Salem Insurance Rates:

Salem, OR home insurance is approximately $374 to $507, about $31-$42/month. Our extensive analysis reveals consumers can save as much as $176 by comparing different quotes

Compare Quotes from Top Providers and Save now!

Salem, Oregon Homeowners Insurance Reviews reveal the good & the bad so that you can compare the cheapest quotes from the best

Salem Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Hartford Insurance Group
Home Insurance Rate of $140/4 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $190,000

5 Beds, 5 Baths 2040 sqft Rental Property Constructed In 1978 with Linoleum, Shingles Roof, Slab Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Central Air Conditioning, Indoor Sprinklers, Copper Water Pipes, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

28 Years old Single Female who is Unemployed and has 1 Pet and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 600-649 Credit Score

  • Guests at home

Home Insurance Rate of $280/8 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $160,000

3 Beds, 3 Bath 1240 sqft Vacation Property Constructed In 2012 with Carpet over wood flooring, Asphalt Shingles Roof, Slab Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Fireplace, Central Air Conditioning, Copper Water Pipes, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

36 Years old Married Male who has a Part Time Job with household income of $25-50,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $380/7 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $240,000

5 Beds, 5 Bath 2160 sqft Seasonal Residence Constructed In 1997 with Wood Flooring, Composition Roof, Slab Foundation, Stone Siding, Brick Frame. Home Features Include Smoke Alarm, Deadbolt Locks, Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

46 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 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 $290/7 months for $150,000-$175,000 Coverage
Policy Holder Home Details :

Home Value : $190,000

3 Beds, 3 Baths 1440 sqft Primary Residence Constructed In 2001 with Linoleum, Tile Roof, Chainwall Foundation, Stucco siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Smoke Alarm, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

36 Years old Single Female who has a Full Time Job with household income of less than $25,000 and has 3 Pets and is a Non-Smoker

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

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Salem, OR Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
97304 $257,100 $450
97306 $234,000 $450
97302 $226,000 $450
97301 $155,400 $440

Salem Rates & Quotes Analysis:

Salem Area Estimated House Insurance
2nd Pl SE, Northview Dr NE, Brewster Ct SE, Elsie Ct NE, Wilshire Dr N, Merlot Ave NE, Whipplewood Ave SE, 18th Ave NE, Spyglass Ct SE, Dorothy St NE$440
12th Pl S, Hilda St SE, Melandy Ln NE, 72nd Ave NE, 23rd St NE, Southampton Ct SE, 13th St SE, Zee Ln NE, Wigeon St SE, Cains Pl SE$462
Brogan Ave NE, Bolton Ter S, Prospect Pl S, 75th Ave NE, Noon Ave NE, Minno Ln NE Pvt, Manzanita St NE, Mooreland Ave NE, 60th Ave NE, 20th Ave$439
Trilogy St SE, Burnett Ln SE, Basil St NE, Illahe Heights Dr S, Dixie Ave NE, Brink Ct SE, Mc Master Ct NE, Waln Creek Ct S, Hudson Ave NE, Mabel Ave NE$434
Hidden Creek Dr NE, Sage Ave SE, Yukon Ct NE, Davcor St SE, Sequoia St NE, San Carlos Ct NE, Saint Andrews Loop S, Bonham St S, Burlwood Loop SE, Alex Ave SE$448
Barbara Ave NE, Culver Dr SE, Cedar Falls Ct NE, 66th Ave NE, Clearview Ave NE, Vasend Ct NE, Greymar St NE, Ferry St SE, Rockwood Park Ct NE, Bonham St S$439
Donahue Ct NE, Cherie Ct SE, Cloudview Dr S, Oscar Ln SE Pr, Wolverine St NE, Northwood Dr NE, Hammel St NE, Phoenix Ave SE, Campbell Dr SE, Union St NE$412
Shady Pl NE, Kingston Dr NE, Radell Ct SE, Grayce Ct SE, McLeod Ln NE, Woodside Ct SE, Galloway St S, Hillside Ln SE, Hayesville Dr NE, Waln Creek Dr S$470
Hansen Ave S, Basin St S, Webster Dr SE, Meadowlark Dr NE, Arrowood Ct SE, Crooked Stick Loop SE, Tayside St S, Antonia Ave NE, Delta Dr NE, Peace St SE$434
Suntree Ct SE, Indian Earth Ct NE, Joseph St SE, Stone Hedge Ct NE, Scott Pl NE Prrd, Tahoe Ave SE, Toms Way SE, Labish Center Rd NE, Singlestrand St SE, Turquoise Ave SE$449

Insurance rates are influenced by a number of factors including:

  • Year Built: 21,751 Homes (24% of total homes ) built between 1970 to 1979 in Salem are paying home insurance between $715-$721. Places close to Salem, OR such as Sublimity, Silverton, St. Paul are more expensive by $14, $21, $63 respectively while Four Corners and Brooks are cheaper by $12 and $37 respectively for similar homes.
  • Bedrooms: 37,964 3 bedrooms homes (44% of total homes ) in Salem are paying about $261. Areas near to Salem such as Sublimity, Stayton, Silverton are costlier by $5, $3, $7 respectively whereas Four Corners and Hayesville are more economical by $4, $3 respectively for similar homes.
  • Auto Insurance Bundling: 21,810 Households (46% of all households) in Salem have 2 vehicles available and when it is bundled with home insurance you can save $88 in contrast with Four Corners ($86), Hayesville ($87), Keizer ($88).
  • Senior Discounts: 24,227 seniors (more than 55 years) occupied housing units (51% of total) in Salem get discounts between $66 to $68 in contrast with Four Corners ($65), Keizer ($66), Labish Village ($63).
  • New Homes discounts: New homes such as the 34,693 homes built between 2000 to 2009 in Salem can save $88 and similar new home insurance discounts in nearby towns and cities like Four Corners, Hayesville and Keizer are $86, $87 and $88 respectively.

Salem Homeowners insurance Facts

  • Salem, OR has 47,392 owner occupied houses which is 57.5% of all units whereas Four Corners, Hayesville and Keizer have 53.91%, 48.59% and 60.16% respectively.
  • Salem, OR homeowners yearly insurance price at $441 is 0.22% of the typical house value of $196,200 which is in contrast with 0.27% in Four Corners, 0.25% at Hayesville & 0.21% in Keizer.
  • Homeowners in Salem, OR pay 3.53% of their income ($10,000 to $14,999) in insurance whereas homeowners in Four Corners, Hayesville and Keizer pay 3.47%, 3.5% and 3.55% respectively.
  • Salem, OR’s insurance is 2.5% of monthly housing costs of $1,499/month, for owners with a mortgage compared to 2.76% in Four Corners, 2.45% at Hayesville & 2.36% in Keizer. But, for households without a mortgage, insurance is 7.8% of costs ($474 in Salem, OR) in contrast with 8.45% in Four Corners, 8.93% at Hayesville & 7.89% in Keizer.

Salem, OR Home Values & Insurance rates

For example, insurance for 6,140 Homes (14.0% of total homes ) valued between $175,000 to $199,999 in Salem, OR is about $418. Rates in nearby areas in such as Keizer, Jefferson, Sublimity are cheaper by $28, $32, $81 respectively while Four Corners and Hayesville are costlier by $89 and $40 respectively for similar homes.

Salem, OR Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 3,515 8.0% $52
$90,000 to $99,999 470 1.0% $211
$100,000 to $124,999 2,526 5.0% $246
$125,000 to $149,999 3,951 9.0% $308
$150,000 to $174,999 6,727 15.0% $361
$175,000 to $199,999 6,140 14.0% $418
$200,000 to $249,999 8,655 20.0% $502
$250,000 to $299,999 4,563 10.0% $617
$300,000 to $399,999 4,860 11.0% $784

Renters Insurance in Salem

  • Average Renters Insurance in Salem :  $165($13/month)

  • Median Gross Rent in Salem :  $777

  • Salem Renters Insurance to Median Rent Ratio:  1.67%

  • Average household size of renter-occupied unit :  2.6

Salem Renters Insurance as a Percentage of Rent

Salem Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 355 1.0% $341
$200 to $299 517 1.0% $791
$300 to $499 2,288 6.0% $1241
$500 to $749 12,394 36.0% $1916
$750 to $999 10,030 29.0% $2666
$1,000 to $1,499 6,631 19.0% $3791
$1,500 or more 1,700 5.0% $5441

Protective device discount in Salem Up to :  $24

Claims-free discount in Salem Up to :  $33