ZIP 19940 Insurance Data

Data Snapshot: ZIP 19940 (Delmar, DE)

ZIP 19940 (Delmar, DE) shows an average homeowners insurance premium of $993 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 52 reported policies. That is 44% below the national average of $1,776 per year, placing this ZIP in the 7th percentile nationally. Compared to the Delaware state average of $1,252, this ZIP runs 21% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 19940 is 95.4%, meaning insurers are operating on thin margins here. Claim frequency — the share of policies with at least one claim — is 3.23%, and the average claim severity (amount paid per claim) is $29,342. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 1.34% in this ZIP, a drop of 22.6% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 19940 have risen by 2.9%, ranging from $957 to $993 with a five-year average of $971 — an annualized rate of +0.7% 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.