Cheap Full Coverage Auto Insurance- When shopping for the best car insurance, it makes more sense to shop for the best cheap full coverage auto insurance. This is to get the best affordable auto insurance for your budget. Full auto insurance coverage covers the payment of different events such as liability coverage, injuries, damages, and others. It also offers collision comprehensive insurance coverage to policyholders making unexpected car-related bills to be met.
Unlike single auto insurance policies, full coverage auto insurance covers both you and the other driver. This means you don’t have to pay out of pocket for the damages to your car or that of the other driver if you are responsible for the accident. Unfortunately, full coverage auto insurance is not a single type of insurance policy, instead, it is a combination of different coverage types.
This coverage includes liability, collision, and comprehensive insurance. Also, some lenders may require you to have this type of insurance if you have a loan or lease. However, this write-up contains insights on cheap full coverage auto insurance you should be aware of.
Cheap Full Coverage Auto Insurance For 2024
While searching for the best cheap full coverage auto insurance, it is advisable to compare different insurance rates and premium prices. This is to help you find cheap full coverage auto insurance that fits into your budget. The following are cheap full coverage auto insurance you should consider getting.
Nationwide
This auto insurance company has the cheapest full coverage auto insurance rates and premium prices. These prices and affordability are set depending on the driving record and age of the policyholder. Nationwide has a low level of complaints from its customers concerning its services making it a good option to consider.
USAA
If you are a veteran, military member, or from a military family, USAA is the best option to consider. USAA has the cheapest full coverage auto insurance along with flexible insurance rates. Unfortunately, this insurance is only open to military members and families.
Erie
This insurer offers the most affordable for different drivers including drivers with accidents on their record. Irrespective of your driving history and faults, this insurance company offers cheap full coverage auto insurance. Erie is well known for its collision repair claims processes.
Travelers
Travelers offer decent insurance rates for full coverage auto insurance for all types of drivers irrespective of their driving record. This means this insurer offers affordable insurance rates to drivers with a speeding ticket as well as accidents on their record. Among other Auto insurance companies, Travelers has a low level of complaints from its customers concerning its rates and prices.
Geico
This insurer offers competitive insurance rates to many types of drivers including drivers with bad credit scores. It also offers good rates for senior drivers along with young drivers who are generally very costly to insure.
FAQs
What Auto Insurance company has the cheapest full coverage auto insurance?
USAA has been identified to be the cheapest full coverage auto insurance. This is because USAA full coverage insurance costs $1,364 per year which is the cheapest among other insurers. Nationwide, Travelers, Geico, and Erie also offer cheaper full coverage auto insurance. Its full coverage insurance costs $1,436, $1,597, and $1,642 respectively. However, to get USAA insurance, you must be a military member, veteran, or from a military family.
Is Full Coverage Car Insurance a Must?
Most states do not make it mandatory for drivers to have this coverage, but if your car is leased or financed, then it is a must you get this coverage. This is because most lenders require borrowers to do so. However, it is a good idea to get this coverage without it being mandatory. It will cover both you and the other driver as well as coverage for cases like fire, theft, vandalism, falling objects, etc.
Are comprehensive and full coverage insurance the same?
Full coverage and comprehensive insurance coverage are not the same, this is because they offer different coverage. Full coverage is a type of car insurance that offers liability coverage along with collision and comprehensive coverage.
It also covers both the driver and the third-party driver. While comprehensive coverage covers the cost of repairs and replacement of the policyholder’s vehicle. It also covers other events like theft, vandalism, falling objects, fire, and flood. Generally, comprehensive coverage is paired up with collision coverage which covers the car damages due to collision with other objects.