The Cheapest (and Best) Full Coverage Car Insurance of 2024

The Cheapest (and Best) Full Coverage Car Insurance of 2024    

Looking for affordable full coverage car insurance? State Farm offers the most cost-effective full coverage option for most drivers, averaging $124 per month. Read on to discover how to find the best deals on full coverage auto insurance and which companies stand out in 2024.

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Cheapest Full Coverage Insurance Companies

  • State Farm: $124/mo – Best overall coverage
  • Erie: $106/mo – Best regional company
  • Auto-Owners: $141/mo – Best for comprehensive coverage

Our data comes from millions of quotes collected across the U.S. for a 30-year-old driver with a clean driving record, using a 2015 Honda Civic EX as a standard. The best full coverage insurance companies combine affordability with high customer service ratings.

How to Get Cheap Full Coverage Car Insurance

State Farm, Erie, and USAA are top choices for affordable full coverage quotes. State Farm offers the best rate for most drivers at $124 per month. While Erie and USAA can be cheaper, they are not available to everyone. Erie operates in only 12 states and Washington, D.C., and USAA is exclusive to military members, veterans, and their families. If eligible, it's worth getting quotes from these companies.

Cheap Full Coverage Car Insurance Comparison

CompanyMonthly Rate
Erie$106
State Farm$124
Country Financial$133
Auto-Owners$141
American Family$160

Note: Only current and former military members and their families can qualify for a USAA policy.

Why Full Coverage Costs More

Full coverage car insurance averages $164 per month—more than double the cost of liability-only insurance. This is because full coverage includes both collision and comprehensive coverage, protecting you from various incidents, whether you hit another vehicle or a tree falls on your car.

Best Affordable Full Coverage Car Insurance: State Farm

State Farm stands out for offering the cheapest full coverage available nationwide, with policies averaging $124 per month. Here's why it's a top choice:

Pros:

  • Lowest rates among national insurers
  • Reliable customer service
  • Great for bundling with other insurance types

Cons:

  • Lacks some optional coverages like gap insurance and accident forgiveness

State Farm is the largest auto insurer in the U.S., known for competitive rates and solid customer service. According to J.D. Power, State Farm's customers report high satisfaction with the claims process.

Cheapest Local Full Coverage Option: Erie

Erie offers some of the lowest full coverage rates in the U.S., with an average cost of $106 per month.

Pros:

  • Highly affordable rates
  • Outstanding customer service
  • Customizable coverage options

Cons:

  • Limited availability (only in 12 states and D.C.)
  • Requires purchasing through an agent

Erie consistently ranks high for customer satisfaction, making it a great choice if you're eligible.

Best for Military Families: USAA

USAA offers top-notch customer service and affordable full coverage, averaging $100 per month.

Pros:

  • Low-cost insurance
  • Excellent support
  • Discounts tailored for military members

Cons:

  • Limited to military members, veterans, and their families

USAA is a favorite among military families for its low rates and exceptional service, as noted by J.D. Power.

Best for Basic Full Coverage: Country Financial

Country Financial is ideal for those seeking straightforward coverage without many add-ons. It costs about $133 per month.

Pros:

  • Cost-effective basic coverage
  • Numerous discounts

Cons:

  • Limited options for additional coverage like gap insurance

Despite its basic offerings, Country Financial scores well for customer service, ensuring a smooth claims process.

Best for Extra Coverage Options: Auto-Owners

Auto-Owners provides flexible coverage choices, making it the best for drivers needing additional protection. It costs around $141 per month.

Pros:

  • Wide range of add-ons, including gap coverage and accident forgiveness
  • Good discounts for families with young drivers

Cons:

  • Available in only 26 states

For drivers who want comprehensive coverage options and strong customer support, Auto-Owners is a solid choice.

Full Coverage Car Insurance by State

Insurance rates can vary significantly based on location. For example, State Farm offers the cheapest full coverage in 25 states, while Geico is the most affordable in seven states. Drivers with military connections often find the lowest rates with USAA.

Tips to Save on Full Coverage Car Insurance

  1. Shop Around: Compare quotes from different insurers to find the best deal.
  2. Adjust Coverage: Reduce or remove coverage you don't need to lower costs.
  3. Increase Deductibles: A higher deductible can lower your monthly premium but means more out-of-pocket costs if you have an accident.
  4. Utilize Discounts: Look for discounts like safe driver or multi-policy discounts.

Is Full Coverage the Right Choice for You?

Full coverage is generally recommended for newer or financed vehicles. It offers comprehensive protection, covering not just liability but also damages to your vehicle from accidents, theft, and natural disasters. While full coverage is more expensive, it can save you from costly repairs and replacements.

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