Finding affordable full coverage auto insurance can feel like searching for a needle in a haystack. With rising costs, many drivers wonder if it’s possible to secure reliable coverage for less than $100 per month. The good news? Yes, it is possible—but it depends on several factors, including your driving record, location, vehicle type, and the insurance provider you choose.
In this guide, we’ll break down what full coverage insurance includes, tips to lower your premiums, and how to find the best deals without sacrificing protection.
What Is Full Coverage Auto Insurance?
Full coverage auto insurance isn’t a single policy but rather a combination of coverages that provide extensive protection. Typically, it includes:
- Liability Insurance – Covers damages and injuries you cause to others.
- Collision Insurance – Pays for repairs to your car after an accident.
- Comprehensive Insurance – Protects against non-collision incidents (theft, vandalism, natural disasters).
- Uninsured/Underinsured Motorist Coverage – Helps if you’re hit by a driver with insufficient insurance.
- Medical Payments (MedPay) or Personal Injury Protection (PIP) – Covers medical expenses for you and passengers.
Since full coverage isn’t the cheapest option, getting it under $100/month requires smart strategies.
How to Get Full Coverage Auto Insurance for Less Than $100/month
1. Shop Around and Compare Quotes
Insurance rates vary widely between providers. Some companies specialize in low-cost policies, while others offer discounts that can significantly reduce your premium. Use comparison tools or work with an independent agent to find the best deal.
2. Maintain a Clean Driving Record
A history of accidents or traffic violations can spike your rates. Safe drivers often qualify for good driver discounts, making full coverage more affordable.
3. Choose a Higher Deductible
A higher deductible (e.g., $1,000 instead of $500) lowers your monthly premium. Just ensure you can afford the out-of-pocket cost if you file a claim.
4. Drive a Safe, Low-Insurance Vehicle
Luxury cars, sports cars, and models with high theft rates cost more to insure. Opt for a safe, reliable, and moderately priced vehicle to keep premiums low.
5. Bundle Insurance Policies
Many insurers offer multi-policy discounts if you bundle auto insurance with renters, homeowners, or life insurance.
6. Ask About Discounts
Common discounts include:
- Good student discount (for young drivers with strong grades)
- Military or veteran discount
- Pay-in-full discount (paying annually instead of monthly)
- Low-mileage discount (if you drive fewer miles than average)
7. Improve Your Credit Score
In most states, insurers use credit-based insurance scores to determine rates. A higher credit score can lead to lower premiums.
8. Consider Usage-Based Insurance
Some companies offer telematics programs (like Progressive’s Snapshot or State Farm’s Drive Safe & Save), where your premium is based on actual driving habits. Safe driving can lead to big savings.
9. Look for State-Specific Programs
Some states have low-cost auto insurance programs for eligible drivers. Check if you qualify for government-assisted or subsidized plans.
10. Avoid Unnecessary Coverage
If your car is older and paid off, you might not need collision or comprehensive coverage. Evaluate whether full coverage is worth the cost based on your car’s value.
Best Cheap Full Coverage Auto Insurance Companies
While rates vary by driver, these companies are known for offering competitive full coverage policies:
- Geico – Often the cheapest for good drivers.
- State Farm – Great for bundling discounts.
- Progressive – Best for high-risk drivers.
- USAA – Lowest rates for military members (if eligible).
- Erie Insurance – Affordable rates in select states.
Always get personalized quotes to see which insurer offers the best deal for your situation.
Is Full Coverage Under $100/month Worth It?
If you can secure full coverage for less than $100/month, it’s usually a smart financial move—especially if:
✔ You have a new or financed car (lenders often require full coverage).
✔ You can’t afford major repairs out of pocket.
✔ You live in an area with high accident or theft rates.
However, if your car is old and low-value, you might save more by switching to liability-only insurance.
Final Thoughts
Getting full coverage auto insurance under $100/month is achievable with the right approach. By comparing quotes, maintaining a clean record, and taking advantage of discounts, you can secure strong protection without breaking the bank.
Need help finding the best deal? Check out Joknewz for the latest money-saving tips and insurance guides!