How Many Renters Have Renters Insurance In America? 21+ Renters Insurance Stats!
Only 55% of Americans that rent have insurance; however, because the best renters insurance companies online cost around $15.58 per month, it’s strange that a greater number of individuals do not have coverage. We’ll look at renter’s insurance statistics and how Americans protect their rental houses in this post.
Top Renters Insurance Statistics:
As of 2025, only 55% of renters in the United States (61 Million) had renters insurance. The average renters insurance plan costs $15.58 per month or $187 per year.More than 35% of all occupied housing units in the United States are rented.Americans in Mississippi have the highest renters insurance premiums.Alaska has the lowest renters insurance premiums of any state.State Farm has the greatest market share in the home and renter’s insurance industryPercent Of Americans With Renters Insurance
How Many People Have Renters Insurance In America?
57% of Americans who rent have renters insurance, and with there being nearly 45 million renter households in the United States, that comes to almost 25 million households covered for renters insurance.
Number of Renters With Renters Insurance (By State)
Based on the number of renters, California, New York, Texas, Florida, and Illinois would have the greatest number of insured renters, whereas Wyoming, Vermont, Alaska, Montana, and South Dakota would have the fewest.
Below is a complete list of renters with renters insurance by their state:
STATE
Number Of Renters With Insurance
Alabama
212,782
Alaska
30,655
Arizona
466,048
Arkansas
117,393
California
3,821,246
Colorado
430,168
Connecticut
215,679
Delaware
51,492
District Of Columbia
261.10
Florida
1,618,351
Georgia
636,093
Hawaii
101,515
Idaho
57,579
Illinois
799,641
Indiana
304,000
Iowa
157,370
Kansas
130,639
Kentucky
192,964
Louisiana
180,356
Maine
50,078
Maryland
500,456
Massachusetts
509,211
Michigan
472,931
Minnesota
374,845
Mississippi
115,887
Missouri
248,308
Montana
35,154
Nebraska
118,248
Nevada
251,058
New Hampshire
78,360
New Jersey
667,159
New Mexico
71,550
New York
2,627,750
North Carolina
572,180
North Dakota
74,428
Ohio
615,542
Oklahoma
162,284
Oregon
291,279
Pennsylvania
543,859
Rhode Island
60,084
South Carolina
220,709
South Dakota
47,091
Tennessee
340,780
Texas
2,345,736
Utah
157,651
Vermont
24,027
Virginia
595,903
Washington
606,670
West Virginia
49,420
Wisconsin
341,348
Wyoming
18,487
Key Stats:
In 2017, the average renters insurance premium dropped by 2.7% – a decrease of 3.9% from the year beforeIn 2017, the National Multifamily Housing Council (NMHC) found that 50% of renters were under the age of 30.In 2014, the Insurance Information Institute found that only 36% of renters had renters insurance.According to the Insurance Information Institute, a typical renters insurance deductible is $500.Renters Insurance Companies By Market Share
Who Is The Largest Renters Insurance Company in America?
According to the NAIC, which ranks insurance companies by their market share total, State Farm is the most popular renters insurance company in the United States (18.63 percent market share). CSAA Insurance Group has a 1.04 percent market share, making it the smallest renters insurance firm.
Below is a detailed list of insurance companies and their market share in alphabetical order:
Allstate – 8.44%(AAA) – 0.95%American Family – 3.23%CSAA Insurance Group – 1.04%Erie Insurance – 1.69%Farmers Insurance – 5.96%Liberty Mutual – 6.86%MetLife – 1.17%Nationwide – 3.60%State Farm – 18.63%The Hartford – 1.10%Travelers – 3.76%USAA – 6.05%Concluding Thoughts
Taking Action
It may not be a popular topic, but renters insurance is a great way to protect yourself and your property against the unexpected.
With the average cost of renters insurance being around $15.58 per month, it’s odd that more people don’t have coverage…Don’t let this become an afterthought!
Sources:
NMHC | Insurance Information Institute |
ABOUT THE AUTHOR
Sa El
Sa El is the Co-Founder of Simply Insurance and a licensed Insurance Agent with over 16 years of experience in the industry. He specializes in Life & Health Insurance and is certified in Long Term Care Insurance in the state of Georgia. a licensed real estate agent in the state of Georgia (License #382602), an entrepreneur, insurance educator, and freelance writer.
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