The National Association of Insurance Commissioners (NAIC) has released its 2022/2023 Auto Insurance Database Report, providing nationwide automobile insurance cost data through year-end 2022 and 2023. The report also summarizes 2023 average expenditures and combined average premiums for each state. Key findings include a national combined average premium per issued vehicle of USD 1,438, a 14.42% increase from 2022 to 2023. National total liability incurred losses were USD 120.5B in 2022, up 9.4% from 2021, while the average incurred loss per collision claim rose 17.6% from USD 6,113 in 2021 to USD 7,191 in 2022. Over 2019 to 2023, liability premiums grew 19% compared with a 5.5% increase in the number of vehicles insured, and the national average expense per insured vehicle per year was USD 1,281 in 2023, up 19.24% from 2019; the NAIC notes that differences in state conditions, requirements, and periodically updated insurer data can limit direct state-by-state comparability and lead to revisions versus prior reports.

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