ZIP 93108 Insurance Data

Data Snapshot: ZIP 93108 (Santa Barbara, CA)

ZIP 93108 (Santa Barbara, CA) shows an average homeowners insurance premium of $6,496 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 202 reported policies. That is 266% above the national average of $1,776 per year, placing this ZIP in the 99th percentile nationally. Compared to the California state average of $1,864, this ZIP runs 248% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 93108 is 94.8%, meaning insurers are operating on thin margins here. Claim frequency — the share of policies with at least one claim — is 4.12%, and the average claim severity (amount paid per claim) is $149,547. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 5.31% in this ZIP, a rise of 354.5% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 93108 have risen by 18.1%, ranging from $5,499 to $6,830 with a five-year average of $6,222 — an annualized rate of +4.3% 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.