ZIP 40507 Insurance Data

Data Snapshot: ZIP 40507 (Lexington, KY)

ZIP 40507 (Lexington, KY) shows an average homeowners insurance premium of $2,302 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 1,629 reported policies. That is 30% above the national average of $1,776 per year, placing this ZIP in the 84th percentile nationally. Compared to the Kentucky state average of $1,557, this ZIP runs 48% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 40507 is 71.4%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 8.41%, and the average claim severity (amount paid per claim) is $19,552.

Across 5 years (2018–2022), premiums in ZIP 40507 have fallen by 10.0%, ranging from $2,302 to $2,738 with a five-year average of $2,564 — 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.