ZIP 98840 Insurance Data

Data Snapshot: ZIP 98840 (Okanogan, WA)

ZIP 98840 (Okanogan, WA) shows an average homeowners insurance premium of $1,441 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 4 reported policies. That is 19% below the national average of $1,776 per year, placing this ZIP in the 42th percentile nationally. Compared to the Washington state average of $1,384, this ZIP runs 4% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 98840 is 94.4%, meaning insurers are operating on thin margins here. Claim frequency — the share of policies with at least one claim — is 4.30%, and the average claim severity (amount paid per claim) is $31,632. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.61% in this ZIP, a drop of 22.9% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 98840 have risen by 13.0%, ranging from $1,275 to $1,441 with a five-year average of $1,348 — an annualized rate of +3.1% 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.