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Renters insurance in the US
From 2001 to 2010, tenants and household insurance in the US has increased by 18.4%, as shown in the consumer price indices.
According to U.S. Census Bureau, 34.6% of housing units in the United States were renter occupied in 2010, where 13.7% of rental units housed people age over 65.
District of Columbia has the highest renter occupied housing units with 57.5%, followed by New York(45.7%), California(44.4%), Nevada(42.8%), Hawaii(42%) and Massachusetts(37.8%).
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Based on NAIC 2008 data, average premiums for renters insurance is $176 in 2008, a 9.74% decrease if compares to average premiums of $195 in 2004.
Mississippi is the most expensive state for renters insurance with an average premiums of $272, followed by Louisiana($228), California($224), Georgia($219) and Massachusetts($218).
Whereas North Dakota is the cheapest state for renters insurance with an average premiums of $112, followed by South Dakota($113), Wisconsin($123), North Carolina($130) and Maine($130).
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