ZIP 15434 Insurance Data

Data Snapshot: ZIP 15434 (Elco, PA)

ZIP 15434 (Elco, PA) shows an average homeowners insurance premium of $839 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 509 reported policies. That is 53% below the national average of $1,776 per year, placing this ZIP in the 1th percentile nationally. Compared to the Pennsylvania state average of $1,131, this ZIP runs 26% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 15434 is 1858.5%, 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 68.42%, and the average claim severity (amount paid per claim) is $22,799.

Across 5 years (2018–2022), premiums in ZIP 15434 have fallen by 11.6%, ranging from $839 to $985 with a five-year average of $930 — an annualized rate of -3.0% 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.