ZIP 74338 Insurance Data

Data Snapshot: ZIP 74338 (Colcord, OK)

ZIP 74338 (Colcord, OK) shows an average homeowners insurance premium of $2,017 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 12 reported policies. That is 14% above the national average of $1,776 per year, placing this ZIP in the 76th percentile nationally. Compared to the Oklahoma state average of $2,622, this ZIP runs 23% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 74338 is 16.7%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 1.83%, and the average claim severity (amount paid per claim) is $18,361. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.30% in this ZIP; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 74338 have fallen by 1.2%, ranging from $1,926 to $2,047 with a five-year average of $2,000 — an annualized rate of -0.3% 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.