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How much do Americans spend on home auto health life insurance annually?

Auto Insurance

- On average, Americans spend $1,502 per year on auto insurance, according to the National Association of Insurance Commissioners (NAIC).

Home Insurance

- The average annual cost of homeowners insurance is $1,249, according to the NAIC.

Health Insurance

- In 2020, the average annual cost of health insurance premiums for employer-sponsored health insurance was $21,342 for a family plan, and $7,739 for an individual plan, according to the Kaiser Family Foundation.

Life Insurance

- The average annual cost of individual life insurance is $1,008, according to PolicyGenius.

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