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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Best homeowners insurance companies in  Oregon for 2024

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Jessa Claeys is an insurance editor for Bankrate with over a decade of experience writing, editing and leading teams of content creators. She currently covers auto, home and life insurance with the goal of helping others secure a healthy financial future. Her work has been published by several insurance, personal finance and investment-focused publications, including Jerry, BiggerPockets, 401(k) Specialist, BP Wealth and more.

Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.

Jessa Claeys is an insurance editor for Bankrate with over a decade of experience writing, editing and leading teams of content creators. She currently covers auto, home and life insurance with the goal of helping others secure a healthy financial future. Her work has been published by several insurance, personal finance and investment-focused publications, including Jerry, BiggerPockets, 401(k) Specialist, BP Wealth and more.

Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.

Powered by Coverage.com (NPN: 19966249)

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict  editorial integrity, this post may contain references to products from our partners. Here’s an explanation of  how we make money. Our content is backed by Coverage.com  LLC, a licensed entity (NPN: 19966249). For more information, please see our  Insurance Disclosure.

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Based on Bankrate’s research, the best Oregon homeowners insurance comes from USAA, State Farm and Allstate. To select these insurers, Bankrate compared companies by market share, financial strength, customer satisfaction, average rates from Quadrant Information Services and more.

Prospective policyholders can utilize our analysis and Bankrate Score model to help find the best home insurance companies in Oregon for your situation. While looking for the best home insurance companies in OR, here are some points to note:

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.

Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.

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Compare the best homeowners insurance companies in Oregon

Based on our research, USAA, State Farm and Allstate offer some of the best Oregon homeowners insurance. In choosing the companies below, Bankrate considered each insurer’s coverage options, discount opportunities, customer satisfaction, digital tools and more. Below, we’ve outlined our findings, including up-to-date average quoted premiums from Quadrant Information Services.

Bankrate's trusted insurance industry expertise

The home insurance market can be complicated, but Bankrate's insurance editorial team used our unique perspective to bring readers information they need to make educated decisions when shopping for home insurance.

46

years of industry expertise

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

The top 5 home insurance companies in Oregon

Best for military-focused coverage

4.7

4.7

Avg. premium for $300K dwelling

$58/mo

Avg. premium for $300K dwelling

$693/yr

Customer satisfaction

881/1,000

Why USAA made our list: USAA is not eligible for official ranking with J.D. Power because it only sells insurance to active-duty military members and veterans and their qualifying family members. However, the company consistently receives some of the highest scores in the industry for customer satisfaction and offers below-average rates on homeowners insurance policies. Additionally, USAA tied for Best Home Insurance Company Overall in the Bankrate Awards three years in a row. If you qualify for coverage, your home insurance with USAA may also come with military-focused coverage options, like uniform coverage.

Who USAA may be good for: USAA may be good for individuals looking for military-focused coverage.

CheckmarkPros

Close XCons

If you fit USAA's military-focused demographic, you may want to check out the optional coverage types that the company offers in addition to its basic homeowners insurance coverage. These include the following:

Best for online resources

4.2

4.2

Avg. premium for $300K dwelling

$96/mo

Avg. premium for $300K dwelling

$1,155/yr

Customer satisfaction

829/1,000

Why State Farm made our list: State Farm is the largest home insurance company in the country by market share. The coverage from State Farm is fairly standard, but Oregon homeowners get access to a wide variety of online tools and resources, plus a mobile app. State Farm also offers generous discounts for those who are eligible. The carrier partners with Ting to provide qualifying homeowners with a free device that monitors a home’s electrical system and can help identify problems before they start a fire.

Who State Farm may be good for: State Farm may be a good fit for people who want an array of online resources and the ability to manage their policy and claims digitally.

CheckmarkPros

Close XCons

As the largest writer of personal insurance policies in the U.S., it's not surprising that State Farm offers a full range of additional coverage types, allowing you to add functionality to your policy. Consider the following optional add-ons if you have a State Farm policy:

Best for personalized coverage

4.2

4.2

Avg. premium for $300K dwelling

$99/mo

Avg. premium for $300K dwelling

$1,186/yr

Customer satisfaction

809/1,000

Why Allstate made our list: Allstate’s home insurance policies are more expensive on average than the average cost of homeowners insurance in Oregon, but this could be due to the wide array of optional coverage choices that Allstate offers. With a policy from Allstate, you may be able to add coverage for sports equipment, musical instruments, business property and electronic data recovery. You may also be able to lower your premium with the company’s discounts for being claims-free, being a new homebuyer, paying on time and switching to Allstate from another insurance carrier. In the 2024 Bankrate Awards, Allstate tied with USAA for Best Home Insurance Company Overall for the second year running.

Who Allstate may be good for: Allstate may be a good choice for those interested in a high level of policy personalization.

CheckmarkPros

Close XCons

Bankrate Awards winner (tied) for Best Home Insurance Company Overall, Allstate has a comprehensive range of optional endorsements to allow for policy customization. The company makes it easy for you to build a policy that meets the unique needs of your property. Consider these options:

Best for endorsement add-ons

4.2

4.2

Avg. premium for $300K dwelling

$63/mo

Avg. premium for $300K dwelling

$758/yr

Customer satisfaction

813/1,000

Why American Family made our list: AmFam, as it is commonly known, offers a robust selection of coverage options in addition to its basic coverage for dwelling, other structures, liability and property. This may make it a good choice for homeowners who wish to customize their policies to provide the most personalized coverage. AmFam has endorsements for hidden water damage, service line damage, matching siding and more. They also offer coverage for home businesses, short-term rentals, vacant homes and vacation home coverage.

Who American Family may be good for: AmFam may be a good option for those who wish to work with a local agent to craft a policy that works best for their unique situation.

CheckmarkPros

Close XCons

AmFam is a well-established provider that offers good coverage options to policyholders at an affordable price. If you are considering purchasing a policy with the company, here are some of the optional coverage add-ons you may include:

Best for low average rates

4.1

4.1

Avg. premium for $300K dwelling

Not available

Avg. premium for $300K dwelling

Not available

Customer satisfaction

790/1,000

Why Travelers made our list: Travelers offers one of the cheapest average premiums of any company on our list and also offers one of the longest lists of optional coverage. You may want to consider adding jewelry and valuable item coverage, identity fraud or green home coverage. You might be able to lower your premium even more by being claims-free, buying more than one type of policy from Travelers and having a home security system. Travelers does have a lower-than-average customer satisfaction score from J.D. Power though, so it might not be the best fit if you’re looking for outstanding service.

Who Travelers may be good for: Travelers may be a good company for homeowners interested in finding numerous add-ons and some of the lowest average rates.

CheckmarkPros

Close XCons

Travelers offers low average annual rates for policyholders, but you may want to pay extra to add on one or more of the company's endorsements. These include the following options:

Additional Oregon home insurance companies to consider

Farmers Insurance

Who this may be best for

Homeowners wanting diverse pre-selected options

Farmers insurance offers all the usual standard policy options that allow you to build a policy that will protect your home. In addition, the company has some nice add-ons, including extended replacement cost, which pays up to 25 percent above your policy limits in a covered claim, and guaranteed replacement cost, which offers coverage for the full cost of repairs no matter what the cost. Other options include building ordinance or law coverage, identity theft, sewer and drain water damage and flood insurance. Although Farmers has an extensive list of agents for you to work with, it also has a mobile app that allows you to manage your policy, report a claim or get a quote.

Mutual of Enumclaw

Who this may be best for

Homeowners looking for a local company with low rates

Mutual of Enumclaw offers some of the cheapest home insurance in Oregon. The company only writes policies in a few states in the Pacific Northwest, so it may be appealing to homeowners looking for a company that understands the needs of the region. Mutual of Enumclaw has partnered with Wildfire Defense Systems to offer wildfire protection as part of its policy. The company also offers 24/7 claims service.

How Bankrate chose the best home insurance companies in Oregon

To find the best homeowners insurance companies in Oregon, we reviewed several key metrics of the largest insurance carriers by market share, starting with the average premiums based on data from Quadrant Information Services. We also looked into discounts, coverage options and third-party ratings from J.D. Power’s 2023 U.S. Home Insurance Study and AM Best. The information from this research was analyzed and a Bankrate Score was assigned to each of the Oregon homeowners insurance companies. These scores, based on a five-point scale, provide an overall snapshot so you can quickly determine if one provider may be better for your needs versus another.

Cheapest home insurance companies in Oregon

Although the average cost of Oregon home insurance is below the national average, it still pays to shop around to find the lowest possible price for your policy. If your top priority is finding cheap coverage, you may want to consider asking for quotes from these companies:

How to get cheap home insurance in Oregon

If you have a mortgage, then your lender likely requires home insurance. Still, even without a mortgage, home insurance coverage can offer financial protection for one of your most important assets. Without homeowners insurance, you’ll be left paying out of pocket for any repairs or replacements your home requires in the wake of what might’ve otherwise been a covered incident.

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers.

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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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Best home insurance discounts in Oregon

Using discounts can be a great way to save on your homeowners insurance premiums. Not all homeowners will be eligible for all discounts and discounts can vary by company and location.

How to save on home insurance policy renewals in Oregon

After you have purchased your policy, there are a number of strategies you can use to keep your premium down. Here are a few factors you should consider before it's time to renew your policy:

How much is home insurance in Oregon?

The average home insurance cost in Oregon is $1,050 annually for $300,000 in dwelling coverage. This is far below the national average, which is currently $2,153 per year for the same amount of dwelling coverage. One reason for this may be that Oregon typically experiences less volatile weather conditions versus other states in the Northwest.

Oregon homeowners insurance rates by city

Even within a single state, insurance rates can vary from city to city. For example, a city that has higher crime rates may see more pricey home insurance than an area where crimes such as vandalism and theft are lower. Weather patterns may also differ from city to city, impacting premium costs.

*Rates are for $300,000 in dwelling coverage.

What does home insurance cover in Oregon?

The most common type of home insurance policy in the U.S. is called an HO-3 policy. It covers your home in several different ways. Your personal property is covered under a named peril basis, which means that it is protected from damage caused by a standard list of perils, such as fire and winter storms. Your home and other buildings are protected on an open peril basis — meaning you'll be covered for anything that is not specifically excluded from your policy.

Here is a list of what is covered by your basic HO-3 policy:

Additional home insurance coverage types in Oregon

Like other states, Oregon has its own list of potential risks for homeowners, including flooding and earthquake damage. There is also a high risk of wildfires in the state — amongst the highest in the U.S., according to the Insurance Information Institute. Some policyholders may choose to supplement their Oregon homeowners insurance policies by adding coverage, such as flood or earthquake insurance, to provide greater financial protection for these (or other) hazards.

Related content:

Oregon housing market: everything you need to know Previously Read

Oregon first-time homebuyer assistance programs Previously Read

Buying a home in Oregon: a how-to Previously Read

Common Oregon home insurance problems

The home insurance market is changing rapidly in the U.S., adapting to climate change and economic uncertainties. Here are some common issues that Oregon homeowners may have to contend with:

!

Beginning in 2024, new Oregon state laws require greater transparency from home insurance providers if they raise rates or cancel policies for homeowners affected by wildfires. The new legislation also mandates that home insurance companies must consider fire prevention methods when setting rates. Additionally, if a home was burnt in a fire, homeowners are now required to receive some level of compensation for their destroyed property even if they are unsure of the exact value, and rebuild periods have been extended to three years.

Frequently asked questions

What is the cheapest homeowners insurance company in Oregon?

The cheapest home insurance company in Oregon for your home will depend on several factors. Your insurance history, home structure, exact location and marital status may influence insurance rates. These variables differ between individuals, and how insurance companies weigh these factors varies between insurers. As a result, the cheapest home insurance company for one person may not be the same for another. That is one reason experts suggest shopping around with multiple companies when looking for a new policy.

The cheapest home insurance company in Oregon for your home will depend on several factors. Your insurance history, home structure, exact location and marital status may influence insurance rates. These variables differ between individuals, and how insurance companies weigh these factors varies between insurers. As a result, the cheapest home insurance company for one person may not be the same for another. That is one reason experts suggest shopping around with multiple companies when looking for a new policy.

Is homeowners insurance required in Oregon?

Home insurance is not required by law in Oregon. But, if you have a mortgage or other type of home loan on your house, your lender may require you to purchase home insurance. Regardless of whether or not it is required, getting homeowners insurance can be a smart investment. Having a policy in place can protect your finances if your home is damaged or destroyed by a covered incident.

Home insurance is not required by law in Oregon. But, if you have a mortgage or other type of home loan on your house, your lender may require you to purchase home insurance. Regardless of whether or not it is required, getting homeowners insurance can be a smart investment. Having a policy in place can protect your finances if your home is damaged or destroyed by a covered incident.

How do I get homeowners insurance in Oregon?

One of the first steps in getting an Oregon home insurance policy is to get and compare quotes. You will need to provide some basic personal information, like your address and birth date, as well as information about your home, such as the year it was built, the age of the roof and information about any unique or custom features. Having an idea of the coverage you want to purchase can be helpful, but an agent may also help you choose. Once you decide to proceed with a policy, your agent can let you know what steps to take. You may need to sign an application or make a payment.

One of the first steps in getting an Oregon home insurance policy is to get and compare quotes. You will need to provide some basic personal information, like your address and birth date, as well as information about your home, such as the year it was built, the age of the roof and information about any unique or custom features. Having an idea of the coverage you want to purchase can be helpful, but an agent may also help you choose. Once you decide to proceed with a policy, your agent can let you know what steps to take. You may need to sign an application or make a payment.

Deciding how much coverage to buy is an important part of the insurance process. If you have a home loan, you will likely be required to carry at least enough dwelling coverage to pay off your loan if the home is destroyed. Most insurance professionals recommend insuring your home to its full replacement value. You should also consider your liability coverage and how much you might need to protect your assets from guest injuries or damage to the property of others. Working with an insurance agent might help you choose appropriate coverage levels.

Deciding how much coverage to buy is an important part of the insurance process. If you have a home loan, you will likely be required to carry at least enough dwelling coverage to pay off your loan if the home is destroyed. Most insurance professionals recommend insuring your home to its full replacement value. You should also consider your liability coverage and how much you might need to protect your assets from guest injuries or damage to the property of others. Working with an insurance agent might help you choose appropriate coverage levels.

Methodology

Bankrate utilizes Quadrant Information Services to analyze May 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:

The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply. 

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Bankrate Scores

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Jessa Claeys is an insurance editor for Bankrate with over a decade of experience writing, editing and leading teams of content creators. She currently covers auto, home and life insurance with the goal of helping others secure a healthy financial future. Her work has been published by several insurance, personal finance and investment-focused publications, including Jerry, BiggerPockets, 401(k) Specialist, BP Wealth and more.

Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.

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