Tap to get financing
Multifamily Loans
Property Types
MultifamilySenior HousingStudent HousingAffordable HousingMobile Home Park
Loan Options
Fannie MaeFreddie MacFHA/HUD Multifamily LoansConstruction LoansRefinanceBridge LoansCMBSFind Lenders with Janover Pro
Resources
BlogLoan DocsForms and TemplatesRatesMultifamily Calculators
For Brokers About Us
(561) 556-5777
Get financing →
Multifamily Minute
3 min read
by Jeff Hamann

Multifamily Minute Reader Reflections: How Much Have Your Insurance Costs Increased?

We asked our 45,000 Multifamily Minute readers how large of insurance premium hikes they've experienced in the past year. Here's what they said.

In this article:
  1. Survey Results
  2. Sign Up for the Multifamily Minute
  3. Our Previous Survey
  4. Get Financing
Start Your Application and Unlock the Power of Choice Experience expert guidance, competitive options, and unparalleled industry expertise.
Click Here to Get Quotes →
$5.6M offered by a Bank$1.2M offered by a Bank$2M offered by an Agency$1.4M offered by a Credit UnionClick Here to Get Quotes!

We've all heard that multifamily property insurance rates are way, way up. How much depends on where you look.

Commercial Observer points to a 20.4% increase in the first quarter this year.

A Marcus & Millichap report shows a 33% price jump over the year through the second quarter. And several markets, like Orange County, Calif., and Jacksonville, Fla., saw premiums soar by a respective 79.1% and 61.8%.

With all this data on rising costs, I figured it'd be best to ask you directly: How much have you seen your multifamily insurance premiums rise in the past year?

Survey Results

Here's how our respondents answered, representing multifamily investors active across the country in nearly every major market.

How much have your premiums changed in the past 12 months?

Percent of respondents

Increased by 50% or more

12%

Increased by 25% to 50%

14%

Increased by 5% to 25%

23%

Stayed about the same

51%

Decreased

0%

There are a few different ways to look at the results here.

One: Insurance rates are indeed going up, but the scarier figures are probably just in higher-risk markets (think cities in California and Florida).

Two: For those folks whose insurance rates haven't risen, it may just be down to timing. If your policy has yet to renew this year, you (obviously) won't have seen an increase. Yet.

Three: It could just all be down to our responses and the geography they represent. This one doesn't really check out though. A large chunk of our readership is based in Florida, and we've got a decent representation in California as well. And, to be fair, they probably represent some of the more eye-watering increases in the chart above.

It's both kind of obvious yet worth noting that not all insurance premiums are rising at the same rates. Insuring an apartment building in Fort Myers is probably more costly than that same building transplanted to Gainesville.

Still, the trend is clear: Rates are going up. Just remember that there are ways to slow — if not outright counteract — skyrocketing premiums.

Of course, it obviously helps if you've got the right policy from the right provider. Janover Insurance Group can help with that. Click here to get a free, no-obligation insurance quote on your next policy. You'd be surprised what's out there.

Sign Up for the Multifamily Minute

Not getting our weekly, digestible emails? Let's fix that in 4 seconds. Drop your email address into the form below, sit back, and enjoy.

Our Previous Survey

In our previous survey, I asked you about how long you typically hold multifamily investments for. Most of our readers take a long-term investment strategy. Learn how to keep ahead of the game in our prior analysis.

In this article:
  1. Survey Results
  2. Sign Up for the Multifamily Minute
  3. Our Previous Survey
  4. Get Financing

Getting commercial property financing should be easy.⁠ Now it is.

Click below for a free, no obligation quote and to learn more about your loan options.

Get financing →

Janover: Your Partner in Growth

At Janover, we offer a wide range of services tailored to your unique needs. From commercial property loans and LP management to business loans and services for lenders, we're here to help you succeed.

Learn more about Janover →
Commercial Property Loans

Get the best CRE financing on the market.

Explore Financing Options →
LP Management

Syndicate deals on autopilot with Janover Connect.

Discover LP Management →
Business Loans

Match with the right kind of loan, in record time.

Find Business Loans →
For Lenders

Supercharge your loan pipeline. Unlock more deals.

Boost Your Loan Pipeline →
Multifamily Loans

Multifamily Loans is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Commercial Real Estate Loans, SBA7a Loans, HUD Loans, Janover Insurance, Janover Pro, Janover Connect, and Janover Engage.

Janover Tech Inc.

6401 Congress Ave
Ste 250
Boca Raton FL 33487
(561) 556-5777 
hello@multifamily.loans

Multifamily Loans

Beginner's Guide
Multifamily Refinance
Multifamily Mortgage Calculator
Current Rates
Commercial Mortgage Calculator
Commercial Loan Rates
Multifamily Loan Guides per State
For Commercial Mortgage Brokers

Site Information

Privacy Policy
Terms of Use


For Commercial Mortgage Brokers

This website is owned by a company that offers business advice, information and other services related to multifamily, commercial real estate, and business financing. We have no affiliation with any government agency and are not a lender. We are a technology company that uses software and experience to bring lenders and borrowers together. By using this website, you agree to our use of cookies, our Terms of Use and our Privacy Policy. We use cookies to provide you with a great experience and to help our website run effectively.

Freddie Mac® and Optigo® are registered trademarks of Freddie Mac. Fannie Mae® is a registered trademark of Fannie Mae. We are not affiliated with the Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), Freddie Mac or Fannie Mae.

This website utilizes artificial intelligence technologies to auto-generate responses, which have limitations in accuracy and appropriateness. Users should not rely upon AI-generated content for definitive advice and instead should confirm facts or consult professionals regarding any personal, legal, financial or other matters. The website owner is not responsible for damages allegedly arising from use of this website's AI.

Copyright © 2025 Janover Tech Inc. All rights reserved.

+

Fill out the form below and get the pricing and terms banks can't compete with.