Homeowners & Renters

Facts + Statistics: Renters insurance

According to the National Association of Insurance Commissioners:
- The average premiums for renters insurance in 2021 was $170.
- Renters in Mississippi, Louisiana and Alabama had the highest renters insurance premiums.
- Renters in North Dakota, South Dakota and Wisconsin had the lowest premiums.
According to data from the US Department of Commerce, the US Census Bureau, and American Community Survey:
- The percent of renter occupied units spending more than 30 percent on rent and utilities in 2022 was 48.2 percent. Florida, Nevada, and California had the largest percentage of rental units in which occupants spent at least 30 percent of their household income on rent and utilities.

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