Best and cheapest
Rating: 4.9/5 ★
Cost: $98 per month
What else we like: Great claims service
What we don’t like: Not the overall cheapest rates
Cheapest for most
Rating: 4.6/5 ★
Cost: $95 per month
What else we like: Available in most states
What we don’t like: Lacks extra coverage options
What are the cheapest full-coverage car insurance companies?
Finding cheap full-coverage auto insurance can be difficult, but it’s not impossible. We found that MAPFRE has the absolute cheapest full-coverage rates, but it’s not available everywhere. That’s why State Farm is our pick for the cheapest full-coverage for most people.
Company name | Average monthly rate | Average annual rate |
|---|---|---|
MAPFRE | $87 | $1,040 |
USAA* | $87 | $1,044 |
$95 | $1,141 | |
Auto-Owners Insurance | $97 | $1,165 |
$98 | $1,181 | |
$99 | $1,192 | |
NJM | $105 | $1,262 |
$113 | $1,351 | |
COUNTRY Financial | $118 | $1,416 |
$123 | $1,475 |
Full-coverage car insurance just means a car insurance policy that includes comprehensive and collision coverage in addition to the liability coverage that’s required in almost every state. A full coverage policy covers damage to your own car, whether it’s from a crash, a storm, an animal, or if it’s stolen or vandalized.
Methodology: Why you can trust our picks for the cheapest full-coverage
We found the cheapest full-coverage car insurance in 2023 by analyzing rates provided by Quadrant Information Services for every ZIP code in all 50 states and the District of Columbia.
Our data experts analyzed combined rates for a full-coverage policy for 30, 35, and 45-year-old drivers of a 2017 Toyota Camry with a clean record. The rates we analyzed were for a policy with the following limits:
Bodily injury liability: $50,000 per person, $100,000 per accident
Property damage liability: $50,000 per accident
Uninsured/underinsured motorist: $50,000 per person, $100,000 per accident
Comprehensive: $500 deductible
Collision: $500 deductible
In some cases, additional coverages were added where required by the state or insurer. Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of insurance costs. Your actual quotes may differ.
Best and cheapest full-coverage car insurance: Erie
Erie
4.9
Why we chose it
Erie earned a top score thanks to its great customer service and coverage offerings (in addition to cheap rates for full coverage).
Pros and cons
Pros
Low car insurance rates
Lots of useful add-ons, like new car replacement
Accident forgiveness automatically included after three years
Cons
Not available in every state
Erie is our pick for the best company for cheap full-coverage car insurance. On average, Erie costs $98 per month for a full-coverage policy, $457 cheaper per year than the national average.
Along with cheap rates for full-coverage, Erie is known for its outstanding customer service. Erie regularly earns high claims satisfaction scores on J.D. Power’s annual Claims Satisfaction Study. [1] This means that customers are very happy with Erie’s claims process, from filing to their final settlement.
We think that Erie is the best company for full-coverage because it offers add-ons like gap insurance, personal belongings coverage, and new car replacement, along with free perks like accident forgiveness.
Cheapest full-coverage for most people: State Farm
State Farm
4.8
Why we chose it
State Farm offers full-coverage car insurance in every state and has the best rates for drivers with bad records.
Pros and cons
Pros
Available in almost every state
Low rates for teens and drivers with accidents
High customer satisfaction ratings
Cons
Limited coverage options
State Farm is the cheapest full-coverage car insurance for most people, since it’s available almost everywhere. On average, State Farm costs $95 per month for full coverage, $497 cheaper per year than the national average.
State Farm also has the cheapest full coverage after an at-fault accident. Usually, It’s harder for drivers who have been in an at-fault accident to find cheap rates, but even with a recent accident, full-coverage from State Farm still costs $1,402 less than average (which is $2,800 per year).
Other high-risk drivers can also find cheap full-coverage at State Farm, including drivers with a speeding ticket, DUI, speeding ticket, or reckless driving citation on their records.
Cheapest full-coverage overall: MAPFRE
MAPFRE
4.6
Why we chose it
MAPFRE has the cheapest full-coverage car insurance of any company that we reviewed, and is a great choice for drivers with bad credit who may not be able to find cheap rates at other companies.
Pros and cons
Pros
Cheap rates for clean driving records
Useful add-ons, like personal belongings coverage
Offers a handful of discounts
Cons
Not available in every state
If you’re looking for the cheapest rates for full-coverage, period, then you should consider MAPFRE auto insurance. On average, MAPFRE costs $87 per month for full coverage. At $1,040 per year, that’s $589 cheaper than the national average.
Although MAPFRE has the cheapest full-coverage auto insurance of any company on our list, it’s not available in every state. You can get cheap full-coverage from MAPFRE in 18 states:
Arizona
California
Connecticut
Idaho
Indiana
Kentucky
Maine
Massachusetts
New Hampshire
New Jersey
New York
Ohio
Oregon
Pennsylvania
Rhode Island
Tennessee
Washington
Vermont
Cheapest full-coverage for military families: USAA
USAA
5.0
Why we chose it
USAA has lower rates for full-coverage than most competitors, plus a highly-rated claims experience and enough coverage options to personalize your policy a little.
Pros and cons
Pros
Low rates
Available nationwide
High customer service ratings
Cons
Only available to military members and their families
On average, USAA has the cheapest full-coverage car insurance for drivers in the military and veterans. We found drivers can get full-coverage insurance from USAA for $87 per month, $1,044 per year cheaper than average.
You can also get cheap full-coverage from USAA after an accident. On average, USAA’s rates for high-risk drivers are just $128 per month. That’s $1,020 less per year than average.
USAA is also one of the best cheap companies for full-coverage. Year after year, USAA ranks at the top of J.D. Power’s Claims Satisfaction Study.
Companies with cheap full-coverage auto insurance
Full-coverage auto insurance is more expensive than a minimum-coverage policy, but there are still plenty of companies that offer affordable full coverage. Here are the 15 cheapest companies for full-coverage:
Company name | Pg rating | Monthly cost | Annual cost |
|---|---|---|---|
MAPFRE | 4.1/5 ★ | $87 | $1,040 |
USAA* | 5.0/5 ★ | $87 | $1,044 |
State Farm | 4.8/5 ★ | $95 | $1,141 |
Auto-Owners Insurance | 4.7/5 ★ | $97 | $1,165 |
Erie | 4.9/5 ★ | $98 | $1,181 |
4.7/5 ★ | $99 | $1,192 | |
NJM | 4.7/5 ★ | $105 | $1,262 |
Travelers | 4.7/5 ★ | $113 | $1,351 |
COUNTRY Financial | 4.7/5 ★ | $118 | $1,416 |
4.3/5 ★ | $123 | $1,475 | |
4.3/5 ★ | $123 | $1,479 | |
Farm Bureau | 4.2/5 ★ | $129 | $1,547 |
4.7/5 ★ | $131 | $1,574 | |
Shelter | 4.0/5 ★ | $147 | $1,764 |
4.4/5 ★ | $148 | $1,780 | |
Kemper | 3.4/5 ★ | $149 | $1,783 |
USAA is only available to members of the military, veterans, and their families.
Since quotes for full-coverage can range from $87 to hundreds of dollars more per month, it’s important to compare quotes from top companies to find the cheapest coverage for you.
The cheapest full-coverage car insurance in every state
Since the cost of full-coverage can vary widely by location as well as by company, it’s worth comparing rates in your state before finalizing your policy.
Here’s the cheapest option for full-coverage car insurance by state:
State | Company | Average monthly cost |
|---|---|---|
Travelers | $83 | |
GEICO | $77 | |
Auto-Owners | $76 | |
State Farm | $80 | |
Wawanesa | $80 | |
American National | $70 | |
GEICO | $68 | |
State Farm | $97 | |
GEICO | $85 | |
State Farm | $134 | |
Auto-Owners | $88 | |
GEICO | $65 | |
American National | $41 | |
Pekin | $56 | |
State Farm | $59 | |
State Farm | $59 | |
GEICO | $76 | |
GEICO | $97 | |
State Farm | $124 | |
Auto-Owners | $51 | |
GEICO | $67 | |
GEICO | $85 | |
GEICO | $89 | |
State Farm | $80 | |
National General | $75 | |
State Farm | $62 | |
State Farm | $71 | |
Auto-Owners | $86 | |
GEICO | $96 | |
State Farm | $56 | |
GEICO | $84 | |
State Farm | $72 | |
Kemper | $79 | |
Erie | $62 | |
State Farm | $64 | |
State Farm | $59 | |
State Farm | $79 | |
State Farm | $71 | |
State Farm | $81 | |
State Farm | $79 | |
American National | $57 | |
State Farm | $93 | |
State Farm | $68 | |
Farm Bureau | $87 | |
GEICO | $82 | |
State Farm | $52 | |
State Farm | $70 | |
PEMCO | $76 | |
State Farm | $72 | |
GEICO | $57 | |
American National | $62 |
Monthly costs of full-coverage car insurance.
→ Read more about how the cost of insurance changes depending on the driver
What is full-coverage car insurance?
Full-coverage car insurance includes comprehensive and collision coverage in addition to liability coverage. Full coverage car insurance basically means damage to your own car is covered, in addition to damage you cause to others in an accident.
Full-coverage means your car insurance will cover the cost if your car is damaged by:
An at-fault accident, meaning a collision you cause
Animals, like if you hit a deer or rodents chew your car’s wiring
Falling objects, like if a tree branch smashes your window
Extreme weather, like hail or snow
Vandalism, like if someone keys your car
Theft, whether your vehicle itself is stolen or someone just steals a part, like your catalytic converter
Fire
Water and flooding
A liability-only car insurance policy only covers the damage that you do to other people’s cars, not to your own. If you don’t have full-coverage and you’re at-fault in an accident, you’d be stuck paying for your own repairs out of pocket.
How much is full-coverage compared to liability-only?
Full-coverage can be hundreds of dollars more expensive a year than liability-only insurance coverage. That’s because you’re adding more coverage to protect yourself from a wider range of damage. When companies cover more risks, they raise rates.
The extra cost of full-coverage can be well worth it if your car is totaled. According to data from the National Association of Insurance Commissioners, the comprehensive and collision parts of a full-coverage policy cost $518 per year.
Coverage type | Average monthly cost | Average annual cost |
|---|---|---|
Comprehensive | $13 | $160 |
Collision | $30 | $358 |
Liability | $50 | $605 |
USAA is only available to members of the military, veterans, and their families.
Your rates also depend on how much liability coverage you have. Having a policy with only enough coverage to drive legally is always going to be the cheapest option, but it may leave you seriously underprepared for an accident.
Here’s how much a policy with just the required liability coverage costs compared to full-coverage with two different amounts of liability:
Coverage level | Monthly cost | Annual cost |
|---|---|---|
Minimum coverage | $52 | $620 |
Full-coverage (50/100) | $138 | $1,638 |
Full-coverage (100/300) | $152 | $1,827 |
Who needs full-coverage car insurance?
Unlike other types of insurance, full-coverage car insurance is never required by law. But you’ll need full-coverage car insurance if:
→ Read about the amount of car insurance that you might need
What’s not covered by full-coverage car insurance?
Full-coverage is the best protection you can get, but there are some things that even a full-coverage policy won’t cover. These are things that just aren’t typically covered by car insurance, like:
Intentional damage, like if you set your car on fire
Normal wear and tear
General maintenance, like oil changes or new brake pads
Personal belongings that are stolen from your car, like a phone or laptop
Damage that exceeds your policy’s limits
Any damage that violates the terms of your policy, like damage that happened while racing illegally
How to get cheap full-coverage car insurance
The best way to be sure that you find your cheapest rates for full-coverage is by shopping around and getting quotes from multiple companies. While you shop, look for:
The companies with the lowest rates: Some carriers are better than others at offering cheap full-coverage to different types of drivers. Compare rates so you can tell which companies offer the best deal for your needs.
What “full-coverage” means at each company: Some companies offer extra perks to drivers who get a full-coverage policy, like accident forgiveness or trip interruption expense coverage. Be mindful of what you’ll get from each company so you can get the most coverage for your dollar.
Once you find a company that offers cheap full-coverage insurance, there’s still more that you can do to get lower rates, like:
Enrolling in a defensive driving course: Most insurance companies offer a discount if you’ve completed a defensive driving course in the last few years. Be sure to let your company know.
Switching to usage-based car insurance: Usage-based car insurance sets your rates based, in part, on how well (or how much) you drive. Lots of companies offer usage-based discount programs as a way to save.
Bundling home and auto policies: Nearly every company offers cheaper full-coverage if you bundle your home and auto policies together.
Reshopping and switching carriers: You can switch companies if yours isn’t offering you the cheapest rates for full-coverage. It’s a good idea to shop around before your renewal date to be sure you’re getting the best deal.
Frequently asked question:
Does full coverage car insurance really cover everything?
No, there are things that full-coverage insurance doesn’t cover. Your full-coverage insurance won’t cover damage caused by something your policy prohibits, like street racing, or any damage caused by normal wear and tear.
Is full-coverage car insurance the most expensive?
Full-coverage car insurance is more expensive than getting a liability-only policy, but your rates will also depend on how much liability coverage you get. The most expensive car insurance would mean getting the most coverage available, at all of the highest limits.
Do I need full coverage on a leased or financed car?
Yes, banks and loan companies require drivers who finance a car to have full coverage (often including gap coverage) to protect their investment. Dealerships have the same requirements for leased cars. If you drop full coverage, your lender or lessor may add it to the cost of your loan (called forced-placed coverage) and it will likely be more expensive than buying it yourself.
Is full-coverage car insurance mandatory?
The law in almost every state requires drivers to have liability coverage, but there is no legal requirement to buy comprehensive and collision coverage. Drivers who have a leased or financed car will likely be required to have full-coverage insurance, but those requirements are separate from what is required by law in your state.
Can I get cheap full-coverage auto insurance with no down payment?
When people talk about a "car insurance down payment," that usually just refers to the first insurance payment you make, which is necessary to start your policy. That's why there's really no such thing as car insurance without a down payment, but if you're looking for affordable rates, the best thing to do is shop around and compare quotes before you buy.
