ZIP 51355 Insurance Data

Data Snapshot: ZIP 51355 (Okoboji, IA)

ZIP 51355 (Okoboji, IA) shows an average homeowners insurance premium of $2,506 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 141 reported policies. That is 41% above the national average of $1,776 per year, placing this ZIP in the 89th percentile nationally. Compared to the Iowa state average of $1,629, this ZIP runs 54% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 51355 is 32.5%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 5.67%, and the average claim severity (amount paid per claim) is $14,367. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.28% in this ZIP, a drop of 57.8% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 51355 have risen by 5.1%, ranging from $2,340 to $2,506 with a five-year average of $2,416 — an annualized rate of +1.3% 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.