Full coverage car insurance means your car will be protected in accidents or other events that may damage it. While state law usually requires only liability coverage, if you finance your car, the lender may want you to have a policy with full coverage.
The most reliable full coverage car insurance is not always the cheapest. To find carriers that will best suit your insurance needs, we also focused on customer and claims satisfaction, area of service and available discounts.
Best full coverage auto insurance
|Car insurance company||J.D. Power customer satisfaction score||Average annual premium for full coverage|
Allstate’s policies might cost more on average, but the carrier offers plenty of potential discounts and perks for car insurance. The company offers new car replacement, which will pay the actual cost of replacing your car after an accident, as well as accident forgiveness that will keep your premiums at the same rate. If you don’t like how your claim process is handled, Allstate offers a claim satisfaction guarantee that can refund a portion of your premiums.
Erie insurance comes highly rated from J.D Power and offers reliable full coverage insurance at a low average rate. Erie’s Rate Lock can ensure your insurance premium stays the same, and the company also offers first accident forgiveness to eligible policyholders after they have had your premium in place for a few years. The main strike against Erie is it operates in limited states. Check your state availability before diving too far deep into this carrier’s car insurance offerings.
Farmer’s has the highest average annual premium cost on our list, but this carrier offers a wide range of potential discounts like paperless billing, safe driver, good student and homeowner. Farmers even offers discounts for alternative fuel vehicles in California. The provider has many coverage options to choose from, such as new car replacement and accident forgiveness.
Nationwide includes all the usual options that come with full coverage, as well as a few helpful offerings like towing and labor coverage and gap coverage. This carrier also features some high-tech discounts like the SmartRide program that uses telematics to track your driving and SmartMiles (pay-per-mile) that reduces premiums if you do not use the car much. Nationwide has many different kinds of insurance available, so this carrier is also good for bundling insurance policies.
State Farm is a big name in the insurance world because of its size and options. This insurer’s policy add-ons like rental car insurance are helpful for people on the go. For policyholders under 25, State Farm offers a Steer Clear discount program that may reduce monthly premiums for completing a driving course, which can help to offset the often higher cost of insurance for younger drivers. The State Farm mobile app allows you to submit claims, get new quotes and view your insurance profile.
What is full coverage car insurance?
Full coverage car insurance refers to a common set of coverages that are included within a single policy. Generally speaking, all drivers must have liability coverage, which covers medical bills and car repairs for other drivers. Full coverage, while usually not legally required, covers medical bills, car repairs and other expenses of the policyholder.
All insurers offering full coverage policies will generally include collision coverage and comprehensive coverage in the policy. Collision coverage pays for damages to your car during a moving accident, and comprehensive coverage pays for damages to your car during other events, such as theft, vandalism and natural disasters.
Although full coverage will pay for damage to your car, you will generally need to pay a deductible amount before the coverage kicks in to pay the rest. Also, all coverages in a policy still have a coverage limit, which is the maximum amount the policy will cover. Many insurers allow you to raise coverage limits for an additional fee.
Most personal car insurance policies do not cover commercial use, so if you use your car for a delivery business or a ride share service, you may need to purchase additional coverage.
Is full coverage car insurance worth it?
When deciding if the extra cost of full coverage car insurance is worth it, it is often helpful to think about what would happen if your car is damaged or totaled. Could you pay for repairs or a replacement out-of-pocket? If your car is older and less valuable, some people may decide full coverage is not worth it for their needs. However, if you used a car loan to buy your car, full coverage may be required in the contract with the lender.
Frequently asked questions
Which car insurance provider is best?
The best car insurer depends on the insurance needs of the individual. To find the car insurance carrier who will be best for you, we recommend shopping around to get quotes from a few providers so you can compare.
Does my liability coverage pay for my car repairs?
The liability coverage in your policy will not pay for damages to your car. This coverage will only cover damages to other people and their vehicles, so you’ll need full coverage if you want your own car repairs to be covered by your policy.
What’s the difference between collision coverage and comprehensive coverage?
Collision coverage pays for damage to your car during a moving accident. Comprehensive coverage pays for damage to your car that occurs during other events, such as theft, falling limbs or fire. Both of these coverages are included in most full coverage policies.
Bankrate utilizes Quadrant Information Services to analyze 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 coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.
Rates are determined based on 2020 Quadrant Information Services data.