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How to get affordable renters insurance in Oregon
Renters insurance is a great — and cheap! — way to ensure your personal belongings are insured against common incidents. Renters insurance protects personal items in the event of fire or smoke damage, a wind storm, theft, vandalism and a variety of other circumstances.
Unlike auto insurance, renters policies aren’t priced based on state-level legislation. Still, there are often variations in insurance pricing from state to state. Renters rates in US states differ based on the value of — and total number of — renters claims filed in that state, and depend on the value of the belongings being insured.
Getting renters insurance in Oregon is less expensive than the nationwide average. The typical annual renters insurance rate in Oregon is $165, $20 less expensive than the national average.
The best way to find an affordable renters insurance policy in Oregon is to get quotes from multiple companies. Learn how much renters insurance costs in Oregon via the below breakdown. Your rates may vary, depending on your coverage limits and the valuation of your belongings.
- Rates by company
- Rates by city
- Rates by coverage level
- Bundling discounts
- Frequently asked questions
Renters insurance rates in Oregon will vary based on the insurer you choose. Safeco underwrites the most affordable renters insurance in Oregon — just $108 per year. This compares favorably to the state average price of $165, offering a 34% price break on average policy costs statewide.
Start searching for cheap renters insurance by reviewing the cheapest Oregon renters insurance carriers, listed below.
AFFORDABLE RENTERS INSURANCE COMPANIES IN OREGON
|Company||Average Annual Rate in Oregon|
Not all Oregon cities have equal renters insurance rates. Pricing may depend on city-specific variables, including the number of claims filed nearby, giving your ZIP code weight in deciding how much you pay.
The most affordable renters insurance rates in Oregon are in Hillsboro. The average renters insurance policy in Hillsboro costs $158 each year — $7 less than the state average. The below cities have the most affordable renters insurance in Oregon.
CHEAPEST CITIES FOR RENTERS INSURANCE IN OREGON
|City||Average Annual Renters Insurance Rate|
Looking for renters insurance info for a particular city? Have a look at our breakdown of major metropolitan areas in Oregon.
The cost of your renters insurance depends on the amount of coverage you opt to carry. The most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In Oregon, the annual cost differential between these levels is about $57. If you can afford the up-front expense, purchasing more coverage might not be a bad idea.
|Coverage Level||Average Annual Renters Insurance Rate in Oregon|
If you’re seeking ways to save on your insurance expenditures, consider holding your car and renters policies with the same insurance company. A renters and car insurance bundle in Oregon can lead to substantial savings on car insurance. Bundling policies in Oregon may earn you a yearly discount of $83.
CAR AND RENTERS BUNDLING DISCOUNTS IN TEXAS
|Avg. Annual Rate (No Bundle)||Avg. Annual Rate (w/ Bundle)||Annual Savings ($)||Annual Savings (%)|
Is renters insurance required in Oregon?
In Oregon, a landord can require tenants to purchase and maintain renter's liability insurance. However, this requirement is waived if the tenant has a household income that is equal to or less than 50 percent of an area's median income.
What does Oregon renters insurance cover?
Oregon renters insurance provides coverage for your belongings as well as liability coverage in the event that someone is injured or causes damage to the property.
About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.