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Insured Losses

Facts + Statistics: Homeowners and renters insurance

Homeowners insurance premiums

The average homeowners insurance premium rose by 11.2 percent in 2022 from 2021, according to a May 2025 study by the National Association of Insurance Commissioners, the latest data available. The average renters insurance premium rose by 0.6 percent in 2022 breaking seven consecutive annual declines. 

Facts + Statistics: Hurricanes

The official Atlantic hurricane season runs from June through November, but occasionally storms form outside those months. Seasonal hurricane forecasting from Colorado State University is available here.

2016 Consumer Insurance Survey

The I.I.I. conducted this survey to collect and measure consumers and homeowners knowledge and sentiments about insurance, including: 


  • What they know about insurance—including the purchase of separate policies to cover flood and earthquake damage
  • Their attitudes toward the cost of their insurance coverage
  • How they comparison shop for homeowners insurance; among other topics. 

 

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Background on: Wildfires

Overview

Fire plays an important role in the life of a forest, clearing away dead wood and undergrowth to make way for younger trees. But for much of the last century, fire-suppression policies have sought to extinguish wildfires as quickly as possible to preserve timber and real estate. This approach has led to the accumulation of brush and other vegetation that is easily ignited and serves as fuel for wildfires.

Spotlight on: Dog bite liability

Overview

About 68 million U.S. households own dogs, according to the American Pet Products Association’s 2024-2025 Pet Owners Survey. The American Veterinary Medical Association states there are nearly 90 million dogs living in U.S. households. About 4.5 million people are bitten by dogs each year, most of them children.

Spotlight on: Flood insurance

Overview

Flooding is the most common and costly natural disaster in the United States, causing billions in economic losses each year. According to the National Flood Insurance Program (NFIP), 90 percent of all natural disasters in the United States involve flooding.

Facts + Statistics: Renters insurance

  • According to the National Association of Insurance Commissioners: 
    • The average premiums for renters insurance in 2022 was $171.
    • Renters in Mississippi, Louisiana, and Alabama had the highest renters insurance premiums.
    • Renters in North Dakota, South Dakota, and Minnesota had the lowest premiums.
  • According to data from the US Department of Commerce, the US Census Bureau, and American Community Survey:

    Facts + Statistics: Pet Ownership and Insurance

    Pet insurance

    According to the North American Pet Health Insurance Association, (NAPHIA), pet insurance has existed outside the U.S. since the early 1900’s. Lassie, the famous TV collie, received the first pet insurance policy issued in the U.S. in 1982.

    Facts + Statistics: Hail

    NOAA’s National Weather Service Storm Prediction Center Annual Severe Weather Report Summary reported 5,373 hail events in 2024 compared to 6,962 in 2023. Texas and Kansas had the largest number of hail events according to NOAA in 2024.

    Facts + Statistics: Lightning

    According to the National Weather Center and National Lightning Safety Council there were 12 direct lightning fatalities in 2024, compared to 14 in 2023. On average, based on data from 2015 to 2024, 20 people die each year from lightning strikes in the United States.

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