ZIP 55065 Insurance Data

Data Snapshot: ZIP 55065 (Randolph, MN)

ZIP 55065 (Randolph, MN) shows an average homeowners insurance premium of $2,332 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 14 reported policies. That is 31% above the national average of $1,776 per year, placing this ZIP in the 85th percentile nationally. Compared to the Minnesota state average of $1,928, this ZIP runs 21% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 55065 is 285.4%, 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 28.51%, and the average claim severity (amount paid per claim) is $23,343.

Across 5 years (2018–2022), premiums in ZIP 55065 have risen by 17.3%, ranging from $1,988 to $2,332 with a five-year average of $2,141 — an annualized rate of +4.1% 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.