Portland, OR Homeowners Insurance Quotes (2022)

Portland, Oregon, is the second-most populous city in the Pacific Northwest. This city has a metropolitan population of 2.4 million residents. Portland is situated at the foot of Mount Hood, at the Willamette and Columbia Rivers’ confluence. Back in its earliest days, the city was well-known for its fish and lumber market and the Oregon Trail’s end. And during the turn of the 20th century, the city gained a reputation as one of the most dangerous port cities globally. That’s because it became an organized crime and racketeering hub.

These days, Portland is known most for its hipster and environmentally friendly culture. It was the first city to come up with a carbon dioxide emissions reduction plan. Since the city is so cutting-edge, it’s no wonder that its economy is as well. Technology rules Portland ’s economy. Its nickname is the Silicon Forest because of its many startups and software companies. And Intel is the city’s largest employer.

Over the last several years, Portland has had a large influx of tech workers and well-off transplants. They move from cities like Los Angeles, San Francisco, and Seattle. With the influx of new residents come higher housing expenses and a higher crime rate. Many new residents are not prepared for potential natural disasters like wildfires, either. Because of this, it’s in every Portland homeowner’s best interest to have the proper protection from the unknown. The problem is solved with Portland homeowners insurance.

Home insurance in Portland doesn’t have to be hard to come by. Use Insurify, and you could see savings right away by comparing the best rates. Try us now!

For homeowners in Portland, 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 Portland. The following are the best insurance rates from carriers that offer homeowners insurance in Portland.

The current Portland, Oregon, real estate market is competitive. Some homes get multiple offers, and homes sell in anywhere from 4 to 10 days. Have you recently moved to Portland? Not only is the move a huge commitment, but so is the homebuying process.

Buying a home may be one of the largest financial investments of your lifetime. With the investment, inevitably, comes risk. However, there are steps homeowners can take to minimize risk and protect their investment.

The first step to protecting your property is homeowners insurance in Portland. Though not required by law, home insurance provides financial liability and personal liability after a covered loss. That means you get protection for your property and personal belongings from natural disasters and vandalism. Different coverage options are available for various property types, locations, and other factors. There’s even additional coverage for expensive items like jewelry and electronics for when something goes awry.

Keep reading for a full guide on Portland home insurance.

Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in. Our free home insurance comparison tool allows you to find the best policy for the best rate fast. And your information stays private and protected.

As of 2021, the average home insurance premium in the Portland area costs $1,218 annually, and the median home value is $497,589.

Unfortunately, for Portland residents, housing expenses aren’t for the faint of heart. Housing expenses in the area are 79 percent higher than the national average. Saving money on your homeowners insurance policy is of high importance, as you should save where you can. But insurers price differently everywhere and depending on the company. A home insurance policy at Allstate may be one price, but you won’t see the same price as you would with American Family or State Farm. The best way to get the price you’re looking for is to compare the best home insurance companies in Portland. Use Insurify’s comparison tool to search and compare, then get a quote. It’s that simple and easy. Give it a shot now!

Check out the average cost of homeowners insurance in Portland, OR, below.

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

Pricing is dependent on where you live in the Portland area. You won’t have the same price as someone in downtown Portland as you would in, say, Beaverton.

Like property costs, 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 your annual premiums.

Rates in Portland can be relatively high or low compared to the national average; it all depends on which area you live in.

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

Portland, Oregon, is located in a warm-summer Mediterranean climate that brings cool, cloudy winters and warm, dry summers. You’ll find Portland to be overcast, damp, and with changing weather conditions through all four seasons. Portland is in the path of turbulent westerly air flows. The Pacific Northwest is known for being overcast and damp. But Portland has more sunshine hours and less rain and snowfall than other cities in the region. It’s important to note, though, that flood insurance may be appropriate in certain areas. Water damage is not covered on a standard home insurance policy, so ask your local insurance agent for more information.

Because the summers are warm and dry, wildfires are a natural hazard in the summer and fall months. Your homeowners insurance policy will likely cover fire and additional living expenses if you have to relocate. But it’s important to know your coverage limits so you’re not spending more out of pocket if you reach your limits. An insurance agent will go over coverage limits and help you find the right ones if you ask.

You might also experience other natural disasters like earthquakes. Earthquake insurance is not included in the standard home insurance policy. You can purchase additional insurance like earthquake insurance along with flood insurance through your insurance agent.

With living expenses being so high in Portland, Oregon, it’s more important to save where you can. You can start by combining insurance products like home and auto insurance under one insurance provider. This is known as bundling home and auto, and insurance providers love when you do this, so they usually give a discount or deal.

Next, be in the know of other factors that contribute to home insurance rates. Your demographics, like if you’re married, single, or divorced, affect your rate. If your home is made of brick, you can typically pay less in rates than for a house made of wood. And is your home older? Older homes and structurally unsafe homes can often lead to higher insurance premiums.

When you’re ready, you can get a home insurance quote for free. All you need to do is go to our home insurance comparison tool, enter your info, and submit it. In only a few minutes, you’ll have quotes based on what you need from your home insurance policy in Portland.