Best renters insurance in Oregon

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Renters in Oregon pay an average of $295 per year, or $25 per month for renters insurance. This is based on a standard policy covering $40,000 in personal property, $300,000 in liability, and a $1,000 deductible – a reasonable baseline for most renters.

What you actually pay will depend on your coverage amount, which insurer you choose, and personal details like your ZIP code, claims history, and in some states, your credit score.

How much does renters insurance cost in Oregon?

The average monthly cost of renters insurance in Oregon is $25 for a policy with $40,000 in personal property coverage and $300,000 in liability protection. Premiums can shift depending on where you live, how much coverage you need, and the total value of your belongings – which is why getting quotes from several insurers is a smart move.

Generally speaking, raising your deductible lowers your monthly premium, while adding coverage for valuables like jewelry or electronics increases it. Choose a deductible and coverage level that fits both your budget and replacement needs.

Renters insurance in Oregon: Where to start

Renters insurance in Oregon averages $295 per year, or $25 per month for a standard policy
If you’re looking for the lowest price, State Farm tends to offer the most competitive rates in Oregon, averaging around $195 per year
Since pricing varies widely between providers, it pays to compare a few options before making a decision

Which companies offer the cheapest renters insurance in Oregon?

State Farm offers the most affordable renters insurance in Oregon, with an average annual cost of $195. Nationwide and Oregon Mutual are also worth considering if you’re looking to keep costs down.

Choosing the cheapest insurer isn’t always the best option, so it’s important to review coverage limits, deductibles, and available discounts alongside price. The table below shows average annual and monthly rates from a range of insurers in Oregon.

Company	Average annual rate	Average monthly rate
State Farm	$195	$16
Nationwide	$207	$17
Oregon Mutual	$243	$20
Allstate	$247	$21
American Family	$303	$25
Farmers	$312	$26
Mutual of Enumclaw	$352	$29
Country Financial	$467	$39

Want a more accurate renters insurance estimate?

Use our calculator to get a personalized renters insurance quote based on your location and coverage needs.

Your final premium may vary depending on the insurer, coverage limits, deductible, claims history and other rating factors.

Renters insurance calculator in Oregon

$273/year

Estimated renters insurance rates in Oregon

$23

Monthly renters insurance cost in Oregon

Compared to national average

How much does renters insurance cost by coverage level in Oregon?

At the standard coverage level – $40,000 in personal property, $300,000 in liability, and a $1,000 deductible – renters insurance in Oregon averages $295 per year.

If you reduce your personal property coverage to $20,000, that average drops to around $221 annually. Before making that adjustment, it’s worth confirming that $20,000 would genuinely cover the cost of replacing your belongings.

The table below compares average annual renters insurance costs in Oregon at both the $20,000 and $40,000 coverage levels.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$217	$18
$20,000 with $500 Deductible and $300,000 Liability	$239	$20
$20,000 with $1,000 Deductible and $100,000 Liability	$200	$17
$20,000 with $1,000 Deductible and $300,000 Liability	$221	$18
$40,000 with $500 Deductible and $100,000 Liability	$297	$25
$40,000 with $500 Deductible and $300,000 Liability	$320	$27
$40,000 with $1,000 Deductible and $100,000 Liability	$273	$23
$40,000 with $1,000 Deductible and $300,000 Liability	$295	$25
$60,000 with $500 Deductible and $100,000 Liability	$384	$32
$60,000 with $500 Deductible and $300,000 Liability	$407	$34
$60,000 with $1,000 Deductible and $100,000 Liability	$353	$29
$60,000 with $1,000 Deductible and $300,000 Liability	$376	$31

People also ask: How much renters insurance coverage do I need?

Coverage needs vary from person to person, but a common starting range is $20,000 to $40,000 in personal property protection and at least $300,000 in liability coverage. The right amount ultimately comes down to the value of what you own, whether any of your items warrant separate endorsements, and how much of a financial cushion you want between you and an unexpected loss.

Renters insurance rates in Oregon by city

See rates in your city

How much does renters insurance cost by city in Oregon?

Your city within Oregon can have a real impact on your renters insurance premium. Insurers factor in local variables like crime statistics, weather history, and how urban or suburban an area is when setting rates.

Here’s how average renters insurance costs break down across major cities in Oregon.

Does your ZIP code affect renters insurance rates in Oregon?

Your ZIP code is one of the biggest factors insurers use to set rates. Local risks like theft, fire and weather claims can drive premiums up or down, so two renters with the same coverage may pay very different prices.

In Oregon, rates range from about $279 in 97003 to $316 in 97490. Here are the cheapest and most expensive ZIP codes for renters insurance in Oregon.

Why your ZIP code affects renters insurance costs

Insurers use local risk data to calculate renters insurance premiums, which means rates can vary significantly by neighborhood and ZIP code.

Factors that affect renters insurance rates include:

Local theft and vandalism rates
Weather risks such as hurricanes, floods, or wildfires
Fire claims and rebuilding costs in your area

Even moving a few ZIP codes away can affect your monthly premium.

What are the most affordable ZIP codes for renters insurance in Oregon?

In Oregon, your ZIP code plays a major role in determining your premiums. Based on our data, 97003 is the most affordable ZIP code for renters insurance, with an average annual cost of $279.

ZIP codes with lower theft rates and fewer severe weather claims tend to have more affordable renters insurance premiums.

ZIP code	City	Average annual rate	Average monthly rate
97003	Beaverton	$279	$23
97123	Hillsboro	$279	$23
97133	North Plains	$279	$23
97006	Aloha	$280	$23
97113	Cornelius	$280	$23
97106	Banks	$281	$23
97116	Forest Grove	$281	$23
97140	Sherwood	$281	$23
97117	Gales Creek	$282	$24
97119	Gaston	$282	$23

What are the least affordable ZIP codes for renters insurance in Oregon?

97490 is the most expensive ZIP code for renters insurance in Oregon, at an average cost of $316 annually or $26 monthly.

Here are the average annual renters insurance rates for every ZIP code in Oregon, based on quotes from major insurers.

ZIP code	City	Average annual rate	Average monthly rate
97490	Walton	$316	$26
97492	Westfir	$316	$26
97439	Florence	$315	$26
97453	Mapleton	$315	$26
97463	Oakridge	$315	$26
97480	Swisshome	$315	$26
97493	Westlake	$315	$26
97413	Blue River	$314	$26
97412	Blachly	$313	$26
97409	Alvadore	$312	$26

How to lower your renters insurance, even in a high-cost ZIP code

Compare at least 3 quotes – rates for the same coverage can vary by $100+ between insurers in the same ZIP code
Bundle with auto insurance to save 5% to 15% on your renters policy
Ask about safety device discounts for smoke detectors, deadbolts, security systems, and smart-home monitoring
Raise your deductible from $500 to $1,000 to save around 10%
Check claims-free discounts if you haven’t filed a claim in 3+ years

Is renters insurance worth it in Oregon?

For most renters in Oregon, renters insurance is well worth having. It protects your belongings against fire, theft, vandalism, and certain natural disasters, while also providing liability coverage if someone is injured in your home.

According to the US Department of Commerce, the US Census Bureau and American Community Survey â€“ over 48% of renter households in the US spend more than 30% of their income on rent and utilities, which means even smaller ongoing expenses like insurance are worth managing carefully.

Finding the right policy comes down to shopping around. Price matters, but it’s also important to review coverage options, deductibles, and customer satisfaction. Paying slightly more for better coverage can make a real difference when you need to file a claim.

Frequently asked questions

What does renters insurance actually cover?

Renters insurance generally covers three things: your personal belongings, liability protection, and additional living expenses if your home becomes uninhabitable after a covered event. It can help with losses from fire, theft, and vandalism, as well as legal or medical costs if a visitor is injured on your property. Coverage specifics differ by policy, so reviewing your limits and exclusions carefully is important.

Do I really need renters insurance in Oregon?

There’s no universal legal requirement for renters insurance, but the protection it offers is hard to replicate on your own. A single incident – whether it’s a break-in, a fire, or accidental damage – can result in thousands of dollars in losses. Renters insurance covers those costs so you’re not paying out of pocket. It’s also increasingly common for landlords in Oregon to require it as part of the lease agreement.

Sources:

Insurance Information Institute. Facts + statistics: Renters insurance. Accessed May 2026.

How much is renters insurance in other states

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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.