Average homeowners insurance cost in Oregon

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The average cost of home insurance in Oregon is $1,741 per year for a standard policy.

Your premium is shaped by the dwelling coverage limit you select and the level of protection you need. Broader coverage generally means a higher cost. Higher coverage means higher premiums. Nationwide stands out for its more affordable rates in the state, offering solid value as you weigh different levels of coverage.

Compare quotes from multiple insurers and ask each one what discounts they offer. Premiums can differ significantly from company to company because they weigh things like where your home is located, how old it is, what it’s built from, the shape your roof is in, and your past claims. Pulling several quotes tied to your specific address is the surest way to spot the best value.

Key Takeaways

Based on our data, homeowners insurance in Oregon costs an average of $1,741 per year.
Among all ZIP codes in Oregon, 97224 has the most affordable rates, averaging around $1,423 annually.
For the lowest insurer rates in Oregon, Nationwide comes in at an average annual premium of $1,224.

What is the average cost of homeowners insurance in Oregon?

Homeowners in Oregon pay an average of $1,741 per year for a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

How much is home insurance in Oregon? Cost by coverage level

The typical homeowners insurance policy in Oregon runs $1,741 per year, assuming $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

Stepping up to $400,000 in dwelling coverage, with the same liability and deductible settings, brings the average annual cost to $2,170 in Oregon.

The table below shows average homeowners insurance costs in Oregon for dwelling coverage from $200,000 to $1 million.

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

Average home insurance cost in Oregon by insurer

Nationwide has the lowest average homeowners insurance premiums in Oregon at $1,224 per year. State Farm and American Family also offer competitive rates worth comparing.

Taking the time to shop around can save you a significant amount each year.

The table below shows average annual and monthly rates from insurers in Oregon, based on $300,000 in dwelling coverage, $100,000 in liability protection, 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.

How to lower your home insurance rate

Shop around. A single quote won’t tell you much. Comparing rates from three or four different insurers in Oregon is the surest way to find a competitive price.
Bundle your policies. Pairing home and auto insurance, or renters and auto, with the same provider is a straightforward way to qualify for multi-policy discounts.
Ask about smart home discounts. Home security systems, smoke detectors, and leak detection devices are upgrades that many insurers reward with lower premiums.
Check for other savings. It’s worth asking your insurer about loyalty discounts, claims-free incentives, and credits for improvements like fire-resistant roofing materials.

How does your ZIP code affect home insurance rates in Oregon?

Where you live plays a major role in what you pay for home insurance. Your ZIP code signals the level of risk in your area, so places prone to crime, natural disasters, or costly rebuilds tend to come with higher premiums.

Here’s a look at the most and least affordable ZIP codes for home insurance across Oregon.

Most affordable ZIP codes for home insurance rates in Oregon

The most affordable rates are in 97224, where homeowners pay $1,423 per year on average.

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.

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 in Oregon

97503 carries the highest average home insurance rates in Oregon, at $3,411 per year.

ZIP codes with higher premiums typically reflect a combination of elevated crime, greater natural disaster exposure, and higher local costs of living and construction.

Below are average rates for some of the most expensive ZIP codes in Oregon.

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

What are the best homeowners insurance companies in Oregon?

Based on our data, American Family stands out as the top choice in Oregon. It earns an AM Best rating of A and holds one of the lowest NAIC complaint scores statewide-a strong sign of both reliability and customer satisfaction.

To pinpoint the most trustworthy insurers, we measured each company against two benchmarks:

AM Best Ratings gauge a company’s financial strength and its ability to pay claims when you need it most.
NAIC Complaint Scores compare how often a company is the subject of complaints relative to its size, with lower scores pointing to fewer problems.

Looked at together, these benchmarks give a dependable picture of an insurer’s financial footing and the experience you can expect as a customer. The table below ranks the leading companies in Oregon by annual premium, financial rating, and complaint history.

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

How to understand insurer ratings and complaint data

A good insurer answers two questions well: Can it pay your claim, and does it keep its customers happy? Independent rating agencies measure both, giving you an evidence-based way to compare your options.

The two ratings referenced here:

AM Best, which assesses an insurer’s financial strength and capacity to pay claims. Higher ratings indicate greater financial stability.
NAIC Complaint Index, compiled by the National Association of Insurance Commissioners from consumer complaint data. The baseline is 1.00 – a lower score means fewer complaints than expected for the insurer’s size, and a higher score means more.

What factors affect your home insurance rate?

Home insurance is priced according to the risk an insurer associates with your property and personal profile. The factors that carry the most weight include:

Where you live. Crime levels, weather-related risks, and local claims activity all factor into your rate.
Your claims history. Having filed claims in the past generally leads to a higher premium going forward.
Your credit-based insurance score. Most states allow insurers to use credit as a pricing factor. A lower score can result in a higher rate, though states such as California and Massachusetts have restrictions on this practice.
Your coverage limits and deductible. Choosing higher coverage or a lower deductible will increase your annual cost.

Home insurance costs have also been rising nationally. S&P Global Market Intelligence’s RateWatch application found that premiums for owner-occupied homes increased by more than 11% in 2023.

Resources & methodology

Source

S&P Global. US homeowners insurance rates jump by double digits in 2023. Accessed June 2026.

Methodology

Insure.com worked with Quadrant Information Services 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.

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.