FOR IMMEDIATE RELEASE

NAIC Issues 2012/2013 Auto Insurance Report

WASHINGTON, D.C. (Jan. 11, 2016) —The National Association of Insurance Commissioners (NAIC) has released its 2012/2013 Auto Insurance Database Report. The report – out today – provides the average costs associated with personal automobile insurance nationwide.

The auto report features state-by-state auto insurance data designed to provide necessary information and analysis to insurance regulators, consumers and policymakers. This report includes written premium and exposure data from calendar years 2009-2013 for the combined voluntary and residual market. The report also compiles earned premium and exposure data – as well as incurred loss and claims data (separately) – from calendar/accident years 2010-2012 for voluntary and residual market business.

Average premium and expenditures, pure premium, loss ratio, claim frequency and claim severity are calculated by coverage for each state. This includes the following types of auto insurance coverage: 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. Data contained in the 2012/2013 report may differ from previous reports, as updated information from insurers is periodically obtained and included in the most recent report.

The NAIC 2012/2013 Auto Insurance Database Report

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.

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