The cheapest full coverage car insurance companies are Esurance, Geico, and Mercury, according to WalletHub’s analysis. Full coverage car insurance costs an average of $1,997 per year, which is more than three times the average cost for state-minimum coverage, so it’s important to find a cheap provider.
Cheapest Full Coverage Car Insurance
Cheapest Full Coverage Car Insurance Companies
The cheapest full coverage car insurance company is Esurance. Esurance offers 10 possible discounts, including savings for safe vehicles, customers with no at-fault accidents, and drivers who use its telematics program, DriveSense.
Esurance has also received high user ratings on WalletHub, earning 3.8 out of 5 stars on average. However, Esurance has an NAIC rating of 3.18, which means it has received many more customer complaints than the average insurer.
Geico provides the second cheapest full coverage insurance, and it offers an impressive 16 possible discounts. WalletHub’s editors also note Geico’s streamlined claims process and its many types of insurance, which can help drivers save by bundling car insurance with coverage for their homes or other vehicles.
Car insurance from Mercury is available in 11 states, including California, Florida, New York, and Texas. Customers can save with multi-policy, multi-vehicle, and good-student discounts, among others. Mercury also offers specialty coverage options that include mechanical protection, commercial auto insurance, and ride-hailing coverage.
USAA is only available to veterans, members of the military, and their families, but its policies provide good value if you qualify. USAA also advertises discounted deployment rates that apply to servicemembers posted anywhere overseas. In addition, USAA offers supplemental options like extra passenger protection and rideshare coverage.
Progressive regularly ranks among the cheapest insurers in WalletHub studies, and full coverage is no exception. Customers can also benefit from a variety of discounts, including auto-pay, sign online, and continuous coverage discounts. On the other hand, the company’s high NAIC rating indicates more customer complaints than the average insurer.
21st Century Insurance
21st Century Insurance offers low prices accompanied by generous discounts such as good student, mature driver, and multi-car savings discounts. Car insurance customers can also benefit from a multi-policy discount if they purchase another type of insurance from 21st Century, such as renters, homeowners, or motorcycle insurance. In addition, specialty coverage types include classic car and recreational vehicle insurance.
AAA car insurance offers low prices, though drivers must be AAA members to qualify. Membership fees vary by state, and the company’s flagship roadside assistance service is included with a membership. However, AAA has received many customer service complaints, and it does not offer 24/7 live customer support.
Allstate’s main selling points for full coverage car insurance are its reasonable premiums and its unusual variety of extra coverage options, which include accident forgiveness and new car replacement. Allstate drivers can also receive discounts for paying in full, going paperless, driving safely and more.
Travelers received a 3.8 out of 5 rating from WalletHub’s editors, in part due to its many coverage options, financial stability, and online claims filing process. Possible savings include an auto-pay discount, an electric car discount, and a safe driving discount.
State Farm has high ratings from both WalletHub editors and users due to their convenient claims service, nationwide availability, and great range of discounts. While State Farm is not the absolute cheapest option available, their rates are still competitive, especially when discounts are considered.
Comparing 2022's Cheapest Full Coverage Car Insurance
|Rank||Insurer||Full Coverage Cost per Month|
Quotes are the average of a series of quotes gathered by Quadrant Information Services in California. For more information, see the methodology section below.
Full Coverage Insurance Costs by State
|State||Average Monthly Cost for Full Coverage||Cheapest Monthly Cost for Full Coverage|
For more information, please see the methodology section below.
Tips for Finding the Cheapest Full Coverage Car Insurance
Consider the coverage limits you need
After fulfilling your state’s minimum coverage requirements, you can choose whether to increase your coverage limits or add optional coverage types. In order to protect yourself from the financial consequences of an accident, your liability limits should be about equal to your assets.
Choose a deductible that fits your financial circumstances
A car insurance deductible is the amount you have to pay before filing a comprehensive or collision claim. Higher deductibles mean lower premiums, but you should choose a deductible you could comfortably afford if the need arises.
Companies have different methods of determining premiums, based on a customer’s driving record, location and vehicle, among other factors. So comparing quotes is the best way to find the most affordable option.
Check for discounts
Methodology for Selecting the Cheapest Full Coverage Car Insurance
WalletHub editors ranked 17 major car insurance companies to determine the cheapest full coverage auto insurance. Premiums reflect the average of a series of quotes sourced from Quadrant Information Services, using California ZIP codes and the following coverage limits:
- $100,000 bodily injury liability coverage per person
- $300,000 bodily injury liability coverage per accident
- $50,000 property damage liability coverage per accident
- $100,000 uninsured motorist coverage per person
- $300,000 uninsured motorist coverage per accident
- $50,000 uninsured motorist property damage coverage per accident
- Collision coverage with a $500 deductible
- Comprehensive coverage with a $500 deductible
Average and lowest full coverage premiums by state were determined using the coverage limits listed above, plus any other coverage required by the state (personal injury protection, MedPay, medical benefits, liability for death, and property protection).
Video: How to Get the Cheapest Full Coverage Car Insurance
Ask the Experts
To gain more insight about cheapest full coverage car insurance, WalletHub posed the following questions to a panel of experts. Click on the experts below to view their bios and answers.
1. When should drivers consider getting full coverage car insurance?
2. When should drivers consider dropping full coverage from their car insurance policy?
3. What do you think is the biggest misconception that people have about full coverage car insurance?