another car or person. If you don’t want to be stuck paying for damage to your car, or wouldn’t be able to afford it, you may want to pay for extra coverage. In particular, drivers who live in areas with extreme weather conditions, own an expensive vehicle or have a high-traffic commute might benefit from full coverage insurance. Shop around for car insurance quotes to find the best full coverage insurance for you.

When can you drop full coverage insurance?

If you have an older car and it isn’t worth much more than your deductible, consider dropping comprehensive and collision coverage. But remember, if you have a car loan or lease, your contract may require you to have full coverage insurance.

AVERAGE RATES METHODOLOGY

NerdWallet averaged rates based on public filings obtained by pricing analytics company Quadrant Information Services. We examined rates for 40-year-old men and women for all ZIP codes in any of the 50 states and Washington, D.C.

Although it’s one of the largest insurers in the country, Liberty Mutual is not included in our analysis because it does not provide average rates.

In our analysis, “good drivers” had no moving violations on record; a “good driving” discount was included for this profile. Our “good” and “poor” credit rates are based on credit score approximations and do not account for proprietary scoring criteria used by insurance providers. These are average rates, and your rate will vary based on your personal details, state and insurance provider.

Sample drivers had 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 coverage was added. We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with minimum coverage, we adjusted the numbers above to reflect only the minimum coverage required by law in the state.
  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for drivers with poor credit. In four states (CA, HI, MA, MI) where insurers are legally banned from using credit to set rates, our rates for “good” credit and “poor” credit are identical.
  • For drivers with one at-fault crash, we added a single at-fault crash costing $10,000 in property damage.
  • For drivers with a DUI, we added a single drunken driving violation.

We used a 2018 Toyota Camry LE in all cases and assumed 12,000 annual miles driven. In all cases, a paperless discount, e-signature discount and electronic funds transfer discount were automatically applied. These are sample rates generated through Quadrant Information Services. Your own rates will be different.

Rates by age methodology

NerdWallet averaged insurance estimates from the largest insurers in all 50 states and Washington, D.C., for single male and female drivers with good credit and no tickets or violations. For full coverage insurance, we used the following coverage limits:
  • $100,000 bodily injury liability per person.
  • $300,000 bodily injury liability per accident.
  • $50,000 property damage liability per accident.
  • $100,000 uninsured motorist coverage per person.
  • $300,000 uninsured motorist coverage per accident.
  • Collision coverage with a $1,000 deductible.
  • Comprehensive coverage with a $1,000 deductible.
In states where required, minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion.
  • For drivers with minimum coverage, we adjusted the numbers above to reflect minimum required coverage by law in the state.
  • We used a 2017 Toyota Camry LE for all drivers and assumed 12,000 annual miles driven.
  • We analyzed rates for drivers of the following ages: 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 30, 35, 40, 45, 50, 55, 60, 65, 70, 75 and 80.
These are rates generated through Quadrant Information Services. Your own rates will be different.

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