ZIP 29168 Insurance Data

Data Snapshot: ZIP 29168 (Wedgefield, SC)

ZIP 29168 (Wedgefield, SC) shows an average homeowners insurance premium of $1,449 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 12 reported policies. That is 18% below the national average of $1,776 per year, placing this ZIP in the 43th percentile nationally. Compared to the South Carolina state average of $1,765, this ZIP runs 18% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 29168 is 88.1%, meaning insurers are operating on thin margins here. Claim frequency — the share of policies with at least one claim — is 6.67%, and the average claim severity (amount paid per claim) is $19,146. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 1.05% in this ZIP; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 29168 have fallen by 10.0%, ranging from $1,449 to $1,610 with a five-year average of $1,529 — an annualized rate of -2.6% 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.