When it comes to finding the cheapest full coverage car insurance, USAA and Nationwide are two companies that stand out. USAA offers the lowest rates at $1,364 per year, but it is only available to veterans, military members, and their families. For all other drivers, Nationwide offers the cheapest full-coverage car insurance at $1,436 per year.
To determine which companies offer the cheapest full coverage car insurance for drivers facing different issues, we analyzed rates for various driver profiles. Many of these companies, such as Nationwide and USAA, also made our best car insurance list.
The cheapest car insurance companies for full coverage car insurance tend to vary by state. Travelers, a nearly nationwide company, has the cheapest rates in 10 states. However, you may find a smaller company is the cheapest in your state. For instance, Pemco—a regional company—is the cheapest company in Washington.
For drivers of different age groups, the cheapest options also vary. Erie has the cheapest full coverage car insurance for drivers ages 16 to 20, while Nationwide is the cheapest for drivers ages 21 to 55. It’s important to shop around and compare quotes to find the best rates for your specific age group.
For young drivers on a parent’s policy, Nationwide offers the cheapest rates for adding a 16-year-old driver, averaging $2,990 per year. Young drivers are more prone to accidents, so it’s crucial to have full coverage to protect against any unforeseen incidents.
Seniors ages 65 to 80 can find the cheapest car insurance rates with Nationwide, averaging $1,402 per year. To find the best car insurance for seniors, it’s recommended to seek quotes from at least three companies to compare rates and coverage options.
After an accident, USAA has the cheapest rates for drivers who’ve caused an accident with injuries to someone else, at an average cost of $1,991 per year. If you’re not eligible for USAA auto insurance, comparing quotes from Erie and Travelers can help you find affordable coverage.
For drivers with multiple accidents on their records, State Farm has the best rates for those with two at-fault accidents, averaging $2,661 per year. Rates typically go up after accidents, so it’s important to compare quotes to find the most affordable option.
After a speeding ticket, USAA is the cheapest company for full coverage car insurance, but it’s only available to military members, veterans, and their families. Non-military members with a speeding ticket should check quotes from Nationwide and Erie to find the best rates.
In conclusion, finding the cheapest full coverage car insurance can vary depending on your specific circumstances, such as age, driving record, and credit score. By comparing quotes from multiple insurers and considering factors like state regulations and eligibility requirements, you can find the best coverage at an affordable price.