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Oregon Homeowners Insurance Quotes - Best and Cheapest (2022)

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Insurify Staff

By: Insurify Staff

Last Updated February 25, 2022


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Oregon Average Cost of Homeowners Insurance Rates (2022)

According to 2021 rates, the average cost of homeowners insurance in Oregon is $995 per year and $83 per month. Oregon homeowners insurance rates are $403 per year less then the national average and about 29% less annually. When compared to the other US states that makes the cost of homeowners insurance in Oregon the 36th most expensive in the country, based on 2021 data.

For shoppers, the best way to find a homeowners insurance policy in Oregon is to evaluate all of the quotes from individual insurance providers and then decide on the policy that fits your requirements and budget level. Fortunately finding the right homeowners insurance coverage is easy with a tool like Insurify.

Insurify provides easy and fast home insurance quote comparisons for all kinds of homeowners nationwide. Insurify has helped thousands of customers receive accurate homeowners quotes for your property in Oregon in minutes.

Oregon Average Homeowners Insurance Rates
Average Cost Per Month$83
Average Annual Premium$995
State Rank (Most Expensive)36th

Cheapest Insurance Companies for Homeowners in Oregon (2022)

For homeowners in Oregon, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies will allow you to get the best possible insurance rate for your home.

To simplify comparing companies, Insurify has analyzed rates from top insurance providers in Oregon. The following are the best insurance rates from carriers that offer homeowners insurance in Oregon.

Cheapest CompaniesQuotes
American Family$796

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How to Get Affordable Home Insurance in Oregon

Buying a home is one of the most important investments a family will ever make, and it does not come without its own set of challenges and risks. Families can relax and enjoy their homes and the beautiful Oregon landscape by taking important steps to reduce risks and protect their home investment.

One of the most important ways homeowners can protect their property is through homeowners insurance. While you are not legally required to carry homeowners insurance, you wouldn’t want to leave your property and belongings unprotected from risks such as natural disasters and theft. The type of homeowners coverage you will need will vary based on your property type, location, and other factors.

Keep reading for a full guide on Oregon home insurance.

Homeowners Insurance Quotes in Oregon by Company

Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.

As of 2021, the average home insurance premium in Oregon costs $1,218 annually, and the median home value is $319,200.

That’s a pretty penny. How can you be expected to pay all of these costs (vital as they are) and still provide for you and your family?

Insurify helps homeowners find the best value in homeowners insurance by comparing quotes in their area. Adjust your desired insurance coverage levels to find the best Oregon homeowners insurance in your area.

Average Annual Homeowners Insurance Premium in Oregon by Company

Average prices for standard homeowners insurance for a 7-15 year old home, $200,000 in coverage

American Family
State Farm
Country Financial

Home Insurance Rates in Oregon by City

Like property prices, the average cost of home insurance varies in price from city to city. Pricing is determined by ZIP code–specific variables, such as the volume of claims filed nearby, crime rates, and property costs, and risk variables, such as natural disaster frequency. Even your specific neighborhood may determine if you pay more or less on our annual premiums.

Rates in Oregon can be relatively high or low compared to the national average; it all depends on which town you live in. Here are the most and least expensive Oregon ZIP codes in which to insure a home.

CityMedian Home Price
Lake Oswego$669,403
West Linn$560,000

What Does Home Insurance Cover in Oregon?

There are several types of home insurance. Specific terms of insurance policies may vary by state, but in general, the standard policy types are as follows:

  • The simplest and least comprehensive type of homeowners insurance.

    Provides coverage for a handful of potential problems including:

    • Natural disasters (storms, fires, wind lightning, volcanic eruption)
    • Explosions
    • Theft
    • Damage from vehicles
    • Civil commotion
  • Broad form homeowners insurance policies include all basic form coverage, plus:

    • Protection from falling objects
    • Damage from the weight of ice, snow, or sleet
    • Freezing of household systems including HVAC and pipes
    • Sudden and accidental damage to pipes and other household systems from artificially generated electrical current
    • Accidental discharge or overflow of water or steam
    • HO-2 policies typically cover both dwelling protection and personal property.
    • In some cases, broad form coverage may also include liability coverage. However, it still only covers the specific damages listed in the policy.
    • The most common form of homeowners insurance is known as a “special form” policy.
    • While HO-1 and HO-2 policies are “named peril” policies (meaning they only cover dangers that are specifically listed in the policy), HO-3 policies are “open peril” policies meaning they’ll cover all dangers except those specifically excluded in the policy documents.
    • HO-4 policies, also known as renters insurance, are for people who lease rather than own their homes.
    • Tenant’s form policies typically cover all the same dangers as HO-2 policies.
    • Tenant’s form policies typically cover all the same dangers as HO-2 policies.
    • These policies include personal property coverage and liability coverage but don’t cover the physical structure of the house.
    • Some HO-4 policies may also include loss of use coverage for the tenants.
    • Comprehensive form policies are usually the broadest and provide the highest level of coverage; not surprisingly, they also tend to be the most expensive type of homeowners insurance policies.
    • The biggest difference between HO-3 and HO-5 policies is that most HO-3 policies are “actual cash value” policies, whereas typically HO-5 policies are “replacement cost value” policies.
    • An actual cash value policy will only reimburse you for the actual value of a damaged or destroyed item, while a replacement cost value policy will reimburse you for however much it would cost to completely replace or repair the damaged or destroyed item (up to the coverage limits on the policy).
    • HO-5 policies also provide personal property coverage against a wider range of dangers than the typical HO-3 policy. Many HO-5 policies also have extra coverage for high-value personal property such as jewelry and artwork.
    • Not surprisingly, condo form insurance is for condominium owners. HO-6 policies generally protect against the same types of dangers as HO-3 policies.
    • They provide dwelling protection coverage with a twist: HO-6 policies cover the walls, floors, and ceiling of the condo unit but not the rest of the building.
    • These policies also include personal property and liability coverage and may include loss of use coverage.
    • If you own a mobile home or manufactured home, you likely have an HO-7 policy.
    • Mobile home form policies are typically identical to HO-3 policies, except they’re designed specifically for mobile and manufactured homes.
    • Like HO-3 policies, they provide dwelling protection coverage, other structures coverage, personal property coverage, liability coverage, and possibly loss of use coverage as well.
    • HO-7 policies generally only protect the home when it’s stationary; if you plan to move your mobile or manufactured home, you’ll need to get a special policy to cover it while it’s in transit.
    • Older homes have generally been built to less stringent code standards than recently built homes, and so insurers have designed a specialized type of homeowners insurance policy for them.
    • HO-8 policies often only cover the basic perils listed in HO-1 policies and generally apply to homes that are registered landmarks or otherwise deemed historic homes.
    • Owners of registered landmarks are typically forbidden from making the updates to HVAC, electrical, and other parts of the home to enable them to qualify for a standard HO-3 policy, so an HO-8 policy is often the only option for them.

For more detailed Oregon city level guides, check out these below.

Wildfires and Home Insurance in Oregon

Homeowners who live in areas frequently affected by wildfires know all too well of the possible devastation to land and property. A wildfire can be started by burning debris, unattended campfires, arson, downed power lines, or even a recklessly discarded lit cigarette.

According to statistics from the Insurance Information Institute (III), in 2019 there were 2,293 wildfires in Oregon, which burned 79,732 acres of land. Oregon ranks #8 in the top 10 states at high risk of wildfires.

Homeowners insurance can help cover damage to homes and belongings caused by a wildfire. You can expect a homeowners policy to help pay for damage to dwellings, personal property, and landscaping caused by wildfire damage. The amount of coverage you have for wildfire damage will vary based on the level of coverage in your specific homeowners policy.

Oregon residents looking for homeowners coverage to protect against wildfire damage can find competitive home insurance rates using Insurify to help compare home insurance quotes all in one place.

Additional Living Expenses and Home Insurance in Oregon

Whenever your home is damaged and you must leave while repairs take place, you’ll need money to help pay for things such as room and board, food, laundry, and other daily expenses you may incur while living away from home. An Additional Living Expense (ALE) endorsement can be added to a homeowners insurance policy to help Oregon homeowners pay for these costs if it is not already included in the policy.

Additional living expenses are important supplemental coverage for Oregon homeowners to have if they are displaced due to wildfires, volcanoes, or some other type of covered natural disaster. Depending on the type of homeowners policy you choose, the level of coverage you have and the cost of that coverage will vary. Give yourself peace of mind and protect your old abode or new home and personal belongings from vandalism and other covered losses with the best homeowners insurance.

Special Home Insurance Situations in Oregon

Unique elements of your home may affect homeowners insurance prices. Check out these quotes for some special situations that may impact your home insurance in Oregon.

Cheapest Home Insurance for Houses Near the Coastline in Oregon

Beachside living is wonderful. But the risk a nearby coastline may present to your home could end up increasing your home insurnace rates. The closer you are to the shore, the more at risk your property is to flooding. This will be reflected in your homeowners insurance rate.

Insurance CompanyAverage Annual Premium
American Family$2,037
Kingsway America$2,711

Cheapest Home Insurance for Houses With Swimming Pools in Oregon

Swimming pools fall under a category called attractive nuisances. Sure, they offer a fun way to cool off during warm summer months, but they also pose a major injury risk. For that reason, having a swimming pool in your yard could increase rates.

Insurance CompanyAverage Annual Premium
State Farm$1,240

Enjoy the Sunshine State even more knowing your Oregon property is protected from anything life may throw it's way.

How to Find the Cheapest Home Insurance in Oregon

Just like with groceries or clothes, you can find a good bargain on home insurance. With a little research and the right tools, you’ll be on your way to big savings.
Use Insurify to compare home insurance quotes for your property in Oregon.

Oregon Homeowners Insurance FAQ

  • Oregon is prone to experiencing severe weather and natural disasters, such as wildfires and volcanoes. With the increase in claims that insurance companies must pay out, the cost of homeowners insurance goes up. Oregon homeowners can find ways to save on homeowners insurance, such as by bundling homeowners and auto insurance together and installing home security devices. Credit score can also impact your home insurance rate. Use Insurify to compare rates and find the best coverage options in your area.

  • USAA does insurance homes in Oregon. Oregon policyholders will find some attractive features with USAA home insurance, including identity theft coverage and add-on coverage for valuable personal property. However, USAA only provides home insurance for active-duty military members and their families, those retired from the military, or those honorably discharged from military service.

  • You want your home insurance claim settled as quickly as possible so you can get back to normal life. There are times when it may take longer than expected for the insurance company to pay a home insurance claim. For example, if there is a natural disaster in the state and many simultaneous claims are filed, it will naturally take adjusters time to inspect all the home damage. You can find a home insurance company in your area with a good claims record by using Insurify to compare coverage options and quotes.

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Insurify Staff
Insurify Staff

Content Specialist at Insurify

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