Best homeowners insurance in Oregon for 2022

Pat Howard 1600

By 

Pat Howard

Pat Howard

Senior Editor & Licensed Home Insurance Expert

Pat Howard is a senior editor and licensed home insurance agent at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

Updated

Policygenius content follows strict guidelines for editorial accuracy and integrity. Learn about our editorial standards and how we make money.

For people who like to adventure outside and don't mind rainy days, Oregon is a great place to buy a house and plant some roots. But those natural wonders and heavy rainfall come with potential risks to homes, which is why it's so important to protect your home with a high-quality homeowners insurance policy. 

The average cost of homeowners insurance in Oregon is $943 per year or $79 a month. This is about 50% cheaper than the national average of $1,899 per year. 

Ready to shop home insurance?

Start calculator

But there are other factors you should consider when choosing an insurer. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Oregon.  

Best homeowners insurance companies in Oregon

Of the companies we evaluated, American Family has the lowest rate, with an average annual policy cost of just $772 per year — that's almost $200 less than the already low state average. State Farm also offers great coverage options at a reasonable $966 per year, just $200 more than American Family and on par with the state average. 

Policygenius analyzed thousands of quotes from the 5 largest Oregon insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Oregon residents to find the best homeowners insurance in Oregon.

Company

Average yearly cost

J.D. Power Rating

State Farm

$966

835

Farmers

$980

813

USAA

$1,086

882

Allstate

$1,299

829

American Family

$772

831

State Farm

State Farm logo

There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.

Pros

  • Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage

  • Get up to $1 million in personal liability coverage

  • Score discounts for bundling, installing security devices, and choosing a high deductible

  • File and track claims online, over the phone, in person, or through its mobile app

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers or going a year without a claim

Why State Farm tops our best list

State Farm’s score of 835 out of 1,000 was the highest of any company in J.D. Power’s 2021 home insurance study. State Farm combines an impeccable experience for its customer with a slew of coverage options for a range of protection and budget needs. State Farm also offers several coverage add-ons that Oregon residents should find useful, including water backup coverage and equipment breakdown protection — two coverages that are essential for homes with older plumbing systems or appliances. 

How to get a quote

Online through State Farm

Farmers

Farmers logo

Farmers is one of the largest and most reputable home insurance providers in the industry, offering special discounts for teachers, nurses, first responders, and non-smokers — plus the option to rebuild your home with green materials after a claim.

Pros

  • Several discounts and unique ways to save, including claim forgiveness and declining deductibles

  • 3 flexible coverage packages with varying levels of protection for most coverage and budget needs

  • Offers extended and guaranteed replacement cost coverage options

  • File claims online, via text, on its mobile app, or by calling its claims center

Cons

  • Rates are typically more expensive

  • Below-average customer satisfaction ratings

  • No repair network to help you find a certified contractor or repair professional after filing a claim

Why Farmers tops our best list

Farmers offers 3 flexible coverage packages that can be customized to meet the coverage and budgets needs of most people. Couple that with extensive discount options — including affinity discounts for teachers, nurses, and fire responders — and Farmers is a great home insurance option for most Oregon residents. 

How to get a quote

Online through Farmers

USAA

USAA logo

USAA's robust coverages and high marks for customer service and claims satisfaction make it a solid home insurance option for military members and their families.

Pros

  • Score discounts for zero claims, being a loyal USAA member, opting into e-billing, and more

  • Base policy includes coverages that cost extra with most other companies

  • Offers earthquake coverage — which is hard to come by

  • Get discounted home security systems and a discount on premiums through its partnership with ADT

  • Industry-best customer service and claims satisfaction ratings

Cons

  • Only available to military families

  • Doesn’t offer extended or guaranteed replacement cost dwelling coverage

Why USAA tops our best list

USAA is exclusive to U.S. military members and their families, but if you find yourself in that category, then USAA might just be the perfect fit. USAA offers great home insurance coverage options at affordable rates. Plus, it has a long list of available discounts to make those monthly premiums even more affordable. 

How to get a quote

Online through USAA

Allstate

Allstate logo

Allstate's mix of exceptional customer satisfaction ratings, personalized coverage options, and numerous discount opportunities make it one of the most popular homeowners insurance companies on the market.

Pros

  • Several coverage add-ons, including ones for roof surfaces, water backup, green improvements, and mold protection

  • 8+ discounts, including autopay, bundling, zero claims, and new homebuyer

  • Get up to 25% off your premiums when you bundle home and auto insurance

  • Excellent customer service and claims satisfaction ratings

  • File and track claims online or through its mobile app

Cons

  • Rates are typically high compared to competitors

Why Allstate tops our best list

Allstate offers some of the best discount and bundle options to help you save even more only on your homeowners policy. On top of those savings, Allstate offers many useful coverage add-ons, like mold and water backup protection. 

How to get a quote

Online through Policygenius or Allstate

American Family

American Family logo

American Family's status as the 7th largest home insurance provider in the U.S. speaks to its popularity and reputation. Our fave perk? Its diminishing deductible program that lets you earn credits for every year you go without filing a claim.

Pros

  • Unique coverage add-ons, like matching siding insurance and hidden water damage coverage

  • Save up to 20% on home insurance and 29% on auto insurance for bundling the policies together

  • Earn a $100 credit toward your deductible for ever year you go without filing a claim

  • File claims online or on its mobile app — with 24/7 claims support

Cons

  • Doesn't offer extended or guaranteed replacement cost coverage

  • Above-average customer complaints according to the NAIC

Why American Family tops our best list

We also love American Family’s “declining deductibles” feature, which deducts $100 from your deductible each year you go without filing a claim. To save even more, American Family offers substantial savings for customers who bundle their home and auto insurance. 

How to get a quote

Online through Policygenius or American Family

Cheapest homeowners insurance companies by city in Oregon

Looking at average home insurance costs for the 15 most popular insurers in Oregon, we found that the cheapest homeowners insurance companies in the state are American Family and Auto-Owners Insurance. The most well-known cities in Oregon — like Portland and Eugene — tend to have lower average premiums.

Home insurance costs in Oregon can and do vary depending on where in the state you live. Cities with higher populations or crime rates will likely have higher than average home insurance rates. Your rates can be higher if you live in a larger or more expensive home as well. Even with these factors, there are often many affordable options available in each city, as seen in the table below. 

City

Company

Average yearly cost

Adams

Auto-Owners Insurance

$708

Adel

Auto-Owners Insurance

$670

Adrian

Auto-Owners Insurance

$756

Agness

American Family

$798

Albany

Auto-Owners Insurance

$540

Allegany

American Family

$739

Aloha

Auto-Owners Insurance

$510

Alsea

American Family

$720

Ready to shop home insurance?

Start calculator

Shopping for homeowners insurance in Oregon

Finding the right homeowners insurance is more than just searching for the cheapest rates and choosing the first policy you find. You want to make sure you have the right coverage for your specific home and area.  

In this section, we break down the average annual home insurance rates in Oregon for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies in the state for individuals with a poor credit score, dog owners, and pool owners. Once you’re ready to shop, a Policygenius expert can help you navigate your coverage needs and help you find the best deal on homeowners insurance in Oregon.

Oregon home insurance costs by coverage amounts

Dwelling coverage protects your house from covered losses, such as fire or tornado. This means your coverage is calculated based on things like construction costs in your ZIP code and your home’s square footage, not the amount it would go for on the open market.  

In general, more dwelling coverage means higher homeowners insurance rates. As shown in the table below, Oregon residents can see the biggest rate jump between the $400,000 and $500,000 coverage range. 

Dwelling coverage amount

Average yearly cost

$100,000

$529

$200,000

$736

$300,000

$943

$400,000

$1,181

$500,000

$1,435

Another part of every homeowners insurance policy is liability coverage. This is the section of your homeowners insurance policy that pays for injuries or property damage for which you’re legally responsible. Your liability coverage limit should be based on the total value of your assets, like your home, vehicles, and liquid assets. 

The table below shows the relationship between liability coverage amounts and average yearly costs. Unlike dwelling coverage, more coverage doesn't necessarily mean higher costs. High liability coverage limits can be added to any policy for a great value. 

Liability coverage amount

Average yearly cost

$100,000

$910

$200,000

$1,028

$300,000

$943

$400,000

$713

$500,000

$991

Oregon home insurance costs by deductible amount

Your homeowners insurance deductible is the amount you’re responsible for paying on each home insurance claim. Higher policy deductibles mean lower premiums, and vice versa.

As seen in the table below, Oregon residents can save around $100 on home insurance by choosing a $1,000 deductible over the $2,000 option.

Deductible amount

Average yearly cost

$500

$1,032

$1,000

$943

$2,000

$1,030

Home insurance discounts in Oregon

A good way to lower your monthly rates is by asking about available home insurance discounts. Many insurance providers will apply discounts to your policy if your house has certain home safety and security features, like deadbolts, smoke alarms, and burglar alarms. 

While you won’t get a huge discount if your house has one of the following features and nothing else, they can add up if you have several protective devices in your home. Here is the average annual rate and average discount percentage for homes in Oregon with deadbolts, smoke alarms, or burglar alarms. 

Discount

Average yearly cost

Dead bolt

$943

Smoke alarm

$943

Burglar alarm

$914

Home insurance companies in Oregon for dog owners

Insurance companies frequently categorize certain dog breeds as more dangerous due to the amount of dog bite liability claims that are filed. If you’re a dog owner, it’s important to research whether your dog is categorized as a higher risk breed or if it is covered at all — some companies deny coverage altogether for specific breeds. 

With an average rate of $782 per year, American Family has the cheapest home insurance rates in Oregon for a home with a dangerous dog breed, while Allstate’s average yearly premium of $1,299 is the highest. 

Company

Average yearly cost

American Family

$782

State Farm

$966

Farmers

$980

USAA

$1,086

Allstate

$1,299

Home insurance companies in Oregon for poor credit

Insurance companies view customers with lower credit scores as more likely to file smaller insurance claims, since they may not be in a financial position to pay for the cost of covered loss. Thus, a poor credit score often means higher insurance premiums.  

With an average rate of $1,239 per year, American Family has the cheapest home insurance rates in Oregon for a homeowner with poor credit, while Farmer’s average yearly premium of $2,421 is the highest. 

Company

Average yearly cost

American Family

$1,239

State Farm

$1,652

Allstate

$2,248

USAA

$2,416

Farmers

$2,421

Home insurance companies in Oregon for pool owners

Pool owners in Oregon may see higher home insurance rates as well. Backyard pools put homeowners at greater risk for liability claims, so insurers will often increase rates on pool owning customers to offset this risk.  

With an average rate of $780 per year, American Family has the cheapest home insurance rates for Oregon homes that have a swimming pool, while Allstate’s average yearly premium of $1,299 is the most expensive.

Company

Average yearly cost

American Family

$780

State Farm

$966

Farmers

$980

USAA

$1,086

Allstate

$1,299

How to buy homeowners insurance in Oregon

Here are a few steps to follow as you shop for homeowners insurance in Oregon.

  1. Reach out to a licensed Policygenius agent. Our team of license insurance experts are ready to help you find the right coverage at the right price without skimping on coverage.

  2. Ask about Oregon's FAIR plan coverage options. If you are at higher risk of hurricane or flood damage, ask your Policygenius agent about getting coverage through the Oregon FAIR Plan. 

  3. Consider purchasing flood insurance. Standard homeowners policies don't cover flooding, so Oregon residents of high-risk flood zones may want to consider additional flood insurance.  

  4. Figure out how much you can afford to pay for your deductible. You’ll want to figure out how much you’ll be able to afford to pay out of pocket every time you file a claim. This will help you choose the deductible amount that’s right for you.

  5. Compare quotes from a Policygenius agent. Once you’ve nailed down your coverage needs, limits, and deductibles, a Policygenius agent will walk you through quotes from a few different companies to help you find the best policy for your needs.

  6. Choose your policy, sign it, and pay your first premium. The only thing left to do is sign your policy and pay your first premium. Your Policygenius agent will complete all the paperwork for you and even cancel any existing policies. 

Ready to shop home insurance?

Start calculator

Frequently asked questions

What is the average cost of homeowners insurance in Oregon?

The average cost of homeowners insurance in Oregon is $79 per month or $943 per year.

How does home insurance in Oregon compare to the national average?

The average home insurance premium in Oregon is $943 per year. This is almost $1,000 lower than the national average at $1,899. The average cost of home insurance in each state is determined by things like weather and crime risks, as well as home values in each area.

How can I lower my homeowners insurance in Oregon?

You can lower your homeowners insurance in Oregon by taking advantage of discounts offered through your home insurance company. This might mean bundling your home and auto policies together for discounts, or adding security systems to your home.

Is it mandatory to have homeowners insurance in Oregon?

There are no state or local laws that require homeowners insurance in Oregon, but it is required by most mortgage lenders. Lenders have a financial stake in your property, and they want to make sure it's fully protected until it's paid off.

Methodology

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.