In Oregon, the average cost of house insurance is $79 per month, or $943 per year. The annual average rate for homeowners insurance in Oregon is $943. This is about $1,000 less than the national average, which stands at $1,899.
What is the average cost of homeowner’s insurance in Oregon?
Local agents are the best candidates for Grange Insurance Association. Grange Insurance Association is a specialist in house insurance in six states, including Oregon. If money is your primary concern and you prefer to work with a local agent, this business may be a good choice for you.
The average premium is significantly lower than the state average. As a mutual organization, Grange Insurance Association is created to serve the interests of its policyholders. Water backup, recreational vehicle, and agricultural liability are optional coverages. Read further: In Oregon, the yearly for coverage worth $250,000 is $704 in 2022.
This is far lower than the current national average of $1,383 per year. This may be because Oregon has fewer unpredictable weather conditions than other states in the Pacific Northwest. Local agents are the best candidates for Grange Insurance Association.
Grange Insurance Association is a specialist in house insurance in six states, including Oregon. If money is your primary concern and you prefer to work with a local agent, this business may be a good choice for you. The average premium is significantly lower than the state average. As a mutual organization, Grange Insurance Association is created to serve the interests of its policyholders.
Water backup, recreational vehicle, and agricultural liability are optional coverages. Read further: In Oregon, the yearly for coverage worth $250,000 is $704 in 2022. This is far lower than the current national average of $1,383 per year. This may be because Oregon has fewer unpredictable weather conditions than other states in the Pacific Northwest.
| Oregon city | Average annual premium for $250K dwelling coverage |
|---|---|
| Beaverton | $629 |
| Bend | $762 |
| Corvallis | $649 |
| Eugene | $658 |
| Gresham | $690 |
| Hillsboro | $612 |
| Medford | $676 |
| Portland | $665 |
| Salem | $676 |
| Springfield | $679 |
Local agents are the best candidates for Grange Insurance Association. Grange Insurance Association is a specialist in house insurance in six states, including Oregon. If money is your primary concern and you prefer to work with a local agent, this business may be a good choice for you.
- The average premium is significantly lower than the state average.
- As a mutual organization, Grange Insurance Association is created to serve the interests of its policyholders.
- Water backup, recreational vehicle, and agricultural liability are optional coverages.
- Read further: In Oregon, the yearly for coverage worth $250,000 is $704 in 2022.
This is far lower than the current national average of $1,383 per year. This may be because Oregon has fewer unpredictable weather conditions than other states in the Pacific Northwest. Similar to other states, Oregon has its own list of possible homeowner hazards.
To recap: – The state of Oregon does not mandate that homeowners have house insurance. Nevertheless, mortgage lenders and banks often need it. Depending on the property’s worth and the type of coverage you select, you may spend roughly $1,200 each year.
These are the average premiums for Oregon in 2022. However, the price may fall outside of that range as well. On its website, the Division of Financial Regulation of the State of Oregon succinctly informs consumers: “A house is often the most expensive investment one will make. Protecting this significant investment might be crucial to your family’s financial security in the future.
Your lender will need you to obtain homeowner’s insurance if you have a mortgage. If you do not have a mortgage, you should safeguard your investment.”
How much is Portland homeowners insurance?
The average annual premium for homeowners insurance in Portland is $858, or $72 per month. This is around 10% less than the state average of $943 per year and approximately 55% less than the national average of $1,899.
Home insurance is not needed by law, but banks require it as a condition of your mortgage. Home insurance can protect you from catastrophic financial loss. It can also assist cover the expense of compensating for others’ bodily harm or property damage.