3+ years experience in insurance and personal finance editing
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
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The average cost of home insurance in Oregon is $1,232 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible, according to Insurify data. Oregon homeowners pay less than the national average of $2,377.
Located in the Cascadia Subduction Zone, Oregon has a risk of earthquakes — so homeowners should consider buying earthquake coverage.[1]
To find the best homeowners insurance for your coverage needs, you should always compare quotes from multiple insurers. Here’s what you need to know as a homeowner in Oregon.
Quick Facts
The cheapest home insurance companies in the state of Oregon are Capital Insurance Group, Oregon Mutual, and Mutual of Enumclaw.
Recent wildfire losses are a problem for a growing number of homeowners in parts of Oregon.[2]
Bend homeowners pay some of the highest home insurance rates in Oregon, with an annual average premium of $1,396 for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
Best home insurance companies in Oregon
Several companies in Oregon offer high-quality home insurance at affordable rates. Home insurance rates vary based on different factors, including the age of your house, ZIP code, and claims history. Shopping widely can help you find a policy that fits your personal situation and needs.
Start your search for cheap home insurance with four of the best home insurers in Oregon below.
Insurance Company
▲▼
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
▲▼
Average Annual Premium
▲▼
Best For
▲▼
Capital Insurance Group
N/A
$427
Cheapest rates
Grange
N/A
$759
Old homes
American Family
4.3
$797
Bundling discounts
Travelers
3.9
$819
Theft coverage
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.
We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
NR
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$36/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$43/mo
Capital Insurance Group is Oregon’s cheapest home insurance company, with a low average annual rate. While it may not have the name recognition of an industry giant like State Farm, Capital Insurance Group is a financially strong company, earning an A (Excellent) rating from AM Best.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
NR
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$61/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$102/mo
Older homes have a greater risk for extensive damage. Luckily, Grange offers extra replacement cost coverage that goes 25% higher than your policy limits if you experience cost overruns after a covered loss. Plus, Grange has the third-cheapest home insurance in the state.
Pros
Regional insurer with deep knowledge of Oregon
Offers home and bundling discount
Cons
Mobile app has mixed reviews
Online quotes aren’t available
Best insurer for bundling discounts: American Family
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.1/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
840
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$71/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$98/mo
Earning a discount when you bundle home and auto insurance is one of the best things you can do to save. American Family policyholders who purchase auto insurance in addition to homeowners insurance save up to 23% on their policies. While American Family’s J.D. Power customer satisfaction rating is slightly below average for home insurance, it’s above average for car insurance.
Pros
Generous bundling discounts
Several customizable insurance products
Cons
Slightly below-average ranking in J.D. Power’s 2023 U.S. Home Insurance Study[3]
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.0/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
829
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$61/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$102/mo
Theft can happen anywhere, and Travelers has you covered. In addition to special personal property protection for added coverage of your belongings, Travelers also offers coverage for jewelry and valuable items, and a personal articles floater for especially expensive items.
Pros
Plenty of optional coverages
Wide selection of discounts
Cons
Below-average customer satisfaction ranking in J.D. Power’s 2023 U.S. Home Insurance Study
More expensive than some other insurers
Cheapest home insurance in Oregon
Oregon homeowners pay some of the most affordable home insurance rates in the country. But your rates can vary based on several factors — and some coverage options are cheaper than others.
The following table features a list of the cheapest home insurance companies in Oregon, along with each company’s average annual premium for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
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4.8/5
Cost of homeowners insurance in Oregon
The average cost of homeowners insurance in Oregon is $1,232 per year. This compares favorably to the average cost of home insurance in other states, which tends to be higher.
Location is a key factor when it comes to home insurance rates. Homes in disaster-prone areas or far from a fire department are more expensive to insure, on average. Your home’s claims history, age, and condition also play a role in home insurance rates. Finally, your credit history can also affect how much you pay for insurance coverage.
Cost of homeowners insurance by dwelling coverage amount
Dwelling coverage is the part of a standard home insurance policy that protects the physical structure of your home. The dwelling coverage limit you choose determines how much your insurer will pay for a covered claim.
Choosing higher coverage limits means you’ll have higher premiums. You should consider several factors when choosing a coverage level, including your home’s age, construction materials, and local labor costs.
The following table shows how much Oregon homeowners pay for home insurance policies with a $1,000 deductible based on the dwelling coverage limit.
Coverage Limit
▲▼
Average Annual Premium
▲▼
$100,000
$654
$200,000
$942
$300,000
$1,232
$400,000
$1,585
$500,000
$1,908
Cost of homeowners insurance by deductible
Your deductible is the amount you’ll pay out of pocket before insurance begins to pay for a covered loss. Choosing a high deductible can help you save money on monthly insurance costs. Just remember that you’ll face more out-of-pocket costs if you choose a higher deductible.
The table below shows how much Oregonians pay for a home insurance policy with $300,000 in dwelling coverage by deductible amount.
Deductible Amount
▲▼
Average Annual Premium
▲▼
$500
$1,299
$1,000
$1,232
How to get cheap homeowners insurance in Oregon
Several strategies can help you find cheap homeowners insurance in Oregon:
Perform home upgrades. Insurers consider older homes as higher risk due to the potential for an expensive claim. Fixing a faulty foundation or leaky roof can help you pay lower premiums. Adding new features, like an advanced security system or smart smoke alarms, can also lead to discounts from most home insurers.
Improve your credit. Homeowners insurance companies use your credit history to generate your credit-based insurance score, which estimates your likelihood of filing a claim. Improving your credit history could lead to lower rates.
Check your coverage limits. You might have purchased too much home insurance. Take an inventory of your personal belongings to make sure you have theright amount of personal property insurance. Getting a better sense of the value of all your belongings can also help you correctly estimate the amount of insurance you need.
Take advantage of discounts. Talk to your insurance agent or visit your insurer’s official site to figure out which discounts you qualify for. Most insurance companies offer bundling discounts, loyalty discounts, and savings for homeowners who enable paperless billing or automatic payments.
Shop around and compare quotes. Rates can vary significantly between home insurance companies. That’s why getting home insurance quotes from at least three different insurance companies and comparing them side by side can help you pick the best coverage for your unique needs and budget.
Find Cheap Home Insurance in Oregon
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Based on 3,806+ reviews
4.8/5
How much homeowners insurance do you need in Oregon?
When you take out a mortgage on your home, your mortgage lender will require you to purchase a home insurance policy. The amount of coverage you need can vary based on your home’s value. Different types of home insurance policies have different levels of coverage.
But most insurance experts recommend insuring your home for at least 80% of your home’s replacement cost, and at least $300,000 in liability coverage.[4]
It’s important to know what your home insurance policy covers. Most policies include dwelling coverage for the home’s structure, other structures coverage for detached structures like a fence or garage, liability coverage in the event of an accident, and additional living expenses if you need to temporarily leave your home after extensive property damage.
You may want to purchase a type of coverage not typically included in a standard home insurance policy. For instance, a standard homeowners policy doesn’t include coverage for earthquakes.
What are some of the biggest risks when owning a home in Oregon?
Many severe weather events affect Oregon. As a homeowner, you should be aware of three common perils.
Wildfires
As in many states on the West Coast, damaging wildfires have become more common in Oregon in recent years. The U.S. Department of Homeland Security’s wildfire preparedness site encourages homeowners to use fire-resistant materials, equip their property with a hose, and use caution with campfires to minimize wildfire risk.[5] Home insurance typically covers damage from wildfires.
Earthquakes
Oregon occasionally experiences large earthquakes, like the 5.6-magnitude Scott Mills quake in 1993, which caused $30 million in damage. Plus, Oregon is in the Cascadia Subduction Zone, which increases the likelihood of a 9.0+ earthquake occurring in Oregon in the coming years. Traditional home insurance policies don’t include earthquake insurance, so you may want to purchase this coverage.
Theft
While Oregon experiences fewer property crimes than the national average, burglaries have gone up in recent years.[6] Investing in sufficient personal property coverage can help you protect your belongings in the event of theft on your property.
Oregon homeowners insurance FAQs
To find the best home insurance company for your coverage needs, you should compare quotes from multiple insurers. The following information can help answer your remaining questions about home insurance in Oregon.
How much is home insurance in Oregon?
In Oregon, the average annual cost of homeowners insurance for a policy with $300,000 in dwelling coverage and a $1,000 deductible is $1,232. Because Oregon has a risk of earthquakes, you may want to buy an additional earthquake insurance policy, which will come with another premium.
Which company has the cheapest homeowners insurance in Oregon?
Capital Insurance Group has the cheapest homeowners insurance in Oregon, with an average annual premium of $427 for a policy with $300,000 in dwelling coverage and a $1,000 deductible. Mutual Of Enumclaw and Grange also have affordable coverage, with respective annual homeowners insurance rates of $757 and $759.
Does Oregon require homeowners insurance?
No. Oregon state law doesn’t require homeowners insurance, but your mortgage company will require it. Even if you’ve already paid off your mortgage, you should still buy home insurance to protect your home and personal belongings. By not insuring your home, you put yourself at risk of having to pay expensive repair costs in the event of damage.
What is the most common homeowners insurance policy?
An HO-3 policy is the most common homeowners insurance policy. Also known as the special form, HO-3 coverage includes dwelling and other structures coverage for all perils, unless specifically excluded.
A.M. is a Brooklyn-based writer, editor, and content marketing strategist who's worked with major brands in insurance, tech, finance, and healthcare. He also contributes to The Average Joe, a personal finance newsletter that reaches over 250,000 daily readers. Since 2019, he's written for Insurify, breaking down a diverse range of insurance topics into crisp, readable prose.
Edited byKatie PowersAuto and Life Insurance Editor
Katie PowersAuto and Life Insurance Editor
Licensed auto and home insurance agent
3+ years experience in insurance and personal finance editing
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
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Capital Insurance Group
Grange
American Family
Travelers
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