ZIP 12974 Insurance Data

Data Snapshot: ZIP 12974 (Port Henry, NY)

ZIP 12974 (Port Henry, NY) shows an average homeowners insurance premium of $1,171 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 76 reported policies. That is 34% below the national average of $1,776 per year, placing this ZIP in the 21th percentile nationally. Compared to the New York state average of $1,896, this ZIP runs 38% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 12974 is 320.1%, meaning insurers paid out more in claims than they collected — a signal that premiums may rise or carriers may exit. Claim frequency — the share of policies with at least one claim — is 1.68%, and the average claim severity (amount paid per claim) is $223,710.

Across 5 years (2018–2022), premiums in ZIP 12974 have risen by 4.4%, ranging from $1,122 to $1,215 with a five-year average of $1,161 — an annualized rate of +1.1% 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.