ZIP 49757 Insurance Data

Data Snapshot: ZIP 49757 (Mackinac Island, MI)

ZIP 49757 (Mackinac Island, MI) shows an average homeowners insurance premium of $3,276 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 43 reported policies. That is 84% above the national average of $1,776 per year, placing this ZIP in the 96th percentile nationally. Compared to the Michigan state average of $1,233, this ZIP runs 166% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 49757 is 461.0%, 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 4.62%, and the average claim severity (amount paid per claim) is $327,202.

Across 5 years (2018–2022), premiums in ZIP 49757 have risen by 11.4%, ranging from $2,940 to $3,628 with a five-year average of $3,321 — an annualized rate of +2.7% 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.