KEY HIGHLIGHTS
● Average renter insurance premiums across all 50 US states fell 3.1% between 2018 and 2022, declining from a national average of $173.90 to $168.46 per year.
● 22 of the 50 US states carried average premiums above the national benchmark of $169.48, while 28 came in below it.
● Mississippi tops the ranking at $256 average annual premium (2018–2022), 1.51x the national benchmark, making it the most expensive state for renters insurance in America.
● North Dakota is the most affordable state for renters insurance at just $119 per year on average, $137 less than Mississippi, a gap of 115.1%.
Renters insurance premiums have become an increasingly important component of housing costs in the United States, and a new analysis reveals that the burden varies dramatically from one state to the next. Some states consistently charge annual premiums well above the national figure, while others keep costs substantially lower.
According to an analysis by Ladah Injury & Car Accident Lawyers Las Vegas, renter insurance premium data from the National Association of Insurance Commissioners (NAIC) for the years 2018 through 2022 was examined across all 50 US states. Each state’s annual premiums were averaged over the five-year period to produce a single benchmark figure, and the 50 states were ranked from the highest to the lowest average premium relative to a national benchmark of $169.48 per year.
The 10 States With the Highest Average Renters Insurance Premiums, 2018–2022
| Rank | State | Avg. Premium ($)(2018–2022) | 2018Premium ($) | 2022Premium ($) | 5-Year $Change |
| 1 | Mississippi | $256 | $252 | $262 | +$10 |
| 2 | Louisiana | $241 | $234 | $243 | +$9 |
| 3 | Oklahoma | $227 | $236 | $216 | –$20 |
| 4 | Alabama | $221 | $222 | $219 | –$3 |
| 5 | Texas | $213 | $225 | $199 | –$26 |
| 6 | Georgia | $209 | $214 | $205 | –$9 |
| 7 | Arkansas | $208 | $211 | $205 | –$6 |
| 8 | Tennessee | $188 | $195 | $187 | –$8 |
| 9 | South Carolina | $184 | $184 | $186 | +$2 |
| 10 | Alaska | $183 | $175 | $186 | +$11 |
Mississippi tops the ranking because its $256 average annual premium is the highest in the country, 1.51x the $169.48 national benchmark. Louisiana and Oklahoma take ranks 2 and 3, and Southern and Gulf Coast states occupy 7 of the top 10 slots (Mississippi, Louisiana, Alabama, Georgia, Arkansas, Tennessee, and South Carolina). Alaska, at rank 10, is the only non-contiguous state in the top ten, driven in part by high construction and claims costs in remote areas.
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Looking at the study, Ramzy Ladah, Founder & CEO of Ladah Injury & Car Accident Lawyers, Las Vegas, commented:
“Behind every premium in this data is a renter shouldering a cost that compounds the already crushing burden of rising rents. The most expensive states sit in disaster-prone regions where hurricanes, tornadoes, and severe storms drive insurer losses through the roof, and those losses are passed directly to tenants. With 34 of 50 states seeing premiums rebound upward between 2021 and 2022, the relief renters briefly experienced is already disappearing. Renters insurance is one bill that deserves a harder look.”
10 States Where Renters Insurance Premiums Grew the Fastest, 2018–2022
| Rank | State | 2018Premium ($) | 2022Premium ($) | $ Increase | % Increase(2018–2022) |
| 1 | North Carolina | $158 | $170 | +$12 | +7.6% |
| 2 | Alaska | $175 | $186 | +$11 | +6.3% |
| 3 | Montana | $147 | $156 | +$9 | +6.1% |
| 4 | Mississippi | $252 | $262 | +$10 | +4.0% |
| 5 | Louisiana | $234 | $243 | +$9 | +3.8% |
| 6 | South Dakota | $127 | $129 | +$2 | +1.6% |
| 7 | New Hampshire | $148 | $150 | +$2 | +1.4% |
| 8 | Washington | $160 | $162 | +$2 | +1.2% |
| 9 | South Carolina | $184 | $186 | +$2 | +1.1% |
| 10 | Vermont | $153 | $154 | +$1 | +0.7% |
North Carolina leads the country with a 7.6% premium increase between 2018 and 2022, jumping from $158 to $170 per year. Alaska follows at 6.3%, and Montana rounds out the top three at 6.1%. Notably, Mississippi, already the most expensive state, also saw a 4.0% surge, adding $10 per year to an already-high baseline. Only 12 of 50 states saw renters insurance premiums rise over the full 2018–2022 period, but 34 states experienced a year-over-year increase from 2021 to 2022, signaling a troubling reversal.
Methodology
The analysis draws on renter insurance premium data published by the National Association of Insurance Commissioners (NAIC) for the years 2018, 2019, 2020, 2021, and 2022. The universe covers all 50 US states. Each state’s annual premiums were averaged across the five-year period to produce a single benchmark figure, and the 50 states were ranked from the highest to the lowest average premium, with Rank 1 indicating the state with the most expensive renters insurance and Rank 50 the most affordable. A national benchmark of $169.48 per year serves as the comparison point throughout. The analysis also calculates the dollar change and percentage change in premiums from 2018 to 2022 for each state to identify the fastest-rising markets. Findings describe the 50 US states only, excluding the District of Columbia and US territories.
Data Sources
● NAIC – Renter Insurance Premium Data by State
● CBO – The Budget and Economic Outlook: 2026 to 2036
● The Senior Citizens League – 2027 COLA Projection
● Research Dataset: https://docs.google.com/spreadsheets/d/1lJOP0X9gCrs8peEI-_dsLF4srlllCDplax1okpXvIfY/edit?gid=0#gid=0
● Study By: https://www.ladahlaw.com/
About Ladah Injury & Car Accident Lawyers Las Vegas
The study was conducted by Ladah Injury & Car Accident Lawyers Las Vegas, an experienced personal injury law firm dedicated to protecting clients’ rights and maximizing claim value.
