Aging Renters Emerge as a Strategic Growth Opportunity for Insurance Providers, New TransUnion Report Finds
TransUnion's latest Insurance Personal Lines Trends and Perspectives Report finds that 53% of renters are now over 40 years old, representing a key strategic market for property insurers. The report highlights that the median renter is 40 years old with a $56K household income and a TransUnion credit score of 652, indicating stability and low to moderate risk.
Key figures
- Renters over 40
- 53
- Median renter age
- 40
- Average renter stay
- 3.3
- Median renter income
- 56000
- Renters insurance premium
- 171
- Median renter credit score
- 652
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.