Renters insurance costs vary significantly throughout the United States. In 2018, the average premium for a renters insurance in Mississippi was 252 U.S. dollars, the highest of any state. The lowest was North Dakota, with an average premium of 126 U.S. dollars.
Value of average renters insurance premiums in the United States in 2018, by state
(in U.S. dollars)
* The Texas Department of Insurance developed home insurance policy forms that are similar but not identical to the standard forms. In addition, due to the Texas Windstorm Association (which writes wind-only policies) classifying HO-1, 2 and 5 premiums as HO-3, the average premium for homeowners insurance is artificially high.
Based on the HO-4 renters insurance policy for tenants. Includes broad named-peril coverage for the personal property of tenants.
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Insurance Information Institute. (December 31, 2020). Value of average renters insurance premiums in the United States in 2018, by state (in U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/802897/average-premiums-for-renters-insurance-usa-by-state/
Insurance Information Institute. "Value of average renters insurance premiums in the United States in 2018, by state (in U.S. dollars)." Chart. December 31, 2020. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/802897/average-premiums-for-renters-insurance-usa-by-state/
Insurance Information Institute. (2020). Value of average renters insurance premiums in the United States in 2018, by state (in U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/802897/average-premiums-for-renters-insurance-usa-by-state/
Insurance Information Institute. "Value of Average Renters Insurance Premiums in The United States in 2018, by State (in U.S. Dollars)." Statista, Statista Inc., 31 Dec 2020, https://www.statista.com/statistics/802897/average-premiums-for-renters-insurance-usa-by-state/
Insurance Information Institute, Value of average renters insurance premiums in the United States in 2018, by state (in U.S. dollars) Statista, https://www.statista.com/statistics/802897/average-premiums-for-renters-insurance-usa-by-state/ (last visited December 21, 2024)
Value of average renters insurance premiums in the United States in 2018, by state (in U.S. dollars) [Graph], Insurance Information Institute, December 31, 2020. [Online]. Available: https://www.statista.com/statistics/802897/average-premiums-for-renters-insurance-usa-by-state/
