Consumers in the United States increased their spending on auto insurance by roughly 50 percent between 2012 and 2022. In 2022, the average expenditure on vehicle insurance in the U.S. amounted to 1,592 U.S. dollars per consumer unit, up from 1,018 U.S. dollars 10 years earlier.
Average annual expenditure on vehicle insurance per consumer unit in the United States from 1984 to 2022
(in U.S. dollars)
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St. Louis Fed. (September 14, 2023). Average annual expenditure on vehicle insurance per consumer unit in the United States from 1984 to 2022 (in U.S. dollars) [Graph]. In Statista. Retrieved December 14, 2024, from https://www.statista.com/statistics/1052273/us-consumer-spending-on-vehicle-insurance/
St. Louis Fed. "Average annual expenditure on vehicle insurance per consumer unit in the United States from 1984 to 2022 (in U.S. dollars)." Chart. September 14, 2023. Statista. Accessed December 14, 2024. https://www.statista.com/statistics/1052273/us-consumer-spending-on-vehicle-insurance/
St. Louis Fed. (2023). Average annual expenditure on vehicle insurance per consumer unit in the United States from 1984 to 2022 (in U.S. dollars). Statista. Statista Inc.. Accessed: December 14, 2024. https://www.statista.com/statistics/1052273/us-consumer-spending-on-vehicle-insurance/
St. Louis Fed. "Average Annual Expenditure on Vehicle Insurance per Consumer Unit in The United States from 1984 to 2022 (in U.S. Dollars)." Statista, Statista Inc., 14 Sep 2023, https://www.statista.com/statistics/1052273/us-consumer-spending-on-vehicle-insurance/
St. Louis Fed, Average annual expenditure on vehicle insurance per consumer unit in the United States from 1984 to 2022 (in U.S. dollars) Statista, https://www.statista.com/statistics/1052273/us-consumer-spending-on-vehicle-insurance/ (last visited December 14, 2024)
Average annual expenditure on vehicle insurance per consumer unit in the United States from 1984 to 2022 (in U.S. dollars) [Graph], St. Louis Fed, September 14, 2023. [Online]. Available: https://www.statista.com/statistics/1052273/us-consumer-spending-on-vehicle-insurance/
