Portland, OR Renters Insurance

Renters insurance in Portland, Oregon

Renters insurance is critical if you’re renting an apartment or house. It insures your dwelling — and the personal property within — against a variety of perils, including fire, theft, vandalism, and wind damage. Given the likelihood of one of these incidents, the affordability of a renters policy, and the potentially high cost of replacing your belongings, a renters insurance policy is a solid investment.

The cost of your renters insurance will rely on a number of contributing factors, including the age of your dwelling, the materials of which it’s made, your apartment’s geographic location, and the pricing strategies of your renters insurance company. In areas prone to hail, fire, lightning, or damaging wind, renters insurance could be more expensive to account for the extra risk.

The average yearly price of renters insurance in Portland is $170.

Finding cheap renters insurance in Portland starts with shopping around and comparing policies. Check out our breakdown of Portland, Oregon renters insurance premiums to begin your search with as much background info as possible. Remember: renters insurance costs may vary based on your coverage limits and other factors.

Portland renters insurance:

  1. Rates by company
  2. Rates by coverage level
  3. Renters and auto insurance discounts

Renters insurance in Portland by insurance company

Renters insurance rates in Portland, Oregon depend on the insurance company you choose. For instance, Safeco offers the cheapest renters insurance in Portland, at just $106 per year. This compares favorably to the city's average cost of $170, providing a $64 discount on the city's normal rates.

Begin your search for a renters insurance policy by exploring the cheapest insurers in Portland.

CompanyAverage Annual Rate in Portland
State Farm$134

Portland renters insurance premiums by coverage level

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 Portland, the annual cost differential between these options is about $63. If you can afford the up-front expense, purchasing more coverage might not be a bad idea.

Coverage LevelAverage Annual Rate in Portland
$25K Property$139
$50K Property$202

Tip: bundle your renters and car insurance

If you’re looking to cut your insurance expenditures, purchase your renters and auto policies from the same company. Bundling renters and car insurance in Portland can lead to substantial savings. In fact, bundling renters and auto insurance leads to average savings of 5.5% on car insurance premiums. The auto insurer with the cheapest bundled rate is GEICO, followed by Country and American Family.

Annual Bundle SavingsBundle Savings %

Need renters insurance? Talk to an expert today.

Ava Lynch LinkedIn

Ava worked in the insurance industry as an agent for four-plus years. Currently providing insights and analysis as one of The Zebra’s resident property insurance experts, Ava has been featured in publications such as U.S. News & World Report, GasBuddy, and Yahoo! Finance.