GITNUX MARKETDATA REPORT 2024

Statistics About The Average Insurance Cost In California

The average annual cost of auto insurance in California is estimated to be around $1,004.

Last Updated: June 20, 2024

How we write

In this post, we explore the average insurance costs in California across various types of coverage, ranging from renters and home insurance to health and business policies. Understanding these statistics can provide valuable insights for individuals and businesses seeking to manage their insurance expenses effectively.

Statistic 1

"California renters insurance costs on average $16 per month or $195 annually."

Statistic 2

"The average home insurance cost in California is $1,166 a year."

Statistic 3

"The average annual homeowners insurance in California is $1,073."

Statistic 4

"The average motorcycle insurance cost in California is about $1,360 per year."

Statistic 5

"The average cost of small business insurance in California is $52.50 per month."

Statistic 6

"The average life insurance cost in California is about $26 per month."

Statistic 7

"The average monthly premium for an individual health insurance plan in California in 2020 was $576."

Statistic 8

"The average cost of pet insurance in California for dogs is about $42 per month."

Statistic 9

"The average cost of flood insurance in California is around $700 a year."

Statistic 10

"The average annual cost of commercial truck insurance in California is $5,400 - $5,600."

Statistic 11

"The average cost for long term care insurance in California for a 55-year-old couple is between $2,000 and $4,000 per year."

Statistic 12

"The average cost of disability insurance in California is about 1-3% of your annual income."

Statistic 13

"The average cost of Business Owner's Policy (BOP) insurance in California is $27 per month."

Statistic 14

"The average cost of workers compensation insurance in California is $2.87 per $100 in payroll."

Statistic 15

"The average cost of RV insurance in California is $1,038 per year."

Statistic 16

"The average annual premium for boat insurance in California is approximately $300 to $500."

In conclusion, insurance costs in California vary significantly across different types of insurance, with renters insurance being the most affordable at an average of $195 annually, and commercial truck insurance being the most expensive with an average annual cost ranging from $5,400 to $5,600. Understanding these average costs can help individuals and businesses make informed decisions when shopping for insurance coverage in California.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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