By David Parks · eXp Realty · The Apollo Group · 2 min read
Shopping around for homeowners insurance can pay off. Intercontinental Exchange found homeowners who switched carriers saw premiums fall 6.6 percent on average, while those who stayed saw them rise 10.4 percent.
Intercontinental Exchange reports that home insurance now makes up about 9.6 percent of the average monthly mortgage payment. The good news is that the pace of increases is slowing. In mid-2024 premiums rose 4.3 percent in a single quarter. By the second quarter of this year, growth had slowed to 1.8 percent, the smallest quarterly increase in almost three years.
Homeowners who switched insurers saw premiums drop 6.6 percent on average, about $440 a year, while those who stayed with their current company saw a 10.4 percent increase. Switchers did not give up coverage. Their deductibles dipped 1.4 percent and coverage limits rose 7.3 percent.
Get several quotes before you choose a provider, and review the policy every year at renewal. Newer homes can also be cheaper to insure. John Burns Research and Consulting found newly built homes are 10 to 15 percent less expensive to insure than older ones nationally.
Ask about hail and wind deductibles and roof-age rules. See Colorado Homeowners Insurance Basics for New Buyers and Hail and Homeowners Insurance in Colorado.
Intercontinental Exchange and John Burns Research and Consulting, as reported in November 2026. Graphics by Keeping Current Matters.
This article is general information, not legal, tax, financial or inspection advice. Every home and situation is different, so confirm details with a licensed inspector, lender, attorney or tax professional.
David is a Greater Denver real estate advisor with eXp Realty and The Apollo Group (Colorado broker license FA100103211). He has closed more than $55 million in volume, earned eXp Icon status in 2025, and holds a 5.0 rating on Zillow from 27 verified reviews.
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