Best Portland Homeowners Insurance Quotes (2025)
Capital Insurance Group, American Family, and Nationwide offer the best homeowners insurance policies in Portland, Oregon.
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Written byJessica Martel
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Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. She 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. She holds a Masters of Science degree in Cognitive Research Psychology.
Jessica has been a contributor at Insurify since July 2023.
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Edited byBecky Helzer
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Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.
A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.
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Table of contents
Home insurance in Portland, Oregon, averages $1,206 annually for a policy with $300,000 in dwelling coverage and a $1,000 deductible. This is slightly less than the Oregon home insurance average of $1,268 for the same coverage. Portland is at risk for wildfires, flooding, earthquakes, and landslides.[1] [2] [3] [4]
For these reasons, it may be wise to explore coverage add-ons when comparing home insurance prices to ensure your home is sufficiently protected.
Quick Facts
Home insurance in Portland costs less than the national average of $2,584 per year for a $300,000 policy with a $1,000 deductible.
Since 2020, Oregon has reported nearly $3 billion in wildfire losses, causing a rise in home insurance premiums.[5]
Located near the Cascadia Subduction Zone fault, Oregon has the potential for a 9.0+ magnitude earthquake.
Best home insurance companies in Portland
Portland homeowners have many quality home insurance companies to choose from. The best home insurance company for you depends on your coverage needs and budget.
Best company for cheap rates: Capital Insurance Group
cheap 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. | $70/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) offers personal, commercial, and agricultural insurance products in Oregon, California, Nevada, Arizona, and Washington. Along with offering some of the best rates on home insurance coverage, CIG can help you save money when you bundle your home and auto insurance. You can also customize your home insurance with coverage for sports equipment and high-value items like jewelry, art, antiques, and firearms.
Pros
Affordable rates
Bundling discount
Local agent
Cons
Slightly lower AM Best rating than some competitors
No Better Business Bureau (BBB) accreditation
Not rated on Trustpilot
Best company for flash flooding coverage: American Family
flash flooding 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. | $100/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 |
In addition to standard home insurance options, American Family offers a wide range of add-ons, including coverage for flash floods, equipment breakdown, hidden water damage, and more. Because Portland homeowners face flooding risks from severe weather, melting snow, and flash floods, American Family’s supplementary flash flood insurance can help protect your home and offer peace of mind.
Pros
Very few customer complaints reported to the National Association of Insurance Commissioners (NAIC)
Savings of up to 23% when bundling home and auto insurance
Local agent available
Cons
Below-average customer satisfaction rating in the J.D. Power 2024 U.S. Home Insurance Study
Slightly lower AM Best rating than some competitors
No BBB accreditation
Best company for earthquake coverage: Nationwide
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. | $90/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 |
Nationwide offers basic homeowners insurance coverage and a list of optional add-ons to protect you from identity theft, water backup, flooding, and earthquakes. To help you save, Nationwide also offers multi-policy, claims-free, and gated community discounts, along with savings if you have protective devices or smart home technology or if you’ve renovated your home’s mechanical systems.
Pros
Above-average customer satisfaction rating in the J.D. Power 2024 U.S. Home Insurance Study
Many available discounts
Optional earthquake and flood insurance
Cons
Higher-than-average number of customer complaints reported to the NAIC
Can’t purchase a policy online
Low Trustpilot rating of 1.5 out of 5 stars
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.
Cheapest home insurance companies in Portland
Capital Insurance Group offers some of the cheapest home insurance premiums in Portland, averaging $621 annually for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
The following table highlights prices for $300,000 in dwelling coverage with a $1,000 deductible from several insurance companies.
Insurance Company  | Average Annual Premium |
|---|---|
| Capital Insurance Group | $621 |
| Mutual of Enumclaw | $725 |
| Travelers | $763 |
| Grange | $817 |
| USAA | $864 |
| Allstate | $915 |
| Unitrin | $951 |
| Nationwide | $1,040 |
| American Family | $1,108 |
| Foremost | $1,160 |
| State Farm | $1,203 |
| Farmers | $1,354 |
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How much is home insurance in Portland?
The average cost of home insurance in Portland, Oregon, is $1,206 per year, or $100 per month, for $300,000 in dwelling coverage with a $1,000 deductible.
Premiums can vary based on factors such as your ZIP code, deductible, type of coverage, the insurance company you choose, and how much insurance you need.
Cost of home insurance by dwelling coverage in Oregon
Dwelling coverage protects the physical structure of your home, including attached structures like a garage or porch. Premiums increase with higher dwelling coverage limits, but it’s essential to ensure you have enough coverage to rebuild your home if needed.[6]
The table below shows average annual premiums for different dwelling coverage limits, each with a $1,000 deductible.
Coverage Limit | Average Annual Premium |
|---|---|
| $100,000 | $671 |
| $200,000 | $965 |
| $300,000 | $1,268 |
| $400,000 | $1,617 |
| $500,000 | $1,956 |
Cost of homeowners insurance by deductible amount
When you submit a homeowners insurance claim, you’ll pay a deductible before your insurance kicks in.
Your deductible is one of the factors affecting your monthly premium. Generally, the higher your deductible, the lower your premium. When choosing a deductible, consider how much you can afford out of pocket if you need to file a claim.
The following table shows the difference in premiums between a $500 deductible and a $1,000 deductible for a policy with $300,000 in dwelling coverage in Portland.
Deductible Amount | Average Annual Premium |
|---|---|
| $500 | $1,272 |
| $1,000 | $1,206 |
Average cost of home insurance in other cities in Oregon
The city you live in — and even different ZIP codes within the same city — can affect your home insurance premiums. For instance, homeowners who live in cities prone to flooding or wildfires likely have higher premiums. Conversely, homeowners who live near a fire station or in a town with low crime rates may have lower premiums.
The table below highlights average annual home insurance premiums for $300,000 in dwelling coverage with a $1,000 deductible in several Oregon cities.
City | Average Annual Premium |
|---|---|
| Hillsboro | $1,208 |
| Beaverton | $1,211 |
| Eugene | $1,271 |
| Salem | $1,298 |
| Oregon City | $1,340 |
| Bend | $1,438 |
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What to know about owning a home in Portland
These are some of the risks to be aware of as a homeowner in Portland:
Wildfires
Since 2020, Oregon has reported nearly $3 billion in wildfire losses, causing many homeowners’ premiums to rise. A standard homeowners insurance policy typically covers damage from a wildfire. If you struggle to find coverage in the standard insurance market, you can apply for insurance through the Oregon FAIR Plan.[7]
Flooding
Portland is located on the Columbia and Willamette rivers, and since the city has many waterways, flooding is a risk. If you live in a floodplain and have a mortgage through an FDIC-backed lender, purchasing flood insurance may be a requirement. Since home insurance rarely covers flood damage, you can buy coverage through the National Flood Insurance Program (NFIP).
Earthquakes and landslides
Oregon’s location near a fault line puts it at risk for a major earthquake. Some areas in Portland are also at risk of landslides, especially those at higher elevations. While standard homeowners insurance policies don’t cover earthquakes or landslides, you can buy a “difference in conditions” policy from a surplus lines insurer. This coverage protects homes from landslides, mudflows, earthquakes, and floods.[8]
Portland home insurance FAQs
For more information about home insurance in Portland, see the answers below to some frequently asked questions.
The average monthly cost of home insurance in Portland is $100 for a policy with $300,000 in dwelling coverage and a $1,000 deductible. Your rates may vary based on factors like your home’s age and construction, your ZIP code, your deductible, and the type of insurance you choose.
Capital Insurance Group offers the cheapest home insurance in Portland, at $621 per year for $300,000 in dwelling coverage with a $1,000 deductible, according to Insurify data.
The 80% rule for home insurance states that you need to buy enough insurance to cover at least 80% of your home’s replacement value if you want your insurance company to cover the full cost of repairs when you file a claim.
Common risks for homeowners in Oregon include wildfires, flooding, and landslides. A standard homeowners policy covers damages from wildfires, but you may need to buy additional insurance to protect your home against flooding and landslides.
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.gove. "Reducing the Risk of Wildfire."
- Portland.gov. "Flooding in Portland."
- Temblor. "Portland’s seismic hazards stem from subduction zone, local faults."
- Portland.gov. "Landslides, flooding, and sandbags."
- Oregon.gov. "Understanding homeowners insurance."
- Insurance Information Institute. "How much homeowners insurance do I need?."
- OFPA Oregon FAIR Plan Association. "The Insurance Market of Last Resort."
- Insurance Information Institute. "Insurance for landslides and mudflow."
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Jessica Martel
Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. She 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. She holds a Masters of Science degree in Cognitive Research Psychology.
Jessica has been a contributor at Insurify since July 2023.
Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.
A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.