The Cheapest Full Coverage Car Insurance for 2022
Getting the cheapest full coverage auto insurance will depend on where you live, what kind of car you drive, and which insurance company you choose.
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UPDATED: Aug 22, 2022
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Table of Contents
- Full coverage car insurance costs an average of $150 per month or around $1,800 per year
- Affordable full coverage car insurance rates will vary based on your age, driving record, and what state you live in
- Erie Insurance offers the cheapest full coverage auto insurance coverage in 12 states
Finding the cheapest insurance for full coverage can take some time, as your own rates will vary based on your age, driving history, and where you live. But researching car insurance coverage options and comparing quotes online will save you money down the road.
In this guide, we found that Erie Insurance and State Farm offer the best rates for cheap full coverage auto insurance. Erie also offers the most reasonable rates to teens and young drivers. However, high-risk drivers with multiple speeding tickets or accidents on their record will get more affordable rates from Metromile or USAA.
Keep reading to learn which company offers the cheapest full coverage auto insurance in your state by age and driving record.
Table of Contents
Cheapest Full Coverage Car Insurance
If you’re looking for the cheapest insurance, full coverage will be more expensive than liability-only. However, full coverage offers more protection on the road and saves you from paying out of pocket for auto repairs after an accident or collision.
How much does full coverage car insurance cost? On average, full coverage rates are $150 per month ($1,800 per year). This is more than double the average liability-only rate of $60 per month.
Take a look at this table to compare average auto insurance rates for full coverage vs. liability-only:
Insurance
CompanyAverage Minimum
Coverage RatesAverage Full
Coverage Rates
Allstate $605 $1,993
American Family $582 $1,386
Farmers $674 $1,674
GEICO $290 $984
Liberty Mutual $771 $2,120
Nationwide $588 $1,445
Progressive $484 $1,310
State Farm $408 $1,091
Travelers $471 $1,287
USAA $238 $753
Average $541 $1,477
Despite having higher rates than liability insurance, full coverage auto plans are still very competitive when you know where to shop. Start by comparing quotes from these top three companies that offer the cheapest full cover insurance.
Cheapest Full Coverage on Average — State Farm
State Farm auto insurance is the best car insurance for full coverage — monthly rates are around $1,091 per year. It is the most popular insurance company in the country and consistently ranks in the top 10 for customer satisfaction across the U.S. by J.D. Power.
Cheapest Full Coverage for Young Drivers — Erie Insurance
Erie is a small, regional insurer, but it offers the cheapest full coverage auto insurance rates to young drivers under 25. Unfortunately, coverage is only available in 12 states. Farm Bureau and State Farm offer the next-cheapest full coverage insurance for young drivers in all 50 states.
Cheapest Full Coverage for High-Risk Drivers — USAA
USAA auto insurance is the best full coverage car insurance company for high-risk drivers with speeding tickets, accidents, or DUIs on their records. Monthly rates average $1,063 per year, but policies are only available to military members and their families.
Keep in mind that high-risk drivers may not be able to shop with standard insurers, depending on their driving records and risk categories. Scroll down to learn which companies offer the cheapest full coverage car insurance based on driving record so you can get the best rates.
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Which companies offer the cheapest full coverage car insurance?
State Farm, Erie, and USAA may provide the best full coverage auto insurance, but limitations do apply. For example, coverage with Erie isn’t available in every state, and USAA only offers policies to military members.
So, which companies offer full coverage insurance at cheap rates in your area? The table below shows regional and national car insurance companies with cheap full coverage policies:
- State Farm
- Travelers
- Nationwide
- Erie
- GEICO
- Farm Bureau
- American Family
- Auto-Owners
- Progressive
- Allstate
Let’s take a look at the average annual full-coverage auto insurance rates for the top U.S. auto insurance companies.
State Farm offers consistently cheap rates and is available in all 50 states. However, a local insurer in your city could offer cheaper full coverage auto insurance to drivers like you. That’s why it’s important to compare multiple insurance quotes from the companies in your area to find the best possible rates.
Start comparing now with the full coverage auto insurance quotes below for drivers by state, driving record, and age.
Cheapest Full Coverage Car Insurance by State
Why does auto insurance vary from state to state? The population density in your state and city impacts local traffic accidents and auto theft rates. All of these variables increase your risk to the insurance company, along with your age, gender, and the kind of car you drive.
State laws also determine the minimum car insurance every driver must carry. So, for example, your full coverage policy will extend beyond the liability-only limits. Still, your rates will be higher if your state also requires personal injury protection or medical payment coverage.
Here are the cheapest states for full coverage auto insurance:
And here are the five states with the most expensive annual full coverage rates.
If you live in Idaho, Iowa, Maine, Virginia, or Washington State, you pay the lowest rates for full coverage auto insurance. Take a look at this table below to see how much full coverage auto insurance costs in your state:
State Allstate American Family Farmers Geico Liberty Mutual Nationwide Progressive State Farm Travelers USAA Average
AK $1,667 $1,195 $807 $737 $1,223
AL $1,332 $1,644 $1,099 $1,999 $1,189 $1,388 $1,337 $972 $691 $1,370
AR $2,007 $1,120 $1,227 $1,581 $1,620 $989 $1,367 $674 $1,416
AZ $2,226 $1,664 $808 $1,436 $1,039 $999 $1,292 $780 $1,352
CA $1,996 $1,553 $1,732 $1,774
CO $2,054 $1,457 $2,010 $1,161 $1,133 $1,324 $1,490 $1,168 $960 $1,475
CT $2,421 $768 $2,486 $1,382 $1,641 $1,126 $1,030 $956 $1,550
DC $2,976 $855 $2,126 $1,420 $1,371 $592 $1,750
DE $2,555 $1,243 $6,117 $1,777 $1,115 $1,431 $1,019 $532 $2,180
FL $2,263 $1,103 $1,995 $1,272 $1,889 $1,223 $578 $1,624
GA $2,035 $754 $3,259 $1,878 $1,417 $1,324 $879 $1,778
HI $1,113
IA $1,169 $1,008 $1,006 $1,432 $900 $930 $804 $1,143 $678 $1,049
ID $1,587 $1,148 $1,139 $708 $975 $1,018 $653 $707 $495 $992
IL $2,172 $1,405 $587 $935 $1,146 $1,103 $796 $1,077 $767 $1,153
IN $1,729 $1,328 $977 $785 $2,269 $1,198 $849 $872 $856 $529 $1,207
KS $1,973 $1,408 $1,781 $923 $2,148 $1,141 $1,575 $1,003 $1,071 $697 $1,447
KY $988 $2,080 $2,277 $1,377 $1,212 $1,725 $886 $1,610
LA $2,547 $1,739 $1,990 $1,537 $1,211 $1,953
MA $1,342
MD $2,481 $1,671 $1,313 $1,493 $1,322 $990 $1,656
ME $1,334 $1,446 $454 $1,485 $1,166 $724 $759 $455 $1,053
MI $5,017 $4,140 $1,219 $5,250 $3,184 $1,880 $2,585 $2,268 $1,320 $3,193
MN $1,977 $1,156 $1,333 $1,118 $4,640 $1,070 $828 $837 $1,732
MO $1,831 $1,313 $1,674 $1,112 $1,597 $816 $1,212 $1,051 $618 $1,326
MS $1,822 $886 $1,477 $1,190 $1,487 $1,018 $1,092 $671 $1,282
MT $1,903 $2,025 $1,020 $726 $1,093 $2,109 $870 $614 $1,392
NC $2,095 $851 $1,020 $1,367 $393 $949 $1,228 $1,129
ND $1,679 $1,793 $1,324 $749 $4,919 $949 $1,364 $943 $542 $1,715
NE $1,545 $1,381 $1,606 $1,139 $2,213 $952 $1,175 $850 $687 $1,358
NH $1,585 $624 $2,453 $953 $785 $729 $510 $1,188
NJ $1,948 $2,861 $917 $3,446 $1,154 $1,403 $1,679 $1,915
NM $1,958 $1,615 $1,119 $1,186 $1,069 $855 $799 $1,300
NV $2,046 $1,734 $1,915 $1,361 $1,375 $1,386 $1,018 $1,272 $1,122 $851 $1,470
NY $1,820 $963 $2,473 $2,026 $1,188 $1,695 $2,159 $1,053 $1,761
OH $1,483 $764 $1,193 $728 $1,311 $1,408 $1,051 $863 $784 $507 $1,065
OK $1,668 $1,684 $1,350 $2,279 $1,362 $1,122 $839 $1,577
OR $1,896 $1,313 $1,378 $1,155 $1,738 $1,372 $959 $926 $1,197 $720 $1,326
PA $1,829 $843 $2,704 $1,066 $1,834 $938 $931 $705 $1,449
RI $2,333 $1,547 $2,905 $2,351 $1,438 $939 $1,275 $801 $1,827
SC $1,650 $2,059 $979 $1,459 $1,294 $1,089 $851 $1,422
SD $1,682 $1,867 $1,398 $706 $2,849 $943 $1,298 $827 $1,446
TN $1,777 $1,065 $970 $1,464 $1,141 $895 $1,090 $723 $1,200
TX $2,488 $2,171 $1,303 $1,908 $1,493 $1,109 $772 $1,745
UT $1,442 $1,296 $1,417 $906 $1,466 $1,154 $1,174 $1,269 $614 $1,266
VA $1,277 $859 $1,061 $754 $785 $537 $947
VT $1,759 $469 $1,242 $954 $2,233 $1,079 $523 $1,289
WA $1,415 $1,130 $1,260 $922 $1,140 $866 $746 $858 $565 $1,042
WI $1,521 $774 $1,346 $766 $1,039 $2,797 $1,158 $721 $578 $1,265
WV $2,000 $1,030 $2,419 $1,288 $1,362 $979 $828 $1,513
WY $1,918 $1,604 $1,369 $922 $1,017 $705 $1,366
Not every insurance company writes policies in every state. So, you may be unable to find local agents or buy policies from the regional insurers on our list. Only GEICO, Farm Bureau, USAA, Allstate, and State Farm offer cheap insurance for full coverage on policies that are available in all 50 states and Washington, D.C.
Cheapest Full Coverage Car Insurance After Getting a Ticket
Auto insurance rates can jump 25% or more after a speeding ticket, and reckless driving violations can increase your rates even more. If you were recently ticketed, compare quotes from the best auto insurance companies for drivers with speeding tickets to see which insurer can offer you the best rates.
These are the average full coverage car insurance rates for the top insurance companies after getting a ticket:
Insurance Company Rates with a Ticket Rates with a Clean Record
Allstate $2,342 $1,993
American Family $1,571 $1,386
Farmers $2,108 $1,674
GEICO $1,282 $984
Liberty Mutual $2,600 $2,120
Nationwide $1,737 $1,445
Progressive $1,710 $1,310
State Farm $1,227 $1,091
Travelers $1,780 $1,287
USAA $859 $753
Average $1,818 $1,477
USAA offers the cheapest rates for speedy drivers, but coverage is limited to active military members, veterans, and their immediate families. GEICO and State Farm offer the next most competitive rates.
If you have multiple speeding tickets, it will raise your risk with insurance companies. You may be limited to only high-risk companies. In that case, companies like The General, which specialize in high-risk auto insurance, will likely offer you the cheapest rates on full coverage.
Cheapest Full Coverage Car Insurance Rates After an Accident
If you want cheap full coverage insurance, auto accidents are one thing you need to avoid. While most insurers forgive your first accident, many will raise your rates or drop coverage entirely if you get into multiple accidents during your annual policy term.
The best auto insurance companies for high-risk drivers will offer competitive rates for full coverage car insurance. Compare quotes in the table below to find the most affordable insurer near you:
Insurance Company Rates with an Accident Rates with a Clean Record
Allstate $2,848 $1,993
American Family $2,000 $1,386
Farmers $2,383 $1,674
GEICO $1,595 $984
Liberty Mutual $2,840 $2,120
Nationwide $1,983 $1,445
Progressive $2,284 $1,310
State Farm $1,285 $1,091
Travelers $1,888 $1,287
USAA $996 $753
Average $2,123 $1,477
USAA, State Farm, and GEICO continue to offer competitive rates to drivers with accidents and speeding tickets.
However, if usage-based auto insurance is available in your state, you may be able to pay even less for full coverage. For example, companies like State Farm, GEICO, and smaller insurers like Metromile or Root Insurance use telematics systems to track your mileage and driving habits.
Usage-based auto rates are calculated by how many miles you drive monthly, which can help high-risk drivers save a lot of money on auto insurance if they drive fewer than 800 miles per month.
Cheapest Full Coverage Car Insurance Rates for Teens
Teens and young drivers often pay the most for auto insurance coverage. This is because insurance companies consider their inexperience behind the wheel as high-risk and charge higher rates.
Buying liability-only can reduce teen car insurance rates, but young drivers are better protected with a full coverage policy. This table compares rates from the cheapest full-coverage auto insurance companies for teens and young drivers under 25:
Insurance Company 16-Year-Old Male With a Clean Record 16-Year-Old Female With a Clean Record 18-Year-Old Male with a Clean Record 18-Year-Old Female with a Clean Record
Allstate $7,654 $7,299 $6,223 $5,381
American Family $5,761 $4,682 $4,684 $3,452
Farmers $8,901 $9,330 $7,238 $6,879
GEICO $3,743 $3,573 $3,043 $2,635
Liberty Mutual $9,339 $8,592 $7,593 $6,335
Nationwide $5,714 $4,926 $4,646 $3,632
Progressive $9,766 $9,617 $7,941 $7,090
State Farm $4,191 $3,730 $3,408 $2,750
Travelers $10,762 $8,506 $8,750 $6,271
National Average $7,315 $6,695 $5,947 $4,936
GEICO and State Farm offer cheaper rates to teen drivers, followed closely by American Family and Nationwide.
However, if you live in one of the 12 states where Erie Insurance is available, you will find the most competitive rates on auto insurance for drivers under 25. Erie offers cheap full coverage insurance to young drivers in Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wisconsin, and Washington, D.C.
What is a full coverage policy?
Fully comprehensive car insurance covers three different types of accident damages:
- Liability. Covers damages you cause to others in an at-fault accident.
- Collision. Covers damages you sustain in a collision with another vehicle or stationary object.
- Comprehensive. Covers damages caused by natural disasters or unforeseen events, such as hail storms, fire, or vandalism.
The difference between full coverage insurance and liability-only coverage is that full coverage policies extend protection for damage or loss to your vehicle. The policy is considered “full” because it includes all liability coverage required by law while offering additional protections for you and your passengers in the event of an accident.
The collision and comprehensive policies make full coverage unique. Combined, the policies provide drivers with more than enough coverage. However, you can adjust your coverage to accommodate new cars and drivers on your policy or reduce your monthly rates and save money.
What other coverages could be included in a full coverage policy?
As we discussed earlier, state laws determine how much auto insurance you must carry. In addition, some states require the following additional coverage that can be included in a full coverage policy:
- Personal injury protection (PIP). It covers medical costs and lost wages if you or your passengers are injured in an accident or collision.
- Medical payments coverage (MedPay). It covers medical costs for injuries sustained by you and your passengers.
- Uninsured/Underinsured motorist protection. It covers damages and injuries caused by a hit-and-run or uninsured/underinsured driver.
- GAP insurance. Although not required by law, you may want to buy GAP insurance if you’re financing your vehicle.
Most companies also offer auto insurance add-ons that boost a policy with additional coverage, including roadside assistance or new car replacement.
How to Find Cheap Full Coverage Car Insurance
Full coverage car insurance is a type of policy that extends your coverage beyond liability-only insurance. It includes coverage for collision and comprehensive damages, but policy rates are higher. However, drivers pay less out of pocket after an accident with full coverage insurance.
You can get more affordable full coverage auto insurance if you raise your deductibles and lower your coverage limits. However, this strategy is only recommended if you drive an older vehicle or can afford to repair or replace your car since you’ll be paying more out of pocket in return for lower annual rates.
Since full coverage auto insurance costs more up front, it’s important to shop around with multiple companies to see which can offer you the best monthly rates. Auto insurance costs vary based on your age and driving record, so search for companies that cater to your unique driving situation.
If you want to save the most on car insurance, compare auto insurance quotes from at least three companies in your area. Comparing rates from multiple companies side by side is the fastest way to find one with the cheapest full-coverage car insurance.
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Frequently Asked Questions
What does full coverage car insurance cover?
Full coverage auto insurance covers liability, collision, and comprehensive claims. The policy is considered “full” because it includes all liability coverage required by law while offering additional protections for you and your passengers in the event of an accident, collision, natural disaster, theft, or vandalism.
Do I need full coverage on a financed car?
If you’re financing your car, check your loan before you buy auto insurance. Most lenders require drivers to carry full coverage until the vehicle loan is paid off.
Once you pay off the vehicle, you can drop any coverages you don’t want as long as you continue to carry your state’s liability minimums.
Does full coverage car insurance replace your vehicle?
Full coverage auto insurance does not pay to replace your vehicle, but it will cover the actual cash value of the car if it’s totaled in an accident. You’ll receive a payout for the value of your vehicle at the time of the accident.
If you’re interested in new car replacement, you must shop with companies offering that policy add-on. You can also compare quotes for classic car and supercar insurance, as these policies provide unique coverage for vehicles that appreciate in value over time.
What’s the average cost of full coverage car insurance?
The average cost of full coverage auto insurance is $150 per month, or $1,800 per year. However, your full coverage rates will vary based on your age, ZIP code, and driving record.
Is full coverage car insurance mandatory?
State insurance laws don’t require full coverage insurance. However, your lender might have insurance minimums listed in the terms of your auto loan.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
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Written by
Rachel Bodine |
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Reviewed by
Daniel Walker
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