Full Coverage Auto Insurance and its Cost: All You Need To Know

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There is no industry-standard full coverage car insurance definition. But full coverage auto insurance policies usually include your state’s minimum required levels of coverage, plus comprehensive and collision insurance, and rates vary widely by state. The national average full coverage auto insurance cost is $100.30 per month or $1,203 annually.

We have all heard the term full coverage car insurance, but there is technically no standardized definition of what full coverage means in the insurance world.

However, these policies typically include your state’s minimum required auto insurance limits, plus additional comprehensive and collision insurance.

Below, discover what full coverage auto insurance covers, how much it costs based on where you live, if you need it, and what companies offer the cheapest full coverage policies.

What is full coverage car insurance?

You might come across the term “full coverage” when shopping for auto insurance. But what does full coverage mean?

There is no standardized definition for full coverage auto policies in the insurance industry.

Some companies use the phrase to refer to all available coverages offered in a given state.

But the most common interpretation is that it refers to carrying a combination of insurance coverages on top of your state auto insurance requirements, notably liability, collision, and comprehensive insurance.

Collision or comprehensive insurance are optional coverages, as state laws do not require drivers to carry either.

However, if you loan or lease a vehicle, you may need to purchase both coverages as part of your loan or lease agreement.

Besides liability, collision, and comprehensive insurance, full coverage policies from some companies might also include under-insured/uninsured motorist (UM/UIM) protection and personal injury protection (PIP) insurance.

In some states, UM/UIM and PIP insurance are legally required. In other states, they are optional or may be unavailable.

It is okay that companies do not necessarily agree on an exact definition for full coverage insurance. It is more important to secure suitable types of coverage for your individual needs.

How much does full coverage auto insurance cost?

You now know what makes up a full coverage auto policy, but how much is full coverage insurance on average?

Nationally, based on the most recent Auto Insurance Database Report from the National Association of Insurance Commissioners (NAIC), full coverage auto insurance costs $100.30 per month or $1,203 annually, on average.

The average full coverage auto insurance costs also vary widely by state and company.

Compare the average monthly and annual full coverage auto insurance rates by state in the table below.

Average Full Coverage Auto Insurance Rates by StateSearch:

Because you are paying for additional protection, full coverage policies always cost more than basic or liability-only policies.

Other factors like your age, driving record, ZIP code, and the type of car you drive impact your auto insurance rates.

You are also responsible for paying the auto insurance deductibles associated with the different coverages that make up a full coverage policy. This can include collision, comprehensive, uninsured/underinsured property damage, and sometimes PIP insurance including deductibles.

The price ranges anywhere from $100 to $2,000, and you can typically select different levels for the various coverage types.

Full Coverage Auto Insurance and its Cost: All You Need To Know


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