What is the best car insurance for full coverage?

Full coverage insurance costs $1,997 per year or $166 per month, on average. Full coverage car insurance is more expensive than the legal minimum auto insurance coverage because full coverage usually includes collision and comprehensive insurance as well as the minimum coverage required by a state.

The cost of full coverage car insurance varies based on the state, the driver’s chosen coverage limits, the driver’s risk factors, and the vehicle’s value. Additionally, ... read full answercomprehensive and collision insurance are subject to a deductible, and drivers can select a higher deductible in return for a lower premium. Drivers can also minimize the cost of full coverage car insurance by comparing rates and checking for discounts.

Cheapest Full Coverage Insurance Companies

1. Esurance - $1,548 per year
2. Geico - $1,675 per year
3. Mercury - $1,919 per year
4. USAA - $2,002 per year
5. Progressive - $2,016 per year

It is worth it to have full coverage insurance if your car is worth more than the combined cost of a full coverage policy and deductible, or if you can’t afford to replace your car without it. Full coverage is typically required if your car is leased or financed and worth having.... read full answer

Full coverage car insurance costs an average of $1,997 per year, compared with $716 for a policy that only fulfills the state’s minimum coverage requirements. That’s a big difference, but you also have to consider that you will need to pay out of pocket to repair or replace your car if it is damaged in an accident that you cause and you don’t have full coverage. The average new car costs almost $40,000.

As a result, full coverage – a policy that includes collision and comprehensive insurance as well as whatever coverage is required in your state – is a good investment for most drivers. But if your car is not worth much and you could afford to buy a replacement or live without it, full coverage might not be worth it.

For more information, check out WalletHub’s complete guide to full coverage insurance.

The #1 car insurance company is State Farm because it is the largest auto insurer in the U.S., with a market share of 16%. State Farm insures over 80 million people and offers coverage in all 50 states.

Largest Auto Insurance Companies in America

Together, these 10 companies own more than 70% of the auto insurance market share in the U.S. As a result, it shouldn’t come as a surprise that these companies tend to be the best options for most types of drivers.

Best Car Insurance Companies by Category

To learn more, check out WalletHub’s guides to the best car insurance and the largest auto insurers.