SOURCE: InsWeb Corporation

InsWeb Corporation

February 23, 2011 12:25 ET

InsWeb.com: Median California Auto Insurance Rate Now $809 per Household

SACRAMENTO, CA--(Marketwire - February 23, 2011) - The median six-month California auto insurance rate has decreased approximately 3.1 percent over the last 12 months to reach $809 according to InsWeb (NASDAQ: INSW), a leading online insurance comparison provider.

InsWeb also reported median California auto insurance rates segmented by specific demographic groups. These include:

Demographic Group Median Six-Month Rate
Men $836
Women $772
Age Group: 19 and younger $2,141
Age Group: 20 to 24 $1,154
Age Group: 25 to 29 $862
Age Group: 30 to 39 $768
Age Group: 40 to 49 $707
Age Group: 50 to 59 $654
Age Group: 60 to 74 $667
Age Group: 75 and older $675

Additional rate statistics:

  • Over the same 12-month period, the national median auto insurance rate has declined approximately 5.6 percent to reach $675.

  • A household that pays the California median rate of $809 and earns the California household median annual income of $46,892 pays approximately 3.4 percent of its gross income for car insurance. According to InsWeb's car insurance affordability index, California is the 19th most expensive state in which to insure a vehicle. Currently, Minnesota is the most affordable state with an affordability factor of 2.2 percent, while Louisiana is the most expensive with a factor of 6.6 percent. 

  • Men in California pay a median auto insurance rate that is approximately 7.7 percent higher than the rate paid by women.

  • Drivers in California 19 years of age and younger pay a median auto insurance rate that is more than double the rates paid by every other age segment except those ages 20 to 24.

California drivers who want to learn more about saving on their auto insurance and compare online insurance quotes from leading national providers can visit InsWeb.com.

About InsWeb

InsWeb Corporation (NASDAQ: INSW) owns and operates a network of leading insurance marketplace and education websites. Founded in 1995 and headquartered in Sacramento, California, InsWeb's primary properties include InsWeb.com, MedHealthInsurance.com, LocalInsuranceAgents.com, and AgentInsider.com. InsWeb has invented multiple e-commerce and online insurance distribution technologies and owns the following patents: 6,898,597; 7,107,325; 7,389,246; 7,640,176 and 7,707,505.

About InsWeb's Median Rate Data

To determine median auto insurance rates, InsWeb uses a proprietary system that tracks the rates of multiple insurance carriers in each state. Rates are based on actual customer profiles that can include multiple drivers, multiple vehicles and other variables.
For more information, please contact InsWeb.

Contact Information

  • Media Contact:
    Jonathon D. Tudor
    InsWeb Corporation
    (916) 853-3386
    Email Contact