III - INSURED HOMES BY STATE

CONTRIBUTION TO STATE ECONOMIES

The chart below shows the number of owned housing units by state. A 2006 Insurance Research Council poll found that 96 percent homeowners had homeowners insurance while 43 percent of renters had renters insurance.

OWNER OCCUPIED HOUSING BY STATE, 2004

(000)

State	Owner occupied housing by state
Alabama	1,263
Alaska	150
Arizona	1,464
Arkansas	720
California	7,012
Colorado	1,269
Connecticut	928
Delaware	226
D.C.	108
Florida	4,808
Georgia	2,172
Hawaii	252
Idaho	373
Illinois	3,227
Indiana	1,733
Iowa	868
Kansas	748
Kentucky	1,156
Louisiana	1,135
Maine	390
Maryland	1,444
Massachusetts	1,572
Michigan	2,929
Minnesota	1,547
Mississippi	748
Missouri	1,635
Montana	253
Nebraska	470
Nevada	534
New Hampshire	357
New Jersey	2,134
New Mexico	493
New York	3,941
North Carolina	2,305
North Dakota	179
Ohio	3,150
Oklahoma	928
Oregon	899
Pennsylvania	3,506
Rhode Island	253
South Carolina	1,124
South Dakota	208
Tennessee	1,620
Texas	5,075
Utah	544
Vermont	183
Virginia	1,969
Washington	1,548
West Virginia	545
Wisconsin	1,519
Wyoming	142
United States	73,754
Source: U.S. Census.

AVERAGE PREMIUMS FOR HOMEOWNERS AND RENTERS INSURANCE, BY STATE, 2005

	Homeowners		Renters			Homeowners		Renters
State	Average premium (1)	Rank	Average premium (2)		State	Average premium (1)	Rank	Average premium (2)	Rank
Alabama	$847	9	$225	6	Montana	$663	29	$163	35
Alaska	837	11	184	21	Nebraska	767	20	157	40
Arizona	635	38	219	9	Nevada	671	28	211	13
Arkansas	775	19	218	10	New Hampshire	636	37	157	41
California (3)	895	7	257	2	New Jersey	682	26	179	22
Colorado	807	17	174	25	New Mexico	605	42	203	15
Connecticut	823	15	199	17	New York	842	10	223	7
Delaware	498	47	158	37	North Carolina	644	33	153	42
Dist. of Columbia	963	5	188	20	North Dakota	736	21	128	49
Florida	1,083	3	202	16	Ohio	531	46	166	32
Georgia	672	27	214	12	Oklahoma	996	4	242	5
Hawaii	837	12	215	11	Oregon	491	49	168	31
Idaho	457	51	157	39	Pennsylvania	624	40	150	44
Illinois	660	30	174	26	Rhode Island	849	8	193	18
Indiana	639	36	177	23	South Carolina	817	16	189	19
Iowa	594	43	139	48	South Dakota	622	41	124	51
Kansas	836	13	173	27	Tennessee	692	24	209	14
Kentucky	628	39	163	33	Texas (4)	1,372	1	269	1
Louisiana	1,144	2	244	4	Utah	477	50	146	47
Maine	553	45	147	46	Vermont	646	32	159	36
Maryland	696	23	163	34	Virginia	641	34	149	45
Massachusetts	827	14	220	8	Washington	589	44	173	30
Michigan	734	22	173	28	West Virginia	640	35	177	24
Minnesota	790	18	150	43	Wisconsin	495	48	126	50
Mississippi	939	6	253	3	Wyoming	649	31	158	38
Missouri	688	25	173	29	United States	$764		$193
(1) Based on the HO-3 homeowner package policy for owner-occupied dwellings, 1 to 4 family units. Provides “all risks” coverage (except those specifically excluded in the policy) on buildings, broad named-peril coverage on personal property, and is the most common package written. (2) Based on the HO-4 renters insurance policy for tenants. Includes broad named-peril coverage for the personal property of tenants. (3) California data were provided by the California Department of Insurance. (4) The Texas Department of Insurance developed home insurance policy forms that are similar but not identical to the standard forms. Note: Average premium=Premiums/exposure per house-years. A house-year is equal to 365 days of insured coverage for a single dwelling. The NAIC does not rank State Average Expenditures and does not endorse any conclusions drawn from this data. Source: © 2007 National Association of Insurance Commissioners. Reprinted with permission. Further reprint or distribution strictly prohibited without written permission of NAIC.

THE TOP TEN MOST EXPENSIVE AND LEAST EXPENSIVE
STATES FOR HOMEOWNERS INSURANCE, 2005

Rank	Most expensive states	Homeowners average premium (1)	Rank	Least expensive states	Homeowners average premium (1)
1	Texas (2)	$1,372	1	Idaho	$457
2	Louisiana	1,144	2	Utah	477
3	Florida	1,083	3	Oregon	491
4	Oklahoma	996	4	Wisconsin	495
5	D.C.	963	5	Delaware	498
6	Mississippi	939	6	Ohio	531
7	California (3)	895	7	Maine	553
8	Rhode Island	849	8	Washington	589
9	Alabama	847	9	Iowa	594
10	New York	842	10	New Mexico	605
(1) Based on the HO-3 homeowner package policy for owner-occupied dwellings, 1 to 4 family units. Provides “all risks” coverage (except those specifically excluded in the policy) on buildings, broad named-peril coverage on personal property, and is the most common package written. (2) The Texas Department of Insurance developed home insurance policy forms that are similar but not identical to the standard forms. (3) California data were provided by the California Department of Insurance. Note: Average premium=Premiums/exposure per house-years. A house-year is equal to 365 days of insured coverage for a single dwelling. The NAIC does not rank State Average Expenditures and does not endorse any conclusions drawn from this data. Source: © 2007 National Association of Insurance Commissioners. Reprinted with permission. Further reprint or distribution strictly prohibited without written permission of NAIC.