Portland Homeowners Insurance

The Zebra
Aug. 26, 2019

Find affordable home insurance in Portland


A critical consideration for every homeowner should be their home insurance coverage. Fire, vandalism, theft, and wind damage are just a few of the perils for which homeowners insurance can protect your dwelling and personal property. Given the relatively frequent occurrence of these incidents and the significant cost of replacing a home, homeowners coverage is a solid investment.

What you pay for homeowners insurance depends on myriad factors, including the value of the dwelling, the value of your personal items, and the materials used to construct the home. Your home's location can also impact how much you pay, as some locations are more prone to destructive hazards. If your area is at risk of being affected by hail, strong winds, fire, frozen pipes, or volcanic activity, then your premiums could be substantially higher than average. Find out more about what is covered by a homeowners insurance policy.

If you want to find cheap home insurance in Portland, start with looking around and comparing what different companies offer. Have a look at the summary below comparing average home insurance rates in Portland to help you get as much information as possible when you start your search for homeowners insurance. It's important to remember that the cost of your homeowners insurance is often based on the coverage limits you choose as well as a variety of other factors.


Portland, Oregon, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Homeowners insurance in Portland by insurance company

What you pay for homeowners insurance in Portland will depend on the insurance company you get your policy through. Safeco offers the most affordable home insurance in Portland, at just $367 per year. This compares favorably to the city’s average homeowners premium of $785.

To get started with your homeowners insurance policy search, take a look at this list of the cheapest companies in Portland, Oregon.


CHEAP HOME INSURANCE COMPANIES IN PORTLAND
CompanyAverage Annual Rate
Safeco$367
Enumclaw$432
Travelers$583
Oregon Mutual$657
Allstate$661

Average home insurance costs in Portland by coverage level

The amount of homeowners coverage you select has an impact on your insurance premiums. In Portland, carrying $200K dwelling coverage costs an average of $630, while carrying additional coverage up to $400K costs $1,022 per year.


HOMEOWNERS INSURANCE RATES IN PORTLAND — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$630
$400K Dwelling$1,022

Speak with a homeowners insurance expert

Portland home insurance prices by ZIP code

Depending on which part of Portland you live in, you might see vastly different home insurance costs. Policies are often priced on local variables such as the number of claims filed in the immediate area, meaning the neighborhood in which you live could have a major impact on how much you pay to insure your home.

If you're looking for the most affordable homeowners insurance premiums in Portland, take at look at the 97224 ZIP code. In the 97224 area, homeowners coverage usually costs just $695 a year — a full $90 less than the Portland average. Find the best places to live in Portland for cheap home insurance by looking at the following table.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN PORTLAND
ZIP CodeAverage Annual Home Insurance Rate
97224$695
97225$715
97223$715

Other parts of Portland, however, have home insurance premiums that are higher on average. Crime rates, fire risk, and even your proximity to emergency services could lead insurance companies to see certain neighborhoods as higher risk, which could drive up area rates. One of the costliest ZIP codes for home insurance in Portland is 97267, with an annual average rate of $873.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN PORTLAND
ZIP CodeAverage Annual Home Insurance Rate
97267$873
97205$861
97204$829

Money-saving tip: bundle home and auto insurance in Portland

If you’re seeking savings on your overall insurance costs, consider purchasing your home and auto policies from the same insurance company. Bundling home and auto insurance is one way to save substantially on your monthly car insurance premiums. Bundling policies in Portland could, in fact, lead to average annual savings of 11%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN PORTLAND
CompanyAvg. Annual Auto Insurance Rate (Bundle)
State Farm$1,271
GEICO$1,370
Farmers$1,394
Oklahoma Farm Bureau$1,506
Progressive$1,774

A great way to save on insurance is to bundle your home and auto policies with the same insurance company. Call 855-493-9728 to speak with an insurance specialist today.


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