The countrywide average auto insurance expenditure rose 1.0 percent to $1,070.47 in 2019 from $1,059.41 in 2018 according to the National A-sociation of Insurance Commissioners. In 2019 (the latest data available), the average expenditure was highest in Louisiana ($1,557.22) followed by Michigan ($1,495.94), and New York ($1,445.30).
To calculate average expenditures, the National A-sociation of Insurance Commissioners (NAIC) a-sumes that all insured vehicles carry liability coverage but not necessarily collision or comprehensive coverage. The average expenditure measures what consumers spend for insurance on each vehicle. It does not equal the sum of liability, collision and comprehensive expenditures because not all policyholders purchase all three coverages. The average expenditure measures what consumers actually spend for insurance.
AAA’s 2021 Your Driving Costs study found that the average cost to own and operate a 2021 model vehicle was $9,666 in 2021 when the vehicle is driven 15,000 miles per year. The average full-coverage insurance cost for medium sedans was $1,403, compared with $1,296 for a medium SUV. The average insurance cost for all vehicles, including pickups and hybrid and electric vehicles, was $1,342. AAA insurance cost estimates are based on a full coverage policy for a driver who is under 65 years of age, has more than six years of driving experience, has had no accidents, and lives in a suburban/urban location.
The coverage is for a policy with $100,000/$300,000 personal liability, $25,000 medical, $100,000 property and $25,000/$50,000 uninsured/underinsured motorist coverage, with a $500 deductible for collision and comprehensive claims. These figures are not comparable with the National A-sociation of Insurance Commissioners’ auto expenditures data, below.
Year
Average expenditure
Percent change
2010
$789.29
-0.3%
2011
795.01
0.7
2012
812.40
2.2
2013
841.06
3.5
2014
869.47
3.4
2015
896.66
3.1
2016
945.02
5.4
2017
1,008.52
6.7
2018
1,059.41
5.0
2019
1,070.47
1.0
GST taxpayers can't claim any pending input tax credit if this return is not filed by November 30, 2024 for FY 2023-24
