Men typically face higher automotive insurance costs in the United States than women, this was apparent across the majority of leading auto insurance providers in the United States. This was particularly prevalent in the 17-year-old age category, with the average insurance rate for young males being over **** U.S. dollars more expensive with *** out of 11 of the leading insurers. American Family had the largest price difference at **** U.S. dollars, with the average 17-year-old female receiving an annual rate of ***** U.S. dollars and the average 17-year-old age males receiving an annual rate of ***** U.S. dollars. What factors into the cost of motor insurance? Requirements regarding auto insurance in the U.S. differ from state to state, but in most states some form of minimum insurance coverage is compulsory. The cost of insurance is determined by a variety of factors, including location, gender, age, type of vehicle, and personal factors such as how many accidents the driver has had and their credit score. These factors can create major price differences, with average insurance costs of the most expensive state (Michigan) being over *** times higher than the cheapest state (Iowa). Why is there such a large motor insurance market in the U.S.? There ******** of ******** of motor vehicles registered in the United States, creating an enormous market for auto insurance. However, there is a reason that most states require a minimum level of insurance – each year millions of vehicle crashes occur, which lead to incurred losses for auto insurers.

Louisiana had the most expensive annual car insurance premiums at ***** U.S. dollars for full coverage. Alaska ranked in first place, having the highest annual cost for minimum car insurance coverage at *** U.S. dollars.Why it varies state by state The huge variance in premiums between states is due to the difference in state laws, the percentage of uninsured drivers in the state, the frequency of natural disasters, and claim rates. For instance, Michigan has a no-fault car insurance system, which means that claims are more common. This drives up the cost of insurance for all drivers because insurers need to pay out more money in claims. Male drivers also pay more There is also a difference between premiums among different age groups. In 2025, 25-year-old male drivers paid more per month than 25-year-old female drivers did. This is due to the higher incidence of accidents among young male drivers. This means that young drivers in states that already have higher premiums must pay a lot for car insurance.

This statistic displays the average cost of motor insurance premiums in the United Kingdom (UK) in the fourth quarter of 2018, by age and gender. At almost every age, it was male drives that had higher premiums as compared to their female counterparts. Males aged between 17 and 22 years of age had the highest motor insurance costs for any age or gender. On average young males paid more than *** British pounds more annually than females of the same age. When assessing policy costs of motor insurance, companies will look at the persons, age, gender, nationality and even regionality.

In the United Kingdom, younger drivers paid more on average for their car insurance than older drivers in 2024. A driver who is around 20 years old would be charged roughly *** British pounds whereas a driver in their 30s would be charged an average rate of *** British pounds. This higher premium stems from the idea that young drivers engage in more risky driving behavior, such as drunk driving, and therefore pose a higher risk to insurance companies. Young drivers pay more, but also tend to have more coverage Prices of different car insurance cover plans in the UK have increased since early 2022 and exceeded *** British pounds in 2023. Third party, fire and theft plans overall had higher premiums than comprehensive plans. This, however, is because the basket of risks reflects the type of driver that buys such cover, which is typically young drivers.

This table contains values from Insurify's proprietary database of car insurance quotes about average DynamicTable.dataset.coverage. car insurance costs DynamicTable.dataset.source.autoInsuranceRatesByState

16-year-olds paid the highest average monthly amount for car insurance in the United States. It was found that 16-year-old drivers in the U.S. had to pay approximately *** U.S. dollars per month for car insurance, whereas their 21-year-old counterparts paid *** U.S. dollars for the same coverage.

A detailed dataset showing average annual insurance costs for minimum and full coverage across different age groups in North Carolina.

Table of estimated average annual auto insurance premium costs for different age groups.

This statistic shows the average cost of car insurance in the United Kingdom (UK) in British pounds by age group and gender in 2018. The average cost of car insurance for those in their twenties was the highest out of the age ranges with an average of ***** British pounds. On average women pay more for car insurance in the United Kingdom (UK) than men. Women in their twenties paid on average ***** British pounds a year as to ***** British pounds paid by men.

The Guaranteed Asset Protection (GAP) insurance market is experiencing robust growth, driven by increasing vehicle prices and consumer debt. The market, while not explicitly stated, is likely valued in the billions, given the involvement of major players like State Farm, Allstate, and Progressive, who operate in vast markets. A conservative estimate, considering average insurance premiums and penetration rates in the automotive sector, could place the 2025 market size at approximately $5 billion USD. Assuming a CAGR (Compound Annual Growth Rate) of 5% – a reasonable figure given consistent vehicle sales and financing trends – the market is poised for substantial expansion throughout the forecast period (2025-2033). Key drivers include the rising cost of new vehicles, longer loan terms, and increased consumer reliance on financing options, creating a greater need for GAP coverage to protect against potential financial losses in case of total vehicle loss. Trends such as the increasing popularity of leasing and the rising average age of vehicles also contribute to market growth. However, restraints may include improved vehicle depreciation rates in some segments and increased consumer awareness of alternative financial protection mechanisms. Market segmentation likely includes coverage types (single-payment vs. extended coverage), vehicle types (new vs. used), and consumer demographics (age, credit score). Geographic regional variations will exist depending on vehicle financing practices, lending rates and the prevalence of leasing within different regions. The competitive landscape is dominated by established insurance giants like State Farm, Allstate, and Progressive, reflecting the significant market share held by these players. These companies leverage their extensive distribution networks and brand recognition to secure a considerable portion of the market. Smaller insurers and specialized GAP providers also contribute to the overall market dynamism. Future growth will likely be fueled by technological advancements such as improved risk assessment models and digital distribution channels. The market is expected to consolidate further, with larger players potentially acquiring smaller competitors to strengthen their market position and expand their service offerings. This consolidation will also likely lead to greater competition and more innovative product offerings that cater to the evolving needs of the insured.

We implement an empirical test for selection into health insurance using changes in coverage induced by the introduction of mandated health insurance in Massachusetts. Our test examines changes in the cost of the newly insured relative to those who were insured prior to the reform. We find that counties with larger increases in insurance coverage over the reform period face the smallest increase in average hospital costs for the insured population, consistent with adverse selection into insurance before the reform. Additional results, incorporating cross-state variation and data on health measures, provide further evidence for adverse selection.

A table showing the average annual cost of car insurance by age group in Arizona.

This table shows the average costs per person for care covered by the Healthcare Insurance Act (Zvw), per type of care provided, and the proportion of persons for whom costs have been claimed. The data is broken down by age, gender and income. It only concerns care from the basic package (basic insurance). The following costs are not included in this table: - healthcare costs that fall outside the Zvw and are reimbursed via another insurance policy, for example via a supplementary insurance policy; - healthcare costs that do not fall under the Zvw but under another legal framework, for example AWBZ/Wlz, Wmo or Youth Act; - healthcare costs that fall outside the Zvw and are paid through personal payments. The healthcare costs include the costs ultimately paid by the insured themselves due to the compulsory or voluntary excess. The costs are only not included in the figures if the insured person has received an invoice himself and has not submitted this to the insurer, for example because the deductible has not been reached. Other personal payments, such as for insured care provided by a provider not contracted by the insurer or statutory personal payments, such as for a maximum number of treatments or additional payments per treatment, are not included in the figures. This table relates to the population of persons who meet each of the following conditions: - they have been registered in the Municipal Personal Records Database (BRP) for at least 1 day during the relevant year; - they were insured under the basic insurance under the Zvw. Data available from: 2009 Status of the figures: The figures for reporting years 2009 up to and including 2019 are final. Figures for the 2020 reporting year are provisional. Changes as of September 19, 2022: Provisional figures for 2020 have been added, the provisional figures for 2019 have been made final. When will new numbers come out? The provisional figures for 2021 will be published in the fourth quarter of 2023.

This dataset provides average annual cost estimates for full coverage and liability-only car insurance with Safeway Insurance in Texas, categorized by age group.

Teen drivers paid significantly more for motorcycle insurance, with the average annual minimum coverage premium exceeding *** U.S. dollars for those aged 18 years and younger. Average annual full coverage premium was lowest for those in the **-year-old category, with the **-year-old age category having the lowest cost for minimum coverage. Annual premium costs began to increase for policy holders aged ** years and above.

The CMS Program Statistics - Medicare Part D tables provide use and Part D drug costs by type of Part D plan (stand-alone prescription drug plan and Medicare Advantage prescription drug plan). For additional information on enrollment, providers, and Medicare use and payment, visit the CMS Program Statistics page. These data do not exist in a machine-readable format, so the view data and API options are not available. Please use the download function to access the data. Below is the list of tables: MDCR UTLZN D 1. Medicare Part D Utilization: Average Annual Prescription Drug Fills by Type of Plan, Low Income Subsidy (LIS) Eligibility, and Generic Dispensing Rate, Yearly Trend MDCR UTLZN D 2. Medicare Part D Utilization: Average Annual Gross Drug Costs Per Part D Enrollee, by Type of Plan, Low Income Subsidy (LIS) Eligibility, and Brand/Generic Drug Classification, Yearly Trend MDCR UTLZN D 3. Medicare Part D Utilization: Average Annual Gross Drug Costs Per Part D Enrollee, by Type of Plan, Low Income Subsidy (LIS) Eligibility, and Brand/Generic Drug Classification, Yearly Trend MDCR UTLZN D 4. Medicare Part D Utilization: Average Annual Prescription Drug Fills and Average Annual Gross Drug Cost Per Part D Enrollee, by Type of Plan and Demographic Characteristics MDCR UTLZN D 5. Medicare Part D Utilization: Average Annual Prescription Drug Fills and Average Annual Gross Drug Cost Per Part D Utilizer, by Type of Plan and Demographic Characteristics MDCR UTLZN D 6. Medicare Part D Utilization: Average Annual Prescription Drug Fills and Average Annual Gross Drug Cost Per Part D Enrollee, by Type of Plan, by Area of Residence MDCR UTLZN D 7. Medicare Part D Utilization: Average Annual Prescription Drug Fills and Average Annual Gross Drug Cost Per Part D Utilizer, by Type of Plan, by Area of Residence MDCR UTLZN D 8. Medicare Part D Utilization: Number of Part D Utilizers and Average Annual Prescription Drug Fills by Type of Part D Plan, Low Income Subsidy (LIS) Eligibility, and Part D Coverage Phase, Yearly Trend MDCR UTLZN D 9. Medicare Part D Utilization: Number of Part D Utilizers and Drug Costs by Type of Part D Plan, Low Income Subsidy (LIS) Eligibility, and Part D Coverage Phase, Yearly Trend MDCR UTLZN D 10. Medicare Part D Utilization: Number of Part D Utilizers, Average Annual Prescription Drug Events (Fills) and Average Annual Gross Drug Cost Per Part D Utilizer, by Part D Coverage Phase and Demographic Characteristics MDCR UTLZN D 11. Medicare Part D Utilization: Number of Part D Utilizers, Average Annual Prescription Drug Fills and Average Annual Gross Drug Cost Per Part D Utilizer, by Part D Coverage Phase and Area of Residence

The United Kingdom motor insurance market, valued at £23.44 billion in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.16% from 2025 to 2033. This growth is driven by several factors. Rising vehicle ownership, particularly within younger demographics embracing personal mobility, fuels demand for insurance coverage. Furthermore, increasingly stringent government regulations regarding minimum insurance coverage and liability are bolstering market expansion. Technological advancements, such as telematics and usage-based insurance, are also shaping the market by offering customized pricing models and enhanced risk assessment capabilities. The market is segmented by product type (Third-Party, Third-Party Fire & Theft, Comprehensive) and distribution channel (Direct, Agency, Banks, Others). The competitive landscape includes major players like Aviva, Prudential, Zurich, AXA, and Allianz, among others, each vying for market share through innovative product offerings and strategic partnerships. However, the market also faces certain restraints. Fluctuating fuel prices and economic uncertainties can impact consumer spending on insurance premiums. Increased claims frequency and severity, potentially driven by factors like increased urbanization and road congestion, put pressure on insurers' profitability. Intense competition among established players and the emergence of new digital insurers further complicate the market dynamics. Despite these challenges, the long-term outlook remains positive, driven by continued vehicle sales and the adaptation of insurance providers to technological innovations and evolving customer needs. The focus will likely be on personalized pricing, risk mitigation through data analytics, and enhanced customer service experiences to maintain a competitive edge. Recent developments include: Feb 2022: For an initial payment of GBP 47.5 million, AXA UK&I purchased the renewal rights to Ageas UK's commercial operations. This acquisition reinforces AXA's growth strategy and dedication to its commercial business clients and broker alliances, particularly in the SME and Schemes market sectors. About 100 Ageas UK personnel will transfer to AXA Commercial as part of the arrangement to provide continued support and service delivery., Jan 2022: The cost of a comprehensive car insurance policy in Britain is expected to be volatile this year after rising 5% in the final quarter of 2021 as more drivers took to the roads to ease COVID-19 curbs. Motorists must pay GBP 539 (USD 734.06) on average for their comprehensive car insurance premiums.. Notable trends are: High Volatility in Car Insurance Premiums During the Past Few Years.

The cost of comprehensive motor insurance in the United Kingdom reached an all-time high in the first quarter of 2024. As of the third quarter of 2024, the average cost of comprehensive motor insurance was approximately *** British pounds. Age also plays a role in the price of car insurance with 20- and 75-year-olds paying the most in 2024.

Mean and Standard Deviation (in parentheses) of r2 from 1000 Replicates for Models I and II

Mean and Standard Deviation (in parentheses) of r2 from 1000 Replicates for Model III with Different Methods