Ensuring comprehensive car insurance coverage is crucial for safeguarding your vehicle and financial stability. This entails incorporating liability, comprehensive, and collision insurance to provide complete protection. However, when it comes to money saving money, it’s essential to deliberate on securing an affordable policy. In 2024, Travelers stands out as one of the most cost-effective choices, boasting an average annual full coverage rate of $1,681.
Cheap Full Coverage Insurance Companies (Average Rates per Year):
- Travelers: $1,681 ($140 per month)
- American Family: $1,791 ($149 per month)
- Geico: $1,846 ($154 per month)
- State Farm: $1,976 ($165 per month)
- Progressive: $2,112 ($176 per month)
- Nationwide: $2,279 ($190 per month)
- Allstate: $2,665 ($222 per month)
- Farmers: $3,106 ($259 per month)
- USAA: $1,432 ($119 per month)
Note: Savings can exceed $1,400 annually by choosing the cheapest company over the most expensive, considering nine major auto insurers.
State-by-State Breakdown of Cheap Full Coverage Insurance:
Your location significantly influences full coverage auto insurance costs. Here are the cheapest insurers, on average, in each state:
- Alabama: Travelers – $1,719
- Alaska: Geico – $1,217
- Arizona: Noblr – $775
- Arkansas: Geico – $1,501
- California: Auto Club of SoCal – $1,147
- (Continue for all 50 states and Washington, D.C.)
Cheap Full Coverage Insurance for Specific Scenarios:
1. Accidents:
- Best: Travelers – $2,376
- Worst: Farmers – $5,210
2. DUI:
- Best: Travelers – $2,950
- Worst: Geico – $4,420
3. Poor Credit:
- Best: Geico – $2,566
- Worst: State Farm – $7,289
Note: Shopping around is crucial; smaller, regional insurers may offer even more savings.
Understanding Full Coverage Insurance:
“Full coverage” isn’t a standalone policy but a combination covering various situations:
- Liability: Covers damage to others in accidents you cause.
- Comprehensive: Protects against non-collision events (e.g., theft, natural disasters).
- Collision: Covers damage to your vehicle in accidents.
While minimum coverage meets legal requirements, full coverage is vital for comprehensive protection.
Tips for Comparing Full Coverage Quotes:
- Consistent Information: Provide identical details for accurate comparisons.
- Deductibles and Limits: Maintain consistency in deductibles and liability limits.
- Add-On Coverage: Compare details of additional coverage options.
- Affordable Deductibles: Choose deductibles you can afford in case of a claim.
- Information Consistency: Ensure uniform details when obtaining quotes from multiple sources.
Conclusion: Shop Smart for Maximum Savings
When seeking full coverage car insurance, diligent comparison is key. Beyond popular insurers, consider regional options and evaluate discounts for additional savings. This guide will help you find affordable full coverage insurance tailored to your needs in 2024.
