--- title: "Homeowners Insurance Statistics 2026: 31+ Key Stats" canonical: "https://www.simplyinsurance.com/homeowners-insurance-statistics/" description: "31+ homeowners insurance statistics for 2026 — coverage rates, average costs, claims data, and the underinsurance gap across 80M+ US homeowners." silo: "homeowners" published: "2026-05-21" author: "sa-el" source: "Simply Insurance" --- With nearly 80 million homeowners in the United States, you would be shocked to know that **95% of them have some form of homeowners insurance, yet 60% of them are underinsured**. This means that some 45.6 Million households are still at risk if they suffer a covered loss on their home. In this post we will cover how many people in the U.S. are covered, some claims statistics and the average costs of home insurance. ### Top Homeowners Insurance Statistics: - More than **95% of homeowners in the U.S.** have homeowner’s insurance. - The average **home insurance claim amount is $12,474.** - The average cost for homeowners insurance **is $109.00 per month** in the U.S. - **60% of insured households are underinsured** on their homeowner's policy. - 78% of all home insurance policies **are [HO-3 Policies](https://www.simplyinsurance.com/ho3-vs-ho6/).** - **85% of homeowners** have fire insurance. - 98% of annual claims are **from property damage.** - **5% of insured homes filed a claim** successfully in 2019. - Water damage and freezing **accounted for 29.4% of homeowner’s insurance losses** in 2019. - **34.4% of Insurance losses** are caused by wind-related claims. ## Number Of Homeowners In The U.S. With Coverage ### How Many People Have Home Insurance In The U.S.? --- More than **95% of homeowners in the U.S.** have a homeowner’s insurance policy. ### How Many People Do Not Have Home Insurance In America? --- Around **5% of homeowners in America** don't have home insurance.  ### How Many Households Are Underinsured In America? --- **60% of insured households** are underinsured on their homeowner's policy. ## Average Cost Of Home Insurance ### What Is The Average Cost Of Homeowners Insurance?   --- The **average cost of homeowners insurance is around $109.00 per month** in the United States and homeowners are now starting to comprehend how costly insurance for their home can be. It's essential to [compare rates](https://www.simplyinsurance.com/compare-homeowners-insurance-quotes-online/) and shop around before purchasing a policy. #### Average Cost Of Homeowners Insurance By State --- Below we cover the [average cost of home insurance by state](https://www.simplyinsurance.com/homeowners-insurance-rates-by-state/).  More states coming soon. **STATE** **AVERAGE MONTHLY PREMIUM** **STATE** **AVERAGE MONTHLY PREMIUM** [Alabama](https://www.simplyinsurance.com/best-homeowners-insurance-in-alabama/) $119 Montana Alaska Nebraska [Arizona](https://www.simplyinsurance.com/best-homeowners-insurance-in-arizona/) $69 [Nevada](https://www.simplyinsurance.com/best-homeowners-insurance-in-nevada/) $63 [Arkansas](https://www.simplyinsurance.com/best-homeowners-insurance-in-arkansas/) $114 New Hampshire [California](https://www.simplyinsurance.com/best-homeowners-insurance-in-california/) $84 New Jersey [Colorado](https://www.simplyinsurance.com/best-homeowners-insurance-in-colorado/) $125 [New Mexico](https://www.simplyinsurance.com/best-homeowners-insurance-in-new-mexico/) $85 Connecticut New York Delaware North Carolina District Of Columbia North Dakota [Florida](https://www.simplyinsurance.com/best-homeowners-insurance-in-florida/) $163 [Ohio](https://www.simplyinsurance.com/best-homeowners-insurance-in-ohio/) $72 [Georgia](https://www.simplyinsurance.com/best-homeowners-insurance-in-georgia/) $106 [Oklahoma](https://www.simplyinsurance.com/best-homeowners-insurance-in-oklahoma/) $280 [Hawaii](https://www.simplyinsurance.com/best-homeowners-insurance-in-hawaii/) $92 [Oregon](https://www.simplyinsurance.com/best-homeowners-insurance-in-oregon/) $56 Idaho [Pennsylvania](https://www.simplyinsurance.com/best-homeowners-insurance-in-pennsylvania/) $78 Illinois Rhode Island [Indiana](https://www.simplyinsurance.com/best-homeowners-insurance-in-indiana/) $83 [South Carolina](https://www.simplyinsurance.com/best-homeowners-insurance-in-south-carolina/) $106 Iowa South Dakota Kansas [Tennessee](https://www.simplyinsurance.com/best-homeowners-insurance-in-tennessee/) $100 Kentucky [Texas](https://www.simplyinsurance.com/best-homeowners-insurance-in-texas/) $155 [Louisiana](https://www.simplyinsurance.com/best-homeowners-insurance-in-louisiana/) $164 [Utah](https://www.simplyinsurance.com/best-homeowners-insurance-in-utah/) $60 [Maine](https://www.simplyinsurance.com/best-homeowners-insurance-in-maine/) $74 Vermont [Maryland](https://www.simplyinsurance.com/best-homeowners-insurance-in-maryland/) $86 [Virginia](https://www.simplyinsurance.com/best-homeowners-insurance-in-virginia/) $83 [Massachusetts](https://www.simplyinsurance.com/best-homeowners-insurance-in-massachusetts/) $124 Washington [Michigan](https://www.simplyinsurance.com/best-homeowners-insurance-in-michigan/) $78 West Virginia [Minnesota](https://www.simplyinsurance.com/best-homeowners-insurance-in-minnesota/) $112 [Wisconsin](https://www.simplyinsurance.com/best-homeowners-insurance-in-wisconsin/) $65 [Mississippi](https://www.simplyinsurance.com/best-homeowners-insurance-in-mississippi/) $128 Wyoming [Missouri](https://www.simplyinsurance.com/best-homeowners-insurance-in-missouri/) $107 | | | | | | --- | --- | --- | --- | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ## Types Of Home Insurance Policies ### What Is The Most Popular Homeowners Insurance Policy? --- According to the Insurance Information Institute, approximately 80% of all homeowner insurance policies are HO-3 policies and 85% of homeowners have fire insurance coverage on their plan. The 8 types of home insurance policies Are: - HO1: Basic Form - HO2: Broad Form - [HO3: Special Form](https://www.simplyinsurance.com/ho3-vs-ho6/) - HO4: Tenant's Form - [HO5: Comprehensive Form](https://www.simplyinsurance.com/ho3-vs-ho5/) - [HO6: Condo Form](https://www.simplyinsurance.com/condo-insurance-quote/) - HO7: Mobile Home Form - HO8: Older Home Form ## Homeowners Insurance Claims Statistics ### What Is The Average Home Insurance Claim Amount? --- The **average home insurance claim amount is $12,474**, with 98 percent of annual claims stemming from property damage and 34.4 percent of those claims coming from wind-related causes. 5% of homes submit a successful home insurance claim on a yearly basis. ## Insurance Companies By Market Share In The U.S. ### Top 10 Home Insurance Companies Based On Market Share --- Below we cover the top 10 home insurance companies based on market size: - Allstate - **8.44%** - American Family - **3.23%** - Farmers Insurance - **5.96%** - Liberty Mutual - **6.86%** - Nationwide - **3.60%** - State Farm - **18.63%** - Travelers - **3.76%** - Farmers Insurance - **5.96%** - USAA - **6.05%** ## Concluding Thoughts ### Taking Action --- The average cost of homeowner’s insurance is $109.00 per month, but the majority of homeowners (60%) are underinsured on their policy and only 78% have HO-3 policies. This means that many people may not be covered for some losses like water damage or freezing which account for 29.4% of homeowner’s insurance loss in 2019. If you're not sure how much coverage your home should have, or if the one you have isn't sufficient for what it costs, you can check out this article on how to [get instant home insurance quotes and immediate coverage](https://www.simplyinsurance.com/homeowners-insurance/) with affordable prices and higher limits.  **Sources:**[→](https://www.moneyunder30.com/the-true-cost-of-pet-ownership)[→](https://www.aspcapetinsurance.com/resources/cat-ownership-cost/)[→](https://www.thesprucepets.com/the-cost-of-dog-ownership-1117321)[→](https://www.petcoach.co/article/cost-of-owning-a-cat/)[→](https://moderncat.com/articles/country-highest-percentage-pet-ownership/) --- [Value Penguin](https://www.valuepenguin.com/home-insurance-statistics) | [Insurance Information Institute](https://www.iii.org/insuranceindustryblog/how-many-homes-are-insured-how-many-are-uninsured/) | [→](https://ucr.fbi.gov/crime-in-the-u.s/)