ZIP 31328 Insurance Data

Data Snapshot: ZIP 31328 (Tybee Island, GA)

ZIP 31328 (Tybee Island, GA) shows an average homeowners insurance premium of $4,350 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 228 reported policies. That is 145% above the national average of $1,776 per year, placing this ZIP in the 98th percentile nationally. Compared to the Georgia state average of $1,769, this ZIP runs 146% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 31328 is 4.2%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 1.75%, and the average claim severity (amount paid per claim) is $10,362. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.75% in this ZIP, a drop of 48.5% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 31328 have risen by 9.2%, ranging from $3,984 to $4,350 with a five-year average of $4,193 — an annualized rate of +2.2% 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.