The Cheapest Full Coverage Car Insurance
Full coverage auto insurance covers many situations but can cost more than double the price of minimum-required coverage. That’s why it pays to shop around.
Geico has the cheapest full coverage insurance among the country’s largest insurers, with an average annual rate of $1,268, or $106 a month, in NerdWallet’s analysis.
But which company has the cheapest full coverage insurance you can get will depend on multiple factors, like your age, location and driving record. To help narrow down your options, NerdWallet looked at average rates among the country’s largest insurers, using a variety of profiles.
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Cheapest full coverage insurance companies
Full coverage isn’t a specific type of policy, but a combination of coverage types that includes liability coverage and comprehensive and collision insurance. If you have a loan or lease, your lender will likely require the latter two coverage types.
Full coverage auto insurance can be pricey. If you’re looking for the cheapest car insurance, period, check out our best cheap car insurance for state-mandated coverage.
Nationwide, here are average annual prices for full coverage insurance from six of the seven largest car insurance companies:
Geico: $1,268.
State Farm: $1,491.
Progressive: $1,562.
Farmers: $1,830.
Allstate: $2,381.
USAA*: $1,169.
*USAA isn’t ranked because it is available only to active military, veterans and their families.
On average, you can save over $1,000 a year or more by picking the cheapest company available to you instead of the most expensive — and that’s only considering six of the seven biggest auto insurers in the nation. In many cases, going with a small, regional insurer can save you even more.
Although it’s one of the largest insurers in the country, Liberty Mutual is not included in our analysis because it does not provide rate data. Average rates reflect a policy with liability, collision, comprehensive and uninsured motorist coverage and other state-required coverage where needed. The sample driver is 40 years old with no moving violations and good credit.
» MORE: NerdWallet’s auto insurance reviews for 2021
Cheap full coverage insurance from small insurers
Although Geico has the cheapest average full coverage rates among the country’s largest insurers, that doesn’t mean it’ll have the most affordable price for everyone. You might be able to find cheaper full coverage insurance if you use a local or regional company.
For example, we found that each of the smaller insurers below has cheaper annual rates, on average, than the large insurers in our analysis. We chose these companies based on their low full coverage rates and availability in multiple states.
Here are the average annual rates and state availability for these smaller companies:
Secura: $823.
MMG: $839.
Hastings Mutual: $910.
Mutual of Enumclaw: $1,082.
Central Insurance: $1,090.
Secura availability
MMG availability
Hastings Mutual availability
Mutual of Enumclaw availability
Central Insurance availability
Best cheap full coverage insurance
Price is likely a major factor when deciding what company to choose, but it shouldn’t be the only one.
If you want the cheapest full coverage auto insurance rates without sacrificing customer service, take a look at the best car insurance companies below, ranked by average car insurance premium. Keep in mind, not all companies will offer policies in every state.
Company
Annual insurance premium
Stars awarded
Safety
$737
3.5NerdWallet rating
Erie
$1,191
4.0NerdWallet rating
NJM
$1,221
5.0NerdWallet rating
Geico
$1,268
4.5NerdWallet rating
Auto-Owners
$1,277
5.0NerdWallet rating
Texas Farm Bureau Insurance
$1,361
3.5NerdWallet rating
American Family
$1,432
5.0NerdWallet rating
Amica
$1,447
5.0NerdWallet rating
Travelers
$1,464
5.0NerdWallet rating
State Farm
$1,491
5.0NerdWallet rating
Progressive
$1,562
5.0NerdWallet rating
Shelter
$1,718
4.0NerdWallet rating
Chubb
$1,769
4.5NerdWallet rating
Farmers
$1,830
4.5NerdWallet rating
Allstate
$2,381
4.5NerdWallet rating
The Hanover
$4,684
4.0NerdWallet rating
USAA*
$1,169
4.0NerdWallet rating
*USAA is available only to military, veterans and their families.
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Cheap full coverage insurance companies by state
Your location can have a big effect on how much you pay for full coverage auto insurance. For example, our 2021 average rates analysis showed that drivers in Louisiana pay almost three times more for full coverage insurance than drivers in Maine, on average.
To help you find the best cheap full coverage insurance for you, we’ve