Full coverage car insurance is a combination of coverages, usually state-required minimums and both collision and comprehensive coverage, to help protect your finances in the event that you’re involved in a car accident, theft, vandalism or other incident. The average cost of full coverage car insurance in the U.S. is $1,674 per year. However, your premium will vary based on your location, driving history and other factors.
Bankrate’s insurance editorial team analyzed top providers to find the best choices for individual circumstances. Below, we outline why Allstate, Erie, Farmers, Nationwide and State Farm made our list.
Best full coverage auto insurance
We found the best providers for full coverage auto insurance to be Allstate, Erie, Farmers, Nationwide and State Farm. Bankrate’s insurance editorial team determined these rankings by referencing the latest premium data from Quadrant Information Services. We also factored in the most recent J.D. Power customer satisfaction data and cross-referenced company coverage options, special features, such as 24/7 customer service lines, and available discounts.
|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 could pay the cost of replacing your car after a covered accident, as well as accident forgiveness, which could 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 could refund a portion of your premiums.
Learn more: Allstate Insurance review
Erie has a high J.D. Power customer satisfaction rating and offers reliable full coverage insurance at a low average rate. Erie’s Rate Lock could ensure your insurance premium stays the same and the company also offers first accident forgiveness to eligible policyholders who have been insured with Erie for at least three years. The main strike against Erie is that it operates in limited states. Consider checking your state availability before diving too far deep into this carrier’s car insurance offerings.
Learn more: Erie Insurance review
Farmers has the highest average annual premium cost on our list, so if you’re looking for the cheapest auto insurance rate available, you may want to consider other options. However, this car insurance company 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.
Learn more: Farmers Insurance review
Nationwide includes all the usual options that come with full coverage and a few helpful offerings like towing and labor coverage and gap coverage. If you’re looking to lower your insurance rate, Nationwide also features some high-tech discounts like the SmartRide program, which uses telematics to track your driving, and SmartMiles, which reduces premiums if you do not drive much. Nationwide has many different kinds of insurance available, so this carrier is also good for bundling insurance policies. One potential downside is that Nationwide does not have a 24/7 customer service line like some of its competitors.
Learn more: Nationwide Insurance review
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. The company also offers a 24/7 customer service helpline. State Farm does not offer gap insurance, which may be considered a downside, but the company does offer a similar feature called Payoff Protector.
Learn more: State Farm Insurance review
What is full coverage car insurance?
Full coverage car insurance refers to a common set of coverage options that are included within a single policy. Generally speaking, all drivers (except those in New Hampshire and Virginia) must have some form of liability or state-required coverage, which can cover medical bills and car repairs for other drivers. Full coverage, while usually not legally required, can cover medical bills, car repairs and other expenses of the policyholder and their passengers.
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 can 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 rideshare 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
What is the best car insurance company?
The best car insurer depends on the insurance needs of the individual. To find the car insurance carrier who will be best for you, it helps to shop around and request quotes from a few providers so you can compare. The easiest way to get an insurance quote from an insurance provider is usually to use the online quote tool that most companies offer. You can also typically call to get an insurance quote, which can help you find the lowest auto insurance rate. You may want to discuss your coverage needs and preferences with an independent insurance agent who can help understand your coverage needs.
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 2021 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 2019 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.