ZIP 55055 Insurance Data

Data Snapshot: ZIP 55055 (Newport, MN)

ZIP 55055 (Newport, MN) shows an average homeowners insurance premium of $1,986 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 372 reported policies. That is 12% above the national average of $1,776 per year, placing this ZIP in the 75th percentile nationally. Compared to the Minnesota state average of $1,928, this ZIP runs 3% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 55055 is 99.2%, meaning insurers are operating on thin margins here. Claim frequency — the share of policies with at least one claim — is 9.43%, and the average claim severity (amount paid per claim) is $20,885. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.79% in this ZIP, a rise of 36.7% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 55055 have risen by 8.6%, ranging from $1,818 to $1,986 with a five-year average of $1,886 — an annualized rate of +2.1% 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.