Salem ,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 Salem, 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 Salem, OR is $1243. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Salem, OR. VHome Insurance will help you navigate the world of homeowners insurance coverages in Salem, OR.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $497 |
| $200,000 | $845 |
| $300,000 | $1,044 |
| $400,000 | $1,591 |
| $500,000 | $2,001 |
Home insurance costs in Salem 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 |
|---|---|
| 097304 | $1,200 |
| 97306 | $1,193 |
| 97302 | $1,192 |
| 97301 | $1,160 |
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 Salem, OR, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,274 |
| $1000 Deductible | $1,140 |
| $1500 Deductible | $1,075 |
| $2500 Deductible | $970 |
| $5000 Deductible | $820 |
| Home Insurance Company Near Salem, OR | Homeowners Insurance Agency Near Salem, OR | Address |
|---|---|---|
| NA | Jmi Ins | 3737 S W 117Th, Beaverton, OR, 97005 |
| Travelers | Automobile Assoc Agency-Ta | 600 SW MARKET ST, PORTLAND, OR, 97701 |
| State Farm | Jay Puppo | 9375 SW Wilsonville Road, Wilsonville, OR, 97070-8539 |
| Liberty Mutual Independent | Rhodes Warden Insurance Inc | 1129 HILL ST SE, ALBANY, OR, 97322 |
| State Farm | Teresa Lulay | 890 Commercial Street SE, Salem, OR, 97302-4108 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Four Corners CDP, Oregon | $65 | $86 | $129 |
| Hayesville CDP, Oregon | $65 | $87 | $131 |
| Keizer city, Oregon | $66 | $88 | $132 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Salem, OR | 2.5% | 7.8% |
| Four Corners | 2.76% | 8.45% |
| Hayesville | 2.45% | 8.93% |
| Keizer | 2.36% | 7.89% |
| 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 |
| Streets in Salem Area | Homeowners Insurance Cost |
|---|---|
| 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 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Salem | $66 to $68 |
| Four Corners | $65 |
| Keizer | $66 |
| Labish Village | $63 |
| Scenario | Salem, OR Home Replacement Value MORE than Home Value | Salem, OR Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $ | $ |
| Insurance Premium based on Replacement Value | $ | $ |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $ | Risk Exposure from Under Insuring Coverage is $ |
| Premium Impact | Insurance cheaper by $/year | Insurance costlier by $/year |