ZIP 18602 Insurance Data

Data Snapshot: ZIP 18602 (Bear Creek, PA)

ZIP 18602 (Bear Creek, PA) shows an average homeowners insurance premium of $2,214 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 51 reported policies. That is 25% above the national average of $1,776 per year, placing this ZIP in the 82th percentile nationally. Compared to the Pennsylvania state average of $1,131, this ZIP runs 96% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 18602 is 55.0%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 5.61%, and the average claim severity (amount paid per claim) is $21,701.

Across 5 years (2018–2022), premiums in ZIP 18602 have risen by 12.1%, ranging from $1,975 to $2,214 with a five-year average of $2,076 — an annualized rate of +2.9% 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.