ZIP 48434 Insurance Data

Data Snapshot: ZIP 48434 (Forestville, MI)

ZIP 48434 (Forestville, MI) shows an average homeowners insurance premium of $862 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 73 reported policies. That is 51% below the national average of $1,776 per year, placing this ZIP in the 1th percentile nationally. Compared to the Michigan state average of $1,233, this ZIP runs 30% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 48434 is 28.1%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 3.85%, and the average claim severity (amount paid per claim) is $6,304.

Across 5 years (2018–2022), premiums in ZIP 48434 have fallen by 6.9%, ranging from $862 to $943 with a five-year average of $913 — an annualized rate of -1.8% 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.