Home Insurance Premiums Increase - June 2026 Trends
As of June, homeowners with mortgages on single-family homes in the United States are experiencing home insurance premiums nearly 80% higher than early 2020 figures, as reported by ICE Mortgage Technology.
The recent data highlights a significant increase, with homeowners currently paying an average of $209 monthly for home insurance, translating to approximately $2,508 annually. While this represents a moderate increase from $2,370 the previous year, insurance fees now account for 9.6% of an average monthly mortgage payment, a percentage that has remained constant over the past year. Despite steadily rising premiums, the rate of increase has shown signs of deceleration compared with previous years, which were characterized by double-digit annual growth and saw multiple carriers exit major markets, including Florida and California.
Indicators of a Slower Growth Trend
The latest data from ICE Mortgage Technology indicates that for the 12 months ending in June, insurance costs rose by 8.7%. This is down from an 11.4% increase in early 2026 and a peak of 15.1% by the close of 2024. The quarter’s growth rate was noted at 1.8%, slightly lower than the 1.9% rise in the first quarter and 2% in the last quarter of 2025. These trends are mirrored by data from digital insurance brokerage Matic, which showed new policies priced about 6% higher in the first half of 2026 compared to the same period in 2025. Renewing policyholders faced larger increases, averaging 10.6%, while new policyholders saw a 5.9% rise.
Understanding Regional Variability
The regional impact of these increases varies significantly due to local factors such as hurricane recovery and severe weather events. For example, homes in Greenville, S.C., saw the highest insurance rate jump at 15.8%, followed by Honolulu at 14.7%. Other affected areas include Columbia, S.C., Minneapolis, and Augusta, Ga., each with rates nearing 13%. Conversely, regions like Florida, the Gulf Coast, the Texas border, and the Southwest registered smaller increases, underscoring the volatility and varied pressures within the property insurance market.
| City | Increase Rate |
|---|---|
| Greenville, S.C. | 15.8% |
| Honolulu | 14.7% |
| Columbia, S.C. | ~13% |
| Minneapolis | ~13% |
| Augusta, Ga. | ~13% |
Insurance Market Adjustments
For insurance professionals, understanding these trends is crucial for anticipating market shifts and advising clients effectively. The deceleration in premium increases, while a positive sign, still requires vigilance due to persistently high rates in specific regions. Carriers and agents should be ready to explain these fluctuations and offer strategies to mitigate impact, such as switching providers or negotiating better terms upon renewal. Looking ahead, monitoring regional developments and industry statistics will remain imperative for navigating the evolving insurance landscape.