ZIP 02128 Insurance Data

Data Snapshot: ZIP 02128 (East Boston, MA)

ZIP 02128 (East Boston, MA) shows an average homeowners insurance premium of $2,355 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 3,224 reported policies. That is 33% above the national average of $1,776 per year, placing this ZIP in the 86th percentile nationally. Compared to the Massachusetts state average of $2,294, this ZIP runs 3% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 02128 is 9.8%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 2.80%, and the average claim severity (amount paid per claim) is $8,251. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 1.72% in this ZIP, a rise of 34.8% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 02128 have fallen by 0.7%, ranging from $2,338 to $2,438 with a five-year average of $2,387 — an annualized rate of -0.2% per year. FIO data aggregates voluntary reporting from the 40 largest homeowners insurers, covering roughly 80% of the U.S. market, so figures represent market averages rather than individual policy quotes; your own premium will vary with dwelling value, deductible, coverage limits, construction type, and insurer-specific underwriting. This page is educational research only and is not insurance advice — homeowners should request quotes from multiple licensed carriers or an independent agent before purchasing or renewing coverage.