More Than 12 Million Homeowners Are Uninsured

Natural disasters have become more frequent and severe across the U.S., making it increasingly important to have proper home insurance coverage. However, as those costs also increase, more homeowners are finding themselves unable to afford such insurance. A recent report from online lending platform LendingTree underscores that trend, estimating that one in seven homes are uninsured, representing about 14%, or 12.2 million, of all owner-occupied homes nationwide.

Which states have the highest share of uninsured homes?

The South has the most uninsured homes. West Virginia leads the way, with 23.9% of its owner-occupied homes lacking home insurance, followed by New Mexico and then Louisiana, which record respective shares of 23% and 21.2%.

Which states have the lowest share of uninsured homes?

On the other end of the spectrum, Oregon and Colorado have the lowest share of uninsured homes, with both states recording shares of 9.7%. New Hampshire follows at 10% and then Massachusetts at 10.7%.