ZIP 20838 Insurance Data

Data Snapshot: ZIP 20838 (Barnesville, MD)

ZIP 20838 (Barnesville, MD) shows an average homeowners insurance premium of $2,231 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 37 reported policies. That is 26% above the national average of $1,776 per year, placing this ZIP in the 83th percentile nationally. Compared to the Maryland state average of $1,627, this ZIP runs 37% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 20838 is 0.8%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 4.11%, and the average claim severity (amount paid per claim) is $439.

Across 5 years (2018–2022), premiums in ZIP 20838 have risen by 7.7%, ranging from $2,041 to $2,231 with a five-year average of $2,121 — an annualized rate of +1.9% 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.