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

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


Looking for the best full coverage car insurance in 2024? State Farm leads the pack with the most affordable options, averaging $124 per month. But there are other great choices depending on your needs and location. Here's a detailed look at the cheapest full coverage car insurance providers for this year.

Best Options for Full Coverage Car Insurance

  • Best Overall: State Farm - $124/mo
  • Cheapest Regional Company: Erie - $106/mo
  • Best for Coverage: Auto-Owners - $141/mo

To compile this list, ValuePenguin analyzed millions of quotes from across the U.S. for a 30-year-old driver with a 2015 Honda Civic EX and a clean driving record. The best full coverage auto insurance companies provide affordable rates and high customer service scores. Here's a breakdown of what makes these companies stand out.

How to Get Cheap Full Coverage Car Insurance

State Farm, Erie, and USAA offer the best cheap full coverage quotes. State Farm, available nationwide, is the most affordable for most drivers at $124 per month. However, if you qualify, Erie and USAA can offer even lower rates:

  • Erie: $106 per month. Available in 12 states and Washington, D.C.
  • USAA: $100 per month. Available only to military members, veterans, and their families.

If you're eligible, getting quotes from these companies is worth your time.

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 are eligible for a USAA policy.

Why Full Coverage Costs More

The average cost of full coverage car insurance is $164 per month, more than double the cost of liability-only insurance. This higher price includes comprehensive and collision coverage, which means your insurance company will pay for repairs to your car after a covered accident.

Best Affordable Full Coverage: State Farm

State Farm offers the best value, with full coverage averaging $124 per month. Here’s why you might choose State Farm:

  • Pros:

    • Cheapest national insurance provider
    • Reliable customer service
    • Great bundling options with home and renters insurance

  • Cons:

    • Limited optional coverages (no gap insurance or accident forgiveness)

State Farm is the largest auto insurer in the U.S., with competitive rates and good customer service, making it a solid choice for most drivers.

Cheapest Local Option: Erie

Erie offers exceptional rates and customer service for those in its service areas:

  • Pros:

    • Very affordable full coverage
    • Excellent customer service

  • Cons:

    • Only available in 12 states and D.C.
    • Policies must be purchased through an agent

Erie is known for its affordable rates and exceptional claims service, ranking second in J.D. Power's claims satisfaction survey.

Best for Military Families: USAA

USAA is a standout choice for military members and their families, offering the lowest rates and excellent service:

  • Pros:

    • Very affordable rates
    • Numerous military-specific discounts

  • Cons:

    • Only available to military members, veterans, and eligible family members

USAA consistently receives high marks for customer satisfaction and offers a range of discounts, making it a great option for those who qualify.

Basic Coverage Needs: Country Financial

Country Financial provides affordable rates and straightforward coverage options:

  • Pros:

    • Competitive rates
    • Good discounts available

  • Cons:

    • Limited coverage add-ons

At $133 per month, Country Financial offers reliable full coverage at a lower cost than the national average, making it a good choice for those who don’t need extensive coverage options.

Best for Extra Coverage: Auto-Owners

Auto-Owners shines for those needing customizable policies:

  • Pros:

    • Extensive coverage options
    • Discounts for teen drivers

  • Cons:

    • Only available in 26 states

Auto-Owners offers a range of coverage add-ons like gap insurance and accident forgiveness, making it ideal for those seeking extra protection.

Finding the Right Coverage for You

Your location and personal circumstances can significantly impact your insurance rates. For example, State Farm is the cheapest option in 25 states, while Geico and Erie offer the lowest rates in other regions. Always compare quotes from multiple providers to find the best deal for your needs.

Tips to Save on Full Coverage Insurance

  1. Increase Your Deductible: A higher deductible can lower your monthly premium.
  2. Lower Liability Limits: Reducing these can lower costs but may leave you vulnerable in a significant accident.
  3. Remove Unnecessary Add-ons: Only keep coverages that you really need.

Is Full Coverage Worth It?

Full coverage is usually worth it if your car is newer, financed, or worth more than $5,000. It offers comprehensive protection that liability-only policies don't. However, if you can afford to replace your car out-of-pocket, you might consider dropping full coverage.

Frequently Asked Questions

How much is full coverage insurance?
The average cost is $164 per month, though rates can be lower with companies like State Farm, Erie, or USAA.

What does full coverage include?
Full coverage typically includes collision, comprehensive, and higher liability limits than state minimums. Some policies may also include uninsured and underinsured motorist coverage and personal injury protection.

Do I need full coverage for a financed car?
Yes, most lenders require full coverage with comprehensive and collision insurance for financed or leased vehicles.

Finding the right full coverage car insurance can save you money and provide peace of mind. Be sure to shop around and compare quotes to ensure you're getting the best rate for your needs.

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