ZIP 59102 Insurance Data

Data Snapshot: ZIP 59102 (Billings, MT)

ZIP 59102 (Billings, MT) shows an average homeowners insurance premium of $2,067 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 1,217 reported policies. That is 16% above the national average of $1,776 per year, placing this ZIP in the 78th percentile nationally. Compared to the Montana state average of $1,945, this ZIP runs 6% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 59102 is 87.1%, meaning insurers are operating on thin margins here. Claim frequency — the share of policies with at least one claim — is 8.97%, and the average claim severity (amount paid per claim) is $20,064. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.25% in this ZIP, a drop of 58.1% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 59102 have risen by 7.0%, ranging from $1,925 to $2,067 with a five-year average of $1,979 — an annualized rate of +1.7% 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.