ZIP 08858 Insurance Data

Data Snapshot: ZIP 08858 (Oldwick, NJ)

ZIP 08858 (Oldwick, NJ) shows an average homeowners insurance premium of $4,268 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 20 reported policies. That is 140% above the national average of $1,776 per year, placing this ZIP in the 98th percentile nationally. Compared to the New Jersey state average of $1,858, this ZIP runs 130% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 08858 is 8.7%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 5.10%, and the average claim severity (amount paid per claim) is $7,293.

Across 5 years (2018–2022), premiums in ZIP 08858 have fallen by 1.4%, ranging from $4,050 to $4,500 with a five-year average of $4,322 — an annualized rate of -0.3% 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.