---
title: "21+ Renters Insurance Statistics in America"
canonical: "https://www.simplyinsurance.com/renters-insurance-statistics/"
description: "Renters insurance statistics show most renters are still unprotected. Check out 21 eye-opening stats that show why coverage matters more than ever."
silo: "renters"
published: "2026-05-31"
updated: "2026-08-06"
author: "sa-el"
source: "Simply Insurance"
---
Only **55% of Americans that rent have insurance**; however, because the[best renters insurance companies online](https://www.simplyinsurance.com/best-renters-insurance-companies/)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 2024, **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 industry

## Percent 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 before

- In 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](https://www.simplyinsurance.com/compare-renters-insurance-quotes-online/) is a great way to [protect yourself and your property against the unexpected](https://www.simplyinsurance.com/what-does-renters-insurance-cover/).

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 |

**​[Best Renters Insurance In WY](https://www.simplyinsurance.com/best-renters-insurance-wyoming/)**