ZIP 60045 Insurance Data

Data Snapshot: ZIP 60045 (Lake Forest, IL)

ZIP 60045 (Lake Forest, IL) shows an average homeowners insurance premium of $4,300 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 380 reported policies. That is 142% above the national average of $1,776 per year, placing this ZIP in the 98th percentile nationally. Compared to the Illinois state average of $1,631, this ZIP runs 164% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 60045 is 67.6%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 10.22%, and the average claim severity (amount paid per claim) is $28,424. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.73% in this ZIP, a rise of 5.7% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 60045 have risen by 1.3%, ranging from $4,245 to $4,470 with a five-year average of $4,357 — an annualized rate of +0.3% 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.