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Home insurance & flood costs in ZIP 55044 (Lakeville, MN)

Plain facts for homeowners in Lakeville: what insurance cost here in recent years, how often claims were paid, and what flood coverage runs.

See the numbers

Historical averages, not a quote. Updated Oct 2026.

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ZIP 55044 at a glance

Four numbers most homeowners ask about first.

$2,516
Avg. home premium

Per policy in 2022 (inflation-adjusted), HO-3/HO-5 policies.

$786
Avg. flood policy

Single-family NFIP policies that took effect in 2025.

0.54%
Nonrenewal rate

Share of policies not renewed by insurers in 2022. Typical U.S. ZIP: 0.81%.

13.3%
Claim frequency

Share of policies with a paid claim in 2022. Typical U.S. ZIP: 4.0%.

ZIP 55044 in numbers
$22,317
average paid claim (2022)
+10%
premium change 2018–2022, after inflation
0.84%
cancelled by insurers mid-term (2022)
33
single-family NFIP policies (2025)

What homeowners here pay

Each block pairs a short explanation with the data behind it.

Homeowners insurance

U.S. Treasury FIO, HO-3/HO-5 policies, 2018–2022

The average premium per policy in ZIP 55044 was $2,516 in 2022, 6% above the Dakota County typical ZIP ($2,379) and 62% above the typical U.S. ZIP code ($1,551). After adjusting for inflation, it rose 10% between 2018 and 2022. About 13.3% of policies here had a paid claim in 2022, and insurers chose not to renew 0.54% of policies.

Dakota County overview

Average premium per policy

Inflation-adjusted dollars, Treasury FIO
ZIP 55044DakotaU.S. typical ZIP

Flood insurance

FEMA NFIP single-family policies, 2022–2025

The average single-family NFIP flood policy that took effect in ZIP 55044 in 2025 cost $786, based on 33 policies, compared with $634 in 2022. About 18% of them are for homes in high-risk A or V zones.

Average flood policy cost

Full cost incl. fees, by year the policy took effect

Policies by flood zone, 2025

33 policies
A zones 18%X/B/C zones 82%V zones 0%

Claims & hazards

Treasury FIO claim frequency; FEMA National Risk Index for Dakota County

The chart shows the share of homeowners policies in ZIP 55044 with at least one paid claim each year. FEMA rates hazards for the whole county, not single ZIP codes. The top hazards for Dakota County are listed below the chart, as national percentiles (100 = highest).

All county hazards

Policies with a paid claim

Share of policies, by year

Top county hazards

  • Strong wind99 · Very High
  • Hail98 · Relatively High
  • Tornado97 · Relatively High
  • Winter weather92 · Relatively High
  • Cold wave90 · Relatively High

Other ZIP codes in Dakota County

Average premium per policy in 2022 (Treasury FIO).

55024 Farmington · $2,34355033 Hastings · $2,36855068 Rosemount · $2,32955075 South Saint Paul · $1,91955076 Inver Grove Heights · $2,08155077 Inver Grove Heights · $2,74655118 Saint Paul · $2,41955122 Saint Paul · $2,38655123 Saint Paul · $2,59555124 Saint Paul · $2,41755306 Burnsville · $2,41555337 Burnsville · $2,307

Practical next steps

Simple things homeowners in ZIP 55044 can do with this information.

Ask about wind mitigation credits. Features like hurricane straps, a newer roof and impact-rated windows or shutters can lower premiums. Ask your insurer which upgrades earn a discount and what paperwork it needs.
Plan for heat and dry spells. Long dry periods can stress foundations and landscaping. Regular checks of your HVAC system and foundation can catch small problems before they become claims.
Look at your roof. Hail and wind claims often come down to the roof. Impact-resistant (Class 4) shingles can earn discounts in some states, and knowing your roof's age helps when you compare policies.
Compare at renewal. Premiums vary widely by ZIP code, home and insurer. Use these averages as a reference point, not a price, and compare a few quotes at renewal.

Historical averages, not a quote. Homeowners figures are inflation-adjusted averages from the U.S. Treasury Federal Insurance Office "Supporting Underlying Metrics" (2018–2022, published January 2025). They cover HO-3/HO-5 policies from participating private insurers and exclude state residual-market plans (such as FAIR plans and Citizens), surplus-lines and flood coverage. Treasury notes that individual ZIP codes can contain data anomalies. Your price depends on your home, coverage and insurer.

Sources: U.S. Treasury FIO; FEMA OpenFEMA NFIP Redacted Policies v3 (data as of Sep 8, 2026); FEMA National Risk Index (December 2025); U.S. Census Bureau ZCTA-to-county relationship file (2020) and county adjacency file; GeoNames place names. How we calculate these numbers.

This product uses the FEMA OpenFEMA API and National Risk Index data, but is not endorsed by FEMA. The Federal Government or FEMA cannot vouch for the data or analyses derived from these data after the data have been retrieved from the Agency's website(s). SafeHomeFacts is independent and not affiliated with the U.S. Treasury, FEMA or any insurer.