ZIP 11770 Insurance Data

Data Snapshot: ZIP 11770 (Ocean Beach, NY)

ZIP 11770 (Ocean Beach, NY) shows an average homeowners insurance premium of $3,832 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 121 reported policies. That is 116% above the national average of $1,776 per year, placing this ZIP in the 98th percentile nationally. Compared to the New York state average of $1,896, this ZIP runs 102% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 11770 is 3.5%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 1.03%, and the average claim severity (amount paid per claim) is $13,084. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.34% in this ZIP; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 11770 have fallen by 27.2%, ranging from $3,832 to $5,266 with a five-year average of $4,329 — an annualized rate of -7.6% 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.