ZIP 56324 Insurance Data

Data Snapshot: ZIP 56324 (Dalton, MN)

ZIP 56324 (Dalton, MN) shows an average homeowners insurance premium of $1,684 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 7 reported policies. That is 5% below the national average of $1,776 per year, placing this ZIP in the 59th percentile nationally. Compared to the Minnesota state average of $1,928, this ZIP runs 13% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 56324 is 442.2%, 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 40.83%, and the average claim severity (amount paid per claim) is $18,233.

Across 5 years (2018–2022), premiums in ZIP 56324 have risen by 15.4%, ranging from $1,460 to $1,684 with a five-year average of $1,559 — an annualized rate of +3.6% 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.