Business Wire·Sep 10, 2026, 9:00 AM ET

ICE Mortgage Monitor: Property Insurance Costs Rise 8.7% Annually, but Rate of Growth Is Sharply Slowing

Intercontinental Exchange released the September 2026 ICE Mortgage Monitor Report showing property insurance cost growth is moderating after reaching record highs in Q2.
Homeowners who switched carriers saved a record 6.6% on premiums, while those who stayed with existing carriers saw costs rise 10.4%.
Property insurance now accounts for 9.6% of the average monthly mortgage payment, with single-family holders paying a record $209 per month.
Annual property insurance cost increases slowed to 8.7%, down from 11.4% earlier in the year \& a peak of 15.1% in late 2024.
Rising coverage limits drove roughly two-thirds of the annual increase, contrasting with 2024 when repricing was the primary driver.
Regional trends diverged sharply, with largest increases in Greenville, SC (+15.8%), Honolulu (+14.7%), \& Minneapolis (+13.1%), while Miami \& New Orleans saw smaller gains.
Switchers secured better terms overall, including deductibles that fell 1.4% \& coverage limits that rose 7.3%, saving $440 annually compared to non-switchers.
The report highlights the value of data \& technology tools in helping borrowers shop for insurance \& manage housing costs effectively.