The Average Price of Full Coverage Car Insurance

If you are looking for a way to protect yourself and your car from financial loss due to an accident, full coverage car insurance may be the best option for you. Full coverage car insurance can provide more protection than just liability coverage, and it can often be more affordable than you might think. But what is the average price of full coverage car insurance?

What Is Full Coverage Car Insurance?

Full coverage car insurance provides more protection than just liability coverage, which is the minimum coverage required by most states. Full coverage car insurance usually includes liability coverage, as well as collision and comprehensive coverage. Liability coverage pays for the other person’s medical bills and property damage caused in an accident for which you are at fault. Collision coverage pays for damages to your car if you are in an accident. Comprehensive coverage pays for damages to your car due to theft, vandalism, or other non-accident related damages. Full coverage car insurance also often includes roadside assistance and rental car coverage.

The Average Cost of Full Coverage Car Insurance

The cost of full coverage car insurance varies widely. It is based on a variety of factors, such as the make and model of your car, your driving record, and the amount of coverage you choose. Generally, the more coverage you choose, the more expensive the policy will be. The average cost of full coverage car insurance for a driver with a clean driving record is about $1,400 per year. However, this varies widely depending on the type of car you drive, the amount of coverage you choose, and other factors.

Factors That Affect the Cost of Full Coverage Car Insurance

There are several factors that can affect the cost of full coverage car insurance. These include the type of car you drive, your driving record, the amount of coverage you choose, and your age and gender. For example, drivers with a poor driving record will likely pay more for full coverage car insurance than those with a clean driving record. Additionally, drivers who choose a higher amount of coverage will pay more than those who choose a lower amount of coverage. Finally, younger drivers and male drivers typically pay more for full coverage car insurance than older drivers and female drivers.

Tips for Getting the Best Price on Full Coverage Car Insurance

If you are looking for ways to get the best price on full coverage car insurance, there are a few things you can do. First, shop around and compare rates from multiple insurance providers. Also, consider raising your deductible, as this can help you save money on your premium. Additionally, look for discounts, such as a good driver discount or a safe driver discount. Finally, if you own an older car, you may want to consider dropping your collision and comprehensive coverage, as these may not be necessary for an older car.

Conclusion

Full coverage car insurance is an important way to protect yourself and your car from financial loss due to an accident. The average cost of full coverage car insurance is about $1,400 per year, but this varies widely depending on the type of car you drive, the amount of coverage you choose, and other factors. If you are looking for ways to get the best price on full coverage car insurance, you should shop around and compare rates, consider raising your deductible, look for discounts, and, if you own an older car, consider dropping your collision and comprehensive coverage.