Home Insurance Premium Increases Slowed During 2026
National premium hikes reached 4.5% in the first half of 2026, marking a slower pace compared to prior years.
Updated on Sept. 29, 2026 in Insurance
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National home insurance premiums rose by an average of 4.5% during the first half of 2026. This increase marks a deceleration in costs for households following steeper annual hikes of 7.6% in 2025 and 13.5% in 2024.
Why it matters
The slowdown in premium growth follows a 2025 year that was relatively benign for catastrophic events, allowing insurance companies to report a $16.5 billion gain. While national trends moderated, households continue to face pressures from rising non-renewal rates in the Northeast, which climbed to 1.1% in 2024.
Nationally, insurance premiums increased 4.5% in the first half of 2026. Meanwhile, Connecticut homeowners faced a median 17% increase in insurance costs relative to income since 2020, with average annual property premiums reaching $2,450 in 2025.
The players
Connecticut Insurance Department
A state regulatory agency that oversees consumer protections and manages the insurance preparedness and resiliency center for residents.
The details
Insurance companies have shifted toward matching rates more closely to specific property risk rather than aggressively raising base premiums, resulting in a moderation of costs. This change reflects a strategy to maintain competitive pricing while ensuring solvency after recording significant industry gains. Despite these national figures, localized events continue to impact policyholders, such as the 1,300 property damage reports filed in Fairfield County following recent flooding.
Timeline
2020: Baseline for Connecticut insurance cost calculations.
2022: Northeast non-renewal rate reached 0.6%.
2024: Northeast non-renewal rate climbed to 1.1%.
2025: Insurance carriers recorded a $16.5 billion industry-wide gain.
2026 H1: National home insurance premiums rose by 4.5%.
Money Landscape
The moderation in insurance premium growth sits against a broader environment of volatile essential costs for households. This trend parallels the focus on regulating cost structures seen in the Inflation Reduction Act's Medicare drug-price negotiation provisions.
While national premium growth has slowed, households should continue to monitor their annual renewal notices for localized adjustments reflecting recent storm risk. Discuss your specific policy risk and coverage options with a qualified financial professional to ensure your home remains adequately protected.
The takeaway
Although premium hikes are decelerating, the rise in non-renewals suggests that insurers are prioritizing property-specific risk management. Regularly review your policy documents for coverage changes and consult with a qualified insurance professional before your next renewal date.
Further reading
For more on managing your coverage, review the latest Insurance updates.
More information
For resources on coverage and policy guidance, visit the Connecticut insurance preparedness and resiliency center.
Source note: This article includes information reported by greenwich time.
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