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Home prices are easing. Insurance costs aren’t.
Home prices are easing in a lot of markets — but the insurance line in the monthly payment isn’t following them down.
New first-half 2026 data from Insurify: nearly 1,900 counties saw home insurance costs rise, including more than 130 where premiums climbed by double digits. Minnesota’s average premium rose 12.9% in six months to $3,987 — the largest increase among states — and in Hennepin County, home to Minneapolis, it jumped 20.9% to $4,545. In Collier County, Florida, the average hit $10,052 after a 25.3% jump in six months. Florida is still the most expensive state overall at $8,486, though statewide it rose a more modest 2.3%.
The reason is straightforward: a lower sale price doesn’t mean a lower cost to insure the home. The sale price includes land value and local demand; insurance is priced on rebuild cost and risk. In Minneapolis, list prices fell 4.1% while insurance payments rose 13.1%.
For loan officers, that’s the payment math that matters. The insurance quote is the moving part — and a buyer who gets the quote before making an offer learns the real monthly cost in week one instead of week four.
Sources: Insurify (first-half 2026), ICE Mortgage Monitor, Realtor.com.
— Ken Coury | NMLS ID# 2314390
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