ZIP 46304 Insurance Data

Data Snapshot: ZIP 46304 (Chesterton, IN)

ZIP 46304 (Chesterton, IN) shows an average homeowners insurance premium of $1,585 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 174 reported policies. That is 11% below the national average of $1,776 per year, placing this ZIP in the 53th percentile nationally. Compared to the Indiana state average of $1,481, this ZIP runs 7% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 46304 is 44.7%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 3.94%, and the average claim severity (amount paid per claim) is $17,983. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 3.12% in this ZIP, a rise of 67.2% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 46304 have risen by 0.3%, ranging from $1,577 to $1,588 with a five-year average of $1,582 — an annualized rate of +0.1% 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.