ZIP 62994 Insurance Data

Data Snapshot: ZIP 62994 (Vergennes, IL)

ZIP 62994 (Vergennes, IL) shows an average homeowners insurance premium of $1,670 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 7 reported policies. That is 6% below the national average of $1,776 per year, placing this ZIP in the 58th percentile nationally. Compared to the Illinois state average of $1,631, this ZIP runs 2% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 62994 is 8.2%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 1.63%, and the average claim severity (amount paid per claim) is $8,380.

Across 5 years (2018–2022), premiums in ZIP 62994 have risen by 8.3%, ranging from $1,542 to $1,716 with a five-year average of $1,614 — an annualized rate of +2.0% 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.