Cheapest Homeowners Insurance in Oregon for 2022

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You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance. Saving money on homeowners insurance in Oregon can be challenging if you don’t know the facts.

Safeco has the lowest average homeowners insurance rates in Oregon, with an average premium of $767 a year or $64 a month.

The good news is that Insure.com has simplified matters by carefully researching carriers and prices to find cheap homeowners insurance in Oregon. We’ve ranked the most affordable homeowners insurance providers in Oregon to help you in this process. Read further for our recommendations and for additional strategies designed to help you pay less for premiums.

Key Takeaways

For homeowners insurance with $300,000 dwelling coverage, $300,000 liability protection and $1,000 deductible, Safeco offers the cheapest homeowners insurance in Oregon at $767 per year.
In Oregon the homeowners insurance cost is $697 less than the national average.
Amongst all the zip codes in Oregon, the cheapest homeowners insurance is available at the 97062 zip code, with average annual premium of $1,371 per year.

Cheap homeowners insurance companies in Oregon

Safeco, Nationwide and Travelers have the cheapest homeowners insurance in Oregon, on average.

There’s a large rate difference between home insurance companies. Oregon homeowners could save more by shopping around and comparing insurance quotes.

Here are average annual and monthly Oregon home insurance rates for a policy with $300,000 dwelling coverage and $300,000 liability protection with a $1,000 deductible.

Company	Average annual premium	Average monthly premium
Safeco	$767	$64
Nationwide	$1,064	$89
Travelers	$1,104	$92
American Family	$1,213	$101
Amco	$1,610	$134
State Farm	$1,638	$136
Allstate	$1,698	$142
USAA	$1,727	$144
Foremost	$2,007	$167
Farmers	$2,092	$174
Garrison	$2,121	$177
Country Mut	$2,454	$204

Compare cheap homeowners insurance in Oregon by ratings

Wondering how to choose the best insurance company among the options available? We have analyzed the cheapest homeowners insurance companies in Oregon based on J.D. Power score and AM best rating. According to Insure.com’s survey, USAA received the highest J.D. power score of 882 and A++ rating from AM best.

Company	J.D. Power score	AM Best rating
USAA	882	A++
State Farm	835	A++
American Family	831	A
Allstate	829	A+
Farmers	813	A
Nationwide	812	A+
Safeco	810	A
Travelers	800	A++

How much is home insurance in Oregon

The average cost of homeowners insurance in Oregon is $1,608 annually for $300,000 dwelling and $300,000 liability coverage with a $1,000 deductible.

One primary driver of home insurance cost is claims history. Here are the top average home insurance percentage premium increases based on claims:

Filing a second fire claim — 60%
Filing a second theft claim — 55%
Filing a second liability claim — 52%
Filing a second water damage claim — 50%
Filing a second medical claim — 34%

Average annual premium	Average monthly premium
$1,608	$134

Cheapest homeowners insurance in Oregon by ZIP code

Location is a crucial part of your home insurance rate. Areas with more claims pay higher rates than ones that don’t have many. Here are the average home insurance rates by ZIP codes in Oregon:

ZIP code	Average annual premium	Average monthly premium
97062	$1,371	$114
97007	$1,373	$114
97215	$1,378	$115
97140	$1,380	$115
97224	$1,392	$116
97123	$1,394	$116
97006	$1,396	$116
97202	$1,397	$116
97225	$1,401	$117
97005	$1,404	$117
97124	$1,407	$117
97503	$1,409	$117
97212	$1,411	$118
97227	$1,414	$118
97008	$1,422	$118

How much is home insurance in other states

Alaska$1,799/Year

Alabama$2,981/Year

Arkansas$3,439/Year

Arizona$1,976/Year

California$1,166/Year

Colorado$3,082/Year

Connecticut$1,961/Year

Washington D.C.$1,488/Year

Delaware$1,521/Year

Florida$3,439/Year

Georgia$2,555/Year

Hawaii$499/Year

Iowa$2,540/Year

Idaho$1,842/Year

Illinois$2,201/Year

Indiana$2,423/Year

Kansas$3,931/Year

Kentucky$2,862/Year

Louisiana$3,270/Year

Massachusetts$1,920/Year

Maryland$1,518/Year

Maine$1,833/Year

Michigan$2,153/Year

Minnesota$3,010/Year

Missouri$3,111/Year

Mississippi$3,340/Year

Montana$2,809/Year

North Carolina$2,009/Year

North Dakota$2,601/Year

Nebraska$3,133/Year

New Hampshire$1,455/Year

New Jersey$1,744/Year

New Mexico$2,299/Year

Nevada$1,486/Year

New York$1,840/Year

Ohio$2,107/Year

Oklahoma$4,445/Year

Pennsylvania$1,720/Year

Rhode Island$2,125/Year

South Carolina$2,678/Year

South Dakota$3,172/Year

Tennessee$2,692/Year

Texas$3,429/Year

Utah$1,378/Year

Virginia$1,956/Year

Vermont$1,212/Year

Washington$1,514/Year

Wisconsin$1,732/Year

West Virginia$2,486/Year

Wyoming$2,083/Year

Les Masterson

Contributor

Les, a former managing editor, insurance, at QuinStreet, has more than 20 years of experience in journalism. In his career, he has covered everything from health insurance to presidential politics.