Graph and download economic data for Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Homeowner's Insurance (PCU9241269241262) from Jun 1998 to Apr 2025 about property-casualty, premium, insurance, housing, PPI, industry, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Non-Auto Liability Insurance was 132.96800 Index Jun 1998=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Non-Auto Liability Insurance reached a record high of 132.96800 in May of 2025 and a record low of 99.70000 in November of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Non-Auto Liability Insurance - last updated from the United States Federal Reserve on June of 2025.

Homeowners insurance premiums in the United States have increased in cost over the past two decades and reached a peak in 2024. The average premiums for homeowners insurance increased from ***** U.S. dollars in 2007 to ***** U.S. dollars in 2024.

Graph and download economic data for Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Commercial Auto Insurance (PCU9241269241263) from Jun 1998 to Apr 2025 about property-casualty, premium, insurance, vehicles, commercial, PPI, industry, inflation, price index, indexes, price, and USA.

Michigan had the most expensive car insurance premiums at 2,352 U.S. dollars for minimum coverage in 2023, though the premiums in many states fell in that year. The annual premium in Florida also fell by almost 1,000 U.S. dollars in 2023. This trend occurred in many high premium states.

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 2023, 20-year old male drivers paid roughly 15 U.S. dollars more per month than 20-year old female drivers did. This is due to the higher incidence of accidents in amongst young male drivers. This means that young drivers in states which already have higher premiums must pay a lot for car insurance.

United States Health Insurance: Premium Per Member Per Month data was reported at 364.000 USD in Sep 2024. This stayed constant from the previous number of 364.000 USD for Jun 2024. United States Health Insurance: Premium Per Member Per Month data is updated quarterly, averaging 262.000 USD from Mar 2012 (Median) to Sep 2024, with 51 observations. The data reached an all-time high of 364.000 USD in Sep 2024 and a record low of 178.000 USD in Sep 2013. United States Health Insurance: Premium Per Member Per Month data remains active status in CEIC and is reported by National Association of Insurance Commissioners. The data is categorized under Global Database’s United States – Table US.RG017: Health Insurance: Industry Financial Snapshots.

Life Insurance Premium Volume to GDP for United States was 2.71% in January of 2020, according to the United States Federal Reserve. Historically, Life Insurance Premium Volume to GDP for United States reached a record high of 4.22 in January of 2002 and a record low of 2.61 in January of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for Life Insurance Premium Volume to GDP for United States - last updated from the United States Federal Reserve on May of 2025.

In 2023, single coverage health insurance for employees cost more than 8,000 U.S. dollars for the year. this figure has increase every year since 2000, with the average annual cost of health insurance for singles being 2,471 in 2000.

United States - Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Homeowner's Insurance was 261.94700 Index Jun 1998=100 in March of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Homeowner's Insurance reached a record high of 261.94700 in March of 2025 and a record low of 100.00000 in June of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Homeowner's Insurance - last updated from the United States Federal Reserve on May of 2025.

United States Property & Casualty Insurance: Premium Pricing: Rate Changes by Line of Business: Commercial Property data was reported at 6.000 % in Dec 2024. This records a decrease from the previous number of 7.900 % for Sep 2024. United States Property & Casualty Insurance: Premium Pricing: Rate Changes by Line of Business: Commercial Property data is updated quarterly, averaging 5.900 % from Dec 2011 (Median) to Dec 2024, with 53 observations. The data reached an all-time high of 20.400 % in Mar 2023 and a record low of -6.000 % in Jun 2016. United States Property & Casualty Insurance: Premium Pricing: Rate Changes by Line of Business: Commercial Property data remains active status in CEIC and is reported by The Council of Insurance Agents & Brokers. The data is categorized under Global Database’s United States – Table US.RG015: Property & Casualty Insurance: Premium Pricing: Quarter on Quarter Rate Changes.

United States Property & Casualty Insurance: Premium Pricing: Rate Changes by Line of Business: Average data was reported at 5.400 % in Dec 2024. This records a decrease from the previous number of 5.700 % for Sep 2024. United States Property & Casualty Insurance: Premium Pricing: Rate Changes by Line of Business: Average data is updated quarterly, averaging 4.800 % from Dec 2011 (Median) to Dec 2024, with 53 observations. The data reached an all-time high of 11.300 % in Sep 2020 and a record low of -2.900 % in Jun 2016. United States Property & Casualty Insurance: Premium Pricing: Rate Changes by Line of Business: Average data remains active status in CEIC and is reported by The Council of Insurance Agents & Brokers. The data is categorized under Global Database’s United States – Table US.RG015: Property & Casualty Insurance: Premium Pricing: Quarter on Quarter Rate Changes.

China Insurance Premium data was reported at 5,696,310.000 RMB mn in 2024. This records an increase from the previous number of 5,124,671.000 RMB mn for 2023. China Insurance Premium data is updated yearly, averaging 462,273.501 RMB mn from Dec 1985 (Median) to 2024, with 40 observations. The data reached an all-time high of 5,696,310.000 RMB mn in 2024 and a record low of 3,310.000 RMB mn in 1985. China Insurance Premium data remains active status in CEIC and is reported by National Financial Regulatory Administration. The data is categorized under Global Database’s China – Table CN.RGD: Insurance Premium.

Life insurance premium volume to GDP (%) in Thailand was reported at 3.1746 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - Life insurance premium volume to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Tenants' and Household Insurance in U.S. City Average (CUUR0000SEHD) from Dec 1997 to May 2025 about insurance, urban, households, consumer, CPI, inflation, price index, indexes, price, and USA.

China Compulsory Insurance: Average Insurance Premium per Vehicle data was reported at 760.100 RMB in 2023. China Compulsory Insurance: Average Insurance Premium per Vehicle data is updated yearly, averaging 760.100 RMB from Dec 2023 (Median) to 2023, with 1 observations. The data reached an all-time high of 760.100 RMB in 2023 and a record low of 760.100 RMB in 2023. China Compulsory Insurance: Average Insurance Premium per Vehicle data remains active status in CEIC and is reported by National Financial Regulatory Administration. The data is categorized under China Premium Database’s Insurance Sector – Table CN.RGF: Compulsory Insurance.

In 2023, insurance penetration was highest in the South Africa where the value of insurance premiums accounted for almost ** percent of GDP. Insurance penetration is used as an indicator of insurance sector development within a country and is calculated as the ratio of total insurance premiums to gross domestic product in a given year. In 2023, the insurance penetration in United States equaled **** percent of its GDP. Thus, the value of insurance premiums written in United States in that year equaled more than one **th of its GDP. Auto insurance leads the U.S. P&C marketIn 2023, private passenger auto insurance held the largest share of net premiums written by property and casualty insurance companies in the United States. Additionally, commercial auto insurance also accounted for a significant portion of net premiums. Combined, these two insurance lines made up about ** percent of the property and casualty insurance market.United States' life insurance market Households often rely on life insurance to ensure financial stability for dependents and to cover obligations like debts, mortgages, and education costs. The number of life insurance companies in the United States has remained steady over the past five years. The United States' population has been gradually climbing during this time, which means that the number of potential insurance customers has also been increasing.

United States - Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Private Passenger Auto Insurance was 221.48200 Index Jun 1998=100 in April of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Private Passenger Auto Insurance reached a record high of 221.48200 in April of 2025 and a record low of 99.30000 in September of 1999. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Private Passenger Auto Insurance - last updated from the United States Federal Reserve on June of 2025.

United States Life Insurers: Premium Receipts: Direct Business: Health Insurance: Credit data was reported at 746.000 USD mn in 2022. This records a decrease from the previous number of 761.000 USD mn for 2021. United States Life Insurers: Premium Receipts: Direct Business: Health Insurance: Credit data is updated yearly, averaging 947.000 USD mn from Dec 2004 (Median) to 2022, with 19 observations. The data reached an all-time high of 1.536 USD bn in 2004 and a record low of 725.000 USD mn in 2020. United States Life Insurers: Premium Receipts: Direct Business: Health Insurance: Credit data remains active status in CEIC and is reported by National Association of Insurance Commissioners. The data is categorized under Global Database’s United States – Table US.RG005: Life Insurance: Premium Receipts.

United States - Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Commercial Auto Insurance was 125.69900 Index Jun 1998=100 in April of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Commercial Auto Insurance reached a record high of 125.69900 in April of 2025 and a record low of 100.00000 in July of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Commercial Auto Insurance - last updated from the United States Federal Reserve on June of 2025.

Life and Health Insurance: Direct Premium Written: Life and Savings data was reported at 134,600.000 EUR mn in 2017. This records an increase from the previous number of 133,900.000 EUR mn for 2016. Life and Health Insurance: Direct Premium Written: Life and Savings data is updated yearly, averaging 131,400.000 EUR mn from Dec 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 143,800.000 EUR mn in 2010 and a record low of 113,300.000 EUR mn in 2012. Life and Health Insurance: Direct Premium Written: Life and Savings data remains active status in CEIC and is reported by French Federation of Insurance Companies. The data is categorized under Global Database’s France – Table FR.RG004: Life and Health Insurance: Premium.