Medford ,OR Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Medford, OR homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Medford, OR is $1246. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Medford, OR. VHome Insurance will help you navigate the world of homeowners insurance coverages in Medford, OR.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $498 |
| $200,000 | $847 |
| $300,000 | $1,047 |
| $400,000 | $1,595 |
| $500,000 | $2,006 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Medford, OR, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,278 |
| $1000 Deductible | $1,143 |
| $1500 Deductible | $1,078 |
| $2500 Deductible | $972 |
| $5000 Deductible | $822 |
| Home Insurance Company Near Medford, OR | Homeowners Insurance Agency Near Medford, OR | Address |
|---|---|---|
| Farmers | David Osborne | 1301 Poplar Dr Ste 200, Medford, OR, 97504 |
| Liberty Mutual Independent | Focus1 Insurance Group Inc | 3110 STATE ST, MEDFORD, OR, 97504 |
| Liberty Mutual Independent | Hd York Insurance & Assoc | 302 NW 4TH ST, GRANTS PASS, OR, 97526 |
| Liberty Mutual Independent | Jeff Clark Insurance | 620 SW 6TH ST, GRANTS PASS, OR, 97526 |
| Allstate | Karen Townsend | 1590 Delta Waters Rd Ste 114, Medford, OR, 97504 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Central Point city, Oregon | $56 | $74 | $111 |
| Jacksonville city, Oregon | $58 | $77 | $116 |
| White City CDP, Oregon | $53 | $71 | $106 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Medford, OR | 2.4% | 8.0% |
| Central Point | 2.18% | 8.11% |
| Jacksonville | 2.07% | 7.3% |
| White City | 2.83% | 7.28% |
| Medford Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 216 | 1.0% | $338 |
| $200 to $299 | 410 | 2.0% | $788 |
| $300 to $499 | 1,124 | 5.0% | $1238 |
| $500 to $749 | 5,093 | 25.0% | $1913 |
| $750 to $999 | 6,219 | 30.0% | $2663 |
| $1,000 to $1,499 | 5,267 | 25.0% | $3788 |
| $1,500 or more | 2,033 | 9.0% | $5438 |
| Streets in Medford Area | Homeowners Insurance Cost |
|---|---|
| Seventh Fairway Dr, Pheasant Way, Griffin Oaks Dr, Fieldbrook Ct, Windsong Way, Ardmore Ave, Woodlawn Dr, Stark St, W Pine St, Capital Ave | $462 |
| Eagle Creek Dr, Stonefield Way, Larkfield Ln, Brae Dr, Yale Dr, Milford Dr, Cardinal Ave, Wellington Dr, Shannon Dr, E Oak St | $439 |
| Souvenir St, Circle Wood Dr, Edgemont Dr, Grumman Dr, Reddy Ave, Eagle Trace Dr, Rochelle Ct, Amelia Way, Genessee St, Lexington Dr | $442 |
| Center Dr, Brian Way, Oak Pine Way, Commanche Dr, Fieldstone Dr, Charlotte Ann Rd, Duell Ave, Sparrow Way, 29th St, Lozier Ln | $408 |
| N 8th St, Ramada Way, Happy Valley Dr, Minnesota Ave, Ivern Dr, Clearview Ave, Village Blvd, Terrmont St, Finley Ln, Hazel St | $440 |
| Kaitlin Ln, N 6th St, Lear Way, Island Pointe Dr, Meadows Ln, Samoan Way, Hyacinth Ave, E 10th St, Alexander Ln, Kenwood Ave | $465 |
| Jasmine St, Meridian Rd, John Wayne Dr, Ave H, Shadow Glen Dr, Snowy Butte Rd, Garrett Ct, Pierce Rd, Stearns Way, Sandlewood Dr | $460 |
| Rebecca Dr, S Front St, Amerman Dr, Airport Rd, W 3rd St, Ross Ln, Roberts Rd, W Stewart Ave, Overcup St, Cadet Dr | $446 |
| Evan Way, Hidden Valley Ct, Silver Palm Cir, Bel Air Ct, Todd Cir, Mayette St, N Phoenix Rd, N Runway Dr, Christie Ct, Temple Dr | $450 |
| Palm St, W McAndrews Rd, Lynn St, Knutson Ave, Winter Nell Cir, E Dutton Rd, Eagle Trace Dr, Cheryl Ln, Janes Rd, Sunrise Ave | $464 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Medford | $66 to $68 |
| Central Point | $66 |
| Jacksonville | $69 |
| White City | $64 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,800 | $2,800 |
| Yearly Medford Homeowner Insurance Premium Example | $1,300 | $1,100 |
| Out of Pocket Expense During Claim | $1,800 | $2,800 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $12,200 | $11,600 |
| Net Savings to Medford Home Owner from High Deductible Plan | $600 | |
| Scenario | Medford, OR Home Replacement Value MORE than Home Value | Medford, OR Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $278,000 | $176,500 |
| Insurance Premium based on Replacement Value | $1,000 | $625 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $49,500 | Risk Exposure from Under Insuring Coverage is $52,000 |
| Premium Impact | Insurance cheaper by $175/year | Insurance costlier by $200/year |
| Insurance Company | Travelers | GEICO Insurance | State Farm |
| Monthly Premium | 67 | 35 | 19 |
| Year Built | 1981 | 2003 | 2012 |
| Home Details | 4 Beds, 1 Baths | 3 Beds, 1 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $300000-$350000 | $150000-$175000 | $100000-$125000 |
| Deductible | $1000-$2500 Deductible | $2500-$5000 Deductible | $2500-$5000 Deductible |