ZIP 21029 Insurance Data

Data Snapshot: ZIP 21029 (Clarksville, MD)

ZIP 21029 (Clarksville, MD) shows an average homeowners insurance premium of $2,278 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 274 reported policies. That is 28% above the national average of $1,776 per year, placing this ZIP in the 84th percentile nationally. Compared to the Maryland state average of $1,627, this ZIP runs 40% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 21029 is 161.5%, 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 6.02%, and the average claim severity (amount paid per claim) is $61,144. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.54% in this ZIP, a rise of 59.5% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 21029 have risen by 15.1%, ranging from $1,979 to $2,278 with a five-year average of $2,128 — an annualized rate of +3.6% 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.