ZIP 62231 Insurance Data

Data Snapshot: ZIP 62231 (Carlyle, IL)

ZIP 62231 (Carlyle, IL) shows an average homeowners insurance premium of $1,534 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 15 reported policies. That is 14% below the national average of $1,776 per year, placing this ZIP in the 49th percentile nationally. Compared to the Illinois state average of $1,631, this ZIP runs 6% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 62231 is 98.3%, meaning insurers are operating on thin margins here. Claim frequency — the share of policies with at least one claim — is 5.73%, and the average claim severity (amount paid per claim) is $26,280. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.54% in this ZIP, a rise of 136.6% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 62231 have risen by 12.6%, ranging from $1,362 to $1,534 with a five-year average of $1,459 — an annualized rate of +3.0% 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.