Albany Insurance Rates:

Albany, OR home insurance is nearly $371 to $502, about $30-$41/month. Our detailed analysis indicates shoppers can save upto $174 by getting multiple quotes

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Albany Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
American Family Insurance
Home Insurance Rate of $100/3 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $115,000

3 Beds, 3 Bath 1370 sqft Primary Residence Constructed In 1986 with Linoleum, Metal Roof, Crawl Space Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Copper Water Pipes, Fire Extinguisher, Deadbolt Locks, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

52 Years old Single Female who is a Freelancer with household income of more than $150,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • Up to 499 Credit Score

Home Insurance Rate of $190/6 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $220,000

5 Beds, 5 Baths 2210 sqft Primary Residence Constructed In 1996 with Ceramic Tile Flooring, Slate Shingles Roof, Slab Foundation, Stucco siding, Stucco Construction. Home Features Include Copper Water Pipes, Fireplace, Swimming Pool, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

63 Years old Single Male who has a Part Time Job with household income of $25-50,000 and has 3 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

Home Insurance Rate of $230/10 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $175,000

4 Beds, 4 Bath 1840 sqft Vacation Property Constructed In 1973 with Linoleum, Asphalt Shingles Roof, Chainwall Foundation, Brick siding, Stucco Construction. Home Features Include Fireplace, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

42 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • Up to 499 Credit Score

Home Insurance Rate of $20/1 month for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $120,000

3 Beds, 3 Bath 1470 sqft Seasonal Residence Constructed In 1995 with Linoleum, Shingles Roof, Piers Foundation, Vinyl siding, Stucco Construction. Home Features Include Fireplace, Smoke Alarm, Central Air Conditioning, Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

53 Years old Single Female who is a Freelancer with household income of $75-$100,000 and has 3 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

Home Insurance Rate of $310/6 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $185,000

5 Beds, 5 Baths 2080 sqft Primary Residence Constructed In 1973 with Carpet over wood flooring, Membrane Roof, Crawl Space Foundation, Stucco siding, Metal Frame Construction. Home Features Include Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

54 Years old Divorced Male who has a Full Time Job with household income of $25-50,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 800-850 Credit Score

  • Guests at home

Home Insurance Rate of $230/4 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $300,000

4 Beds, 4 Baths 2580 sqft Rental Property Constructed In 1978 with Hardwood Flooring, Tile Roof, Chainwall Foundation, Brick siding, Brick Frame. Home Features Include Deadbolt Locks, Smoke Alarm, Indoor Sprinklers, Copper Water Pipes, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

62 Years old Single Male who is Unemployed and has 2 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

Home Insurance Rate of $290/10 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $255,000

4 Beds, 4 Bath 2980 sqft Rental Property Constructed In 2014 with Ceramic Tile Flooring, Membrane Roof, Chainwall Foundation, Vinyl siding, Wood Frame. Home Features Include Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

49 Years old Single Female who is a Freelancer with household income of more than $150,000 and has 1 Pet and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

  • Guests at home

Home Insurance Rate of $290/10 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $165,000

4 Beds, 4 Bath 1810 sqft Seasonal Residence Constructed In 1949 with Carpet Flooring, Shingles Roof, Crawl Space Foundation, Stone Siding, Metal Frame Construction. Home Features Include Indoor Sprinklers, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

33 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has 3 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 600-649 Credit Score

Albany, OR Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
97321 $235,100 $460

Albany Rates & Quotes Analysis:

Albany Area Estimated House Insurance
Main St NE, 28th Ave SE, 21st Ave SE, Griffith Dr, Broadalbin St NW, NE Stormy St, Berry Dr NE, NE Creekside Dr, 14th Ave SE, N Lake Creek Dr$439
Walnut Dr SW, Pirtle Dr SW, Yih Ln NE, 21st Pl SE, E Water Ave, Evergreen St SE, 38th Ave SE, 21st Pl SE, Seven Mile Way SE, Salem Ave SE$434
Crescent Dr SW, 22nd Ct, NE Spring Ave, 41st Ave SE, Aztec Loop, 23rd Ave SE, 11th Ave SW, Creel Ave, Clover Ridge Rd NE, Fox Dr NE$442
Breakwood Cir SE, Walnut St SW, Sunnyview Dr NE, Alexander Ln NE, Seven Mile Ln, Lockwood Pl SE, Shortridge St SE, Pine St SE, Waverly Dr NE, McFarland Rd$442
NE Atec Loop, Bobcat Ave SW, Becker Cir SE, 20th Ave SW, Willamette Ave NE, Orleans Rd SW, San Felicia Ave SE, Crittenden St SW, Antelope Ct SW, 45th Ct SE$440

Insurance rates are influenced by a number of factors including:

  • Year Built: 5,507 Homes (25% of total homes ) built between 1970 to 1979 in Albany are paying home insurance between $707-$714. Places close to Albany, OR such as North Albany, Millersburg, Adair Village are more expensive by $33, $20, $11 respectively while Waterloo and Alsea are cheaper by $15 and $17 respectively for similar homes.
  • Bedrooms: 2,189 4 bedrooms homes (10% of total homes ) in Albany are paying about $429 and varies from North Albany (+$15), Millersburg (+$7), Corvallis (+$11), Lebanon (-$8) and Marion (-$10).
  • Auto Insurance Bundling: 5,460 Households (44% of all households) in Albany have 2 vehicles available and when it is bundled with home insurance you can save $87. Discounts for similar bundling in close by locations such as Tangent, North Albany, Millersburg come to $87, $91, $89 respectively.
  • Senior Discounts: 6,293 seniors (more than 55 years) occupied housing units (51% of total) in Albany get discounts between $65 to $67 and varies from Tangent ($65), North Albany ($68), Millersburg ($67).
  • New Homes discounts: New homes such as the 8,646 homes built between 2000 to 2009 in Albany can save $87 and varies from Tangent ($87), North Albany ($91), Millersburg ($89).

Albany Homeowners insurance Facts

  • Albany, OR has 12,192 owner occupied houses which is 59.8% of all units whereas Tangent, North Albany and Millersburg have 73.09%, 95.37% and 83.28% respectively.
  • Albany, OR homeowners yearly insurance price at $437 is 0.25% of the typical house value of $172,600 which is in contrast with 0.24% in Tangent, 0.16% at North Albany & 0.19% in Millersburg.
  • Homeowners in Albany, OR pay 8.74% of their income (Less than $10,000) in insurance whereas homeowners in Tangent, North Albany and Millersburg pay 8.76%, 9.14% and 8.98% respectively.
  • Albany, OR’s insurance is 2.7% of monthly housing costs of $1,376/month, for owners with a mortgage compared to 2.58% in Tangent, 2.07% at North Albany & 2.45% in Millersburg. But, for households without a mortgage, insurance is 8.4% of costs ($434 in Albany, OR) in contrast with 11.41% in Tangent, 6.48% at North Albany & 9.04% in Millersburg.

Albany, OR Home Values & Insurance rates

For example, insurance for 1,566 Homes (13.0% of total homes ) valued between $175,000 to $199,999 in Albany, OR is about $471. Rates in nearby areas in such as Tangent, North Albany, Millersburg are cheaper by $16, $174, $126 respectively while Lebanon and Sodaville are costlier by $32 and $20 respectively for similar homes.

Albany, OR Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,369 11.0% $61
$80,000 to $89,999 261 2.0% $214
$90,000 to $99,999 161 1.0% $240
$100,000 to $124,999 879 7.0% $275
$125,000 to $149,999 1,393 11.0% $345
$150,000 to $174,999 2,019 17.0% $410
$175,000 to $199,999 1,566 13.0% $471
$200,000 to $249,999 1,804 15.0% $568
$250,000 to $299,999 1,289 10.0% $694
$300,000 to $399,999 831 7.0% $882

Renters Insurance in Albany

  • Average Renters Insurance in Albany :  $177($14/month)

  • Median Gross Rent in Albany :  $762

  • Albany Renters Insurance to Median Rent Ratio:  1.84%

  • Average household size of renter-occupied unit :  2.59

Albany Renters Insurance as a Percentage of Rent

Albany Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 151 1.0% $344
$200 to $299 126 1.0% $794
$300 to $499 628 7.0% $1244
$500 to $749 2,920 36.0% $1919
$750 to $999 2,248 28.0% $2669
$1,000 to $1,499 1,592 20.0% $3794
$1,500 or more 285 3.0% $5444

Rent Affordability in Albany:

Approximately 45.0% (3,774) of households are spending more than 35% of their income on gross rent in Albany

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 661 8.0%
15.0 to 19.9 percent 948 11.0%
20.0 to 24.9 percent 1,260 15.0%
25.0 to 29.9 percent 850 10.0%
30.0 to 34.9 percent 716 8.0%
35.0 percent or more 3,774 45.0%

Albany Renters Insurance Discounts:

Albany Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Albany, OR Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 3,729 45.0% $17.7
2 vehicles available 2,446 29.0% $26.55
3 or more vehicles available 722 8.0% $35.4

Albany Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 583 7.0% $76
60 to 64 years 374 4.0% $60
65 to 74 years 518 6.0% $49
75 years and over 554 6.0% $38

Protective device discount in Albany Up to :  $26

Claims-free discount in Albany Up to :  $35

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