In a sense, American society is an "insurance" society. Insurance is everywhere and all-encompassing. It involves all aspects of people's lives, which may be the biggest difference between living in the United States and China. Li Yao and his wife, who have studied in the United States for more than four years, told the Economic Information Daily that they just got a "green card" this year and participated in medical, residential and automobile insurance. The annual insurance amount is about $4,000, and I plan to buy another life insurance recently.
It is understood that there are about 8,000 large and small insurance companies in the United States, with 2.3 million employees in the insurance industry, and the annual premium income is calculated in hundreds of billions of dollars. On average, almost every family has at least seven or eight insurance policies. Of course, due to different income levels, each person and each family choose different insurance items and different premiums, but most people will use part of their monthly salary to pay various premiums. Among them, automobile insurance, residential insurance, health insurance, life insurance and commercial insurance are the five most closely related and common types of insurance.
Conclusion: The average American has 6-7 insurances.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.