ZIP 21841 Insurance Data

Data Snapshot: ZIP 21841 (Newark, MD)

ZIP 21841 (Newark, MD) shows an average homeowners insurance premium of $1,351 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 10 reported policies. That is 24% below the national average of $1,776 per year, placing this ZIP in the 35th percentile nationally. Compared to the Maryland state average of $1,627, this ZIP runs 17% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 21841 is 23.6%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 1.57%, and the average claim severity (amount paid per claim) is $20,313. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 1.18% in this ZIP; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 21841 have fallen by 8.8%, ranging from $1,351 to $1,481 with a five-year average of $1,430 — an annualized rate of -2.3% 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.