Car insurance statistics
The average cost of automobile insurance declined by 1.7 percent in 2006
The District of Columbia had the highest average expenditure ($1,164), followed by New Jersey ($1,152), Louisiana ($1,094), New York ($1,083) and Florida ($1,069).
77 percent of insured drivers purchase comprehensive coverage in addition to liability insurance, and 72 percent buy collision coverage,
Used with persmission of www.iii.org
Statistics
Car Insurance Statistics
© 2009 Network Marketers Inc.
Car Insurance Inc.
AAA’s 2010 Your Driving Costs study found that the average cost to own and operate a sedan rose by 4.8 percent to $8,487 per year, compared with the previous year. Rising fuel, tire and insurance costs contributed to the increase, with the average cost of auto insurance on sedans rising by 5.7 percent to $1,031 for a typical policy including collision and comprehensive coverage. The 2010 study is based on costs associated with five top-selling 2009 models selected by AAA. Figures are not comparable to the National Association of Insurance Commissioner’s Auto Expenditures data shown below.
The average cost of automobile insurance declined by 2.6 percent in 2007, according to a December 2009 report from the National Association of Insurance Commissioners (NAIC). The District of Columbia had the highest average expenditure ($1,140), followed by New Jersey ($1,104), Louisiana ($1,096), New York ($1,047) and Florida ($1,043).
