Question 1

Do I need flood insurance in Albany, Oregon?

Accepted Answer

If you have a mortgage on a property in FEMA's Special Flood Hazard Area (the 100-year floodplain), your lender will require flood insurance. Even if you're not required to have it, it's worth considering since Albany sits along the Willamette River and standard homeowners policies don't cover flood damage. Policies for low-risk areas can start as low as $365 annually.

Question 2

What's the minimum car insurance required in Oregon?

Accepted Answer

Oregon requires liability coverage of 25/50/20 ($25,000 per person, $50,000 per accident, $20,000 property damage), plus $15,000 in personal injury protection and $25,000/$50,000 in uninsured motorist coverage. However, these minimums often aren't enough to fully protect you in serious accidents. Most agents recommend at least 100/300/100 if you can afford it.

Question 3

How much does homeowners insurance cost in Albany?

Accepted Answer

Oregon homeowners pay an average of $72 per month or $869 annually for insurance. Your actual rate depends on factors like your home's age, location, construction type, and claims history. Historic homes in Albany's National Register districts may require specialized coverage with higher premiums due to increased replacement costs for period-appropriate materials.

Question 4

Are historic homes in Albany more expensive to insure?

Accepted Answer

Generally yes. Albany has over 800 historic buildings in three National Register districts, and these properties often need specialized coverage. Replacement costs can far exceed market value because you're dealing with original materials and craftsmanship that require skilled restoration. Look for insurers experienced with historic properties and ask about agreed value or guaranteed replacement cost policies.

Question 5

What discounts are available on insurance in Oregon?

Accepted Answer

Common discounts include bundling auto and home insurance (typically 15-25% savings), being claims-free for several years, having security systems or monitored alarms, completing defensive driving courses, and being a retiree or military member. Ask your agent about all available discounts—they can significantly reduce your premium.

Question 6

Does Oregon allow insurers to use credit scores for insurance rates?

Accepted Answer

Yes, Oregon is one of the states where insurance companies can use credit-based insurance scores when determining your rates. A better credit score typically translates to lower insurance premiums. This applies to both auto and homeowners insurance, so maintaining good credit can save you money on coverage.

Insurance Agents in Albany, New York (NY)

Insurance agencies serving Albany

Aurora Inc

Avid Insurance Agency, Inc.

Insurance Agents in Albany, New York (NY)

Insurance agencies serving Albany

Aurora Inc

Avid Insurance Agency, Inc.

Broadview Insurance Agency

Council Services Plus, Inc.

Dark Horse Insurance Services

Hamlin, Robert & Ridgeway Inc

HMS Agency, Inc

Mohawk Insurance Services, LLC

Toedt Insurance Agency LLC

Tri-City Insurance

Insurance Guides for Albany

Insurance in Albany, Oregon: Your Complete Guide

Insurance in Albany, Georgia: Your Complete Guide

Home Insurance in Albany

Home Insurance in Albany, Georgia

Home Insurance in Albany, Oregon

Auto Insurance in Albany

Frequently asked questions