As a car owner, you must have considered taking the best auto insurance to protect your car. However, amid these considerations, did you wonder how much does full coverage car insurance cost? In the United States, full-coverage insurance costs $1,730 per year or $144 per month, while minimum-liability coverage averages $635 annually or $53 per month.
However, depending on your personal information, premiums vary. Therefore, it becomes crucial to compare car insurance quotes to get the best deal for your budget in case of an unprecedented accident.
However, the cost of such coverage can vary significantly based on various factors. In this blog, we will delve into the critical aspects of full coverage car insurance costs in America, including state-based variations, coverage details, and strategies to obtain affordable premiums.
How Much Does Full Coverage Car Insurance Cost?
Total coverage car insurance costs can vary significantly based on several factors. The average car insurance coverage costs between $622 and $2014 per year in the country. However, it’s important to note that this is just an average estimate, and the actual price can be higher or lower depending on various elements.
Factors that influence the cost of auto insurance include your location, driving history, age, gender, credit score, the type of vehicle you go to, and the insurance company you choose. Additionally, the coverage limits and deductibles you select also impact the price.
Insurance providers analyze these factors to determine the risk level associated with auto insurance. Those with a clean driving record, good credit score, and low-risk profile often qualify for lower premiums. However, obtaining quotes from multiple insurance companies to compare rates and find the best coverage at a competitive price for your specific circumstances is advisable.
Cost of Full Coverage Car Insurance by State
| State | Estimated Average Cost of Full Coverage Car Insurance (2024) |
|---|---|
| Alabama | $1,500 – $2,000 |
| Alaska | $1,400 – $1,900 |
| Arizona | $1,400 – $1,800 |
| Arkansas | $1,600 – $2,100 |
| California | $1,800 – $2,500 |
| Colorado | $1,700 – $2,300 |
| Connecticut | $1,700 – $2,200 |
| Delaware | $1,700 – $2,300 |
| Florida | $2,200 – $3,000 |
| Georgia | $1,600 – $2,200 |
| Hawaii | $1,200 – $1,600 |
| Idaho | $1,100 – $1,500 |
| Illinois | $1,400 – $1,900 |
| Indiana | $1,300 – $1,800 |
| Iowa | $1,200 – $1,600 |
| Kansas | $1,500 – $2,000 |
| Kentucky | $1,800 – $2,300 |
| Louisiana | $2,200 – $2,800 |
| Maine | $1,000 – $1,400 |
| Maryland | $1,700 – $2,200 |
| Massachusetts | $1,300 – $1,800 |
| Michigan | $2,000 – $2,600 |
| Minnesota | $1,500 – $2,000 |
| Mississippi | $1,600 – $2,100 |
| Missouri | $1,600 – $2,100 |
| Montana | $1,600 – $2,100 |
| Nebraska | $1,400 – $1,900 |
| Nevada | $1,800 – $2,400 |
| New Hampshire | $1,200 – $1,600 |
| New Jersey | $1,800 – $2,400 |
| New Mexico | $1,400 – $1,900 |
| New York | $1,900 – $2,500 |
| North Carolina | $1,300 – $1,700 |
| North Dakota | $1,300 – $1,700 |
| Ohio | $1,200 – $1,600 |
| Oklahoma | $1,600 – $2,100 |
| Oregon | $1,400 – $1,900 |
| Pennsylvania | $1,500 – $2,000 |
| Rhode Island | $1,800 – $2,300 |
| South Carolina | $1,500 – $2,000 |
| South Dakota | $1,300 – $1,800 |
| Tennessee | $1,400 – $1,900 |
| Texas | $1,600 – $2,200 |
| Utah | $1,300 – $1,800 |
| Vermont | $1,200 – $1,600 |
| Virginia | $1,400 – $1,900 |
| Washington | $1,400 – $1,900 |
| West Virginia | $1,500 – $2,000 |
| Wisconsin | $1,200 – $1,600 |
| Wyoming | $1,400 – $1,900 |
On the other hand, states like Maine, Vermont, and Ohio generally have lower insurance rates. These states have lower accident rates and fewer regulatory requirements, which can contribute to more affordable premiums.
What Does Full Coverage Car Insurance Cover?
Understanding what full coverage car insurance includes is crucial when evaluating its cost. Typically, full coverage includes three main components:
- Liability Coverage: This covers damages and injuries you cause to others in an accident. It comprises bodily injury liability (covering medical expenses) and property damage liability (covering repair or replacement costs).
- Collision Coverage: This covers damage to your vehicle resulting from collisions with other cars or objects, regardless of fault. Collision coverage helps pay for repairs or compensates if the vehicle is totaled.
- Comprehensive Coverage: This covers non-collision-related damages to your vehicle, such as theft, vandalism, natural disasters, or falling objects. It ensures protection in various situations not covered by collision coverage.
Additional coverage options, such as uninsured/underinsured motorist coverage and medical payments coverage, may also be available.
The Average Cost of Full Coverage Car Insurance in the US
In the United States, the average cost of full coverage car insurance is $178 per month or $2,136 per year. This is based on data from the Insurance Information Institute (III).
How to Get Cheap Full-Coverage Car Insurance?
While full auto insurance coverage tends to be more expensive, there are strategies to obtain affordable premiums. Here are some tips to consider:
- Shop Around: Obtain quotes from multiple insurance providers to compare rates and coverage options. Different companies may offer varying premiums based on their evaluation of risk factors.
- Increase Deductibles: Opting for higher deductibles can lower your premium. However, ensure you can comfortably afford the deductible in case of a claim.
- Maintain a Good Credit Score: A strong credit score demonstrates financial responsibility and can lead to lower insurance rates. Pay bills on time, manage credit wisely, and regularly monitor your credit report.
- Bundle Policies: Combining your car insurance with other policies, such as homeowner’s or renter’s insurance, often results in discounted premiums.
- Take Advantage of Discounts: Insurance companies offer various discounts. For example, safe driving records, completing defensive driving courses, installing anti-theft devices, or being a member of specific organizations can qualify you for reduced rates.
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Here are some full coverage car insurance discounts:
| Discount Type | Average Savings |
| Safe Driver | $100 |
| Bundling Policies | $200 |
| Defensive Driving Course | $50 |
| Anti-theft Device Installed | $75 |
| Membership Discounts | $50 |
Consider the Vehicle’s Cost to Insure: Research car insurance costs before purchasing. Certain vehicles, such as sports cars or luxury models, typically have higher premiums due to increased repair costs and theft rates.
Conclusion
Full coverage car insurance provides comprehensive protection for your vehicle, but the cost varies based on multiple factors. If you still wonder how much does full coverage car insurance cost, understanding its components is essential for evaluating the premiums.
Additionally, the state where you reside, your driving history, age, credit score, and vehicle type influence the premiums. To obtain affordable full, coverage car insurance, it is advisable to shop around, maintain a good credit score, consider higher deductibles, bundle policies, and take advantage of available discounts.
By comparing the prices from different insurance providers with Beem, you can find a policy that offers the coverage you need at a reasonable cost.
Frequently Asked Questions
1. What Factors Affect the Cost of Full Coverage Car Insurance?
Factors such as location, driving history, age, vehicle type, credit score, and chosen coverage limits impact the cost of full coverage car insurance.
2. How Can I lower the Cost of Full Coverage Car Insurance?
You can lower costs by shopping around for quotes, increasing deductibles, maintaining a good credit score, bundling policies, and taking advantage of available discounts.
3. Does a History of Accidents Increase Insurance Premiums?
Yes, a history of accidents can result in higher premiums. However, completing defensive driving courses and comparing quotes from different insurers can mitigate the impact and potentially find more favorable rates.
