Const & Coverage
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Up-to-date facts and figures about car insurance in the U.S.
$285 billion • The amount the auto industry was predicted to have generated in 20191
$1,099 • The average annual cost of auto insurance in the U.S.2
13% • The percentage of all U.S. drivers who were uninsured in 2015, that’s one in eight drivers3
26.7% • The percentage of drivers without car insurance in Florida, the state with the highest percentage of uninsured drivers in 20153
4.5% • The percentage of drivers without car insurance in Maine, The state with the lowest number of uninsured drivers in 20153
79% • The percentage that medical expenses made up of all claimed economic losses in auto claims in 20173
$15,506 • The average cost per bodily injury claim in 20133
In this article:
The make and model of the car you drive helps determine your premiums. According to AAA’s 2018 Your Driving Costs study, which broke down the average annual costs associated with nine different types of vehicles, the cheapest type of car to insure was a small SUV, at an annual cost of $1,074, and the most expensive was a small sedan, with an annual cost of $1,315.
|Type of car||Annual cost of car insurance|
As we mentioned earlier, at least some amount of car insurance coverage is required in almost every U.S. state. The state that you live in also helps determine what you’ll pay for car insurance — some states have much higher average annual insurance premiums than others. Here’s the average annual insurance premium by state in 2015, according to the NAIC’s 2017 report.
|State||Average annual car insurance premium|
|District of Columbia||$1,330.73|
Different types of car insurance coverage also contribute differently to your monthly costs. Liability insurance, the backbone of most policies, is required in almost every state. Other types of coverage that protect your vehicle, like comprehensive and collision, aren’t required by law but are part of what’s often referred to as full coverage insurance.
The NAIC broke down the average annual premium for different types of car insurance coverage in 2015, the most recent year for which data is available.
|Type of coverage||Average annual cost nationwide|
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The NAIC ranks insurance companies by their total share of the market. The following table shows the top ten insurers for private auto, along with their percentage share of the market, according to a 2019 report from the NAIC.
|Company name||Market share|
|Auto Club Enterprises||1.38%|
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Yes, we have to include some legalese down here. Read it larger on our legal page. Policygenius Inc. (“Policygenius”) is a licensed independent insurance broker. Policygenius does not underwrite any insurance policy described on this website. The information provided on this site has been developed by Policygenius for general informational and educational purposes. We do our best efforts to ensure that this information is up-to-date and accurate. Any insurance policy premium quotes or ranges displayed are non-binding. The final insurance policy premium for any policy is determined by the underwriting insurance company following application. Savings are estimated by comparing the highest and lowest price for a shopper in a given health class. For example: for a 30-year old non-smoker male in South Carolina with excellent health and a preferred plus health class, comparing quotes for a $500,000, 20-year term life policy, the price difference between the lowest and highest quotes is 60%. For that same shopper in New York, the price difference is 40%. Rates are subject to change and are valid as of 2/17/17.
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