ZIP 29113 Insurance Data

Data Snapshot: ZIP 29113 (Norway, SC)

ZIP 29113 (Norway, SC) shows an average homeowners insurance premium of $1,414 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 14 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 South Carolina state average of $1,765, this ZIP runs 20% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 29113 is 29.9%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 7.81%, and the average claim severity (amount paid per claim) is $5,404. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 2.08% in this ZIP; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 29113 have fallen by 13.6%, ranging from $1,366 to $1,638 with a five-year average of $1,490 — an annualized rate of -3.6% 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.