Updated: October 23, 2025
Advertising & Editorial Disclosure
Oregon homeowners pay $1,039 per year for home insurance in 2024, which is $1,384 less than the national average of $2,423.
Your credit rating has the largest impact on premiums after your coverage amount. In Oregon, premiums can vary by as much as $2,124 based on credit rating. The insurance provider also affects your premium costs. If your rates have recently increased, we've analyzed the cheapest home insurance in Oregon to help you find a more affordable option.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Nov 02, 2025
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Table of Contents
To establish the average cost of homeowners insurance in Oregon, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of home insurance in Oregon as of 2024.
Oregon homeowners pay an average of $1,039 annually for policies with $250K dwelling coverage, $125K personal property coverage and $200K liability coverage. This rate is well below the national average of $2,423.
Your policy should fully cover rebuilding costs and replacing your belongings after a total loss. Determining ow much coverage you need helps you avoid being underinsured. A policy with $100K dwelling coverage costs $663 per year. For a larger property needing $500K dwelling coverage, expect to pay $1,699 annually.
| $100K Dwelling / $50K Personal Property / $100K Liability | $663 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $1,039 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $1,699 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $2,361 |
Homeowners insurance rates in Oregon vary widely between companies for identical coverage. Capital Insurance Group charges $614 per year for a policy that costs $1,688 with COUNTRY Financial. Each insurer uses different methods to assess risk and set rates.
You'll find great providers in Oregon. Since underwriting differences create a wide range of quotes, compare multiple options to find your best rate.
| Capital Insurance Group | $614 |
| Nationwide | $797 |
| American Family | $898 |
| Farmers | $941 |
| USAA | $1,105 |
| State Farm | $1,121 |
| Allstate | $1,150 |
| COUNTRY Financial | $1,688 |
Oregon homeowners with excellent credit pay about $767 per year for homeowners insurance, which is $272 below the state average. Those with poor credit spend around $2,891 annually, roughly $1,852 more than average. Your credit score plays a major role in determining your insurance costs.
Improving your credit takes time, but even small steps can help lower your premiums. Compare quotes from multiple insurers to find the best rate. Oregonians can explore options and see which provider will save you the most on homeowners insurance.
| Poor | $2,891 |
| Below Fair | $1,779 |
| Fair | $1,378 |
| Good | $1,039 |
| Excellent | $767 |
Your roof type affects homeowners insurance rates in Oregon, though less than other factors. Tile roofs, valued for durability, cost less to insure. Shake-treated roofs need more maintenance and may increase premiums slightly.
Construction materials also influence rates, but coverage amount and credit score matter more. Homes built with fire-resistant materials get better rates than standard frame construction. Use the table filters below to see how premiums vary by construction type.
| $100K Dwelling / $50K Personal Property / $100K Liability | $663 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $1,039 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $1,699 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $2,361 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $2,998 |
Newly built homes in Oregon generally cost less to insure than older ones. On average, new construction homeowners pay about $646 per year, around $393 less than those with homes built around 2000. Check the table below to see how premiums vary between new and existing homes, and use the filter to adjust your coverage amount.
| Existing Construction (2000) | $1,039 |
| New Construction (2023) | $646 |
Oregon homeowners who haven’t filed a claim in the past five years pay an average of $1,039 per year for homeowners insurance. Filing one claim increases the average cost to $1,291, while two claims raise it to $1,453. That’s $252 and $414 more than the claim-free rate, highlighting how maintaining a clean claims record can lower your costs over time.
| Claim free for 5+ years | $1,039 |
| 1 claim in past 5 years | $1,291 |
| 2 claims in past 5 years | $1,453 |
In Oregon, natural disasters like landslides, flooding and wildfires present risks to properties. Home insurance usually covers wildfire damage, but you need separate flood insurance for flood protection.
Annual premiums across Oregon cities range from $965 to $1,022 in our analysis. Eugene homeowners pay $983 per year, or $56 below the state average. Salem residents pay $1,022, just under the average.
Where you live affects your rates because of local weather patterns and crime levels. Your coverage amount and credit score also influence your premium.
| Eugene | $983 |
| Gresham | $1,011 |
| Hillsboro | $965 |
| Portland | $974 |
| Salem | $1,022 |
Decide what you want to protect and determine the coverage needed for your home and belongings.
Compare homeowners insurance quotes from multiple insurers to find the most competitive rates for your situation.
Ask about bundling options, loyalty rewards, or other discounts that could reduce your premium.
Research insurers’ customer satisfaction, financial strength, and claims handling to make an informed choice.
Select a deductible that offers the right balance between affordability and out-of-pocket costs when filing a claim.
Homeowners can lower their insurance costs by choosing a multipolicy bundle that includes home and auto coverage in Oregon. On average, Oregonians save about 9% when bundling their policies, with annual savings ranging from $60 to $304.
Oregon homeowners can take advantage of several insurance discounts to help reduce their premiums:
When requesting a quote, ask about all eligible discounts to make sure you’re getting the best possible rate.
Capital Insurance Group offers the lowest average annual premium in Oregon at about $614. For more affordable options, explore cheap national providers and compare quotes.
Yes. Most homeowners insurance policies in Oregon cover wildfire damage, which is a common risk in the state. However, coverage for floods, earthquakes, and other natural disasters, often requires a separate policy or an endorsement.
You can purchase flood insurance through the National Flood Insurance Program, a private insurer, or as an add-on from select home insurance companies.
Your credit rating has one of the strongest effects on your insurance rates. Homeowners with excellent credit pay around $767 per year, while those with poor credit may pay up to $2,891.
You could save as much as $304 annually by bundling your home and auto policies with the same insurer.
Oregon homeowners can access several trusted resources when comparing insurance options. These tools and guides can help you understand regulations, compare coverage, and make confident decisions about your policy:
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
