ZIP 73069 Insurance Data

Data Snapshot: ZIP 73069 (Norman, OK)

ZIP 73069 (Norman, OK) shows an average homeowners insurance premium of $2,646 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 582 reported policies. That is 49% above the national average of $1,776 per year, placing this ZIP in the 91th percentile nationally. Compared to the Oklahoma state average of $2,622, this ZIP runs 1% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 73069 is 162.8%, meaning insurers paid out more in claims than they collected — a signal that premiums may rise or carriers may exit. Claim frequency — the share of policies with at least one claim — is 34.65%, and the average claim severity (amount paid per claim) is $12,428. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 1.30% in this ZIP, a rise of 85.8% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 73069 have fallen by 9.7%, ranging from $2,646 to $2,930 with a five-year average of $2,774 — an annualized rate of -2.5% 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.