Are you looking for full coverage car insurance for your vehicle that is not only affordable but also meets your needs? If you are a good driver, you have several options for getting affordable insurance.
In this blog, we’ll explain what full coverage insurance is, what it doesn’t cover, and how to find the cheapest rates for good drivers. Plus, we’ll also discuss major insurance companies and savings tips that can lower your premiums. Keep reading and find out how you can take advantage of being a good driver.
What Is Full Coverage Car Insurance?
Full coverage car insurance is a comprehensive insurance policy that protects your car against accidents, theft, natural disasters and other risks.
It primarily includes three types of coverage: liability coverage, which covers the property and medical expenses of others: Collision coverage, which covers damage caused to your car in an accident: and Comprehensive coverage, which covers non-accidental losses such as theft, fire, or flood.
However, it does not cover certain aspects like normal wear and tear or driver’s negligence. This insurance is essential for security and financial stability.
Understanding Full Coverage Insurance
Full coverage insurance does not mean that it covers every possible situation. It includes the following coverage:
- Liability Coverage: If you are responsible for an accident, it covers damage caused to the property of others and their medical expenses.
- Collision Coverage: Covers damage caused to your own car, even if the accident was your fault.
- Comprehensive Coverage: Covers risks such as theft, fire, flood, or other non-accident related losses.
This policy can be an affordable insurance option for good drivers, as they are less likely to be involved in accidents and pose less risk to insurance companies.
What full coverage car insurance doesn’t cover
Even though it’s called full coverage, it doesn’t cover some important things, like:
- Normal wear and tear: Does not cover the cost of routine repairs or replacements to parts of your car such as tires, brakes, and battery.
- Driver negligence: If the accident is caused by drunk driving or other irresponsible behavior, the insurance company may reject the claim.
- Personal belongings: If a laptop or other valuables are stolen from your car, this will not be covered under coverage.
- Business use: If you use your car for business, you may need a separate insurance policy.
Average Car Insurance Costs for Good Drivers
Full coverage car insurance is usually cheaper for good drivers because they have a clean driving record. The average annual premium depends on their records and the insurance company.
Drivers with a clean driving record pay a premium of about $1,300 to $1,600. Whereas for minor accidents or traffic violations, it can increase from $1,700 to $2,200.
When it comes to insurance companies, options like State Farm, Geico, and Progressive offer affordable rates at an average cost of $1,350 to $1,450. Compare different quotes to get the cheapest rates.
Average Annual Full Coverage Premium Based on Driving Record
Drivers with good driving records generally pay lower premiums. Below is the average annual cost as per driving record:
| Driving Record | Total | Male | Female |
|---|---|---|---|
| Clean driving record | $2,638 | $2,641 | $2,636 |
| Speeding ticket | $2,984 | $2,975 | $2,965 |
| Caused an accident | $3,508 | $3,520 | $3,495 |
| DUI | $4,713 | $4,728 | $4,698 |
Keeping a clean record allows insurance companies to offer you affordable insurance rates for a good driver.
Average Annual Full Coverage Premiums by Company
Every insurance company has different rates. Here are the average premium costs of some of the top insurance companies:
| Company | Bankrate Score | Clean Driving Record | Speeding Ticket | Accident | DUI |
|---|---|---|---|---|---|
| Amica | 4.6 | $2,917 | $3,584 | $3,473 | $8,366 |
| Progressive | 4.4 | $2,418 | $3,120 | $3,674 | $3,312 |
| Geico | 4.4 | $2,107 | $2,648 | $3,014 | $4,751 |
| State Farm | 4.3 | $3,060 | $3,472 | $3,810 | $5,264 |
| USAA | 4.2 | $1,992 | $2,377 | $2,865 | $3,733 |
| Nationwide | 4.0 | $1,934 | $2,858 | $2,756 | $4,537 |
| Erie | 4.0 | $2,127 | $2,386 | $2,490 | $3,981 |
| The Hartford | 3.9 | $2,694 | $4,095 | $5,531 | $9,127 |
| Allstate | 3.9 | $3,081 | $3,597 | $4,237 | $5,269 |
These rates may depend on the region, car model, and details of the policy. Compare companies to find the cheapest car insurance and choose the option as per your needs.
Cheapest Car Insurance for Good Drivers
Good drivers may find it easier to get the cheapest car insurance, as their clean driving record strikes insurance companies as a low-risk customer.
Companies like USAA ($1,992), Nationwide ($1,934), and Geico ($2,107) offer affordable rates for good drivers. To choose the cheapest policy, compare quotes from different insurance companies.
Online tools and local agents can help you find options that best suit your needs. By taking advantage of discounts like Safe Driver Discounts and Low-Mileage Discounts, you can lower your insurance costs even further.
Top companies offering affordable insurance for good drivers
To find the best option, consider the following companies:
| Company | Avg. Monthly Premium |
|---|---|
| USAA | $106 |
| State Farm | $117 |
| GEICO | $142 |
| Progressive | $147 |
| Nationwide | $149 |
| Farmers | $177 |
| Allstate | $211 |
| Liberty Mutual | $215 |
How to compare quotes to find the best rates
It is important to compare quotes to get the cheapest car insurance. Here are some easy ways to do it:
- Use the online quote tool:
- Get free quotes by visiting insurance companies’ websites.
- Compare coverage and costs to suit your needs.
- Contact local agent:
- Agents can provide customized quotes as per your policy.
- Helps in understanding insurance terms.
- Keep the same coverage limit:
- Ensure the same coverage limit and deductible amount across all quotes.
- This helps in accurate comparison.
- Search for discounts:
- Look for options like Safe Driver Discount, Multiple Policy Discount, and Low-Mileage Discount.
- Read customer reviews:
- Check reviews of insurance companies to better understand the quality of their services.
How Good Drivers Can Save on Car Insurance
It’s easy to save on full coverage car insurance for good drivers. Maintaining a clean driving record leads to lower premiums for insurance companies. Take advantage of options like low-mileage discounts and multi-policy discounts.
Get discounts on safe driving by participating in a Usage-Based Insurance program, such as State Farm Drive Safe & Save or Progressive Snapshot. Completing a Defensive Driving Course may also provide additional discounts.
Additionally, avail cashback and rewards through Pay-Per-Mile and Safe Driving Apps. Comparing quotes online is the most effective way to get cheaper rates.
Tips for lowering premiums as a good driver
- Maintain a clean driving record:
- Avoid accidents or traffic violations.
- Drivers with clean records receive lower premiums.
- Increase Deductible:
- Choosing a higher deductible may result in lower monthly premiums.
- Avail Multi-Policy Discount:
- Buy home and auto insurance from the same company.
- Take advantage of low-mileage discounts:
- If you drive less, the insurance company may offer this discount.
- Compare Quotes Online:
Look at quotes from different companies and choose the cheaper option.
Discounts and rewards for safe driving
- Safe Driver Discount:
- If you have a clean record, you may get a special discount.
- Usage-Based Insurance (UBI) Program:
- Like State Farm Drive Safe & Save or Progressive Snapshot.
- Your driving behavior is monitored, and discounts are given for safe driving.
- Good Student Discount:
- Young drivers who get good grades can take advantage of this discount.
- Defensive Driving Course Discount:
- Insurance companies offer discounts upon completing an accredited driving course.
Can you get paid for driving safely?
Yes, many insurance companies offer cashback or credits to reward safe driving:
- Pay-Per-Mile Programs:
- Like Metromile, where there are savings by driving less and driving safer.
- Safe Driving Apps:
- Insurance companies track your driving through apps. If you perform well, you get reward points or cashback.
- Usage-Based Insurance Cashback:
- Insurance companies also offer discounts and additional savings based on driving patterns.
Conclusion
Full Coverage Car Insurance is an ideal choice for good drivers, as it offers comprehensive protection as well as affordable premiums and special discounts.
Maintaining a clean driving record, choosing the right insurance company, and taking advantage of discount programs can help you lower your insurance costs. Compare different quotes and choose the cheapest and most suitable insurance as per your needs.