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Find the lowest Homeowners Insurance Rates in 97345
There are a number of ways to save money on your homeowners insurance rates. Discounts, bundling, upgrading your security system or replacing your roof with wind resistance materials are all great ways to lower your premium but the number one recommended way to save is to shop your coverage on a regular basis.
If you are shopping for coverage in 97345, do yourself a favor and get a rate quote from GetHomeInsuranceQuotes.com. We will provide you with up to 12 quotes for homeowners coverage in Foster, OR from a list of top tier nationwide insurers.
Our Oregon licensed agents will review the quotes with you and provide advice on coverage types and coverage levels that will work best for you and your family.
It’s easy to get started. Just click the "Get Multiple Quotes Now" button below and your 97345 will appear in the zip code field and you are ready to go.
It’s Time to Compare Rate Quotes for 97345
You can easily compare rates for your home in ZIP starting an online quoting application to "get quotes". Or search additional Foster, OR home insurance quotes in your local city and review the most competitive coverages and premiums.
97345 Ratings: very low!
Saving up to 40 percent on your homeowner insurance premium has never been easier. We will do all of the legwork for you and present you with the best policy options to help protect your home.
In addition to gathering the best quotes from 12 major insurance companies in Foster we will also share what average rates are in your area so we can compare savings and coverage options. Reviewing what home insurance cost will help you determine if your current insurance premium is on the high side or if you are already getting a bargain. For example, in 97345, homeowners are seeing rates around 509 on average per year.
Let us help you compare home insurance rates right now. Get started shopping for new policy in 97345!
97345 Home Insurance Average Premiums
$259 /yr.
Shows Zip Code: 97345 lowest rates with discounts applied on average.
For the 97345, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
| Coverage Amount: | Annual Premium |
|---|---|
| 1800 sq. ft. or below (discounts applied) | $259 /yr. |
| Average Coverage: | $509 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $809 /yr. |
What is the average home insurance cost for a home in 97345?
- • The average homeowners insurance premium paid annually for a home in 97345 is around $509 per year.
What does it cost on average per month for home insurance in 97345?
- • Homeowners in 97345 pay a monthly average cost per month around $42.00.
What kind of discount could I get if I combine my home and auto insurance together in 97345?
- • Autoowners in 97345 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.
For shopping home insurance rates within the Foster area, check out other zip codes nearby 97345.
Review average rates in another zip code:
97345 homeowners insurance rates
Home Replacement Cost Coverage in 97345
Average Building Cost Per Square Foot in 97345: $221
Location: Foster, Oregon (Linn County)Average Square Footage in 97345: 1,357 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 97345 before you start any project. Foster homeowners pay on average around $221 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 97345 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Here is how you determine your replacement cost. If we take an average home in 97345 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,357 sq. ft. and the average cost to rebuild the home in this area is around $221 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Foster area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.
| Home Improvement Status | Price per Sq. Ft. | Square Feet | Dwelling Coverage |
|---|---|---|---|
| Basic Home Features | $221 | 1,357 | $300,000 |
| Additional Upgrades & Added Features | $276 | 1,357 | $375,000 |
| Major Home Updates or Advancements | $332 | 1,357 | $450,000 |
It's important to understand that when you estimate your replacement cost of your home in the 97345 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.
Best Homeowners Insurance Agencies in 97345
Best Home & Auto Insurance Agencies in 97345
Housing Demographics for 97345
Population Review for 97345 Zip Code
For the city of Foster, the population within 97345 has increased to over 439 residents in population size. The current population total is 669. We have broken down the population based on race below. In 97345, there are over 343 in male population and 326 females.
| Population | Values |
|---|---|
| Total Population | 669 |
| White Population | 589 |
| Black Population | 2 |
| Hispanic Population | 17 |
| Asian Population | 7 |
| Hawaiian Population | 4 |
| Indian Population | 14 |
| Other Population | 3 |
| Male Population | 343 |
| Female Population | 326 |
| Population Estimate | 439 |
Household Data for 97345
The average number of homes in 97345 is around 264, there are an average of 2.51 per household. The average house value according to local real estate values is around $300,000. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 264 |
| Persons Per Household | 2.51 |
| Average House Value | $300,000 |
| Income Per Household | $46455 |
| Median Age | 47.2 |
| Median Age Male | 43.5 |
| Median Age Female | 48.1 |
| 97345 Details | Values |
|---|---|
| State | OR |
| State Full Name | Oregon |
| City Type | P |
| City Alias Abbreviation | |
| Area Code | 541 |
| City | Foster |
| City Alias Name | FOSTER |
| County | Linn |
| County FIPS | 043 |
| State FIPS | 41 |
| Time Zone | 8 |
| Day Light Saving | Y |
| MSA | |
| PMSA | |
| CSA | 440 |
| CBSA | 10540 |
| CBSA_DIV | |
| CBSA_Type | Metro |
| CBSA_Name | Albany, OR |
| MSA_Name | |
| PMSA_Name | |
| Region | West |
| Division | Pacific |
| MailingName | Y |
| Economic & Growth Review | Values |
|---|---|
| Number Of Businesses | 10 |
| Number Of Employees | 26 |
| Business First Quarter Payroll | 207 |
| Business Annual Payroll | 992 |
| Business Employment Flag | |
| Growth Rank | 0 |
| Growth Housing Units 2003 | |
| Growth Housing Units 2004 | |
| Growth Increase Number | 0 |
| Growth Increase Percentage | 0.0 |
| Metropolitan Details | Values |
|---|---|
| CBSA Population | 116672 |
| CBSA Division Population | 0 |
| Congressional District | 05 |
| Congressional LandArea | 5189.73 |
| Delivery Residential | 175 |
| Delivery Business | 5 |
| Delivery Total | 490 |
| Preferred Last Line Key | Z15013 |
| Classification Code | |
| Multi-County | |
| CSA Name | Portland-Vancouver-Salem, OR-WA |
| CBSA_DIV_Name | |
| City State Key | Z15013 |
| Land Area | 42.734000 |
| Water Area | 1.557000 |
| City Alias Code | |
| City Mixed Case | Foster |
| City Alias Mixed Case | Foster |
| Box Count | 241 |
| SFDU | 162 |
| MFDU | 0 |
| State ANSI | 41 |
| County ANSI | 043 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | P |
| City Delivery Indicator | N |
| Carrier Route Rate Sortation | C |
| Finance Number | 403040 |
| Unique ZIP Name | |
| SSA State County Code | 38210 |
| Medicare CBSA Code | 10540 |
| Medicare CBSA Name | Albany-Lebanon, OR |
| Medicare CBSA Type | Metro |
| Market Rating Area ID | 2 |
| County Mixed Case | Linn |
Oregon Homeowners Insurance News & Information
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2025 – Study Shows Home Insurance Market Stabilizing Posted on Wednesday 11th December, 2024
According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges. Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]
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What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024
A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly. The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]
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$4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024
According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]