ZIP 46628 Insurance Data

Data Snapshot: ZIP 46628 (South Bend, IN)

ZIP 46628 (South Bend, IN) shows an average homeowners insurance premium of $1,305 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 282 reported policies. That is 27% below the national average of $1,776 per year, placing this ZIP in the 32th percentile nationally. Compared to the Indiana state average of $1,481, this ZIP runs 12% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 46628 is 38.8%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 3.34%, and the average claim severity (amount paid per claim) is $15,179. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 1.08% in this ZIP, a drop of 45.3% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 46628 have fallen by 0.1%, ranging from $1,287 to $1,307 with a five-year average of $1,300 — an annualized rate of -0.0% 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.