ZIP 84045 Insurance Data

Data Snapshot: ZIP 84045 (Saratoga Springs, UT)

ZIP 84045 (Saratoga Springs, UT) shows an average homeowners insurance premium of $1,011 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 319 reported policies. That is 43% below the national average of $1,776 per year, placing this ZIP in the 8th percentile nationally. Compared to the Utah state average of $1,132, this ZIP runs 11% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 84045 is 31.5%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 2.42%, and the average claim severity (amount paid per claim) is $13,152. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.88% in this ZIP, a rise of 94.2% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 84045 have risen by 15.9%, ranging from $872 to $1,011 with a five-year average of $933 — an annualized rate of +3.8% 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.