Colorado Car Insurance Market

• According to the NAIC 2018 Market Share Report, the top 5 car insurance providers in Colorado based on total direct premiums earned are:
• 1) State Farm Group — 928,164,000 premiums earned, 18.32% of the market
• 2) Progressive Group — 522,867,000 premiums earned, 10.95% of the market
• 3) United Service Automobile Association Group — 516,237,000 premiums earned, 10.51% of the market
• 4) Berkshire Hathaway Group — 489,299,000 premiums earned, 9.75% of the market
• 5) Allstate Insurance Group — 428,299,000 premiums earned, 8.83% of the market
• The average premiums in Colorado for auto insurance liability coverage increased from $472.21 in 2013 to $639.99 in 2017.
• In the state of Colorado, the minimum requirements for liability insurance are 25/50/15. However, the following components are not required to be written into a car insurance premium in this state:
•  Uninsured motorist coverage
•  Underinsured motorist coverage
•  Medical payments
•  Collision coverage
•  Comprehensive coverage

Kansas Car Insurance Market

• The NAIC 2018 Market Share Report indicates that the top 5 car insurance providers for private passenger auto in Colorado based on total direct premiums earned are:
• 1) State Farm Group — 379,073,000 premiums earned, 19.21% of the market
• 2) American Family Insurance Group — 236,060,000 premiums earned, 12.37% of the market
• 3) Progressive Group — 216,667 premiums earned, 11.55% of the market
• 4) Iowa Farm Bureau Group — 142,905,000 premiums earned, 7.45% of the market
• 5) Farmers Insurance Group — 117,275,000 premiums earned, 5.96% of the market
• Kansas is a no-fault state for car insurance, meaning that car insurance helps to cover the cost of medical bills if injured in an accident, regardless of who was found to be at-fault.
• The average premiums in Kansas for auto insurance liability coverage increased from $342.15 in 2013 to $399.96 in 2017.
• In Kansas state, the minimum requirements for car insurance premiums are as follows:
•  25/50 minimum for bodily injury (BI)
• $10,000 minimum for property damage liability (PD)
•  25/50 for uninsured/underinsured motorists (UM/UIMBI)
• $4,500 minimum for personal injury protection (PIP)

Tennessee Car Insurance Market

• The NAIC 2018 Market Share Report also found that the top 5 car insurance providers in Tennessee based on total direct premiums earned are:
• 1) State Farm Group — 949,929,000 premiums earned, 21.79% of the market
• 2) Tennessee Farmers Group - 696,044,000 premiums earned, 16.40% of the market
• 3) Berkshire Hathaway Group — 389,618,000 premiums earned, 9.31% of the market
• 4) Progressive Group — 356,878,000 premiums earned, 8.60% of the market
• 5) Allstate Insurance Group — 261,316,000 premiums earned, 6.15% of the market
• The average premiums in Tennessee for auto insurance liability coverage increased from $406.95 in 2013 to $456.05 in 2017.
• The minimum car insurance liability coverage requirements in Tennessee are 25/50/15. However, the following coverage are all considered to be optional:
•  Collision coverage
•  Comprehensive coverage
•  Roadside assistance
•  Medical payments
•  Uninsured/Underinsured motorist coverage