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?

Renters insurance in Oregon costs an average of $25 per month for a standard policy with $40,000 in personal property coverage and $300,000 in liability protection. Your actual premium can vary based on your location, coverage level, and the value of your belongings, so it’s worth comparing quotes from multiple insurers to find the best rate.

As a general rule, opting for a higher deductible can bring your monthly costs down, while adding extra coverage for high-value items like electronics or jewellery will push it up. Choose a deductible and coverage level that fits both your budget and replacement needs.

Renters insurance in Oregon: Where to start

The average cost of renters insurance in Oregon is $295 per year, or $25 per month for a standard policy
For the most affordable option, State Farm offers the lowest average rates in Oregon at around $195 annually
Rates vary quite a bit between insurers, so comparing a few quotes before committing is worth the effort

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.

How much does renters insurance cost by city in Oregon?

Renters insurance rates in Oregon aren’t the same across the board – where you live within the state can make a noticeable difference. Local factors like crime rates, weather exposure, and population density all influence what insurers charge.

Here’s a look at how average rates compare across major cities in Oregon.

Renters insurance rates in Oregon by city

See rates in your city

Does your ZIP code affect renters insurance rates in Oregon?

Your ZIP code is one of the most significant factors in how insurers price your policy. Areas with higher rates of theft, more frequent weather events, or a greater number of past claims tend to see higher premiums – even for the same level of coverage.

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

Why your ZIP code affects renters insurance costs

Insurers use neighborhood-level risk data when calculating your premium, which means rates can differ significantly from one ZIP code to the next.

Key factors include:

Theft and vandalism rates in your area
Exposure to weather risks like hurricanes, wildfires, or flooding
Historical fire claims and local rebuilding costs

Even shifting a few ZIP codes can change what you pay each month.

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

97003 has the lowest average annual renters insurance cost at $279.

Areas with fewer theft incidents and lower weather-related claim activity tend to have more affordable premiums overall.

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

At the other end of the spectrum, 97490 has the highest average renters insurance cost in Oregon, at $316 per year or $26 per month.

Below are average annual rates across all ZIP codes in Oregon, based on quotes from major providers.

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

Get quotes from at least 3 insurers – rates for identical coverage can differ by $100 or more within the same ZIP code
Bundle your renters and auto insurance to cut 5% to 15% off your premium
Ask about discounts for safety features like smoke detectors, deadbolts, security systems, or smart home devices
Raise your deductible from $500 to $1,000 – this alone can reduce your premium by around 10%
If you haven’t filed a claim in 3 or more years, ask about a claims-free discount

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 – 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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$275/Year

$300/Year

$224/Year

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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.