ZIP 74864 Insurance Data

Data Snapshot: ZIP 74864 (Prague, OK)

ZIP 74864 (Prague, OK) shows an average homeowners insurance premium of $2,558 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 18 reported policies. That is 44% above the national average of $1,776 per year, placing this ZIP in the 90th percentile nationally. Compared to the Oklahoma state average of $2,622, this ZIP runs 2% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 74864 is 74.9%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 4.97%, and the average claim severity (amount paid per claim) is $38,554. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 1.32% in this ZIP, a rise of 268.9% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 74864 have risen by 7.9%, ranging from $2,358 to $2,558 with a five-year average of $2,427 — an annualized rate of +1.9% 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.