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.
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.
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 |
|---|---|---|---|
Overall | $81 | 4.8 out of 5 | |
Bundling home and auto | $82 | 4.5 out of 5 | |
Cheap rates | $64 | 4.5 out of 5 | |
Coverage options | $80 | 4.5 out of 5 | |
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.
Best overall home insurance in Oregon: State Farm
2023 Policygenius award winner
State Farm
4.8
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Offers earthquake insurance
Wind/hail deductible
Offers wildfire insurance
Why we chose it
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 cons
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 details
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
2023 Policygenius award winner
Farmers
4.5
Offers extended replacement cost
Bundle home & auto
Smart home discounts
Why we chose it
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 cons
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 details
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
2023 Policygenius award winner
American Family
4.6
Offers extended replacement cost
Offers flood insurance
Bundle home & auto
Why we chose it
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 cons
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 details
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
2023 Policygenius award winner
Nationwide
4.5
Bundle home & auto
Mobile app
New homebuyer discount
Offers extended replacement cost
Why we chose it
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 cons
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 details
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
2023 Policygenius award winner
Allstate
4.5
Bundle home & auto
Smart home discounts
Why we chose it
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 cons
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 details
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% |
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 |
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 |
$674 | |
$728 | |
California Casualty | $744 |
$772 | |
Oregon Mutual | $825 |
$922 | |
$960 | |
$966 | |
$980 | |
$1,080 | |
$1,285 | |
$1,589 |
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 |
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 |
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 |
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?
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.
