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.

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 averaged 6.85% versus 7.23% for Q42025.
• Commercial Property: Premium renewal rate averaged 6.83% in Q1 2026, down 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%.

This article was originally published by Insurance Journal