|
|
|
Learn More About Online Car Insurance
The benefit to online car insurance is obvious; instant quotes, instant advice, and through us you can get all the tips and knowledge you need to make the right decisions. Quotes can be made instantly by agents and brokers to get you the policy fit for your needs. Be sure to consider gap insurance if you are purchasing a newer vehicle. |
 |
The average cost of automobile insurance declined by 1.3 percent in 2005, according to a September 2007 report from the National Association of Insurance Commissioners (NAIC). New Jersey had the highest average expenditure ($1,184), followed by the District of Columbia ($1,182), New York ($1,122), Massachusetts ($1,113) and Louisiana ($1,076). |
AVERAGE EXPENDITURES FOR AUTO INSURANCE,
UNITED STATES, 1996-2005
Year |
|
|
|
|
|
1996 |
$691 |
3.4% |
2001 |
$726 |
5.2% |
1997 |
705 |
2.0 |
2002 |
781 |
7.6 |
1998 |
703 |
-0.3 |
2003 |
824 |
5.5 |
1999 |
685 |
-2.6 |
2004 |
840 |
1.9 |
2000 |
690 |
0.7 |
2005 |
829 |
-1.3 |
Source: © 2007 National Association of Insurance Commissioners. |
|||||
TOP FIVE MOST EXPENSIVE AND LEAST EXPENSIVE CITIES
FORAUTOMOBILE INSURANCE, 2007 (1)
Rank |
Most expensive cities |
|
Rank |
Least expensive cities |
Average annual auto premiums |
1 |
Detroit, MI |
$5,072 |
1 |
Eau Claire, WI |
$869 |
2 |
Philadelphia, PA |
3,779 |
2 |
Norfolk, VA |
954 |
3 |
Newark, NJ |
3,381 |
3 |
Raleigh, NC |
966 |
4 |
Los Angeles, CA |
3,027 |
4 |
Bismarck, ND |
989 |
5 |
Hempstead, NY |
2,764 |
5 |
Burlington, VT |
1,001 |
(1) As of June 2007. Assumes $100,000/$300,000/$50,000 liability limits, collision and comprehensive with $500 deductibles, and $100,000/$300,000 uninsured coverage. |
|||||
LEADING WRITERS OF PRIVATE PASSENGER AUTO INSURANCE
BY DIRECT PREMIUMS WRITTEN, 2006($000)
| Rank | Direct premiums written (1) |
||
1 |
State Farm Mutual Group |
$29,582,026 |
18.0% |
2 |
Allstate Insurance Co. Group |
18,293,861 |
11.1 |
3 |
Progressive Casualty Group |
12,077,096 |
7.3 |
4 |
National Indemnity Co. Group (Berkshire Hathaway) |
11,105,001 |
6.7 |
5 |
Farmers Insurance Group |
8,109,760 |
4.9 |
6 |
Nationwide Group |
7,489,998 |
4.5 |
7 |
United Services Automobile Association Group |
5,964,245 |
3.6 |
8 |
American International Group |
5,002,978 |
3.0 |
9 |
Liberty Mutual Group |
4,251,008 |
2.6 |
10 |
American Family Insurance Group |
3,536,914 |
2.1 |
(1) Before reinsurance transactions, excluding state funds. |
|||
For more great inforamtion please visit the Insurance Information Institute |
