US Homeowners Insurance Rate Changes Slow to 1.8% as S&P Sees Fragmented 2026 Market
Updated
Updated · Insurance Journal · Aug 13
US Homeowners Insurance Rate Changes Slow to 1.8% as S&P Sees Fragmented 2026 Market
1 articles · Updated · Insurance Journal · Aug 13
Summary
1.8% effective approved rate growth through July 2026 marks a sharp slowdown from 6.3% in 2025 and 13.6% in 2024, which S&P Global Market Intelligence says signals a shift into a fragmented, state-by-state market.
S&P said many carriers have largely reached rate adequacy nationally, while prior filings are now being earned and non-rate measures—higher deductibles, property-based tiering and tighter risk selection—have reduced the need for broad increases.
Loss pressure still varies widely by region and peril, leaving some states behind adequacy even as others stabilize; North Carolina is still seeing increases, while Minnesota and Colorado fell from roughly 17.8% and 16.6% in 2025 to 1.6% and 0.8% in 2026.
Profitable underwriting results and lighter catastrophe losses have helped ease headline rate pressure, but S&P said regulatory timing and localized catastrophe experience are keeping pricing uneven across states.