Why Trust MoneyGeek? MoneyGeek used multiple driver profiles and gathered data from state departments of insurance and Quadrant Information Services to help you find the cheapest full coverage auto insurance for your needs. Show Which Companies Have the Cheapest Full Coverage Car Insurance?Full coverage car insurance costs an average of $1,270 per year. We analyzed the largest auto insurance companies across all 50 states to find the nine companies with the cheapest full coverage car insurance rates. The three cheapest companies are:
Discover more details about the top three cheapest full coverage car insurance providers below. The Cheapest Widely-Available Insurer: GEICOCompare Auto Insurance RatesEnsure you are getting the best rate for your car insurance. Compare quotes from the top insurance companies. How Much is Full Coverage Car Insurance in Your State?Car insurance is regulated by the states, so the cheapest companies for full coverage at a national level might not necessarily be the cheapest company in your state. MoneyGeek found that GEICO, the cheapest company for full coverage nationally, is also most likely to be the cheapest on average in your state. It had the lowest rates in 24 of the 50 states plus Washington D.C. State Farm is the cheapest for full coverage in nine states, while both Nationwide and Erie — the cheapest option in three states each — round out the top four. However, If your military background makes you eligible, USAA could be your cheapest choice. It was the most affordable for our sample driver in 38 states. Browse to your state below to learn more about the cheapest full coverage policies where you live. Cheapest Full Coverage Car Insurance Rates by State (Excluding USAA)Cheapest Full Coverage Car Insurance for Young DriversMoneyGeek found that nationally, the most common cheapest full coverage car insurance company for young adult drivers is Geico, though the cheapest option for high school-aged teens is State Farm. These rates were discovered using a profile with the sample driver on their own policy (not bundled with a parent's policy), using $1,000 deductible and 100/300/25 coverage limits. To discover the cheapest and best car insurance for young drivers, you will need to consider not only your age, but the state you live in, your deductible and coverage limits, and what discount programs you may be eligible for. Paul A. Stock Economics Professor at the University of Mary Hardin-Baylor READ ANSWERSRakesh Niraj Associate Professor of Marketing at Case Western Reserve University READ ANSWERSJohn Longo Professor of Finance at Rutgers Business School; Author of Buffett's Tips: A Guide to Financial Literacy and Life READ ANSWERSDaniel Roccato Clinical Professor of Finance at the University of San Diego School of Business READ ANSWERSJeffrey Brown Professor of Finance at Johnson University READ ANSWERSMike Schmisek Owner of Premier Mountain Insurance READ ANSWERSBrian J. Cook Founder | Managing Partner of The Insurance Loft READ ANSWERSSalil K. Sarkar, PhD, CFA Professor of Finance, Coordinator, Doctoral Finance Program at The University of Texas at Arlington READ ANSWERSDr. Thomas Smythe Professor of Finance at Florida Gulf Coast University READ ANSWERSCourtney Carr Account Executive at Royalty Insurance READ ANSWERSEnrique Ruiz Owner of E&L Insurance Services READ ANSWERSJon Hooks Department Chair and Professor of Economics and Management at Albion College READ ANSWERSDr. Nathan Hardy Assistant Professor of Marketing at Neumann University READ ANSWERSKenneth Roskelley Professor of Finance at Mississippi State University, College of Business READ ANSWERSRobert Warren Instructor at The University of North Dakota READ ANSWERSDuane Donaldson Finance Instructor at Columbus State Community College, MBA, CPA READ ANSWERSNicole Lamanes-Webster Licensed Agent at Insurance Brokers of Arizona READ ANSWERSDr. Geo Kelly Assistant Professor of Marketing at Southwestern Oklahoma State University Dr. Matt Lutey Assistant Professor of Finance at Indiana University Northwest READ ANSWERSDr. Mohan Menon Professor of Marketing at the University of North Georgia READ ANSWERSKhai Zhi Sim Assistant Professor, Economics and Finance at Eastern Connecticut State University READ ANSWERSDr. Ali Enami Assistant Professor, Economics at The University of Akron READ ANSWERSSterling Raskie Lecturer of Finance, Gies College of Business at the University of Illinois READ ANSWERSDr. S. Eric Anderson Professor of Management and Economics at La Sierra University READ ANSWERSDr. Randal Ice Barnabas Professor of Finance at the University of Central Oklahoma READ ANSWERSDr. Dylan Minor Chief Strategist and CIO at Omega, Professor at Anderson School of Management, UCLA READ ANSWERSAlice Tsang Professor in the Practice of Economics and Business at Gordon College READ ANSWERSDr. Kamala Raghavan Department Chair, Jesse H. Jones School of Business at Texas Southern University READ ANSWERSPatrick Payne Professor of Finance at Western Carolina University Dr. Xiaomin Guo, CFP® Finance Instructor, Kate Tiedemann School of Business & Finance, University of South Florida READ ANSWERSChristian Teeter, Ed.D. Associate Professor, Business Administration at Mount Saint Mary's University, Los Angeles READ ANSWERSStephen Calkins Professor of Law at Wayne State University READ ANSWERSDr. Craig R. Erwin Associate Professor Management at Eastern Connecticut State University READ ANSWERSSusan Hume, PhD Associate Professor Finance at The College of New Jersey READ ANSWERSArt Rossetti Insurance Agent at Gateway Insurance Group READ ANSWERSDick Verrone Executive in Residence of Finance, Cameron School of Business, University of North Carolina Wilmington READ ANSWERSWilliam Martin Associate Professor of Marketing at Eastern Washington University READ ANSWERSVictor Ricciardi Visiting Assistant Professor of Finance at Washington and Lee University READ ANSWERSDr. Ying Zhen Associate Professor of Business and Economics at Wesleyan College READ ANSWERSNicole McConlogue Assistant Professor and Clinic Director, WVU College of Law Dr. Robert Ramirez Faculty Chair and Business Professor at DeVry University READ ANSWERSDr. Andy Terry Professor of Finance at The University of Arkansas at Little Rock READ ANSWERSGeorg Grassmueck Department Chair and Associate Professor of Business Administration at Lycoming College READ ANSWERSDr. Zachary Klingensmith Visiting Professor of Economics at Washington & Jefferson College READ ANSWERSDr. Nan Zhu Associate Professor of Risk Management at the Smeal College of Business, Pennsylvania State University READ ANSWERSNgozi Nnaji, MS Adjunct Professor at Goodwin University, Principal of Ako Brokerage Services, LLC READ ANSWERSMathew S. Isaac, Ph.D. Professor of Marketing, Albers School of Business and Economics at Seattle University READ ANSWERSStacy Mastrolia Associate Professor of Accounting at Bucknell University READ ANSWERSPavel Yakovlev, Ph.D. Associate Professor of Economics, Palumbo Donahue School of Business at Duquesne University READ ANSWERSRamon DeGennaro HCB Professor of Banking and Finance at The University of Tennessee, Knoxville READ ANSWERSChris Tamm Associate Professor of Finance at the Earl G. Graves School of Business and Management at Morgan State University How much is car insurance per month in South Africa?The average cost of car insurance in 2022
What we discovered is that the average monthly insurance cost comes to R1,322.13 which is handy to know…
What is included in full coverage?Full coverage car insurance is a term that describes having all of the main parts of car insurance including Bodily Injury, Property Damage, Uninsured Motorist, PIP, Collision and Comprehensive. You're typically legally required to carry about half of those coverages.
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