Contents
- Motor vehicle insurance spending statistics: household averages and annual changes
- Motor vehicle insurance spending statistics: regional household spending in 2021–2022
- Motor vehicle insurance spending statistics: per-insured-vehicle expenditure by state
- Motor vehicle insurance spending statistics: liability and collision premiums
- motor vehicle insurance spending: Auto insurance comprehensive premiums and combined average premium
- Sources
Motor vehicle insurance spending statistics: household averages and annual changes
The Bureau of Labor Statistics (BLS) measures consumer spending by consumer unit. Its vehicle-insurance figures are annual household expenditure averages, so they describe a different measure from premiums reported per insured vehicle. BLS says the average U.S. consumer unit spent $1,775 on vehicle insurance in 2023. The report also gives two consecutive annual changes: average spending rose 11.5% from 2022 to 2023, then 12.3% from 2023 to 2024. The latter change applies to the 2024 average; the reported 2023 dollar figure should not be treated as the 2024 amount. Source: BLS, Consumer expenditures in 2024
A separate BLS table reports 2024 annual means for consumer units by military status. It lists $2,193 for military consumer units overall, $2,109 for veteran-only consumer units, and $2,518 for active-duty-only consumer units. These are subgroup averages for the categories named in the table. They are not per-vehicle premium quotes, and the categories should not be read as interchangeable populations. Source: BLS, Military status within consumer unit: Average annual expenditures and sources of income, 2024
| BLS measure | Period | Mean annual vehicle-insurance spending |
|---|---|---|
| U.S. consumer units | 2023 | $1,775 |
| Military consumer units | 2024 | $2,193 |
| Veteran-only consumer units | 2024 | $2,109 |
| Active-duty-only consumer units | 2024 | $2,518 |
Source for all table values: BLS, Consumer expenditures in 2024 and BLS, Military status within consumer unit, 2024
The two BLS sources provide complementary context: one tracks annual changes for consumer units overall, while the other presents subgroup means for 2024. The available figures do not provide a full year-by-year household series in this set, so the 2023 overall average and the 2024 military-status averages are best read as separate observations with their dates and populations attached. Source: BLS, Consumer expenditures in 2024; BLS, Military status within consumer unit, 2024
Motor vehicle insurance spending statistics: regional household spending in 2021–2022
BLS’s two-year regional table reports mean annual vehicle-insurance spending for 2021–2022. The U.S. consumer-unit mean was $1,651. The regional figures were $1,560 in the Northeast, $1,517 in the Midwest, $1,378 in the South, and $1,624 in the West. Each value is a mean annual expenditure over the table’s stated two-year period, not a separate estimate for 2021 or 2022. Source: BLS, Table 1800. Region of residence: Annual expenditure means, 2021–2022, p. 6
| Consumer-unit geography | Mean annual vehicle-insurance spending, 2021–2022 |
|---|---|
| All U.S. consumer units | $1,651 |
| Northeast | $1,560 |
| Midwest | $1,517 |
| South | $1,378 |
| West | $1,624 |
Within this particular table, the West’s reported mean was the highest among the four regions and the South’s was the lowest. The table describes consumer-unit spending, so it does not establish a typical premium for an individual driver or vehicle. Its period also differs from the 2023 and 2024 household observations above; the values should remain labeled as 2021–2022 rather than being presented as current regional estimates. Source: BLS, Table 1800. Region of residence: Annual expenditure means, 2021–2022, p. 6
Motor vehicle insurance spending statistics: per-insured-vehicle expenditure by state
The National Association of Insurance Commissioners (NAIC) reports private-passenger automobile insurance expenditure per insured vehicle. Its countrywide average was $1,047.75 in 2020, $1,060.83 in 2021, $1,124.61 in 2022, $1,281.61 in 2023, and $1,431.63 in 2024. These are per-insured-vehicle figures, not BLS consumer-unit household averages. NAIC describes the figures as combining voluntary and residual-market business. Source: NAIC, 2024 Auto Insurance Database Average Premium Supplement, Table 4, p. 18
| Year | Countrywide average expenditure per insured private-passenger vehicle |
|---|---|
| 2020 | $1,047.75 |
| 2021 | $1,060.83 |
| 2022 | $1,124.61 |
| 2023 | $1,281.61 |
| 2024 | $1,431.63 |
The selected state observations show variation in the 2024 measure. NAIC reports average expenditure per insured vehicle of $2,017.97 in Florida, $1,980.93 in New York, and $1,880.42 in Louisiana. In the same table, the values were $955.98 in Idaho and $934.54 in Maine. These are named state observations from the NAIC expenditure table; they are not household budgets or individual policy quotes. Source: NAIC, 2024 Auto Insurance Database Average Premium Supplement, Table 4, p. 18
| State | 2024 average expenditure per insured vehicle |
|---|---|
| Florida | $2,017.97 |
| New York | $1,980.93 |
| Louisiana | $1,880.42 |
| Idaho | $955.98 |
| Maine | $934.54 |
NAIC also reports that the median state average expenditure was $1,231 in 2024. This is a median across state average-expenditure values, not the countrywide average per insured vehicle. NAIC notes that historical supplement values may change as statistical agents obtain updated insurer information, so comparisons should retain the edition and period attached to the reported figures. Source: NAIC, 2024 Auto Insurance Database Average Premium Supplement, introduction, p. 4
Motor vehicle insurance spending statistics: liability and collision premiums
NAIC’s coverage tables provide average premiums for private-passenger insurance by coverage type. For liability, the countrywide average premium per written exposure was $660.94 in 2022, $736.43 in 2023, and $813.27 in 2024. For collision, the corresponding figures were $400.44 in 2022, $463.45 in 2023, and $516.39 in 2024. The source’s scope is voluntary and residual markets combined. The table unit is dollars per written exposure; it should be preserved when describing these premiums. Source: NAIC, 2024 Auto Insurance Database Average Premium Supplement, Table 1C, p. 11, and Table 2C, p. 14
| Coverage | 2022 average premium per written exposure | 2023 average premium per written exposure | 2024 average premium per written exposure |
|---|---|---|---|
| Liability | $660.94 | $736.43 | $813.27 |
| Collision | $400.44 | $463.45 | $516.39 |
These are coverage-specific averages, not total household outlays. Liability and collision are reported separately in their own tables, with the same stated unit and years in this comparison. Reading them alongside the BLS household series requires care: the BLS statistic averages consumer-unit spending, while the NAIC coverage figures use written exposure as the denominator. Source: NAIC, 2024 Auto Insurance Database Average Premium Supplement, Tables 1C and 2C; BLS, Consumer expenditures in 2024
motor vehicle insurance spending: Auto insurance comprehensive premiums and combined average premium
For comprehensive coverage, NAIC reports a countrywide average premium per written exposure of $196.22 in 2022, $238.63 in 2023, and $283.15 in 2024. The combined average premium, covering liability, collision, and comprehensive, was $1,257.59 in 2022, $1,438.51 in 2023, and $1,612.81 in 2024. Both series are countrywide private-passenger automobile figures for voluntary and residual markets combined. Source: NAIC, 2024 Auto Insurance Database Average Premium Supplement, Table 3C, p. 17, and Table 5, p. 19
| NAIC countrywide measure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Comprehensive average premium per written exposure | $196.22 | $238.63 | $283.15 |
| Combined average premium | $1,257.59 | $1,438.51 | $1,612.81 |
The combined average premium is the source’s measure for liability, collision, and comprehensive together. It is useful to keep that definition distinct from expenditure per insured vehicle and from household spending. Across these statistics, the denominator and scope answer different questions: BLS reports what consumer units spent on vehicle insurance, while NAIC reports private-passenger insurance expenditure or premiums using insured-vehicle or written-exposure measures. Each figure therefore belongs with its original population, unit, and year. Source: NAIC, 2024 Auto Insurance Database Average Premium Supplement, Tables 3C and 5; BLS, Consumer expenditures in 2024
Sources
- Consumer expenditures in 2024
- Military status within consumer unit: Average annual expenditures and sources of income, Consumer Expenditure Surveys, 2024
- Table 1800. Region of residence: Annual expenditure means, standard errors, and relative standard errors, Consumer Expenditure Surveys, 2021–2022
- 2024 Auto Insurance Database Average Premium Supplement