ZIP 70128 Insurance Data

Data Snapshot: ZIP 70128 (New Orleans, LA)

ZIP 70128 (New Orleans, LA) shows an average homeowners insurance premium of $4,019 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 1,355 reported policies. That is 126% above the national average of $1,776 per year, placing this ZIP in the 98th percentile nationally. Compared to the Louisiana state average of $2,539, this ZIP runs 58% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 70128 is 93.1%, meaning insurers are operating on thin margins here. Claim frequency — the share of policies with at least one claim — is 11.49%, and the average claim severity (amount paid per claim) is $32,573. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 2.08% in this ZIP, a rise of 320.6% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 70128 have fallen by 1.5%, ranging from $3,988 to $4,202 with a five-year average of $4,066 — 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.