Car insurance statistics in 2019

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

Anna Swartz 1600

Anna Swartz

Published May 24, 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

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 carAnnual cost of car insurance
Small SUV$1,074
Medium SUV$1,102
Minivan$1,114
Hybrid$1,200
Large sedan$1,209
Electric$1,215
Medium sedan$1,232
Pickup$1,242
Small sedan$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.

How much is car insurance? The average cost of car insurance rates by state in 2015 was $1,099 annually per the National Association of Insurance Commissioners.

StateAverage annual car insurance premium
Idaho$679.89
Iowa$702.46
Maine$703.82
Wisconsin$737.18
Indiana$755.03
Vermont$764.02
South Dakota$766.91
North Dakota$773.30
Ohio$788.56
North Carolina$789.09
New Hampshire$818.75
Nebraska$831.02
Virginia$842.67
Wyoming$847.44
Kansas$862.93
Montana$863.52
Alabama$868.48
Tennessee$871.43
Missouri$872.43
Utah$872.93
Hawaii$873.28
Minnesota$875.49
Illinois$884.56
Oregon$904.83
Arkansas$906.34
New Mexico$937.59
Kentucky$938.51
Washington$968.80
Pennsylvania$970.51
Arizona$972.85
South Carolina$973.10
Colorado$981.64
California$986.75
Mississippi$994.05
Oklahoma$1,005.32
Countrywide$1,009.38
West Virginia$1,025.78
Alaska$1,027.75
Georgia$1,048.40
Nevada$1,103.05
Texas$1,109.66
Maryland$1,116.45
Massachusetts$1,129.29
Connecticut$1,151.07
Delaware$1,240.57
Florida$1,257.13
Rhode Island$1,303.50
District of Columbia$1,330.73
New York$1,360.66
Michigan$1,364.00
New Jersey$1,382.79
Louisiana$1,405.36

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.

Type of coverageAverage annual cost nationwide
Liability$538.73
Collision$322.61
Comprehensive$148.04
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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.

Company nameMarket share
State Farm17.05%
Berkshire Hathaway13.44%
Progressive10.99%
USAA5.88%
Liberty Mutual4.79%
Farmers Insurance4.27%
Nationwide2.73%
Travelers1.91%
American Family1.90%
Auto Club Enterprises1.38%

Policygenius’ editorial content is not written by an insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for you.