Change in average premiums for property insurance in California since 2001

By | March 20, 2017

Today we’ll be taking a look at the change in average written premiums for various types of property insurance in California. Once again, the data comes from the California Department of Insurance. There are likely a number of reasons for the increase in premiums since the year 2001, including expanded coverage (as property values rise, people buy more insurance), changes in deductibles, and the general frequency and severity trend of insurance losses. In order to provide a fair comparison, all values have been adjusted for inflation (based on CPI data).

Cumulative change in average written premiums – inflation adjusted