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Cheapest full coverage auto insurance

Bankrate 8/17/2022 Cate Deventer
a woman sitting on a car seat: Asian mother buckling her young son into his car seat. © staticnak1983/Getty Images Asian mother buckling her young son into his car seat.

When you shop for a car insurance policy, one of the first things you need to decide is how much coverage to buy. Full coverage generally costs more than state minimum limits, but that’s because it provides a higher level of financial protection. And while the average cost of full coverage in the U.S. is $1,771 per year, there are ways to find a cheaper rate.

USAA and Geico offer the cheapest full coverage premiums on average in most states, based on Bankrate’s extensive research. Knowing the cheapest full coverage car insurance company in your state could help you determine a starting place for getting quotes.

What is full coverage auto insurance?

Minimum coverage car insurance refers to your state’s minimum requirements for car insurance. The required coverage usually includes property damage and bodily injury liability, which covers any injuries and damages you cause while driving. If you cause an accident and only have minimum coverage car insurance, your policy won’t cover any of your injuries or damages to your car.

By opting for full coverage car insurance, you can have greater coverage for yourself and car. While there isn’t an industry-standard definition, full coverage typically means having medical payments coverage, comprehensive and collision coverage, as well as roadside assistance and rental reimbursement. You can choose your own deductible amounts for comprehensive and collision, as well as policy limits to suit your needs. Check with your insurance company or agent to learn what unique add-ons you could include to make your car insurance policy more robust.

Cheapest full coverage company by state

The cost of car insurance varies by state due to different insurance laws, unique geographic features and the incidence of claims in the area, but you may still be able to find affordable rates no matter where you live. Because car insurance premiums vary between companies, getting quotes from several carriers could help you find the cheapest coverage for your needs.

The following table shows the company that offers the cheapest full coverage premiums in each state. Please note that not everyone will qualify for coverage from every company. For example, USAA only serves military members, veterans and members of their immediate families.

State Car insurance company Average annual full coverage premium
Alabama Travelers $1,136
Alaska USAA $1,094
Arizona Geico $948
Arkansas Farmers $1,149
California Capital $1,493
Colorado American National $915
Connecticut Geico $1,109
Delaware USAA $1,090
Florida State Farm $2,055
Georgia Auto-Owners $1,224
Hawaii USAA $1,047
Idaho American National $466
Illinois Pekin $911
Indiana Hastings Mutual $549
Iowa Hastings Mutual $553
Kansas USAA $1,172
Kentucky State Farm $1,363
Louisiana Southern Farm Bureau $1,812
Maine Geico $583
Maryland USAA $1,398
Massachusetts State Farm $639
Michigan Secura $895
Minnesota American Family $1,098
Mississippi USAA $1,185
Missouri USAA $1,001
Montana Progressive $796
Nebraska Amico Insurance $1,012
Nevada Geico $1,120
New Hampshire MMG Insurance Co $707
New Jersey Palisades $969
New Mexico USAA $1,160
New York American Family $1,037
North Carolina Geico $910
North Dakota USAA $822
Ohio Hastings Mutual $659
Oklahoma Geico $970
Oregon Oregon Mutual $902
Pennsylvania Geico $970
Rhode Island State Farm $983
South Carolina American National $521
South Dakota State Farm $1,098
Tennessee State Farm $845
Texas State Farm $1,314
Utah USAA $876
Vermont State Farm $775
Virginia USAA $869
Washington USAA $876
Washington DC USAA $1,185
West Virginia Encompass $971
Wisconsin Hastings Mutual $817
Wyoming Farmers $1,151

Best cheap full coverage car insurance

Most states require that you carry at least minimum levels of certain car insurance coverage to drive legally. While these coverage limits ensure that you comply with the law, the coverage they provide is minimal and does not include coverage for damage to your vehicle.

To determine the car insurance companies to feature, Bankrate’s insurance editorial team first reviewed average premium data obtained from Quadrant Information Services. We also analyzed each company’s available coverage options, discounts, policy features and third-party rankings from sources like AM Best, Standard & Poor’s (S&P), the National Association of Insurance Commissioners (NAIC) and J.D. Power.

Based on our research, we have assigned a Bankrate Score on a scale of 0.0 to 5.0 to each company. The higher the Bankrate Score, the more highly a company ranked in each of the scoring categories.

If you are searching for the best cheap full coverage car insurance, these companies may be a good place to start. These providers are some of the cheapest in the nation, but also offer exceptional coverage:

Car insurance company Bankrate Score Average annual full coverage premium Monthly premium cost
Geico 4.8 $1,297 $108
USAA 4.7 $1,209 $101
State Farm 4.6 $1,397 $116
Amica 4.6 $1,495 $125
Erie 4.6 $1,321 $110
Auto-Owners 4.5 $1,305 $109
Travelers 4.4 $1,447 $121

Geico

Geico offers one of the longest lists of car insurance discounts in the industry. Savings opportunities include having certain vehicle safety features, being a federal employee or military member, wearing your seatbelt and being affiliated with certain groups, like alumni associations. The company also has a highly-rated mobile app. Geico earned the top spot for its digital service in the 2021 J.D. Power U.S. Insurance Digital Experience Study. If you want a company with highly customizable coverage, however, Geico might not be right for you. There are only a few endorsements that you can add to your policy.

Learn more: Geico Insurance review

USAA

USAA has some of the lowest average annual rates across the country, as well as excellent customer service. Although the company is not eligible for official ranking with J.D. Power due to its eligibility restrictions, it earned a high score in the 2021 U.S. Auto Claims Satisfaction Study, which indicates that customers are generally satisfied with USAA’s claims service. However, USAA only sells coverage to military members, veterans and their immediate families, and is not officially ranked in the J.D. Power Study.

Learn more: USAA Insurance review

State Farm

If you are looking for a local agent, State Farm might fit your needs. The company is the largest insurer of personal autos in the country, with over 16% of the market share. The company has over 19,000 agents in the U.S., so the likelihood of having an agency near you is high. State Farm offers standard car insurance coverage types, several optional endorsements and a few discounts. If you like handling your insurance digitally, State Farm might not be for you. The company received a below-industry-average score from J.D. Power for digital service, which means customers might find the company’s online and mobile tools lacking.

Learn more: State Farm Insurance review

Amica

Amica received one of the highest scores in the J.D. Power study for its superb customer service. One of the most unique aspects of Amica is its dividend policy option. If you choose a dividend policy, you could get up to 20% of your annual premium back each year. The company also offers several optional coverage choices and discounts. However, Amica may not be the cheapest option for drivers with accidents on tickets on their driving record.

Learn more: Amica Insurance review

Erie

Erie offers low average rates combined with highly-rated customer service. Erie scored above the industry average in the 2021 J.D. Power U.S. Auto Insurance Study in the regions where it is sold. Erie offers a unique Rate Lock feature, which prevents your premium from increasing for a certain amount of time unless you make changes to your policy, like adding a vehicle or driver. Erie is another regional carrier and is only available in 12 states, though, so it’s not available in many areas of the country.

Learn more: Erie Insurance review

Auto-Owners

If you can afford to pay your premium in full, Auto-Owners offers a paid-in-full discount that may lower your rate. The company also offers numerous coverage options, including diminished value coverage, car rental reimbursement, gap coverage, roadside assistance and the Personal Automobile Plus package, which includes coverage for rekeying locks and identity theft. Auto-Owners is a regional carrier only available in 26 states, so it won’t be an option for everyone.

Learn more: Auto-Owners Insurance review

Travelers

If you are looking for a highly customizable policy, Travelers may be a good fit. The company offers a long list of coverage options, including roadside assistance, gap coverage, new car replacement, ridesharing coverage and accident forgiveness. The company also has some unique discount options, like savings for hybrid and electric cars. However, Travelers did get mostly below-average scores in the 2021 J.D. Power U.S Auto Insurance Study, which could indicate a low level of overall customer satisfaction.

Learn more: Travelers Insurance review

How to find the cheapest full coverage insurance

Because you are buying more coverage, full coverage auto insurance is likely to cost more than minimum coverage or liability-only coverage. However, there are steps you can take that might help you save:

  • Compare quotes: Getting quotes for the same coverage from several different companies might help you find the coverage you are looking for at a more competitive price.
  • Take advantage of discounts: Most insurance companies offer discounts that could help you save money. Taking advantage of the discounts you qualify for generally lowers your premium.
  • Drive safely: If you have accidents, tickets or DUI convictions on your record, you will likely pay a higher premium. Maintaining a clean driving record can help keep your premium down.
  • Increase your deductibles: Both comprehensive coverage and collision coverage come with a deductible, which is the amount of money you agree to pay if you file a claim for damage to your vehicle. Increasing one or both of your deductibles can lower your premium, but your collision coverage deductible generally has the biggest premium impact. Just be sure to choose a level that you can afford to pay if you file a claim.

Although price is an important factor when buying car insurance, it is not the only aspect of a company to consider. Customer service ratings, financial strength scores, available coverage options, discounts and policy features are all important to think about.

Frequently asked questions

    • What is the average cost of car insurance?
    • What are the best car insurance companies?
    • Is full coverage better than liability-only?
    • What happens if I don’t buy insurance?

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full 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 bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Bankrate Scores

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength (AM Best, S&P, Moody’s) and customer experience (J.D. Power, NAIC), in addition to average quoted rates from Quadrant Information Services. The J.D. Power studies utilized include the 2021 Auto Insurance Study and the 2021 Auto Claims Study. Our Bankrate editorial team’s extensive research and analysis provided a secondary assessment of each insurer’s online and mobile resources and policy management options, which also contributed to overall ratings.

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