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Average Insurance Cost: Car, Home, Renters, Health of August 2026

ElitePersonalFinance • Insurance • Studies •
Last Update: August 19, 2026
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Property insurance can offer both financial protection and peace of mind in case of damages. We researched hundreds of insurance companies in the USA that covered health, home,  renters, and car insurance.

Average Cost of Car Insurance in America of August 2026

Car insurance is essential if you own one. The USA car owners have embraced it wholeheartedly, with an average of around $941.65 paid in 2018. However, car insurance cost varies depending on car, driving experience and record, gender, age, and marital status. According to the research conducted by ElitePersonalFinance, the car insurance premium has been ballooning in various states. For example, Michigan has been the most expensive state for five consecutive years regarding insurance costs, with an average annual cost of $2,239, 64% higher than the national average of $1,365.

State: Average Car Insurance Cost:
State:Alaska Average Car Insurance Cost:$1,200
State:Wyoming Average Car Insurance Cost:$1,544
State:Utah Average Car Insurance Cost:$1,131
State:California Average Car Insurance Cost:$1,731
State:Montana Average Car Insurance Cost:$1,446
State:New Jersey Average Car Insurance Cost:$1,383
State:Colorado Average Car Insurance Cost:$1,547
State:New York Average Car Insurance Cost:$1,361
State:Oregano Average Car Insurance Cost:$1,250
State:Idaho Average Car Insurance Cost:$989
State:North Dakota Average Car Insurance Cost:$1,086
State:Florida Average Car Insurance Cost:$2,056
State:Hawaii Average Car Insurance Cost:$1,229
State:Washington DC Average Car Insurance Cost:$1,827
State:Washington Average Car Insurance Cost:$1,309
State:Oklahoma Average Car Insurance Cost:$1,531
State:New Mexico Average Car Insurance Cost:$1,352
State:Maryland Average Car Insurance Cost:$1,439
State:Nevada Average Car Insurance Cost:$1,485
State:Virginia Average Car Insurance Cost:$1,013
State:Texas Average Car Insurance Cost:$1,589
State:South Dakota Average Car Insurance Cost:$1,213
State:Connecticut Average Car Insurance Cost:$1,831
State:Illinois Average Car Insurance Cost:$1,223
State:Louisiana Average Car Insurance Cost:$2,126
State:North Carolina Average Car Insurance Cost:$1,104
State:Kentucky Average Car Insurance Cost:$1,535
State:Delaware Average Car Insurance Cost:$1,646
State:Alabama Average Car Insurance Cost:$1,235
State:Arizona Average Car Insurance Cost:$1,355
State:Georgia Average Car Insurance Cost:$1,668
State:West Virginia Average Car Insurance Cost:$1,408
State:Kansas Average Car Insurance Cost:$1,332
State:Indiana Average Car Insurance Cost:$1,091
State:New Hampshire Average Car Insurance Cost:$1,039
State:Minnesota Average Car Insurance Cost:$1,215
State:Arkansas Average Car Insurance Cost:$1,503
State:Iowa Average Car Insurance Cost:$1,026
State:Mississippi Average Car Insurance Cost:$1,410
State:Vermont Average Car Insurance Cost:$932
State:Missouri Average Car Insurance Cost:$1,256
State:Wisconsin Average Car Insurance Cost:$1,084
State:Massachusetts Average Car Insurance Cost:$1,176
State:Tennessee Average Car Insurance Cost:$1,211
State:Nebraska Average Car Insurance Cost:$1,214
State:Rhode Island Average Car Insurance Cost:$1,852
State:Michigan Average Car Insurance Cost:$2,239
State:Pennsylvania Average Car Insurance Cost:$1,130
State:Maine Average Car Insurance Cost:$1,176
State:South Carolina Average Car Insurance Cost:$1,327
State:Ohio Average Car Insurance Cost:$944

Average Car Insurance Cost by Age

Young car owners pay higher insurance premiums since they tend to incur more accidents than older ones. These premium rates decline as they age since they have acquired more driving experience and become more responsible. For instance, teenagers between 16 and 24 years pay a monthly premium three times the young adults between 25 and 29 years, while the elderly in their 60s pay less than the young adults between 30 and 44 years.

Age Group: Monthly Premiums:
Age Group:16-24 Monthly Premiums:$344.78
Age Group:25-29 Monthly Premiums:$111.89
Age Group:30-44 Monthly Premiums:$100.44
Age Group:45-59 Monthly Premiums:$95.78
Age Group:60 and above Monthly Premiums:$91.44

Average Cost of Car Insurance by Gender

This is a minor category since car responsibility entirely depends on the training acquired and experience. However, male teenagers between 16 and 19 pay more than their female counterparts.

Age Group: Average Car Insurance Cost for Females: Average Car Insurance Cost for Males:
Age Group:16-29 Average Car Insurance Cost for Females:$280.56 Average Car Insurance Cost for Males:$344.78
Age Group:30-44 Average Car Insurance Cost for Females:$102.11 Average Car Insurance Cost for Males:$100.44
Age Group:45 and above Average Car Insurance Cost for Females:$97.78 Average Car Insurance Cost for Males:$95.78

Average Cost of Car Insurance by Car Type

Surprisingly, your car type says a lot when it comes to insurance premiums. For instance; Luxury vehicles are charged more than SUVs. The insurance companies use the car’s identification number while accessing the car’s accident history and mileage, among other characters, in determining the average national premium.

Car Type: Average Insurance Premiums:
Car Type:Car Average Insurance Premiums:$864
Car Type:Green Average Insurance Premiums:$827
Car Type:Luxury Average Insurance Premiums:$1,009
Car Type:SUVs Average Insurance Premiums:$778
Car Type:Truck Average Insurance Premiums:$761
Car Type:Vans Average Insurance Premiums:$742

Average Car Insurance Cost by Insurance Companies

Insurance premiums vary depending on the insurance company, and that is why it’s important to do prior research on the reliable and affordable firm before settling on one. ElitePersonalFinance analyzed over 100 insurance companies where the Progressive insurance company led with an average of $1,241 while Erie was trailed with an average premium of $1,052.

Insurance Company: Average Premiums:
Insurance Company:Erie Average Premiums:$1,052
Insurance Company:Geico Average Premiums:$1,067
Insurance Company:American Family Average Premiums:$1,099
Insurance Company:Auto-Owners Average Premiums:$1,210
Insurance Company:Progressive Average Premiums:$1,241

Average Cost of Home Insurance

Natural calamities such as floods, earthquakes, hurricanes, and storms are regular occurrences in America that can waste your decade savings to acquire your dream home. The cost of constructing or building a home is prohibitive, and that’s why grabbing home insurance is a brilliant idea. Homeowners in Florida incur the highest annual average insurance rate of around $3,575, while Hawaii residents pay the least yearly, $337. However, according to the Federal Reserve Bureau, you can estimate your home insurance by dividing your home value by 1,000 and multiplying the dividend by $3.50. The table below consists of the annual average home insurance rate by state.

State: Average Premiums:
State:Alaska Average Premiums:$908
State:Wyoming Average Premiums:$976
State:Utah Average Premiums:$642
State:California Average Premiums:$793
State:Montana Average Premiums:$1,179
State:New Jersey Average Premiums:$711
State:Colorado Average Premiums:$1,417
State:New York Average Premiums:$935
State:Oregano Average Premiums:$643
State:Idaho Average Premiums:$622
State:North Dakota Average Premiums:$1,354
State:Florida Average Premiums:$3,575
State:Hawaii Average Premiums:$337
State:Washington DC Average Premiums:$706
State:Washington Average Premiums:$653
State:Oklahoma Average Premiums:$2,651
State:New Mexico Average Premiums:$1,197
State:Maryland Average Premiums:$866
State:Nevada Average Premiums:$703
State:Virginia Average Premiums:$959
State:Texas Average Premiums:$1,945
State:South Dakota Average Premiums:$1,379
State:Connecticut Average Premiums:$902
State:Illinois Average Premiums:$1,053
State:Louisiana Average Premiums:$2,979
State:North Carolina Average Premiums:$773
State:Kentucky Average Premiums:$1,359
State:Delaware Average Premiums:$748
State:Alabama Average Premiums:$2,314
State:Arizona Average Premiums:$813
State:Georgia Average Premiums:$1,103
State:West Virginia Average Premiums:$1,288
State:Kansas Average Premiums:$1,939
State:Indiana Average Premiums:$1,198
State:New Hampshire Average Premiums:$680
State:Minnesota Average Premiums:$1,333
State:Arkansas Average Premiums:$2,063
State:Iowa Average Premiums:$1,205
State:Mississippi Average Premiums:$2,290
State:Vermont Average Premiums:$583
State:Missouri Average Premiums:$1,922
State:Wisconsin Average Premiums:$788
State:Massachusetts Average Premiums:$1,190
State:Tennessee Average Premiums:$1,521
State:Nebraska Average Premiums:$1,583
State:Rhode Island Average Premiums:$1,205
State:Michigan Average Premiums:$1,073
State:Pennsylvania Average Premiums:$801
State:Maine Average Premiums:$721
State:South Carolina Average Premiums:$1,402
State:Ohio Average Premiums:$864

Choosing a home insurance premium depends on your preferences. Insurance companies charge insurance covers depending on your personal properties, deductions agreed, insurance discounts, the age of your home, framing type, claim history, and materials used in constructing your home, among others. The table below estimates the annual average insurance rate by framing type, although the actual premium is determined by your home size, location, and other features.

Type: Annual Rate:
Type:Frame Annual Rate:$1,365
Type:Masonry/bricks Annual Rate:$1,216
Type:Bricks/masonry veneer Annual Rate:$1,282
Type:Wood/log Annual Rate:$1,520

Annual Average Cost of Health Insurance

Health insurance is the best gift you can offer to your loved ones. However, the insurance cover is significantly dependent on location and age, where the older you are, the higher the premium. According to the 2017 survey conducted by the Department of Health and Human Services, the average monthly premium for an American resident was $476. Below is a table illustrating the average annual health insurance premium applicable to 21-year-old citizens from various states.

State: Annual Health Insurance:
State:Alaska Annual Health Insurance:$5,112
State:Wyoming Annual Health Insurance:$4,392
State:Utah Annual Health Insurance:$2,160
State:Montana Annual Health Insurance:$2,520
State:New Jersey Annual Health Insurance:$3,684
State:Oregano Annual Health Insurance:$2,472
State:North Dakota Annual Health Insurance:$2,904
State:Florida Annual Health Insurance:$3,420
State:Oklahoma Annual Health Insurance:$2,508
State:New Mexico Annual Health Insurance:$2,532
State:Nevada Annual Health Insurance:$3,308
State:Virginia Annual Health Insurance:$2,664
State:Texas Annual Health Insurance:$2,868
State:South Dakota Annual Health Insurance:$2,820
State:Illinois Annual Health Insurance:$2,928
State:Louisiana Annual Health Insurance:$3,408
State:North Carolina Annual Health Insurance:$3,240
State:Delaware Annual Health Insurance:$3,060
State:Alabama Annual Health Insurance:$2,604
State:Arizona Annual Health Insurance:$2,964
State:Georgia Annual Health Insurance:$3,036
State:West Virginia Annual Health Insurance:$2,904
State:Kansas Annual Health Insurance:$2,352
State:Indiana Annual Health Insurance:$3,312
State:New Hampshire Annual Health Insurance:$2,956
State:Arkansas Annual Health Insurance:$2,832
State:Iowa Annual Health Insurance:$3,012
State:Mississippi Annual Health Insurance:$2,808
State:Missouri Annual Health Insurance:$3,048
State:Wisconsin Annual Health Insurance:$3,360
State:Tennessee Annual Health Insurance:$2,700
State:Nebraska Annual Health Insurance:$2,916
State:Michigan Annual Health Insurance:$3,012
State:Pennsylvania Annual Health Insurance:$2,772
State:Maine Annual Health Insurance:$3,252
State:South Carolina Annual Health Insurance:$2,988
State:Ohio Annual Health Insurance:$3,096

Annual Average Cost of Health Insurance Rates by Plan Type

Before registering for Health Insurance, it is recommendable to research the plan types available to ensure that all your preferences are met. For instance, in our analyzed plan types, EPO has the highest annual rates ($3056) while HMO has the lowest prices ($2764.) Besides that, the HMO Plan was the most restrictive when it comes to visiting a health practitioner. Below is an analysis of various premiums applicable to a 21-year-old.

Plan Type: Annual Premiums:
Plan Type:EPO Annual Premiums:$3,056
Plan Type:PPO Annual Premiums:$3,019
Plan Type:POS Annual Premiums:$2,928
Plan Type:HMO Annual Premiums:$2,764

Average Cost of Renters Insurance in America

If you do not own a home or property, it’s possible to protect your personal belongings via renters insurance. The charges are quite affordable, depending on location and your properties’ value. The annual average cost of renters insurance as we cross to 2021 is $187, with Mississippi charging the highest cost($244) and North Dakota charging the lowest average renters insurance of $115.

State: Average Renters Insurance:
State:Alaska Average Renters Insurance:$161
State:Wyoming Average Renters Insurance:$156
State:Utah Average Renters Insurance:$145
State:California Average Renters Insurance:$207
State:Montana Average Renters Insurance:$145
State:New Jersey Average Renters Insurance:$166
State:Colorado Average Renters Insurance:$169
State:New York Average Renters Insurance:$211
State:Oregano Average Renters Insurance:$168
State:Idaho Average Renters Insurance:$157
State:North Dakota Average Renters Insurance:$115
State:Florida Average Renters Insurance:$217
State:Hawaii Average Renters Insurance:$221
State:Washington DC Average Renters Insurance:$164
State:Washington Average Renters Insurance:$173
State:Oklahoma Average Renters Insurance:$234
State:New Mexico Average Renters Insurance:$183
State:Maryland Average Renters Insurance:$160
State:Nevada Average Renters Insurance:$193
State:Virginia Average Renters Insurance:$158
State:Texas Average Renters Insurance:$228
State:South Dakota Average Renters Insurance:$118
State:Connecticut Average Renters Insurance:$196
State:Illinois Average Renters Insurance:$171
State:Louisiana Average Renters Insurance:$242
State:North Carolina Average Renters Insurance:$134
State:Kentucky Average Renters Insurance:$171
State:Delaware Average Renters Insurance:$173
State:Alabama Average Renters Insurance:$239
State:Arizona Average Renters Insurance:$195
State:Georgia Average Renters Insurance:$226
State:West Virginia Average Renters Insurance:$176
State:Kansas Average Renters Insurance:$174
State:Indiana Average Renters Insurance:$182
State:New Hampshire Average Renters Insurance:$150
State:Minnesota Average Renters Insurance:$149
State:Arkansas Average Renters Insurance:$215
State:Iowa Average Renters Insurance:$147
State:Mississippi Average Renters Insurance:$244
State:Vermont Average Renters Insurance:$154
State:Missouri Average Renters Insurance:$142
State:Wisconsin Average Renters Insurance:$130
State:Massachusetts Average Renters Insurance:$206
State:Tennessee Average Renters Insurance:$212
State:Nebraska Average Renters Insurance:$150
State:Rhode Island Average Renters Insurance:$182
State:Michigan Average Renters Insurance:$207
State:Pennsylvania Average Renters Insurance:$156
State:Maine Average Renters Insurance:$149
State:South Carolina Average Renters Insurance:$196
State:Ohio Average Renters Insurance:$185

Average Cost of Renters Insurance by Limits

Property and liability limits are other factors that determine the renter insurance premiums. However, some property coverage changes have more impacts on premiums than changes in liability coverage. Therefore, it’s necessary to consider your property limits before settling on a particular renter’s insurance.

Property Limits: Liability Limits: Annual Renters Premiums:
Property Limits:$15,000 Liability Limits:$100,000 Annual Renters Premiums:$124
Property Limits:$15,000 Liability Limits:$300,000 Annual Renters Premiums:$132
Property Limits:$25,000 Liability Limits:$100,000 Annual Renters Premiums:$153
Property Limits:$25,000 Liability Limits:$300,000 Annual Renters Premiums:$161
Property Limits:$50,000 Liability Limits:$100,000 Annual Renters Premiums:$224
Property Limits:$50,000 Liability Limits:$300,000 Annual Renters Premiums:$236
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