ZIP 23069 Insurance Data

Data Snapshot: ZIP 23069 (Hanover, VA)

ZIP 23069 (Hanover, VA) shows an average homeowners insurance premium of $1,390 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 22 reported policies. That is 22% below the national average of $1,776 per year, placing this ZIP in the 38th percentile nationally. Compared to the Virginia state average of $1,369, this ZIP runs 2% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 23069 is 25.0%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 4.46%, and the average claim severity (amount paid per claim) is $7,777. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 1.98% in this ZIP, a rise of 116.2% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 23069 have risen by 8.8%, ranging from $1,277 to $1,390 with a five-year average of $1,337 — an annualized rate of +2.1% 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.