Land O Lakes, FL Homeowners Insurance — ZIP 34638

Data Snapshot: ZIP 34638 (Land O Lakes, FL)

ZIP 34638 (Land O Lakes, FL) shows an average homeowners insurance premium of $1,946 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 162 reported policies. That is 10% above the national average of $1,776 per year, placing this ZIP in the 73th percentile nationally. Compared to the Florida state average of $4,870, this ZIP runs 60% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 34638 is 48.3%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 5.96%, and the average claim severity (amount paid per claim) is $15,776. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.06% in this ZIP; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 34638 have fallen by 40.6%, ranging from $1,861 to $3,277 with a five-year average of $2,413 — an annualized rate of -12.2% 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.

How to read these numbers: the figures on this page come from the U.S. Treasury Federal Insurance Office, which collects homeowners insurance premium and claims data directly from the largest property insurers in the country. Because the data is aggregated at the ZIP-code level and averaged across many policies, it describes the typical cost in an area rather than a quote for any single home. Two houses on the same street can pay very different premiums depending on their age, construction type, roof condition, prior claims, and the specific coverage limits and deductibles the homeowner selects. The loss ratio shows how much of every premium dollar insurers paid back out as claims; a ratio above one means carriers lost money locally, which often precedes rate increases or carrier exits. Rising nonrenewal and claim frequency reveal how stressed the local market has become. Use these figures to gauge the direction and scale of costs in your area, then request quotes from several licensed carriers before buying or renewing a policy.