| Average Premiums for Homeowners and Renters Insurance, 2012-2021 (1) |
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|
| Year |
Homeowners (2) |
Percent change |
Renters (3) |
Percent change |
| 2012 |
1,034 |
5.6% |
187 |
(4) |
| 2013 |
1,096 |
6.0 |
188 |
0.5% |
| 2014 |
1,132 |
3.3 |
190 |
1.1 |
| 2015 |
1,173 |
3.6 |
188 |
-1.1 |
| 2016 |
1,192 |
1.6 |
185 |
-1.6 |
| 2017 |
1,211 |
1.6 |
180 |
-2.7 |
| 2018 |
1,249 |
3.1 |
179 |
-0.6 |
| 2019 |
1,272 |
1.8 |
174 |
-2.8 |
| 2020 |
1,311 |
3.1 |
173 |
-0.6 |
| 2021 |
1,411 |
7.6 |
170 |
-1.7 |
(1) Includes state funds, residual markets and some wind pools.
(2) 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 and broad named-peril coverage on personal property, and is the most common package written.
(3) Based on the HO-4 renters insurance policy for tenants. Includes broad named-peril coverage for the personal property of tenants.
(4) Less than 0.1 percent.
Source: National Association of Insurance Commissioners (NAIC). Further reprint or distribution strictly prohibited without written permission of NAIC. |
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