ZIP 55324 Insurance Data

Data Snapshot: ZIP 55324 (Darwin, MN)

ZIP 55324 (Darwin, MN) shows an average homeowners insurance premium of $2,040 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 13 reported policies. That is 15% above the national average of $1,776 per year, placing this ZIP in the 77th percentile nationally. Compared to the Minnesota state average of $1,928, this ZIP runs 6% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 55324 is 285.5%, 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 26.87%, and the average claim severity (amount paid per claim) is $21,677.

Across 5 years (2018–2022), premiums in ZIP 55324 have risen by 14.2%, ranging from $1,786 to $2,040 with a five-year average of $1,901 — an annualized rate of +3.4% 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.