ZIP 52318 Insurance Data

Data Snapshot: ZIP 52318 (Norway, IA)

ZIP 52318 (Norway, IA) shows an average homeowners insurance premium of $1,559 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 10 reported policies. That is 12% below the national average of $1,776 per year, placing this ZIP in the 51th percentile nationally. Compared to the Iowa state average of $1,629, this ZIP runs 4% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 52318 is 185.6%, 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 11.54%, and the average claim severity (amount paid per claim) is $25,079.

Across 5 years (2018–2022), premiums in ZIP 52318 have risen by 7.9%, ranging from $1,403 to $1,569 with a five-year average of $1,482 — an annualized rate of +1.9% 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.