ZIP 24977 Insurance Data

Data Snapshot: ZIP 24977 (Smoot, WV)

ZIP 24977 (Smoot, WV) shows an average homeowners insurance premium of $1,240 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 12 reported policies. That is 30% below the national average of $1,776 per year, placing this ZIP in the 26th percentile nationally. Compared to the West Virginia state average of $1,167, this ZIP runs 6% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 1.59% in this ZIP, a drop of 3.2% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 24977 have risen by 4.4%, ranging from $1,102 to $1,240 with a five-year average of $1,152 — an annualized rate of +1.1% 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.