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<p class="has-black-color has-text-color has-large-font-size">Like it or not, auto insurance is a fact of life. The average American&nbsp;pays $1,674 a year or about $140 a month on auto insurance. Nearly 215 million drivers carry car insurance in the U.S, and the industry as a whole is worth about $311 billion as of 2019, according to IBISWorld.</p>
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<h2 class="has-black-color has-text-color has-extra-large-font-size" id="stats">Key auto insurance statistics</h2>
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<h3 class="has-black-color has-text-color has-extra-large-font-size">How much is auto insurance?</h3>
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<ul class="has-black-color has-text-color has-large-font-size"><li><strong>The average auto insurance premium is&nbsp;$1,674&nbsp;a year</strong>&nbsp;or about $140 a month.</li><li><strong>About&nbsp;2.44% of the average household income&nbsp;is spent on auto insurance.</strong></li><li><strong>Auto insurance rates are on the rise.</strong>&nbsp;According to the NAIC,&nbsp;a 5% increase&nbsp;was observed between 2017 and 2018.</li><li><strong>Nearly 215 million drivers carry car insurance</strong>&nbsp;in the U.S., according to Review42.</li><li><strong>12.6% of drivers on the road are uninsured,</strong>&nbsp;according to the Insurance Research Council.</li><li>The auto insurance industry is worth about $311 billion, as of 2019 data from IBISWorld.</li><li><strong>Motor vehicle crashes cost almost $1 trillion in losses a year,</strong>&nbsp;according to&nbsp;NHTSA 2010 data.</li><li><strong>10 million or more crashes go unreported each year,</strong>&nbsp;according to the NHTSA.</li></ul>
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<h2 class="has-black-color has-text-color has-extra-large-font-size" id="impact">What impacts auto insurance rates?</h2>
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<p class="has-black-color has-text-color has-large-font-size">Bankrate’s study of the&nbsp;average annual cost of auto insurance&nbsp;in the U.S. shows a rate of $1,674 per year for full coverage, accounting for about 2.44% of the average U.S. annual household income. Based on the report:</p>
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<ul class="has-black-color has-text-color has-large-font-size"><li>If your credit score decreases, your premium can increase by $1,351 for an average annual premium of $3,025.</li><li>A speeding ticket can increase your premium by $355 for a total average premium of $2,029 per year.</li><li>If you are involved in a car crash, your insurance premium can increase by $731 for a total of $2,405 per year.</li><li>A lapse in coverage can cost you $187 for an average annual premium of $1,861.</li><li>A DUI conviction can increase your policy premium by $1,662 for a total of $3,336 per year.</li><li>If you add a teen driver to your policy, you add an average of $1,883 to your policy rate for a total annual premium of $3,557.</li></ul>
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<h2 class="has-black-color has-text-color has-extra-large-font-size" id="types">What types of auto insurance claims are filed?</h2>
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<p class="has-black-color has-text-color has-large-font-size">The four categories of auto insurance claims are&nbsp;bodily injury,&nbsp;property damage,&nbsp;collision, and&nbsp;comprehensive. Bodily injury and property damage claims are about liability or the policyholder’s responsibility to others for property damage or bodily injury. Collision and comprehensive cover damage and theft to the policyholder’s car.</p>
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<h3 class="has-black-color has-text-color has-extra-large-font-size">Which auto insurance claims are most expensive?</h3>
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<p class="has-black-color has-text-color has-large-font-size">Unsurprisingly, bodily injury claims are the most expensive, at an average of $15,862 per loss, followed by property damage at $3,630, collision at $3,247, and comprehensive at least expensive at $1,659.</p>
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<p class="has-black-color has-text-color has-large-font-size"><strong>Cost of auto insurance claims by type</strong></p>
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<figure class="wp-block-table"><table><tbody><tr><td>Year</td><td>Bodily injury</td><td>Property damage</td><td>Collision</td><td>Comprehensive</td></tr><tr><td>2010</td><td>$14,406</td><td>$2,881</td><td>$2,778</td><td>$1,476</td></tr><tr><td>2011</td><td>$14,848</td><td>$2,958</td><td>$2,861</td><td>$1,490</td></tr><tr><td>2012</td><td>$14,690</td><td>$3,073</td><td>$2,950</td><td>$1,585</td></tr><tr><td>2013</td><td>$15,441</td><td>$3,231</td><td>$3,144</td><td>$1,621</td></tr><tr><td>2014</td><td>$15,384</td><td>$3,516</td><td>$3,169</td><td>$1,572</td></tr><tr><td>2015</td><td>$16,046</td><td>$3,791</td><td>$3,377</td><td>$1,679</td></tr><tr><td>2016</td><td>$16,149</td><td>$3,969</td><td>$3,442</td><td>$1,747</td></tr><tr><td>2017</td><td>$16,075</td><td>$4,064</td><td>$3,423</td><td>$1,811</td></tr><tr><td>2018</td><td>$17,164</td><td>$4,295</td><td>$3,578</td><td>$1,832</td></tr><tr><td>2019</td><td>$18,417</td><td>$4,525</td><td>$3,750</td><td>$1,780</td></tr><tr><td>Average</td><td>$15,862</td><td>$3,630</td><td>$3,247</td><td>$1,659</td></tr></tbody></table></figure>
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<h3 class="has-black-color has-text-color has-extra-large-font-size">Which auto insurance claims are most common?</h3>
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<p class="has-black-color has-text-color has-large-font-size">From a frequency standpoint, collision claims are most commonly filed at an average of 5.9 claims per 100 year of insured coverage on a vehicle. The second most frequent claims are property damage at 3.4, comprehensive at 2.8, and, least frequent, bodily injury at 1 claim per 100 car years.</p>
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<p class="has-black-color has-text-color has-large-font-size"><strong>Frequency of auto insurance claims by type</strong></p>
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<figure class="wp-block-table"><table><tbody><tr><td>Year</td><td>Bodily injury</td><td>Property damage</td><td>Collision</td><td>Comprehensive</td></tr><tr><td>2010</td><td>0.91</td><td>3.53</td><td>5.69</td><td>2.62</td></tr><tr><td>2011</td><td>0.92</td><td>3.56</td><td>5.75</td><td>2.79</td></tr><tr><td>2012</td><td>0.95</td><td>3.50</td><td>5.57</td><td>2.62</td></tr><tr><td>2013</td><td>0.95</td><td>3.55</td><td>5.71</td><td>2.57</td></tr><tr><td>2014</td><td>0.97</td><td>3.41</td><td>5.93</td><td>2.79</td></tr><tr><td>2015</td><td>1.00</td><td>3.41</td><td>6.01</td><td>2.72</td></tr><tr><td>2016</td><td>1.05</td><td>3.44</td><td>6.13</td><td>2.76</td></tr><tr><td>2017</td><td>1.11</td><td>3.46</td><td>6.14</td><td>2.86</td></tr><tr><td>2018</td><td>1.10</td><td>3.32</td><td>6.13</td><td>3.02</td></tr><tr><td>2019</td><td>1.07</td><td>3.18</td><td>6.13</td><td>3.25</td></tr><tr><td>Average</td><td>1.00</td><td>3.44</td><td>5.92</td><td>2.80</td></tr></tbody></table></figure>
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<h2 class="has-black-color has-text-color has-extra-large-font-size">Why do people get in collisions?</h2>
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<p class="has-black-color has-text-color has-large-font-size">Car insurance claims are commonly the result of several factors, as indicated by the iii:</p>
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<p class="has-black-color has-text-color has-large-font-size"><strong>Risk factors in 2018 fatal crashes&nbsp;| Insurance Information Institute</strong></p>
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<figure class="wp-block-table"><table><tbody><tr><th>Risk factor</th><th>Number of fatal crashes</th><th>Percentage of fatal crashes</th></tr><tr><td>Speeding or racing</td><td>8,596</td><td>16.7%</td></tr><tr><td>Influence of alcohol, drugs, or medication</td><td>5,175</td><td>10.1%</td></tr><tr><td>Distracted driving</td><td>2,688</td><td>5.2%</td></tr><tr><td>Drowsy, asleep, fatigued, ill or blacked out</td><td>1,221</td><td>2.4%</td></tr><tr><td>No reason reported</td><td>16,012</td><td>31.1%</td></tr><tr><td>Unknown</td><td>9.167</td><td>17.8%</td></tr></tbody></table></figure>
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<h3 class="has-black-color has-text-color has-extra-large-font-size">How common are collisions?</h3>
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<p class="has-black-color has-text-color has-large-font-size">Furthermore, the Insurance Research Council (IRC) reports that 79% of all claimed economic losses in auto claims in 2017 covered a multitude of medical expenses.</p>
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<p class="has-black-color has-text-color has-large-font-size">On the bright side, data indicates the number of injuries is gradually declining over time.</p>
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<figure class="wp-block-table"><table><tbody><tr><th></th><th>Total Crashes</th><th>Fatal Crashes</th><th>Injury Crashes</th><th>Property Damage Only Crashes</th></tr><tr><td><strong>2017</strong></td><td>6,452,000</td><td>34,247</td><td>1,889,000</td><td>4,530,000</td></tr><tr><td><strong>2018</strong></td><td>6,735,000</td><td>33,919</td><td>1,894,000</td><td>4,807,000</td></tr><tr><td><strong>2019</strong></td><td>6,756,000</td><td>33,224</td><td>1,916,000</td><td>4,806,000</td></tr></tbody></table></figure>
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<h3 class="has-black-color has-text-color has-extra-large-font-size">Who pays for insurance claims?</h3>
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<p class="has-black-color has-text-color has-large-font-size">Numbers like these raise the question of who is paying for these losses, especially when considering the issue from an insurance perspective. Data from the NHTSA suggests that it is not an even split.</p>
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<p class="has-black-color has-text-color has-large-font-size"><strong>Who pays for insurance claims?&nbsp;| NHTSA</strong></p>
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<figure class="wp-block-table"><table><tbody><tr><th>Responsible Party</th><th>Percentage of all motor vehicle crash costs</th></tr><tr><td>Private insurers</td><td>50%</td></tr><tr><td>Individual crash victims</td><td>26%</td></tr><tr><td>Third parties, charities, and health care providers</td><td>14%</td></tr><tr><td>Federal revenues</td><td>6%</td></tr><tr><td>State and local municipalities</td><td>3%</td></tr></tbody></table></figure>
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<p class="has-black-color has-text-color has-large-font-size">With insurance providers covering the bulk of these expenses, U.S. drivers have seen insurance premiums slowly creep up in keeping with the ongoing costs associated with these accidents. This is evident with historical data from the iii below and a glimpse at rates from this year.</p>
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<p class="has-black-color has-text-color has-large-font-size"><strong>Average annual cost of auto insurance&nbsp;| Insurance Information Institute</strong></p>
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<figure class="wp-block-table"><table><tbody><tr><th>Year</th><th>Percent change, year-to-year</th></tr><tr><td>2009</td><td>-0.5%</td></tr><tr><td>2010</td><td>0.3%</td></tr><tr><td>2011</td><td>0.7%</td></tr><tr><td>2012</td><td>2.2%</td></tr><tr><td>2013</td><td>3.5%</td></tr><tr><td>2014</td><td>3.4%</td></tr><tr><td>2015</td><td>3.1%</td></tr><tr><td>2016</td><td>5.4%</td></tr><tr><td>2017</td><td>6.5%</td></tr><tr><td>2018</td><td>5.0%</td></tr></tbody></table></figure>
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<p class="has-black-color has-text-color has-large-font-size">According to rate data from Quadrant Information Services, today, in 2022, the&nbsp;average cost of car insurance is $1,674&nbsp;per year for full coverage.</p>
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<h2 class="has-black-color has-text-color has-extra-large-font-size" id="percentage">Percentage of uninsured drivers by state</h2>
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<p class="has-black-color has-text-color has-large-font-size">Insurance premiums can vary from state to state for several reasons, but one major factor that often contributes to auto insurance costs is&nbsp;uninsured drivers. The IRC credits the&nbsp;economic downturn&nbsp;as a leading reason for uninsured drivers. The Financial Responsibility and Insurance Committee of the American Association of Motor Vehicle Administrators reports that&nbsp;82% of uninsured drivers&nbsp;either cannot afford insurance or do not have a vehicle that is operable or in use.</p>
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<p class="has-black-color has-text-color has-large-font-size">An accident with an uninsured driver can be especially detrimental because of the potential unaffordability of out-of-pocket costs for repairs, injuries or damages. Yet, uninsured drivers are prevalent throughout the U.S.</p>
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<p class="has-black-color has-text-color has-large-font-size">According to the IRC, about one in eight drivers were uninsured in 2014. About 27% of&nbsp;Florida drivers&nbsp;were uninsured in 2015,&nbsp;according to the iii, although the highest percentage is observed in Mississippi — nearly 30% of drivers in this state are uninsured.</p>
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<h2 class="has-black-color has-text-color has-extra-large-font-size" id="costs">Auto insurance costs by state</h2>
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<p class="has-black-color has-text-color has-large-font-size">Auto insurance is required for drivers in 49 states and Washington, D.C. New Hampshire is the only state without a compulsory insurance liability law. If a driver meets the&nbsp;minimum financial obligations&nbsp;in New Hampshire, they may drive without an active auto insurance policy.</p>
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<p class="has-black-color has-text-color has-large-font-size">Where you live has a significant impact on what you will pay for car insurance. The table below shows average annual car insurance rates by state for full coverage.</p>
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<p class="has-black-color has-text-color has-large-font-size">Based on average annual rates, Maine and Ohio fall well below the national average. Comparatively, Florida, New York and Louisiana tend to see the highest rates.</p>
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<p class="has-black-color has-text-color has-large-font-size"><strong>Average annual full coverage rates by state&nbsp;| Bankrate.com</strong></p>
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<figure class="wp-block-table"><table><tbody><tr><th>State</th><th>Average annual cost</th></tr><tr><td>Alabama</td><td>$1,623</td></tr><tr><td>Alaska</td><td>$1,559</td></tr><tr><td>Arizona</td><td>$1,547</td></tr><tr><td>Arkansas</td><td>$1,914</td></tr><tr><td>California</td><td>$2,065</td></tr><tr><td>Colorado</td><td>$2,016</td></tr><tr><td>Connecticut</td><td>$1,845</td></tr><tr><td>Delaware</td><td>$1,775</td></tr><tr><td><strong>Florida</strong></td><td><strong>$2,364</strong></td></tr><tr><td>Georgia</td><td>$1,982</td></tr><tr><td><strong>Hawaii</strong></td><td><strong>$1,127</strong></td></tr><tr><td><strong>Idaho</strong></td><td><strong>$1,045</strong></td></tr><tr><td>Illinois</td><td>$1,485</td></tr><tr><td>Indiana</td><td>$1,254</td></tr><tr><td>Iowa</td><td>$1,260</td></tr><tr><td>Kansas</td><td>$1,698</td></tr><tr><td>Kentucky</td><td>$2,128</td></tr><tr><td><strong>Louisiana</strong></td><td><strong>$2,724</strong></td></tr><tr><td><strong>Maine</strong></td><td><strong>$965</strong></td></tr><tr><td>Maryland</td><td>$1,877</td></tr><tr><td>Massachusetts</td><td>$1,223</td></tr><tr><td><strong>Michigan</strong></td><td><strong>$2,309</strong></td></tr><tr><td>Minnesota</td><td>$1,643</td></tr><tr><td>Mississippi</td><td>$1,782</td></tr><tr><td>Missouri</td><td>$1,661</td></tr><tr><td>Montana</td><td>$1,737</td></tr><tr><td>Nebraska</td><td>$1,531</td></tr><tr><td><strong>Nevada</strong></td><td><strong>$2,245</strong></td></tr><tr><td>New Hampshire</td><td>$1,275</td></tr><tr><td>New Jersey</td><td>$1,757</td></tr><tr><td>New Mexico</td><td>$1,419</td></tr><tr><td><strong>New York</strong></td><td><strong>$2,321</strong></td></tr><tr><td>North Carolina</td><td>$1,325</td></tr><tr><td>North Dakota</td><td>$1,264</td></tr><tr><td><strong>Ohio</strong></td><td><strong>$1,034</strong></td></tr><tr><td>Oklahoma</td><td>$1,873</td></tr><tr><td>Oregon</td><td>$1,346</td></tr><tr><td>Pennsylvania</td><td>$1,476</td></tr><tr><td>Rhode Island</td><td>$2,018</td></tr><tr><td>South Carolina</td><td>$1,512</td></tr><tr><td>South Dakota</td><td>$1,642</td></tr><tr><td>Tennessee</td><td>$1,338</td></tr><tr><td>Texas</td><td>$1,823</td></tr><tr><td>Utah</td><td>$1,306</td></tr><tr><td>Vermont</td><td>$1,207</td></tr><tr><td>Virginia</td><td>$1,304</td></tr><tr><td><strong>Washington</strong></td><td><strong>$1,176</strong></td></tr><tr><td>Washington, D.C.</td><td>$1,855</td></tr><tr><td>West Virginia</td><td>$1,499</td></tr><tr><td>Wisconsin</td><td>$1,186</td></tr><tr><td>Wyoming</td><td>$1,495</td></tr></tbody></table></figure>
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<h2 class="has-black-color has-text-color has-extra-large-font-size" id="most">Most expensive states for auto insurance</h2>
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<p class="has-black-color has-text-color has-large-font-size">Our&nbsp;2022 Bankrate annual report&nbsp;shows that some regions of the country continue to face much more expensive premiums than other regions.</p>
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<p class="has-black-color has-text-color has-large-font-size">Louisiana has the highest premiums of the costliest states, with an average annual cost of $2,724 per year. The New Orleans metropolitan area is even higher, with an average premium of $4,234 per year.</p>
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<figure class="wp-block-table"><table><tbody><tr><th>Rank</th><th>State</th><th>Average annual premium</th></tr><tr><td>1.</td><td>Louisiana</td><td>$2,724</td></tr><tr><td>2.</td><td>Florida</td><td>$2,364</td></tr><tr><td>3.</td><td>New York</td><td>$2,321</td></tr><tr><td>4.</td><td>Michigan</td><td>$2,309</td></tr><tr><td>5.</td><td>Nevada</td><td>$2,245</td></tr></tbody></table></figure>
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<h2 class="has-black-color has-text-color has-extra-large-font-size" id="least">Least expensive states for auto insurance</h2>
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<p class="has-black-color has-text-color has-large-font-size">Some cities are more affordable for the average cost of car insurance. Maine has the cheapest quote premium at $965 per year, followed closely by Ohio, Idaho, Hawaii and Washington.</p>
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<figure class="wp-block-table"><table><tbody><tr><th>Rank</th><th>State</th><th>Average annual premium</th></tr><tr><td>50.</td><td>Maine</td><td>$965</td></tr><tr><td>49.</td><td>Ohio</td><td>$1,034</td></tr><tr><td>48.</td><td>Idaho</td><td>$1,045</td></tr><tr><td>47.</td><td>Hawaii</td><td>$1,127</td></tr><tr><td>46.</td><td>Washington</td><td>$1,176</td></tr></tbody></table></figure>
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<h2 class="has-black-color has-text-color has-extra-large-font-size" id="industry">Auto insurance industry statistics</h2>
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<p class="has-black-color has-text-color has-large-font-size">Given various risk factors and average annual claim costs, you might wonder what the impact is to auto insurance providers. These statistics reflect the state of the auto insurance industry:</p>
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<ul class="has-black-color has-text-color has-large-font-size"><li>The CDC reports that 2010 costs for medical care and productivity losses accounted for almost $100 billion (nearly $500 for every licensed driver in the country).</li><li>Between 2008 and 2017,&nbsp;insurance payments increased&nbsp;by 31% for bodily injury claims and 26% for personal injury protection (PIP) no-fault claims.</li></ul>
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<p class="has-black-color has-text-color has-large-font-size"><strong>Insurance market trends (millions)&nbsp;| NAIC</strong></p>
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<figure class="wp-block-table"><table><tbody><tr><th></th><th>2017</th><th>2018</th><th>2019</th></tr><tr><td>Direct property and casualty insurers</td><td>467,724</td><td>460,038</td><td>466,170</td></tr></tbody></table></figure>
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<figure class="wp-block-table"><table><tbody><tr><th>Rank</th><th>Company</th><th>Direct premiums written</th><th>Market share</th></tr><tr><td>1.</td><td>State Farm Mutual Automobile Insurance</td><td>$40,878,781</td><td>16.1%</td></tr><tr><td>2.</td><td>Berkshire Hathaway Inc.</td><td>$34,892,004</td><td>13.8%</td></tr><tr><td>3.</td><td>Progressive Corporation</td><td>$31,025,772</td><td>12.2%</td></tr><tr><td>4.</td><td>Allstate Corporation</td><td>$23,626,743</td><td>9.3%</td></tr><tr><td>5.</td><td>USAA Insurance Group</td><td>$15,231,169</td><td>6.0%</td></tr><tr><td>6.</td><td>Liberty Mutual</td><td>$11,701,811</td><td>4.6%</td></tr><tr><td>7.</td><td>Farmers Insurance Group of Companies</td><td>$10,533,343</td><td>4.2%</td></tr><tr><td>8.</td><td>Nationwide Mutual Group</td><td>$6,245,588</td><td>2.5%</td></tr><tr><td>9.</td><td>American Family Insurance Group</td><td>$5,776,711</td><td>2.3%</td></tr><tr><td>10.</td><td>Travelers Companies Inc.</td><td>$4,903,033</td><td>1.9%</td></tr></tbody></table></figure>
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<h2 class="has-black-color has-text-color has-extra-large-font-size" id="age">Auto insurance statistics by age</h2>
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<p class="has-black-color has-text-color has-large-font-size">Age has historically been one of the most significant&nbsp;factors&nbsp;that car insurance providers use to determine insurance costs. Research continues to show that age is a driving factor in many fatalities, losses and damages associated with motor vehicle accidents. Below are common statistics associated with&nbsp;younger, less-experienced drivers:</p>
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<ul class="has-black-color has-text-color has-large-font-size"><li><strong>Teen drivers are three times more likely than older drivers to get into a fatal car accident.</strong>&nbsp;Factors include inexperience behind the wheel, distracted driving, lack of seatbelt use and risky behaviors behind the wheel.</li><li><strong>Handheld cell phone use is highest</strong>&nbsp;among drivers aged 16 to 24.</li><li><strong>Teen drivers typically face more expensive premiums</strong>&nbsp;to offset the higher risk.</li></ul>
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<h2 class="has-black-color has-text-color has-extra-large-font-size" id="gender">Auto insurance statistics by gender</h2>
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<p class="has-black-color has-text-color has-large-font-size">Auto insurance premiums can also be affected by gender. Not all states can use your gender when calculating insurance rates, however. In states like California and Michigan, it is illegal for auto insurance companies to use your gender as a factor when determining your insurance rates.</p>
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<p class="has-black-color has-text-color has-large-font-size">However, research shows that gender can be a predictor of driver behavior.</p>
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<ul class="has-black-color has-text-color has-large-font-size"><li><strong>Men tend to engage in riskier behaviors behind the wheel</strong>&nbsp;than women, according to&nbsp;IIHS research.</li><li><strong>Men are typically involved in more motor accidents</strong>&nbsp;than women.</li><li><strong>Accidents involving male drivers tend to be more serious</strong>&nbsp;than accidents with female drivers.</li><li><strong>Speeding is a factor in&nbsp;35% of all fatal accidents</strong>&nbsp;involving male drivers between 15 and 25.</li></ul>
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<p class="has-black-color has-text-color has-large-font-size">Car insurance for teen drivers&nbsp;can be costly, but it is even more so for male 16-year-old drivers, who pay about $500 more than their female counterparts. Even as male drivers get older, they still have marginally higher car insurance premiums than women, on average, as shown below.</p>
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<p class="has-black-color has-text-color has-large-font-size"><strong>Average annual full coverage premium by gender and age&nbsp;| Bankrate.com</strong></p>
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<figure class="wp-block-table"><table><tbody><tr><th>Age</th><th>Males</th><th>Females</th></tr><tr><td>16-year old</td><td>$2,783</td><td>$2,280</td></tr><tr><td>17-year old</td><td>$2,485</td><td>$2,015</td></tr><tr><td>18-year old</td><td>$5,727</td><td>$4,983</td></tr><tr><td>19-year old</td><td>$4,434</td><td>$3,831</td></tr><tr><td>21-year old</td><td>$3,149</td><td>$2,787</td></tr><tr><td>22-year old</td><td>$2,828</td><td>$2,495</td></tr><tr><td>23-year old</td><td>$2,675</td><td>$2,394</td></tr><tr><td>24-year old</td><td>$2,535</td><td>$2,282</td></tr><tr><td>25-year old</td><td>$2,181</td><td>$2,036</td></tr><tr><td>30-year old</td><td>$1,869</td><td>$1,832</td></tr><tr><td>35-year old</td><td>$1,813</td><td>$1,790</td></tr><tr><td>40-year old</td><td>$1,648</td><td>$1,701</td></tr><tr><td>50-year old</td><td>$1,463</td><td>$1,439</td></tr><tr><td>60-year old</td><td>$1,421</td><td>$1,389</td></tr><tr><td>70-year old</td><td>$1,564</td><td>$1,505</td></tr></tbody></table></figure>
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<p class="has-black-color has-text-color has-large-font-size">Experts suggest that the best thing you can do is&nbsp;shop and compare quotes&nbsp;to obtain affordable car insurance. Each car insurance company may have different coverage and discounts options for your policy that can save you quite a bit on your premium each month.</p>
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<p>To read the full article,&nbsp;<a href="https://www.bankrate.com/insurance/car/auto-insurance-statistics/">click here.</a></p>
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