ZIP 83450 Insurance Data

Data Snapshot: ZIP 83450 (Terreton, ID)

ZIP 83450 (Terreton, ID) shows an average homeowners insurance premium of $1,261 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 4 reported policies. That is 29% below the national average of $1,776 per year, placing this ZIP in the 28th percentile nationally. Compared to the Idaho state average of $1,321, this ZIP runs 5% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 83450 is 38.0%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 4.35%, and the average claim severity (amount paid per claim) is $11,023.

Across 5 years (2018–2022), premiums in ZIP 83450 have risen by 22.8%, ranging from $1,027 to $1,261 with a five-year average of $1,160 — an annualized rate of +5.3% 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.