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.
Home inventories
According to a 2023 Triple-I/Munich Re Consumer Survey, 47 percent of homeowners said they prepared an inventory of their possessions to help document losses for their insurers.
Causes of homeowners insurance losses
In 2023, 5.3 percent of insured homes had a claim, according to ISO. Property damage, including theft, accounted for 97.3 percent of homeowners insurance claims in 2023 (latest data available). Changes in the percentage of each type of homeowners loss from one year to another are partially influenced by large fluctuations in the number and severity of weather-related events such as hurricanes and winter storms. There are two ways of looking at losses: by the average number of claims filed per 100 policies (frequency) and by the average amount paid for each claim (severity). The loss category “water damage and freezing” includes damage caused by mold, if covered.
- In 2023, 5.3 percent of insured homes experienced a claim, compared with 6.4 percent in 2020.
Homeowners Insurance Losses, 2019-2023 (1)
| Year |
Claim frequency (2) |
Claim severity (3) |
Year |
Claim frequency (2) |
Claim severity (3) |
| 2019 |
5.37 |
$13,884 |
2022 |
5.81 |
$19,740 |
| 2020 |
6.37 |
14,864 |
2023 |
5.33 |
20,062 |
| 2021 |
5.34 |
16,601 |
Average (4) |
5.64 |
$17,059 |
(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium policies. Excludes Alaska, Texas and Puerto Rico.
(2) Claims per 100 house-years (policies). One house-year represents policy coverage on a dwelling for 12 months.
(3) Average amount paid per claim; based on accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) Weighted average, 2019-2023.
Source: ISO®, a Verisk Analytics® business.
Homeowners Insurance Losses By Cause, 2019-2023 (1)
| Cause of loss |
2019 |
2020 |
2021 |
2022 |
2023 |
| Property damage (2) |
96.2% |
96.7% |
96.3% |
97.0% |
97.3% |
| Wind and hail |
38.1 |
47.7 |
38.9 |
45.4 |
42.5 |
| Water damage and freezing |
28.7 |
19.8 |
23.7 |
25.8 |
22.6 |
| Fire and lightning |
21.2 |
21.2 |
22.8 |
18.7 |
21.6 |
| Theft |
1.0 |
0.6 |
0.7 |
0.6 |
0.6 |
| All other property damage (3) |
7.1 |
7.4 |
10.1 |
6.5 |
10.0 |
| Liability (4) |
3.3% |
2.9% |
3.4% |
2.6% |
2.1% |
| Bodily injury and property damage |
3.0 |
2.6 |
3.0 |
2.3 |
1.7 |
| Medical payments and other |
0.3 |
0.3 |
0.3 |
0.3 |
0.4 |
| Credit card and other (5) |
0.5 |
0.4 |
0.4 |
0.4 |
0.6 |
| Total |
100.0% |
100.0% |
100.0% |
100.0% |
100.0% |
(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium owners policies. Excludes Alaska, Texas and Puerto Rico.
(2) First party, i.e., covers damage to policyholder’s own property.
(3) Includes vandalism and malicious mischief.
(4) Payments to others for which policyholder is responsible.
(5) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
Source: ISO®, a Verisk Analytics® business.
Average Homeowners Losses, 2019-2023 (1)
| Cause of loss |
Claim frequency (2) |
Claim severity (3) |
| Property damage (4) |
5.53 |
$16,857 |
| Fire and lightning |
0.23 |
88,170 |
| Water damage and freezing |
1.50 |
15,400 |
| Wind and hail |
2.80 |
14,747 |
| Theft |
0.12 |
5,524 |
| All other (5) |
0.88 |
9,043 |
| Liability (6) |
0.09 |
$29,880 |
| Bodily injury and property damage |
0.06 |
37,174 |
| Medical payments and other |
0.03 |
11,886 |
| Credit card and other (7) |
0.03 |
$16,080 |
Average (property damage
and liability), 2019-2023 |
5.64 |
$17,059 |
(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium owners policies. Excludes Alaska, Texas and Puerto Rico.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) First party, i.e., covers damage to policyholder’s own property.
(5) Includes vandalism and malicious mischief.
(6) Payments to others for which policyholder is responsible.
(7) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
(8) Less than 0.01.
(9) Claim severity for credit card and other is significantly lower than was shown in previous years due to a change in the companies surveyed to produce the data. The new selection of companies use different exclusions which have been applied throughout the five years used in this chart.
Source: ISO®, a Verisk Analytics® business.
Homeowners Insurance Non-Catastrophe Fire Losses, Severity And Frequency, 2020-2024 (1)
| Year |
Claim frequency (2) |
Claim severity (3) |
Year |
Claim frequency (2) |
Claim severity (3) |
| 2020 |
0.15 |
$99,613 |
2023 |
0.14 |
144,328 |
| 2021 |
0.15 |
115,785 |
2024 |
0.13 |
173,111 |
| 2022 |
0.16 |
127,316 |
Average (4) |
0.14 |
$130,752 |
(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium policies. Excludes Alaska, Texas and Puerto Rico.
(2) Claims per 100 house-years (policies). One house-year represents policy coverage on a dwelling for 12 months.
(3) Average amount paid per claim; based on accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) Weighted average, 2020-2024.
Source: ISO, a Verisk Analytics business.
Homeowners Insurance Claims Frequency*
Each year,
- About one in 18 insured homes has a claim.
- About one in 35 insured homes has a property damage claim related to wind or hail.
- About one in 60 insured homes has a property damage claim caused by water damage or freezing.
- About one in 425 insured homes has a property damage claim related to fire and lightning.
- About one in 700 insured homes has a property damage claim due to theft
- About one in 1,100 homeowners policies has a liability claim related to the cost of lawsuits for bodily injury or property damage that the policyholder or family members cause to others.
*Insurance Information Institute calculations, based on ISO®, a Verisk Analytics® business, data for homeowners insurance claims from 2018-2020 (see table above).
Consumer prices
To shed light on inflation, the Bureau of Labor Statistics maintains a consumer price index (CPI) which tracks monthly and annual changes in the average prices paid by urban consumers for a representative basket of goods and services. The Consumer Price Index for All Urban Consumers (CPI-U) represents data for 93 percent of the U.S. population not living in remote rural areas, institutions, or on military bases. The CPI-U rose 2.6 percent in 2025. The cost of motor vehicle insurance for these consumers increased 6.0 percent in 2025.
Average Premiums For Homeowners And Renters Insurance, 2013-2022 (1)
| Year |
Homeowners (2) |
Percent change |
Renters (3) |
Percent change |
| 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 |
| 2022 |
1,569 |
11.2 |
171 |
0.6 |
(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.
Source: National Association of Insurance Commissioners (NAIC). Further reprint or distribution strictly prohibited without written permission of NAIC.
Average Premiums For Homeowners And Renters Insurance By State, 2022 (1)
|
Homeowners |
Renters |
|
Homeowners |
Renters |
| State |
Average
premium (2) |
Rank (3) |
Average
premium (4) |
Rank (3) |
State |
Average
premium (2) |
Rank (3) |
Average
premium (4) |
Rank (3) |
| Alabama |
$1,748 |
13 |
$219 |
3 |
Montana |
$1,639 |
17 |
$156 |
31 |
| Alaska |
1,129 |
38 |
186 |
9 |
Nebraska |
1,869 |
9 |
144 |
45 |
| Arizona |
1,018 |
45 |
163 |
25 |
Nevada |
948 |
49 |
174 |
16 |
| Arkansas |
1,740 |
14 |
205 |
5 |
New Hampshire |
1,188 |
36 |
150 |
40 |
| California (5) |
1,492 |
23 |
169 |
22 |
New Jersey |
1,417 |
26 |
151 |
37 |
| Colorado |
2,079 |
5 |
158 |
30 |
New Mexico |
1,322 |
33 |
177 |
14 |
| Connecticut |
1,814 |
10 |
175 |
15 |
New York |
1,628 |
18 |
169 |
22 |
| Delaware |
1,103 |
42 |
147 |
41 |
North Carolina |
1,621 |
19 |
170 |
21 |
| D.C. |
1,384 |
28 |
153 |
35 |
North Dakota |
1,325 |
32 |
123 |
51 |
| Florida |
2,677 |
1 |
181 |
11 |
Ohio |
995 |
47 |
160 |
27 |
| Georgia |
1,655 |
16 |
205 |
5 |
Oklahoma |
2,268 |
4 |
216 |
4 |
| Hawaii |
1,431 |
25 |
174 |
16 |
Oregon |
893 |
51 |
155 |
32 |
| Idaho |
1,002 |
46 |
147 |
41 |
Pennsylvania |
1,120 |
39 |
151 |
37 |
| Illinois |
1,343 |
30 |
151 |
37 |
Rhode Island |
2,074 |
6 |
181 |
11 |
| Indiana |
1,191 |
35 |
168 |
24 |
South Carolina |
1,571 |
22 |
186 |
9 |
| Iowa |
1,268 |
34 |
144 |
45 |
South Dakota |
1,756 |
12 |
129 |
50 |
| Kansas |
1,583 |
21 |
159 |
28 |
Tennessee |
1,492 |
23 |
187 |
8 |
| Kentucky |
1,359 |
29 |
159 |
28 |
Texas (6) |
2,397 |
3 |
199 |
7 |
| Louisiana |
2,603 |
2 |
243 |
2 |
Utah |
937 |
50 |
145 |
43 |
| Maine |
1,077 |
43 |
145 |
43 |
Vermont |
1,109 |
41 |
154 |
34 |
| Maryland |
1,392 |
27 |
155 |
32 |
Virginia |
1,332 |
31 |
152 |
36 |
| Massachusetts |
1,871 |
8 |
173 |
18 |
Washington |
1,151 |
37 |
162 |
26 |
| Michigan |
1,056 |
44 |
180 |
13 |
West Virginia |
1,113 |
40 |
173 |
18 |
| Minnesota |
1,774 |
11 |
135 |
49 |
Wisconsin |
957 |
48 |
141 |
48 |
| Mississippi |
1,907 |
7 |
262 |
1 |
Wyoming |
1,596 |
20 |
142 |
47 |
| Missouri |
1,668 |
15 |
173 |
18 |
United States |
$1,569 |
|
$171 |
|
(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) Ranked from highest to lowest. States with the same premium receive the same rank.
(4) Based on the HO-4 renters insurance policy for tenants. Includes broad named-peril coverage for the personal property of tenants.
(5) Data provided by the California Department of Insurance.
(6) Texas data were obtained from the Texas Department of Insurance.
Note: Average premium=Premiums/exposure per house years. A house year is equal to 365 days of insured coverage for a single dwelling. The NAIC does not rank state average premiums and does not endorse any conclusions drawn from this data.
Source: National Association of Insurance Commissioners (NAIC). Further reprint or distribution strictly prohibited without written permission of NAIC.
Top 10 Most Expensive And Least Expensive States For Homeowners Insurance Premiums, 2022 (1)
| Rank (2) |
Most expensive states |
Average premium (3) |
Rank (2) |
Least expensive states |
Average premium (3) |
| 1 |
Florida |
$2,677 |
1 |
Oregon |
$893 |
| 2 |
Louisiana |
2,603 |
2 |
Utah |
937 |
| 3 |
Texas (4) |
2,397 |
3 |
Nevada |
948 |
| 4 |
Oklahoma |
2,268 |
4 |
Wisconsin |
957 |
| 5 |
Colorado |
2,079 |
5 |
Ohio |
995 |
| 6 |
Rhode Island |
2,074 |
6 |
Idaho |
1,002 |
| 7 |
Mississippi |
1,907 |
7 |
Arizona |
1,018 |
| 8 |
Massachusetts |
1,871 |
8 |
Michigan |
1,056 |
| 9 |
Nebraska |
1,869 |
9 |
Maine |
1,077 |
| 10 |
Connecticut |
1,814 |
10 |
Delaware |
1,103 |
(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) Ranked from highest to lowest. States with the same premium receive the same rank.
(4) Texas data were obtained from the Texas Department of Insurance.
Note: Average premium=Premiums/exposure per house years. A house year is equal to 365 days of insured coverage for a single dwelling. The NAIC does not rank state average premiums and does not endorse any conclusions drawn from this data.
Source: National Association of Insurance Commissioners (NAIC). Further reprint or distribution strictly prohibited without written permission of NAIC.
Top 10 Writers Of Homeowners Insurance By Direct Premiums Written, 2024
| Rank |
Group/company |
Direct premiums written (1) |
Market share (2) |
| 1 |
State Farm |
$31,461,022 |
18.2% |
| 2 |
Allstate Corp. |
15,489,753 |
9.0 |
| 3 |
USAA Insurance Group |
11,902,997 |
6.9 |
| 4 |
Liberty Mutual |
10,610,141 |
6.1 |
| 5 |
Farmers Insurance Group of Companies |
9,516,235 |
5.5 |
| 6 |
American Family Insurance Group |
8,618,179 |
5.0 |
| 7 |
Travelers Companies Inc. |
8,153,827 |
4.7 |
| 8 |
Chubb Ltd. |
4,389,291 |
2.5 |
| 9 |
Nationwide Mutual Group |
3,726,471 |
2.2 |
| 10 |
Auto-Owners Insurance |
3,331,923 |
1.9 |
(1) Before reinsurance transactions, includes state funds.
(2) Based on U.S. total, excluding territories.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Homeowners Insurance Industry Underwriting Expenses, 2024 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
|
| Loss and loss adjustment expense (LAE) ratio |
73.4% |
| Incurred losses |
65.2 |
| Defense and cost containment expenses incurred |
1.5 |
| Adjusting and other expenses incurred |
6.6 |
| Operating expenses (3) |
|
| Expense ratio |
26.0% |
| Net commissions and brokerage expenses incurred |
11.6 |
| Taxes, licenses and fees |
2.7 |
| Other acquisition and field supervision expenses incurred |
6.5 |
| General expenses incurred |
5.1 |
| Dividends to policyholders (2) |
0.4% |
| Combined ratio after dividends (4) |
99.7% |
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($135.6 billion in 2024).
(3) As a percent of net premiums written ($145.7 billion in 2024).
(4) Sum of loss and LAE, expense and dividends ratios. Calculated from unrounded data.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Home injuries
In 2023, 35.2 million Americans experienced an unintentional injury in the home that required aid from a medical professional, according to an analysis by the National Safety Council (NSC). There were 125,700 deaths from this type of injury in 2023, down 2.4 percent from 2022. The overall death rate lowered to 37.5 deaths per 100,000 people in 2023, an increase from 28 deaths per 100,000 people in 1912. Poisonings and falls are driving the boom, making up a combined 86.7 percent of unintentional injury deaths
High-risk markets
A myriad of different programs across the United States provide insurance to owners of property in high-risk areas who may have difficulty obtaining coverage from the standard insurance market. Residual, shared or involuntary market programs make basic insurance coverage more readily available. Today, property insurance for the residual market is provided by Fair Access to Insurance Requirements (FAIR) plans, beach and windstorm plans, and two state-run insurance companies in Florida and Louisiana: Florida’s Citizens Property Insurance Corp. and Louisiana’s Citizens Property Insurance Corp. Established in the late 1960s to ensure the continued provision of insurance in urban areas, FAIR plans often provide property insurance in both urban and coastal areas. Beach and windstorm plans cover predominantly wind-only risks in designated coastal areas. Over the past four decades FAIR and beach and windstorm plans experienced explosive growth both in the number of policies and in exposure value.
Insurance Provided By FAIR Plans, Fiscal Years 2015-2024 (1)
|
Number of policies |
|
|
| State |
Habitational |
Commercial |
Total |
Exposure (2)
($000) |
Direct premiums
written ($000) |
| 2015 |
1,728,423 |
51,443 |
1,779,866 |
$373,829,442 |
$2,198,182 |
| 2016 |
1,498,430 |
37,522 |
1,535,952 |
343,141,990 |
1,865,744 |
| 2017 |
1,449,312 |
29,641 |
1,478,953 |
327,209,703 |
1,747,336 |
| 2018 |
1,339,004 |
24,484 |
1,363,488 |
324,765,281 |
1,694,115 |
| 2019 |
1,370,999 |
25,776 |
1,396,775 |
350,545,986 |
1,506,609 |
| 2020 |
1,474,616 |
22,645 |
1,497,261 |
424,815,716 |
2,196,042 |
| 2021 |
1,729,208 |
24,352 |
1,753,560 |
556,808,169 |
3,012,193 |
| 2022 |
2,244,317 |
35,059 |
2,279,376 |
837,330,722 |
4,951,815 |
| 2023 |
2,657,457 |
47,593 |
2,705,050 |
1,068,082,544 |
7,379,977 |
| 2024 |
2,630,055 |
54,870 |
2,684,925 |
1,100,712,246 |
7,648,762 |
(1) Includes the Texas FAIR Plan; Florida’s Citizens Property Insurance Corporation, which includes FAIR and Beach Plans; the Louisiana Citizens Property Insurance Corporation, which includes FAIR and Beach Plans and premiums written after 2007; and North Carolina after 2010.
(2) Exposure is the estimate of the aggregate value of all insurance in force in all FAIR Plans in all lines (except liability, where applicable, and crime) for 12 months ending September through December.
Source: Property Insurance Plans Service Office (PIPSO).
Insurance Provided By Fair Plans By State, Fiscal Year 2024 (1)
| |
Number of policies |
|
|
| State |
Habitational |
Commercial |
Total |
Exposure (2)
($000) |
Direct premiums
written ($000) |
| California |
417,310 |
13,990 |
431,300 |
$429,840,251 |
$1,415,750 |
| Connecticut |
1,187 |
53 |
1,240 |
304,240 |
1,842 |
| Delaware |
1,170 |
57 |
1,227 |
249,532 |
607 |
| D.C. |
116 |
18 |
134 |
70,977 |
194 |
| Florida (3) |
1,321,953 |
13,564 |
1,335,517 |
385,821,636 |
4,597,890 |
| Georgia |
8,778 |
638 |
9,416 |
2,200,620 |
16,250 |
| Hawaii |
2,402 |
(4) |
2,402 |
928,919 |
5,565 |
| Illinois |
1,961 |
62 |
2,023 |
370,022 |
4,346 |
| Indiana |
810 |
30 |
840 |
1,817 |
1,767 |
| Iowa |
1,021 |
22 |
1,043 |
85,679 |
1,140 |
| Kansas |
11,507 |
209 |
11,716 |
949 |
9,412 |
| Kentucky |
4,102 |
175 |
4,277 |
206,094 |
2,551 |
| Louisiana (3) |
151,075 |
10,572 |
161,647 |
41,714,468 |
518,277 |
| Maryland |
678 |
44 |
722 |
326,557 |
854 |
| Massachusetts |
213,928 |
230 |
214,158 |
115,570,275 |
400,850 |
| Michigan |
15,981 |
293 |
16,274 |
2,599,502 |
13,850 |
| Minnesota |
4,160 |
101 |
4,261 |
457,440 |
4,542 |
| Mississippi |
2,237 |
(4) |
2,237 |
137,658 |
1,769 |
| Missouri |
2,041 |
84 |
2,125 |
198,262 |
2,354 |
| New Jersey |
7,029 |
173 |
7,202 |
1,194,598 |
5,535 |
| New Mexico |
7,506 |
306 |
7,812 |
950,673 |
5,956 |
| New York |
20,669 |
1,556 |
22,225 |
7,633,000 |
32,265 |
| North Carolina |
235,990 |
10,165 |
246,155 |
57,330,647 |
278,203 |
| Ohio |
13,942 |
466 |
14,408 |
5,922,806 |
18,034 |
| Oregon |
2,377 |
170 |
2,547 |
840,983 |
3,067 |
| Pennsylvania |
8,982 |
984 |
9,966 |
1,327,698 |
5,345 |
| Rhode Island |
16,029 |
109 |
16,138 |
6,138,905 |
36,730 |
| Texas |
126,680 |
(4) |
126,680 |
32,930,398 |
237,277 |
| Virginia |
22,622 |
503 |
23,125 |
4,291,002 |
20,855 |
| Washington |
306 |
55 |
361 |
176,330 |
858 |
| West Virginia |
260 |
43 |
303 |
30,032 |
274 |
| Wisconsin |
5,246 |
198 |
5,444 |
860,276 |
4,553 |
| Total |
2,630,055 |
54,870 |
2,684,925 |
$1,100,712,246 |
$7,648,762 |
(1) Excludes the FAIR Plans of Arkansas.
(2) Exposure is the estimate of the aggregate value of all insurance in force in all FAIR Plans in all lines (except liability, where applicable, and crime) for 12 months ending September through December.
(3) Citizens Property Insurance Corporation, which combined the FAIR and Beach Plans.
(4) The Hawaii, Mississippi and Texas FAIR Plans do not offer a commercial policy.
Source: Property Insurance Plans Service Office (PIPSO).
Renters and homeowners demographics
In 2024, 65.3 percent of occupied housing units were owner occupied and 34.8 percent were renter occupied, according to the latest U.S. Census figures.
The nation’s homeowners paid a median of $2,035 monthly housing costs in 2024, compared with $1,487 for renters, according to the latest American Community Survey from the U.S. Census Bureau.
However, renters usually paid a higher percentage of their household income on these costs than did owners, 48.2 percent spent 30 percent or more of their income on housing costs in 2024, compared with 29.3 percent of homeowners.
- In 2024, West Virginia, Delaware, Michigan, Maine, and Vermont had the highest percentage of owner-occupied housing units.
- District of Columbia, New York, California, Nevada, and North Dakota had the lowest percentage of owner-occupied units.
Percent Of Occupied Housing Units That Are Owner Occupied, 2024
| State |
Percent |
Rank (1) |
State |
Percent |
Rank (1) |
| Alabama |
71.0% |
13 |
Montana |
68.6% |
19 |
| Alaska |
66.5 |
37 |
Nebraska |
66.7 |
35 |
| Arizona |
67.8 |
28 |
Nevada |
60.1 |
49 |
| Arkansas |
67.1 |
31 |
New Hampshire |
72.6 |
6 |
| California |
55.8 |
50 |
New Jersey |
63.9 |
41 |
| Colorado |
65.9 |
39 |
New Mexico |
71.1 |
12 |
| Connecticut |
66.7 |
35 |
New York |
54.3 |
51 |
| Delaware |
73.8 |
2 |
North Carolina |
66.8 |
33 |
| D.C. |
40.9 |
52 |
North Dakota |
61.2 |
48 |
| Florida |
68.0 |
25 |
Ohio |
68.0 |
25 |
| Georgia |
66.3 |
38 |
Oklahoma |
65.7 |
40 |
| Hawaii |
61.6 |
47 |
Oregon |
63.1 |
43 |
| Idaho |
71.7 |
8 |
Pennsylvania |
69.3 |
17 |
| Illinois |
67.6 |
30 |
Puerto Rico |
69.3 |
17 |
| Indiana |
70.7 |
14 |
Rhode Island |
63.5 |
42 |
| Iowa |
71.3 |
11 |
South Carolina |
72.3 |
7 |
| Kansas |
68.1 |
22 |
South Dakota |
68.3 |
21 |
| Kentucky |
68.1 |
22 |
Tennessee |
66.8 |
33 |
| Louisiana |
68.1 |
22 |
Texas |
62.3 |
46 |
| Maine |
73.3 |
4 |
Utah |
69.6 |
16 |
| Maryland |
67.8 |
28 |
Vermont |
73.2 |
5 |
| Massachusetts |
62.4 |
45 |
Virginia |
67.1 |
31 |
| Michigan |
73.5 |
3 |
Washington |
62.9 |
44 |
| Minnesota |
71.6 |
10 |
West Virginia |
75.5 |
1 |
| Mississippi |
70.5 |
15 |
Wisconsin |
68.0 |
25 |
| Missouri |
68.6 |
19 |
Wyoming |
71.7 |
8 |
| |
|
|
United States |
65.3% |
|
(1) States with the same percentages receive the same rank.
Source: U.S. Department of Commerce, Census Bureau; American Community Survey.
Percent Of Mortgaged Owners Occupied Units Spending 30 Percent Or More Of Their Income On Monthly Owner Costs, 2024
| State |
Percent |
Rank (1) |
State |
Percent |
Rank (1) |
| Alabama |
25.4% |
36 |
Montana |
32.0% |
8 |
| Alaska |
26.8 |
29 |
Nebraska |
24.4 |
39 |
| Arizona |
29.9 |
16 |
Nevada |
32.9 |
6 |
| Arkansas |
22.9 |
46 |
New Hampshire |
27.9 |
23 |
| California |
39.2 |
2 |
New Jersey |
31.9 |
9 |
| Colorado |
31.8 |
10 |
New Mexico |
27.8 |
24 |
| Connecticut |
30.2 |
15 |
New York |
33.4 |
5 |
| Delaware |
27.2 |
26 |
North Carolina |
26.3 |
31 |
| D.C. |
25.6 |
34 |
North Dakota |
20.2 |
51 |
| Florida |
38.1 |
3 |
Ohio |
22.5 |
48 |
| Georgia |
28.6 |
19 |
Oklahoma |
25.5 |
35 |
| Hawaii |
39.5 |
1 |
Oregon |
31.3 |
11 |
| Idaho |
28.0 |
22 |
Pennsylvania |
24.0 |
40 |
| Illinois |
27.2 |
26 |
Puerto Rico |
32.1 |
7 |
| Indiana |
22.0 |
49 |
Rhode Island |
33.8 |
4 |
| Iowa |
21.1 |
50 |
South Carolina |
27.2 |
26 |
| Kansas |
23.1 |
44 |
South Dakota |
23.9 |
41 |
| Kentucky |
22.8 |
47 |
Tennessee |
25.3 |
37 |
| Louisiana |
29.7 |
18 |
Texas |
30.7 |
12 |
| Maine |
26.6 |
30 |
Utah |
27.5 |
25 |
| Maryland |
28.1 |
21 |
Vermont |
28.5 |
20 |
| Massachusetts |
30.6 |
14 |
Virginia |
26.2 |
32 |
| Michigan |
23.9 |
41 |
Washington |
30.7 |
12 |
| Minnesota |
24.6 |
38 |
West Virginia |
19.4 |
52 |
| Mississippi |
26.0 |
33 |
Wisconsin |
23.0 |
45 |
| Missouri |
23.4 |
43 |
Wyoming |
29.9 |
16 |
|
|
|
United States |
29.3% |
|
(1) Percent of mortgaged owner-occupied housing units spending 30 percent or more of household income on selected owner costs such as all mortgage payments (first mortgage, home equity loans, etc.), real estate taxes, property insurance, utilities, fuel and condominium fees if applicable.
(2) States with the same percentages receive the same rank.
Source: U.S. Department of Commerce, Census Bureau; American Community Survey.
Percent Of Renter Occupied Units Spending 30 Percent Or More Of Their Income On Rent And Utilities, 2024
| State |
Percent (1) |
Rank (2) |
State |
Percent (1) |
Rank (2) |
| Alabama |
41.6% |
40 |
Montana |
38.6% |
47 |
| Alaska |
37.4 |
50 |
Nebraska |
43.5 |
36 |
| Arizona |
49.0 |
11 |
Nevada |
54.9 |
2 |
| Arkansas |
40.1 |
43 |
New Hampshire |
46.2 |
23 |
| California |
53.0 |
3 |
New Jersey |
49.7 |
7 |
| Colorado |
50.0 |
6 |
New Mexico |
44.1 |
35 |
| Connecticut |
51.1 |
4 |
New York |
48.5 |
13 |
| Delaware |
47.1 |
20 |
North Carolina |
47.6 |
17 |
| District of Columbia |
45.5 |
28 |
North Dakota |
33.8 |
51 |
| Florida |
58.1 |
1 |
Ohio |
44.2 |
34 |
| Georgia |
48.8 |
12 |
Oklahoma |
41.4 |
41 |
| Hawaii |
50.6 |
5 |
Oregon |
49.2 |
10 |
| Idaho |
45.0 |
31 |
Pennsylvania |
45.8 |
26 |
| Illinois |
45.4 |
30 |
Puerto Rico |
27.2 |
52 |
| Indiana |
44.9 |
32 |
Rhode Island |
48.4 |
14 |
| Iowa |
39.8 |
45 |
South Carolina |
46.9 |
21 |
| Kansas |
40.0 |
44 |
South Dakota |
38.1 |
49 |
| Kentucky |
40.2 |
42 |
Tennessee |
45.9 |
25 |
| Louisiana |
47.2 |
18 |
Texas |
49.3 |
9 |
| Maine |
46.4 |
22 |
Utah |
45.7 |
27 |
| Maryland |
48.4 |
14 |
Vermont |
45.5 |
28 |
| Massachusetts |
49.4 |
8 |
Virginia |
46.1 |
24 |
| Michigan |
47.2 |
18 |
Washington |
48.3 |
16 |
| Minnesota |
44.9 |
32 |
West Virginia |
39.1 |
46 |
| Mississippi |
43.0 |
37 |
Wisconsin |
42.5 |
38 |
| Missouri |
41.8 |
39 |
Wyoming |
38.6 |
47 |
|
|
|
United States |
48.2% |
|
(1) Percent of renter-occupied units spending 30 percent or more on rent and utilities such as electric, gas, water and sewer, and fuel (oil, coal, etc.) if paid by the renter.
(2) States with the same percentages receive the same rank.
Source: U.S. Department of Commerce, Census Bureau; American Community Survey.
Average Homeowners Insurance Expenditures As A Percent of Median Household Income, 2021 (1)
| State |
Index |
Rank |
State |
Index |
Rank |
| Florida |
4.07% |
1 |
California |
1.77% |
27 |
| Louisiana |
3.81 |
2 |
South Dakota |
1.76 |
28 |
| Mississippi |
3.73 |
3 |
Hawaii |
1.62 |
29 |
| Oklahoma |
3.37 |
4 |
Michigan |
1.60 |
30 |
| Texas |
3.10 |
5 |
Illinois |
1.56 |
31 |
| Arkansas |
3.10 |
6 |
Indiana |
1.55 |
32 |
| Alabama |
2.76 |
7 |
New Jersey |
1.50 |
33 |
| Rhode Island |
2.47 |
8 |
Ohio |
1.49 |
34 |
| Montana |
2.34 |
9 |
Virginia |
1.46 |
35 |
| Georgia |
2.33 |
10 |
Iowa |
1.46 |
36 |
| New Mexico |
2.32 |
11 |
Delaware |
1.44 |
37 |
| South Carolina |
2.24 |
12 |
District of Columbia |
1.43 |
38 |
| Colorado |
2.23 |
13 |
Nevada |
1.40 |
39 |
| Missouri |
2.18 |
14 |
Maine |
1.39 |
40 |
| Tennessee |
2.16 |
15 |
Vermont |
1.36 |
41 |
| Nebraska |
2.16 |
16 |
Pennsylvania |
1.34 |
42 |
| Kentucky |
2.15 |
17 |
Arizona |
1.33 |
43 |
| Wyoming |
2.13 |
18 |
Alaska |
1.31 |
44 |
| Connecticut |
2.09 |
19 |
Maryland |
1.26 |
45 |
| West Virginia |
2.08 |
20 |
New Hampshire |
1.23 |
46 |
| Kansas |
2.06 |
21 |
Idaho |
1.18 |
47 |
| Minnesota |
2.03 |
22 |
Washington |
1.17 |
48 |
| New York |
2.00 |
23 |
Wisconsin |
1.15 |
49 |
| Massachusetts |
1.98 |
24 |
Oregon |
1.00 |
50 |
| North Dakota |
1.88 |
25 |
Utah |
0.96 |
51 |
| North Carolina |
1.82 |
26 |
U.S. Average |
1.99% |
|
(1) Data are for IRC’s affordability index based on average homeowners insurance expenditures published by the National Association of Insurance Commissioners (NAIC) and median household income from the U.S. Census Bureau.
Source: Homeowners Insurance Affordability: Countrywide Trends and State Comparisons, Insurance Research Council.
