Average homeowners insurance cost in Oregon

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. For a deeper dive into our process, see our complete methodology. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

Homeowners in Oregon pay an average of $1,553 per year for a standard home insurance policy.

The coverage limit you choose for your dwelling has a major impact on your premium. More protection generally means a higher cost. Higher coverage means higher premiums. State Farm offers some of the lowest rates in the state, making it a good starting point when comparing your options.

Don’t settle for the first quote – reach out to several insurers and dig into available discounts. Since rates hinge on details like your location, the age and construction of your home, your roof’s condition, and your claims history, the prices you’re offered can swing a lot. Getting address-specific quotes from a handful of companies puts you in the best position to land a great rate.

Key Takeaways

Our data puts the average homeowners insurance cost in Oregon at $1,553 per year.
Of all ZIP codes analyzed in Oregon, 97124 has the lowest average home insurance rates at around $1,158 annually.
On the insurer side, State Farm offers the most affordable average premiums in Oregon, coming in at $1,035 per year.

What is the average cost of homeowners insurance in Oregon?

The average homeowners insurance premium in Oregon is $1,553 per year. That figure is based on 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 $1,553 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 $1,938 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 $200,000 Liability and None Hurricane	$1,206	$100
$200,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$1,223	$102
$300,000 with $1,000 Deductible and $200,000 Liability and None Hurricane	$1,553	$129
$300,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$1,572	$131
$400,000 with $1,000 Deductible and $200,000 Liability and None Hurricane	$1,938	$162
$400,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$1,958	$163
$600,000 with $1,000 Deductible and $200,000 Liability and None Hurricane	$2,686	$224
$600,000 with $1,000 Deductible and $300,000 Liability and None Hurricane	$2,708	$226
$1,000,000 with $2,500 Deductible and $200,000 Liability and None Hurricane	$3,975	$331
$1,000,000 with $2,500 Deductible and $300,000 Liability and None Hurricane	$3,997	$333

Average home insurance cost in Oregon by insurer

State Farm has the lowest average homeowners insurance premiums in Oregon at $1,035 per year. Allstate 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
State Farm	$1,035	$86
Allstate	$1,586	$132
American Family	$1,595	$133
Nationwide	$1,663	$139
Farmers	$1,821	$152
Country Financial	$2,706	$226
USAA*	$1,246	$104

*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 97124, where homeowners pay $1,158 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
97124	$1,158	$96
97258	$1,214	$101
97123	$1,224	$102
97224	$1,227	$102
97225	$1,229	$102
97239	$1,230	$102
97222	$1,234	$103
97236	$1,242	$104
97223	$1,243	$104
97113	$1,245	$104

Most expensive ZIP codes for home insurance in Oregon

At the other end of the spectrum, 97750 has the highest average rates in Oregon at $2,085 per year.

Higher premiums in certain ZIP codes typically reflect greater exposure to crime, natural disasters, and elevated living and rebuilding costs.

Below are some of the most expensive ZIP codes for home insurance in Oregon.

ZIP code	Average annual rate	Average monthly rate
97750	$2,085	$174
97739	$2,082	$173
97759	$2,079	$173
97707	$2,021	$168
97837	$2,013	$168
97873	$2,006	$167
97848	$2,005	$167
97063	$1,983	$165
97041	$1,978	$165
97037	$1,976	$165

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

How has home insurance pricing shifted in Oregon?

From 2023 to 2025, home insurance rates in Oregon decrease by 10%, mirroring the broader direction of the state’s insurance market over that period.

Here’s how rates have moved year over year since 2022:

2022 rates	2023 rates	2025 rates
$1,478	$1,720	$1,553

What are the best homeowners insurance companies in Oregon?

Based on our data, State Farm stands out as a top choice in Oregon. It earns an AM Best rating of A+ and one of the lowest NAIC complaint scores in the state-a combination that points to both financial stability and customer satisfaction.

To identify the most reliable insurers, we weighed two key metrics:

AM Best Rating, which evaluates a company’s financial strength and its ability to pay out claims.
NAIC Complaint Score, which reflects how many complaints a company receives relative to its size, so a lower score signals fewer problems.

Together, these metrics help you determine an insurer’s financial stability and customer satisfaction. The table below breaks down the best companies in Oregon by average annual premium, financial rating, and complaint history.

Company	Average annual premium	Am Best Rating	NAIC Complaint Index	Overall score
State Farm	$1,035	A+	1.15	4.75
Allstate	$1,586	A+	1.26	4.67
American Family	$1,595	A	1.07	4.58
Country Financial	$2,706	A+	0.23	4.57
Farmers	$1,821	A	0.89	4.56
Nationwide	$1,663	A	1.34	4.56
USAA*	$1,246	A++	0.46	4.86

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

How to understand insurer ratings and complaint data

Picking an insurer really comes down to whether they pay when you file a claim, and whether they treat you well along the way. You don’t have to guess – independent rating agencies track this data so you can choose with confidence, whether you’re signing up or renewing.

These are the two ratings we’ve used:

AM Best is a global agency that scores insurers on their financial strength and ability to pay claims. The higher the rating, the more stable the company.
NAIC Complaint Index, run by the National Association of Insurance Commissioners, tracks consumer complaints. A score of 1.00 is the industry average; below 1.00 means fewer complaints than expected for the company’s size, and above 1.00 means more.

What factors affect your home insurance rate?

Insurers price home insurance based on the level of risk your property and profile represent. They decide that based on:

Where you live. Local crime rates, weather exposure, and claims frequency in your neighborhood all influence your rate.
Your claims history. A history of past claims typically results in a higher premium.
Your credit-based insurance score. In most states, a lower credit score can mean a higher premium (Restricted in some states, like California and Massachusetts).
Your coverage limits and deductible. Higher coverage or a lower deductible will increase what you pay.

It’s also worth noting that home insurance costs have been rising broadly. According to S&P Global Market Intelligence’s RateWatch application, premiums for owner-occupied homes climbed more than 11% nationwide in 2023.

Resources and Methodology

Sources:

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

Methodology

Insure.com worked with Quadrant Information Services to compile homeowners insurance data, analyzing 37,973,840 quotes from 75 company groups (134 companies) across 34,595 ZIP codes in all 51 states.

Rates are based on a sample homeowner profile with good credit and the following coverage:

$300,000 dwelling coverage
$100,000 liability protection
$1,000 deductible

The national average annual premium (non-hurricane deductible) is $2,543.

Company rankings factor in:

AM Best rating: 30%
NAIC score: 35%
Annual premium: 35%

All quoted rates are for comparison purposes and individual premiums 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.