Matic: Homeowners Start to See Insurance Premiums Moderate

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Matic, Columbus, Ohio, released its 2026 mid-year analysis of the insurance market, finding that a growing number of homeowners are seeing their insurance premiums decrease.

In first-half 2026, 11.7% of homeowners renewing their policy saw a premium decrease, compared with 7.4% in 2025 and 4.9% in 2024. Homeowners renewing their policies saw an average premium increase of 10.6%, compared with 19.4% in 2025 and 28% in 2024.

Premiums for newly written home insurance policies increased 5.9% in first-half 2026 compared with 2026. The average premium for a new policy is $2,057.

Another change has been in the number of insurance options available to homeowners. The average number of quotes available per person grew 27% year-over-year and is up 74% from its low point in 2024.

The ongoing growth in significant weather events continues to cause issues, and in different ways than in the past. No major hurricanes made landfall during the 2025 season, but insured losses still reached tens of billions of dollars drive by severe convective storms, winter weather, flooding and wildfires.

The technology available to insurers has significantly improved in recent years, which has led to more personalized assessment of risk.

For example, roofs continue to be a serious source of claims, with roof claim severity reaching a record high in 2025. In 2021, homeowners with roofs between one to five years old paid an average of $65 less than homeowners with roofs between 11-15 years old. Now, that gap is $189.