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Most Young Renters Uninsured: Nationwide Survey

Millennials at risk of losing thousands of dollars despite low cost of protection.

By Hannah Bender | Updated on April 14, 2014

Although data from the U.S. Census Bureau shows that more adults ages 24 to 34 are renting than ever before, increasing by more than a million from 2006 to 2011, most millennials do not have renters’ insurance. 

A survey by Nationwide Insurance revealed that despite renting in unprecedented numbers, 56% of millennials do not have renters’ insurance, and 75% are unaware that they can get monthly coverage at a relatively low cost.

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