Best Full Coverage Auto Insurance for 2021

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Full coverage auto insurance means your car will be protected in the event of an accident or other events that could damage it. While state law generally only requires liability coverage, if you are financing your car, the lender may want you to have a policy with full coverage.

The most reliable full coverage auto insurance isn’t always the cheapest. Find auto insurers that will best meet your insurance needs, we have also focused on customer and claims satisfaction, service area and available discounts.

Best Full Coverage Auto Insurance

Auto insurance company JD Power Customer Satisfaction Score Average annual premium for full coverage
Allstate 876/1000 $ 1,921
Erie Insurance 880/1000 $ 1,233
Farmers 872/1000 $ 2,000
In all the countries 876/1000 $ 1,485
State farm 881/1000 $ 1,457

Allstate

Allstate policies can cost more on average, but the carrier offers plenty of discounts and potential benefits for auto insurance. The company offers new car replacement, which will pay the actual cost of replacing your car after an accident, as well as accident forgiveness this will keep your premiums at the same rate. If you don’t like the way your complaints process is handled, Allstate offers a claim satisfaction guarantee who can reimburse part of your premiums.

Erie Insurance

Erie Insurance is highly rated by JD Power and offers reliable comprehensive insurance at a low average rate. Erie Lock in rates can guarantee that your insurance premium stays the same, and the company also offers the First Accident Discount to eligible policyholders after you’ve put your premium in place for a few years. The main strike against Erie is that it operates in limited states. Check your state availability before delving too deeply into this carrier’s auto insurance offers.

Farmers

The farmer has the highest average annual cost on our list, but this carrier offers a wide range of potential discounts like paperless billing, a safe driver, a good student and an owner. Farmers are even offering discounts for alternative fuel vehicles in California. The supplier has many coverage options to choose from, such as replacing a new car and accident remission.

In all the countries

Nationwide includes all the usual options that come with full coverage, as well as some useful offers like towing and labor coverage and gap coverage. This carrier also offers high tech discounts like the SmartRide program that uses telematics to track your driving and SmartMiles (pay-per-mile) which reduces premiums if you don’t use the car much. Nationwide has many types of insurance available, so this carrier is also good for bundling insurance policies.

State farm

State Farm is a big name in the insurance world because of its size and options. This insurer’s policy add-ons, such as rental car insurance, are useful for people on the go. For policyholders under 25, State Farm offers a Steer Clear reduction program that can reduce monthly premiums for completing a driving course, which can help offset the often higher cost of insurance for young drivers. . The State Farm mobile app allows you to submit claims, get new quotes, and view your insurance profile.

What is full coverage auto insurance?

Full coverage auto insurance refers to a common set of benefits included in a single policy. Generally speaking, all drivers should have liability coverage, which covers medical bills and car repairs for other drivers. Comprehensive coverage, although not usually required by law, covers medical bills, car repairs, and other expenses of the policyholder.

All insurers offering full coverage will generally include collision coverage and full coverage in the policy. Collision coverage pays for damage to your car in a moving accident, and comprehensive coverage pays for damage to your car in other events, such as theft, vandalism, and natural disasters.

While full coverage pays for damage to your car, you will usually need to pay a deductible before coverage takes effect to pay the rest. Additionally, all coverages in a policy always have a coverage limit, which is the maximum amount that the policy will cover. Many insurers allow you to increase coverage limits for an additional fee.

Most personal auto insurance policies does not cover commercial useTherefore, if you are using your car for a delivery business or rideshare service, you may need to purchase additional coverage.

Is Full Coverage Auto Insurance Worth It?

When deciding whether the additional cost of full coverage Auto insurance is worth it, it often helps to think about what would happen if your car was damaged or totaled. Could you pay for repairs or a replacement out of pocket? If your car is older and less valuable, some people may decide that full coverage isn’t worth the money for their needs. However, if you used an auto loan to purchase your car, full coverage may be required in the contract with the lender.

Frequently Asked Questions

Which auto insurer is the best?

The best auto insurer depends on the insurance needs of the individual. To find the auto insurance company that’s best for you, we recommend that you shop around for quotes from a few providers so you can compare.

Does my liability coverage pay for repairs to my car?

Liability coverage under your policy will not cover damage to your car. This coverage will only cover damage to other people and their vehicles, so you’ll need full coverage if you want your own car repairs to be covered under your policy.

What is the difference between collision coverage and comprehensive coverage?

Collision coverage pays for damage to your car in a moving accident. Comprehensive coverage covers damage to your car that occurs during other events, such as theft, falling limbs, or fire. Both of these coverages are included in most full coverage policies.

Methodology

Bankrate uses Quadrant Information Services to analyze rates for all postal codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record , good credit and the following comprehensive coverage limits:

  • $ 100,000 of civil liability per person
  • Civil liability of $ 300,000 per accident
  • Civil liability of $ 50,000 per accident
  • $ 100,000 of uninsured bodily injury by a motorist per person
  • $ 300,000 in uninsured bodily injury by a motorist per accident
  • $ 500 collision deductible
  • Full $ 500 deductible

To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our example drivers own a 2019 Toyota Camry, commute five days a week, and travel 12,000 miles a year.

These are sample rates and should only be used for comparison purposes. Your quotes may be different.

Rates are determined based on data from Quadrant 2020 Information Services.

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