—but when an insurance provider offers you a “full coverage policy” or your lender says you need “full coverage” to finance your vehicle, they’re talking about a policy that includes at least three types of coverage:

Liability insurance

: Required by law in just about every state, liability coverage pays for medical bills and vehicle repairs for other drivers if you’re at fault in an accident.

Collision insurance

: Collision coverage from State Farm pays to fix or replace your vehicle if it’s damaged in a collision with another vehicle or a stationary object.

Comprehensive insurance

: Comprehensive insurance pays to repair or replace your vehicle if it’s stolen or damaged by something other than a collision (e.g., fire, flood, wind, vandalism, hitting an animal, or falling objects).

A full coverage insurance policy from State Farm would include

bodily injury liability coverage

property damage liability coverage

, collision coverage, and comprehensive coverage and would cover your vehicle and your wallet in anything from a fender bender or winter storm to a major rollover event or at-fault accident.

"Collision insurance repairs your car if it's damaged in a collision with another vehicle or object. Car accidents are usually when collision coverage is involved. Comprehensive insurance covers damage from theft, fire, vandalism, natural disaster, whereas liability for injuries."

Learn more:

The different types of car insurance

What isn’t included in a State Farm full-coverage policy?

Despite its name, no so-called full coverage car insurance policy covers everything, and it’s not the only coverage you should consider buying.1

State Farm offers a variety of optional coverages to help close car insurance coverage gaps.

Add-ons for a full-coverage State Farm car insurance policy

Uninsured/underinsured motor vehicle coverage (UM/UIM)

to cover medical bills, lost wages, and sometimes damage to your vehicle if you’re in an accident with someone who doesn’t carry liability insurance (or whose coverage limits are too low to address your costs).

Medical payments coverage (MedPay)

to cover medical expenses and even funeral costs if you, a passenger, or a family member are hurt in a car accident. This is required coverage in some states.

Personal injury protection (PIP)

is required in no-fault states and available to add on in some others to offset medical expenses stemming from an accident.

Emergency road service coverage

pays for towing, fuel delivery, tire changes, lockout services, and even mechanical work at the breakdown site if you run into car trouble on the road.

Car rental and travel expense coverage

helps to offset the cost of alternative transportation (like a rental car), hotel, and meal expenses until your wheels are back on the road.

Rideshare driver coverage

to offer protection if you drive for companies like Uber or Lyft.

Loan/lease payoff or gap insurance

to cover the difference between what you owe on a financed or leased vehicle and its actual cash value if the car is stolen or declared a total loss.

In addition to vehicle insurance, State Farm offers a full suite of insurance products, including homeowners insurance, renters insurance, life insurance, and more.

Learn more:

How much car insurance do you need?

State Farm full-coverage policies cost around $1,230 annually

The calculated average for State Farm full coverage car insurance rates comes in around $1,230 per year—well below the $1,712 national average. What you pay for full coverage will depend on several factors, including:

The liability limits, deductibles, and optional add-ons you select

Your driving record

Your vehicle(s)

Your zip code

Your credit score

(except in California, Massachusetts, Hawaii, and Michigan)

State Farm customers’ rates also depend on which of the provider’s many

car insurance discounts

you qualify for. State Farm offers a variety of unique ways for drivers to save on a full coverage policy, including:

Drive Safe & Save™—uses a mobile app for telematics to reward safe driving behaviors

Steer Clear®—helps improve driving skills and offers discounts for young drivers

Bundling discounts—for carrying more than one type of policy with State Farm

Discounts for young drivers who often see the highest insurance premiums of all

Discounts for safety equipment and anti-theft devices

Does State Farm offer the best full-coverage insurance?

State Farm doesn’t necessarily have the best full coverage—in fact, State Farm auto insurance coverage isn’t significantly different from any other insurance provider’s coverage, as you can see in the table below:

Coverage	State Farm	GEICO	Allstate
Liability coverage	Yes	Yes	Yes
Collision coverage	Yes	Yes	Yes
Comprehensive coverage	Yes	Yes	Yes
Uninsured/underinsured motorist coverage	Yes	Yes	Yes
Personal injury protection (PIP)	Yes	Yes	Yes
Medical payments (MedPay)	Yes	Yes	Yes
Roadside assistance	Yes	Yes	Yes
Rental reimbursement coverage	Yes	Yes	Yes
Mechanical breakdown insurance	-	Yes	-
Loan/lease payoff (gap insurance)	-	-	-
Trip interruption	Yes (as part of rental reimbursement)	-	-
Custom parts and equipment	-	-	Yes
Rideshare coverage	Yes	-	Yes
Pet injury coverage	Pet medical insurance offered	-	Yes

What is different? Auto insurance rates.

For most drivers with a good driving history and good credit, a full coverage car insurance policy from State Farm may be one of the cheapest policies you’ll find. But for young drivers and drivers with a DUI, it could be the most expensive.

Since every insurance provider uses its own methodology to calculate rates, it’s worth comparing car insurance quotes from other providers before settling on a policy.

Step 1: Shop around for car insurance quotes

You can use the Jerry app to build a profile for you and your used vehicle.

Step 2: Choose your coverage levels

Jerry will automatically include quotes with your state’s minimum insurance requirements but you can use the app to change your liability limits, adjust deductible amounts, and even select additional coverage options like roadside assistance.

Step 3: Activate your policy

Once you’ve found the rate you like best, you can activate your policy and select your start date right in the app. Many providers even offer same-day auto insurance coverage.

Compare car insurance quotes now

Learn more:

The best car insurance companies of 2023

Is a State Farm full coverage auto insurance policy worth it?

State Farm offers some of the lowest average rates on full coverage car insurance for most good drivers, especially if you have a clean record and high credit. Because full coverage allows you to submit claims for damage to your own vehicle, it’s worth the added cost on top of liability insurance for most drivers.

Full coverage isn’t required by law in any state but it’s often a requirement from lenders—so if you drive a leased or financed vehicle, there’s a good chance you’ll need to buy full coverage for it. Even if you own your vehicle outright, the cost of full coverage is usually worth it for the protection you get against a total loss, unless your vehicle is worth only a few thousand dollars.

The best way to determine if a State Farm full coverage policy is the best option for you is to compare at least three to five car insurance quotes from different companies. You can call a State Farm agent for a quote or use a mobile broker to compare real-time insurance premiums from multiple companies.

"I went from $120 with State Farm full coverage to $77 with Jerry! And it’s still full coverage! I wish I would have done this years ago! Thanks again Guys!" - Kitty C.

FAQs

What is included in full coverage?

“Full coverage” isn’t an industry term so there’s no standard formula for what it will look like. For most agents and consumers, a “full coverage” policy includes state-mandated liability coverages in addition to physical damage protections for the policyholder’s vehicle.

What is the cheapest full-coverage car insurance?

Despite what you may read elsewhere, no one carrier offers the cheapest full coverage car insurance for everyone. Insurance rates are highly personalized, so a provider may be able to quote low premiums for one customer while the next only qualifies for more expensive coverage.

With that in mind, insurers that tend to quote the lowest full-coverage rates for most applicants include GEICO, Travelers, and State Farm. To find out who can offer the cheapest rates for you, use the Jerry app to compare quotes from multiple providers.

Does State Farm's full coverage cover other drivers?

Like most car insurance policies, a State Farm full-coverage policy will cover any driver who has permission to drive your car and who is not named as an excluded driver on your policy.

Why is full coverage insurance so high?

Full-coverage policies are more expensive than liability-only policies because insurers take on more risk with full-coverage. The provider promises to pay not only for injuries and damages to other parties but also for physical damage to your vehicle—higher risk equals higher rates.

What is the difference between full coverage and liability insurance?

Full coverage insurance provides physical damage protection in the form of comprehensive insurance and collision insurance for the policyholder’s car. Liability insurance pays for bodily injuries and property damages for others if you cause an accident.

How much does full coverage insurance cost?

Full coverage car insurance costs drivers an average of $1,712 per year. That’s more expensive than state minimum coverage but it’s well worth it for most drivers.

What are the different types of full coverage insurance?

Technically, “full coverage insurance” doesn’t exist. What most of us describe as a full-coverage policy is actually a combination of liability and physical damage coverages purchased by a single policyholder—these include bodily injury and property damage liability and collision and comprehensive coverage.

What is the best full coverage insurance company?

Just as no one provider offers the cheapest rates for all drivers, no one insurance company offers the best full coverage for all motorists. To determine which provider is the best for you, use the Jerry app to compare quotes from dozens of top-rated providers.

Can you get full coverage on a rebuilt title with State Farm?

State Farm offers full coverage for rebuilt title vehicles if they meet certain requirements. To see if your vehicle may qualify for a full coverage policy with State Farm, call 1-800-782-8332 (1-800-STATE-FARM) to speak with a representative, or head to your nearest State Farm office to speak with an insurance agent.

Does State Farm's full coverage cover towing?

Emergency road service coverage is an optional add-on with a State Farm full-coverage policy and includes coverage for towing in the event of a roadside emergency.

Is State Farm a good insurance company?

State Farm may be synonymous with cheap car insurance for many drivers, but that doesn’t mean they’re not a good insurance company. In addition to quality coverage, customer satisfaction is another of State Farm’s strengths, according to expert ratings from J.D. Power and the Better Business Bureau (BBB).

As the largest car insurance company in the United States, State Farm also has great financial strength ratings. Together, these ratings mean that State Farm claims have a good chance of being fulfilled promptly.

SOURCES

https://www.insurancebusinessmag.com/us/guides/what-does-full-coverage-car-insurance-cover-459481.aspx