Cheapest Full-Coverage Car Insurance Companies (2024)
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.
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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.
Cheapest companies for full-coverage car insurance
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.
| Company | Annual 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
How much does full-coverage car insurance cost by state?
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.
| State | Average 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 |
Cheapest company for full-coverage car insurance with a ticket: Erie
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%.
| Company | Annual rate after a ticket | % increase over rate for clean record |
|---|---|---|
| Erie Insurance | $1,456 | 15% |
| USAA | $1,457 | 21% |
| State Farm | $1,616 | 9% |
| American Family | $2,352 | 23% |
| Travelers | $2,468 | 29% |
| Geico | $2,493 | 29% |
| Progressive | $2,606 | 28% |
| Amica | $2,739 | 8% |
| Nationwide | $2,839 | 28% |
| Allstate | $3,073 | 18% |
| Farmers | $4,252 | 38% |
Cheapest rates for full-coverage car insurance with an accident: Erie
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.
| Company | Annual rate after an accident | % increase over rate for clean record |
|---|---|---|
| Erie Insurance | $1,597 | 26% |
| USAA | $1,658 | 38% |
| State Farm | $1,843 | 24% |
| Travelers | $2,699 | 41% |
| American Family | $2,980 | 55% |
| Progressive | $3,026 | 49% |
| Geico | $3,341 | 72% |
| Nationwide | $3,460 | 55% |
| Amica | $3,943 | 55% |
| Allstate | $4,125 | 58% |
| Farmers | $4,598 | 49% |
Cheapest company for full-coverage car insurance for young drivers: USAA
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
| Company | Annual rate | % increase over rate for 30-year-old driver |
|---|---|---|
| USAA | $2,847 | 137% |
| Erie | $3,086 | 143% |
| State Farm | $4,128 | 178% |
| Geico | $5,048 | 161% |
| American Family | $5,413 | 182% |
| Travelers | $5,758 | 200% |
| Allstate | $7,668 | 194% |
| Nationwide | $7,743 | 248% |
| Progressive | $8,495 | 318% |
| Amica | $9,052 | 255% |
| Farmers | $9,354 | 203% |
Cheapest company for full-coverage car insurance with bad credit: USAA
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.
| Company | Annual rate | % increase from driver with good credit |
|---|---|---|
| USAA | $2,183 | 81% |
| Erie | $2,948 | 132% |
| Geico | $3,093 | 60% |
| Nationwide | $3,147 | 41% |
| American Family | $3,170 | 65% |
| Progressive | $3,472 | 71% |
| Travelers | $3,506 | 83% |
| Allstate | $4,211 | 61% |
| Farmers | $4,890 | 58% |
| State Farm | $5,654 | 280% |
| Amica | $5,878 | 131% |
Do I need full coverage on my car?
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.
How do I get affordable full-coverage insurance?
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