Lake Oswego, OR Home Insurance - Analysis On Quotes, Rates & Agents
Lake Oswego Insurance Rates:
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.
Find the Cheapest Homeowners Insurance in Lake Oswego, OR
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 Homeowners Insurance By Home Value
| 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 |
Top Home Insurance Agents Near Lake Oswego, OR
| 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 |
Lake Oswego, OR Home Insurance Agents for Top Companies
Cost Of Homeowners Insurance By Street Near Lake Oswego, OR
| 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 |
Lake Oswego, OR Home Insurance Savings For Senior Occupied Homes
| Place | Savings For Senior Occupied Homes |
|---|---|
| Lake Oswego | $73 to $76 |
| Stafford | $81 |
| Rivergrove | $75 |
| Durham | $71 |
Lake Oswego, OR Auto & Homeowners Insurance Bundling Discounts
| 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 |
Lake Oswego, OR Area Home Insurance as a % of Housing Cost
| 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 Renters Insurance as a Percentage of Rent
| 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 |
Lake Oswego, OR Home Insurance Costs With Deductible Scenario
| 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 | |
Lake Oswego, OR Home Insurance Costs With Home Replacement Value Scenarios
| 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 |
Example Lake Oswego Homeowners Insurance Comparison Table to Compare The Cheapest Quotes
| 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 |
Sample Home Insurance Rates for Lake Oswego, OR from Consumer Reviews & Surveys
| 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 |
Latest Home Insurance Reviews
State FarmNobody likes to pay money anywhere. Our deductible seems fine, but again this is luckily something we haven't had to mess with. Also, unsure how State Farm compares to competing insurance providers.
State FarmI would definitely recommend State Farm to anyone for home and auto insurance. We have lived in different areas of the country over the years, and they always have been the best.
AllstateI would recommend Allstate because of their pricing and availability online and on phone.
State FarmIt is comparable to other home insurance providers. My policy has all of the same offerings that any other company would have, but at an excellent monthly premium.
GeicoI would recommend geico because you can bundle homeowners and auto for a discount. I have never had any problem with geico. The customer service is great and helpful.
ProgressiveWe are satisfied with the premium amount for this homeowners insurance. We have never had to make a claim, so cannot speak as to how that would be with this company.
American Family Insurancethe coverage a premium amount as different from the others and deductible the amount can be others on the american insurance company the one of the most famous company in texas.
AllstateI have homeowners with Allstate, while it is not the lowest cost I have had exceptional service. The one and only time I had to use the insurance was when a large tree fell onto the roof and caused over 39,000 in damage.
GeicoThe deductible isn't that bad but it could be lower. I don't feel that it is exorbitant.
Progressivei would recommend this insurance, due to its customer service, their policies and efficiency. Also they have very flexible policies for every budget.
AllstateIt allows us to remain safe and secure in our location. Some other policies offer things we don't need with where we live. Our weather and elevation plays a key role in why we went with the policy we did.
MetlifeMetLife has friendly and responsive customer service representatives, and they pay out for losses without a hassle.they will do whatever they need to in order to find ways you can save on the premium.
ProgressiveI would recommend this company because to me they provide you great customer service and also offers you a wide range if products to cover all of your insurance needs. If I gave this an rating out of 1 out of 5 I would give this an rating of am 4
American Family InsuranceIT IS AMERICAN PRIVATE MUTUAL COMPANY, THAT FOCUSES ON INSURANCE, PROPERTIES AND AUTO INSURANCE.THEY ALSO REFERS A COMMERICIAL INSURANCE,LIFE, HEALTH HOME COVERAGE INSURANCE. IT IS VERY USEFUL.
Liberty MutualWhen i purchased my last car liberty mutual was very accommodating to quickly add the new vehicle before i left the lot. the process was very easy.
AllstateEverything is done in san Antonio so if you have a large check to cash you have to mail it in. There are no branch offices for convenience.
AllstateMy mortgage company recommended them, and so far they are good. I have had no problems with them so far.
State Farmthere is nothing I can say bad about the company they are fair and completely honest with you and your needs
AllstateAllstate premium is about the same as state farm, progressive, and bank of America. The cover the same basic things. I compared the premium and found that it is better quality for the price. I will remain with this company for the next 10-15 years. I enjoy the low premium
AllstateThe reason we switched to our current provider is that we were paying $1600 a year in comparison to the $800 we are paying now. Our policy had gone up $800 in the four years we had owned our house before we switched. No one at that company could explain why.
AllstateI would give the insurance a 5, due to the many problems that occured with my house. They had no problem covering cost.