2025 U.S. Auto Insurance Market Size and Household Spending Report
doxo has released two new reports that together reveal Americans spend a combined $717 billion per year on auto insurance and auto loans. The 2025 U.S. Auto Insurance Market Size and Household Spending Report and the 2025 U.S. Auto Loan Market Size and Household Spending Report are based on a statistical analysis of actual household payments across 97% of U.S. zip codes.
The reports determined that U.S. households that pay for both auto insurance and an auto loan spend a median of $575 per month, or $6,900 annually.
The report provides a detailed breakdown of the market size, percentage of households that pay for auto insurance, and the median monthly and annual cost for auto insurance by state, as well as the 50 largest cities in the United States (based on the number of households) and cities with a population of 40,000 or more.
Auto Insurance Market Size and Household Spending
- Total Auto Insurance Market Size: $239 billion
- Median Monthly/Annual Bill Payment: $105 per month; $1,260 per year
- Percent of Households: 80% of U.S. households pay Auto Insurance
- Percent of Household Bill Pay Expense: Auto Insurance bills amount to 2% of consumers’ household bill pay costs per year
For detailed information on the cost of car loans by state and for the largest U.S. cities, please refer to our 2025 U.S. Auto Loan Market Size and Household Spending Report.
¹Median Monthly Auto Insurance Bill x 12 months per year = Median Annual Cost per U.S. Household.
U.S. Auto Insurance Market Size and
Household Spending
A comprehensive look into the auto insurance industry, with a deep dive into category market size and median spend at the national, state, and regional level.
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