Why Landlord Insurance Premiums Are Skyrocketing in 2026 (And How to Stop It)

Real Estate Rookie

BiggerPockets

How To, Entrepreneurship, Business, Education, Investing

4.7 • 1.8K Ratings

🗓️ 7 January 2026

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Landlord insurance premiums are rising fast in many markets across the U.S., and if you’re not careful, this expense could be a dealbreaker on your next rental property. Fortunately, we know an expert on this topic, and in this episode, he’ll help you navigate these challenges so you buy the right policy without sacrificing your cash flow! Welcome back to the Real Estate Rookie podcast! Today, we’re joined by Darren Nix, CEO of Steadily, to discuss all things rental property insurance. Why are premiums skyrocketing in the first place, and more importantly, is there anything you can do about it? As you’re about to find out, yes! Darren shares all kinds of tips and strategies you can use to keep costs under control, all while getting the coverage you need. Stay tuned as he shows you how to estimate insurance costs when analyzing deals, which types of coverages you need for your property (and which are optional), and how to choose a real estate market that has reasonable premiums. Whether you’re insuring your first or fifth property, these tips could help you save thousands on landlord insurance, and better yet, give you peace of mind that you’re covered in a worst-case scenario! In This Episode We Cover Tips, tricks, and strategies that will help minimize your insurance costs The number one issue currently driving up landlord insurance premiums How to accurately estimate insurance when analyzing rental properties The types of rental properties that (usually) have the lowest insurance costs How to pick a real estate market with more affordable insurance When to pair your landlord policy with an umbrella policy for additional coverage Which real estate markets are most likely to become “uninsurable” And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/rookie-663 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today, we're tackling one of the biggest questions in real estate right now. Why are insurance
0:04.7	premiums rising so fast and what can rookie landlords actually do about it? Whether it's fire risk
0:11.2	in California, floods in the Gulf, or insurers pulling out of entire states, rookie investors
0:16.6	are facing a whole new kind of deal breaker. So we brought in someone who's not just watching the industry shift.
0:23.1	He's actually building it.
0:24.0	Darren Nix is the CEO of Steadily, a landlord-focused insurance platform and a real estate investor himself.
0:30.9	Today, he's here to break down what's happening, what's coming, and how rookies can protect
0:35.8	themselves in this volatile new landscape.
0:43.6	This is the Real Estate Rookie Podcast. I'm Ashley Care.
0:46.8	And I'm Tony J. Robinson. And let's give a big warm welcome to Darren.
0:50.0	Darren, thanks for joining us today, brother. Glad to be here. Thank you.
0:52.5	Darren, I want to start off with why our insurance premiums rising so fast, and is there
0:58.1	anything that rookie landlords can do about it?
1:00.8	One word?
1:02.0	Hailstorms.
1:03.2	So over the last 10 years, the frequency of hail storms has increased across the U.S.
1:08.9	And the rate at which folks are filing rough claims has
1:12.7	increased even faster than the number of storms. And the insurance industry took quite a while
1:17.5	to catch up, but now they have. And as a result, we as real estate investors are seeing very
1:23.6	rapidly rising insurance rates, in some cases, 25, 50% year every year.
1:28.0	Darren, does this have anything to do with?
1:29.5	I've seen, like, the social media videos of, like, roofers who are actively going out
	...

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