The pace of rising home insurance premiums continued to moderate in the first half of 2026, as the share of homeowners who saw lower policy renewal rates rose, according to an industry analysis published Thursday.

Premiums for new policies were 5.9% higher than the first half of 2025, down from 8.1% growth a year ago and representing an 18.7% jump during the first half of 2024.

Relief for policyholders was uneven, however, reported Matic. The digital insurance brokerage revealed the findings after reviewing roughly 3 million quotes and policies sold during the first half of the year.

States like California, Florida and New Jersey still experienced double-digit premium increases, the company found.

“The home insurance market is beginning to look very different,” said Ben Madick, CEO and co-founder of Matic, in a press release.

Spiking home insurance premiums have been a leading driver of housing affordability pressures for new and existing homeowners in recent years, amid a panoply of rising costs like elevated mortgage rates, home prices and property taxes.

Existing policyholders have been hit particularly hard. Premiums for renewals jumped from 13% nationwide growth in the first half of 2021 to more than 19% in the first half of 2022, 25% in 2023 and 28% in 2024.

For homeowners with mortgages — and especially those who pay insurance through escrow accounts — spiking insurance costs can arrive as an unwelcome surprise. While a fixed-rate mortgage locks in monthly principal and interest payments, homeownership costs like insurance and taxes are variable.

Renewals averaged only 10.6% growth in the first half of 2026, attributable to more competition between carriers and the absence of any major hurricanes hitting the U.S. in 2025, Matic observed.

“Insurers also continue to face pressure from increasingly frequent and costly weather events, despite no hurricanes making U.S. landfall in 2025,” the report said.

Nevertheless, the share of existing policyholders quoted lower renewal rates in the first half of 2026 hit a record high of 11.7% in Matic’s dataset, compared to 7.4% in 2025 and less than 5% in 2024 and 2023.

“Put in perspective, nearly nine out of 10 homeowners were still paying the same or more than they did the year before, and insurance costs are at historically high levels after several years of significant increases,” the report indicated.

A Federal Reserve Bank of Dallas report published in March, which analyzed ICE Mortgage Technology data covering two-thirds of the mortgage market, showed insurance premiums accounted for 14% of monthly mortgage payments for typical homeowners.

“The challenge ahead will be finding ways to balance affordability for homeowners with the need for a financially sustainable insurance market,” added Matic.