MIDWAY — After months of waiting, the Midway Fire Department has its ISO rating.

Fire Chief Craig Reynolds announced to city council members Monday evening the city has been granted a rating of 5, and was just a few points short of earning a 4 rating.

The new rating will go into effect February 1, 2027.

A lower ISO rating could mean substantial savings on property owners for fire insurance. The lower the ISO rating, the better in terms of insurance premiums.

“It’s going to be hundreds of dollars you will save,” Mayor Malcolm Williams said.

Midway’s previous ISO rating was a 10, the highest possible, before it made the transition to a full-time paid department.

“Our rates went through the roof,” Mayor Williams said. “Thank you chief for that work.”

Letters to homeowners about the new rating they can then provide to insurance companies are expected to go out soon.

“This is important to our residents,” Chief Reynolds said.

ISO raters visited the department in May and gave the new full-time department an extensive evaluation.