8/9/2019 Homeowners Insurance Avg Premiums

1/1

Table 1187. Renters and Homeowners InsuranceAverage Premiumsby State: 2006

[In dollars. Average premium equals premiums divided by exposure per house-years. A house-year is equal to 365 days of insurcoverage for a single dwelling and is the standard measurement for homeowners insurance. The NAIC does not rank state aveage expenditures and does not endorse any conclusions drawn from these data]

State Renters 1Home-

owners 2

U.S. . . . . 188 804

AL . . . . . . . 223 894AK. . . . . . . 182 850AZ . . . . . . . 207 640AR. . . . . . . 217 802CA. . . . . . . 244 937CO . . . . . . 169 813

CT. . . . . . . 197 878DE. . . . . . . 159 530DC . . . . . . 185 1,012FL . . . . . . . 201 1,386GA . . . . . . 215 703HI . . . . . . . 213 776ID . . . . . . . 153 477IL . . . . . . . 168 674IN . . . . . . . 173 638IA . . . . . . . 132 596

State Renters 1Home-

owners 2

KS. . . . . . . 170 866KY. . . . . . . 161 637LA . . . . . . . 245 1,257ME . . . . . . 145 573MD . . . . . . 160 721MA . . . . . . 223 925MI . . . . . . . 164 715MN . . . . . . 139 788

MS . . . . . . 252 998MO . . . . . . 166 707MT . . . . . . 160 666NE. . . . . . . 148 783NV. . . . . . . 205 693NH . . . . . . 157 669NJ . . . . . . . 179 726NM . . . . . . 200 638NY. . . . . . . 220 869NC . . . . . . 144 649

State Renters 1Home

owners

ND . . . . . . 119 74OH . . . . . . 163 53OK . . . . . . 230 1,01OR . . . . . . 162 50PA . . . . . . . 148 64RI . . . . . . . 189 91SC. . . . . . . 189 85

SD. . . . . . . 120 62TN. . . . . . . 208 70TX 3. . . . . . 261 1,40UT. . . . . . . 139 49VT . . . . . . . 160 67VA . . . . . . . 147 66WA . . . . . . 170 60WV . . . . . . 177 65WI . . . . . . . 122 49WY . . . . . . 155 64

1 Based on the HO-4 renters insurance policy for tenants. Includes broad named-peril coverage for the personal propertytenants. 2 Based on the HO-3 homeowner package policy for owner-occupied dwellings, 14 family units. Provides all riskcoverage (except those specifically excluded in the policy) on buildings, broad named-peril coverage on personal property, andthe most common package written. 3 The Texas Insurance Commissioner promulgates residential policy forms which are simibut not identical to the standard forms.

Source: National Association of Insurance Commissioners (NAIC), Kansas City, MO, Dwelling Fire, Homeowners OwnOccupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance(copyright). Reprinted with permissof the NAIC. Further reprint or distribution strictly prohibited without prior written permission of the NAIC.