Auto Insurance

Auto Insurance

Costs And Expenditures

The countrywide average auto insurance expenditure rose 3.3 percent to $841.23 in 2013 from $814.63 in 2012, according to a January 2016 report from the National Association of Insurance Commissioners. In 2013 (the latest data available), the average expenditure was highest in New Jersey ($1,254.10), followed by the District of Columbia ($1,187.49), and New York ($1,181.86).

To calculate average expenditures the National Association of Insurance Commissioners (NAIC) assumes that all insured vehicles carry liability coverage but not necessarily collision or comprehensive coverage. The average expenditure measures what consumers actually 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.
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AAA’s 2016 Your Driving Costs study found that the average cost to own and operate an average sedan was $8,558 in 2015, down 1.6 percent from $8,698 in 2014. The decline reflects reduced gasoline costs offsetting increases in maintenance, insurance, finance charges and other costs. Average insurance costs for sedans rose 9.6 percent, or $107, to $1,222 in 2015 from $1,115 in 2014. AAA insurance cost estimates are based on a full coverage policy for a 47-year old male with a clean driving record for a policy with $100,000/$300,000 bodily injury liability coverage with a $500 deductible for collision and a $100 deductible for comprehensive coverage. Figures are not comparable with the National Association of Insurance Commissioners’ Auto Expenditures data below.

 

Average Expenditures For Auto Insurance, 2004-2013

 

Year Average expenditure Percent change
2004 $842.65 1.5%
2005 831.58 -1.3
2006 817.99 -1.6
2007 798.54 -2.4
2008 790.66 -1.0
2009 786.65 -0.5
2010 791.85 0.7
2011 797.73 0.7
2012 814.63 2.1
2013 841.23 3.3

Source: © 2016 National Association of Insurance Commissioners (NAIC).

View Archived Tables

  • 78 percent of insured drivers purchase comprehensive coverage in addition to liability insurance, and 72 percent buy collision coverage, based on an I.I.I. analysis of 2013 NAIC data.

 

Auto Insurance Expenditures, By State

The tables on the following pages show estimated average expenditures for private passenger automobile insurance by state from 2009 to 2013, providing approximate measures of the relative cost of automobile insurance to consumers in each state. To calculate average expenditures the National Association of Insurance Commissioners (NAIC) assumes that all insured vehicles carry liability coverage but not necessarily collision or comprehensive coverage. The average expenditure measures what consumers actually 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.

Expenditures are affected by the coverages purchased as well as other factors. In states where the economy is healthy, people are more likely to purchase new cars. Since new car owners are more likely to purchase physical damage coverages, these states will have a higher average expenditure. The NAIC notes that urban population, traffic density and per capita income have a significant impact on premiums. The latest report shows that high premium states tend also to be highly urban, with higher wage and price levels and greater traffic density. Tort liability and other auto laws, auto repair costs, liability coverage requirements, theft rates and other factors can also affect auto insurance prices.

 

Top 10 Most Expensive And Least Expensive States For Auto Insurance, 2013 (1)

Rank Most expensive states Average expenditure Rank Least expensive states Average expenditure
1 New Jersey $1,254.10 1 Idaho $553.38
2 D.C. 1,187.49 2 Iowa  572.14
3 New York  1,181.86 3 South Dakota  580.99
4 Louisiana  1,146.29 4 Maine  592.82
5 Florida  1,143.83 5 North Dakota  604.58
6 Michigan  1,131.40 6 Wisconsin  621.05
7 Delaware  1,101.12 7 Indiana  621.71
8 Rhode Island  1,066.25 8 North Carolina  624.76
9 Connecticut  1,011.27 9 Nebraska  638.74
10 Massachusetts  1,007.98 10 Wyoming  639.71

(1) Based on average auto insurance expenditures.

Source: © 2016 National Association of Insurance Commissioners (NAIC).

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Top 10 Most Expensive And Least Expensive Cities For Auto Insurance, 2014 (1)

 

Rank Most expensive cities Average car
insurance price
Rank Least expensive cities Average car
insurance price
1 Detroit, MI $10,723 1 Winston-Salem, NC $969
2 New Orleans, LA 4,310 2 Greensboro, NC   1,090
3 Grand Rapids, MI 4,042 3 Raleigh, NC 1,098
4 Newark, NJ 3,525 4 Durham, NC 1,101
5 Baton Rouge, LA 3,364 5 Charlotte, NC   1,123
6 Hialeah, FL 3,272 6 Boise, ID 1,222
7 Jersey City, NJ 3,267 7 Rochester, NY 1,249
8 Louisville, KY 3,256 8 Fayetteville, NC 1,295
9 Miami, FL 3,169 9 Spokane, WA 1,308
10 Philadelphia, PA 2,931 10 Montgomery, AL 1,376

(1) Based on a 26-year-old male without any history of accidents, insuring a 2012 Toyota Camry. Assumes $100,000/$300,000/$50,000 liability limits with a $500 deductible. To calculate city averages, NerdWallet used only ZIP codes within city limits and not in the city's metro area.

Source: NerdWallet.

  • Detroit is the costliest city for auto insurance and had more than double the expenditures of the second costliest city, New Orleans.
  • Six of the least expensive cities for auto insurance were in North Carolina, led by Winston-Salem.

 

Average Expenditures For Auto Insurance By State, 2009-2013

  2013 2012   Average expenditure
State Liability Collision Compre-
hensive
Average
expendi-
ture
Rank (1) Average
expenditure
Rank (1) Average
expenditure
percent
change
2012-2013
2011 2010 2009
Alabama $372.44 $292.40 $146.91 $673.51 38 $659.06 37 2.2% $653.37 $651.22 $652.07
Alaska 555.04 361.42 141.68 889.28 14 873.15 13 1.8 873.11 890.35 896.74
Arizona 490.78 254.85 180.88 811.45 18 781.71 18 3.8 776.56 804.97 842.21
Arkansas 380.78 301.90 185.45 703.04 36 679.46 35 3.5 665.49 662.44 657.13
California 464.53 361.24 97.67 782.63 22 747.82 23 4.7 740.50 746.15 756.16
Colorado 473.55 255.36 158.40 777.74 23 737.95 26 5.4 723.61 730.42 741.28
Connecticut 635.62 347.07 126.34 1,011.27 9 986.73 9 2.5 969.41 965.22 952.36
Delaware 783.30 291.67 112.21 1,101.12 7 1,065.37 6 3.4 1,048.03 1,030.98 1,021.42
D.C. 634.70 451.59 230.19 1,187.49 2 1,154.91 2 2.8 1,139.43 1,133.87 1,127.72
Florida 860.43 242.48 106.83 1,143.83 5 1,128.31 4 1.4 1,090.58 1,037.36 1,006.20
Georgia 485.40 313.28 150.65 800.58 19 768.34 20 4.2 754.06 748.89 754.61
Hawaii 457.09 291.89 95.18 739.26 29 735.18 27 0.6 748.45 765.83 786.33
Idaho 339.50 203.02 108.06 553.38 51 534.56 51 3.5 535.11 548.03 554.80
Illinois 424.92 278.01 116.34 744.75 27 731.57 28 1.8 727.33 733.45 727.82
Indiana 362.97 229.17 112.35 621.71 45 637.37 40 -2.5 621.38 624.27 620.31
Iowa 291.24 205.15 171.71 572.14 50 561.26 49 1.9 551.72 546.59 530.96
Kansas 342.20 247.31 238.75 668.93 39 632.07 42 5.8 625.92 625.17 622.16
Kentucky 522.34 254.45 128.20 772.80 24 759.70 21 1.7 744.53 722.70 698.85
Louisiana 723.93 380.26 203.52 1,146.29 4 1,112.53 5 3.0 1,110.63 1,121.44 1,100.09
Maine 333.69 245.85 95.40 592.82 48 582.71 47 1.7 577.38 582.29 597.87
Maryland 596.17 327.89 147.29 979.28 11 966.29 11 1.3 956.14 947.74 928.92
Massachusetts 589.38 361.12 129.97 1,007.98 10 976.65 10 3.2 942.12 890.83 860.49
Michigan 742.31 377.45 144.45 1,131.40 6 1,048.87 7 7.9 983.62 954.75 913.28
Minnesota 441.79 210.01 171.80 744.51 28 718.61 29 3.6 696.00 693.08 692.08
Mississippi 434.88 299.27 190.98 768.20 26 748.44 22 2.6 740.14 745.17 737.77
Missouri 399.08 257.09 163.62 704.22 34 683.82 34 3.0 674.60 678.03 668.29
Montana 389.29 256.63 198.81 678.58 37 658.42 38 3.1 654.56 657.42 655.61
Nebraska 347.57 220.73 205.38 638.74 43 616.78 44 3.6 602.39 592.56 575.26
Nevada 648.19 284.79 114.77 935.90 12 905.82 12 3.3 904.91 930.43 944.16
New Hampshire 391.92 279.36 102.02 733.02 31 717.15 30 2.2 705.88 706.24 717.56
New Jersey 882.10 363.80 122.37 1,254.10 1 1,219.97 1 2.8 1,186.24 1,157.30 1,100.66
New Mexico 464.51 261.94 162.39 722.66 32 695.09 32 4.0 691.74 703.64 717.96
New York 791.14 354.69 155.65 1,181.86 3 1,153.46 3 2.5 1,111.27 1,078.88 1,057.82
North Carolina 355.19 263.06 120.72 624.76 44 611.18 45 2.2 600.04 599.90 609.80
North Dakota 284.03 228.38 226.05 604.58 47 576.08 48 4.9 549.73 528.81 509.72
Ohio 374.53 251.13 113.02 659.37 40 634.91 41 3.9 619.73 619.45 616.33
Oklahoma 443.88 290.08 197.45 768.25 25 740.11 25 3.8 716.21 703.03 677.71
Oregon 562.95 206.78 86.53 783.46 21 741.51 24 5.7 723.72 724.47 722.85
Pennsylvania 497.28 301.49 131.71 841.42 16 827.75 16 1.7 812.79 812.15 811.15
Rhode Island 719.53 372.15 118.86 1,066.25 8 1,034.51 8 3.1 1,004.12 984.95 969.02
South Carolina 495.96 242.85 165.41 794.40 20 772.14 19 2.9 748.26 737.77 737.74
South Dakota 290.24 200.83 227.50 580.99 49 556.51 50 4.4 538.49 525.16 512.47
Tennessee 400.64 292.01 136.73 704.20 35 673.90 36 4.5 649.98 641.17 634.24
Texas 502.67 357.37 198.56 895.44 13 858.54 14 4.3 842.58 848.11 860.42
Utah 465.64 248.39 106.91 733.55 30 713.20 31 2.9 712.74 716.97 717.28
Vermont 343.85 272.27 118.70 655.66 41 643.47 39 1.9 633.51 630.11 645.79
Virginia 415.86 263.54 130.00 718.72 33 691.80 33 3.9 679.60 673.72 667.51
Washington 569.42 243.50 101.12 838.30 17 809.56 17 3.6 806.02 815.29 826.59
West Virginia 506.60 319.49 195.28 858.85 15 846.74 15 1.4 834.04 830.10 815.00
Wisconsin 354.56 207.71 127.49 621.05 46 598.84 46 3.7 600.23 613.41 590.54
Wyoming 323.34 260.15 220.96 639.71 42 623.70 43 2.6 619.88 621.15 624.10
United States $518.49 $296.99 $138.82 $841.23   $814.63   3.3% $797.73 $791.85 $786.65

(1) Ranked highest to lowest by average expenditure.

Note: Average expenditure=Total written premium/liability car years. A car year is equal to 365 days of insured coverage for a single vehicle. The NAIC does not rank state average expenditures and does not endorse any conclusion drawn from these data.

Source: © 2016 National Association of Insurance Commissioners (NAIC).

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Premiums

 

Private Passenger Automobile Insurance, 2006-2015

($000)

  Liability Collision/comprehensive
Year Net premiums
written (1)
Annual
percent
change
Combined
ratio (2)
Annual
point
change (3)
Net premiums
written (1)
Annual
percent
change
Combined
ratio (2)
Annual
point
change (3)
2006 $95,325,685 1.0% 98.6 0.2 pts. $65,125,977 0.4% 91.4 0.7 pts.
2007 94,974,640 -0.4 101.8 3.1 64,700,792 -0.7 93.4 2.0
2008 94,545,647 -0.5 103.5 1.7 64,054,581 -1.0 95.8 2.4
2009 94,990,682 0.5 106.2 2.7 62,630,693 -2.2 93.0 -2.8
2010 97,672,826 2.8 105.9 -0.3 62,595,851 -0.1 93.4 0.4
2011 100,369,441 2.8 103.8 -2.1 62,948,280 0.6 99.6 6.3
2012 103,429,677 3.0 103.2 -0.6 64,619,667 2.7 100.2 0.6
2013 107,446,382 3.9 103.6 0.4 67,452,663 4.4 98.7 -1.5
2014 112,354,903 4.6 103.8 0.3 71,096,640 5.4 100.2 1.5
2015 116,298,871 3.5 107.9 4.1 76,483,627 7.6 99.4 -0.8

(1) After reinsurance transactions, excludes state funds.
(2) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(3) Calculated from unrounded numbers.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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Top 10 Writers Of Private Passenger Auto Insurance By Direct Premiums Written, 2015

($000)

Rank Group/company Direct premiums written (1) Market share (2)
1 State Farm Mutual Automobile Insurance $36,545,896 18.3%
2 Berkshire Hathaway Inc. 22,808,382 11.4
3 Allstate Corp. 20,036,973 10.0
4 Progressive Corp. 17,518,721 8.8
5 USAA Insurance Group 10,562,100 5.3
6 Farmers Insurance Group of Companies (3) 9,985,969 5.0
7 Liberty Mutual 9,942,667 5.0
8 Nationwide Mutual Group 7,468,708 3.7
9 American Family Mutual 3,694,271 1.9
10 Travelers Companies Inc. 3,377,404 1.7

(1) Before reinsurance transactions, includes state funds.
(2) Based on U.S. total, includes territories.
(3) Data for Farmers Insurance Group of Companies and Zurich Financial Group (which owns Farmers' management company) are reported separately by S&P Global Market Intelligence.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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Auto Claims

Liability insurance pays for the policyholder’s legal responsibility to others for bodily injury or property damage. Collision and comprehensive insurance cover property damage and theft to the policyholder’s car.

 

Private Passenger Auto Insurance Losses, 2006-2015 (1)

 

  Liability
  Bodily injury (2) Property damage (3)
Year Claim frequency (4) Claim severity (5), (6) Claim frequency (4) Claim severity (5), (6)
2006 0.98 $12,907 3.40 $2,796
2007 0.90 13,361 3.46 2,847
2008 0.91 14,067 3.42 2,903
2009 0.89 13,891 3.49 2,869
2010 0.91 14,406 3.53 2,881
2011 0.92 14,848 3.56 2,958
2012 0.95 14,690 3.50 3,073
2013 0.95 15,441 3.55 3,231
2014 0.87 16,640 3.66 3,290
2015 0.91 17,024 3.73 3,493
  Physical damage (7)
  Collision Comprehensive (8)
Year Claim frequency (4) Claim severity (5) Claim frequency (4) Claim severity (5)
2006 4.87 $3,194 2.40 $1,528
2007 5.20 3,109 2.48 1,524
2008 5.35 3,005 2.57 1,551
2009 5.48 2,869 2.75 1,389
2010 5.69 2,778 2.62 1,476
2011 5.75 2,861 2.79 1,490
2012 5.57 2,950 2.62 1,585
2013 5.71 3,144 2.57 1,621
2014 5.95 3,161 2.80 1,567
2015 6.05 3,350 2.73 1,671

(1) For all limits combined. Data are for paid claims.
(2) Excludes Massachusetts and most states with no-fault automobile insurance laws.
(3) Excludes Massachusetts, Michigan and New Jersey.
(4) Claim frequency is claims per 100 car years. A car year is equal to 365 days of insured coverage for one vehicle.
(5) Claim severity is the size of the loss.
(6) Includes loss adjustment expenses.
(7) Excludes Massachusetts, Michigan and Puerto Rico. Based on coverage with a $500 deductible.
(8) Excludes wind and water losses.

Source: ISO®, a Verisk Analytics® business.

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  • In 2015 less than 1 percent of people with liability insurance had a bodily injury liability claim, while 3.7 percent of those with liability insurance had a property damage liability claim, according to ISO.
  • In 2015, 6.0 percent of collision insurance policyholders had a claim, while 2.7 percent of people with comprehensive coverage had a claim.
  • In 2015 the average auto liability claim for property damage was $3,493; the average auto liability claim for bodily injury was $17,024.
  • In 2015 the average collision claim was $3,350; the average comprehensive claim was $1,671.

 

Incurred Losses For Auto Insurance, 2011-2015 (1)

($000)

  2011 2012 2013 2014 2015
Private passenger auto          
     Liability $64,110,267 $64,310,776 $65,135,976 $67,879,783 $72,027,357
     Physical damage 36,454,102 40,589,159 41,275,620 41,754,861 45,313,540
Commercial auto          
     Liability 8,798,119 9,363,647 10,515,806 11,305,679 11,933,884
     Physical damage 2,911,013 3,164,880 3,250,740 3,255,581 3,627,601
Total $112,273,501 $117,428,462 $120,178,142 $124,195,904 $132,902,382

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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The Shared/Residual Market And Nonstandard Markets

All states and the District of Columbia use special systems to guarantee that auto insurance is available to those who cannot obtain it in the private market. Each type of system is commonly known as an assigned risk plan, although that term technically applies to only one type of plan. The assigned risk and other plans are known in the insurance industry as the shared, or residual, market. Policyholders in assigned risk plans are assigned to various insurance companies doing business in the state. In the voluntary, or regular, market, auto insurers are free to select policyholders.

The percentage of vehicles insured in the shared market is dropping, in part because of the evolution of the nonstandard sector of the voluntary market. The nonstandard market is a niche market for drivers who have a worse than average driving record or drive specialized cars such as high-powered sports cars and custom-built cars. It is made up of both small specialty companies, whose only business is the nonstandard market, and well-known auto insurance companies with nonstandard divisions.

Until the mid-1960s, most drivers who did not meet an insurance company’s “standard” or “preferred risk” underwriting criteria could only find coverage in the shared market, where prices are generally much higher and insurers pool or share the profits and losses. With advancements in computer technology that made it easier to set appropriate prices for smaller and smaller risk categories, some insurers began to specialize in insuring drivers with marginally bad driving records. By the late 1990s the nonstandard market accounted for about one-fifth of the total private passenger auto insurance market. This has held steady. A 2008 Conning study found that in 2006 auto insurers specializing in nonstandard private passenger auto insurance had direct premiums written of $36.9 billion, representing 22 percent of the total private passenger auto insurance market.

 

Private Passenger Cars Insured In The Shared And Voluntary Markets, 2014

 

State Voluntary
market
Shared
market
Total Shared market as
a percent of total
Alabama 3,761,830 1 3,761,831 (1)
Alaska 498,512 23 498,535 0.461%
Arizona 4,465,315 0 4,465,315 (1)
Arkansas 2,135,039 4 2,135,043 (1)
California 26,193,318 331 26,193,649 0.001
Colorado 4,007,532 0 4,007,532 (1)
Connecticut 2,513,014 105 2,513,119 0.004
Delaware 648,565 1 648,566 (1)
D.C. 245,775 110 245,885 0.045
Florida 12,175,011 178 12,175,189 0.001
Georgia 7,372,180 0 7,372,180 (1)
Hawaii 868,883 3,126 872,009 0.358
Idaho 1,126,812 2 1,126,814 (1)
Illinois 8,153,935 311 8,154,246 0.004
Indiana 4,797,686 2 4,797,688 (1)
Iowa 2,492,910 8 2,492,918 (1)
Kansas 2,286,148 1,709 2,287,857 0.075
Kentucky 3,196,910 278 3,197,188 0.009
Louisiana 3,012,620 1 3,012,621 (1)
Maine 1,038,587 4 1,038,591 (1)
Maryland 4,022,954 42,872 4,065,826 1.054
Massachusetts 4,320,839 62,401 4,383,240 1.424
Michigan 6,215,682 4,959 6,220,641 0.080
Minnesota 3,934,513 4 3,934,517 (1)
Mississippi 1,958,600 5 1,958,605 (1)
Missouri 4,337,047 0 4,337,047 (1)
Montana 792,550 9 792,559 0.001
Nebraska 1,557,743 -2 1,557,741 (1)
Nevada 1,868,413 0 1,868,413 (1)
New Hampshire 939,602 172 939,774 0.018
New Jersey 5,461,412 23,201 5,484,613 0.423
New Mexico 1,534,787 0 1,534,787 (1)
New York 9,445,133 41,894 9,487,027 0.442
North Carolina 5,666,816 2,437,076 8,103,892 30.073
North Dakota 673,309 3 673,312 (1)
Ohio 8,350,922 0 8,350,922 (1)
Oklahoma 2,791,740 9 2,791,749 (1)
Oregon 2,750,778 1 2,750,779 (1)
Pennsylvania 8,774,172 6,897 8,781,069 0.079
Rhode Island 672,178 13,235 685,413 1.931
South Carolina 3,637,020 0 3,637,020 (1)
South Dakota 743,255 1 743,256 (1)
Tennessee 4,514,935 4 4,514,939 (1)
Texas (2) NA NA NA NA
Utah 1,943,746 6 1,943,752 (1)
Vermont 500,041 38 500,079 0.008
Virginia 6,312,905 413 6,313,318 0.007
Washington 4,835,225 1 4,835,226 (1)
West Virginia 1,338,054 10 1,338,064 0.001
Wisconsin 4,098,048 1 4,098,049 (1)
Wyoming 539,771 0 539,771 (1)
United States 195,522,772 2,639,404 198,162,176 1.332%

(1) Less than 0.001 percent.
(2) Texas information is no longer available.

NA=Data not available.

Source: AIPSO.

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Collision Losses

The chart below shows the claim frequency and average loss payment per claim and average loss payment per insured vehicle year under collision coverage for recent model vehicles. The claim frequency is expressed as a rate per 100 insured vehicle years. A vehicle year is equal to 365 days of insurance coverage for a single vehicle.

 

Passenger Vehicle Collision Coverage Insurance Losses, 2013-2015 Model Years

Vehicle type Claim frequency (1) Claim severity
Passenger cars and minivans 8.2 $4,929
Pickups 6.3 4,868
SUVs 6.4 4,902
All passenger vehicles (2) 7.4 $4,916

(1) Per 100 insured vehicle years.
(2) Includes claims from cargo/passenger vans.

Source: Highway Loss Data Institute.

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Consumer Prices

The Bureau of Labor Statistics consumer price index (CPI) tracks changes in the prices paid by consumers for a representative basket of goods and services. The cost of living (all items) rose 0.1 percent in 2015. The cost of motor vehicle insurance and hospital services rose more (5.4 percent and 4.1 percent, respectively). The cost of tenants and household insurance rose 3.2 percent and medical care rose 2.6 percent.

 

Consumer Price Indices For Insurance And Related Items And Annual Rates Of Change, 2006-2015

(Base: 1982-84=100)

  Cost of living
(all items)
Motor vehicle
insurance
Medical care
items
Physicians'
services
Hospital
services (1)
Year Index Percent
change
Index Percent
change
Index Percent
change
Index Percent
change
Index Percent
change
2006 201.6 3.2% 331.8 0.6% 336.2 4.0% 291.9 1.5% 172.1 6.5%
2007 207.3 2.8 333.1 0.4 351.1 4.4 303.2 3.9 183.6 6.7
2008 215.3 3.8 341.5 2.5 364.1 3.7 311.3 2.7 197.2 7.4
2009 214.5 -0.4 357.0 4.5 375.6 3.2 320.8 3.0 210.7 6.9
2010 218.1 1.6 375.2 5.1 388.4 3.4 331.3 3.3 227.2 7.8
2011 224.9 3.2 388.7 3.6 400.3 3.0 340.3 2.7 241.2 6.2
2012 229.6 2.1 402.5 3.6 414.9 3.7 347.3 2.1 253.6 5.1
2013 233.0 1.5 419.4 4.2 425.1 2.5 354.2 2.0 265.4 4.7
2014 236.7 1.6 437.2 4.2 435.3 2.4 359.1 1.4 278.8 5.0
2015 237.0 0.1 460.6 5.4 446.8 2.6 366.1 1.9 290.1 4.1
Percent change,
2006-2015
  17.6%   38.8%   32.9%   25.4%   68.6%

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Consumer Price Indices For Insurance And Related Items And Annual Rates Of Change, 2006-2015 (Cont'd)

(Base: 1982-84=100)

  Motor vehicle body work New vehicles New cars New trucks (2)
Year Index Percent change Index Percent change Index Percent change Index Percent change
2006 224.8 4.6% 137.6 -0.2% 136.4 0.9% 142.9 -1.7%
2007 232.2 3.3 136.3 -1.0 135.9 -0.4 140.7 -1.5
2008 239.7 3.2 134.2 -1.5 135.4 -0.3 137.1 -2.6
2009 248.5 3.7 135.6 1.1 136.7 0.9 138.8 1.3
2010 254.4 2.4 138.0 1.8 138.1 1.0 142.7 2.8
2011 259.9 2.2 141.9 2.8 142.2 3.0 146.5 2.7
2012 264.9 1.9 144.2 1.7 144.2 1.4 149.4 1.9
2013 271.0 2.3 145.8 1.1 144.9 0.5 151.8 1.6
2014 278.0 2.6 146.3 0.3 144.5 -0.3 153.6 1.1
2015 280.8 1.0 147.1 0.6 144.4 -0.1 155.4 1.2
Percent change,
2006-2015
  24.9%   6.9%   5.9%   8.8%

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Consumer Price Indices For Insurance And Related Items And Annual Rates Of Change, 2006-2015

(Base: 1982-84=100)

  Used cars
and trucks
Tenants and
household
insurance (3), (4)
Repair of
household
items (3), (5)
Legal
services
Existing single-
family homes
Year Index Percent
change
Index Percent
change
Index Percent
change
Index Percent
change
Median price
($000)
Percent
change
2006 140.0 0.4% 116.5 -0.9% 154.7 5.0% 250.0 3.4% $222 1.0%
2007 135.7 -3.0 117.0 0.4 161.2 4.2 260.3 4.1 219 -1.3
2008 134.0 -1.3 118.8 1.6 170.0 5.5 270.7 4.0 198 -9.5
2009 127.0 -5.2 121.5 2.2 176.0 3.5 278.1 2.7 173 -12.9
2010 143.1 12.7 125.7 3.5 181.7 3.2 288.1 3.6 173 0.3
2011 149.0 4.1 127.4 1.4 NA NA 297.4 3.2 166 -4.0
2012 150.3 0.9 131.3 3.1 198.7 NA 303.5 2.0 177 6.6
2013 149.9 -0.3 135.4 3.1 206.7 4.0 311.8 2.8 197 11.4
2014 149.1 -0.5 141.9 4.8 212.4 2.8 318.5 2.1 208 5.7
2015 147.1 -1.3 146.4 3.2 220.1 3.6 323.6 1.6 222 6.8
Percent change,
2006-2015
  5.1%   25.7%   42.3%   29.4%   0.2%

(1) December 1996=100.
(2) December 1983=100.
(3) December 1997=100.
(4) Only includes insurance covering rental properties.
(5) Includes appliances, reupholstery and inside home maintenance.

NA=Data not available.

Note: Percent changes after 2007 for consumer price indices and all years for the median price of existing single-family homes calculated from unrounded data.

Source: U.S. Department of Labor, Bureau of Labor Statistics; National Association of Realtors.

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