Facts + Statistics: Auto insurance

Costs and expenditures

The countrywide average auto insurance expenditure rose 5.3 percent to $935.80 in 2016 from $889.09 in 2015, according to the National Association of Insurance Commissioners. In 2016 (the latest data available), the average expenditure was highest in New Jersey ($1,309.29), followed by Louisiana ($1,302.11), and New York ($1,301.64).

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.

AAA’s 2018 Your Driving Costs study found that the average cost to own and operate a 2018 model vehicle was $8,849 in 2018. The average insurance cost for medium sedans was $1,232. 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, no accidents and lives in a suburban/urban location 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. Figures are not comparable with the National Association of Insurance Commissioners’ Auto Expenditures data below.

Average Expenditures For Auto Insurance, 2007-2016

 

Year Average expenditure Percent change
2007 $798.54 -2.4%
2008 790.66 -1.0
2009 786.65 -0.5
2010 789.29 0.3
2011 795.01 0.7
2012 812.40 2.2
2013 838.61 3.2
2014 865.46 3.2
2015 889.09 2.7
2016 935.80 5.3

Source: © 2018 National Association of Insurance Commissioners (NAIC).

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  • 77 percent of insured drivers purchase comprehensive coverage in addition to liability insurance, and 73 percent buy collision coverage, based on an I.I.I. analysis of 2016 NAIC data.

Auto insurance expenditures, by state

The tables below show estimated average expenditures for private passenger automobile insurance by state from 2012 to 2016, 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 with a healthy economy, 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 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. Other factors can also affect auto insurance prices.

Top 10 Most Expensive And Least Expensive States For Automobile Insurance, 2016 (1)

 

Rank Most expensive states Average expenditure Rank Least expensive states Average expenditure
1 New Jersey  $1,309.29 1 Idaho  $599.77
2 Louisiana  1,302.11 2 Iowa  628.10
3 New York  1,301.64 3 North Dakota  639.10
4 Michigan  1,270.70 4 South Dakota  648.01
5 Florida  1,259.55 5 Maine  650.38
6 D.C. 1,246.80 6 Wyoming  677.53
7 Rhode Island  1,193.58 7 Wisconsin  688.32
8 Delaware  1,159.86 8 Vermont  691.56
9 Massachusetts  1,096.53 9 Indiana  692.29
10 Connecticut  1,086.17 10 North Carolina  699.91

(1) Based on average automobile insurance expenditures.

Source: © 2018 National Association of Insurance Commissioners (NAIC).

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Average Expenditures For Auto Insurance By State, 2012-2016

 

  2016 2015   Average expenditure
State Liability Collision Compre-
hensive
Average
expenditure
Rank (1) Average
expenditure
Rank (1) Average
expenditure
percent change,
2015-2016
2014 2013 2012
Alabama  $423.98 $337.50 $163.16 $769.20 36 $722.89 37 6.4% $695.06 $673.51 $659.06
Alaska  525.35 356.45 138.67 859.15 23 872.39 17 -1.5 883.60 889.29 873.15
Arizona  539.68 290.88 191.86 890.74 20 843.89 21 5.6 837.24 811.45 781.71
Arkansas  413.17 340.33 196.58 771.55 35 736.43 36 4.8 728.65 703.04 679.46
California  520.81 423.75 99.73 892.55 19 841.45 22 6.1 807.58 782.57 752.78
Colorado  570.10 307.27 194.65 935.39 15 857.52 18 9.1 821.19 777.95 737.95
Connecticut  678.41 383.38 131.25 1,086.17 10 1,048.56 10 3.6 1,031.70 1,011.28 986.73
Delaware  800.20 330.90 128.01 1,159.86 8 1,145.66 8 1.2 1,125.74 1,101.12 1,065.37
D.C. 674.79 477.17 228.59 1,246.80 6 1,202.16 5 3.7 1,191.47 1,187.54 1,154.91
Florida  903.30 312.33 123.10 1,259.55 5 1,185.31 6 6.3 1,140.85 1,143.98 1,128.54
Georgia  612.41 351.95 164.71 966.00 14 896.50 14 7.8 839.94 800.58 768.34
Hawaii 459.78 327.79 103.02 781.90 33 762.75 31 2.5 751.61 739.26 735.17
Idaho  358.45 229.83 122.90 599.77 51 573.83 51 4.5 571.74 553.38 534.56
Illinois  467.99 322.33 131.89 836.67 27 803.64 26 4.1 775.24 744.75 731.31
Indiana  399.15 264.22 126.48 692.29 43 666.74 43 3.8 642.27 621.77 637.46
Iowa  311.99 231.81 193.99 628.10 50 599.03 50 4.9 585.71 572.14 561.26
Kansas  366.67 269.98 246.23 713.50 39 698.45 39 2.2 688.82 660.29 632.07
Kentucky  548.90 280.74 147.32 838.89 26 801.97 27 4.6 783.06 772.80 759.70
Louisiana  835.28 438.37 222.45 1,302.11 2 1,231.77 3 5.7 1,192.92 1,146.29 1,112.53
Maine  354.95 273.79 105.29 650.38 47 617.73 48 5.3 606.90 592.82 582.71
Maryland 646.54 375.51 158.50 1,076.56 11 1,016.73 11 5.9 1,001.16 979.15 966.29
Massachusetts  623.01 408.17 139.30 1,096.53 9 1,058.50 9 3.6 1,035.52 1,007.98 976.65
Michigan 812.16 436.72 158.69 1,270.70 4 1,231.39 4 3.2 1,227.36 1,131.46 1,048.87
Minnesota  466.75 244.98 188.95 808.00 29 787.74 28 2.6 772.51 744.53 718.61
Mississippi 471.70 344.01 220.01 858.64 24 827.31 24 3.8 796.99 768.20 748.44
Missouri  444.65 291.35 189.68 791.03 31 745.04 34 6.2 724.15 704.22 683.82
Montana  388.16 270.43 232.81 706.88 41 692.48 40 2.1 694.67 677.83 658.42
Nebraska  381.80 248.74 234.45 708.36 40 681.54 41 3.9 658.79 638.67 616.78
Nevada  713.15 318.36 116.39 1,026.22 12 990.17 12 3.6 969.66 935.90 905.82
New Hampshire  410.61 319.85 114.86 801.52 30 775.03 30 3.4 751.28 733.02 717.15
New Jersey  902.97  390.94 131.04 1,309.29 1 1,265.58 1 3.5 1,263.69 1,254.39 1,220.00
New Mexico  495.33 290.17 178.38 780.79 34 762.37 32 2.4 749.43 722.66 695.09
New York  840.00 414.27 178.10 1,301.64 3 1,234.87 2 5.4 1,208.89 1,181.91 1,151.78
North Carolina  370.54 321.05 145.12 699.91 42 655.37 46 6.8 643.84 624.76 611.18
North Dakota  296.56 248.18 228.79 639.10 49 637.54 47 0.2 630.24 606.56 576.08
Ohio  407.68 284.94 124.30 726.95 38 702.63 38 3.5 682.71 659.37 634.91
Oklahoma  476.10 331.07 233.14 850.62 25 825.92 25 3.0 807.81 768.25 740.11
Oregon  622.14 238.91 96.94 877.09 21 828.03 23 5.9 818.84 783.46 741.51
Pennsylvania  515.38 346.32 155.47 918.11 18 878.20 16 4.5 858.10 841.42 827.75
Rhode Island  790.13 438.86 135.57 1,193.58 7 1,146.97 7 4.1 1,106.09 1,066.27 1,034.52
South Carolina  571.62 284.41 190.67 922.66 17 853.53 20 8.1 824.59 794.40 772.14
South Dakota  310.82 219.21 277.34 648.01 48 615.78 49 5.2 601.33 579.37 556.51
Tennessee  423.47 322.28 153.22 759.99 37 737.28 35 3.1 724.80 704.20 673.90
Texas  575.17 403.29 215.84 1,008.91 13 934.22 13 8.0 905.64 864.24 823.80
Utah  523.73 276.41 113.49 824.46 28 784.10 29 5.1 766.27 733.51 713.20
Vermont  344.81 310.77 134.78 691.56 44 680.18 42 1.7 665.17 655.66 643.47
Virginia  446.10 295.50 142.30 785.82 32 750.81 33 4.7 743.15 718.73 691.80
Washington  621.27 281.24 108.87 924.47 16 884.23 15 4.6 871.82 838.30 809.56
West Virginia  493.72 339.00 208.95 870.23 22 855.25 19 1.8 870.84 858.85 846.74
Wisconsin  385.51 238.26 143.62 688.32 45 664.81 44 3.5 646.47 621.07 598.84
Wyoming  329.06 284.65 263.98 677.53 46 656.64 45 3.2 668.81 639.51 623.70
United States $566.51 $342.40 $153.32 $935.80   $889.09   5.3% $865.46 $838.61 $812.40

(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: © 2018 National Association of Insurance Commissioners (NAIC).

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Premiums

Private Passenger Automobile Insurance, 2008-2017

($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)
2008 $94,545,647 -0.5% 103.5 1.7 pts. $64,054,581 -1.0% 95.8 2.4 pts.
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 0.2 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 124,427,571 7.0 109.4 1.5 82,930,260 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

(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 data.

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, 2018

($000)

Rank Group/company Direct premiums written (1) Market share (2)
1 State Farm Mutual Automobile Insurance $41,963,578 17.0%
2 Berkshire Hathaway Inc. 33,075,434 13.4
3 Progressive Corp. 27,058,768 11.0
4 Allstate Corp. 22,663,214 9.2
5 USAA Insurance Group 14,467,936 5.9
6 Liberty Mutual 11,776,654 4.8
7 Farmers Insurance Group of Companies 10,496,476 4.3
8 Nationwide Mutual Group 6,726,799 2.7
9 American Family Insurance Group 4,975,128 2.0
10 Travelers Companies Inc. 4,697,743 1.9

(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, 2008-2017 (1)

 

  Liability
  Bodily injury (2) Property damage (3)
Year Claim frequency (4) Claim severity (5), (6) Claim frequency (4) Claim severity (5), (6)
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 16,642 3.65 3,289
2015 0.91 16,745 3.72 3,484
2016 1.00 16,141 3.85 3,687
2017 1.10 15,270 4.00 3,638
  Physical damage (7)
  Collision Comprehensive (8)
Year Claim frequency (4) Claim severity (5) Claim frequency (4), (9) Claim severity (5), (9)
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 5.93 3,169 2.79 1,572
2015 6.01 3,377 2.72 1,679
2016 6.12 3,444 2.76 1,750
2017 6.15 3,425 2.85 1,817

(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.
(9) Includes glass losses.

Source: ISO®, a Verisk Analytics® business.

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  • In 2017, 1.1 percent of people with liability insurance had a bodily injury liability claim, while 4.0 percent of those with liability insurance had a property damage liability claim, according to ISO.
  • In 2017, 6.2 percent of collision insurance policyholders had a claim, while 2.9 percent of people with comprehensive coverage had a claim.
  • In 2017 the average auto liability claim for property damage was $3,638; the average auto liability claim for bodily injury was $15,270.
  • In 2017 the average collision claim was $3,425; the average comprehensive claim was $1,817.

Incurred Losses For Auto Insurance, 2013-2017 (1)

($000)

  2013 2014 2015 2016 2017
Private passenger auto          
     Liability $67,879,783 $72,008,280 $79,098,617 $88,249,238 $90,495,283
     Physical damage 41,754,861 45,301,757 48,564,511 55,738,221 57,052,411
Commercial auto          
     Liability 11,305,714 11,957,182 13,587,152 14,987,073 15,519,716
     Physical damage 3,255,570 3,645,335 3,902,124 4,279,414 4,874,748
Total $124,195,928 $132,912,554 $145,152,404 $163,253,946 $167,942,158

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period on a direct basis before reinsurance.

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, 2015

 

State Voluntary market Shared market Total Shared market as a percent of total
Alabama 3,807,469 1 3,807,470 (1)
Alaska 509,494 18 509,512 0.004%
Arizona 4,671,918 0 4,671,918 (1)
Arkansas 2,250,787 2 2,250,789 (1)
California 26,312,194 239 26,312,433 0.001
Colorado 4,187,782 0 4,187,782 (1)
Connecticut 2,532,825 81 2,532,906 0.003
Delaware 665,075 4 665,079 0.001
D.C. 256,184 65 256,249 0.025
Florida 12,740,030 90 12,740,120 0.001
Georgia 7,541,982 0 7,541,982 (1)
Hawaii 887,514 2,767 890,281 0.311
Idaho 1,358,875 1 1,358,876 (1)
Illinois 8,267,931 263 8,268,194 0.003
Indiana 4,881,984 3 4,881,987 (1)
Iowa 2,544,511 7 2,544,518 (1)
Kansas 2,344,275 1,644 2,345,919 0.070
Kentucky 3,256,990 352 3,257,342 0.011
Louisiana 3,029,199 5 3,029,204 (1)
Maine 1,050,156 5 1,050,161 (1)
Maryland 4,103,099 45,276 4,148,375 1.091
Massachusetts 4,382,442 59,907 4,442,349 1.349
Michigan 6,483,696 3,964 6,487,660 0.061
Minnesota 4,042,588 1 4,042,589 (1)
Mississippi 1,968,741 7 1,968,748 (1)
Missouri 4,411,371 3 4,411,374 (1)
Montana 891,195 7 891,202 0.001
Nebraska 1,594,471 1 1,594,472 (1)
Nevada 1,959,151 5 1,959,156 (1)
New Hampshire 952,617 134 952,751 0.014
New Jersey 5,562,788 17,096 5,579,884 0.306
New Mexico 1,589,949 0 1,589,949 (1)
New York 9,603,497 37,988 9,641,485 0.394
North Carolina 5,801,945 2,527,547 8,329,492 30.345
North Dakota 683,291 3 683,294 (1)
Ohio 8,451,516 0 8,451,516 (1)
Oklahoma 2,958,973 9 2,958,982 (1)
Oregon 2,835,071 3 2,835,074 (1)
Pennsylvania 8,875,394 6,171 8,881,565 0.069
Rhode Island 686,338 14,908 701,246 2.126
South Carolina 3,788,647 0 3,788,647 (1)
South Dakota 761,533 0 761,533 (1)
Tennessee 4,686,626 6 4,686,632 (1)
Texas (2) NA NA NA NA
Utah 2,022,667 1 2,022,668 (1)
Vermont 506,275 35 506,310 0.007
Virginia 6,324,114 398 6,324,512 0.006
Washington 4,838,049 5 4,838,054 (1)
West Virginia 1,364,829 9 1,364,838 0.001
Wisconsin 4,167,640 2 4,167,642 (1)
Wyoming 566,581 0 566,581 (1)
United States 199,962,269 2,719,033 202,681,302 1.342%

(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, 2015-2017 Model Years

 

  Claim frequency (1) Claim severity Overall loss
Passenger cars and minivans 8.5 $5,580 $472
Pickups 6.4 5,556 356
SUVs 6.6 5,562 367
All passenger vehicles (2) 7.4 $5,573 $415

(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 2.4 percent in 2018. The cost of motor vehicle insurance and hospital services rose faster (7.4 percent and 4.4 percent, respectively). The cost of tenants and household insurance rose 1.3 percent, and medical care rose 2.0 percent.

Consumer Price Indices For Insurance And Related Items And Annual Rates Of Change, 2009-2018

(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
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
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
Percent change
2009-2018
  17.0%   58.5%   29.0%   18.6%   57.7%

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Consumer Price Indices For Insurance And Related Items And Annual Rates Of Change, 2009-2018 (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
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
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
Percent change
2009-2018
  21.8%   7.9%   3.9%   12.2%

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Consumer Price Indices For Insurance And Related Items And Annual Rates Of Change, 2009-2018 (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
2009 127.0 -5.2% 121.5 2.2% 176.0 3.5% 278.1 2.7% $172 -13.1%
2010 143.1 12.7 125.7 3.5 181.7 3.2 288.1 3.6 173 0.6
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 2 177 6.6
2013 149.9 -0.3 135.4 3.1 206.7 4.0 311.8 2.8 197 11.3
2014 149.1 -0.5 141.9 4.8 212.4 2.8 318.5 2.1 208 5.6
2015 147.1 -1.3 146.4 3.2 220.1 3.6 323.6 1.6 224 7.7
2016 143.5 -2.5 147.7 0.9 226.3 2.8 334.5 3.4 236 5.4
2017 138.3 -3.6 148.8 0.7 239.3 5.8 346.4 3.6 249 5.5
2018 138.4 0.1 150.7 1.3 253.7 6.0 361.2 4.3 262 5.2
Percent change
2009-2018
  9.0%   24.1%   44.1%   29.9%   52.3%

(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.

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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