ZIP 38685 Insurance Data

Data Snapshot: ZIP 38685 (Waterford, MS)

ZIP 38685 (Waterford, MS) shows an average homeowners insurance premium of $1,861 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 5 reported policies. That is 5% above the national average of $1,776 per year, placing this ZIP in the 69th percentile nationally. Compared to the Mississippi state average of $1,976, this ZIP runs 6% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 38685 is 14.9%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 5.17%, and the average claim severity (amount paid per claim) is $5,354.

Across 5 years (2018–2022), premiums in ZIP 38685 have fallen by 1.3%, ranging from $1,837 to $1,901 with a five-year average of $1,868 — an annualized rate of -0.3% 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.