Car insurance priced at $500 in 2000 $1,111.86 in 2019

Car Insurance Inflation Calculator

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Prices for Car Insurance, 2000-2019 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle insurance were 122.37% higher in 2019 versus 2000 (a $611.86 difference in value).

Between 2000 and 2019: Car insurance experienced an average inflation rate of 4.30% per year. This rate of change indicates significant inflation. In other words, car insurance costing $500 in the year 2000 would cost $1,111.86 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for car insurance was higher.

In the year 2000: Pricing changed by 1.14%, which is significantly below the average yearly change for car insurance during the 2000-2019 time period. Compared to inflation for all items in 2000 (3.38%), inflation for car insurance was lower.

Price Inflation for Motor vehicle insurance since 1985

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1986 (13.28%), 2002 (8.74%), and 1987 (8.28%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle insurance:

Year 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
CPI 119.192 135.017 146.200 156.600 166.558 177.858 191.517 205.467 216.675 224.808 234.317 243.867 251.625 254.292 253.850 256.733 268.142 291.583 314.408 323.183 329.817 331.783 333.134 341.515 356.988 375.166 388.651 402.480 419.425 437.266 460.673 489.215 526.975 565.999 570.902

View price changes for other categories
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Buying power of $500 since 2000

Below are calculations of equivalent buying power for Car insurance, over time, for $500 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $500.00 1.14%
2001 $522.22 4.44%
2002 $567.87 8.74%
2003 $612.32 7.83%
2004 $629.41 2.79%
2005 $642.33 2.05%
2006 $646.16 0.60%
2007 $648.79 0.41%
2008 $665.12 2.52%
2009 $695.25 4.53%
2010 $730.65 5.09%
2011 $756.92 3.59%
2012 $783.85 3.56%
2013 $816.85 4.21%
2014 $851.60 4.25%
2015 $897.18 5.35%
2016 $952.77 6.20%
2017 $1,026.31 7.72%
2018 $1,102.31 7.41%
2019 $1,111.86 0.87%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for car insurance, 2000-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2000 * 2000 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle insurance was 256.733 in the year 2000 and 570.902 in 2019:

570.902 / 256.733 * $500 = $1,111.86

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2000 has the same "purchasing power" as $1,111.86 in 2019 (in the CPI category of Motor vehicle insurance).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Motor vehicle insurance in 1985. In addition to car insurance, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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