ZIP 32176 Insurance Data

Data Snapshot: ZIP 32176 (Ormond Beach, FL)

ZIP 32176 (Ormond Beach, FL) shows an average homeowners insurance premium of $6,435 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 1,054 reported policies. That is 262% above the national average of $1,776 per year, placing this ZIP in the 99th percentile nationally. Compared to the Florida state average of $4,870, this ZIP runs 32% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 32176 is 9.0%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 6.57%, and the average claim severity (amount paid per claim) is $8,803. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.29% in this ZIP, a drop of 32.3% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 32176 have fallen by 19.2%, ranging from $6,390 to $7,959 with a five-year average of $6,872 — an annualized rate of -5.2% 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.