Best homeowners insurance companies in Oregon
Oregon's average home insurance rates are well below the national average While the price is definitely going to be a consideration when you're comparing home insurance quotes, policy benefits and claim service history are factors you should pay attention to 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. These are the best home insurers we found:
Farmers: cheapest home insurance rates
Farmers' average home insurance rate in Oregon is $485 annually. This is $178 under Oregon's average home insurance rate of $663.
On top of low home insurance rates, Farmers also maintains consistent claims service and satisfaction. J.D. Power ranked it 11th for overall satisfaction in its 2019 home insurance survey, and the National Association of Insurance Commissioners (NAIC) gave Farmers a 0.30 rating on its Complaint Index. Simply put, the lower an insurer's Complaint Index, the better. Farmers comes in well under the Oregon average Complaint Index of 0.43 and the national average of 1.00.
Below is a graph showing how Farmers' average home insurance rates compare in Oregon's largest cities:
USAA: best claims satisfaction
While its average home insurance rate of $728 is above the Oregon average rate of $663, USAA consistently stands at the top of claims resolution and satisfaction. J.D. Power gave USAA a rare 5/5 rating in its 2019 home insurance survey, and the NAIC gave it a 0.31 rating on its Complaint Index, below the state and national average indexes.
The only real downside to USAA is that it only provides home insurance for military members and veterans, and their families. If you do fall into those categories, however, its home insurance coverage is excellent. USAA provides military-specific coverage to its home insurance policyholders. This includes coverage for military uniforms and coverage if you are living in a warzone. Damages to dwelling and personal property are consistently excluded from other insurers' home insurance policies, so it's quite valuable.
Allstate: best home insurance discounts
Allstate's average home insurance rate is $645, coming in just under the state average of $663. While this is a good rate, you may be able to reduce it 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 or life insurance policy, you can save up to 25% on your premiums. The average bundling discount tends to run about 15% at best, 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%.
- Homeowners who are 55 and retired may qualify for a discount.
State Farm: best coverage for dog owners
According to a survey from Safewise, Oregon is the most dog-friendly state 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 with its "It's not the breed, it's the bite" policy. This means your dog's particular breed will not affect your homeowners insurance rates.
State Farm is a popular home insurance provider in Oregon. Despite the fact that it has one of the higher average home insurance rates in the state at $807, it still maintains 22.1% of the home insurance market in Oregon. Furthermore, J.D. Power gave it an above-average 4/5 rating in its home insurance survey.
Cheapest home insurance companies in Oregon
With the exception of Oregon Mutual, the majority of the biggest home insurance providers in Oregon are household brands. Farmers has the lowest average homeowners insurance rate of $485 annually, while State Farm has the highest at $807.
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.
Oregon has an average homeowners insurance rate of $663. This is almost half the national average rate of $1,215. In order to find Oregon's average rate, we looked at 783 quotes from the seven largest home insurance providers currently underwriting there.
| Oregon | U.S. | |
|---|---|---|
| Average annual rate | $663 | $1,215 |
| Average monthly rate | $55 | $101 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
The biggest home insurance providers in Oregon are nationally known companies, with the exception of Oregon Mutual. Below is a table that shows how they compare in terms of market share, customer satisfaction and complaints:
| Company | Market share | Overall customer satisfaction* | NAIC Complaint Index (lower is better) |
|---|---|---|---|
| State Farm | 22.1% | 4/5 | 0.20 |
| Farmers | 6.3% | 3/5 | 0.37 |
| Allstate | 2.6% | 3/5 | 0.29 |
| USAA | 2.6% | 5/5 | 0.31 |
| American Family | 2.4% | 3/5 | 0.32 |
| Travelers | 1.8% | 2/5 | 0.30 |
| Oregon Mutual | 1.1% | - | 0.67 |
| *According to J.D. Power’s 2019 home insurance survey. | |||
Home insurance rates in Oregon by city
Homeowners insurance rates across Oregon cities stay within a tight range. Hillsboro has the lowest average annual rate of $581, while Bend has the highest at $637.
| City | Average annual rate |
|---|---|
| Beaverton | $600 |
| Bend | $637 |
| Corvallis | $606 |
| Eugene | $602 |
| Gresham | $619 |
| Hillsboro | $581 |
| Medford | $631 |
| Portland | $609 |
| Salem | $621 |
| Springfield | $609 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Methodology
QuoteWizard studied and compared 783 quotes from the seven top home insurance companies currently underwriting home insurance in Oregon. As a base profile, we used a home valued at $365,110 and constructed in 1980 (based on the median home value and build date).
The homeowners insurance policy we rated included standard coverage amounts based on $365,110 in dwelling coverage and a $1,000 deductible.
Sample home insurance coverage limits
- Dwelling coverage: $365,110
- Property coverage (50% of dwelling): $182,555
- Other structures coverage (10% of dwelling): $36,511
- Loss of use coverage (20% of dwelling): $73,022
- Liability coverage: $100,000
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