Oregon Homeowners Insurance

Finding a homeowners insurance policy doesn’t need to be stressful. Compare rates by city and insurance company below.

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How to find cheap home insurance in Oregon


Homeowners insurance is an optional — but important — product that works to keep your belongings safe in the event your house or property suffers damage from common incidents. A homeowners policy covers your dwelling, personal property, and other buildings in the event of an array of circumstances, including theft, fire, vandalism, or wind damage.

Unlike auto insurance, home insurance is not priced based on state-level legislation. Even so, major differences exist in homeowners insurance rates from state to state. Insurance policy prices in US states may differ depending on the number and value of home policy claims filed in that state, and depend on the value of the belongings and property you're covering.

The best way to find a cheap homeowners insurance policy in Oregon is to get quotes from multiple companies. Get an idea of homeowners insurance costs in Oregon via the below data. Your rates may vary, depending on your coverage limits.


Homeowners insurance in Oregon:
  1. Homeowners rates by company
  2. By city
  3. Rates by coverage level
  4. Rates by deductible level
  5. Home-and-auto bundling discounts
  6. FAQs

Homeowners insurance rates in Oregon by company

Homeowners insurance rates in Oregon vary depending on which insurer you choose. Safeco offers the best deal on home insurance in Oregon — just $367 yearly. This compares favorably to Oregon's average price of $840, offering a $473 discount on average policy costs statewide.

Begin the hunt for a home insurance policy by reviewing the cheapest Oregon companies, listed below.


HOME INSURANCE RATES IN OREGON: BY CARRIER
CompanyAverage Annual Rate in Oregon
Safeco$367
Enumclaw$472
Travelers$634
Oregon Mutual$651
MetLife$733

Oregon home insurance costs: by city

Homeowners insurance rates in Oregon differ by city. Prices may depend on local variables such as the likelihood of weather-related claims in the area, meaning your ZIP code could have a major impact on how much you pay.

The cheapest homeowners insurance in Oregon is available in Tualatin. An average homeowners insurance policy in Tualatin costs just $697 per year — $143 less than the statewide average. Reference the below table to see the cheapest cities in Oregon for home insurance.


CHEAPEST HOME INSURANCE CITIES IN OREGON
CityAverage 12-Month Home Insurance Rate
Tualatin$697
Aloha$703
Hillsboro$718
Beaverton$725
Corvallis$730

Average home insurance prices in Oregon by coverage levels

How much you spend on home insurance coverage is greatly affected by the level of coverage you choose. Homeowners in Oregon who carry $100,000 of dwelling coverage pay an average of $419 per year, while those with dwelling coverage of $400,000 pay around $1,001 per year.


HOMEOWNERS INSURANCE RATES IN OREGON — COMMON COVERAGE LIMITS
Coverage LevelAverage Annual Cost
$100,000 Dwelling$419
$200,000 Dwelling$608
$250,000 Dwelling$696
$400,000 Dwelling$1,001

Compare Homeowners Insurance Rates

Homeowners insurance deductibles in Oregon

Homeowners have a lot of decisions to make when deciding on a homeowners insurance policy, including how much their deductible should be. A homeowners deductible is the amount you must pay out of pocket toward a covered loss. The deductible chosen can impact your insurance rates directly.

When thinking about your deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. This means that those looking for lower rates will want to consider a higher homeowners deductible. It's worth remembering that a homeowners deductible should only be as high as you can reasonably pay in the event of a loss.

Below are some standard deductible options offered on most home policies as well as with corresponding average insurance rates.


HOMEOWNERS INSURANCE COSTS BY DEDUCTIBLE LEVEL IN OREGON
Deductible LevelAverage Annual Home Insurance Rate
$500$757
$1,000$696
$1,500$664
$2,000$626
$5,000$540

Oregon insurance bundling discounts: home and auto

If you want to save on insurance, consider purchasing your homeowners and car insurance policies from the same company. A home and car insurance bundle in Oregon can lead to substantial savings on your auto insurance bill. Bundling policies in Oregon leads to a yearly discount of $160.


HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN OREGON
Avg. 12-Month Auto Insurance Rate (No Bundle)Avg. 12-Month Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$1,373$1,213$16013%

You can save money on insurance by bundling your home and auto policies. Start shopping today!


Looking for information on homeowners insurance in a specific city?

  1. Portland

Oregon homeowners insurance FAQs


Does GEICO do homeowners insurance in Oregon?

Yes - GEICO provides coverage for homeowners in the state of Oregon.

Does homeowners insurance cover boats in Oregon?

In Oregon, it's typical for many homeowners policies to extend liability coverage to boats under a certain size (usually under 25 feet in length and 50 horsepower). This means that it is likely to pay should you cause an accident. However, this will not typically provide much coverage for damages to your boat. For more robust coverage you may need a separate boat policy.

Does Oregon allow a non-homeowner to insure a house?

Oregon requires you to have an "insurable interest" in the property before you are allowed to insure it. As a non-homeowner, it's highly unlikely that any insurance company would allow you to take out a policy on a piece of property owned by others.


Fire insurance in Oregon

Fire damage is typically covered by every standard home insurance policy in Oregon.If a fire destroyed or damaged your home,your home insurance company would cover the damage to your property — up to your policy limits. The frequency of wildfires inOregon reinforces the importance of having home insurance: 9% of houses in the state are considered at risk of sustaining wildfire damage, and897, 263acres were burned in the state in 2018.*

Dealing with wildfires and home insurance can get complicated. Check out our guide to learn more

Your home insurance policy would cover additional living expenses if your dwelling is deemed uninhabitable. Damage occurring via arson — or fire-related damage to a vacant home — will not be covered by a home insurance policy.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-wildfires)


Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to auto and home insurance. He has a background in writing and education, as well as a masters degree from Royal Holloway, University of London. He has been quoted by Kin Insurance, Safety.com, and autoinsuranceEZ.com.