Average homeowners insurance cost in Hillsboro, OR

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The average cost of homeowners insurance in Hillsboro is $1,481 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $1,101 less than the national average of $2,582.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Hillsboro depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Hillsboro, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Hillsboro.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Hillsboro.

Key takeaways

Homeowners insurance costs $1,481 per year in Hillsboro.
At $857 per year, Nationwide offers the cheapest homeowners insurance in Hillsboro.
Your home insurance rates increase by $339 more annually if you increase your dwelling coverage from $200,000 to $300,000.

Average homeowners insurance cost in Hillsboro per month

Residents of Hillsboro pay an average of $123 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $22 less than the state average of $145 and $92 less than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Hillsboro may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Hillsboro

In Hillsboro, OR, homeowners pay an average of $1,142 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in Hillsboro

Based on a rate analysis conducted by Insure.com, Hillsboro residents pay an average of $1,481 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $339 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

Average homeowners insurance cost in Hillsboro by company

Among the carriers analyzed, Nationwide is the most affordable homeowners insurance company in Hillsboro. It’s average annual rate for homeowners in Hillsboro is $857.

American Family, ranks second and State Farm makes it to the third spot with an average annual home insurance rate of $1,138.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Hillsboro and compiled a list of the most affordable home insurance companies.

Below are details of Hillsboro home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
Nationwide	$857
American Family	$951
State Farm	$1,138
Allstate	$1,204
Country Financial	$2,773
Farmers	$1,810
USAA*	$1,355

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Hillsboro for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.