When does insurance start to pay?

  • September 9, 2021

The American Automobile Association has released the first installment of a quarterly report that tracks the cost of insurance across all 50 states.

Insurance costs across all states in the first quarter of 2019 were up 2.9% from the same period in 2018, according to the report released on Thursday.

The average premium increased by 3.3% in 2019.

Insurance costs rose for consumers in 10 states.

Premiums rose in Alaska (up 1.6%), Ohio (up 3.1%), California (up 2.8%), Kansas (up 0.9%), Montana (up 4.5%), Tennessee (up 5.4%), Texas (up 6.3%), Oklahoma (up 8.6%) and Wyoming (up 11.3%).

The AAA says average premium increases are driven by higher deductibles and out-of-pocket costs.

Premium costs rose in North Dakota (up 7.2%), Illinois (up 9.6% and Alaska (down 4.3%)), Wyoming (down 6.7%), Nebraska (down 8.4%) and Alaska.

Insurance premiums rose in Kentucky (up 12.2%) and West Virginia (up 14.3%.

Average monthly premiums are up in Arizona (up 18.6%, up 5.6 percentage points), Florida (up 10.3%, up 11.4% and up 11%), Louisiana (up 17.2%, up 6.2% and down 5.7%) and Michigan (up 22.5%, up 15.9%, up 9.3 and up 3.6%).

Average monthly premium increases were up for consumers nationwide in every state.