Statistics And Information On The Cheap Car Insurance You Need

Looking for insurance, no matter what kind, can be frustrating. If you have recently moved or are thinking about moving to a different state, you might come up against a wall. Different laws in different states make each one unique. When talking about car insurance in general, we know a couple of things. One is that every state requires some form of insurance for you to drive on their roads. And secondly, most states are mainly concerned with liability insurance. Maybe you travel often or are thinking about a road trip with the family. Perhaps you live on the road and work out of your car or RV.

USA StatesThere are many different types of alternative living styles nowadays that keep people moving from state to state. There also happens to be a shift in state presence. For instance, in 2017 almost 1% of California residents moved to Texas. Why? Because it’s more affordable and the job market is booming. California has a great economy right now. But with this comes soaring real estate prices. This can affect your insurance as well.

How To Get The Deal

California insurance brokers are some of the best and can usually find you great deals on cheap car insurance in that state. Another shift in presence is Midwest growth. There are a lot of cities who are gentrifying and becoming something of a spectacle. Cleveland, Ohio for example is taking huge strides in becoming the “place to live”. Minnesota has a few cities on the “best places to live” category in some recent magazine and blog articles. But finding the ideal place to live, doesn’t necessarily mean you are at any less of a risk of getting into an accident. There might even be a higher chance depending on where you are going. Making sure you know the ins and outs of insurance in the state you live in is key to a great insurance purchasing experience. Let’s break down your insurance state by state.


The total number of insurance carriers for all types of insurance is 1255. The total amount for premiums written is about $330,000,000,071. Thats a huge number! Thats 330 billion dollars in premiums for the state. This makes up over 14% of all of the United States premiums. The health insurance premiums written in California makes up almost 22% of the states over all written premiums. This information can be found at the National Commissioners Of Insurance website. California also has about 20% uninsured or underinsured drivers. This means they are either driving their car without insurance or don’t have the amount they need.

Uninsured Motorist

This is one reason why purchasing Uninsured Motorist coverage in a place like the golden state is a great idea. Getting cheap car insurance means doing a little research. California has the highest number of brokers in the country. One of the best is Cheap Insurance who has a quick and easy way to generate online quotes for you.

The amount of premiums written in California has almost doubled from 2004 to 2017. Part of this is because of Obamacare. This is a law written to help get people health insurance for a reasonable price. However it also means you will be fined if you do not have it. This was incentive enough for millions of people to call their broker or their Covered California representative and purchase health coverage.

California makes it mandatory for you to carry this amount of car insurance:

  • Bodily Injury Liability Limits: $30,000 per occurrence/ $15,000 per person
  • Property Damage Liability Limits: $5,000 per occurrence

These cheap car insurance options will only protect the other party involved in a crash. There are other options which will protect your and your own vehicle.

Top Insurance Carriers In California

  • Esurance
  • Mercury
  • AAA
  • Farmers
  • Progressive

Profit loss riskTexas

Texas is the second largest geographical state in the U.S. and it has millions of drivers. But more than car insurance, there is a large market for motorcycle, RV and homeowners insurance. Texas also has almost 2,000 different insurers. This is a larger amount than California with a population that is less. The total amount of premiums written each year are around $164 billion. This means that this is the amount paid out to these almost 2000 insurers. Health insurance and property and casualty insurance are among the most popular premiums written.

In Texas you can still get great cheap car insurance when you go through a broker. The average cost of car insurance in Texas is above the national average which is $890. In Texas you will have an average annual premium of around $1,800. Car insurance for a teen driver is almost triple this in Texas. They don’t fool around with rates. The carriers in Texas understand the risk of teen driving.

What you will need

Here is the minimum amount of insurance the state of Texas wants you to have:

  • Bodily Injury coverage requirements are a minimum of $30,000 per person and $60,000 per accident.
  • Property damage liability minimum requirements are $25,000.
  • Uninsured Motorist coverage is not required, but insurance company’s are required to offer it, and explain the coverage to consumers.

Getting more means being fully insured. But it also means digging a little deeper into your pockets .Try an online quote generator that will give you options.

Top Car Insurance Carriers In Texas

  • Texas Farm Bureau
  • Progressive
  • State Farm
  • USAA
  • American Family


Florida is not only the sunshine state, it also has some of the most relaxed laws when it comes to auto insurance. Getting cheap auto insurance isn’t the problem because Florida has more carriers offered than even Texas. With closer to 2200 insurers, you have options. There are about $155 billion worth of premiums written in this state. That makes up around 7% of all premiums in the United States. Premiums are pretty evenly distributed among all types of insurance. Because most people don’t need a lot of car insurance in Florida and they are a “no-fault” state, you won’t find high numbers of car insurance premiums.

The average 12-month auto insurance premium in Florida as of December, 2016 was $1,654. That’s a $124 increase over the 2011 rates, which is due in part to claims arising from the high number of uninsured drivers. Driving without insurance in Florida can result in a suspension of your registration or driving privileges, and a reinstatement fee of between $150 and $500, plus the cost of insurance.

Here is what you would need to have covered on your car insurance policy if you lived in Florida:

  • Florida state is a “no-fault” state. This means that an individual’s insurance company covers their losses regardless of fault.
  • Florida requires a minimum of $10,000 for Personal Injury Protection.
  • Florida also requires a minimum of $10,000 Property Damage Liability.

Top Car Insurance Carriers Florida

  • SafeCo
  • USAA
  • MetLife
  • Progressive
  • Esurance

Insurance Carriers FloridaPennsylvania

Pennsylvania, while a smaller state, still has around 1800 insurers. These are mostly National carriers who are larger and reach out to every state. There is a 99 billion dollar insurance market. This includes all types of insurance from cheap car insurance to health care to renters insurance. The whole state of Pennsylvania has 13 million people. California is almost 40 million. They have almost the same amount of insurance carrier competition. A great thing about Pennsylvania is the number of insured cars on the road making it a very safe place to drive. There are over 11 million registered vehicles on the road, with over 300 traffic crashes each day. This statistic helped bring the average yearly insurance premium up to $1,440. In 2009, Pennsylvania was one of the states with the fewest number of uninsured drivers (only 7%).

If you want to have car insurance in Pennsylvania here is what you will need:

  • Bodily Injury Liability Coverage: $15,000 per person, $30,000 per accident.
  • Property Damage Liability Coverage: $5,000.
  • Uninsured Motorist Coverage: $15,000 per person, $30,000 per accident*

You can also have more than just the minimum coverage. Full insurance coverage is always the best option when searching for the safest way to drive. Getting an online quote will help you better understand your options. Although all types of insurance are important, cars are a way of life and getting them insured is the law. You rely on your car for so much. When these statistics show you how big of an industry insurance is, this should make you smile. It means there are carriers out there who would fight for you to be their client.

Top Insurance Carriers In Pennsylvania

  • The Hartford
  • State Farm
  • Erie Insurance
  • AllState

New York

When you think about New York, you probably think about Manhattan, pizza and our forefathers immigrating. But New York is a diverse state with small towns, big cities and foreign neighbors. On average New York has a pretty high accident occurrence rate. This might not surprise you. It also has some of the best public transportation in the country. Manhattan is a place where you can live essentially car free. But people do drive because they love their cars. 54% of New York city residents use public transportation and, despite the size of its population, the city has an extremely low rate of car ownership. The New York Insurance industry is a 175 billion dollar a year industry. This is the amount of premiums written every year. Yes there are people who lack insurance. New York makes up about 8% of the Nations insurance premiums. With about 1700 different insurance companies to choose from and a focus on health, accident, and life coverage New York is a little different than other states. Most states have a huge health care system. New York has higher rankings in the car and life insurance area.

If you want to buy a car in New York, you will need this amount of insurance:

  • $10,000 for property damage, per single accident
  • $25,000 for bodily injury/$50,000 for death of one person, per single accident
  • $50,000 for bodily injury/$100,000 for death of two or more persons, per single accident
  • For more information, here is a link to the New York State Department of Motor Vehicles’ insurance page.
  • New York state has one of the lowest rates of uninsured motorists in the country, which is partly why the average annual auto insurance premium is also low.
  • Stricter insurance and registration laws heavily influence this statistic, as does the relatively low number of vehicle owners.

Top Car Insurance Carriers New York

  • State Farm
  • Nationwide
  • Travelers
  • AllState

Insurance CompaniesMarket SharePremiums WrittenRank
State Farm17%42 billion1
GEICO13.5%33 billion2
Progressive11%27 billion3
AllState9.2%22.5 billion4
USAA5.9%14.5 billion5


This is the state of sunshine, cacti and the Grand Canyon! There are just over 7 million people in the whole state of Arizona. Most of these people reside in or around Phoenix. The insurance industry in Arizona only makes up about 2% of the entire U.S. industry. But the residents still have about 1700 carriers to choose from which makes it great for choosing what kind of cheap car insurance they will need. With about 32 billion dollars in yearly premiums written, people tend to choose insurance that suits their needs while respecting the states laws. There are over 5.1 million registered automobiles in Arizona (as of 2012). This is about 72% of the population who has cars. The average 12-month auto insurance policy was $1,222 as of December of 2013, which is good news for consumers. Despite the state’s auto insurance requirements, around 12% of drivers are still uninsured. This is one of the largest contributing factors to insurance costs.

This is the required amount of car insurance needed in Arizona:

  • Bodily Injury Coverage with a minimum of $15,000 per person and $30,000 per accident.
  • Property Damage Liability Coverage at a minimum of $10,000
  • Uninsured Motorist Bodily Injury Coverage of at least $15,000 per person and $30,000 per accident.
  • Underinsured Motorist Bodily Injury Coverage at a minimum of $15,000 per person and $30,000 per accident.

The Top Car Insurance Carriers In Arizona

  • State Farm
  • Farmers
  • USAA
  • American Family

The insurance carriers listed in the above categories are based on market availability. They are in no way ranked according to how “good” of an insurance company they might be. When purchasing insurance, everyone is looking for something a little bit different. This is why it is hard to rank certain insurance companies. Some might be cheaper than others but they might not offer great customer service. Not only that but the people they hire are different in each location. The most solid way for you to find a great deal on cheap car insurance is to go through an insurance broker. Taking the few short minutes to calculate your costs online can be key to finding the right insurance carrier. You can do this through Cheap Insurance and their online quote generator.

More On Car Insurance

Car insurance is a major industry and there are thousands of carriers out there. To find out more information on which insurance companies might fit your need, contact your local broker. Get started in a great conversation about saving money on your insurance today. Here are a few things you can ask your broker:

  • How can I lower my monthly premium?
  • Can I bundle my insurance policies?
  • Is the current carrier I am using the right one for me? Can someone else get me a lower rate?
  • What are the laws regarding car insurance in my state?
  • Do I need to have full car insurance coverage for my vehicle?
  • Would you recommend that I have Uninsured Motorist coverage?


Fausto Bucheli Jr


October 30, 2019

Edited By

John Davey