ZIP 23455 Insurance Data

Data Snapshot: ZIP 23455 (Virginia Beach, VA)

ZIP 23455 (Virginia Beach, VA) shows an average homeowners insurance premium of $2,104 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 1,125 reported policies. That is 19% above the national average of $1,776 per year, placing this ZIP in the 79th percentile nationally. Compared to the Virginia state average of $1,369, this ZIP runs 54% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 23455 is 43.3%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 4.07%, and the average claim severity (amount paid per claim) is $22,419. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 3.82% in this ZIP, a rise of 85.0% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 23455 have risen by 1.8%, ranging from $2,051 to $2,104 with a five-year average of $2,073 — an annualized rate of +0.5% 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.