Auto insurance statistics and facts 2021

According to the National Association of Insurance Commissioners (NAIC), U.S. car insurance costs are on the rise, with a 5% increase in rates observed from 2017 to 2018.

IBISWorld estimated that the auto insurance industry was worth $311 billion in 2019 alone.

The National Highway Traffic Safety Administration (NHTSA) predicts that U.S. motor vehicle crashes in 2010 cost almost $1 trillion in losses.