Car insurance priced at $500 in 2009 $782.97 in 2021

Car Insurance Inflation Calculator

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Prices for Car Insurance, 2009-2021 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle insurance were 56.59% higher in 2021 versus 2009 (a $282.97 difference in value).

Between 2009 and 2021: Car insurance experienced an average inflation rate of 3.81% per year. This rate of change indicates significant inflation. In other words, car insurance costing $500 in the year 2009 would cost $782.97 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.72% during this same period, inflation for car insurance was higher.

In the year 2009: Pricing changed by 4.53%, which is above the average yearly change for car insurance during the 2009-2021 time period. Compared to inflation for all items in 2009 (-0.36%), inflation for car insurance was much higher.

Price Inflation for Motor vehicle insurance since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1976 (28.83%), 1948 (20.68%), and 1952 (19.56%).

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

Year 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 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 2020 2021
CPI 8.900 8.900 8.900 8.900 8.900 8.800 9.000 9.900 9.000 8.700 8.700 10.400 11.733 14.160 15.740 14.620 15.340 18.340 20.540 20.340 19.440 19.000 20.780 23.700 25.160 25.740 25.940 25.700 26.220 27.667 30.400 32.360 33.220 34.000 36.946 42.015 46.777 46.592 45.777 45.800 48.369 62.315 69.808 71.846 75.815 82.023 85.908 91.431 100.362 108.192 119.208 135.038 146.231 156.592 166.554 177.869 191.515 205.477 216.685 224.808 234.292 243.854 251.600 254.285 253.831 256.723 268.138 291.585 314.438 323.192 329.854 331.777 333.143 341.519 356.997 375.180 388.655 402.476 419.400 437.219 460.611 489.149 526.911 565.957 571.032 544.633 559.035

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Buying power of $500 since 2009

Below are calculations of equivalent buying power for Car insurance, over time, for $500 beginning in 2009. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2009 $500.00 4.53%
2010 $525.47 5.09%
2011 $544.34 3.59%
2012 $563.70 3.56%
2013 $587.40 4.20%
2014 $612.36 4.25%
2015 $645.12 5.35%
2016 $685.09 6.20%
2017 $737.98 7.72%
2018 $792.66 7.41%
2019 $799.77 0.90%
2020 $762.80 -4.62%
2021 $782.97 2.64%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for car insurance, 2009-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 2009 * 2009 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle insurance was 356.997 in the year 2009 and 559.035 in 2021:

559.035 / 356.997 * $500 = $782.97

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2009 has the same "purchasing power" as $782.97 in 2021 (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 1935. 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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