Full coverage car insurance cost in 2024

The cost of full coverage car insurance varies depending on the insurance company you choose, where you live and other factors. Find out more about full coverage, how much you can expect to pay and how to cut your costs.

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The average full coverage car insurance cost nationwide is $1,895 a year, or $158 a month. That's based on 100/300/100 insurance limits for liability ($100,000 per person and $300,000 per accident for bodily injury and $100,000 per accident for property damage) with $500 deductibles.

The term “full coverage” can vary from place to place and it has no precise definition. What it includes depends on what is required by law in your state. Full coverage car insurance usually includes:

For our rate analysis, we use 100/300/100 insurance cost to illustrate the average cost for full coverage car insurance at our recommended liability levels. The cost of full coverage car insurance varies and depends on many factors. Find out which states charge the most – and least – for full coverage car insurance and which insurers offer the best deal. 

Key takeaways

How much is full coverage insurance?

The average full coverage car insurance cost is $1,895 per year, or about $158 per month, according to Insurance.com's most recent data. That’s based on coverage of 100/300/100 ($100,000 per person, $300,000 per incident for injuries, and $100,000 for property damage.) The average cost of state minimum coverage, which offers much less coverage, is $502 annually.

Car insurance rates are very specific to the driver: Your age, driving record, credit history and location count, and the kind of car you are driving. Rates vary by hundreds or even thousands of dollars from company to company. That's why we always suggest comparing quotes as your first step to saving money.

How much does full coverage insurance cost in your state?

The average cost of full coverage car insurance in the U.S. is $1,895 a year, or $158 a month. That’s based on 100/300/100 liability limits with $500 deductibles. These are averages, and many factors affect auto insurance rates, so your rates will differ.

Maine is the cheapest state for full coverage car insurance, with premiums that cost $1,175 annually. The three cheapest states for this level of coverage and their annual premiums are: 

At the other extreme, Louisiana is the most expensive state for full coverage car insurance, with premiums that cost $2,883 annually. The three most expensive states for full coverage are: 

Below you’ll find how much full coverage costs in each state.

Data updated in 2024 Read our full methodology

*New Hampshire doesn’t require drivers to have car insurance, but most drivers do, and we’ve listed what is mandated if you choose to carry coverage.

Full coverage car insurance cost by company

Nationwide offers the best deal on full coverage car insurance. Premiums average $129 per month, or $1,548 annually. USAA offers cheaper coverage to people who are eligible. 

Below you’ll find the cheapest companies for full coverage car insurance.

*USAA only provides coverage to military members, veterans and their families.

Best car insurance for full coverage 

The best full coverage car insurance policies are offered by Erie, according to Insurance.com’s data. The insurer earned a 4.67 overall Insurance.com score. Auto-Owners and Travelers followed, receiving scores of 4.65 and 4.62, respectively. 

Below is a full list of the top insurance companies for full coverage based on price, NAIC complaint ratio, customer satisfaction and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

In the Insurance.com rankings, full coverage includes liability limits of 100/300/100 and $500 deductibles.

Choose the right coverage using our car insurance coverage calculator

Use Insurance.com's online car insurance calculator to get a personal recommendation for what kind of car insurance coverage you should buy and what deductibles to consider.

How to get cheap full coverage car insurance

The best way to find the cheapest full-coverage car insurance is to shop around and compare quotes. Insurance companies rate risk differently, which can result in dramatic differences in premium quotes. In addition to shopping around, here are a few tips for getting cheaper full coverage car insurance:

When should you drop full coverage on your car?

While there is no specific time at which you can or should drop full coverage, there are a few ways to decide.

First, if your loan is paid off and you feel comfortable covering the cost of repairs or replacement after an accident, you may want to drop your comprehensive and collision coverages.

A car's value drops with each passing year, and so do the insurance premiums. At a certain point, most drivers would choose to accept the risk and bank the collision and comprehensive premiums because they would be unlikely to find a reliable replacement with the insurance payout.

Consider how much you are paying for the additional coverage and how much your car is worth. Putting that extra money aside may be the wiser choice. If you don’t have an accident, it stays in your pocket. If you do, hopefully, you’ve saved enough to cover it.

Full coverage car insurance: Our recommendation

Full coverage car insurance is more expensive than liability-only, but it's the right choice for a lot of people.

You should pay extra for full coverage if:

You can save the money and buy liability-only if:

Methodology

Insurance.com commissioned 2023 full coverage insurance rates from Quadrant Data Services for coverage of 100/300/100 with $500 deductibles. Rates were fielded from multiple companies in ZIP codes across the country. Rates are based on a 40-year-old male driver with a clean record, driving a 2023 Honda Accord LX. The content is updated for 2024.

Auto insurance FAQs

How much is full coverage insurance on a new car?

There is no difference in the cost of full coverage car insurance between a new and a used car. That is to say, the answer to the question “How much is full coverage on a used car?” is the same: it depends.

The average cost of full coverage car insurance in 2023 is $1,895, according to Insurance.com data. That will vary based on a wide variety of factors. The car's value is more important than whether it’s new or used.

How much is full coverage insurance a month?

The monthly cost of a full coverage policy varies, but based on the annual national average, the monthly cost would be $158.

Do you have to have full coverage insurance when financing a car?

In almost all cases, the answer to this question is yes. If you are financing your vehicle, your lender will require that you carry minimum full coverage to protect its investment in your vehicle.

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