ZIP 61241 Insurance Data

Data Snapshot: ZIP 61241 (Colona, IL)

ZIP 61241 (Colona, IL) shows an average homeowners insurance premium of $1,387 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 152 reported policies. That is 22% below the national average of $1,776 per year, placing this ZIP in the 38th percentile nationally. Compared to the Illinois state average of $1,631, this ZIP runs 15% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 61241 is 57.8%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 5.22%, and the average claim severity (amount paid per claim) is $15,366. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.80% in this ZIP, a rise of 19.4% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 61241 have risen by 20.8%, ranging from $1,148 to $1,387 with a five-year average of $1,270 — an annualized rate of +4.8% 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.