ZIP 98605 Insurance Data

Data Snapshot: ZIP 98605 (Bingen, WA)

ZIP 98605 (Bingen, WA) shows an average homeowners insurance premium of $1,309 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 10 reported policies. That is 26% below the national average of $1,776 per year, placing this ZIP in the 32th percentile nationally. Compared to the Washington state average of $1,384, this ZIP runs 5% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 98605 is 121.0%, meaning insurers paid out more in claims than they collected — a signal that premiums may rise or carriers may exit. Claim frequency — the share of policies with at least one claim — is 2.39%, and the average claim severity (amount paid per claim) is $66,198.

Across 5 years (2018–2022), premiums in ZIP 98605 have risen by 18.1%, ranging from $1,109 to $1,309 with a five-year average of $1,208 — an annualized rate of +4.2% 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.