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 RATES BY AGE

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

CAR INSURANCE RATES BY Gender

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

 

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