ZIP 60621 Insurance Data

Data Snapshot: ZIP 60621 (Chicago, IL)

ZIP 60621 (Chicago, IL) shows an average homeowners insurance premium of $2,700 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 3,718 reported policies. That is 52% above the national average of $1,776 per year, placing this ZIP in the 92th percentile nationally. Compared to the Illinois state average of $1,631, this ZIP runs 66% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 60621 is 56.1%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 6.72%, and the average claim severity (amount paid per claim) is $22,555. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 2.50% in this ZIP, a rise of 40.2% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 60621 have risen by 1.7%, ranging from $2,427 to $2,700 with a five-year average of $2,586 — an annualized rate of +0.4% 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.