97368 Home Insurance Quotes & Rates

Currently, the 1,504 homes within the 97368 zip code are being challenged with rate increases and the demand for more affordable homeowners insurance premiums. The average home insurance rate for Oregon is around $537 per year for a standard HO-3 homeowners policy. A standard homeowners policy in Otis, OR, insures your home from theft, fire, windstorm damage and liability accidents on your property. Flood or earthquake damage is not covered under a basic homeowners policy, we can help you review the best coverage option for your home in 97368.

Oregon is now ranking #51 in the country for the highest premiums. If you are trying to lower your premium and want to compare up to 12 Otis home insurance quotes all in one place then GetHomeInsuranceQuotes.com of Oregon has the online shopping service for you. Our hassle free online quoting application allows homeowners in the 97368 area to review and compare the best rates and coverage options. We can provide a free consultation process to help you decide which carrier, coverage and policy is the best fit for you and your family. We realize that protecting your most valuable investment is very important to you, that is why we want to help you increase your coverage while providing the most affordable rates available. Let us help you shop and compare your Otis, Oregon home insurance rates today!

Please give us a call now at 1-855-976-2656, easily get up to 12 rates over the phone in minutes. For Otis, OR Home Insurance Quotes, start your shopping process to today, it's easy and hassle free!

Average Building Cost Per Square Foot in 97368: $221

Average Square Footage in 97368: 796 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 97368 before you start any project. Otis 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 97368 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 97368 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 796 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 Otis 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.

It's important to understand that when you estimate your replacement cost of your home in the 97368 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.

Household Data for 97368

The average number of homes in 97368 is around 1,504, there are an average of 2.37 per household. The average house value according to local real estate values is around $175,900. Please review the following demographics below for average income and media age.

• Homeowners Shopping Rates Due to Rise in Premiums Posted on Monday 23rd September, 2024

  According to the recently released J.D. Power 2024 U.S. Home Insurance Study a nationwide rise in premiums has driven many customers to shop for new policies as their rates are now too high.  “’The average shopping rate among home insurance customers has climbed to a record high of 6.8% through the second quarter of 2024, […]

• Where is it cheaper to rent than to buy a home in the United States? Posted on Thursday 5th September, 2024

  According to a new study from Clever Real Estate, a St. Louis-based real estate company, monthly rent costs are actually cheaper than a monthly mortgage payment in 48 of the 50 most populous cities in the United States. Their analysis looked at mortgage principals, interest, taxes as well as homeowners insurance and they found that […]

• Review How Many Homeowners Are Not Insured Per State Posted on Thursday 29th August, 2024

  One of the major costs of owning a home is protecting it with homeowners insurance. This will ensure your home is repaired or rebuilt if it is damage or destroyed by a covered peril. It also helps protect you against lawsuits, theft and even vandalism. If you have a mortgage on your home, your lender […]