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Renters' Insurance in the US - Industry Market Research Report

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    Report

  • 65 Pages
  • November 2023
  • Region: United States
  • IBISWorld
  • ID: 1937522

Insuring Success: Rising Price-Based Competition is Expected to Slow Revenue Growth

Renters' Insurance in the US

As more people live in rent-occupied households, industry operators gain opportunities to provide consumers with renters' insurance. In recent years, effective marketing has made consumers more aware of the small amount they need to pay each year for renters' insurance, which assures they will receive reimbursements in the event that their personal belongings are stolen or damaged inside their apartment or condo.

This industry underwrites insurance policies (i.e. assumes risk and assigns premiums) for renters. Renters’ insurance protects against loss or damage to property due to theft, fire and other causes.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • State Farm Mutual Automobile Insurance Co
  • Allstate Corp
  • Travelers Companies, inc.

Methodology

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