Best homeowners insurance companies in Oregon
Oregon's average home insurance rate of $1,023 per year is well below the national average. While price is sure to be a consideration when you're comparing home insurance quotes, you should pay attention to policy benefits and claim service history as well. We're here to help with that.
We looked at the average rates of home insurance providers in Oregon, along with their coverage options and customer satisfaction rankings.
This article will detail:
How much does home insurance cost in Oregon?
Oregon homeowners pay $1,023 a year on average for standard homeowners insurance, which is considerably lower than the U.S. average.
| Region | Average annual rate | Average monthly rate |
|---|---|---|
|
Oregon |
$1,023 |
$85 |
|
U.S. |
$1,735 |
$144 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
If you want to lower your annual premium, you can increase your deductible. Increasing your deductible from $500 to $2,000 will drop your annual premium by 14%.
| Deductible | Average annual premium |
|---|---|
|
$500 |
$1,088 |
|
$1,000 |
$1,023 |
|
$1,500 |
$977 |
|
$2,000 |
$935 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Your annual premium will also vary by the amount of dwelling coverage you have. Listed below are average home insurance rates for different dwelling coverages.
| Dwelling coverage | Average annual premium |
|---|---|
|
$200,000 |
$871 |
|
$275,000 |
$1,023 |
|
$350,000 |
$1,195 |
|
$425,000 |
$1,400 |
|
$500,000 |
$1,615 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance companies in Oregon
Mutual of Enumclaw has the cheapest homeowners insurance rates in Oregon, at $364 a year, while Country Financial has the most expensive rates of the companies we surveyed.
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
If you're interested in seeing how these home insurance companies compare in all 50 states, read our study on the best homeowners insurance companies.
Mutual of Enumclaw: cheapest rates
Mutual of Enumclaw's average home insurance rate in Oregon is $364 annually. This is $659 cheaper than Oregon's average home insurance rate of $1,023.
If you also want your home insurance provider to be a local insurer based on the West Coast, Mutual of Enumclaw is a good choice. It offers wildfire protection and monitoring that's included in their home insurance coverage.
USAA: best claims satisfaction
While its average home insurance rate of $1,140 is higher than the Oregon average rate of $1,023, USAA consistently stands at the top of claims resolution and satisfaction. J.D. Power gave USAA a 882 out of 1,000 in its 2021 U.S. Home Insurance Study. The NAIC gave USAA a 0.73 rating on its Complaint Index based on 2020 data, which means USAA received fewer complaints than what was expected.
The main downside to USAA is that it only provides home insurance for military members and veterans, and their families. If you fall into those categories, however, its home insurance coverage is excellent. USAA provides military-specific coverage to its home insurance policyholders, such as coverage for military uniforms.
Allstate: best discounts
Allstate's average home insurance rate is $1,288, which is higher than the state average. However, you may be able to reduce that cost further with the wide array of discounts Allstate provides.
One of the more impressive discounts it offers is its bundling discount. By bundling your home insurance with an auto policy, you can save up to 25% on your premiums. The average bundling discount tends to run about 15%, making this discount exceptional. Other discounts Allstate provides include:
- Save 10% off your home insurance premium just for switching to Allstate.
- If you switch at least seven days before your current home insurance policy expires, you may save another 10%.
State Farm: best coverage for dog owners
According to a survey from Safewise, Oregon is one of the most dog-friendly states in the country. However, some home insurers view certain dog breeds as high risk, no matter how wonderful your individual dog might be. State Farm is different and does not ask what breed of dog you own when writing the policy. The company does not ask what kind of breed a homeowner has when issuing an insurance policy.
State Farm is a popular home insurance provider in Oregon. Although it has one of the higher average home insurance rates in the state, at $1,034, State Farm has great customer reviews. J.D. Power gave it an above-average 835 rating (out of 1,000) in its 2021 U.S. Home Insurance Study.
Oregon home insurance rates by city
Homeowners insurance rates across Oregon cities stay within a tight range. Hillsboro has the lowest average annual rate of $900, while Bend has the highest, at $1,007.
| City | Average annual premium |
|---|---|
|
Portland |
$930 |
|
Salem |
$968 |
|
Eugene |
$935 |
|
Hillsboro |
$900 |
|
Gresham |
$946 |
|
Bend |
$1,007 |
|
Beaverton |
$920 |
|
Medford |
$981 |
|
Springfield |
$957 |
|
Corvallis |
$909 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Oregon home insurance rates by county
Oregon's most populous county, Multnomah, has an average rate of $942 a year — $81 lower than the state average.
| County | Average annual premium |
|---|---|
|
Multnomah |
$942 |
|
Washington |
$921 |
|
Clackamas |
$973 |
|
Lane |
$993 |
|
Marion |
$976 |
|
Jackson |
$1,027 |
|
Deschutes |
$1,030 |
|
Linn |
$1,005 |
|
Douglas |
$998 |
|
Yamhill |
$988 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Methodology
We collected quotes from every ZIP code in Oregon for a standard HO-3 homeowners insurance policy. We used the following coverages for the average rate:
- $275,000 dwelling, unless otherwise noted
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible, unless otherwise noted
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