Facts + Statistics: Auto insurance

Costs and expenditures

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 Association 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 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 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.

79 percent of insured drivers purchase comprehensive coverage in addition to liability insurance, and 75 percent buy collision coverage, based on a Triple-I analysis of 2019 NAIC data.

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 Association of Insurance Commissioners’ auto expenditures data, below.

Average Expenditures For Auto Insurance, 2010-2019

 

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

Source: © 2022 National Association of Insurance Commissioners (NAIC).

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Auto insurance expenditures, by state

The tables below show estimated average expenditures for private passenger automobile insurance by state from 2015 to 2019 and provide 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 spend for insurance.

Expenditures are affected by the coverages purchased as well as other factors. The NAIC does not account for policyholder classifications, vehicle characteristics or the amount of deductibles selected by the policyholder, differences in state auto and tort laws, rate filing laws, traffic conditions and other demographic variables, all of which can significantly affect the cost of coverage. The NAIC notes that three variables—urban population, miles driven per number of highway miles, and disposable income per capita—are correlated with the state auto insurance premiums. It also notes that high-premium states tend to also be highly urban, with higher wage and price levels, and greater traffic density. Many other factors can also affect auto insurance prices.

Top 10 Most Expensive And Least Expensive States For Auto Insurance, 2019 (1)

 

Rank Most expensive states Average expenditure Rank Least expensive states Average expenditure
1 Louisiana $1,557.22 1 Maine $696.37
2 Michigan 1,495.94 2 North Dakota 703.73
3 New York 1,445.30 3 Iowa 714.86
4 District of Columbia 1,440.58 4 Idaho 738.10
5 Florida 1,414.17 5 North Carolina 741.70
6 New Jersey 1,395.53 6 South Dakota 745.33
7 Rhode Island 1,382.64 7 Wisconsin 767.42
8 Nevada 1,292.52 8 Wyoming 776.22
9 Delaware 1,289.93 9 Indiana 777.05
10 Georgia 1,259.49 10 Vermont 785.37

(1) Based on average automobile insurance expenditures.

Source: © 2022 National Association of Insurance Commissioners (NAIC).

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Average Expenditures For Auto Insurance By State, 2015-2019

 

  2019 2018   Average expenditure
State Liability Collision Compre-
hensive
Average
expenditure
Rank (1) Average
expenditure
Rank (1) Average
expenditure
percent change
2018-2019
2017 2016 2015
Alabama  $527.20 $390.19 $180.11 $932.14 29 $906.36 31 2.8% $857.56 $791.39 $739.93
Alaska  584.90 401.87 155.11 991.09 21 965.45 23 2.7 931.43 911.37 915.59
Arizona  662.55 327.86 208.38 1,063.93 18 1,049.00 17 1.4 997.60 926.76 877.11
Arkansas  484.37 372.65 240.54 897.92 32 899.11 32 -0.1 849.37 781.00 742.44
California  627.77 495.18 96.53 1,051.79 19 1,033.97 19 1.7 965.05 898.84 840.66
Colorado  704.82 332.26 298.01 1,174.87 14 1,133.14 15 3.7 1,052.61 945.59 869.84
Connecticut  799.45 412.78 134.01 1,237.55 11 1,217.25 11 1.7 1,168.79 1,108.67 1,074.96
Delaware  897.87 354.76 136.31 1,289.93 9 1,291.51 8 -0.1 1,224.85 1,173.97 1,146.45
D.C. 819.36 539.48 221.94 1,440.58 4 1,429.36 3 0.8 1,336.73 1,258.46 1,206.03
Florida  997.20 355.69 153.00 1,414.17 5 1,427.23 4 -0.9 1,353.35 1,262.25 1,190.50
Georgia  829.86 420.60 180.37 1,259.49 10 1,218.18 10 3.4 1,134.33 1,006.28 929.72
Hawaii 478.83 370.53 106.29 839.87 37 829.16 37 1.3 804.05 780.42 761.06
Idaho  433.66 270.36 142.89 738.10 48 722.14 47 2.2 679.28 633.40 599.02
Illinois  521.11 351.27 144.65 939.64 26 918.82 27 2.3 899.62 852.81 811.40
Indiana  444.98 288.97 138.86 777.05 43 771.23 43 0.8 747.98 705.52 671.16
Iowa  350.31 250.96 221.72 714.86 49 700.70 49 2.0 674.93 635.99 608.94
Kansas  426.14 285.92 286.48 818.99 39 806.67 39 1.5 768.50 719.73 708.98
Kentucky  609.98 307.91 168.11 935.61 27 951.86 24 -1.7 910.99 840.04 801.75
Louisiana  1,023.91 485.01 252.34 1,557.22 1 1,549.98 1 0.5 1,449.48 1,328.80 1,254.37
Maine  375.40 297.60 115.26 696.37 51 687.47 50 1.3 668.07 646.64 619.16
Maryland 749.18 430.21 168.01 1,236.61 12 1,211.87 12 2.0 1,150.74 1,081.81 1,020.68
Massachusetts  664.92 447.05 149.86 1,182.69 13 1,167.16 13 1.3 1,136.60 1,096.53 1,058.50
Michigan 979.47 478.54 162.01 1,495.94 2 1,471.65 2 1.7 1,361.65 1,304.11 1,268.10
Minnesota  502.32 274.20 214.55 892.17 33 872.82 33 2.2 841.11 809.56 791.72
Mississippi 544.43 364.63 238.95 975.58 23 973.86 22 0.2 933.01 879.13 840.48
Missouri  527.59 318.44 223.94 929.91 30 916.77 29 1.4 872.16 807.52 758.33
Montana  437.69 286.02 313.27 834.86 38 825.90 38 1.1 784.76 730.99 704.70
Nebraska  431.71 272.97 269.19 807.30 40 796.89 41 1.3 768.22 722.68 693.87
Nevada  925.71 374.59 119.19 1,292.52 8 1,262.25 9 2.4 1,143.54 1,062.42 1,012.70
New Hampshire  442.52 334.15 120.48 864.35 34 848.17 36 1.9 824.77 801.96 775.17
New Jersey  958.31 422.29 129.97 1,395.53 6 1,385.53 6 0.7 1,351.08 1,306.73 1,274.30
New Mexico  584.25 315.88 222.43 932.67 28 915.74 30 1.8 871.03 819.68 794.54
New York  932.46 469.82 172.85 1,445.30 3 1,425.39 5 1.4 1,350.50 1,303.15 1,245.32
North Carolina  392.06 344.07 138.40 741.70 47 727.09 46 2.0 693.13 666.37 639.01
North Dakota  312.30 284.09 264.98 703.73 50 686.09 51 2.6 662.31 639.13 637.24
Ohio  447.86 303.55 131.37 802.72 41 802.21 40 0.1 784.51 743.12 714.47
Oklahoma  504.79 338.87 270.19 908.95 31 918.03 28 -1.0 898.48 854.78 826.43
Oregon  684.81 281.69 109.76 990.00 22 990.30 21 0.0 962.41 889.03 831.80
Pennsylvania  548.58 383.01 171.18 992.33 20 996.64 20 -0.4 966.22 915.96 881.13
Rhode Island  918.30 491.19 141.03 1,382.64 7 1,348.83 7 2.5 1,300.64 1,230.90 1,170.98
South Carolina  715.26 317.95 211.29 1,114.90 16 1,098.57 16 1.5 1,025.22 930.76 870.57
South Dakota  337.11 248.09 347.61 745.33 46 721.76 48 3.3 696.09 652.30 624.52
Tennessee  479.43 353.43 168.07 863.39 35 858.20 34 0.6 823.28 778.80 753.73
Texas  650.17 434.46 285.56 1,143.85 15 1,152.25 14 -0.7 1,096.82 1,008.91 934.22
Utah  615.15 308.40 127.15 954.14 24 941.19 25 1.4 891.08 829.39 792.20
Vermont  374.06 333.38 148.88 785.37 42 777.93 42 1.0 762.54 732.96 700.46
Virginia  491.51 323.76 149.42 861.18 36 855.75 35 0.6 821.42 785.59 756.46
Washington  705.11 325.38 121.13 1,066.84 17 1,035.59 18 3.0 994.88 935.35 890.18
West Virginia  515.20 352.97 225.50 946.03 25 938.78 26 0.8 914.16 897.94 883.34
Wisconsin  421.21 250.73 168.52 767.42 45 756.20 45 1.5 732.20 701.47 670.98
Wyoming  356.08 292.37 335.04 776.22 44 765.83 44 1.4 744.50 714.17 692.05
United States $650.35 $381.43 $171.87 $1,070.47   $1,059.41   1.0% $1,008.52 $945.02 $896.66

(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: © 2022 National Association of Insurance Commissioners (NAIC).

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Auto Insurance Affordability

Louisiana, Florida and Michigan are the least affordable states for auto insurance, while Iowa is the most affordable state, according to a study from the Insurance Research Council (IRC). The report, Auto Insurance Affordability: Countrywide Trends and State Comparisons, looks at the auto insurance expenditure share of income, which ranges from a low of 1.02 percent in Iowa for 2018, the latest data available, to a high of 3.09 percent in Louisiana. U.S. households on average spent 1.67 percent of their income on auto insurance. The IRC developed an affordability index based on average auto insurance expenditures published by the National Association of Insurance Commissioners (NAIC) (see charts here) and median household income from the U.S. Census Bureau. According to the IRC, Louisiana, Florida, and Michigan have maintained their respective rankings as the first, second, and third least affordable states since 2014. The IRC notes that since the index is a ratio, some states with high average auto insurance expenditures rate lower on the affordability rankings because of higher-than-average median income (such as DC), while other states are pushed up the ranks of least affordable states by having low median household income (such as Mississippi). The analysis discusses the affordability of auto insurance for the overall population and does not address the issue of affordability among underserved populations.

Average Auto Insurance Expenditures As A Percent of Median Household Income, 2018 (1)

 

Rank State Percent Rank State Percent
1 Louisiana 3.09% 27 Oregon 1.43%
2 Florida 2.61 28 Montana 1.43
3 Michigan 2.43 29 Maryland 1.41
4 Mississippi 2.27 30 Alaska 1.40
5 Georgia 2.17 31 North Carolina 1.38
6 Rhode Island 2.14 32 Massachusetts 1.35
7 New York 2.12 33 Illinois 1.31
8 Nevada 2.04 34 Washington 1.30
9 Delaware 1.99 35 Ohio 1.29
10 Texas 1.93 36 Indiana 1.28
11 New Mexico 1.90 37 Kansas 1.26
12 South Carolina 1.90 38 Idaho 1.23
13 New Jersey 1.87 39 Minnesota 1.22
14 West Virginia 1.86 40 Utah 1.22
15 Arkansas 1.81 41 Wyoming 1.22
16 Alabama 1.81 42 Wisconsin 1.21
17 Kentucky 1.72 43 South Dakota 1.21
18 Arizona 1.68 44 Nebraska 1.18
19 Oklahoma 1.68 45 Maine 1.17
20 DC 1.67 46 Virginia 1.11
21 Connecticut 1.67 47 Vermont 1.11
22 Colorado 1.55 48 Hawaii 1.04
23 Pennsylvania 1.54 49 New Hampshire 1.04
24 Tennessee 1.53 50 North Dakota 1.03
25 Missouri 1.48 51 Iowa 1.02
26 California 1.47   Total U.S. 1.67%

(1) Data are for IRC's affordability index based on average auto insurance expenditures published by the National Association of Insurance Commissioners (NAIC) (see charts here) and median household income from the U.S. Census Bureau.

Source: Auto Insurance Affordability: Countrywide Trends and State Comparisons, Insurance Research Council.

Premiums

Private Passenger Automobile Insurance, 2012-2021

($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)
2012 $103,429,677 3.0% 103.2 -0.6 pts. $64,619,667 2.7% 100.2 0.6 pts.
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 0.2 71,096,640 5.4 100.2 1.5
2015 116,305,809 3.5 107.9 4.2 76,486,433 7.6 99.4 -0.8
2016 124,439,721 7.0 109.4 1.5 82,931,826 8.4 101.5 2.1
2017 133,745,174 7.5 105.5 -3.9 88,489,745 6.7 98.3 -3.2
2018 144,450,175 8.0 100.5 -5.0 96,475,072 9.0 93.7 -4.6
2019 147,289,907 2.0 101.6 1.1 100,438,313 4.1 94.6 0.9
2020 144,115,139 -2.2 94.8 -6.7 99,607,381 -0.8 89.2 -5.3
2021 147,509,249 2.4 100.4 5.6 103,789,657 4.2 104.1 14.9

(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, 2021

($000)

Rank Group/company Direct premiums written (1) Market share (2)
1 State Farm Mutual Automobile Insurance $41,665,754 16.0%
2 Berkshire Hathaway Inc. 37,422,558 14.4
3 Progressive Corp. 35,852,921 13.8
4 Allstate Corp. 27,221,928 10.4
5 USAA Insurance Group 15,738,749 6.0
6 Liberty Mutual 13,257,306 5.1
7 Farmers Insurance Group of Companies 12,441,182 4.8
8 Nationwide Mutual  Group 5,565,737 2.1
9 American Family Insurance Group 5,488,677 2.1
10 Travelers Companies Inc. 5,328,115 2.0

(1) Before reinsurance transactions, includes state funds.
(2) Based on U.S. total, includes territories.

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, 2012-2021 (1)

 

  Liability
  Bodily injury (2) Property damage (3)
Year Claim frequency (4) Claim severity (5), (6) Claim frequency (4) Claim severity (5), (6)
2012 0.95 $14,690 3.50 $3,073
2013 0.95 15,441 3.55 3,231
2014 0.97 15,384 3.41 3,516
2015 0.89 17,014 3.45 3,628
2016 1.04 16,082 3.41 3,969
2017 1.08 16,143 3.42 4,084
2018 1.09 17,102 3.30 4,288
2019 1.07 18,204 3.22 4,486
2020 0.90 19,691 2.42 4,959
2021 0.78 22,734 2.28 5,314
  Physical damage (7)
  Collision Comprehensive (8)
Year Claim frequency (4) Claim severity (5) Claim frequency (4), (9) Claim severity (5), (9)
2012 5.57 $2,950 2.62 $1,585
2013 5.71 3,144 2.57 1,621
2014 5.93 3,169 2.79 1,572
2015 6.01 3,377 2.62 1,679
2016 5.51 3,454 2.30 1,951
2017 5.63 3,382 2.43 1,984
2018 5.63 3,533 2.58 1,957
2019 5.66 3,673 2.78 1,929
2020 4.26 3,736 2.70 2,037
2021 4.20 5,010 3.15 2,042

(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 earned 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.
(9) Includes glass losses.

Source: ISO®, a Verisk Analytics® business.

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  • In 2018, 1.1 percent of people with liability insurance had a bodily injury liability claim, while 3.9 percent of those with liability insurance had a property damage liability claim, according to ISO.
  • In 2018, 6.1 percent of collision insurance policyholders had a claim, while 3.0 percent of people with comprehensive coverage had a claim.
  • In 2018 the average auto liability claim for property damage was $3,841; the average auto liability claim for bodily injury was $15,785.
  • In 2018 the average collision claim was $3,574; the average comprehensive claim was $1,833.

Incurred Losses For Auto Insurance, 2017-2021 (1)

($000)

  2017 2018 2019 2020 2021
Private passenger auto          
     Liability $90,495,835 $91,736,331 $96,183,910 $81,622,205 $96,104,094
     Physical damage $57,052,411 $58,766,743 $62,636,230 $54,684,358 $73,846,463
Commercial auto          
     Liability $15,528,570 $17,810,709 $20,402,267 $19,315,713 $21,110,314
     Physical damage $4,874,748 $4,999,100 $5,395,145 $4,813,714 $5,766,122
Total $167,951,564 $173,312,883 $184,617,552 $160,435,990 $196,826,993

(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. These systems are commonly known as assigned risk plans. Assigned risk and other plans are known in the insurance industry as the shared, or residual, market. In assigned risk plans, high-risk policyholders are proportionally assigned to insurance companies doing business in the state. In the voluntary, or regular, market, auto insurers are free to select policyholders.

Motorists can also obtain auto insurance from the nonstandard portion of the private market. The nonstandard market is a niche market for drivers who have a worse than average driving record or drive specialized vehicles such as high-powered sports cars or 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.

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, 2018-2020 Model Years

 

  Claim frequency (1) Claim severity  Overall loss (2)
Passenger cars (3) 7.2 $6,831 $495
Pickups 5.5 6,925 381
SUVs 5.5 6,816 377
All passenger vehicles (4) 6.1 $6,839 $419

(1) Per 100 insured vehicle years.
(2) Represents the average loss payment per insured vehicle year.
(3) Includes minivans.
(4) 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 4.7 percent in 2021. The cost of motor vehicle insurance increased 3.8 percent after a 4.6 percent decline in 2020, when drivers reduced their driving due to the COVID-19 pandemic. The cost of tenants and household insurance declined slightly, down 0.3 percent. Used cars and trucks increased a significant 26.6 percent and the median price of a single-family home increased 17.7 percent and nearly 100 percent since 2012.

Consumer Price Indices For Insurance And Related Items And Annual Rates Of Change, 2012-2021

(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
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
2016 240.0 1.3 489.1 6.2 463.7 3.8 378.1 3.3 303.3 4.5
2017 245.1 2.1 526.9 7.7 475.3 2.5 380.1 0.5 318.2 4.9
2018 251.1 2.4 566.0 7.4 484.7 2.0 380.5 0.1 332.2 4.4
2019 255.7 1.8 571.0 0.9 498.4 2.8 383.2 0.7 338.8 2.0
2020 258.8 1.2 544.6 -4.6 518.9 4.1 389.9 1.7 353.0 4.2
2021 271.0 4.7 565.3 3.8 525.3 1.2 406.5 4.3 363.5 3.0
Percent change,
2012-2021
  18.0%   40.5%   26.6%   17.0%   43.4%

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Consumer Price Indices For Insurance And Related Items And Annual Rates Of Change, 2012-2021 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
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
2016 287.6 2.4 147.4 0.2 143.7 -0.5 156.4 0.6
2017 294.5 2.4 147.0 -0.2 142.7 -0.7 156.6 0.1
2018 302.7 2.8 146.3 -0.5 142.0 -0.5 155.8 -0.5
2019 313.5 3.5 146.8 0.4 142.8 0.6 156.3 0.3
2020 324.7 3.6 147.6 0.5 144.0 0.8 157.1 0.5
2021 343.0 5.6 156.2 5.9 152.0 5.6 166.7 6.1
Percent change,
2012-2021
  29.5%   8.3%   5.4%   11.6%

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Consumer Price Indices For Insurance And Related Items And Annual Rates Of Change, 2012-2021 (Cont'd)

(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
2012 150.3 0.9% 131.3 3.1% 198.7 NA 303.5 2.0% 177 6.5%
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 1.6 224 7.5
2016 143.5 -2.5 147.7 0.9 226.3 2.8 334.5 3.4 236 5.2
2017 138.3 -3.6 148.8 0.7 239.3 5.8 346.4 3.6 247 5.6
2018 138.4 0.1 150.7 1.3 253.7 6.0 361.2 4.3 262 5.1
2019 139.8 1.0 151.8 0.7 268.7 5.9 364.8 1.0 275 5.0
2020 144.2 3.2 151.1 -0.5 270.0 0.5 368.7 1.1 300 9.3
2021 182.6 26.6 150.7 -0.3 NA NA 374.4 1.5 353 17.7
Percent change,
2012-2021
  21.5%   14.8%   NA   23.4%   99.4%

(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 are calculated from unrounded data.

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

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