How to Compare Car Insurance Rates 2024
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LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Cheapest Full-Coverage Car Insurance Companies (2024)

Updated on:
Content was accurate at the time of publication.

State Farm has the cheapest full-coverage car insurance among national companies, charging an average rate of $1,487 a year.

Full-coverage car insurance policies usually include liability, collision and comprehensive coverages to fully protect against injuries and vehicle damage.

Find the Cheapest Car Insurance Quotes in Your Area

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The cheapest companies for full coverage policies are USAA, Erie Insurance, and State Farm with average rates under $1,500.

Raising your deductible, comparing quotes and taking advantage of discounts can drive your rate down.

Full coverage rates can range from $1,100 a year in Maine to $4,638 in Michigan.

USAA and Erie Insurance offer the cheapest full-coverage car insurance rates nationally. However, Erie Insurance is only available in 12 states and the District of Columbia, while USAA is only offered to military personnel, veterans and their families.

State Farm has the cheapest full-coverage car insurance at $1,487 a year, on average, among nationwide insurance companies that serve everyone.

CompanyAnnual full-coverage rate
USAA*$1,199
Erie Insurance$1,270
State Farm$1,487
Travelers$1,919
American Family$1,920
Geico$1,937
Progressive$2,032
Nationwide$2,226
Amica$2,548
Allstate$2,609
Farmers$3,091

*Only available to current/former military and their families

Full-coverage car insurance costs $1,970 a year, or $164 a month, on average. Your rate is based on several factors, including where you live.

Average full-coverage rates range from $1,100 a year in Maine to $4,638 in Michigan.

StateAverage full-coverage rate
U.S. average$1,970
Alabama$1,979
Alaska$1,532
Arizona$2,683
Arkansas$1,879
California$1,867
Colorado$2,542
Connecticut$2,346
Delaware$2,482
Florida$2,990
Georgia$1,832
Hawaii$1,643
Idaho$1,227
Illinois$2,109
Indiana$1,511
Iowa$1,663
Kansas$1,991
Kentucky$2,295
Louisiana$2,719
Maine$1,100
Maryland$2,051
Massachusetts$2,068
Michigan$4,638
Minnesota$1,884
Mississippi$1,796
Missouri$1,908
Montana$2,174
Nebraska$1,909
Nevada$2,958
New Hampshire$1,146
New Jersey$2,236
New Mexico$1,953
New York$2,030
North Carolina$1,305
North Dakota$1,858
Ohio$1,329
Oklahoma$2,119
Oregon$2,115
Pennsylvania$1,861
Rhode Island$2,636
South Carolina$1,808
South Dakota$2,016
Tennessee$1,554
Texas$1,833
Utah$2,261
Vermont$1,232
Virginia$1,598
Washington$1,534
Washington, D.C.$2,082
West Virginia$1,701
Wisconsin$1,540
Wyoming$1,437

Erie Insurance, USAA and State Farm are the cheapest companies for full-coverage car insurance after a speeding ticket, with all three offering average rates under $2,000 a year for full-coverage policies.

Insurance companies can increase your rates by 23% on average after a ticket, while Amica Mutual raises full-coverage rates by just 8%.

CompanyAnnual rate after a ticket% increase over rate for clean record
Erie Insurance$1,45615%
USAA$1,45721%
State Farm$1,6169%
American Family$2,35223%
Travelers$2,46829%
Geico$2,49329%
Progressive$2,60628%
Amica$2,7398%
Nationwide$2,83928%
Allstate$3,07318%
Farmers$4,25238%

Erie Insurance has the cheapest full-coverage car insurance rate if you’ve been in an accident at $1,597 a year, on average. Your car insurance rate may go up by 49%, on average, after an accident.

CompanyAnnual rate after an accident% increase over rate for clean record
Erie Insurance$1,59726%
USAA$1,65838%
State Farm$1,84324%
Travelers$2,69941%
American Family$2,98055%
Progressive$3,02649%
Geico$3,34172%
Nationwide$3,46055%
Amica$3,94355%
Allstate$4,12558%
Farmers$4,59849%

Find the Cheapest Car Insurance Quotes in Your Area

USAA and Erie offer full-coverage policies to teen drivers at average rates of $2,847 and $3,086 a year, respectively. Young drivers pay an average of 195% more for car insurance than older drivers do.

To save money on car insurance as a young driver, see if your insurance company offers a good-student discount or an away-at-school discount.

Cheapest car insurance for 18-year-old drivers

CompanyAnnual rate% increase over rate for 30-year-old driver
USAA$2,847137%
Erie$3,086143%
State Farm$4,128178%
Geico$5,048161%
American Family$5,413182%
Travelers$5,758200%
Allstate$7,668194%
Nationwide$7,743248%
Progressive$8,495318%
Amica$9,052255%
Farmers$9,354203%

USAA, Erie and Geico are the cheapest options for a full-coverage policy if you have bad credit. Drivers with bad credit pay an average of 88% more for car insurance than drivers with good credit.

If you live in California, Hawaii, Massachusetts or Michigan, your credit score won’t impact your car insurance rate.

CompanyAnnual rate% increase from driver with good credit
USAA$2,18381%
Erie$2,948132%
Geico$3,09360%
Nationwide$3,14741%
American Family$3,17065%
Progressive$3,47271%
Travelers$3,50683%
Allstate$4,21161%
Farmers$4,89058%
State Farm$5,654280%
Amica$5,878131%

No state law requires full-coverage car insurance, but most lenders require it if you lease or finance your vehicle.

Even if you don’t need it, though, full-coverage car insurance is worth considering.

If you have a new or expensive car, full-coverage insurance can protect you from high repair or replacement costs. If you have an older car, the payout may not be worth the cost of a full-coverage policy.

To get the cheapest full-coverage car insurance, compare quotes, increase your deductible and see if you qualify for discounts.

  • Compare quotes from many car insurance companies. Start by getting full-coverage insurance quotes from several different insurance companies. Use the same limits and deductible amounts for each insurer to make the best comparison. Check each company’s customer satisfaction ratings from J.D. Power and the NAIC Complaint Index as well.
  • Raise your deductible. The higher your deductible, the lower your car insurance rate. This can be a good step if you have a clean driving record. Don’t choose a deductible amount you can’t afford to pay if you need to file a claim, though.
  • Look for discounts. Most auto insurance companies offer a range of discounts to stay competitive. Ask an agent which discounts could drive your rate down.

Methodology

LendingTree obtains rates from insurance company filings reported to Quadrant Information Services. Rates shown in this article are based on an analysis of thousands of car insurance quotes for sample drivers in every state. Your rates may vary.

Unless stated otherwise, our sample driver is a 30-year-old man with good credit and no tickets, accidents or DUIs driving a 2015 Honda Civic EX. Our sample teen is an 18-year-old male with no tickets or accidents.

Full-coverage policies include the following limits and deductibles:

  • Bodily injury liability: $50,000 per person, $100,000 per accident
  • Property damage liability: $25,000
  • Collision: $500 deductible
  • Comprehensive: $500 deductible
  • Uninsured/underinsured motorist: $50,000 per person/$100,000 per accident
  • Personal injury protection/medical payments: Minimum limits, where required