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Homeowners

Facts + Statistics: Homeowners and renters insurance

Homeowners insurance premiums

The average homeowners insurance premium rose by 7.6 percent in 2021 from 2020, according to a December 2023 study by the National Association of Insurance Commissioners, the latest data available. The average renters insurance premium fell by 1.7 percent in 2021 marking the seventh consecutive annual decline.

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.

Contractor fraud awareness tips

Learn how to avoid contractor fraud with these tips. Victims of disasters such as a hurricane or wildfire should watch out for dishonest service providers when it is time to repair or rebuild their home. A guide to protecting yourself from crooked contractors.

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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.

Spotlight on: Dog bite liability

Overview

About 65 million U.S. households own dogs, according to the American Pet Products Association’s 2023-2024 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.

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: Sports injuries

Sports injuries

According to the National Safety Council (NSC), in 2023 exercise equipment accounted for an estimated 482,886 injuries, the most in any sports and recreation category.

Facts + Statistics: Lightning

According to the National Weather Service, there were 13 direct lightning fatalities in 2023, compared to 19 in 2022. On average, based on data from 2014 to 2023, 23 people die each year from lightning strikes in the United States.

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.

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