Statistics About The Average Home Insurance Cost Oregon

In this post, we will explore the various statistics surrounding home insurance costs in Oregon. From the average annual premiums to specific city breakdowns and insurance company offerings, we will provide a comprehensive overview of the landscape of home insurance expenses in the state. Stay tuned to gain insights into the evolving trends and factors influencing home insurance costs in Oregon.

Statistic 1

"The average annual home insurance premium in Oregon is $677."

Statistic 2

"Oregon is the 17th least expensive state for home insurance."

Statistic 3

"In Salem, the average house insurance cost is roughly $779 annually."

Statistic 4

"Nationwide, a popular insurer in Oregon, offers an average home insurance premium of $1079."

Statistic 5

"State Farm provides average home insurance rates of around $831 in Oregon."

Statistic 6

"Since 1997, the average costs of home insurance in Oregon have risen by 185%."

Statistic 7

"The average rate for insuring a $200K dwelling following the standard HO-3 homeowners policy in Oregon is $680."

Statistic 8

"In Bend, Oregon, the average home insurance cost is about $662 per year."

Statistic 9

"The average cost for home insurance in Oregon City is around $719 yearly."

Statistic 10

"Medford, Oregon sees an annual average home insurance cost of approximately $645."

Statistic 11

"For a $300,000 dwelling, Allstate's average home insurance premium in Oregon is $1051 per year."

Statistic 12

"Eugene, Oregon has an average home insurance cost of around $610 annually."

Statistic 13

"In the area of Beaverton, the average home insurance cost is roughly $660 per year."

Statistic 14

"The home insurance cost for a typical homeowner in Oregon is $83.97 per month."

Statistic 15

"The average replacement cost in Oregon is about $277,900. Most home insurances cover this cost."

Statistic 16

"The average home insurance cost in Oregon for home values ranging from $400,000 to $500,000 is about $1,072 per year."

Statistic 17

"In Gresham, Oregon the average home insurance premium falls around $811 annually."

Statistic 18

"Southern counties like Josephine and Jackson typically have higher home insurance costs, averaging around $788 annually."

In conclusion, the statistics reveal a wide range in average home insurance costs across different regions in Oregon, with premiums varying based on location, insurer, and property value. The average annual premium of $677 positions Oregon as the 17th least expensive state for home insurance, with costs having risen significantly since 1997. Key insights include variations in premiums between insurers such as Nationwide and State Farm, as well as differences in costs between cities like Salem, Bend, and Medford. Additionally, disparities in home insurance rates are evident based on dwelling values, with Allstate charging significantly more for a $300,000 home compared to the state average. Overall, the data underscores the importance of researching and comparing insurance options to find the most suitable coverage at a competitive price.