The average cost of renters insurance in Oregon is $14 a month, or $163 a year. This is cheaper than the national average of $180 a year. Renters insurance in Oregon is as cheap as $11 a month.
| Coverage amount | Average cost per month | Average cost per year |
|---|---|---|
| <$13,999 | $11 | $128 |
| $14,000 | $12 | $143 |
| $20,000 | $12 | $149 |
| $26,000 | $13 | $156 |
| $32,000 | $13 | $159 |
| $38,000 | $15 | $175 |
| $44,000 | $14 | $170 |
| $50,000 | $17 | $201 |
| $75,000 | $21 | $255 |
| >$100,000 | $30 | $357 |
| Oregon average | $14 | $163 |
| Source: National Association of Insurance Commissioners (2019) | ||
In general, as you increase your coverage limit, your rate also increases. Coverage limit refers to the maximum amount an insurance provider will pay out in the event that you have to file a claim.
The cheapest renters insurance plan we found in Oregon is only $11 a month. However, for just a few more dollars per month, you can greatly increase your coverage limit. While the $11 plan offers less than $14,000 in coverage, a $14-per-month plan offers up to $44,000 in coverage. For just $3 more a month, you can increase your coverage limit by $30,000.
Renters insurance in Oregon runs between $11 to $30 a month.
Renters insurance companies in Oregon
There are many quality options when shopping for renters insurance in Oregon. Below are some of the best renters insurance companies in Oregon, along with their customer service ratings.
| Company | 2019 J.D. Power overall satisfaction | 2019 NAIC Complaint Index (lower is better) |
|---|---|---|
| State Farm | 5/5 | 0.35 |
| Auto-Owners | — | 0.25 |
| Auto Club Insurance Association | — | 0.48 |
| The Hanover | — | 0.12 |
| Allstate | 2/5 | 0.47 |
| Michigan Farm Bureau | — | 0.07 |
| Liberty Mutual | 2/5 | 0.57 |
| Farmers | 2/5 | 0.34 |
| USAA | 5/5 | 0.49 |
| American Family | 5/5 | 0.61 |
| Frankemuth Insurance | — | 0.00 |
| Pioneer State Mutual Insurance | — | 0.00 |
| Progressive | 2/5 | 0.79 |
There are two different customer service ratings included in this table. One is the 2019 J.D. Power overall customer satisfaction rating, scored out of a maximum of five. The second rating is the 2019 NAIC Complaint Index, which compares the total number of customer complaints a company received in 2019 to the company’s size. A lower NAIC Complaint Index indicates better performance.
Looking at the table, State Farm, USAA and American Family all score well in terms of happy policyholders. USAA, however, is only available to military members, veterans and their select family members. If that doesn't apply to you, there are still plenty of other quality companies to choose from.
Compare quotes from the best renters insurance companies in Oregon.
Renters insurance quotes in Oregon
When shopping for coverage in Oregon, be sure to compare renters insurance quotes from several different companies. Renters insurance quotes give you price, coverage amount and more. Take plenty of time to compare different quotes so that you can find the best insurance policy for you.
While two policies might be similarly priced, they might offer very different levels of coverage and service. Be sure to look carefully at each policy to know exactly what type of coverage you are purchasing. Look not only at the coverage limit, but also at what specifically is covered under that policy. A standard renters insurance policy offers the following coverages:
- Personal property
- Liability
- Loss of use
- Medical payments to others
Another important factor to consider is whether a company values your possessions at actual cash value or (ACV) or replacement cost (RC). The difference between these two types of policies is depreciation. ACV policies factor in depreciation when paying out claims. So if you lose a $2,000 couch in a fire, you might only receive $1,500 after your insurance provider factors in its depreciation. With a RC plan, you would receive the full $2,000 that you originally paid for the couch.
Renters insurance laws and regulations in Oregon
Although renters insurance is not required by law in the state of Oregon, many landlords require their tenants to purchase renters insurance. Whether or not it is required by your landlord, we highly recommend purchasing a renters insurance policy. It is a relatively inexpensive monthly cost that can save you a lot of money in the event that something unexpected happens. About 35% of Oregonians are renters. Of that 35%, less than half of renters have renters insurance. That's a lot of unprotected personal property across the state.
Renters insurance is regulated at the state level. In Oregon, the Oregon Department of Consumer and Business Services protects consumers. The Oregon Division of Insurance regulates renters insurance and provides protection for tenants.
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