ZIP 10028 Insurance Data

Data Snapshot: ZIP 10028 (New York, NY)

ZIP 10028 (New York, NY) shows an average homeowners insurance premium of $14,005 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 55,636 reported policies. That is 689% above the national average of $1,776 per year, placing this ZIP in the 100th percentile nationally. Compared to the New York state average of $1,896, this ZIP runs 639% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 10028 is 76.2%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 14.56%, and the average claim severity (amount paid per claim) is $73,334. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 2.39% in this ZIP, a rise of 172.1% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 10028 have risen by 46.1%, ranging from $9,585 to $14,005 with a five-year average of $11,418 — an annualized rate of +9.9% 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.