Average homeowners insurance cost in Oregon

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Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.

On average, Oregon homeowners insurance costs $1,741 a year, based on Insure.com’s data.

Learn more about the average homeowners insurance rates by company and ZIP code in Oregon.

Key Takeaways

Homeowners insurance costs an average of $1,741 a year, based on Insure.com analysis.
Of all the ZIP codes in Oregon, 97224 has the most affordable home insurance rates at around $1,423 annually.
In Oregon, Nationwide provides the most affordable home insurance at an average annual premium of $1,224.

Average home insurance cost in Oregon by coverage level

The average cost of homeowners insurance in Oregon is $1,741 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $2,170 per year for homeowners insurance in Oregon for $100,000 in liability protection and $1,000 deductible. Below, you can find the average cost of homeowners insurance in Oregon for dwelling coverage of $300,000, $400,000 and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,334	$111
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,347	$112
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,741	$145
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,755	$146
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,170	$181
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,185	$182
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,001	$250
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,019	$252
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$4,757	$396
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$4,778	$398

Homeowners insurance companies in Oregon decide rates based on risk. They consider your location, claims history, credit history and coverage limit when calculating premiums.

If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Oregon

It’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Oregon using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Oregon. Based on the analysis, American Family received the lowest NAIC score and A rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
American Family	$1,316	A	0.37	5
Farmers	$2,009	A	0.54	4.74
Nationwide	$1,224	A+	0.87	4.19
State Farm	$1,285	A++	0.95	4.07
Country Financial	$2,736	A+	0.26	4.04
Allstate	$1,685	A+	0.9	3.73

Average homeowners insurance cost by company in Oregon

Nationwide has the cheapest homeowners insurance rates in Oregon. Its average annual cost for Oregon homeowners is $1,224. State Farm and American Family also offer affordable insurance.

By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.

The table below shows the average annual and monthly insurance rates for homeowners in Oregon with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Nationwide	$1,224	$102
State Farm	$1,285	$107
American Family	$1,316	$110
Allstate	$1,685	$140
Farmers	$2,009	$167
Country Financial	$2,736	$228
USAA*	$1,655	$138

*USAA is only available to military community members and their families.

Oregon homeowners insurance rates by ZIP code

Insurance providers in Oregon factor in the risk of a given location when determining rates. ZIP codes with higher crime rates or frequent natural disasters are typically classified as high-risk, leading to increased premiums. Additionally, the cost of rebuilding or repairing homes in that area can affect your homeowners insurance costs.

To get the best deal on homeowners insurance rates in Oregon, take the time to shop around and compare quotes from multiple insurers. Additionally, don’t forget to ask about potential discounts, like bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Oregon

Not every area in Oregon has the same home insurance cost. How much you pay for homeowners insurance in Oregon depends on many factors, including your ZIP code. Our data shows that 97224 ZIP has low-cost home insurance rates in Oregon, at about $1,423 a year or $119 monthly.

Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Oregon.

ZIP code	Average annual rate	Average monthly rate
97224	$1,423	$119
97219	$1,449	$121
97140	$1,450	$121
97007	$1,451	$121
97123	$1,458	$121
97230	$1,460	$122
97233	$1,464	$122
97215	$1,466	$122
97202	$1,468	$122
97213	$1,472	$123

Most expensive ZIP codes for home insurance rates in Oregon

Your ZIP code plays a significant role in determining the cost of your homeowners insurance. In Oregon, some areas face higher premiums due to factors like high crime rates, greater risk of natural disasters and higher living expenses.

In Oregon, 97503 has the highest homeowners insurance rates, at $3,411 per year.

Here, we’ve highlighted some of the most expensive ZIP codes in Oregon for homeowners insurance:

ZIP code	Average annual rate	Average monthly rate
97503	$3,411	$284
97040	$2,415	$201
97058	$2,248	$187
97914	$2,206	$184
97037	$2,176	$181
97907	$2,128	$177
97917	$2,120	$177
97730	$2,112	$176
97911	$2,104	$175
97903	$2,101	$175

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Oregon by city

See rates in your city

Home insurance rate trend in Oregon

We analyzed home insurance rate trends in Oregon and found that homeowners insurance rates experienced an overall increase of 17% or $250, from 2022 to 2023.

The data below shows how much homeowners insurance rates have changed since 2019.

2019 rates	2022 rates	2023 rates
$1,104	$1,491	$1,741

To choose the right homeowners insurance, it’s important to conduct thorough research and compare rates from various insurers, as each evaluates risk differently. Comparing quotes from at least three companies can help you secure the most affordable coverage in Oregon.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.