Quick Answer: How Much Does The Average Person Spend On Insurance A Year?

How much does the average person spend on car insurance per year?

The average cost of car insurance in the US.

The average cost of car insurance in the United States is $1,348 per year or $112 per month, according to data Business Insider obtained from S&P Global Market Intelligence..

How much is health insurance a year?

Compare Hospital insurance costHealth InsurerBasic Plus$106.90Bronze Plus$115.45Silver Plus$115.45Gold$213.70

How much does the average person spend on life insurance a month?

The average cost of life insurance is $44 per month, according to data from S&P Global.

How much does the average person spend in a year?

According to the latest statistics, the average yearly expenses of a US consumer in 2018 is $61,224. That averages to $5,102 per month. This represents a 1.9 percent growth from 2017, during which average consumer spending in the US was $60,060.