ZIP 07030 Insurance Data

Data Snapshot: ZIP 07030 (Hoboken, NJ)

ZIP 07030 (Hoboken, NJ) shows an average homeowners insurance premium of $3,429 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 15,511 reported policies. That is 93% above the national average of $1,776 per year, placing this ZIP in the 97th percentile nationally. Compared to the New Jersey state average of $1,858, this ZIP runs 85% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 07030 is 34.7%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 11.98%, and the average claim severity (amount paid per claim) is $9,945. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 1.20% in this ZIP, a rise of 316.8% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 07030 have risen by 3.2%, ranging from $3,304 to $3,432 with a five-year average of $3,374 — an annualized rate of +0.8% 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.