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2002–2006 US Auto Insurance Expenditures
By State

(Rev. 08/09)

In 2008, the National Association of Insurance Commissioners (NAIC) released figures showing the annual insurance expenditure by state. Figures revealed that Ohio’s average annual auto insurance expenditure in 2006 was $654, making it $163 lower than the national average of $817.

Based on an Insurance Information Institute (III) analysis of the data, Ohio ranked 39th in comparison to other states. The District of Columbia drivers’ expenditures ranked first ($1,164) while motorists in North Dakota were 51st ($530).

The average auto insurance expenditure is a measure of what consumers actually spend for insurance on each vehicle. This measure assumes that all insured vehicles in a state carry liability coverage but not necessarily collision and other than collision (comprehensive) coverages. It’s worth noting that expenditure figures can be impacted by a variety of non-insurance factors. For instance, if a state’s economy is flourishing and residents purchase more new vehicles in a year, more than likely they would purchase collision and comprehensive coverages, thus creating a higher average expenditure. Other factors that affect auto insurance prices include urban population, traffic density, income, auto laws, the economy, labor costs, liability insurance coverage requirements and auto theft.

2002–2006 Average State Expenditures For Auto Insurance

¹ Ranked by average expenditure
² Preliminary

Average Expenditure=Total written premium/Liability Car-Years. A car-year is equal to 365 days of insured coverage for a single vehicle. An estimate of what consumers spend for auto insurance on each vehicle.

Source:2008 National Association of Insurance Commissioners. The NAIC does not rank State Average Expenditures and does not endorse any conclusion drawn from this data. Ranking data provided by Insurance Information Institute.

2002–2006 Ohio & US Average Expenditures for Auto Insurance

2006 Ohio & US Average Expenditures for Auto Insurance
by Type of Auto Insurance Coverage

Average Expenditure=Total written premium/Liability Car-Years. A car-year is equal to 365 days of insured coverage for a single vehicle. An estimate of what consumers spend for auto insurance on each vehicle.

Source: 2008 National Association of Insurance Commissioners. NAIC does not rank state average expenditures and does not endorse any conclusion drawn from these data.

The Ohio Department of Insurance reports that the top 10 auto insurance writers in the Buckeye state averaged close to a 0.8% premium decrease over the past five years (2004-08).