ZIP 48382 Insurance Data

Data Snapshot: ZIP 48382 (Commerce Township, MI)

ZIP 48382 (Commerce Township, MI) shows an average homeowners insurance premium of $1,589 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 514 reported policies. That is 10% below the national average of $1,776 per year, placing this ZIP in the 53th percentile nationally. Compared to the Michigan state average of $1,233, this ZIP runs 29% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 48382 is 56.9%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 4.36%, and the average claim severity (amount paid per claim) is $20,758. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 1.94% in this ZIP, a drop of 71.5% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 48382 have fallen by 0.3%, ranging from $1,556 to $1,594 with a five-year average of $1,581 — 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.