5 Best Portland Homeowners Insurance Companies (2026)
Capital Insurance Group and American Family offer some of the best home insurance in Portland, Oregon.
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Written byJessica Martel
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Jessica MartelInsurance Writer
7+ years in personal finance writing
Certified Financial Education Instructor
Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. Her work has appeared in Time’s Stamped personal finance marketplace, Consumer Affairs, Forbes Advisor, Money Under 30 and more.
Jessica specializes in personal finance, women and money, and financial literacy. Jessica is fascinated by the psychology of money and what drives people to make important financial decisions. As an Insurify contributor since July 2023, she’s written hundreds of articles aimed at helping readers make informed decisions about insurance.
She holds a Masters of Science degree in Cognitive Research Psychology, and is a National Financial Educators Council Certified Financial Education Instructor.
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Edited bySara Getman
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Sara GetmanAssociate Editor
Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.
Outside of work, Sara is an avid reader, and loves yoga and knitting.
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Reviewed byJohn Leach
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John LeachLicensed P&C Agent, Chief Copy Editor
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 20461358
John is Insurify’s Chief Copy Editor, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.
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Table of contents
Portland, Oregon, is a beautiful, bikeable city located about 200 miles south of the Washington state border. Homeowners in Portland pay an average of $101 per month for a policy with $300,000 in dwelling coverage and a $1,000 deductible, which is on par with the statewide average of $113.
Located on the Columbia and Willamette rivers, with the Cascadia Subduction Zone to the west, Portland is vulnerable to flooding and earthquakes.[1] Homeowners may want to consider purchasing add-on flood and earthquake insurance for extra protection.
Here’s what you need to know to compare home insurance companies in Portland, Oregon.
Quick Facts
The current average home price in Portland, Oregon, is $517,821.
Mutual Of Enumclaw has the cheapest home insurance in Portland, at an average of $69 per month for $300,000 of dwelling coverage.
Oregon has one of the highest risks of earthquakes in the country, which leaves homeowners vulnerable to major damage if they don’t have coverage.
Best home insurance companies in Portland
Homeowners in Portland can choose from many quality home insurance companies. But the best insurance company for you will depend on your individual situation, needs, and budget.
To help you narrow down your search, here are five of the best home insurers in Portland.
Capital Insurance Group: Best for affordable rates
affordable rates
Capital Insurance Group
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| 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. | 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. | $69/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. | $97/mo |
Capital Insurance Group (CIG) is a regional insurer that operates in Oregon, Arizona, California, Nevada, and Washington. CIG offers some of the most affordable home insurance rates in Portland.
To save more on your premiums, CIG offers insurance discounts for newer homes and homes with protective devices, including sprinkler systems, water-shutoff devices, and central or direct station alarms.
Pros
Multiple local agents in Portland
More affordable than competitors
Home cyber protection available to protect your home computer network
Cons
No online quotes available
Fewer discounts than competitors
No earthquake add-on available
American Family: Best for inland flood coverage
inland flood coverage
American Family
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| 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. | 8.6/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A |
| $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. | $104/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. | $142/mo |
Portland homes are vulnerable to flooding, especially in the Johnson Creek area. If you want extra protection from flood damage caused by flash flooding, American Family is a good choice. It offers inland flood coverage as an add-on to your standard policy.
If your home floods as a result of heavy rains or inland water overflowing, inland flood insurance can help cover damages to your home, other structures, and your personal property.
Pros
Save up to 40% when you bundle home and auto
High Trustpilot score
Above-average J.D. Power customer satisfaction rating
Cons
Below-average J.D. Power claims satisfaction rating
Low Better Business Bureau (BBB) rating
Lower AM Best financial strength rating than some competitors
USAA: Best for customer satisfaction
USAACompare personalized, real-time quotes
| 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. | 8/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $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. | $72/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. | $95/mo |
With three major air bases in Oregon, including one in Portland, many homeowners can take advantage of USAA insurance. USAA offers insurance and investment products to active and retired military members and their families.
If you value strong customer service, the company has above-average scores for both customer satisfaction and claims satisfaction from J.D. Power. Plus its home insurance rates are very competitive.
Pros
Affordable home insurance rates in Portland
Above-average J.D. Power claims satisfaction rating
Above-average J.D. Power customer satisfaction rating
Cons
Available only to military members, veterans, and their families
Low Trustpilot score
Low BBB rating
Nationwide: Best for earthquake coverage
NationwideCompare personalized, real-time quotes
| 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. | 8.4/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A+ |
| $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. | $92/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. | $143/mo |
Portland’s close proximity to the Cascadia Subduction Zone makes it vulnerable to a major earthquake. If you want to add on earthquake coverage without going through a separate company, Nationwide is a good choice.
Nationwide’s other add-on insurance options include water backup, flood insurance, dwelling replacement cost, and identity theft coverage. The company also has a wide range of discounts, including multi-policy, claims-free, and gated community discounts.
Pros
Above-average J.D. Power claims satisfaction rating
Wide range of discounts and coverages
Online quotes available
Cons
Higher rates than some competitors
Below-average J.D. Power customer satisfaction rating
Low Trustpilot score
Mutual of Enumclaw: Best for wildfire protection
wildfire protection
Mutual of Enumclaw
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| 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. | 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. | $69/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. | $94/mo |
Mutual of Enumclaw is a regional insurer that operates in Oregon, Washington, Idaho, Utah, Arizona, Montana, and Wyoming.
To help protect Portland homeowners against damages from wildfires, the company partners with Wildfire Defense Systems, Inc. (WDS) at no extra cost. WDS monitors active wildfires in the area and will automatically send services to homes identified as high risk.
Pros
Wildfire protection included in policies
Opportunity to work with a local, independent insurance broker
Affordable rates in Portland
Cons
Lower AM Best financial strength rating than some competitors
Online quotes not available
Better coverage if you bundle home and auto
Our editorial team analyzed regional and national home insurance companies that sell policies in Portland to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
How much is home insurance in Portland?
The average cost of homeowners insurance in Portland is $1,212 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible, according to Insurify data. This is close to Oregon’s average annual premium of $1,356 for the same coverage.
Your specific premium will vary depending on factors such as your ZIP code, proximity to a fire station, the insurer you choose, and how much coverage you need. If you want additional flood insurance or earthquake insurance, that’ll increase your rate.
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Cheapest home insurance companies in Portland
If you’re looking for a budget-friendly insurance company, you have many insurers to choose from. The following table highlights some of the cheapest home insurers in Portland.
The below rates in Portland, OR, are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
Insurance Company  | Average Annual Premium |
|---|---|
| Mutual Of Enumclaw | $828 |
| Capital Insurance Group | $828 |
| Grange | $852 |
| USAA | $864 |
| Travelers | $912 |
| Farmers | $1,068 |
| Unitrin | $1,068 |
| Oregon Mutual | $1,104 |
| Nationwide | $1,104 |
| State Farm | $1,140 |
| Allstate | $1,140 |
| American Family | $1,248 |
| Allied | $1,260 |
| Encompass | $1,488 |
| Foremost | $1,668 |
| COUNTRY Financial | $2,112 |
Disclaimer: Table data sourced from real-time Portland car insurance quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual car insurance quotes in Portland may vary based on the policy buyer's unique driver profile.
The below rates in Portland, OR, are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| Mutual Of Enumclaw | $1,128 |
| USAA | $1,140 |
| Capital Insurance Group | $1,164 |
| Grange | $1,260 |
| State Farm | $1,500 |
| Unitrin | $1,512 |
| Travelers | $1,536 |
| Oregon Mutual | $1,656 |
| Allstate | $1,656 |
| American Family | $1,704 |
| Nationwide | $1,716 |
| Farmers | $1,836 |
| Allied | $2,016 |
| Encompass | $2,172 |
| Foremost | $2,616 |
| COUNTRY Financial | $3,204 |
Disclaimer: Table data sourced from real-time Portland car insurance quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual car insurance quotes in Portland may vary based on the policy buyer's unique driver profile.
The below rates in Portland, OR, are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| USAA | $1,416 |
| Mutual Of Enumclaw | $1,476 |
| Capital Insurance Group | $1,524 |
| Grange | $1,908 |
| State Farm | $1,920 |
| Allstate | $1,944 |
| Unitrin | $2,220 |
| Travelers | $2,232 |
| American Family | $2,268 |
| Nationwide | $2,544 |
| Oregon Mutual | $2,556 |
| Farmers | $2,664 |
| Encompass | $3,036 |
| Allied | $3,756 |
| COUNTRY Financial | $4,500 |
| Foremost | $5,460 |
Disclaimer: Table data sourced from real-time Portland car insurance quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual car insurance quotes in Portland may vary based on the policy buyer's unique driver profile.
How much homeowners insurance do you need in Portland?
When you determine how much homeowners insurance coverage you need, consider the four types of coverage included in a standard policy:[2]
Dwelling coverage
This covers the cost to repair or rebuild your home if a covered peril damages it. To determine how much dwelling coverage you need, you can multiply your home’s square footage by the local building costs per square foot. To find this number, you can speak to a local builder or realtor in Portland.[3]
Personal property coverage
To ensure personal items, such as clothing, sporting equipment, and electronics, are properly protected, you can conduct a home inventory where you make a list of your possessions and how much each item costs. This will give you an estimate of how much personal property coverage you need.
Additional living expenses (ALE)
If you can’t live in your home due to damages and need to find temporary housing, your ALE coverage, also known as loss of use coverage, can pay for things like food and a hotel. Different insurers offer different ALE insurance limits.
Personal liability
Personal liability covers you against lawsuits if someone is hurt on your property or if you damage someone else’s property. Insurance experts generally recommend that you have at least $300,000–$500,000 in coverage, and $1 million if you have a moderate or high net worth.[3]
What to know about home insurance in Portland, OR
As a Portland homeowner, you should be aware of some local risks, including:
Earthquakes: Oregon has one of the highest risks of earthquakes in the country and has had many earthquakes over the years. In 1993, a 5.6 magnitude earthquake in Portland caused more than $30 million in damages.[4]Older homes built before the 1960s weren’t bolted to their foundations and may be at a greater risk. A standard homeowners policy doesn’t cover damages from earthquakes, so you may need to purchase additional earthquake insurance for proper protection.
Flooding: Located on the Columbia and Willamette rivers, flooding is possible anywhere in Portland. Since a standard homeowners policy doesn’t cover damage from flooding, you can purchase additional flood coverage through some private insurers or through the National Flood Insurance Program.
Wildfires: The state of Oregon has experienced many devastating wildfires. A standard homeowners policy typically covers damages from a wildfire. As insurance rates rise for Oregon homeowners, there’s been a push from legislators to account for wildfire mitigation efforts from homeowners by having insurers offer discounts or incentives to people who are taking preventative steps.
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Average cost of home insurance in other cities in Oregon
Where you live has a big effect on the cost of home insurance. Different cities and even different ZIP codes in the same city can result in variations in home insurance quotes. Your home’s proximity to a fire station, the level of crime, and exposure to natural disasters like flooding or wildfires can all affect your insurance rates.
Check out the following table to see how rates in Portland compare to other cities in Oregon.
The below rates in Portland, OR, are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
City | Average Annual Premium |
|---|---|
| Portland | $1,212 |
| Salem | $1,248 |
| Eugene | $1,260 |
Disclaimer: Table data sourced from real-time Portland car insurance quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual car insurance quotes in Portland may vary based on the policy buyer's unique driver profile.
Portland homeowners insurance FAQs
If you’re still looking for more information on how to find the best homeowners insurance policy in Portland, check out the following answers to some of our most frequently asked questions.
The average cost of home insurance in Portland is $101 per month for a policy with $300,000 in dwelling coverage and a $1,000 deductible, Insurify data shows. If you want to purchase secondary coverage, such as earthquake or flood insurance, this will increase the cost.
Mutual Of Enumclaw offers the cheapest homeowner insurance in Portland, with an average monthly premium of $69 for $300,000 in dwelling coverage with a $1,000 deductible, according to Insurify data.
But the cheapest insurer for you may be different, so it’s important to compare multiple quotes to find the best policy for your home and budget.
Some of Insurify’s top picks include CIG, American Family, Mutual of Enumclaw, Nationwide, and USAA. But the best home insurance company for your Portland home depends on your individual situation, insurance needs, and budget.
The average cost of home insurance in Oregon for a policy with $400,000 in dwelling coverage and a $1,000 deductible is $1,740 per year, according to Insurify data.
The 80/20 rule of home insurance recommends that you insure your home for at least 80% of its full replacement cost. If your coverage drops below 80%, your insurer may reduce the amount it’ll pay for a claim.
The location of your home, including your ZIP code, proximity to a fire station, the crime levels in your neighborhood, and the risk of natural disasters like wildfires or flooding, can influence the cost of home insurance. Other variables, including the age of your home, the type of coverage, and the deductible you choose, can also affect your premiums.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
Sources
- Portland.gov. "Flooding in Portland."
- III. "Homeowners Insurance Basics."
- III. "How much homeowners insurance do I need?."
- Oregon.gov. "Hazards in Oregon."
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Jessica MartelInsurance Writer
7+ years in personal finance writing
Certified Financial Education Instructor
Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. Her work has appeared in Time’s Stamped personal finance marketplace, Consumer Affairs, Forbes Advisor, Money Under 30 and more.
Jessica specializes in personal finance, women and money, and financial literacy. Jessica is fascinated by the psychology of money and what drives people to make important financial decisions. As an Insurify contributor since July 2023, she’s written hundreds of articles aimed at helping readers make informed decisions about insurance.
She holds a Masters of Science degree in Cognitive Research Psychology, and is a National Financial Educators Council Certified Financial Education Instructor.
Sara GetmanAssociate Editor
Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.
Outside of work, Sara is an avid reader, and loves yoga and knitting.
John LeachLicensed P&C Agent, Chief Copy Editor
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 20461358
John is Insurify’s Chief Copy Editor, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.
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