Full coverage auto insurance covers a lot of situations, but it can also cost more than double the price of minimum-required coverage. That’s why it pays to shop around.

State Farm has the cheapest full coverage car insurance among the country’s largest insurers, with an average annual rate of $1,431, or $119 a month, according to NerdWallet’s analysis.

But which company has the cheapest full coverage insurance you can get will depend on multiple factors, like your age, location and driving record. To help narrow down your options, NerdWallet looked at average rates among the country’s largest insurers, using a variety of driver profiles.

Cheap full coverage auto insurance companies

Full coverage isn’t a specific type of policy, but a combination of coverage types that typically includes liability coverage as well as comprehensive and collision insurance. If you have a loan or lease, your lender will probably require you to have full coverage insurance.

Full coverage auto insurance can be pricey. If you’re looking for the cheapest car insurance, period, check out NerdWallet's analysis of cheap car insurance for state-mandated minimum coverage.

But if you’re interested in cheap full coverage auto insurance, here are average annual prices for full coverage insurance from six of the seven largest car insurance companies, nationwide:

1. State Farm: $1,431 per year.

2. Geico: $2,009 per year.

3. Progressive: $2,075 per year.

4. Farmers: $2,807 per year.

5. Allstate: $3,110 per year.

USAA*: $1,120 per year.

*USAA isn’t ranked because it is available only to active military, veterans and their families.

On average, you can save close to $1,700 a year by picking the cheapest company available instead of the most expensive — and that’s only considering six of the biggest auto insurers in the nation.

Going with a smaller, regional insurer can often save you even more. While state availability can be limited, smaller companies can often be cheaper than a large insurer. For example, the average rate for full coverage insurance from American National is $892 per year, while Vermont Mutual has an average rate of $1,207 a year.

Although it’s one of the largest insurers in the country, Liberty Mutual is not included in our analysis because it does not provide rate data.

» MORE: NerdWallet’s auto insurance reviews for 2023

Cheap full coverage car insurance companies by state

Your location can have a big effect on how much you pay for full coverage auto insurance. For example, our average car insurance cost analysis showed that drivers in Florida pay almost three times more for full coverage insurance than those in Maine.

Looking for the most affordable full coverage insurance in your state? Here are the cheapest insurers, on average, in all 50 states and Washington, D.C.