ZIP 42027 Insurance Data

Data Snapshot: ZIP 42027 (Boaz, KY)

ZIP 42027 (Boaz, KY) shows an average homeowners insurance premium of $2,048 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 19 reported policies. That is 15% above the national average of $1,776 per year, placing this ZIP in the 77th percentile nationally. Compared to the Kentucky state average of $1,557, this ZIP runs 32% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 42027 is 34.2%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 6.09%, and the average claim severity (amount paid per claim) is $11,501. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.23% in this ZIP, a drop of 86.3% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 42027 have risen by 6.7%, ranging from $1,893 to $2,048 with a five-year average of $1,942 — an annualized rate of +1.6% 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.