24. July 2018 14:50
by Ammelia

Finding Cheap Full Coverage Car Insurance

24. July 2018 14:50 by Ammelia | 0 Comments


 Chances are you’ve heard about full coverage car insurance, but you might not be fully aware of what it actually covers or where you can find it. Here’s what you should know before deciding whether it’s right for you.

What is full coverage insurance?

Full coverage car insurance sounds great, but the term is a bit misleading. “Full coverage” generally refers to policies that include collision and comprehensive insurance — which actually cover very specific risks — in addition to liability insurance.

What does full coverage car insurance actually cover?

Many states mandate that drivers buy only a small amount of auto liability insurance. If you cause a crash, this coverage helps pay for the treatment of other people’s injuries and repairs to their property. But liability insurance won’t pay to repair your vehicle or cover incidents that don’t involve crashing into other vehicles or pedestrians. Collision and comprehensive insurance fill these gaps:

  • Collision coverage pays for repairs to your car if you cause a crash with another vehicle or run into an object, such as a tree or a telephone pole.
  • Comprehensive coverage pays to repair or replace your car if it’s stolen or damaged by a covered cause, such as an animal collision, weather, a falling object, fire or vandalism.
Find the cheapest car insurance for you

How much is full coverage car insurance?

Comprehensive and collision coverage give you much better insurance protection, but they also mean higher rates.

To get an idea of how much higher, NewLifeInsured sampled rates for liability-only policies and full coverage auto policies in three states: California, New Jersey, and Ohio.

Here’s what we found:

State Monthly premium (liability insurance only) Monthly premium (full coverage) Monthly cost to add full coverage
California $42 $90 $48
New Jersey $105 $156 $51
Ohio $30 $60 $30


The price of full coverage car insurance isn’t chump change:

  • Adding it raises Ohio car insurance rates by $362 per year — and that was the most affordable state we tested.
  • It raises New Jersey car insurance rates by $606.

But just one comprehensive or collision claim can make the cost worth it. Replacing a stolen car or repairing your vehicle after a crash could mean paying thousands of dollars out of your own pocket if you don’t have the right insurance.

States ranked for car insurance rates

We looked at rates across the country for drivers carrying full coverage plus uninsured and underinsured motorist insurance. 

National ranking (least to most expensive) State Average annual rate
1 Ohio $684
2 North Carolina $701
3 Maine $702
4 Indiana $734
5 Iowa $749
6 Idaho $773
7 Vermont $777
8 Wisconsin $816
9 North Dakota $833
10 Minnesota $835
11 Washington $856
12 Utah $864
13 Pennsylvania $866
14 South Dakota $891
15 Virginia $895
16 Montana $909
17 Nebraska $914
18 New Hampshire $919
19 Kansas $935
20 Tennessee $970
21 West Virginia $972
22 Illinois $991
23 Georgia $1,010
24 Massachusetts $1,013
25 Oregon $1,018
26 Arkansas $1,025
27 Maryland $1,030
28 Wyoming $1,032
29 Missouri $1,066
30 Hawaii $1,092
31 Arizona $1,128
32 New Mexico $1,154
33 South Carolina $1,155
34 Alabama $1,200
35 Colorado $1,206
36 Texas $1,207
37 Nevada $1,233
38 Alaska $1,245
39 New York $1,268
40 California $1,300
41 Connecticut $1,323
42 Mississippi $1,345
43 Rhode Island $1,386
44 Kentucky $1,434
45 District of Columbia $1,438
46 Oklahoma $1,462
47 New Jersey $1,517
48 Delaware $1,591
49 Florida $2,207
50 Michigan $2,375
51 Louisiana $2,409

Where to buy full coverage car insurance

Full coverage is commonly available from any auto insurance company. We looked at average prices from the four largest car insurers for a policy that includes liability, collision, comprehensive, uninsured motorist bodily injury coverage and other state-required coverages where needed. State Farm was the cheapest option, on average.

Who needs full coverage car insurance?

If you finance your vehicle, your lender might require you to buy full coverage. Aside from that, comprehensive and collision are optional, although some insurers don’t let you add one without the other.

Comprehensive and collision coverage are particularly sound investments if:

  • You have a new or expensive car.
  • You regularly commute in heavy traffic.
  • You live in a place with extreme weather, high car theft rates or a high risk of animal collisions.

However, the older your vehicle and the lower its value, the less benefit there is to have full coverage. Imagine it costs you $600 per year to add comprehensive and collision and you have a $1,000 deductible, which is the amount your insurer will subtract from a claim payment. If your car is worth only $2,000, the net value of a claim check would be $1,000 at most — so if you carry full coverage for more than a year, you won’t be able to get back more than what you paid. Checking your car’s current value at the National Automobile Dealers Association‘s website can help you decide whether full coverage makes sense.

Even with full coverage, there are other policy options you might need. For example, uninsured motorist protection, towing and labor service, and medical payments insurance all provide coverage that collision and comprehensive won’t.

How will various policy changes affect your rates? You can get insurance quotes using the NewLifeInsured tool and compare estimates to see for yourself.


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