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How Much Is Full Coverage Car Insurance in 2024

Full coverage car insurance is a comprehensive policy that includes liability, collision, and comprehensive coverage. Here’s what you need to know about the cost of full coverage car insurance in the United States.
how much is full coverage insurance
How Much Is Full Coverage Car Insurance in 2024
The cost of full coverage car insurance can vary significantly based on various factors. In this blog, we 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.
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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

StateEstimated 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.

how much is full coverage insurance1

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. 

Also know about: how much is car insurance for a 16 year old

Here are some full coverage car insurance discounts:

Discount TypeAverage Savings
Safe Driver$100
Bundling Policies$200
Defensive Driving Course$50
Anti-theft Device Installed$75
Membership Discounts$50
Table 2.0: Full Coverage Car Insurance Discounts

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.

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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.

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Picture of Aniket Kulkarni

Aniket Kulkarni

A seasoned Product Manager specializing in car insurance content, Aniket has a passion for simplifying complex insurance concepts. His strategic approach to content development reflects years of experience in the product development industry, coupled with a commitment to providing accurate, reliable information.

Editor

This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

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