ZIP 55322 Insurance Data

Data Snapshot: ZIP 55322 (Cologne, MN)

ZIP 55322 (Cologne, MN) shows an average homeowners insurance premium of $2,432 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 22 reported policies. That is 37% above the national average of $1,776 per year, placing this ZIP in the 87th percentile nationally. Compared to the Minnesota state average of $1,928, this ZIP runs 26% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 55322 is 26.3%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 4.26%, and the average claim severity (amount paid per claim) is $15,025. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.59% in this ZIP, a rise of 320.7% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 55322 have risen by 13.7%, ranging from $2,139 to $2,432 with a five-year average of $2,267 — an annualized rate of +3.3% 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.