ZIP 56159 Insurance Data

Data Snapshot: ZIP 56159 (Mountain Lake, MN)

ZIP 56159 (Mountain Lake, MN) shows an average homeowners insurance premium of $1,780 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 9 reported policies. That is 0% above the national average of $1,776 per year, placing this ZIP in the 65th percentile nationally. Compared to the Minnesota state average of $1,928, this ZIP runs 8% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 56159 is 91.5%, meaning insurers are operating on thin margins here. Claim frequency — the share of policies with at least one claim — is 4.21%, and the average claim severity (amount paid per claim) is $38,636. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 2.30% in this ZIP, a rise of 513.8% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 56159 have risen by 19.1%, ranging from $1,494 to $1,780 with a five-year average of $1,623 — an annualized rate of +4.5% 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.