ZIP 22850 Insurance Data

Data Snapshot: ZIP 22850 (Singers Glen, VA)

ZIP 22850 (Singers Glen, VA) shows an average homeowners insurance premium of $917 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 28 reported policies. That is 48% below the national average of $1,776 per year, placing this ZIP in the 3th percentile nationally. Compared to the Virginia state average of $1,369, this ZIP runs 33% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 22850 is 7.9%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 1.69%, and the average claim severity (amount paid per claim) is $4,268. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 2.54% in this ZIP, a rise of 22.0% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 22850 have fallen by 0.9%, ranging from $917 to $930 with a five-year average of $924 — an annualized rate of -0.2% 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.