ZIP 28097 Insurance Data

Data Snapshot: ZIP 28097 (Locust, NC)

ZIP 28097 (Locust, NC) shows an average homeowners insurance premium of $1,123 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 68 reported policies. That is 37% below the national average of $1,776 per year, placing this ZIP in the 17th percentile nationally. Compared to the North Carolina state average of $1,379, this ZIP runs 19% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 28097 is 37.2%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 4.54%, and the average claim severity (amount paid per claim) is $9,207. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 4.84% in this ZIP, a rise of 94.0% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 28097 have risen by 4.7%, ranging from $1,073 to $1,132 with a five-year average of $1,104 — 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.