National Home Insurance Premium Hikes Slowed in 2026
Homeowners saw a 4.5 percent average increase in the first half of 2026, down from sharper rises in recent years.
Updated on Sept. 29, 2026 in Insurance
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National home insurance premiums rose by an average of 4.5 percent during the first half of 2026. This growth represents a deceleration compared to the 7.6 percent average increase seen throughout 2025.
Why it matters
The slowdown in premium growth follows a year where insurers recorded a $16.5 billion gain, partially driven by a relatively benign period for catastrophic events. Carriers are now focusing on aligning rates more precisely with individual property risks.
National insurance premiums climbed 4.5 percent in the first half of 2026, trailing the 7.6 percent growth recorded in 2025. While national rates moderated, Connecticut homeowners faced a 17 percent cost increase relative to income since 2020.
The players
Connecticut Insurance Department
This state agency oversees the regulation of insurance carriers and consumer protection regarding property insurance coverage.
The details
Insurance companies have shifted toward holding the line on pricing rather than aggressively under-pricing competitors. Despite this national moderation, regional challenges persist, such as in the Northeast where non-renewal rates climbed from 0.6 percent in 2022 to 1.1 percent in 2024.
Timeline
In 2020, Connecticut homeowners insurance costs began a trend resulting in a 17 percent increase.
The Northeast region saw non-renewal rates reach 0.6 percent in 2022.
Non-renewal rates in the Northeast rose to 1.1 percent in 2024.
Insurance companies recorded a $16.5 billion gain during 2025.
National home insurance premiums rose 4.5 percent during the first half of 2026.
Market Dynamics
The moderation of premium increases follows the 2025 insurance underwriting gain of $16.5 billion. This period of industry profitability has allowed carriers to transition from rapid, broad-based price hikes toward a more targeted approach based on property risk assessment.
While national premium growth has slowed, homeowners in regions impacted by recent climate events may still face localized price volatility or non-renewal risks. Policyholders should review their coverage terms to ensure their current rates accurately reflect the updated risk assessments used by insurers.
The takeaway
Although the national rate of premium increases is decelerating, property owners should remain diligent about monitoring their policy status. Understanding the specific risk factors of your property is now more essential than ever for maintaining affordable coverage.
Further reading
For more information on market trends, visit the Insurance section.
More information
For state-specific guidance, read the resources provided by the Connecticut insurance preparedness and resiliency center.
Source note: This article includes information reported by greenwich time.
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