Premium renewal rates in the first quarter 2026 decreased for all major commercial lines compared to the fourth quarter 2025, according to the Ivans Index.
“Q1 sets an important baseline for 2026, with commercial rates continuing to soften as the market adjusts to a more moderate pace of change,” said Michael Streit, president of Ivans.
The renewal rate index found premium renewal rate change for all major commercial lines of business, except workers’ compensation, are up year over year.
Highlights by line of business, according to the Ivans Index:
- Commercial Auto: Q1 2026 average premium renewal rate averaged 5.28%, a decrease compared to Q4 2025’s average premium renewal rate of 6.97%.
- BOP: Premium renewal rate change for BOP averaged 6.74% in Q1 2026. The average premium renewal rate change for the quarter decreased from 7.52% in Q4 2025.
- General Liability: Q1 2026 premium renewal rate experienced a decrease compared to Q4 2025, averaging 6.85% versus 7.23%.
- Commercial Property: Premium renewal rate averaged 6.83% in Q1 2026, a significant decrease from from 8.01% in Q4 2025.
- Umbrella: Average premium renewal rate change experienced a slight decrease during Q1 2026 at 9.36% versus 9.49% in Q4 2025.
- Workers’ Compensation: Workers’ Compensation premium renewal rate change averaged -1.73%, down from Q4 2025 at -1.61%.
SOURCE: Ivans
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