Lake Oswego, OR homeowners insurance is nearly $418 to $569, about $34-$47/month. Our thorough research reveals consumers can save as much as $197 by comparing different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
As a homeowner in Lake Oswego, you know your home is your biggest investment. That’s why it’s important to protect it with quality home insurance. A good home insurance policy will cover your home in the event of damage from fire, weather, theft, or other disasters. The average cost of homeowners insurance in Lake Oswego, OR, is $1303. Your premiums are determined by various factors by the home insurance carriers in Lake Oswego, Oregon. These include age, location, deductible, past claims history, kind of materials, and other home characteristics. Insurance companies also consider particular characteristics, such as a trampoline or swimming pool on the property, as well as prospective safety features to protect your home. Following a thorough investigation by VHome into the variables affecting the price of homeowners insurance, here are three suggestions for getting affordable homeowners insurance in Lake Oswego, OR.
Choose a Higher Deductible
Choosing a higher deductible on your home insurance policy can save you money on premiums in Lake Oswego, Oregon. A higher deductible means you will have to pay more out of pocket if you have a claim, but your premiums will be lower. This can be a good option for people with a good home insurance history who are not likely to file a claim. For instance, homeowners in Lake Oswego, Oregon, pay $1287 and $1096 for homeowners insurance when they select $500 and $1500 deductibles. But when their deductibles are $2000 and $2500, homeowners pay $995 and $935, respectively. As a result, homeowner's insurance premiums in Lake Oswego, OR, decrease the larger the deductible.
Install Security Features
Home insurance premiums in Lake Oswego, Oregon, can be lowered by adding security features to your home. Some simple security measures include installing deadbolt locks, security alarms and cameras. By taking these steps, you can deter would-be burglars and lower your risk of being a victim of crime. In addition, many insurance companies offer discounts for homes with these security features. So, not only can you help protect your home and belongings, but you can also save money on your insurance premiums. For instance, in Lake Oswego, Oregon, homes with deadbolts and fire extinguishers pay $1186 and $1160 for home insurance.
Maintain Zero Claims History
Maintaining a zero claims history is the best way to reduce the cost of home insurance in Lake Oswego, OR. Your claims history records all the claims you've made on your home insurance policy. Insurance companies use this information to determine how much of a risk you are to insure. The more claims you've made, the more likely you will file a claim. Insurance companies also use your claims history to determine your premium. For instance, in Lake Oswego, Oregon, homeowners who have never filed a claim must pay a premium of $1147. In contrast, homeowners in Lake Oswego, Oregon, must pay $1381 and $1485 for homeowners insurance when they have one or two claims.
Lake Oswego, OR Home Value | Total Homes | % of Total | Average Lake Oswego, OR Homeowners Insurance |
---|---|---|---|
$50,000 to $59,999 | 50 | 1.0% | $49 |
$70,000 to $79,999 | 44 | 1.0% | $74 |
$80,000 to $89,999 | 43 | 1.0% | $83 |
$90,000 to $99,999 | 38 | 1.0% | $93 |
$100,000 to $124,999 | 154 | 4.0% | $108 |
$125,000 to $149,999 | 155 | 4.0% | $138 |
$150,000 to $174,999 | 256 | 7.0% | $163 |
$175,000 to $199,999 | 139 | 3.0% | $187 |
$200,000 to $249,999 | 540 | 15.0% | $222 |
$250,000 to $299,999 | 436 | 12.0% | $276 |
$300,000 to $399,999 | 1,667 | 46.0% | $350 |
Home Insurance Company Near Lake Oswego, OR | Homeowners Insurance Agency Near Lake Oswego, OR | Address |
---|---|---|
NA | Cannon Insurance Solutions, Inc. | 8285 Sw Nimbus #124 Salem, Beaverton, OR, 97008 |
State Farm | Adam Saffel | 142 NE 3rd Ave, Hillsboro, OR, 97124-3150 |
Travelers | Matrix Wealth Management Inc | 1001 SW 5TH AVE STE 2175, PORTLAND, OR, 97204 |
State Farm | Michael Holton | 7113 SW Macadam Ave, Portland, OR, 97219-3075 |
Allstate | Rita Semling | 521 S Columbia River Hwy, Saint Helens, OR, 97051 |
Streets in Lake Oswego Area | Homeowners Insurance Cost |
---|---|
Erickson St, S Glenmorrie Ter, Cameo Ct, Durham St, St Helens Cir, Lee St, SW Childs Ct, Bernini Ct, Amberwood Cir, C Ave | $474 |
Scott Ct, Candlewood Ct, SW Bernard St, Holy Names Dr, SW Mellon Ave, Suncreek Dr, Hiawatha Ct, Shady Hollow Way, SW D Ave, Cornell Ct | $478 |
Woodhurst Pl, Sunray Ct, Tualamere Ave, Brookhurst Ct, Skye Park Way, Red Wing Way, Independence Ave, Indian Trl, SW 61st Ave, Brookhurst Dr | $474 |
Partridge Dr, SW Glen Haven Rd, SW Hofer Ct, Clara Ct, Cedar St, Sylvan Dr, SW Botticelli St, SW Shireva Ct, Kimball Ave, Oxford Dr | $493 |
Obrien St, Fielding Rd, Marylhurst Dr, Kruse Oaks Blvd, Village Park Ct, Preakness Dr, SW Conifer Ter, SW Collins Way, Yarmouth Cir, Rye Rd | $509 |
Sunray Cir, Gershwin Pl, Old River Rd, E Ave, SW Banyon Ln, SW Deerbrush Ave, Tree St, Tanager Dr, Churchill Downs, Aquinas | $474 |
Foothills Dr, Tualatin St, Greentree Rd, SW Harrington Ave, el Greco St, Stewart Glenn Ct, SW Birdshill Rd, Boones Way, Mellon Ave, Iron Mountain Blvd | $532 |
View Dr, Morgan Ct, Twin Creek Ct, Canyon Ct, Robin View Dr, Mountain View Ct, Greentree Ave, Ellis St, SW Childs Rd, Greenbrae Dr | $477 |
Abelard St, Laburnum Way, SW Terry Ct, Fairmont Rd, Eastridge Ln, Erin Ct, Pearcy St, Deerbrush Ave, Boca Ratan Dr, S Greenbluff Dr | $474 |
Haven St, Stonehaven Dr, SW Highland Dr, Wood Duck Cir, Kennycroft Way, Terry Ct, Galen St, Greystoke Dr, Glenmorrie Dr, McVey Ave | $473 |
Place | Savings For Senior Occupied Homes |
---|---|
Lake Oswego | $73 to $76 |
Stafford | $81 |
Rivergrove | $75 |
Durham | $71 |
Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
---|---|---|---|
Stafford CDP, Oregon | $68 | $90 | $135 |
Rivergrove city, Oregon | $63 | $83 | $125 |
Durham city, Oregon | $60 | $79 | $119 |
Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
---|---|---|
Lake Oswego, OR | 1.7% | 5.4% |
Stafford | 1.41% | 5.38% |
Rivergrove | 1.56% | 7.23% |
Durham | 1.82% | 5.64% |
Lake Oswego Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
---|---|---|---|
$500 to $749 | 185 | 4.0% | $1876 |
$750 to $999 | 1,074 | 23.0% | $2626 |
$1,000 to $1,499 | 1,919 | 42.0% | $3751 |
$1,500 or more | 1,280 | 28.0% | $5401 |
Low Deductible | High Deductible | |
---|---|---|
Deductible | $1,400 | $3,400 |
Yearly Lake Oswego Homeowner Insurance Premium Example | $900 | $500 |
Out of Pocket Expense During Claim | $1,400 | $3,400 |
Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $7,700 | $6,900 |
Net Savings to Lake Oswego Home Owner from High Deductible Plan | $800 |
Scenario | Lake Oswego, OR Home Replacement Value MORE than Home Value | Lake Oswego, OR Home Replacement Value LESS than Home Value |
---|---|---|
Replacement Value | $753,000 | $529,500 |
Insurance Premium based on Replacement Value | $2,175 | $1,525 |
Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $108,500 | Risk Exposure from Under Insuring Coverage is $115,000 |
Premium Impact | Insurance cheaper by $325/year | Insurance costlier by $325/year |
Insurance Company | State Farm | Allstate | Liberty Mutual |
Monthly Premium | 96 | 50 | 159 |
Year Built | 2013 | 1984 | 1998 |
Home Details | 4 Beds, 2 Baths | 3 Beds, 1 Baths | 5 Beds, 2 Baths |
Coverage Amount | $600000-$700000 | $350000-$400000 | $900000-$1000000 |
Deductible | > $10,000 Deductible | > $10,000 Deductible | $1000-$2500 Deductible |
Year Built | Home Value | Roof Type | Sqft | Number of Bedrooms | Deductible | Premium | Premium Months | Siding Type | Smoker/Non Smoker |
---|---|---|---|---|---|---|---|---|---|
1992 | 885,000 | Membrane Roof | 3,460 | 5 | $500 Deductible | 2100 | 7 | Brick siding | yes |
1975 | 365,000 | Shingles Roof | 1,490 | 2 | $500 Deductible | 1480 | 12 | Fiber-Cement Siding | yes |
1984 | 430,000 | Wood Shake Roof | 1,840 | 4 | $500- $1000 Deductible | 1060 | 9 | Stone Siding | No |
2005 | 545,000 | Membrane Roof | 2,690 | 4 | > $10,000 Deductible | 750 | 10 | Stone Siding | yes |
2005 | 775,000 | Composition Roof | 2,830 | 4 | $1000-$2500 Deductible | 460 | 3 | Brick siding | yes |
2014 | 810,000 | Wood Shake Roof | 2,970 | 4 | $500 Deductible | 1140 | 6 | Brick siding | yes |
2013 | 580,000 | Slate Shingles Roof | 3,030 | 5 | $500 Deductible | 1140 | 8 | Wood siding | No |
1992 | 700,000 | Slate Shingles Roof | 3,230 | 5 | $5000 to $10,000 Deductible | 290 | 3 | Vinyl siding | No |
2013 | 475,000 | Shingles Roof | 2,280 | 4 | $500- $1000 Deductible | 1240 | 10 | Fiber-Cement Siding | yes |
1975 | 655,000 | Shingles Roof | 2,390 | 3 | $5000 to $10,000 Deductible | 280 | 2 | Stone Siding | yes |
1984 | 640,000 | Wood Shake Roof | 3,380 | 5 | $2500-$5000 Deductible | 200 | 2 | Stone Siding | yes |
2003 | 280,000 | Slate Shingles Roof | 1,010 | 2 | $2500-$5000 Deductible | 420 | 9 | Vinyl siding | No |
1983 | 460,000 | Composition Roof | 1,690 | 2 | $1000-$2500 Deductible | 470 | 5 | Wood siding | yes |
1978 | 490,000 | Metal Roof | 2,250 | 5 | $500- $1000 Deductible | 420 | 4 | Vinyl siding | yes |
2011 | 225,000 | Slate Shingles Roof | 930 | 2 | $500- $1000 Deductible | 240 | 5 | Vinyl siding | yes |
1975 | 460,000 | Composition Roof | 1,670 | 3 | $2500-$5000 Deductible | 700 | 8 | Brick siding | yes |
1995 | 340,000 | Wood Shake Roof | 1,590 | 2 | $500- $1000 Deductible | 470 | 5 | Vinyl siding | No |
1996 | 410,000 | Metal Roof | 1,620 | 2 | $1000-$2500 Deductible | 330 | 4 | Wood siding | No |
1996 | 625,000 | Asphalt Shingles Roof | 2,470 | 4 | > $10,000 Deductible | 250 | 3 | Stucco siding | No |
1982 | 360,000 | Membrane Roof | 1,820 | 5 | $500- $1000 Deductible | 950 | 9 | Stucco siding | yes |
1974 | 235,000 | Membrane Roof | 1,180 | 2 | $500 Deductible | 60 | 1 | Stucco siding | yes |
1977 | 440,000 | Slate Shingles Roof | 1,720 | 2 | > $10,000 Deductible | 220 | 4 | Stucco siding | No |
2001 | 880,000 | Slate Shingles Roof | 3,220 | 4 | $5000 to $10,000 Deductible | 290 | 2 | Brick siding | yes |
2012 | 815,000 | Composition Roof | 3,230 | 4 | > $10,000 Deductible | 490 | 6 | Stone Siding | yes |
1988 | 390,000 | Membrane Roof | 1,390 | 2 | $500- $1000 Deductible | 170 | 3 | Fiber-Cement Siding | yes |
1978 | 425,000 | Wood Shake Roof | 1,550 | 5 | $500- $1000 Deductible | 1070 | 12 | Stucco siding | No |
1983 | 940,000 | Composition Roof | 3,510 | 5 | $1000-$2500 Deductible | 250 | 2 | Stone Siding | No |
1974 | 695,000 | Metal Roof | 3,300 | 4 | $500- $1000 Deductible | 170 | 1 | Stucco siding | yes |
2011 | 590,000 | Asphalt Shingles Roof | 2,140 | 3 | $1000-$2500 Deductible | 840 | 7 | Fiber-Cement Siding | No |
1978 | 1,045,000 | Composition Roof | 4,740 | 5 | $500- $1000 Deductible | 660 | 3 | Fiber-Cement Siding | No |
2007 | 1,350,000 | Wood Shake Roof | 5,000 | 5 | > $10,000 Deductible | 980 | 8 | Brick siding | No |
1975 | 435,000 | Metal Roof | 1,900 | 3 | $2500-$5000 Deductible | 920 | 9 | Brick siding | No |
1998 | 1,045,000 | Membrane Roof | 4,870 | 5 | $2500-$5000 Deductible | 850 | 4 | Fiber-Cement Siding | No |
1992 | 405,000 | Membrane Roof | 1,730 | 4 | > $10,000 Deductible | 500 | 12 | Stucco siding | yes |