ZIP 04623 Insurance Data

Data Snapshot: ZIP 04623 (Columbia Falls, ME)

ZIP 04623 (Columbia Falls, ME) shows an average homeowners insurance premium of $1,084 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 3 reported policies. That is 39% below the national average of $1,776 per year, placing this ZIP in the 14th percentile nationally. Compared to the Maine state average of $1,294, this ZIP runs 16% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.45% in this ZIP, a drop of 14.3% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 04623 have risen by 12.8%, ranging from $961 to $1,084 with a five-year average of $1,038 — an annualized rate of +3.1% 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.