Average Cost of Insurance: Car, Home, Renters, Health, and Pet (2016)

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ValuePenguin researched and crunched the numbers to get you the average cost of car insurance by state. Use our data to see what your states average premiums are to get a better idea of what you should be paying for insurance.

To jump directly to the different types of insurance's average cost, click on the contents links below

Average Cost of Car Insurance

The average annual cost of car insurance paid in the United States was $907.38 in 2014 according to a study commisioned by Quadrant Information Services. This figure will vary wildly state to state and does not always include all forms of coverage and may not be accurately reflect your coverage needs. Scroll through the table below to find the average cost of car insurance in your state or use the form to find a cheaper quote for auto insurance:

State Monthly Car Insurance Rate Annual Car Insurance Rate
Alabama $127 $1,529
Alaska $134 $1,605
Arizona $102 $1,222
Arkansas $117 $1,399
California $164 $1,962
Colorado $130 $1,558
Connecticut $137 $1,638
Delaware $132 $1,580
Florida $153 $1,830
Georgia $183 $2,201
Hawaii $117 $1,400
Idaho $88 $1,053
Illinois $114 $1,370
Indiana $100 $1,202
Iowa $88 $1,058
Kansas $113 $1,358
Kentucky $125 $1,503
Louisiana $164 $1,971
Maine $80 $964
Maryland $151 $1,810
Massachusetts $134 $1,604
Michigan $213 $2,551
Minnesota $113 $1,360
Mississippi $115 $1,385
Missouri $101 $1,207
Montana $168 $2,013
Nebraska $110 $1,317
Nevada $116 $1,388
New Hampshire $82 $983
New Jersey $159 $1,905
New Mexico $114 $1,371
New York $98 $1,173
North Carolina $88 $1,060
North Dakota $143 $1,710
Ohio $77 $926
Oklahoma $131 $1,568
Oregon $111 $1,333
Pennsylvania $120 $1,440
Rhode Island $168 $2,020
South Carolina $110 $1,316
South Dakota $130 $1,557
Tennessee $116 $1,397
Texas $135 $1,620
Utah $99 $1,192
Vermont $96 $1,149
Virginia $93 $1,114
Washington $125 $1,499
Washington, D.C. $177 $2,127
West Virginia $210 $2,518
Wisconin $91 $1,087
Wyoming $128 $1,541
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Data from various states' Departments of Insurance show that annual car insurance premiums are on the rise in the majority of states across the nation. The average cost of insurance for car owners of insuring their vehicles from accidents and other events has generally increased, with the exceptions of Arkansas, Georgia, North Carolina, and Virginia, who all saw their car insurance premiums drop between 1% and 5% in the last year. These quotes for automobile insurance in select states across the country should give you a ballpark estimate for average annual car insurance.

Car Insurance Rates by Age

Auto insurance quotes will vary significantly depending on the age of the driver or applicant. Young drivers are notoriously more dangerous behind the wheel and because of that, insurance companies charge higher rates on policies covering young drivers. The chart below will show you how drastically car insurance quotes fluctuate based on your age. Each dollar amount in the graph below represents the average annual cost at that age.

Graph of car insurance rates by age

If you're interested in reading more about how your age affects your car insurance rates check out our full analysis here.

Car Insurance Rates by Gender

Amongst those drivers that have had no violations or accidents within the past 3 years, auto insurance rates are fairly similar with the exception of young drivers. Our data, which looked at rates from 54 different insurance companies, showed that 19 year old male drivers paid an average of 12% more in car insurance premiums each year over their female counterparts. Why is this the case? While gender is not a direct ratings factor that insurance companies look at, the data behind the gender shows that men tend to drive more often, receive more speeding tickets, be involved in more accidents, and receive more DUI convictions than women!

Average Cost of Home Insurance

The average cost of homeowners insurance throughout the United States is $978 per year. Take a look at our table below to get an idea of how much it costs in your state:

State Monthly Home Insurance Rate Annual Home Insurance Rate
Alabama  $97 $1,163
Alaska  $77 $924
Arizona  $56 $675
Arkansas  $86 $1,029
California $81 $967
Colorado  $80 $961
Connecticut  $91 $1,096
D.C. $90 $1,083
Delaware $55 $664
Florida  $161 $1,933
Georgia  $76 $906
Hawaii  $76 $907
Idaho  $43 $518
Illinois  $69 $822
Indiana  $65 $779
Iowa  $59 $713
Kansas  $92 $1,103
Kentucky  $70 $839
Louisiana  $139 $1,672
Maine  $60 $714
Maryland  $67 $800
Massachusetts  $89 $1,072
Michigan  $65 $774
Minnesota  $88 $1,056
Mississippi  $117 $1,409
Missouri  $85 $1,022
Montana  $68 $818
Nebraska  $80 $958
Nevada  $57 $689
New Hampshire  $68 $811
New Jersey  $76 $915
New Mexico  $66 $793
New York  $91 $1,097
North Carolina  $72 $869
North Dakota  $81 $969
Ohio  $54 $644
Oklahoma  $116 $1,386
Oregon  $47 $559
Pennsylvania  $62 $744
Rhode Island  $95 $1,139
South Carolina  $91 $1,091
South Dakota  $60 $721
Tennessee  $76 $915
Texas $132 $1,578
Utah  $47 $563
Vermont  $62 $748
Virginia  $65 $782
Washington  $52 $626
West Virginia  $62 $743
Wisconsin  $49 $592
Wyoming  $64 $770

Home insurance is designed to cover homeowners in the event of any unforeseen catastrophe that damages their home. The average cost of home insurance will be influenced primarily by the location of your residential property and the extent of your insurance coverage. Several types of home insurance are common or typical to specific regions or locales, such as damage to floodwaters, hurricanes, earthquakes, etc. As a general rule, the Federal Reserve Bureau says you can estimate the expense of homeowners insurance by dividing the value of your home by 1,000 and then multiplying that number by $3.50. Using average home price data from AARP, here are some typical annual homeowners insurance prices from around the country, ValuePenguin has constructed a table for your reference.

Average Cost of Renters Insurance

The average cost of renters insurance for 2016 (for $20,000-$30,000 in coverage):

State Monthly Renters Insurance Rate Annual Renters Insurance Rate
New York $18 $216
California $19 $224
Illinois $13 $154
Texas $18 $216

If you're one of the millions of Americans who have forgone buying a house in exchange for renting a place, you may want to consider renters insurance as a way to protect your personal belongings. Renters insurance protects your studio, walk-up apartment, or elevator apartment against events such as destruction of property from fire, vandalism, and theft. Looking at some of the average costs of renters insurance in our four representative states, ValuePenguin thinks the monthly premium is cheap enough and worth the peace of mind knowing you can at least recover the cost of any lost or damaged items.

Average Cost of Health Insurance

State Monthly Health Insurance Rate Annual Health Insurance Rate
New York $382 / $932 $4,584 / $11,184
California $173 / $416 $2,076 / $4,992
Illinois $174 / $383 $2,088 / $4,596
Texas $189 / $421 $2,268 / $5,052

Health insurance is an important investment to make in oneself, family members, and loved ones. According to eHealthInsurance's 2011 Annual Insurance Survey, the average monthly premium for individuals in the United States was $183 (or $2,196 per year). Furthermore, the average monthly premium for families was $414 (or $4,968 per year).  Between 2010 and 2011, average premiums increased 9.6% for individual policies and 5.6% for families.  The average cost of health insurance ranges between $119 in Iowa and $382 in New York.  ValuePenguin's table has a few examples of average annual premiums for individuals and families in select states to give you an idea of the average cost of medical insurance. For a full treatment of the average cost of health insurance see our in depth article.

Average Cost of Pet Insurance

State Monthly Pet Insurance Rate Annual Pet Insurance Rate
New York $38.18 $458
California $37.82 $453
Illinois $31.29 $375
Texas $32.63 $392

Insurance companies providing pet health coverage factor in the geographical region your pet lives in when determining quotes for your premium. In a 2014 survey of the market, ValuePenguin found that on average, medical insurance prices for pooches in urban households could be 20 - 40% higher than quotes for the same dog living in a smaller town or different geography. The above table has estimated monthly cost of veterinary insurance for a two-year old Yorkshire Terrier, averaged across the expected monthly premiums of the different plans at several major pet insurance providers. To compare across different insurance policies for your pet, use ValuePenguin's pet insurance comparison tool here.