We looked at policy cost, coverage quality, and unique policy offerings for Oregon residents to find the best homeowners insurance companies in Oregon.
By
Pat HowardPat HowardManaging Editor & Licensed Home Insurance ExpertPat Howard is a managing editor and licensed home insurance expert 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.
Expert reviewedExpert reviewedThis article has been reviewed by a licensed Policygenius expert to ensure that sources, statistics, and claims meet our standard for accurate and unbiased advice.Learn more about oureditorial review process.
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.
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.
UPDATE: Home insurance premiums up 15.4% in Oregon
Home insurance premiums in Oregon increased 15.4% from May 2021 to May 2022, according to our latest analysis of internal policyholder data. This is due to a mix of rising inflation, labor shortages, and severe wildfires that have plagued the state in recent years.
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
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
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 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
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'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
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'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
File and track claims online or through its mobile app
Cons
Lower-than-average claim satisfaction and digital experience ratings from J.D. Power
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'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
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.
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.
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.
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.
Consider purchasing earthquake or flood insurance. Standard homeowners insurance policies don't cover damage caused by earthquakes or flooding. Homeowners in Oregon may want to purchase earthquake insurance or flood insurance if they live in areas prone to these natural disasters.
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.
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.
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.
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.
Pat Howard is a managing editor and licensed home insurance expert 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.
