Pricing Data Services: Independently Researched
Our Methodology
Property Report
Pricing Updates
Pricing Feedback
Product Integrations
A current, local pricing database
A current, local pricing database
We research and report on pricing data from a variety of sources to ensure that no one party or industry has any undue influence on the pricing data we provide. Our Pricing Data Service Team reports cost information based on actual prices and transactions (completed bids) that have occurred recently in your area.
Our pricing sources include:
- General contractors
- Insurance adjusters
- Insurance carriers
- Market surveys
- Retailers
- Subcontractors
- Suppliers
Verisk’s Pricing Data Research for labor, materials and more
Verisk’s Pricing Data Research for labor, materials and more
Verisk updates pricelists every month for more than 460 regions across the United States and Canada. We compile our discoveries into a comprehensive monthly report detailing changes in major categories, shifts in lumber markets, fluctuations in gasoline prices, and additional insights
Our research methodology
We rigorously collect, carefully analyze, and consistently share the results of our materials and labor pricing research.
We analyze millions of market price points each year from multiple, third-party sources.
- Thousands of in-field estimates submitted through Verisk every day (i.e., estimates used to settle claims)
- Market surveys of industry professionals
- Retail pricing research
- Unit-price research based on surveys with over 100,000 contractors, subcontractors, suppliers, and equipment rental companies
- Pricing feedback from in-field users
- Customer-specific cost data
- Catastrophe-specific pricing research
- Additional research surveys
- Multiple third-party sources for data, such as worker’s comp, federal taxes, state taxes, and local taxes
All collected market research is organized so that data integrity checks can be conducted.
We perform proprietary cluster analysis on various subsets of gathered research to identify the mid-range market price points. This proprietary process was designed by Brigham Young University PhDs.
Market research results are published and made available to the public.