Full coverage insurance combines collision, liability, and comprehensive coverage. It covers damages caused to your car and the other guy’s car in case of an accident, as well as non-collision damages to your car.
Collision coverage offers protection for your car from damage in an accident
Liability coverage offers protection from injuries and damage to others in at-fault accidents
Comprehensive coverage offers protection for your car from non-collision damage or loss such as fire, theft, vandalism, etc.
Your full coverage insurance will provide 100-percent protection on the road, but no insurance does that. Typically, your full coverage insurance will not cover the cost of renting a car while your vehicle is being repaired or driving your car for delivery service. It will also not cover the theft of personal items from your car.
Suppose you want additional protection, such as accident forgiveness insurance, custom parts, and equipment coverage. Some insurers provide coverage up to a certain limit as part of comprehensive coverage, 24/7 roadside assistance, gap coverage, ridesharing coverage, or new car replacement coverage. In that case, you will likely need to buy these separately as add-ons to your full coverage insurance.
Our study into the cheapest full coverage insurance companies found several companies with low car insurance rates. The five best providers for the cheapest full coverage insurance are listed below.
Here are the top five providers of the cheapest full coverage insurance in the U.S.:
USAA Auto Insurance $1,013
Erie Auto Insurance $1,113
Auto-Owners Insurance $1,129
State Farm Auto Insurance $1,339
Geico Auto Insurance $1,352
If you want to get the cheapest full coverage insurance, it is important to understand the different factors that affect your auto insurance rates.
Visit our blog page to learn more about various types of coverage and auto insurance.