ZIP 27614 Insurance Data

Data Snapshot: ZIP 27614 (Raleigh, NC)

ZIP 27614 (Raleigh, NC) shows an average homeowners insurance premium of $2,240 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 448 reported policies. That is 26% above the national average of $1,776 per year, placing this ZIP in the 83th percentile nationally. Compared to the North Carolina state average of $1,379, this ZIP runs 62% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 27614 is 92.1%, meaning insurers are operating on thin margins here. Claim frequency — the share of policies with at least one claim — is 9.93%, and the average claim severity (amount paid per claim) is $20,783. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 2.29% in this ZIP, a drop of 9.9% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 27614 have risen by 13.4%, ranging from $1,975 to $2,240 with a five-year average of $2,122 — an annualized rate of +3.2% 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.