How much money does the average American pay for insurance a year?

Question

Im talking all insurance.

TOTAL

Answer 1

Approximately .67 cents per dollar spent goes in some way to insurance costs. The insurance industry is a 9 trillion dollar business.

Answer 2

Renters - 25.00 month

Auto - 150.00 month

Life - 25.00 month

Health - 150.00 month

Total: 4,200.00 a year

Answer 3

320  a year

Answer 4

How do you average a guy with three life policies, two homeowners, one flood, five cars, all insured, short term and long term disability policies, with a guy who has NONE of those?

It really, really doesn't matter.

If the US Census Bureau doesn't have that little statistic, no one does.

Answer 5

What kind of insurance?

Auto / Renters - $1140 a year

Life - $300

Health - Nothing, fully covered through work