Average Cost of Car Insurance 2018 Updated

Average Cost of Car Insurance

The average annual cost of car insurance paid in the US was $ 907.38 in 2014, according to a study commissioned by Quadrant Information Services, which will vary wildly from state to state and not always include all types of coverage and can not accurately reflect your coverage needs. Next to find the average cost of car insurance in your country or use the form to find a cheaper quote for car insurance:

Monthly Car Insurance Rates by State

State Monthly Car Insurance Rate Annual Car Insurance Rate
Alabama $128 $1,536
Alaska $136 $1,632
Arizona $104 $1,248
Arkansas $118 $1,416
California $165 $1,964
Colorado $135 $1,557
Connecticut $134 $1,639
Delaware $135 $1,580
Florida $156 $1,830
Georgia $187 $2,201
Hawaii $113 $1,400
Idaho $82 $1,053
Illinois $116 $1,370
Indiana $101 $1,202
Iowa $84 $1,058
Kansas $115 $1,358
Kentucky $156 $1,503
Louisiana $167 $1,971
Maine $80 $964
Maryland $191 $1,810
Massachusetts $136 $1,604
Michigan $216 $2,551
Minnesota $113 $1,360
Mississippi $114 $1,385
Missouri $101 $1,207
Montana $166 $2,013
Nebraska $111 $1,317
Nevada $113 $1,388
New Hampshire $84 $983
New Jersey $150 $1,905
New Mexico $113 $1,371
New York $91 $1,173
North Carolina $89 $1,060
North Dakota $143 $1,710
Ohio $74 $926
Oklahoma $131 $1,568
Oregon $111 $1,334
Pennsylvania $120 $1,440
Rhode Island $168 $2,021
South Carolina $110 $1,316
South Dakota $135 $1,557
Tennessee $116 $1,397
Texas $133 $1,620
Utah $101 $1,182
Vermont $99 $1,144
Virginia $93 $1,115
Washington $125 $1,496
Washington, D.C. $177 $2,134
West Virginia $210 $2,518
Wisconsin $91 $1,087
Wyoming $128 $1,541

Data from insurance departments of the various countries show that annual car insurance premiums are on the rise in most countries across the country. The average cost of insurance for car owners of their car insurance against accidents and other events has increased in general, with exceptions of Arkansas, Georgia, North Carolina, and Virginia, all of whom have seen car insurance premiums drop from 1% to 5% in the past year. These quotes for car insurance in select countries all over the country should give you an estimated ballpark for average annual car insurance.


Car insurance quotes will vary significantly depending on the age of the driver or applicant. Young drivers are notorious behind the wheel and because of this, insurance companies charge higher tariffs on policies that covers young drivers. The chart below will show you how extreme car insurance quotes vary depending on your age. Each dollar amount in the graph below represents the average annual cost of the same age

Graph of car insurance rates by age


Among those drivers who have had no violations or accidents within the past 3 years, car insurance rates are quite similar except for young drivers. Our data, which examined rates from 54 different insurance companies, showed that 19-year-old male drivers paid an average of 12% more car insurance premiums each year than their female counterparts. Why is that? While gender is not a direct rating factor that insurance companies look at, the data behind gender shows that men tend to drive more frequently, get speeding tickets, get involved in more accidents, and get more DUI privileges than women!

Graph of car insurance premiums by gender

Average Cost of Home Insurance

The average cost of homeowners insurance throughout the United States is $988 per year. Take a look at our table below to get an idea of how much it costs in your state:

State Monthly Home Insurance Rate Annual Home Insurance Rate
Alabama $98 $1,163
Alaska $79 $924
Arizona $54 $645
Arkansas $88 $1,029
California $82 $967
Colorado $81 $971
Connecticut $91 $1,096
D.C. $90 $1,085
Delaware $57 $664
Florida $161 $1,935
Georgia $75 $906
Hawaii $76 $907
Idaho $43 $518
Illinois $68 $822
Indiana $65 $779
Iowa $59 $713
Kansas $92 $1,103
Kentucky $70 $839
Louisiana $139 $1,672
Maine $60 $714
Maryland $67 $800
Massachusetts $89 $1,072
Michigan $65 $774
Minnesota $88 $1,056
Mississippi $117 $1,409
Missouri $85 $1,022
Montana $68 $818
Nebraska $80 $958
Nevada $57 $689
New Hampshire $68 $811
New Jersey $76 $915
New Mexico $66 $793
New York $91 $1,097
North Carolina $72 $869
North Dakota $81 $969
Ohio $54 $644
Oklahoma $116 $1,386
Oregon $47 $559
Pennsylvania $62 $744
Rhode Island $95 $1,139
South Carolina $91 $1,091
South Dakota $60 $721
Tennessee $76 $915
Texas $132 $1,578
Utah $47 $563
Vermont $62 $748
Virginia $65 $782
Washington $52 $626
West Virginia $62 $743
Wisconsin $49 $592
Wyoming $64 $770

Home insurance is designed to cover the house in the event of any unexpected disaster that harms their home. The average cost of home insurance will be affected primarily by the location of your residential property and the extent of your insurance coverage. Several types of home insurance are common or characteristic to specific areas or areas such as damage to floods, hurricanes, earthquakes etc. As a rule, the Federal Reserve says you can estimate the expenses of home insurance by dividing the value of your home by 1000 and then Multiply this number by $ 3.50. Using average home price data from AARP, here are some typical annual homeowners insurance from all over the country, ValuePenguin has build a table for your reference.

Average Cost of Renters Insurance

The average cost of renters insurance for 2016 (for $20,000-$30,000 in coverage):

State Monthly Renters Insurance Rate Annual Renters Insurance Rate
New York $17 $215
California $19 $224
Illinois $14 $154
Texas $18 $216

If you are one of the millions of Americans who have forgotten to buy a house in return for renting a place, you may want to consider renting renters as a way to protect your personal belongings. Employee insurance protects your studio, apartment, apartment or elevator apartment against events such as property destruction from fire, vandalism, and theft. Looking at some of the average cost of renters insurance in our four representative countries, ValuePenguin thinks the monthly premium is cheap enough and worth the peace of mind knowing you can at least recover the cost of all lost or damaged items.

Average Cost of Health Insurance

State Monthly Health Insurance Rate Annual Health Insurance Rate
Florida $444 $5,306
New Jersey $478 $5,747
Illinois $517 $6,204
Texas $401 $4,845


Health insurance is an important investment to make yourself, your family, and loved ones. According to an annual insurance survey of the Ministry of Health and Welfare for 2007, the average monthly premium for individuals in the United States was $ 476 (or $ 5,712 per year). Between 2013 and 2017, average premiums increased by 105% in individual policies. These figures include rates from all 39 countries in health.gov.

The average cost of health insurance ranges from $ 319 in Utah to $ 1,041 in Alaska. Table of ValuePenguin There are some examples of average annual premiums for individuals in select countries to give you an idea of the average cost of health insurance. For a full treatment of the average cost of health insurance please refer to our in-depth article.

Average Cost of Pet Insurance

Insurance companies providing pet health coverage factor in the breed of your pet when determining quotes for your premium. In a 2017 survey of the market, ValuePenguin found that on average, medical insurance prices for the most popular breeds of pooches varied by over 18%, and rates for the most popular cat breeds varied by over 62%.

Popularity Rank Breed Monthly Premium
1 Labrador Retriever $37.44
2 German Shepherd $33.32
3 Golden Retriever $40.56
4 Bulldog $38.00
5 Beagle $32.31

The below table shows the estimated monthly cost of pet insurance for the most popular breeds of cat, averaged across the expected monthly premiums of the different plans at several major pet insurance providers.

Popularity Rank Breed Monthly Premium
1 Exotic $12.79
2 Ragdoll $17.57
3 British Shorthair $20.76
4 Persian $19.16
5 Maine Coon Cat $17.57


List of Top 10 Biggest Auto Insurance Companies in United States (U.S)

10 major car insurance companies in the country represent more than two third of the market share in the United States. Among the top insurance companies, car discounts such as multiple policy packs and driver drivers are sure to reign supreme. To get the right prices and find the ideal policy for your needs, use the car insurance comparison tool or get quotes from many companies to make sure you get the most competitive rates available

1. Geico

If you prefer to manage your account online and not personally, Geico is a great option for you. Geico offers some of the lowest prices on auto insurance in addition to simple online applications and account management tools. Some of the other features that make the Geico stand out include optional coverage types such as mechanical breakdown, roadside assistance and emergency refund reimbursement.

During the review of the Geico 2016, JD Power ranked Geico as an average overall satisfaction. Also AM. Best and Standard & Poor’s greatly value Geico for its financial strength.

2. State Farm

With more than 18% market share, Farm State is the Second largest home car and insurer in the US and has more than 18,000 agents spread across its nationwide network and extensive menu of more than 100 services, making it easy to see why many drivers turn to the state farm for insurance needs This provider offers multiple discounts on auto insurance, including:

Get Free Credit Score
Discounts without accidents
Against theft
Defensive driving course
Drive safe and save
Has a policy of homeowners
During a review of a government review for 2016, JD Power rated the country’s farms as the above average with overall satisfaction. M. Best ranks it as an excellent financial strength. On the downside, you need to switch state agent state to get policy, and agents do not offer any information about competitors who may provide policies with more favorable conditions.


Although Alstate prices are at the top end, the insurance company offers a solid menu of discounts that help shave up to 30% off premiums, including a prime discount that rewards you for driving for three years without accidents or violations with a 22% discount. This provider offers a great selection of services ranging from home auto insurance and life insurance, annuities and mutual funds.

J.D. Power of 2016 Review Allstate gave the company an average rating with overall satisfaction. It also earns excellent rating from A.M Best on the basis of its financial strength.

4. Progressive

What sets advanced besides other insurers is your “name and price” tool, which helps you find the policy that matches your budget. Progressive also has an online quote tool that gives you an estimate of the company rates along with some of its top competitors. With many combined discounts, including multi-car and safe driver discounts, it’s easy to create a custom package with just the right amount of premium coverage that works for you.

In the ongoing 2016 review, JD rated power progressed as an average overall satisfaction. M. Best gives an advanced A + for financial stability and strength.


USAA’s auto policies are created specifically for military families and include additional features such as long-term auto insurance discount. To be eligible, you must be eligible according to the USAA criteria, which include one of the following:

Military activist: Member of the Air Force, Navy, Army, Coast Guard or Marines
Former Army: A person who separated or retired with a respectable discharge
Family: Never remarried ex-spouses, widows and widowers of USAA members or children whose parent (s) had either USAA property or auto insurance
Students and staff: Individuals enrolled in US service academies, advanced ROTC or ROTC scholarships
In a review of USAA, A.M. Best Awarded USAA A ++ For Financial Power. This leads also consistently earns high marks for customer satisfaction.

6. Farmers

Farmers offer 85 years of experience to go beyond simple, bare legal and legal cover. If you are interested in additional features for your car insurance policy, farmers insurance has some great options. Optional supplements include forgiveness of accidents, small forgiveness for forgiveness and replacement of new cars. Some of the assumptions he offers are company affinities that are open to professionals such as teachers, accountants, architects, doctors, engineers, lawyers, pilots, firefighters, scientists and police.

In 2016 farmers review, JDe power ranked farmers as the average overall customer satisfaction. AM Best gives him an excellent rating based on the company’s financial strength.

7. Liberty Mutual

Liberty Trust includes some added value additions in its auto policy, making the company a smart option if you are looking for these benefits. Some of the additional benefits of a Loyalty Insurance policy include an accident forgiveness after spending five years in a pre-and-free accident, a life-long warranty and 24 hour roadside assistance.

A review of Liberty by 2016 by JD Power rated the company as an average of overall customer satisfaction. AM Best gives him an excellent rating based on the company’s financial strength.

8. Nationwide

Nationwide carries everything from auto insurance to pet home and identify theft insurance and financial services, making the company ideal as a one-stop shop if you need some types of policy. When Nationalwide sets itself apart with a few of its additions, the deductible includes disappears that rewards you for each year you drive without incident by deducting your deductible.

JD Power’s 2016 review nationwide revealed average overall customer satisfaction. M. Best insurer with A + on financial robustness.

9. American Family

The American family is the ninth largest auto insurance company in the United States, and it is well considered for its low prices in its large menu of services. In addition to car insurance, you can get homeowners, boat, condo, farm, business or farm insurance along with financial products such as investments and retirement accounts.

In American family reviews, both J.D. Power consumer reports give American family ratings excellent for satisfaction claims. A.M ranks the leading insurance carrier as having excellent financial robustness.

10. Travelers

Travelers is a big name in the insurance game, with a high profile history dating back to 1864. In addition to being the tenth largest car insurance provider in the country, Travelers is also the sixth largest home insurance company. The company’s website is simple to use and the insurer offers a wide range of discounts. Travelers offers personal insurance experience and sells auto insurance coverage through a network of 13,000 agents located throughout the country.

Review of Travelers 2016 by J.D. Power reveals average customer satisfaction. A. The best is classified as having excellent financial strength.


Top 10 List of World’s Biggest Insurance Companies

Insurance helps us do exactly what this quote offers. We all deal with many types of risks: the risk of meeting with an accident, getting sick, becoming a victim of a natural disaster or fire, and above all risking life. All these risks not only come with pain and suffering, but also hurt financially. Insurance is one way to be prepared for the worst; It offers the safety that the economic part of the pain will be treated. In this article, we will look at some of the top insurance companies. There are many criteria on the basis of which you can prepare such a list: premium collections, market value, income, profit, geographical area, assets and more. The following list focuses on a number of factors, and the insurance companies that face it are not organized.

1. Zurich Insurance Group

Zurich Insurance Group, a global insurance company based in Switzerland, was founded in 1872. The Zurich Group, together with its subsidiaries, operates in more than 170 countries, providing insurance products and services. Zurich’s core businesses include general insurance, global life insurance and farmers’ insurance. With its employee strength of over 55,000, Zurich caters to the vast insurance needs of individuals and businesses of all sizes: small, medium and large companies and even multi-national corporations. Zurich group revenues in 2017 were $150.568 billion.


With over 102 million customers in 56 countries and a staff base of 157,000, AXA is one of the world’s leading insurance groups. Her main occupation is property insurance and falls, life insurance, savings and asset management. Its origin dates back to 1817 when several insurance companies merged to create an AXA. The company based in Paris has presence throughout Africa, North America, Central and South America, Asia-Pacific, Europe and the Middle East.

In 2013, AXA as a step towards increasing its foothold in Latin America acquired 51% of Colpatria Seguros’ insurance operations in Colombia. In the same year, AXA became the largest international insurer in China as a result of the 50% acquisition of Tian Ping (Chinese company and casualty insurer). In addition, the company acquired HSBC’s life insurance activity in Mexico. AXA Group reported revenues of € 120 billion in fiscal year 2017.

3. China Life Insurance

China Life Insurance (Group) Company (LFC) Is one of the largest financial services and financial services companies in China, and a key player in the Chinese capital market as an institutional investor. The company’s origins date back to 1949, when the People’s Insurance Company of China (PICC) was established. (PIFC) (PIFC) (PIFC) (PIFC) (PIFC) (PIFC) (PIFC) was founded in 1999. The life insurance company in China is undergoing reorganization in 2003, the Group) which has seven subsidiaries. The business extends over life insurance, pension plans, asset management, property and casualty, investment holdings and activities abroad.

The company is traded on the New York Stock Exchange, the Hong Kong Stock Exchange and the Shanghai Stock Exchange, and is the largest public life insurance company by market value worldwide.

4. Berkshire Hathaway

Berkshire Hathaway Inc. (BRK.A.) Was founded in 1889 and is associated with Warren Buffett, which has become a medium entity and one of the largest companies in the world. Berkshire Hathaway is now a leader in an insurance corporation that deals with insurance, among other sectors such as rail transport, finance, services and energy, manufacturing, services and retail through its subsidiaries.

It provides primary insurance, as well as reinsurance of property and casualty risks. Companies such as the Berkshire Hathaway Group of Insurance, GEICO, Berkshire Hathaway Group, General Re, National Indemnity Company, Medical Protection Company, Applied Underwriters, US Liability Insurance Company, Central Indemnification Company and Guard Group are subsidiaries of The group.

5. Prudential plc

Prudential plc (PUK) Is an insurance and financial services brand with operations designed for 24 million customers across Asia, USA, UK and Africa Prudential was founded in the UK in 1848. Prudential Corporation Asia, Prudential UK, Jackson National Life Insurance Company M & G Investments are businesses Jackson is a prominent insurance company in the United States, while Prudential UK is one of the leading providers of pension and life.

Prudential Plc is listed on the stock exchanges of London, Hong Kong, Singapore and New York. It has about 22,308 employees worldwide, with assets under management valued at 509 billion pounds.

6. United Heath Group

UnitedHealth Group Inc. (UNH) Top of the list of diverse health businesses in the United States. Its two business platforms – UnitedHealth Care for Health and Optum – work together, serving more than 85 million people across the United States and 125 countries. The UnitedHealth Group uses its clinical experience and resources to improve the performance of the healthcare industry.

The company reported revenue of $ 197.1 billion in 2017. Fortune introduced the United Group as “the most admired company in the world” in insurance and management for six consecutive years.

7.Munich Re Group

Founded in 1880, Munich Re Group operates in all insurance lines and has a presence in 30 countries, with a focus on Asia and Europe. The Company’s main insurance activity is carried out by the subsidiary ERGO Insurance Group, which offers a comprehensive range of insurance, services and provision. The home market of the Munich RE Group is Germany, where ERGO is a leader in all areas of insurance. The new arm of the Munich Health Group, completes the group’s risk management and insurance expertise in the health field.

The Group has 45,000 employees worldwide, working in all areas of insurance: life insurance, medical reinsurance, accident reinsurance, liability business, motor reinsurance, casualty business, marine reinsurance, aviation reinsurance and fire reinsurance. The Munich RI Group reported a profit of € 5.1 billion in 2017.

8. Assicurazioni Generali S.p.A.

Assicurazioni Generali, founded in 1831, is the parent company of Generali Assicurazioni Group. Generali is not only a market leader in Italy, but is also considered a prominent player in the field of global insurance and financial products. The Group, with presence in more than 60 countries, is an international brand with dominance in the West, Central and Eastern Europe. The main focus of the Generali Group is life insurance, which offers a range of products from family protection policies and savings to unit-linked insurance plans. It offers a diverse range of products in life as well, such as car, home, accident and health coverage, along with commercial and industrial risk coverage.

The Group has 77,000 employees and a customer base of 65 million people worldwide. It has assets of 480 billion euros and is one of the five largest companies in the world.

9. Japan Post Holding Co., Ltd.

Japan Post Post Holdings Co., Ltd. is the largest state-owned conglomerate in Japan, with four main divisions: Japan Post Service, Japan Post Office, Post Bank of Japan, Bank of Japan, Post Insurance (Japan Life Insurance) Post Insurance operates within Japan Post Holdings to provide insurance to its customers.The insurance arm uses the national postal network, in addition to its sales offices, to reach and provide services to customers.

JPN Post Holdings, which issued to the public in 2015, reported consolidated after tax profits of $ 3.84 billion from April to December 2015. The group manages Japan’s largest insurance insurer.

10. Allianz SE

Founded in 1890, Allianz SE is a leader in financial services, providing products and services from property management insurance. Allianz is seeking customers in more than 70 countries with assets of € 1.8 billion in management. The insurance products range from property products to life assurance and life insurance products to business customers and private customers. The company is headquartered in Germany.In 2017, total revenues reached a new record of € 135.2 billion.