Most drivers can expect it to increase the cost of their policy by anywhere from 5% to 20%, depending on insurance company.
The average nationally for full coverage is $1,675 per year. So, for example, if you are paying this amount and you found a plan at 5%, your cost would be an additional $83.75 (about $7 more per month). On the other hand, a different package may come in at 20%, which would increase your rates by $335 annually.
Whether that is too much or not is up to drivers to determine for themselves. That extra 5% per year means you can sleep each night knowing you have the protection you need if you end up with a totaled car. That’s peace of mind you can’t really put a price tag on! Your Freeway agent can help you understand the information available for these different options.