Full coverage car insurance is not a specific type of insurance, but the term is often used to refer to combinations of coverage that can give you the most protection.

 

If you’re shopping for car insurance, you probably hear the words “full coverage insurance” used quite frequently. But what is full coverage insurance?

To help answer that question and more, we'll take an in-depth look into why people buy full coverage insurance, how much it costs, and how you can get the cheapest full coverage insurance by shopping smart.

To help you make the best decision for your wallet, we also reviewed the best car insurance companies in the market based on their coverage options, cost, discounts, customer service, financial strength, and more. If you want the cheapest full coverage insurance for your car, we recommend starting your search here. Use the tool below or call (855) 518-0148 to start collecting and comparing quotes from providers available in your state.

 
 

 

In this article:

What Is Full Coverage Insurance?

Full coverage insurance is a combination of collision, liability, and comprehensive coverage, on top of the coverage required by your state. That means that full coverage insurance covers damages caused to both your car and the other guy's car in case of an accident, as well as non-collision damages to your car.

Here's a look at what each coverage includes:

  • Collision coverage offers protection for your car from damage in an accident
  • Liability coverage offers protection from injuries and damage to others in at-fault accidents
  • Comprehensive coverage offers protection for your car from non-collision damage or loss such as fire, theft, vandalism, etc.

 


 

Who Provides The Cheapest Full Coverage Insurance?

In our study into the cheapest full coverage insurance companies, we found several companies that provide low rates. The five best providers for the cheapest full coverage insurance are listed below. In our review, however, we won’t focus solely on insurance price, we’ll also evaluate the customer service, ease of filing a claim, and company reputation.

Here are the top five providers of the cheapest full coverage insurance in the U.S.:

Cheapest Full Coverage Insurance Overall Star Rating Usage-Based Insurance Accident Forgiveness New Car Replacement

1. USAA Auto Insurance

5.0

2. Erie Auto Insurance

4.0

3. Root Insurance

4.0

 

 

4. Geico Auto Insurance

4.5

 

5. State Farm Auto Insurance

4.5

 

 

 

USAA Insurance logo

#1 USAA Auto Insurance: Best For Military

USAA provides the cheapest full coverage insurance, if you are eligible. It is important to note that USAA only provides coverage to military members, veterans, and their families.

If you are eligible, we highly recommend USAA. On top of full coverage insurance, USAA also provides further perks, such as roadside assistance, accident forgiveness, rental car coverage, and car replacement assistance (CRA). If you are looking to bundle insurance, USAA also providers life insurance, homeowners/renters insurance, health insurance, and more.

USAA auto insurance might be right for you if:

  • You are part of the military, are a veteran, or family member
  • Want the cheapest full coverage insurance

To learn more about this cheap auto insurance provider, check out our review of USAA auto insurance.

 


 

Erie Insurance logo

#2 Erie Auto Insurance: Best For Multi-Car Homes

Another provider of cheap full coverage insurance is Erie Insurance. This company provides cheap full coverage insurance quotes online and is known for customer service. The main downside of Erie Insurance is that coverage isn’t available in every state. You can only get a policy if you live in these regions.

District of Columbia

Illinois Indiana Kentucky Maryland

North Carolina

Ohio Pennsylvania Tennessee Virginia West Virginia Wisconsin

Erie Insurance might be right for you if:

  • You live in a covered state
  • You have had one accident
  • Your credit score is excellent

To learn more about this cheap auto insurance provider, check out our review of Erie auto insurance.

 


 

Root Insurance logo

#3 Root Insurance: Best Usage-Based Insurance

Root Insurance is a little different from other full coverage insurance providers. It uses your driving behavior as the main basis for your insurance premium, instead of on your driving record like other companies. Because of this, it can take a couple of weeks to get a quote from Root Insurance, as your driving behavior first has to be recorded through the Root mobile app.

Root Insurance only provides coverage to good drivers, meaning that it pays out less often. By denying coverage to bad drivers, Root Insurance is able to offer some of the cheapest full coverage insurance.

Root might be for you if:

  • You are a good driver
  • Prefer doing everything through a mobile app

To learn more about this cheap auto insurance provider, check out our review of Root auto insurance.

 


 

Geico Insurance logo

#4 Geico Auto Insurance: Best For Good Drivers

While Geico might not be the best choice for someone with a spotty record, safe drivers find a lot of benefits to using the provider for full coverage insurance. On top of high levels of customer satisfaction, Geico offers many choices for coverage. Some additional perks offered by Geico include roadside assistance, ridesharing insurance, and mechanical breakdown coverage.

Geico might be for you if:

  • You want to customize coverage
  • You don’t have infractions on your driving record

To learn more about this cheap auto insurance provider, check out our review of Geico auto insurance.

 


 

State Farm Insurance logo

#5 State Farm Auto Insurance: Best For Students

Another good option for cheap full coverage insurance is State Farm. The company is known of its comprehensive coverage options and extensive discount selection. 

The Drive Safe & Save Discounts can help you save up to 30 percent. The program is simple to use and can be performed from OnStar or your smartphone. State Farm also offers a safe vehicle discount for specific safety features and a loyalty discount if you insure multiple vehicles or bundle several different types of insurance.

State Farm might be a good fit for you if:

  • You want to participate in the safe driving program
  • You have poor credit
  • Your driving record shows an accident

To learn more about this cheap auto insurance provider, check out our review of State Farm auto insurance.

 


 

Why Might You Want Full Coverage Insurance For Your Vehicle?

Each extra coverage in your full coverage car insurance comes with an added premium. No one wants to spend more money, but here are a few reasons why full coverage car insurance might be a good idea. 

Because It’s Required

All states in the U.S. require drivers to have at least bodily injury liability coverage and property damage liability coverage to cover damages and injuries to others and legal defense fees if you cause an accident. 

Comprehensive and collision insurance are always optional, but if you lease or finance your vehicle, you will be required to have these coverages. 

In addition to liability insurance, some states may also require you to have medical payments or personal injury protection (PIP) to pay for your injuries in an accident, as well as uninsured/underinsured motorist coverage for when the other party is at fault but has no or very little insurance. In such cases, your “full coverage” policy should also include these additional coverages. 

Because Your Car Is New And Expensive

Full coverage insurance is most valuable when you drive a new, expensive car. If your vehicle gets damaged in an accident or stolen, your comprehensive or collision insurance will cover the repairs and help you get back on the road as quickly as possible. Some companies also extend the comprehensive and collision coverages on your policy to rental cars if you are in a covered accident, but this varies from provider to provider. 

If your car is old and not worth much, you could probably think about skipping comprehensive and collision coverage. However, don’t forget that your insurance company won’t pay you any money to fix your car if you don’t have these two coverages. 

Because You Live In An Area Prone To Extreme Weather Or Theft

If you live in an area where you frequently have severe weather, theft, or collisions with animals, having comprehensive coverage is a good idea. It is important to note that such zip codes also tend to have higher insurance premiums because of the high incidence of claims. 

Because You Can’t Afford To Replace Or Repair Your Car Without The Insurance Payout 

If you have enough savings and can replace or repair your car without relying on insurance, you can consider dropping your comprehensive coverage. In 2018, the average comprehensive claim was $1,833, according to the Insurance Information Institute (III). Would you be able to afford a huge repair like this on your own?

 


 

How Much Does Full Coverage Insurance Cost?

If you want to get the cheapest full coverage insurance, it is important to first understand the different factors that can affect your insurance rates. Your age, gender, marital status, location, vehicle, driving record, driving habits, the coverage and limits you want all determine your insurance premiums. This data helps the insurance company how big a risk it would be to insure you and your likelihood of having an accident.

According to a report published by the III, the average cost of a full coverage policy for a medium-sized sedan and a driver younger than 65 years with a good driving record, six years of driving experience, and a home in a suburban/urban location was $1,251.

If you come across companies offering cheap full coverage insurance with no down payment, know you will still be required to pay the first monthly installment when you buy your policy. No company will insure you without any payment at all. 

 


 

8 Steps To Get The Cheapest Full Coverage Insurance

Just because you need full coverage insurance, that doesn’t mean you have to pay a top rate for it. There are many ways to get cheap full coverage car insurance. Here are a few worth giving a try.

1. Compare Quotes

No two insurance companies have the same pricing formula, which is why one of the best ways to get the cheapest full coverage insurance is by comparing quotes from multiple providers. 

However, comparing auto insurance quotes by price alone may not always be the best idea. In some cases, cheap auto insurance could come with less coverage and fewer benefits. Always make sure that all your quotes offer the same coverage limits and benefits, and have the same deductibles.

2. Lower Your Liability Limits

Basic state-minimum liability coverages are not very expensive, but the limits are generally low and don’t provide very much protection. 

However, while choosing a low coverage limit will help you lower your insurance cost, we don’t recommend it. Such a step could ruin you financially if the other party sues you for more than your policy limits.

If you want more liability coverage to protect your personal assets if you are in an at-fault accident, then you should buy coverage with higher liability limits, if you can afford it. 

3. Raise Your Deductible

For comprehensive and collision coverages, the market value of your car and the deductible you choose will decide your premiums. Generally, if you have a high deductible, you can save money on your premium. However, it will increase your out-of-pocket expenses if you have an accident. 

4. Look For Car Insurance Discounts 

Almost all car insurance companies provide discounts for things such as:

  • Bundling auto and home or renters policies
  • Owning a home
  • Having a good driving record
  • Setting up automatic payments
  • Installing anti-theft devices or anti-lock brakes in your vehicle
  • Paying the full amount up front 

If you are eligible, these discounts can bring down your premiums significantly. As a rule of thumb, look for new car insurance discounts each time you renew your policy. It could be that your life situation has changed since the time you originally bought the policy, and you are now eligible for other discounts. 

5. Drive Safe And Drive Less

Many insurance companies offer usage-based insurance programs that base your rates on your driving habits and mileage. If you cut down how much you drive your car and are a safe driver, you may be able to save some money by signing up for such a program. 

If you enroll in usage-based programs, be aware that insurance companies review your usage data periodically and set your rates accordingly. With some companies, you may see your premiums go up if you don’t practice safe driving or your mileage ends up being more than the estimated annual mileage.

6. Maintain A Good Credit Score

In some states, your credit score will affect your insurance premiums. People with better credit usually get cheaper rates. If you improve your credit score by paying your bills on time and clearing your debt as much as possible, you may be able to bring down your premiums. 

7. Don’t Let Your Coverage Lapse

Gaps in insurance coverage can put you in a higher-risk category and drive up your premiums the next time you buy coverage.

If you plan to put your car in storage for a long time, don’t cancel your auto insurance altogether. Talk to your provider to know your options. You may even choose to temporarily drop your liability coverage as long as you remember to renew it once you are ready to go back on the road.

8. Buy Only The Coverage You Want 

You can’t drive legally without the state-required coverage. But if you own your car outright without a loan or lease, and your car is already on its last leg, you may want to consider foregoing comprehensive and collision coverage. 

The maximum amount your comprehensive coverage will pay you is the market value of the car – which decreases with each passing year – minus your deductible. If this amount is more than your premium, then it will be useful. If not, you would be better off saving the money you would have otherwise spent on the premium for repairs.

We suggest using the Kelley Blue Book or Edmunds.com car value pricing tools to determine how much your car is worth and decide if what you pay for your comprehensive coverage is actually worth it. 

 


 

What Isn’t Covered Under Full Coverage Insurance?

In an ideal situation, your full coverage insurance will provide 100-percent of protection on the road. However, no insurance does that. Your full coverage insurance may not even include every type of coverage provided by your insurer. Since “full coverage” may be interpreted differently by different providers, it is important to be fully aware of what your insurance covers.

Typically, your full coverage insurance will not cover the cost of renting a car while your vehicle is being repaired or driving your car for a delivery service. It will also not cover the theft of personal items from your car.

If you want extra protection such as accident forgiveness insurance, custom parts and equipment coverage (some providers provide coverage up to a certain limit as part of comprehensive coverage), 24/7 roadside assistance, gap coverage, ridesharing coverage, or new car replacement coverage, you will likely need to buy these separately in addition to your full coverage insurance. 

Remember, you don’t have to buy every coverage listed by your insurance provider. All you have to do is make sure you’re getting the right coverage that you need and want for you, your passengers, and your vehicle. 

 


 

Get Quotes

Whenever you shop for car insurance, we recommend getting quotes from multiple full coverage insurance providers so you can compare coverage and rates. In addition to the insurance company you choose, factors such as your age, vehicle make and model, and driving history can affect your premium, so what’s best for your neighbor might not be best for you.

You can either use the tool below or call our team at (855) 518-0148 to start comparing personalized car insurance quotes:

 
 

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