ZIP 55085 Insurance Data

Data Snapshot: ZIP 55085 (Vermillion, MN)

ZIP 55085 (Vermillion, MN) shows an average homeowners insurance premium of $2,356 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 197 reported policies. That is 33% above the national average of $1,776 per year, placing this ZIP in the 86th percentile nationally. Compared to the Minnesota state average of $1,928, this ZIP runs 22% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 55085 is 65.0%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 4.55%, and the average claim severity (amount paid per claim) is $33,723.

Across 5 years (2018–2022), premiums in ZIP 55085 have risen by 20.9%, ranging from $1,948 to $2,356 with a five-year average of $2,072 — an annualized rate of +4.9% 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.