ZIP 28745 Insurance Data

Data Snapshot: ZIP 28745 (Lake Junaluska, NC)

ZIP 28745 (Lake Junaluska, NC) shows an average homeowners insurance premium of $1,422 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 341 reported policies. That is 20% below the national average of $1,776 per year, placing this ZIP in the 40th percentile nationally. Compared to the North Carolina state average of $1,379, this ZIP runs 3% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 28745 is 31.8%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 3.95%, and the average claim severity (amount paid per claim) is $11,443. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.53% in this ZIP, a drop of 59.5% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 28745 have risen by 8.5%, ranging from $1,311 to $1,422 with a five-year average of $1,367 — an annualized rate of +2.1% 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.