FOR IMMEDIATE RELEASE
2009/2010 AUTO INSURANCE REPORT
WASHINGTON, D.C. (Dec. 17, 2012) — The National
Association of Insurance Commissioners (NAIC) today announced the release
of its 2009/2010 Auto Insurance Database Report, which provides
the average costs associated with personal automobile insurance nationwide.
Developed by the Casualty Actuarial and Statistical Task Force of the
NAIC's Property and Casualty Insurance Committee, the report features
state-by-state auto insurance data designed to provide necessary
information and analysis to insurance regulators, consumers and
The data used for this report includes written premium and exposure data
from calendar years 2006-2010 for the combined voluntary and residual
market. The report also includes earned premium and exposure data, as well
as incurred loss and claims data (separately), from calendar/accident years
2007-2009 for voluntary and residual market business.
For each state, average premium and expenditures, pure premium, loss ratio,
claim frequency and claim severity are calculated by coverage. The
types of auto insurance coverage included are bodily injury and property
damage liability (including no-fault), uninsured and underinsured motorist,
medical payment, collision and comprehensive.
The NAIC recognizes the differences in state requirements for insurance
coverage, limits and benefits. Many factors affect a state's expenditures
and premiums, including underwriting costs, driving locations, accident
rates, traffic density, auto theft statistics, repair costs and state laws.
These variances make direct state-by-state comparisons difficult. Also,
data contained in the 2009/2010 report may differ from data released in
previous reports, as updated information from insurers is periodically
obtained and included in the most recent report.
The complete report is available for purchase through the NAIC Store.
About the NAIC
The National Association of Insurance Commissioners (NAIC) is the U.S.
standard-setting and regulatory support organization created and governed
by the chief insurance regulators from the 50 states, the District of
Columbia and five U.S. territories. Through the NAIC, state insurance
regulators establish standards and best practices, conduct peer review, and
coordinate their regulatory oversight. NAIC staff supports these efforts
and represents the collective views of state regulators domestically and
internationally. NAIC members, together with the central resources of the
NAIC, form the national system of state-based insurance regulation in the
U.S. For more information, visit www.naic.org.