Best homeowners insurance in Oregon (2024)

We looked at average costs, customer service ratings, and policy options from multiple top insurers to find the best and cheapest home insurance companies in Oregon.

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By

Andrew HurstSenior Editor & Licensed Auto Insurance ExpertAndrew Hurst is a senior editor at Policygenius who has spent his entire career writing about life, disability, home, auto, and health insurance. His work has been featured in The New York Times, The Wall Street Journal, the Washington Post, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, and Property Casualty 360.

Edited by

Jennifer GimbelJennifer GimbelSenior Managing Editor & Home Insurance ExpertJennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.
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Reviewed by

Michael Reynolds, CSRIC®, AIF®, CFT-I™Michael Reynolds, CSRIC®, AIF®, CFT-I™Financial AdvisorMichael Reynolds, CSRIC®, AIF®, CFT-I™, is a financial advisor, principal and founder of Elevation Financial, host of the weekly personal finance podcast Wealth Redefined®, and a member of the Financial Review Council at Policygenius.

Updated|4 min read

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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 $869 per year or $72 a month — about 50% cheaper than the national average of $1,754 per year. 

Compare home insurance rates in Oregon

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.

Home

UPDATE: Home insurance premiums up 20% in Oregon

Home insurance premiums in Oregon increased 20% from May 2022 to May 2023, according to our latest analysis of internal policyholder data. This is due to a mix of sustained inflation, labor shortages, rising construction costs, and severe wildfires that have plagued the state in recent years.

You can find all of the details in our 2023 Policygenius Home Insurance Pricing Report

Compare the best homeowners insurance companies in Oregon

Based on our analysis of the most widely available insurance companies in the Beaver State, State Farm, Farmers, American Family, Nationwide, and Allstate are the best homeowners insurance companies in Oregon.

We found the best homeowners insurance companies in Oregon by analyzing quotes from all the state's ZIP codes. We also looked at J.D. Power customer satisfaction scores, the NAIC's complaint index, and coverage offered by insurers to find the best homeowners insurance in the state.

Company

Best for...

Average monthly cost

Policygenius rating

State Farm

Overall

$81

4.8 out of 5

Farmers

Bundling home and auto

$82

4.5 out of 5

American Family

Cheap rates

$64

4.5 out of 5

Nationwide

Coverage options

$80

4.5 out of 5

Allstate

Short-term rental owners

$107

4.4 out of 5

Methodology & why you can trust our rates

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.

Compare home insurance rates in Oregon

Best overall home insurance in Oregon: State Farm

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2024 Policygenius award winner

State Farm

State Farm logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

Offers flood insurance

Offers earthquake insurance

Wind/hail deductible

Offers wildfire insurance

Why we chose itchevron icon

State Farm is the best home insurance company in Oregon thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.

Pros and conschevron icon

Pros

  • Top-tier coverage add-ons, including extended replacement cost coverage

  • High customer satisfaction and financial strength ratings

  • Offers large discounts when you bundle your home and auto insurance

Cons

  • 20% more complaints filed with the NAIC than other companies of its size

  • No discounts for first-time homebuyers

  • Rates are more expensive than average in Oregon

More detailschevron icon

Why we chose State Farm

State Farm is the best home insurance company in Oregon. One of the reasons why we picked State Farm is because of its coverage options. State Farm lets homeowners get extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, and much more.

State Farm's customer service is top-rated, too. The company has received high ratings from policyholders according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. It has also received the highest rating possible from A.M. Best for financial strength and stability.

In Oregon, State Farm's rates are higher than average. The company doesn't offer as many discounts as other insurers in the state, but if you're planning to bundle home and auto insurance with State Farm, you may receive a large discount.

How do State Farm home insurance rates compare to the Oregon average?

The average cost of home insurance from State Farm in Oregon is $966 per year, which is 11% more expensive than the statewide average.

How to get a quote

Online through State Farm or by contacting your local State Farm agent.

Best home insurance for bundling: Farmers

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2024 Policygenius award winner

Farmers

Farmers Insurance logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers extended replacement cost

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Farmers is the best home insurance company in Oregon for homeowners who want to bundle their coverage. Besides a large bundling discount, Farmers also has a range of coverage add-ons, discounts, and high claims satisfaction scores.

Pros and conschevron icon

Pros

  • Offers an 18% discount for bundling home and auto insurance

  • Receives few complaints from policyholders and has a high claims satisfaction score

  • Optional extended or guaranteed replacement cost dwelling coverage

Cons

  • Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys

  • Higher rates than average in Oregon

More detailschevron icon

Why we chose Farmers

Farmers is the best homeowners insurance company in Oregon if you want to bundle your insurance with another policy, especially your auto insurance. Farmers offers an 18% discount for bundlers.

Farmers also offers a range of coverages that you can add to a basic policy, including guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.

Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it was below-average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.

How do Farmers home insurance rates compare to the average in Oregon?

The average cost of Farmers home insurance in Oregon is $980 per year, which is just 11% more expensive than the state's average annual premium of $869 per year.

How to get a quote

Online through Farmers

Best home insurance for cheap rates: American Family

award icon

2024 Policygenius award winner

American Family

American Family home insurance

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.6

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers extended replacement cost

Offers flood insurance

Bundle home & auto

Why we chose itchevron icon

American Family is one of the cheapest home insurance companies in Oregon. It also has industry-best coverage options, high customer service ratings, and several discounts to complement its already affordable rates.

Pros and conschevron icon

Pros

  • Cheaper rates than average

  • High customer satisfaction and digital shopping satisfaction scores with J.D. Power

  • Several one-of-its-kind coverage endorsements and policy perks

Cons

  • Requires you to work with an agent to purchase a policy

More detailschevron icon

Why we chose American Family

On average, American Family has some of the most affordable rates of any large home insurance company in Oregon. AmFam's wide range of discounts (many of which may be easy to qualify for) can make your premiums even cheaper.

American Family offers lots of additional coverage options that you can choose to add to your home insurance policy, too. You can customize your policy with up to 15 additional coverage options — including inland flood, equipment breakdown, and service line coverage.

How do American Family home insurance rates compare to the Oregon average?

The average annual cost of American Family home insurance in Oregon is $772 per year, which is about about 11% cheaper than the statewide average.

How to get a quote

Online with American Family or by contacting a local agent

Best home insurance for coverage options: Nationwide

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2024 Policygenius award winner

Nationwide

Nationwide logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Mobile app

New homebuyer discount

Offers extended replacement cost

Why we chose itchevron icon

Nationwide is the best homeowners insurance company in Oregon for people who want complete coverage. You can strengthen a basic Nationwide policy with the company's range of coverage add-ons. Nationwide also has high claims satisfaction ratings.

Pros and conschevron icon

Pros

  • Multiple high-quality coverage options

  • Highly rated for claims satisfaction by J.D. Power

Cons

  • Below-average customer satisfaction and digital experience ratings

  • More expensive than average in Oregon

More detailschevron icon

Why we chose Nationwide

Nationwide is the best homeowners insurance company for those who can take advantage of its large selection of coverage options. These include guaranteed and extended replacement cost coverage, better roof replacement, new belongings coverage, water backup protection, and equipment breakdown coverage.

Nationwide has also received high ratings from J.D. Power for claims satisfaction, and it ranks fifth on J.D. Power's Property Claims Satisfaction Study from 2022. The company also receives far fewer complaints than other insurers, according to the National Association of Insurance Commissioners.

Although we found that Nationwide's rates are slightly more expensive than average in Oregon, you might be able to lower your premiums with the company's discounts. These include discounts for bundling, renovating your home, buying a new home, and others.

How do Nationwide home insurance rates compare to the Oregon average?

The average cost of Nationwide home insurance in Oregon is $960 per year, which is 10% more expensive than the annual statewide average of $869.

How to get a quote

Online through Policygenius or Nationwide

Best home insurance for short-term rental owners: Allstate

award icon

2024 Policygenius award winner

Allstate

Allstate logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Airbnb hosts in Oregon may like Allstate thanks to HostAdvantage — its affordable short-term rental coverage that can be easily added to any policy. Whether you’re looking for basic or comprehensive home insurance coverage, Allstate is a standout option.

Pros and conschevron icon

Pros

  • Offers HostAdvantage for short-term rental coverage

  • Offers water backup protection, other endorsements

Cons

  • Beginning to pull back coverage in high-risk areas

  • Customer experience scores with J.D. Power are below the segment average

  • Rates are much more expensive than average in Oregon

More detailschevron icon

Why we chose Allstate

If you're looking to cover your short-term rental, Allstate's HostAdvantage makes it our top pick for homeowners insurance in Oregon. HostAdvantage comes with theft protection, coverage for your damaged property ($10,000 per host period), and a $25 discount on cleaning services from Merry Maids.

Allstate also offers a few coverages that you can add to your home insurance policy for more protection. This includes water backup protection, scheduled personal property coverage, and identity theft restoration coverage.

How do Allstate home insurance rates compare to the Oregon average?

The annual average cost of Allstate home insurance in Oregon is $1,285 per year, 48% more expensive than the statewide average.

How to get a quote

Online through Policygenius or Allstate, or by contacting a local Allstate agent.

How much is homeowners insurance in Oregon?

The average cost of homeowners insurance in Oregon is $869 per year, or $72 a month, for an insurance policy with $300,000 in dwelling coverage. This means that the cost of insurance in Oregon is half as expensive as the national average cost of coverage — which is $1,754 per year.

Oregon homeowners insurance rates by city

We calculated the cost of home insurance in Oregon's largest cities and found that Beaverton, Hillsboro, and Tualatin are the cheapest big cities for homeowners insurance in the state. Bend and Grants Pass are the most expensive.

Here’s a look at the average cost of home insurance in the 20 largest cities in Oregon.

City

Average monthly cost

Average annual cost

Difference from state average (%)

Portland

$67

$801

-8%

Eugene

$63

$757

-13%

Salem

$66

$787

-9%

Gresham

$65

$779

-10%

Hillsboro

$60

$714

-18%

Bend

$72

$868

0%

Beaverton

$60

$724

-17%

Medford

$66

$790

-9%

Springfield

$67

$806

-7%

Corvallis

$69

$823

-5%

Albany

$68

$812

-7%

Tigard

$61

$728

-16%

Lake Oswego

$61

$731

-16%

Grants Pass

$72

$863

-1%

Keizer

$64

$770

-11%

Oregon City

$66

$793

-9%

Redmond

$71

$846

-3%

McMinnville

$68

$812

-7%

Tualatin

$60

$723

-17%

Woodburn

$64

$768

-12%

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Oregon homeowners insurance rates by coverage amount

The table below highlights the average annual premium in Oregon for five different levels of dwelling coverage, which is the part of your policy that covers structural damage to your home.

Generally speaking, more dwelling coverage means higher homeowners insurance rates, as shown in the table below.

Dwelling coverage limit

Average annual cost

$100,000

$489

$200,000

$682

$300,000

$869

$400,000

$1,089

$500,000

$1,324

Compare home insurance rates in Oregon

Cheapest homeowners insurance companies in Oregon

We found that the absolute cheapest homeowners insurance companies in Oregon are Mutual of Enumclaw, Auto-Owners, Grange Insurance, California Casualty, and American Family. The company that has the cheapest rates for you depends on where you live and other factors to do with your home and insurance record.

Company

Average annual cost

Mutual of Enumclaw Insurance

$431

Auto-Owners Insurance

$674

Grange Insurance

$728

California Casualty

$744

American Family

$772

Oregon Mutual

$825

Foremost

$922

Nationwide

$960

State Farm

$966

Farmers

$980

USAA

$1,080

Allstate

$1,285

Country Financial

$1,589

Collapse table

Cheapest Oregon homeowners insurance if you have poor credit

Your credit score can impact your home insurance rates. Insurance providers view homeowners with poor credit scores as more likely to make future claims, so these policyholders will often be charged expensive rates as a result.  

With an average rate of $643 per year, Mutual of Enumclaw has the cheapest home insurance rates in Oregon for homeowners with poor credit, while COUNTRY Financial is the most expensive company for homeowners with poor credit.

Company

Average annual cost

Mutual of Enumclaw Insurance

$643

Auto-Owners Insurance

$1,079

Grange Insurance

$1,111

California Casualty

$1,182

American Family

$1,239

Nationwide

$1,345

Oregon Mutual

$1,351

Foremost

$1,523

State Farm

$1,652

Allstate

$2,248

USAA

$2,416

Farmers

$2,421

Country Financial

$2,711

Collapse table

Cheapest Oregon homeowners insurance if you have an older home

It can be more expensive to insure older homes than newer builds. This is because older homes are more prone to structural damage than newer homes. They're also often constructed with materials and features that would be more expensive to replace after a claim.

With an average annual premium of $497, Mutual of Enumclaw has the cheapest home insurance rates in Oregon for an older home.

Company

Average annual cost

Mutual of Enumclaw Insurance

$497

Auto-Owners Insurance

$685

Grange Insurance

$728

California Casualty

$756

American Family

$825

Oregon Mutual

$832

Foremost

$930

State Farm

$969

Farmers

$1,051

Nationwide

$1,129

USAA

$1,133

Allstate

$1,338

Country Financial

$1,873

Collapse table

Cheapest Oregon homeowners insurance if you have a history of claims

If you have a history of claims, it's likely that your rates will be expensive. If you have multiple claims on your record, insurers will think you're more likely to file future claims than a homeowner without any past claims.

With an average annual premium of $578, Mutual of Enumclaw offers the cheapest home insurance rates in Oregon for a homeowner that's filed three claims within a five-year period, while Foremost is the most expensive.

Company

Average annual cost

Mutual of Enumclaw Insurance

$578

Grange Insurance

$728

State Farm

$1,000

California Casualty

$1,261

USAA

$1,325

Auto-Owners Insurance

$1,363

Farmers

$1,393

American Family

$1,621

Oregon Mutual

$1,800

Nationwide

$1,990

Allstate

$2,656

Country Financial

$2,958

Foremost

$3,991

Collapse table

Coverage options in Oregon

When looking at how much each insurance company charges for different coverage levels and risks, you should also be aware of what your policy does and doesn’t cover.

Before you buy homeowners insurance in Oregon you should be sure you're protected against the state's potential floods and earthquakes.

Flood insurance

Flood damage isn't covered by normal home insurance policies. Neither is damage caused by mudslides. If you live somewhere in Oregon that's prone to flooding or mudslides, you should consider flood insurance to protect your property from a total loss.

Oregon homeowners can compare the best private flood insurance companies with Policygenius, or choose a policy through a government entity like the National Flood Insurance Program (NFIP).

Earthquake insurance

Earthquakes can occur in Oregon, but if your home is damaged by a quake your policy won't cover it. Home insurance policies don't cover damages caused by "movements of the earth," including earthquakes and landslides.

While it's not very likely that your home will be destroyed by an earthquake, you might consider difference in conditions insurance (DIC) or an earthquake insurance policy if you live somewhere in Oregon where earthquakes and landslides are more common.

But beware, the cost of earthquake insurance can be high: potentially thousands of dollars more per year on top of your regular premiums.

Learn more >> What is earthquake insurance & is it worth the cost?

Compare home insurance rates in Oregon

Frequently asked questions

What is the average cost of homeowners insurance in Oregon?

The average cost of homeowners insurance in Oregon is $72 per month or $869 per year.

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

The average home insurance premium in Oregon is $869 per year. This more than $1,000 cheaper than the national average at $1,754. 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.

Author

Andrew Hurst is a senior editor at Policygenius who has spent his entire career writing about life, disability, home, auto, and health insurance. His work has been featured in The New York Times, The Wall Street Journal, the Washington Post, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, and Property Casualty 360.

Editor

Jennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.

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