ZIP 48865 Insurance Data

Data Snapshot: ZIP 48865 (Orleans, MI)

ZIP 48865 (Orleans, MI) shows an average homeowners insurance premium of $1,105 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 32 reported policies. That is 38% below the national average of $1,776 per year, placing this ZIP in the 15th percentile nationally. Compared to the Michigan state average of $1,233, this ZIP runs 10% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 48865 is 123.6%, meaning insurers paid out more in claims than they collected — a signal that premiums may rise or carriers may exit. Claim frequency — the share of policies with at least one claim — is 6.92%, and the average claim severity (amount paid per claim) is $19,744. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.31% in this ZIP, a drop of 88.4% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 48865 have fallen by 9.6%, ranging from $1,105 to $1,223 with a five-year average of $1,155 — an annualized rate of -2.5% 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.