ZIP 46165 Insurance Data

Data Snapshot: ZIP 46165 (North Salem, IN)

ZIP 46165 (North Salem, IN) shows an average homeowners insurance premium of $2,026 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 14 reported policies. That is 14% above the national average of $1,776 per year, placing this ZIP in the 76th percentile nationally. Compared to the Indiana state average of $1,481, this ZIP runs 37% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 46165 is 34.0%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 4.55%, and the average claim severity (amount paid per claim) is $15,153. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 2.73% in this ZIP, a rise of 74.5% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 46165 have risen by 11.3%, ranging from $1,820 to $2,026 with a five-year average of $1,916 — an annualized rate of +2.7% 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.