ZIP 85045 Insurance Data

Data Snapshot: ZIP 85045 (Phoenix, AZ)

ZIP 85045 (Phoenix, AZ) shows an average homeowners insurance premium of $1,530 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 772 reported policies. That is 14% below the national average of $1,776 per year, placing this ZIP in the 48th percentile nationally. Compared to the Arizona state average of $1,226, this ZIP runs 25% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 85045 is 43.7%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 6.19%, and the average claim severity (amount paid per claim) is $10,797. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 1.22% in this ZIP, a rise of 28.0% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 85045 have risen by 14.4%, ranging from $1,338 to $1,530 with a five-year average of $1,413 — an annualized rate of +3.4% 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.