Get Grants Pass, OR Home Insurance Rates!
Around 34,533 people are living within the city of Grants Pass and the average family household is around 3 people per home. The total number of homes likely to be insured with a homeowners policy is around 15561 and the total number of occupied households is roughly 14313. Grants Pass homeowners are looking to easily compare insurance rates and coverage options with great prices and coverage that equals protection and peace of mind. At GetHomeInsuranceQuotes.com, we can shop up to 12 rates and coverage options among some of the best insurance providers in your area.
Home Insurance Cost in Grants Pass is a Bargain
Homeowners insurance pricing is very competitive in the city of Grants Pass. We pay an average annual premium of $735 while the rest of the country is paying a median price of $1,311. This means that Oregon ranks 51 in the country when it comes to the annual cost of paying for a homeowners policy.
Avg. OR Rate | Discounts | Savings | Shop Rates |
---|---|---|---|
$735 | up to 40% off | $294 |
Types of Grants Pass Homeowners Coverage
Did you know there are different types of home insurance coverage options? Each one is specifically designed for a certain type of housing. Here is an overview of the common homeowners insurance types that consumers can purchase in Grants Pass.
- HO-3: This is by far the most common homeowners policy available. It will cover all perils, with the exception of certain perils listed on your policy, such as flooding and earthquake damage.
- HO-2: This is a very basic policy. It only covers damage from certain perils that are stated in the policy. If the peril is not listed, it will not be covered. Your personal property is also covered. Most home insurance agents don't recommend these policies except for the most basic coverage needs. An HO-2 policy is usually for homeowners with no mortgage and the current home they are living in is paid in full. Most mortgage providers will not allow homeowners to have an HO-2 policy.
- HO-4: The HO-4 policy is for renters. It will protect all of the personal property in your apartment, up to your policy limits, as well as offering liability coverage. The liability portion of the policy will protect your financial assets if someone is injured in your apartment. It will pay for any medical costs as well as defend you in a lawsuit if you happen to be sued. These polices are very affordable and should definitely be considered if you currently live in an apartment.
The city of Grants Pass has a median household income of $48,315 it is below the national average of $68,703. Housing is another great reason to live in Grants Pass with the average home costing $267,800.
Demographic | Values |
---|---|
Population | 34,533 |
Total Occupied Households | 14313 |
Family Households (families) | 8700 |
Average Owner Occupied Household Size | 2.36 |
Average Family Size | 2.94 |
Total Housing Units | 15561 |
Compare Homeowners Insurance Rates in Grants Pass, OR!
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Average Rates Nearby Grants Pass
Are you looking for homeowners insurance in a city near Grants Pass? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
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Home Insurance Rates by Zipcode in Grants Pass, OR
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Grants Pass.
Grants Pass, OR Home Insurance Average Premiums
For the city of Grants Pass, 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) | $295 /yr. |
Average Coverage: | $545 /yr. |
2600 sq. ft. or higher (all discounts applied) | $845 /yr. |
What is the average home insurance cost for a home in Grants Pass, OR?
- • The average homeowners insurance premium paid annually for a home in Grants Pass is around $545 per year.
What does it cost on average per month for home insurance in Grants Pass, OR?
- • Homeowners in Grants Pass pay an average cost per month around $45.00 for insurance coverage.
Grants Pass, OR Coastal Wind, Hail & Flood Information
Grants Pass is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.
Grants Pass, OR - 2023 Housing Information
Month | Current Home Value (2023) | Last Year Home Value (2022) |
---|---|---|
January | $394,369 | $390,119 |
February | $392,231 | $393,718 |
March | $391,284 | $398,886 |
April | $390,453 | $404,018 |
Homeowners insurance will help cover the cost to repair or replace your Grants Pass home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Grants Pass
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Get up to 12 competitive Grants Pass, OR homeowners insurance rates all in one place! |
Saving Money Tips on Grants Pass Home Insurance
A great way to save money on Grants Pass homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Grants Pass area? Check out what homeowners are paying on average for Oregon homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
Elevation | Details | Homeowners Tips |
---|---|---|
1504 ft. | This is the average home elevation in Grants Pass, OR | » Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Grants Pass, Oregon. A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home. Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy. It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas. |
To get online quotes on your home and compare rates on home insurance premiums in Grants Pass, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Josephine County.
Oregon Homeowners Insurance News & Information
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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 […]
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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 […]
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Are homeowners insurance companies increasing deductibles? Posted on Thursday 22nd August, 2024
This year many homeowner insurance companies have been raising their homeowner percentage deductible from 1% to 2% which could be a massive increase for policyholders who have to make a claim on their policy. It has led to many homeowners shopping their coverage as their out-of-pocket costs skyrocket. As the cost of claims increases, particularly […]
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Homeowners in Texas are Seeing Home Insurance Rates Increase Posted on Wednesday 7th August, 2024
Homeowners in Texas are feeling the squeeze as homeowner insurance rates continue to climb. In a recent NBC 5 Investigates article, they looked at just how dramatic recent rate increases have been across Texas. Melinda Clifton has seen destructive weather cause hail damage to her roof three times in the last twenty years according to […]
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What happens to my mortgage if my homeowners policy gets cancelled? Posted on Thursday 18th July, 2024
As more and more insurance companies stop writing policies in certain markets or cancel existing policyholders they find too big of a risk, homeowners are finding their policies cancelled or non renewed. While a cancelled policy is a shock, it doesn’t mean you need to panic. Following is a brief overview of what to do […]
Grants Pass, OR Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Grants Pass so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Grants Pass, OR?
- The average square footage in Grants Pass is around 1,212 Sq. Ft. which would cost you around $267,800 to replace the home if you base the home on the price to build per square foot of $221.
Minimum Replacement Cost Total: $267,800
Location: Grants Pass, Oregon (Josephine County)
Average Building Cost Per Square Foot in Grants Pass: $221 (low end)
Average Square Footage in Grants Pass: 1,212 Sq. Ft.
Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
---|---|---|
None or Very Minor Improvements | $221 | $267,800 |
Some Additional Upgrades | $276 | $334,750 |
Major Home Updates or Advancements | $332 | $401,700 |
The dwelling coverage is calculated by the average cost per square foot ($221) in Grants Pass, Oregon times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $690,625 (Media price to build of $276 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.