U.S. household expenditure on home insurance 2021

In 2021, the average expenditure on homeowners insurance in the United States amounted to 548.54 U.S. dollars per consumer unit. The largest homeowner insurance company in the U.S. was State Farm Mutual Automobile Insurance.

Average annual expenditure on homeowners insurance per consumer unit in the United States from 2007 to 2021 (in U.S. dollars)

Characteristic	Average annual expenditure in U.S. dollars
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Release date

September 2022

More information

Region

United States

Survey time period

2007 to 2021

Supplementary notes

A consumer unit consists of any of the following: (1) All members of a particular household who are related by blood, marriage, adoption, or other legal arrangements; (2) a person living alone or sharing a household with others or living as a roomer in a private home or lodging house or in permanent living quarters in a hotel or motel, but who is financially independent; or (3) two or more persons living together who use their incomes to make joint expenditure decisions. Financial independence is determined by spending behavior with regard to the three major expense categories: Housing, food, and other living expenses. To be considered financially independent, the respondent must provide at least two of the three major expenditure categories, either entirely or in part.
Data are diary-based.
Figures prior to 2020 have been taken from previous publications.

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