ZIP 04985 Insurance Data

Data Snapshot: ZIP 04985 (West Forks, ME)

ZIP 04985 (West Forks, ME) shows an average homeowners insurance premium of $946 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations. That is 47% below the national average of $1,776 per year, placing this ZIP in the 4th percentile nationally. Compared to the Maine state average of $1,294, this ZIP runs 27% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 04985 is 0.8%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 0.85%, and the average claim severity (amount paid per claim) is $889.

Across 5 years (2018–2022), premiums in ZIP 04985 have risen by 7.0%, ranging from $885 to $984 with a five-year average of $928 — an annualized rate of +1.7% 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.