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Homeowners insurance in the US
From 2004 to 2013, tenants and household insurance in the US has increased by 16.5%, as shown in the consumer price indices.
In 2010, homeowners multiple peril insurance in the US recorded a net premiums written of $61.303 billion, an increase of $3.623 billion or 6.28% compares to $57.680 billion in 2009.
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USAA Homeowners Insurance
Protection for your home
Get peace of mind with homeowners insurance protection against fire, theft, vandalism and most weather-related events.
The USAA difference is full replacement cost coverage. If your home or its contents are severely damaged or destroyed, this coverage helps you rebuild your home based on current construction costs.
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Protection for your belongings
We'll provide up to 75% of the home's insured value for personal property coverage at today's market value, with no depreciation factored in. For example, on a home insured for $100,000, we'd cover your personal property up to $75,000. That's a lot more than other companies offer.
Coverage for your identity
We'll provide up to $5,000 toward expenses related to identity theft, credit card fraud or other forms of financial fraud.
USAA Valuable Personal Property Insurance
Covers valuables that your homeowners or renters insurance policy may not.
You'll be covered for the replacement cost of your items with no deductible even if your items are lost or stolen.
Get peace of mind for as little as $4 a month.
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You can be covered for:-
Jewelry, Silverware, Fine Arts, Coins, Cameras, Guns, Stamps, Furs, Musical Instruments
You will need to have a USAA Homeowners Insurance or Renters Insurance policy to purchase a Valuable Personal Property (VPP) policy on usaa.com.
Homeowners insurance average premiums
According to U.S. Census Bureau, 63.9% of housing units in the United States were owner occupied in 2012.
West Virginia has the highest owner-occupied housing units with 72.3%, followed by Delaware(71.7%), Minnesota(71.6%), Iowa(70.8%) and Michigan(70.6%).
Based on NAIC 2011 data, average premiums for homeowners insurance is $978 in 2011, a 7.6% increase if compares to average premiums of $909 in 2010.
Florida is the most expensive state for homeowners insurance with an average premiums of $1,933, followed by Louisiana($1,672), Texas($1,578), Mississippi($1,409) and Oklahoma($1,386).
Whereas Idaho is the cheapest state for homeowners insurance with an average premiums of $518, followed by Oregon($559), Utah ($563), Wisconsin ($592) and Washington($626).