The cheapest full coverage car insurance policies are from Esurance, Geico and USAA, according to WalletHub’s analysis of 17 major insurers. They are the best car insurance companies for full coverage because they combine low costs, lots of available discounts, and high customer satisfaction.
Cheapest Full Coverage Car Insurance
- Esurance: $129 per month
- Geico: $140 per month
- Mercury: $160 per month
- USAA: $167 per month
- Progressive: $168 per month
Full coverage car insurance is shorthand for a policy that includes the insurance required by the driver’s state, plus comprehensive and collision coverage. Rates reflect the average of a series of quotes for drivers in California, gathered by Quadrant Information Services. For more information, see the methodology section below.
What Is Full Coverage Car Insurance?
Full coverage car insurance is not an official term, but it generally refers to policies that include comprehensive and collision coverage, in addition a state’s mandatory minimum car insurance requirements. Comprehensive and collision are not required by any state’s laws, but lenders and lessors usually require them for leased or financed cars.
A full coverage policy with high liability limits costs an average of $1,997 per year across the country. On the other hand, carrying your state’s minimum coverage will cost you an average of $717 annually. But, like the name implies, full coverage insurance provides the most protection for policyholders. Without full coverage, your insurance will not pay for damage to your own vehicle if you are at fault or if the damage was caused by something besides an accident.
Cheapest Full Coverage Car Insurance Companies
Esurance is the best company for cheap full coverage car insurance because of its low rates, high customer satisfaction, and variety of discounts. 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 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.
MetLife has high satisfaction ratings from customers and fewer service complaints than average, making it a good choice for drivers who are willing to pay for quality. Possible savings opportunities from MetLife include its superior-driver discount, deductible savings benefit, and multi-policy discount.
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.
2021’s Cheapest Full Coverage Car Insurance Compared
|Insurer||Full Coverage Average Monthly Premium||Average User Rating on WalletHub|
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
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
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).