ZIP 12970 Insurance Data

Data Snapshot: ZIP 12970 (Paul Smiths, NY)

ZIP 12970 (Paul Smiths, NY) shows an average homeowners insurance premium of $6,205 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 7 reported policies. That is 249% above the national average of $1,776 per year, placing this ZIP in the 99th percentile nationally. Compared to the New York state average of $1,896, this ZIP runs 227% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 12970 is 10.2%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 2.82%, and the average claim severity (amount paid per claim) is $22,469.

Across 5 years (2018–2022), premiums in ZIP 12970 have risen by 20.0%, ranging from $5,172 to $6,659 with a five-year average of $6,024 — an annualized rate of +4.7% 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.