Priave flood Insurance in Oregon
Oregon Flood Insurance

How much is Flood Insurance in Oregon? Better Flood Insurance


This blog will answer common questions that we get about flood insurance in Oregon.  We will also share some statistics and links if you get really into the research for flood insurance in Oregon, This page is our attempt to pull all the information you could be interested in precisely the cost of flood insurance in Oregon. We will also review the difference in Oregon’s NFIP policies and Oregon’s Private flood Insurance Market and finish up with OR’s Lloyd of London Flood Insurance companies. We would like to hear your thoughts so, please share, comment, ask questions or if you want us to explore a topic further let us know. To keep it easy we have some quick jumps to sections that you might be interested in learning more. Enjoy. Your flood Nerd. 

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Yes please shop my flood insurance.

Does my homeowner’s insurance cover flooding?
Do I need flood insurance in Oregon?
What are my flood insurance options in Oregon?
Oregon NFIP flood insurance
Oregon private flood insurance market
How much does flood insurance cost in Oregon?
How to save money on Flood Insurance in Oregon’s VE flood zone
Five things you need to know about flood insurance in Portland, OR.
Oregon Flood Insurance calculator
Cost of flood insurance in Oregon? (click on your city to find the average)



Albany, OR
Average cost of flood
insurance $932
Benton County, OR
Average cost of flood
insurance $934
Corvallis OR
Average cost of flood
insurance $934
Gold Beach, OR
Average cost of flood
insurance $644
Clackamas County, OR
Average cost of flood
insurance $1,125
Lake Oswego, OR
Average cost of flood
insurance $911
 Portland, OR
Average cost of flood
insurance $820
 Tualatin & West Linn, OR
Average cost of flood
insurance $980
 Cannon Beach, OR
Average cost of flood
insurance $953
 Clatsop County, OR
Average cost of flood
insurance $953
Seaside & Warrenton, OR
Average cost of flood
insurance $589
Columbia County, OR
Average cost of flood
insurance $803
Scappoose & Vernonia, OR
Average cost of flood
insurance $803
Coos Bay, OR
Average cost of flood
insurance $800
Prineville, OR
Average cost of flood
insurance $1,043
Curry County, OR
Average cost of flood
insurance $644
Brookings OR
Average cost of flood
insurance $644
Bend, OR
Average cost of flood
insurance $588
Deschutes County, OR
Average cost of flood
insurance $1,012
Roseburg, OR
Average cost of flood
insurance $1,012
Central Point, OR
Average cost of flood
insurance $723
Jackson County, OR
Average cost of flood
insurance $729
Medford, OR
Average cost of flood
insurance $891
Grants Pass OR
Average cost of flood
insurance $840
Josephine County, OR
Average cost of flood
insurance $840
Eugene, OR
Average cost of flood
insurance $945
Florence, OR
Average cost of flood
insurance $935
Junction City, OR
Average cost of flood
insurance $935
Lane County, OR
Average cost of flood
insurance $645
Lincoln City, OR
Average cost of flood
insurance $645
Newport & Waldport, OR
Average cost of flood
insurance $934
Yachats, OR
Average cost of flood
insurance $934
Linn County, OR
Average cost of flood
insurance $949
Keizer, OR
Average cost of flood
insurance $670
Marion, OR
Average cost of flood
insurance $670
Salem, OR
Average cost of flood
insurance $1,197
Multnomah County, OR
Average cost of flood
insurance $770
Tillamook County OR
Average cost of flood
insurance $744
Manzanita & Tillamook, OR
Average cost of flood
insurance $744
Beaverton, OR
Average cost of flood
insurance $1,396
Tigard, OR
Average cost of flood
insurance $979
Washington County, OR
Average cost of flood
insurance $979
Sheridan, OR
Average cost of flood
insurance $1,102
Rockaway Beach, OR
Average cost of flood
insurance $1,197
Gearhart, OR
Average cost of flood
insurance $953

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Does my homeowner’s insurance cover flooding?

A typical Oregon homeowners policy is written through Farmers, State Farm, Allstate, and Progressive, for instance, exclude flooding as something that will be covered under their homeowner’s policy.

In most cases, the only way to get flood coverage is by purchasing a stand-alone flood insurance policy.

However, you should ask your homeowners agent if you can an endorsement to your homeowner’s policy to cover flooding.

Don’t be too surprised if the answer is NO.

Flood Insurance Rate Maps

Do Need flood insurance in Oregon?

It is important to have flood insurance coverage in Oregon because your beloved state has seen is a fair share of flooding.

Most Homeowners who own property in Oregon had thought flood insurance at some point, maybe before buying a home, or during the loan closing process, however many of us only think about it when a big storm is looming or we have heard on the news that there is flooding forecasted and are home may be at risk.

This is too late.

If your home or business is in a flood zone that is considered low to moderate flood risk area. You still are at risk of flooding.

You may decide to forgo purchasing flood insurance coverage.

You may have even have been told by a real estate agent and some insurance agents that you don’t need it. Please 50 years of facts our government has around flooding in the united state

Oregon Flood Insurance Rate Maps

Statistically  20-percent of all flooding events across our nation come in areas that are considered low risk.

And our last few major storms we saw flooding in these low-risk areas.

90 percent of all those who had flood water in their home or building after this event…. Did not have flood insurance coverage. Many now thought they didn’t need it or were told they didn’t.

We often hear that people believe that the government will help them and this is true.

Some people believe that the government will help them after a flood and this may be true, (kinda) consider that there are a few things that must align for you to get government assistance after a natural disaster.

1) the president of the united states must declare the flooding event as a state of emergency if this doesn’t happen then there won’t Federal assistance.

2) the average amount of assistance a homeowner gets after a flood when they do not have flood coverage is $5,000, the average cost of damage to one’s property after a flood is $45,000+ and that $5K you get from the government? It comes in the form of a loan. You will need to pay it back. Are you willing to gamble away your financial future by forgoing flood insurance coverage?

https://www.bloomberg.com/graphics/2017-fema-faulty-flood-maps/

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Flood insurance rate map Oregon

One more note on these low-risk flood zone maps. Many of them are over 40-years old.

Oregon, in particular, has many maps that are 40+ years old.  If the area has been developed then there is likely more concrete creating a barrier for land that might have absorbed the massive downpour.

Since 1975 Oregon population has grown from 2.33 Mill to 4.12 that is more than double as many people that need homes. All this to say that if your home has been built during this time there is a good chance that your property could be at risk for flooding and you may not even be aware.

Flooding is the #1 natural disaster in the United States and Oregon has seen its fair share of devastating floods.

Because of all these factors, it is really difficult for property owners to know their true risk of flooding.

FEMA admits that their flood maps only give an idea for part of the risk. Our recent storms are facts that it can rain anywhere within Oregon’s borders and you should consider getting flood coverage so you are not uninsured when you need it most.

Fema flood zone maps often take years to go into effect after the terrain was actually studied, this gives the impression that the area is “more up to date” then it really is.

The average cost for flood insurance in Oregon in these Low-risk areas is $450 – $800 per year.

So worth it to have coverage and not need it then to not have coverage and wish you had it.  

If your lender doesn’t require flood insurance for your Oregon property it DOES NOT mean you are safe from flooding.

FEMA’s National Flood Insurance Program (NFIP), and all federally backed lenders rely on these maps to assess risk, set premium and determine who is required to purchase flood insurance.

Bad information about an area’s flood risk can leave property owners under or uninsured.

Lenders should demand updated maps.




Yes please shop my flood insurance.


What are my flood insurance options in Oregon?

Oregon NFIP flood insurance.

There are many options available in Oregon in regards to flood insurance but they basically fall into two main categories.

The NFIP / FEMA policy

1_The National Flood Insurance Program (NFIP) also known as FEMA which is the Government option for flood insurance and has enjoyed a 50-monopoly on the flood insurance market.

Not private flood insurance but NFIP Resellers

If you have Nationwide flood insurance, State Farm Flood Insurance, Progressive Flood Insurance or any of the of the logos below then you are buying the NFIP flood policy that is just being resold through a government program.

Progressive Flood Insurance

These companies are private companies but their flood insurance is not. Here is a list of the 70 companies that resell the NFIP policy.

https://www.fema.gov/wyo_company

Oregon’s private flood insurance market

Llloyds of London Flood Insurance ShopperThere are alternative to the NFIP or government insurance and this is called Private flood insurance market, most notably Lloyds of London Flood insurance, however, there are other options available in Oregon.

We shop all the options for your property in your region of Oregon to ensure you are getting the best premium. If you are ready to have us do the work for you click here.

Our shopping will include the NFIP because sometimes we find that with government subsidies you can get a much better premium on the National Flood Insurance Program.

https://www.betterflood.com/quote/


Lloyds of London flood Insurance Market in Oregon

Oregon is fortunate to have many Lloyds of London flood insurance options. Although many of these Lloyds flood insurance companies will have you assume that theirs is the only option –  nothing could be further from the truth.

Lloyds of London has a rich history and is attributed to have invented the very first modern insurance model.

Unlike most of its competition, Lloyds of London is not really a company but rather a corporate body, this structure works quote well obviously since it has been around for over 330 years.

Lloyds operates under multiple financial backers that all pool their capital to spread the risk. So if you have a Lloyds policy then you have the backing of One-hundred and Twenty Billion on your side ($120,000,000,000+)

I have two blog post that takes a deep dive into Lloyds of London and what they mean to Oregon’s flood insurance market if you are interested links are below.

https://www.betterflood.com/blog/lloyds-of-london-flood-insurance/

https://www.betterflood.com/blog/nfipvsprivate/

Lloyds also insures the world for flooding meaning they cover flooding events in India, Australia as well as much of Europe, Africa, China, and on and on.

You see the “game” of insurance is to spread your risk all over the work to diversify this allows Lloyds of london Flood insurance to predict the losses with reasonable accuracy by the law of averages.  Since Lloyds is one of the few global insurers they can easily do this.

Lloyds of London Private Market Flood InsruanceMy joke here is that Lloyds is banking on Gods promise that he won’t flood the entire world again, …..so they won’t have to pay out the whole worlds flood claim.


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How much does flood insurance cost in Oregon

There are many factors that go into getting the Cost of flood insurance for Oregon. If your home is located in what is considered low-to-moderate risk.

Oregon’s low-to Moderate Risk rate and cost.
(This is Flood Zone X) which is not a lender required flood zone.

This is usually identified as an X-flood zone then we would suggest the government Preferred Risk Policy (PRP) which is a subsidized policy and has set flood insurance coverage limits (see grid below)

Here a link if you want to really dig into this one. Be ready for an eye chart because every option is public record and should be standardized accost whoever writes these policies.

The average cost for flood insurance in Oregon with the maximum set limits in these Low-risk flood zone areas is $405 – $700 per year.

https://www.fema.gov/media-library-data/1523307331106-4cf9726b2eb04c3471a3e9d37a58fa6a/09_prp_508_apr2018.pdf

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Flood Insurance in Oregon’s High-risk flood insurance rate map

A flood zone and SHFA rate maps
FEMA High-risk Rates

If for the property is in higher-risk flood zone usually identified with a Flood zone AE. Your lender will require you to have flood insurance.

The cost of flood insurance in Oregon depends on many factors that are unique to the structure.

We are going to try to give you an idea for the most common homes we see in Oregon with subgrade crawlspace.

We will look at the cost of flood insurance for the NFIP maximum $250,000 for the (building only) with NO CONTENTS and our recommended deductible of $5,000.

We will be rating all this example on the NFIP as well as on a few of our Lloyds options.



Yes please shop my flood insurance.


Cost of Flood Insurance in Oregon in high-risk flood zone AE

Our example is in Madras but the premiums will be the same if in Portland, Central Point, Grants Pass, Eugene, Lincoln City, Salem, Beaverton, Sheridan, Keizer and many other Oregon flood zones.

In our example, the Base Flood Elevation (BFE is 2249) and is a home that is built before 1974


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Flood insurance companies in Oregon
NFIP option in Oregon Flood Zone AE

Coverage of $250,000 building coverage (no Contents coverage) and $5,000 deductible

NFIP Annual premium in High-Risk flood zone is $2,496

This option is what we see if the property has had a flood loss before, an either doesn’t have an Elevation Certificate applied or the Elevation certificate showing that the lowest floor is 4 feet under the BFE for the area. You can use 10% of your coverage to cover other structures on your property.


Private flood insurance – Lloyds of London Flood Insurance (option 1)

Coverage of $250,000 building coverage (no Contents coverage) and $5,000 deductible

Lloyds of London (option 1)  Annual premium in High-Risk flood zone is $895.92

This option is great and we are very happy when we can get this option. They can be a bit choosy about what risk they will accept, and will not take anything that has had a flood loss. They do offer coverage for basements. And about $2,000 for loss of use. $2,000 for other structures can’t increase this coverage. They do not require an Elevation Certificate to rate.


Oregon Private flood insurance – Lloyds of London Flood Insurance (option 2)

Coverage of $250,000 building coverage (no Contents coverage) and $5,000 deductible

Lloyds of London (option 2)  Annual premium in High-Risk flood zone is $950.75

This option is great and we are very happy when we can get this option for our clients as well. They seem to be writing almost all risks, however, they do not write any property that is in a designated floodway or has the depth of -4 under the BFE in our example with our BFE being 2249 if the lowest floor is 2246 then they will not accept this risk, they will not take anything that has had a flood loss. They do offer limited coverage for basements. Do not require an Elevation Certificate to rate. And as a percentage of coverage for loss of use. If you want coverage for other structures than that will need to be added.


Private Flood insurance option (option 3)

Coverage of $250,000 building coverage (no Contents coverage) and $5,000 deductible

Private flood insurance (option 3) Not Lloyds,

Annual premium in High-Risk flood zone is $2230.15

This option will take properties that have had one flood loss before as long as it has been more than five years and the payout was under $100,000 on the claim. Their coverage matches the NFIP.  Will write practically all risks, don’t need an elevation certificate to rate and are a bit lower in premium than the NFIP.


Private Flood insurance – Not Lloyds and admitted carriers (option 4)

This option has to be written on the Replacement Cost Value (RCV) of the building otherwise there is a co-insurance penalty that kicks in. So $250,000 might be a bit low in Oregon but to keep this going let’s just use that for this option

Coverage of $250,000 (RCV) building coverage, 20% Contents coverage standard, 10% other structures and 10% loss of use and $5,000 deductible

Annual premium in High-Risk flood zone is $850.00 (great price)

This options rating system is all over the board sometime we get a crazy great price other times the premium is way higher than the NFIP will consider taking a property that has had one flood loss before as long as it has been more than ten years and the payout was under $150,000 on the claim. Their coverage must be at Replacement cost which is a bit different from some of our other Lloyd’s flood options we usually reserve this one if the property doesn’t fit into any of our option above. We can adjust coverages to control premium. AS mentioned before this underwriters rates are all over the board it is worth shopping though to make sure we are getting you the best premium we can. They don’t need an elevation certificate to rate.


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Base Flood elevation Oregon
Oregon V and VE flood zones

V and VE flood zones with the NFIP can be extremely expensive. We have seen premium that are $30,000 a year for a single home family. This is ridiculous!!

We suggest that you let us shop your V or VE flood zones on to the private flood Market that is underwritten by Lloyds of London. WE are seeing saving in the thousands.   

We have been able to double even triple coverage for oceanfront properties.

The main issue that we see with beachfront properties is that on the NFIP they have a one-size-fits-all solution and many properties are paying over what we consider is a fair premium for waterfront houses.

How to save money on Flood Insurance in Oregon VE flood zones

Flood Insurance Oregon coast

All homes that are ocean facing are custom built so with this special consideration our Lloyds of London VE flood zone and other Private Flood Insurance options for oceanfront properties take this into consideration with variable coverage options as well as significant savings below is a case study for a property we were shopping just last week.

Our example was in the South Beach, OR 97366 area and is in a VE flood zone map.

For the coverage of $250,000 with no contents and a $5,000 deductible, the NFIP annual cost for flood insurance in a VE flood zone is $13,859.00. Ouch!

Since we are who we are and experts in Flood Insurance we will look at every property every way possible to ensure that we are getting the best premium for our clients and WE often Do (smile wink)

We tried this same property on our Private flood options and were able to get the premium to under $2,500 and we have in some cases with similar properties gotten the annual premium to $600 this was a feather in our cap and made our clients very happy. Again all properties are unique in these VE flood zones but if we can find a private flood policy for you we guarantee it will be better then the NFIP option.

Let us help you save money today.



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How much does flood insurance cost Oregon?

COST OF FLOOD INSURANCE IN OREGON
Currently, Washington State has 26,926 NFIP policies in force to date with the total cost of $23,928,017 that would make the average for our state $888.66, of course, some will pay more and some will pay less.

Let us do your Flood Insurance shopping to guarantee you are getting the best rate.

COST OF FLOOD INSURANCE IN ALBANY OREGON

Albany, OR you have 247 flood policies and are paying the total of $230,425 to the federal government for your flood insurance and this makes your average cost $932.89. If you are paying more it might be a good idea to let us shop for a new policy.

COST OF FLOOD INSURANCE IN BENTON COUNTY, OREGON

Benton County OR your average is $904.94 with 219 policies and paying the total of $198,181.


COST OF FLOOD INSURANCE IN CORVALLIS, OREGON

Corvallis OR  has 313 NFIP policies and is paying $341,636 making your average $1,091.48.
I think you can get it for less it might be worth shopping.

COST OF FLOOD INSURANCE IN CLACKAMAS COUNTY, OREGON

Clackamas County Oregon With Mt Hood watching over you and lake Oswego your area is rich in the beauty you also have one of the highest flood insurance policy count within the state of Oregon.

I guess paying the average of $1,125.34 for flood coverage through the NFIP is a bit high. I think you might do better on the private flood insurance market.

Let us flood nerds help you out. 1-866-990-7482.

You have 1,239 flood policies and paying collectively $1,394,167.


COST OF FLOOD INSURANCE IN LAKE OSWEGO, OREGON

The City of Lake Oswego you have 220 flood policies and are paying the total of $200,602, making your average flood policy $911.82.Being south of Portland you get to enjoy the convenience of having a large city close but still have the home roots of a small town. Enjoy your Wild Swan.

COST OF FLOOD INSURANCE IN PORTLAND, OREGON

Portland, Oregon you have the 1,814 FEMA flood policies and are paying the grand total $1,488,502 with the average flood policy of $820.56. Being regarded as one of the worlds most environmentally conscious city you have built strategically around the areas that would flood well done.


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COST OF FLOOD INSURANCE IN TUALATIN, OREGON

COST OF FLOOD INSURANCE IN WEST LINN, OREGON

Tualatin and West Linn, Oregon combined you have 465 National flood insurance program policies are paying the total of $456,053 to the federal program making the average policy $980.76.

I do see a fair amount of LOMA’s that remove the property from the requirement to purchase flood insurance.

Remember that even though the government has removed property from the high-risk flood zone it does not mean mother nature will pass on flooding your property.

It just means that the government will subsidize your flood policy.

Get covered it is far too risky to not have coverage. We can discuss your coverage option if you are interested.


COST OF FLOOD INSURANCE IN CANNON BEACH, OREGON

COST OF FLOOD INSURANCE IN GEARHART, OREGON

COST OF FLOOD INSURANCE IN CLATSOP COUNTY, OREGON

Cannon Beach and Gearhart Oregon combined with  Clatsop County you have 1048 flood policies and is paying the total of $899,628 to FEMA making your average flood policy $953.84. If you are paying more than this it might be time to shop.


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COST OF FLOOD INSURANCE IN SEASIDE, OREGON

COST OF FLOOD INSURANCE IN WARRENTON, OREGON

Seaside and Warrenton Oregon you understand the draw of the water. And you definitely have your share of bird species and Whale watching.

$589.76 is the average flood policy for this are (you guys have one of the best premiums considering all the water).

If you aren’t paying this amount or if your NFIP premium jumps way up (+25% is forecasted in the near future) it might be a good idea to keep your options open and let the flood nerds shop.

You have 1017 flood policies and are paying  a total of $599,782


COST OF FLOOD INSURANCE IN COLUMBIA COUNTY, OREGON

COST OF FLOOD INSURANCE IN SCAPPOOSE, OREGON

COST OF FLOOD INSURANCE IN VERNONIA, OREGON

Columbia County, Scappoose, and Vernonia, Oregon. Combined you have 600 flood policies and are paying $481,975.

Bringing your average to $803.29.


COST OF FLOOD INSURANCE IN COOS BAY, OREGON

COST OF FLOOD INSURANCE IN COOS COUNTY, OREGON

Coos Bay, OR in Coos County or Oregon’s Bay area. With 341 flood policies paying a total of $502,800.

The average cost of flood insurance in this area is $1,474.48 making your area one of the most expensive for flood insurance in the state.

Let’s see if we can get you a private flood insurance policy that is around $800.


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Yes please shop my flood insurance.


COST OF FLOOD INSURANCE IN COOS COUNTY, OREGON

City of Prineville, OR your average flood policy is around $1,043 with 126 flood policies with NFIP and paying the total of $132,464.. I pause to wonder if you are overpaying for your flood insurance it looks like the Flood map is over 40+ years old hasn’t the community grown during that time?


COST OF FLOOD INSURANCE IN CURRY COUNTY, OREGON

COST OF FLOOD INSURANCE IN BROOKINGS, OREGON

COST OF FLOOD INSURANCE IN GOLD BEACH, OREGON

Curry County, Brookings and Gold Beach, OR with 284 active flood insurance policies and paying $188,721 total for the NFIP coverage.

The average policy is $644.51.

If you are not seeing this price then let us see what we can do for you.

We guarantee to shop the policy to all validate options within your region so you get a fair picture of what flood insurance should cost in your area.  


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COST OF FLOOD INSURANCE IN BEND, OREGON

COST OF FLOOD INSURANCE IN DESCHUTES COUNTY, OREGON

Bend, Oregon, Deschutes County you have 193 flood policies and are paying about that much in premium $113,531.

Your average is about $588.23. This such a beautiful part of your state.


COST OF FLOOD INSURANCE IN ROSEBURG, OREGON

COST OF FLOOD INSURANCE IN DOUGLAS COUNTY, OREGON

Roseburg, Oregon and the rest of Douglas County we have you to thank for that amazing Oregon wine.

Your flood insurance average is $1,012.92.

With 1,261 NFIP flood policies and paying a total of $1,277,309.


COST OF FLOOD INSURANCE IN CENTRAL POINT, OREGON

The city of Central Point in Oregon, You have 253 flood policies and are paying the total of $183,059 to the federal government.

I think we can do better than the average flood insurance cost for Renton of $723.55.

COST OF FLOOD INSURANCE IN JACKSON COUNTY, OREGON

Jackson County, Oregon you have 545 flood policies and are paying $397,501.

The average flood insurance policy for this area is $729.40.

Which is rather good considering the number of policies if you are accomplishing this low premium by reducing coverage it might be a good idea to look at coverage though one of our private flood insurance options for Oregon.

You might be able to increase your coverage and get a better price and reducing your risk.


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COST OF FLOOD INSURANCE IN MEDFORD, OREGON

Medford Oregon you also have 261 flood policies and are paying $232,645.

With the average flood insurance policy being $891.36 if you want to see if we can save you money and I think we can fill out our intake form to get us shopping.

COST OF FLOOD INSURANCE IN GRANTS PASS, OREGON

COST OF FLOOD INSURANCE IN JOSEPHINE COUNTY, OREGON

Grants Pass and Josephine County, Oregon the average flood policy in this area is $840.05.

With 664 flood policies and paying $557,790 to the federal program.


COST OF FLOOD INSURANCE IN EUGENE, OREGON

Eugene Oregon you have 846 NFIP policies and paying the grand total of $799,840 to bring your average to $945.44.

COST OF FLOOD INSURANCE IN JUNCTION CITY, OREGON

COST OF FLOOD INSURANCE IN FLORENCE, OREGON

Florence and Junction City Oregon you each have 155 flood policies and are paying the total of $280,751 to bring your average to $935.83.


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FEMA FLood Insurance Rate Maps

COST OF FLOOD INSURANCE IN LANE COUNTY, OREGON

Lane County in Oregon you have 2,056 flood policies with the average flood insurance cost being $905.73 and the total payment $1,863,999.

COST OF FLOOD INSURANCE IN LINCOLN CITY, OREGON

Lincoln City OR you have 744 flood policies, $480,864 is what you are shipping to DC in the form of flood premiums bringing your average to $645.32.

WOW if you are getting this premium then maybe I should hire you. I am looking for good flood nerds that know how to save money on the cost of flood insurance in Washington state.

COST OF FLOOD INSURANCE IN LINCOLN COUNTY, OREGON

Lincoln County in Oregon. You have 1,130 active flood policies and are paying the total of $865,689 making the average flood insurance cost $766.09.


COST OF FLOOD INSURANCE IN NEWPORT, OREGON

COST OF FLOOD INSURANCE IN WALDPORT, OREGON

COST OF FLOOD INSURANCE IN YACHATS, OREGON

Newport Oregon, Waldport Oregon, and Yachats Oregon combined you 385 flood policies and are paying the total of $359,873.

This would make your average $934.73. If you aren’t seeing this premium lets see what we can do about it.

Yes please shop my flood insurance.


COST OF FLOOD INSURANCE IN LINN COUNTY, OREGON

Linn County, Oregon. Your average flood insurance cost is $949.81. With 502 flood policies and paying the NFIP a total of $476,805.

COST OF FLOOD INSURANCE IN KEIZER, OREGON

COST OF FLOOD INSURANCE IN MARION, OREGON

Keizer Oregon and Marion County, combined you have 716 flood insurance policies with the average cost of flood insurance in Oregon being $888, your premium average is around $670.35. And you are paying FEMA a total of $479,971.


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COST OF FLOOD INSURANCE IN SALEM, OREGON

Salem Oregon with 981 flood policies and paying a total of $1,174,909 in coverage.

The average is coming to $1,197 if you are paying more and have never had a flood loss then let’s look at the private flood market for your flood policy.

If you are in an area where flood insurance isn’t required you should consult a flood insurance professional to talk about the potential risk of flooding considering the history of the area I would hate for you to be unprepared and uncovered in the event that water comes into your beloved home.


COST OF FLOOD INSURANCE IN MULTNOMAH COUNTY, OREGON

Multnomah County Oregon you have 147 active flood insurance policies for the total premium being $107,103 bringing your average premium to $770.

COST OF FLOOD INSURANCE IN DALLAS CITY, OREGON

COST OF FLOOD INSURANCE IN POLK COUNTY, OREGON

Dallas City Oregon and Polk County Oregon. Collectively you have 278 active flood insurance policies and are paying to the total of $237,826 this makes the average flood insurance policy cost in Snohomish county Washington about $855.49


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COST OF FLOOD INSURANCE IN TILLAMOOK COUNTY, OREGON

COST OF FLOOD INSURANCE IN MANZANITA, OREGON

COST OF FLOOD INSURANCE IN ROCKAWAY BEACH, OREGON

COST OF FLOOD INSURANCE IN TILLAMOOK, OREGON

Tillamook County, Oregon with Manzanita, Rockaway Beach, Tillamook Oregon combined you have 2,013 Flood policies, paying the total of $1,559,443. Your average flood insurance cost is $744.68.


COST OF FLOOD INSURANCE IN BEAVERTON, OREGON

Beaverton, Oregon, you have 279 NFIP flood policies $389,533 is what you are paying total. Bringing the average flood policy in this area to $1,396

COST OF FLOOD INSURANCE IN TIGARD, OREGON

COST OF FLOOD INSURANCE IN WASHINGTON COUNTY, OREGON

Tigard Oregon and Washington County your average is flood insurance cost is $979.40. With 941 FEMA flood policies and paying the total of $921,615


COST OF FLOOD INSURANCE IN SHERIDAN, OREGON

Sheridan, Oregon, you have 311 NFIP flood policies $342,879 is what you are paying total. Bringing the average flood policy in this area to $1,102.50


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Yes please shop my flood insurance.

 



For decades, the NFIP has over-charged 50 percent of its policyholders and under-charged the other 50 percent, while it has racked up $42 billion in taxpayer-funded losses, equating to more than half of every claim paid by the NFIP since 1978.

About 30 percent of NFIP claims payments go to the same 3 percent of insured “repetitive loss” structures year after year. When you do the math, this means that the other 97 percent of their flood-exposed constituents could have paid in less and still netted larger claims payouts if they had better access to private flood insurance. In fact, a recent white paper by Milliman found that 90 percent of homes in Sandy-struck New York and New Jersey would see reduced flood insurance rates through private insurers.

Flood Insurance Calculator


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ROBERT MURPHY
Robert Murphy is the Founder of Better Flood Insurance a nationwide Flood Insurance Agency. He is a flood nerd, is passionate about education around the need for Flood Insurance.
We shop all options to make sure we are getting our clients the best coverage at the best price.



References

the following documents contain additional hydrologic data, flood photos, historic flood descriptions, floodplain delineations and other pertinent information, and should be considered supplemental to this flood warning plan:
https://bsa.nfipstat.fema.gov/reports/1011.htm#COT
https://www.fema.gov/average-claim-payments-date-loss
https://www.fema.gov/national-flood-insurance-program
https://www.fema.gov/media-library-data/1486576697135-ac6348fb2a3d98ceba33cf3f38422dbc/Claim_Loss_Counts_Sept2016.pdf
https://www.fema.gov/media-library-data/1458666638945-d752cb148ef1348b4b1c22acec66a0bd/Claim_loss_count2015.pdf
https://www.fema.gov/media-library-data/1393877884619-3091f75bf9d46a26f5beb7d423c34529/Total_Claim_Count_fy2013.pdf
https://www.census.gov/popest/topics/terms/
https://www.oregon.gov/das/OEA/Documents/oregon.pdf
Flood Insurance | Clackamas County
Flood Insurance – City of Salem
http://www.oregonfloodinsurance.org/