The cheapest full coverage car insurance companies are USAA, Esurance, and Auto-Owners, according to WalletHub’s analysis. Full coverage car insurance costs an average of $4,211 per year, which is more than three times the average cost for state-minimum coverage, so it’s important to find a cheap provider.
Cheapest Full Coverage Car Insurance
Cheapest Full Coverage Car Insurance Companies
USAA Insurance
USAA Insurance
The cheapest full coverage car insurance company is USAA, which charges an average of $234 per month for full coverage. In fact, USAA ranks as one of the most affordable companies for teens, seniors, and drivers overall.
However, USAA insurance is only available to veterans, members of the military, and their families, but its policies provide good value if you qualify. USAA also advertises discounted deployment rates that apply to service members posted anywhere overseas. In addition, USAA offers supplemental options like extra passenger protection and rideshare coverage.
Esurance
Esurance
Esurance offers 14 possible discounts, including savings for safe vehicles, customers with no at-fault accidents, and drivers who use its telematics program, DriveSense.
Esurance has also received high user ratings on WalletHub, earning 3.5 out of 5 stars on average. However, Esurance has an NAIC rating of 1.87, which means it has received many more customer complaints than the average insurer.
Auto-Owners Insurance
Auto-Owners Insurance
A full coverage policy from Auto-Owners costs an average of $239 per month, and the company offers 13 possible discounts to help you save even more. In addition to competitive pricing, Auto-Owners has the highest possible rating for financial stability from AM Best.
GEICO
GEICO
Geico offers some of the cheapest full coverage insurance policies, along with an impressive 23 possible discounts. WalletHub’s editors also note Geico’s streamlined claims process and its many types of insurance, which can help drivers save by bundling car insurance with coverage for their homes or other vehicles.
Mercury Insurance
Mercury Insurance
Car insurance from Mercury 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 specialty coverage options that include mechanical protection, commercial auto insurance, and ride-hailing coverage.
21st Century Insurance
21st Century Insurance
21st Century Insurance offers low prices accompanied by generous discounts such as good student, mature driver, and multi-car savings discounts. Car insurance customers can also benefit from a multi-policy discount if they purchase another type of insurance from 21st Century, such as renters, homeowners, or motorcycle insurance. In addition, specialty coverage types include classic car and recreational vehicle insurance.
Progressive
Progressive
Progressive regularly ranks among the cheapest insurers in WalletHub studies, and full coverage is no exception. Customers can also benefit from a variety of discounts, including auto-pay, sign online, and continuous coverage discounts. On the other hand, the company’s high NAIC rating indicates more customer complaints than the average insurer.
Allstate
Allstate
Allstate’s main selling points for full coverage car insurance are its reasonable premiums and its unusual variety of extra coverage options, which include accident forgiveness and new car replacement. Allstate drivers can also receive discounts for paying in full, going paperless, driving safely and more.
Travelers Insurance
Travelers Insurance
Travelers received a 4.2 out of 5 rating from WalletHub’s editors, in part due to its many coverage options, financial stability, and online claims filing process. Possible savings include an auto-pay discount, an electric car discount, and a safe driving discount.
State Farm
State Farm
State Farm has high ratings from both WalletHub editors and users due to their convenient claims service, nationwide availability, and great range of discounts. While State Farm is not the absolute cheapest option available, their rates are still competitive, especially when discounts are considered.
Cheapest Full Coverage Car Insurance by Category
- Cheapest full coverage car insurance for good drivers: Esurance, USAA, Auto-Owners
- Cheapest full coverage car insurance for teens: Auto-Owners, USAA, Geico
- Cheapest full coverage car insurance for college student: Esurance, Geico, USAA
- Cheapest full coverage car insurance for seniors: Esurance, USAA, Auto-Owners
Cheapest Full Coverage Car Insurance Comparison
| Rank | Insurer | Full Coverage Cost |
|---|---|---|
| 1 | USAA | $234 per month |
| 2 | Esurance | $264 per month |
| 3 | Geico | $241 per month |
| 4 | Auto-Owners | $239 per month |
| 5 | Mercury | $280 per month |
| 6 | 21st Century | $389 per month |
| 7 | Progressive | $337 per month |
| 8 | Allstate | $306 per month |
| 9 | Travelers | $293 per month |
| 10 | State Farm | $293 per month |
Quotes are the average of a series of quotes gathered by Quadrant Information Services in California. For more information, see the methodology section below.
Full Coverage Insurance Costs by State
| State | Cheapest Insurance Company | Monthly Rate | Average Cost for Full Coverage in State |
|---|---|---|---|
| Alabama | Geico | $176 per month | $355 per month |
| Alaska | Geico | $158 per month | $283 per month |
| Arizona | Noblr | $54 per month | $390 per month |
| Arkansas | State Farm | $184 per month | $397 per month |
| California | Wawanesa | $160 per month | $380 per month |
| Colorado | American National | $169 per month | $418 per month |
| Connecticut | Geico | $203 per month | $454 per month |
| Delaware | State Farm | $208 per month | $449 per month |
| Florida | Geico | $279 per month | $557 per month |
| Georgia | Country Financial | $200 per month | $391 per month |
| Hawaii | Geico | $84 per month | $123 per month |
| Idaho | American National | $103 per month | $228 per month |
| Illinois | Country Financial | $162 per month | $329 per month |
| Indiana | Pekin | $128 per month | $243 per month |
| Iowa | Hastings Mutual | $107 per month | $222 per month |
| Kansas | Nationwide | $163 per month | $320 per month |
| Kentucky | Geico | $206 per month | $403 per month |
| Louisiana | USAA | $292 per month | $657 per month |
| Maine | Auto-Owners | $102 per month | $211 per month |
| Maryland | USAA | $191 per month | $417 per month |
| Massachusetts | State Farm | $99 per month | $327 per month |
| Michigan | Geico | $177 per month | $526 per month |
| Minnesota | State Farm | $159 per month | $271 per month |
| Mississippi | USAA | $192 per month | $308 per month |
| Missouri | USAA | $135 per month | $360 per month |
| Montana | USAA | $164 per month | $328 per month |
| Nebraska | Farmers Mutual of Nebraska | $172 per month | $310 per month |
| Nevada | Geico | $183 per month | $427 per month |
| New Hampshire | MMG Insurance | $146 per month | $271 per month |
| New Jersey | Geico | $163 per month | $507 per month |
| New Mexico | Geico | $158 per month | $318 per month |
| New York | American Family | $259 per month | $625 per month |
| North Carolina | Erie | $121 per month | $185 per month |
| North Dakota | American Family | $155 per month | $282 per month |
| Ohio | Hastings Mutual | $111 per month | $223 per month |
| Oklahoma | State Farm | $194 per month | $374 per month |
| Oregon | Country Financial | $144 per month | $293 per month |
| Pennsylvania | Travelers | $175 per month | $351 per month |
| Rhode Island | State Farm | $189 per month | $509 per month |
| South Carolina | Geico | $179 per month | $380 per month |
| South Dakota | State Farm | $185 per month | $278 per month |
| Tennessee | State Farm | $170 per month | $302 per month |
| Texas | Redpoint | $168 per month | $445 per month |
| Utah | QBE Insurance | $179 per month | $383 per month |
| Vermont | State Farm | $119 per month | $216 per month |
| Virginia | Utica | $117 per month | $287 per month |
| Washington | Pemco | $184 per month | $367 per month |
| West Virginia | State Farm | $157 per month | $301 per month |
| Wisconsin | USAA | $130 per month | $262 per month |
| Wyoming | USAA | $175 per month | $283 per month |
For more information, please see the methodology section below.
Tips for Finding the Cheapest Full Coverage Car Insurance
Consider the coverage limits you need
After fulfilling your state’s minimum coverage requirements, you can choose whether to increase your coverage limits or add optional coverage types. In order to protect yourself from the financial consequences of an accident, your liability limits should be about equal to your assets.
Choose a deductible that fits your financial circumstances
A car insurance deductible is the amount you have to pay before filing a comprehensive or collision claim. Higher deductibles mean lower premiums, but you should choose a deductible you could comfortably afford if the need arises.
Shop around
Companies have different methods of determining premiums, based on a customer’s driving record, location and vehicle, among other factors. So comparing quotes is the best way to find the most affordable option.
Check for discounts
Car insurance companies offer a variety of discounts, including safe driver discounts, vehicle safety discounts, and discounts for taking a defensive driving course.
Look into regional car insurance companies
In some cases, regional car insurance companies offer better rates than national insurance companies. For example, Wawanesa only offers coverage in California and Oregon, but it has the cheapest auto insurance rates in California.
These types of insurers may have a better understanding of the risks associated with drivers in a specific area, and they may be able to offer more tailored coverage options at a lower cost as a result. Lower overhead costs compared to national insurance companies help, too.
Learn more about how to find the cheapest full coverage car insurance.
Methodology for Selecting the Cheapest Full Coverage Car Insurance
WalletHub editors ranked 17 major car insurance companies to determine the cheapest full coverage auto insurance. Premiums reflect the average of a series of quotes sourced from Quadrant Information Services, using California ZIP codes and the following coverage limits:
- $100,000 bodily injury liability coverage 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
Average and lowest full coverage premiums by state were determined using the coverage limits listed above, plus any other coverage required by the state (personal injury protection, MedPay, medical benefits, liability for death, and property protection).
Video: How to Get the Cheapest Full Coverage Car Insurance
Ask the Experts
To gain more insight about cheapest full coverage car insurance, WalletHub posed the following questions to a panel of experts. Click on the experts below to view their bios and answers.
1. Do you have any advice for people who want to minimize the cost of full coverage car insurance?
2. What is the best way to find the best full coverage policy?
3. Would you say full coverage car insurance is a luxury or a necessity?
Ask the Experts
JD LLM - Assistant Professor of Law - University of North Dakota, School of Law
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Ph.D., Professor of Management, School of Business, Southern Utah University
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Professor of Law Emeritus, Director of the Graduate Program in Financial Services Law Emeritus, Chicago-Kent College of Law, Illinois Tech
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DBA, Professor of Finance, Chair of Finance, Economics, and International Business, Judd Leighton School of Business and Economics – Indiana University South Bend
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D.Sc., Professor of Business Management, Rowland School of Business, Point Park University
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MS, MBA, CFP®, Chair, Personal and Family Financial Planning, Associate Professor of Practice, Norton School of Human Ecology, University of Arizona
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WalletHub experts are widely quoted. Contact our media team to schedule an interview.