What Does State Farm Full Coverage Auto Insurance Cover?
State Farm’s full coverage auto insurance is a great (and affordable) option for most drivers—but is it right for you?
Written by R.E. Fulton
Reviewed by Kathleen Flear
State Farm full coverage auto insurance includes basic liability protection, collision coverage, and comprehensive insurance. If you want your car insurance to cover your own vehicle, you need full coverage—and State Farm has some of the most affordable policies for many drivers.
When buying car insurance, one of the biggest questions is “full coverage or basic liability only?” While sticking to your state’s minimum requirements is the
cheapest car insurance
option, it can leave you seriously underinsured, especially in the event of a serious accident. That’s why, like most insurance companies, State Farm offers full coverage
auto insurance
policies that include collision and comprehensive coverage. Let’s see what’s covered under a State Farm full coverage policy—and whether it’s worth it for you. What does State Farm full coverage insurance cover?
Let’s get one thing straight: “full coverage” isn’t one specific type of insurance. In fact, there’s no official definition of
full coverage
. But when an insurance provider offers you a “full coverage policy,” or if 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. RECOMMENDED
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Does full coverage really cover everything?
No—despite its name, so-called full coverage car insurance doesn’t actually cover everything, and it’s not the only coverage you should consider buying.
Car insurance companies and lenders talk about “full coverage” to distinguish from basic liability—and the key difference is that, unlike liability-only insurance, full coverage allows you to submit claims for your own vehicle. That’s why your lender will typically require it for a leased or financed vehicle: they want to protect their investment!
But there are a lot of other coverage options that State Farm customers can choose from and combine with full coverage for an even more robust policy. Check out the table below for more details.
Other types of State Farm auto insurance coverage
Type of coverage | Description |
|---|---|
Uninsured motorist coverage from State Farm covers 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 (MedPay) coverage from State Farm will help to cover medical and even funeral costs if you, a passenger, or a family member are hurt in a car accident. | |
Like MedPay, PIP coverage helps to offset medical expenses stemming from an accident, and it’s required for State Farm customers in no-fault states . | |
State Farm’s roadside assistance is an affordable add-on that covers towing, fuel delivery, tire changes, lockout services, and even mechanical work at the breakdown site if you run into car trouble on the road. | |
If you have full coverage insurance from State Farm and your car is in the shop following a collision or comprehensive claim, this rental reimbursement add-on will help to offset the cost of alternative transportation (like a rental car) until your wheels are back on the road. | |
If you drive for Uber or Lyft, this type of rideshare vehicle insurance can help extend your coverage in a risky job. |
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In addition to the types of car insurance coverage listed above, State Farm offers other insurance products, including home insurance and life insurance, to customers.
Is full coverage car insurance from State Farm worth it?
For most drivers with good records and strong credit, a full coverage car insurance policy from State Farm is worth it—but it’s also worth comparing car insurance rates from other providers before purchasing a policy.
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.Benefits of full coverage State Farm car insurance
If you carry full coverage car insurance from State Farm, you’ll:
- Meet any requirements from your lender or leasing company
- Have peace of mind in dangerous weather or high-theft areas
- Be able to file a claim for a totaled vehicle
If you own a high-value vehicle or live in an area where severe weather, auto thefts, vandalism, and crashes are common, full coverage is almost always worth the money.
Drawbacks to full coverage State Farm car insurance
On the other hand, there are disadvantages to a full coverage policy. For example:
- Full coverage is more expensive than basic liability insurance
- Your premiums will go up after a claim
If full coverage insurance costs have you worried, look into car insurance discounts. State Farm offers discounted rates for bundling
homeowners insurance
or renters insurance
with your auto policy, as well as for maintaining a safe driving record. Does State Farm have the best full coverage auto insurance?
Not necessarily—in fact, State Farm’s coverage isn’t significantly different from any other insurance provider’s coverage.
What is different? Auto insurance rates. Every company uses a different set of calculations to set rates for policyholders based on factors like age, gender, location, credit score, driving record, marital status, and more. If State Farm’s algorithm is favorable to your profile—for instance, if you have a
clean driving record
and good credit—you might find the best rates on full coverage with them. But it’s also possible that a different company, such as
Allstate
, GEICO
, or Nationwide
, could offer you a better rate on the same coverage based on your driving history or credit rating. For example, young drivers and drivers with DUIs
are two groups that are less likely to find the best rates with State Farm.Customer satisfaction is another one 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 in a timely manner.
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.
The bottom line
State Farm offers some of the lowest average rates on full coverage car insurance for most 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.
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At what point is full coverage not worth it?
There’s no specific cutoff, but if you drive a high-mileage vehicle that’s not worth much, full coverage may not be worth it. If the cost to replace your vehicle would be less than the premium for full coverage, it isn’t worth it.
What is the difference between full coverage and liability coverage?
Liability coverage, which pays for medical bills and vehicle repairs for other drivers when you’re at fault, is the most basic kind of car insurance and the bare minimum included in any policy. Full coverage, on the other hand, includes collision and comprehensive coverage in addition to liability.
What is a deductible?
Your car insurance deductible is the amount you have to pay on a claim before your collision or comprehensive coverage kicks in. Most of the time, deductible refers to collision and comprehensive coverage, but it can also apply to personal injury protection and uninsured motorist property damage.
