The cheapest full-coverage auto insurance companies are Esurance, Geico, and Mercury, according to analysis by WalletHub. Full coverage auto insurance costs an average of $1,997 per year, which is more than three times the average cost of the state’s minimum coverage, so it’s important to find an affordable provider.
cheapest full coverage car insurance
- united states
- 21st century
- state farm
- Bodily injury liability coverage of $100,000 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
cheapest full coverage car insurance companies
The cheapest full coverage car insurance company is esurance. esurance offers 10 possible discounts, including savings for safe vehicles, customers without at-fault accidents, and drivers who use its telematics program, drivesense.
esurance has also received high user ratings on wallethub, averaging 3.6 out of 5 stars. However, Esurance has a NAIC rating of 3.18, meaning it has received far more customer complaints than the average insurer.
geico provides the second cheapest full coverage insurance and offers 16 impressive discounts. WalletHub’s editors also note Geico’s streamlined claims process and its many types of insurance, which can help drivers save by combining auto insurance with coverage for their homes or other vehicles.
mercury auto insurance 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 specialized coverage options including mechanical protection, commercial auto insurance, and rideshare coverage.
usaa is only available to veterans, members of the military, and their families, but its policies offer good value if you qualify. usaa also advertises discounted deployment rates that apply to service members stationed anywhere overseas. In addition, USAA offers complementary options such as additional passenger protection and rideshare coverage.
progressive regularly ranks among the cheapest insurers in wallethub studies, and comprehensive coverage is no exception. Customers can also take advantage of a variety of discounts, including discounts for auto pay, online login, and continued coverage. 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 students, mature drivers and savings discounts for several cars. car insurance customers can also benefit from a multi-policy discount if they take out another type of 21st century insurance, such as renters, home or motorcycle insurance. Additionally, specialty coverage types include classic auto and recreational vehicle insurance.
AAA auto 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 membership. however, aaa has received many customer service complaints and does not offer 24/7 live customer support.
allstate’s main selling points for full coverage auto insurance are its reasonable premiums and its unusual array of additional coverage options, including 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 editors, in part due to its many coverage options, financial stability, and online claims filing process. Potential savings include an auto pay discount, an electric car discount, and a safe driving discount.
state farm earns high marks from both the editors and users of wallethub due to its convenient claims service, nationwide availability, and wide variety of discounts. While state farm isn’t the absolute cheapest option available, their rates are still competitive, especially when discounts are factored in.
comparing the cheapest full coverage car insurance in 2022
Quotes are the average of a series of quotes compiled by Quadrant Information Services in California. For more information, see the methodology section below.
full coverage insurance costs by state
For more information, see the methodology section below.
tips for finding the cheapest full coverage car insurance
consider the coverage limits you need
After you meet your state’s minimum coverage requirements, you can choose to increase your coverage limits or add optional coverage types. To protect yourself from the financial consequences of an accident, your liability limits should be approximately equal to your assets.
choose a deductible that fits your financial circumstances
An auto insurance deductible is the amount you must pay before filing a comprehensive or collision claim. higher deductibles mean lower premiums, but you should choose a deductible you can comfortably afford if the need arises.
Companies have different methods for determining premiums, based on the customer’s driving history, location, and vehicle, among other factors. therefore, comparing quotes is the best way to find the most affordable option.
Car insurance companies offer a variety of discounts, including safe driver discounts, vehicle safety discounts, and discounts for taking a defensive driving course.
methodology to select the cheapest comprehensive car insurance
wallehub editors ranked 17 of the top auto insurance companies to determine the cheapest full coverage auto insurance. Premiums reflect the average of a series of quotes obtained from Quadrant Information Services, using California zip codes and the following coverage limits:
Average and lowest full coverage premiums per state were determined using the coverage limits listed above, plus any other state-required coverage (personal injury protection, medical payment, medical benefits, death liability, and of the property).
video: how to get the cheapest full coverage car insurance
ask the experts
To learn more about the cheapest full coverage car insurance, Wallethub posed the following questions to a panel of experts. Click on the experts below to see their biographies and responses.
1. When should drivers consider getting full coverage auto insurance? 2. When should drivers consider dropping full coverage on their auto insurance policy? 3. What do you think is the biggest misconception people have about full coverage auto insurance?
See also: Am I Paying Too Much for Car Insurance?