Portland ,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 Portland, 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 Portland, OR is $1301. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Portland, OR. VHome Insurance will help you navigate the world of homeowners insurance coverages in Portland, OR.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $520 |
| $200,000 | $885 |
| $300,000 | $1,093 |
| $400,000 | $1,665 |
| $500,000 | $2,095 |
Home insurance costs in Portland can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 097210 | $1,349 |
| 97201 | $1,283 |
| 97205 | $1,267 |
| 97212 | $1,314 |
| 97232 | $1,302 |
| 97221 | $1,301 |
| 97231 | $1,324 |
| 97229 | $1,282 |
| 97214 | $1,296 |
| 97215 | $1,274 |
| 97219 | $1,268 |
| 97202 | $1,281 |
| 97209 | $1,267 |
| 97204 | $1,184 |
| 97227 | $1,262 |
| 97213 | $1,249 |
| 97211 | $1,259 |
| 97217 | $1,237 |
| 97218 | $1,218 |
| 97206 | $1,216 |
| 97203 | $1,213 |
| 97216 | $1,199 |
| 97220 | $1,203 |
| 97236 | $1,194 |
| 97266 | $1,195 |
| 97233 | $1,182 |
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 Portland, OR, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,334 |
| $1000 Deductible | $1,193 |
| $1500 Deductible | $1,125 |
| $2500 Deductible | $1,015 |
| $5000 Deductible | $859 |
| Home Insurance Company Near Portland, OR | Homeowners Insurance Agency Near Portland, OR | Address |
|---|---|---|
| NA | Michael V Wells Insurance | 7412 Sw Beaverton Hillsdale Hwy #112 , Portland, OR, 97225 |
| Farmers | Amanda Knight | 219 Davidson Ave, Woodland, WA, 98674 |
| Farmers | Daniel Babjar | 9945 SE Oak St, Portland, OR, 97216 |
| Farmers | Kim Hoang | 17259 SW Baseline Rd, Beaverton, OR, 97006 |
| Allstate | Ted Sheldon Freeland | 644 N State St, Lake Oswego, OR, 97034 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Portland East CCD, Multnomah County, Oregon | $57 | $75 | $113 |
| Maywood Park city, Oregon | $57 | $76 | $114 |
| Portland West CCD, Multnomah County, Oregon | $60 | $80 | $120 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Portland, OR | 2.1% | 6.7% |
| Portland East | 2.23% | 7.12% |
| Maywood Park | 2.21% | 7.6% |
| Portland West | 1.7% | 4.96% |
| Portland Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 2,332 | 2.0% | $328 |
| $200 to $299 | 3,234 | 2.0% | $778 |
| $300 to $499 | 4,626 | 4.0% | $1228 |
| $500 to $749 | 24,416 | 21.0% | $1903 |
| $750 to $999 | 34,500 | 30.0% | $2653 |
| $1,000 to $1,499 | 28,422 | 25.0% | $3778 |
| $1,500 or more | 13,901 | 12.0% | $5428 |
| Streets in Portland Area | Homeowners Insurance Cost |
|---|---|
| SE Drake St, SW Virginia Ln, SE Crosswhite Way, SE Oak St, SE Needham Ct, SE Kempton Ct, Shireva Ct, SE Bob Schumacher Rd, SE Trona Ln, SE Westfork St | $447 |
| SE 43rd Ct, SE Oxford Ln, SE 58th Ave, SE 157th Ave, SE Beatrice St, SE Waverly Dr, SE 42nd Ave, SE Scott St, Elk Rock Rd, SE Maple Hill Ln | $447 |
| SE 92nd Ct, SE Stanley Pl, SE McBrod Ave, SE 134th Ave, Knaus Rd, SW Iron Mountain Blvd, SW Rye Rd, SE Cook Ct, SE 53rd Pl, SE Donatello Loop | $507 |
| SE Andover Pl, SE Mason Hill Dr, SE Ochoco St, SE Gia Ct, SW C Ave, SW G Ave, Atwater Rd, SE Derek Ct, SE Exeter Dr, SE Stevens Way | $478 |
| SE 145th Ave, SE 162nd Ave, Boca Ratan Dr, SE Cambray Way, SE 34th Ave, SE 94th Pl, SE 81st Ave, SE 150th Ave, SE Willow St, SE 92nd Pl | $479 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Portland | $68 to $70 |
| Portland East | $67 |
| Maywood Park | $68 |
| Portland West | $72 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,300 | $2,300 |
| Yearly Portland Homeowner Insurance Premium Example | $1,300 | $1,100 |
| Out of Pocket Expense During Claim | $1,300 | $2,300 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $11,700 | $11,100 |
| Net Savings to Portland Home Owner from High Deductible Plan | $600 | |
| Scenario | Portland, OR Home Replacement Value MORE than Home Value | Portland, OR Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $152,500 | $111,000 |
| Insurance Premium based on Replacement Value | $525 | $400 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $19,500 | Risk Exposure from Under Insuring Coverage is $22,000 |
| Premium Impact | Insurance cheaper by $75/year | Insurance costlier by $50/year |
| Insurance Company | GEICO Insurance | Nationwide Insurance | Amica Mutual Insurance Company |
| Monthly Premium | 50 | 45 | 36 |
| Year Built | 1981 | 2014 | 1966 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 1 Baths | 5 Beds, 2 Baths |
| Coverage Amount | $200000-$250000 | $200000-$250000 | $300000-$350000 |
| Deductible | $1000-$2500 Deductible | $500 Deductible | > $10,000 Deductible |