First Auto Insurance Policy – 110 Years Ago Today

I could not let this go by.

Today (apparently) marks the 110th anniversary of the sale of the first auto insurance policy.

According to the Insurance Journal, the first policy was sold by Travelers Insurance to a Dr. Truman Martin of Buffalo, N.Y. for $12.25. That’s $316.25 in today’s dollars.

The average auto policy in the US today is about $820 a year.

We now return you to our regular programing!