ZIP 28465 Insurance Data

Data Snapshot: ZIP 28465 (Oak Island, NC)

ZIP 28465 (Oak Island, NC) shows an average homeowners insurance premium of $1,243 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 238 reported policies. That is 30% below the national average of $1,776 per year, placing this ZIP in the 27th percentile nationally. Compared to the North Carolina state average of $1,379, this ZIP runs 10% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 28465 is 28.5%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 1.73%, and the average claim severity (amount paid per claim) is $20,471. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 1.46% in this ZIP, a drop of 43.0% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 28465 have risen by 14.7%, ranging from $1,084 to $1,289 with a five-year average of $1,209 — an annualized rate of +3.5% 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.