Mutual of Enumclaw, the cheapest home insurance company in Portland, offers an average premium of $339 a year. To help you get the best protection for your home at the cheapest rate, we studied the home insurance market in Portland, Oregon, and picked the best insurance companies.
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Cheapest home insurance companies in Portland
According to our study of the insurance market in Portland, Mutual of Enumclaw has the most affordable average rate for home insurance at $339 a year, followed by Nationwide at $646 a year.
| Company | Average annual premium |
|---|---|
| Allstate | $1,315 |
| American Family | $1,683 |
| Country Mutual | $1,234 |
| Farmers | $1,319 |
| Mutual of Enumclaw | $339 |
| Nationwide | $646 |
| State Farm | $922 |
| Travelers | $832 |
| USAA | $965 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
How much is home insurance in Portland?
The average annual cost of home insurance in Portland is $1,028, which is $77 less than Oregon's statewide average premium of $1,105.
If you want to lower your premium, you can change your deductible amount. Choosing a high deductible will lower your premium, and choosing a lower deductible will increase your premium.
| Deductible amount | Average annual premium |
|---|---|
| $500 | $1,104 |
| $1,000 | $1,028 |
| $1,500 | $981 |
| $2,000 | $935 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Best home insurance companies in Portland, OR
We researched multiple home insurance companies in Portland and picked the best companies based on price, customer satisfaction and coverages. The following insurers are at the top of our list:
- Best rates: Mutual of Enumclaw
- Best for customer service: State Farm
Best for price and wildfires
If you're looking for the most affordable home insurance in Portland, then we recommend looking at Mutual of Enumclaw. Mutual of Enumclaw has an average annual rate of $339, which is $689 cheaper than the state average. Mutual of Enumclaw is also a great choice if you prefer a local insurance company. It serves the country's West Coast and specializes in wildfire coverage. According to Move.org, Oregon has the second-highest number of wildfires in the U.S. At no additional charge, Mutual of Enumclaw's wildfire program can help protect and guard your property if there's a wildfire in your area.
Best for customer service
We recommend looking at home insurance companies' customer service scores so that when the time comes to make a claim, you can rely on your insurance provider. To compare customer service scores between home insurance companies, QuoteWizard uses J.D. Power's home insurance study and the NAIC's Complaint Index.
| Company | 2021 J.D. Power overall satisfaction (higher is better) | 2021 NAIC Complaint Index (lower is better) |
|---|---|---|
| Allstate | 829 | 1.12 |
| American Family | 831 | 0.37 |
| Country Mutual | 830 | 0.28 |
| Farmers | 813 | 0.56 |
| Mutual of Enumclaw | - | 0.50* |
| Nationwide | 812 | 0.49 |
| State Farm | 835 | 1.01 |
| Travelers | 800 | 0.61 |
| USAA | 882 | 0.46 |
| Note: Complaint Index data from 2021 NAIC report. J.D. Power ratings from 2021 U.S. Home Insurance Study. | ||
USAA has the best overall customer satisfaction rating in our study, however USAA only offers home insurance to military members or veterans as well as their families. USAA offers all the standard coverages for home insurance as well as great optional coverages such as home sharing coverage. USAA also offers many discounts to lower your premiums.
If you don't qualify for USAA, then we recommend getting State Farm if you want an insurer with great customer service. State Farm also has an average annual premium that is lower than the state average at $922 a year. State Farm offers a generous discount, too, if you bundle your auto and home insurance with it. You can save up to $1,127 a year on home and auto insurance when you take advantage of State Farm's bundle discount.
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Portland homeowners insurance rate factors
Portland faces several types of natural disasters, which can affect your home insurance cost and what type of coverages you may need.
Earthquake insurance in Portland
Because the West Coast is prone to earthquakes, we recommend having protection for your home from earthquakes. Standard home insurance usually will not cover damage from earthquakes. However, you can purchase earthquake coverage and add it to your policy. You can also purchase a separate earthquake policy from a different insurance company if your current home insurance company does not provide it.
Wildfire coverage in Portland
There are more than 140,000 properties in Oregon at high to extreme risk of wildfire damage, according to Verisk Analytics. A standard home insurance policy will usually cover fire damages. If you can't get home insurance coverage because you live in an area that has a high risk of wildfires, then you may be able to get wildfire coverage from your state's Fair Access to Insurance Requirements (FAIR) Plan.
Methodology
We collected non-binding quotes in Portland for a standard HO-3 homeowners insurance policy. We used the following coverages:
- Dwelling coverage: $275,000
- Other structures coverage: $27,500
- Personal property coverage: $137,500
- Loss of use coverage: $55,000
- Liability coverage: $100,000
- Medical payments: $5,000
- Deductible*: $1,000
*unless otherwise stated
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