Homeowners insurance premiums have increased in cost over the past two decades and reached a peak in 2021. The average premiums for homeowners insurance increased from 536 U.S. dollars in 2001 to 1,411 U.S. dollars in 2021.
Average premiums for homeowners insurance in the United States from 2001 to 2021
(in U.S. dollars)
According to the source, the data is based on the HO-3 homeowner package policy for owner-occupied dwellings, 1 to 4 family units. Provides “all risks” coverage (except those specifically excluded in the policy) on buildings and broad named-peril coverage on personal property, and is the most common package written.
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Insurance Information Institute. (September 10, 2024). Average premiums for homeowners insurance in the United States from 2001 to 2021 (in U.S. dollars) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/216515/average-premiums-for-homeowners-insurance-in-the-us/
Insurance Information Institute. "Average premiums for homeowners insurance in the United States from 2001 to 2021 (in U.S. dollars)." Chart. September 10, 2024. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/216515/average-premiums-for-homeowners-insurance-in-the-us/
Insurance Information Institute. (2024). Average premiums for homeowners insurance in the United States from 2001 to 2021 (in U.S. dollars). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/216515/average-premiums-for-homeowners-insurance-in-the-us/
Insurance Information Institute. "Average Premiums for Homeowners Insurance in The United States from 2001 to 2021 (in U.S. Dollars)." Statista, Statista Inc., 10 Sep 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/216515/average-premiums-for-homeowners-insurance-in-the-us/
Insurance Information Institute, Average premiums for homeowners insurance in the United States from 2001 to 2021 (in U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/216515/average-premiums-for-homeowners-insurance-in-the-us/ (last visited September 20, 2024)
Average premiums for homeowners insurance in the United States from 2001 to 2021 (in U.S. dollars) [Graph], Insurance Information Institute, September 10, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/216515/average-premiums-for-homeowners-insurance-in-the-us/