ZIP 49808 Insurance Data

Data Snapshot: ZIP 49808 (Big Bay, MI)

ZIP 49808 (Big Bay, MI) shows an average homeowners insurance premium of $1,137 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations. That is 36% below the national average of $1,776 per year, placing this ZIP in the 18th percentile nationally. Compared to the Michigan state average of $1,233, this ZIP runs 8% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 49808 is 18.7%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 1.45%, and the average claim severity (amount paid per claim) is $14,703. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 1.45% in this ZIP, a drop of 72.2% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 49808 have fallen by 7.9%, ranging from $1,137 to $1,235 with a five-year average of $1,185 — an annualized rate of -2.0% 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.