ZIP 08734 Insurance Data

Data Snapshot: ZIP 08734 (Lanoka Harbor, NJ)

ZIP 08734 (Lanoka Harbor, NJ) shows an average homeowners insurance premium of $2,054 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 515 reported policies. That is 16% above the national average of $1,776 per year, placing this ZIP in the 77th percentile nationally. Compared to the New Jersey state average of $1,858, this ZIP runs 11% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 08734 is 31.1%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 4.53%, and the average claim severity (amount paid per claim) is $14,109. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.20% in this ZIP, a drop of 46.1% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 08734 have risen by 17.9%, ranging from $1,742 to $2,054 with a five-year average of $1,929 — an annualized rate of +4.2% 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.