Average annual car insurance expenditure in the U.S. 2020, by gender

Young males face significantly higher automotive insurance costs in the United States than young females, with the average annual premium for a 18-year old male being 7,561 U.S. dollars, compared to 6,797 U.S. dollars for a female of the same age.

‘Automotive insurance’

Requirements regarding auto insurance in the U.S. differ from state to state, but in most states some form of minimum insurance coverage is compulsory. The cost of insurance is determined by a variety of factors, including location, gender, age, type of vehicle, and personal factors such as how many accidents the driver has had and their credit score. These factors can create major price differences, with average insurance costs of the most expensive state (Louisiana) being over four times higher than the cheapest state (North Dakota).

‘Motor vehicles in the U.S. ’

There were around 268.8 million motor vehicles registered in the United States in 2016, creating an enormous market for auto insurance. However, there is a reason that most states require a minimum level of insurance – in 2016 there were around 7.3 million vehicle accidents in the U.S., resulting in 163.5 billion U.S. dollars of incurred losses for U.S. auto insurance companies.

Average auto insurance expenditure per year for an 18-year old in the United States in 2020, by gender

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Release date

May 2020


United States

Survey time period


Supplementary notes

The source does not provide the exact date of publication.

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