Homeowners Insurance in Oregon

On average, your neighbors pay $85 a month.

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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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