California’s Median Auto Insurance Rate Decreases 3%

The median six-month auto insurance rate in California has decreased approximately 3.1 percent over the past 12 months to reach $809 according to InsWeb. Over the same 12-month period, the national median auto insurance rate has declined approximately 5.6 percent to reach $675.

According to the online insurance comparison provider’s data, a household that pays the California median rate of $809 and earns the California household median annual income of $46,892 pays approximately 3.4 percent of its gross income for car insurance. The company’s car insurance affordability index indicates California is the 19th most expensive state in which to insure a vehicle. Currently, Minnesota is the most affordable state with an affordability factor of 2.2 percent, while Louisiana is the most expensive with a factor of 6.6 percent.

Data reveals that men in California pay a median auto insurance rate that is approximately 7.7 percent higher than the rate paid by women.

Additionally, drivers in California 19 years of age and younger pay a median auto insurance rate that is more than double the rates paid by every other age segment except those ages 20 to 24.

InsWeb also reported median California auto insurance rates segmented by specific demographic groups. These include:

Demographic Group Median Six-Month Rate

• Men $836
• Women $772
• Age Group: 19 and younger $2,141
• Age Group: 20 to 24 $1,154
• Age Group: 25 to 29 $862
• Age Group: 30 to 39 $768
• Age Group: 40 to 49 $707
• Age Group: 50 to 59 $654
• Age Group: 60 to 74 $667
• Age Group: 75 and older $675

To determine median auto insurance rates, InsWeb uses a proprietary system that tracks the rates of multiple insurance carriers in each state. Rates are based on actual customer profiles that can include multiple drivers, multiple vehicles and other variables.

Founded in 1995 and headquartered in Sacramento, California, InsWeb’s primary properties include InsWeb.com, MedHealthInsurance.com, LocalInsuranceAgents.com, and AgentInsider.com.

Topics California Trends Auto Pricing Trends