Car insurance statistics in 2021

Up-to-date facts and figures about car insurance in the U.S.

Anna Swartz 1600Stephanie Nieves author photo

By

Anna Swartz

Anna Swartz

Insurance Expert

Anna Swartz is a Managing Editor at Policygenius, specializing in auto insurance. Her work has appeared in Mic, The Dodo, AOL, MSN, HuffPost, Salon and Heeb.

&

Stephanie Nieves

Stephanie Nieves

Property and Casualty Insurance Expert

Stephanie Nieves is an insurance editor at Policygenius in New York City, specializing in home and auto insurance. Her work has appeared in Business Insider, PayScale, Fairygodboss, and The Muse.

Updated January 3, 2020|2 min read

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Car insurance by the numbers

$285 billion • The amount the auto industry was predicted to have generated in 2019^

$1,189.64 • The average annual cost of auto insurance in the U.S.†

13% • The percentage of all U.S. drivers who were uninsured in 2015, that’s one in eight drivers

26.7% • The percentage of drivers without car insurance in Florida, the state with the highest percentage of uninsured drivers in 2015‡

4.5% • The percentage of drivers without car insurance in Maine, The state with the lowest number of uninsured drivers in 2015‡

79% • The percentage that medical expenses made up of all claimed economic losses in auto claims in 2017‡

$15,506 • The average cost per bodily injury claim in 2013‡

Sources

^ IBISWorld

† National Association of Insurance Commissioners

‡ Insurance Research Council

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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 2020 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 $1,087, and the most expensive was a small sedan, with an annual cost of $1,342.

Type of carAnnual cost of car insurance
Small SUV$1,087
Medium SUV$1,118
Minivan$1,096
Hybrid$1,212
Large sedan$1,264
Electric$1,227
Medium sedan$1,245
Pickup$1,242
Small sedan$1,342

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 2018, according to the NAIC’s 2021 report.

Article image
StateAverage Premium
Alabama$1,066.92
Alaska$1,111.07
Arizona$1,181.29
Arkansas$1,097.33
California$1,194.83
Colorado$1,290.34
Connecticut$1,326.09
Delaware$1,393.70
District of Columbia$1,574.09
Florida$1,520.99
Georgia$1,382.52
Hawaii$944.70
Idaho$828.32
Illinois$995.55
Indiana$864.82
Iowa$816.18
Kansas$985.34
Kentucky$1,088.73
Louisiana$1,751.37
Maine$782.72
Maryland$1,327.40
Massachusetts$1,246.08
Michigan$1,590.35
Minnesota$971.66
Mississippi$1,149.85
Missouri$1,052.86
Montana$1,025.46
Nebraska$962.79
Nevada$1,386.22
New Hampshire$882.65
New Jersey$1,500.58
New Mexico$1,102.15
New York$1,558.66
North Carolina$870.87
North Dakota$844.18
Ohio$881.91
Oklahoma$1,123.61
Oregon$1,077.22
Pennsylvania$1,100.84
Rhode Island$1,500.31
South Carolina$1,227.54
South Dakota$905.02
Tennessee$995.91
Texas$1,372.25
Utah$1,038.50
Vermont$854.27
Virginia$956.98
Washington$1,120.02
West Virginia$1,096.80
Wisconsin$830.06
Wyoming$971.07
U.S. Average$1,189.64

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 2018, the most recent year for which data is available.

Type of coverageAverage annual cost nationwide
Liability$644.11
Collision$377.62
Comprehensive$167.91

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Largest 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.

Company NameMarket Share in 2019
State Farm16.10 %
Geico13.74 %
Progressive12.22 %
Allstate9.31 %
USAA6.00 %
Liberty Mutual4.61 %
Farmers4.15 %
Nationwide2.46 %
American Family2.28 %
Travelers1.93 %