Average Premiums For Homeowners And Renters Insurance, 2008-2017 Year Homeowners (1) Percent change | Renters (2) Percent change 2008 $830 1.0% $182 (3) 2009 880 6.0 184 1.1% 2010 909 3.3 185 0.5 2011 979 7.7 187 1.1 2012 1,034 5.6 187 (3) 2013 1,096 6.0 188 0.5 2014 1,132 3.3 190 1.1 2015 1,173 3.6 188 -1.1 2016 1,192 1.6 185 -1.6 2017 1,211 1.6 180 -2.7 (1) 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. (2) Based on the HO-4 renters insurance policy for tenants. Includes broad named-peril coverage for the personal property and liability of tenants. (3) Less than 0.1 percent. How much was the average annual renters policy in 2017? 2. How much more for insurance was a homeowner paying than a renter in 2017? DOK 1 Summarize how the cost of homeowners insurance has changed between 2008 and 2017