Car insurance statistics in 2019

Car insurance by the numbers

$285 billion • The amount the auto industry is expected to generate 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

Sources

^1.IBISWorld
^2.National Association of Insurance Commissioners
^3.Insurance Research Council

In this article:

• Average cost of insurance by type of car
• Average cost of insurance by state
• Average cost of insurance by coverage type
• Biggest auto insurance companies

Average cost of insurance by type of car

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.

Average cost of insurance by state

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.

Average cost of insurance by coverage type

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.

Biggest auto insurance companies

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.