Average Cost of Homeowners Insurance in Oregon (2024)


The average cost of homeowners insurance in Oregon in 2024 is $1,039 per year. This is $1,384 less than the national average of $2,423.

Aside from the amount of coverage you get, credit rating has the largest impact on premiums. In Oregon, premiums can vary by as much as $2,124 based on credit rating. The insurance provider is another factor that can affect your premium costs. If your rates have recently increased, we've also analyzed the cheapest home insurance in Oregon to help you find a more affordable option.

Home Insurance Calculator

MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.

High
Average
Low

Rates updated:

Nov 01, 2024

Shield Insurance
Why You Can Trust MoneyGeek

MoneyGeek partners with some of the companies we write about. However, our content is written and reviewed by an independent team of editors and licensed agents. Reference our data methodology and learn more about how we make money.

To establish the average cost of homeowners insurance in Oregon, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.

recency icon

These rates reflect the average cost of home insurance in Oregon as of 2024.

1.4MQuotes Analyzed
 
8Companies Compared
 
14ZIP Codes

Average Cost of Home Insurance in Oregon by Coverage Amount

In Oregon, the average homeowners insurance premium for policies with $250K in dwelling coverage, $125K in personal property coverage and $200K liability coverage stands at $1,039 per year. This figure falls below the national average of $2,423.

Determining how much coverage you need is essential, as it should be sufficient to rebuild your home and cover personal property after a total loss. For a policy with $100K in dwelling coverage, the annual premium is $663. If your property is larger and requires $500K in dwelling coverage, the annual premium increases to $1,699.

Average Annual Home Insurance Premium Oregon by Coverage Amount
$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

Average Cost of Home Insurance in Oregon by Insurer

In Oregon, homeowners insurance premiums can vary significantly among providers for the same level of coverage. For instance, a policy with Capital Insurance Group might cost you $614 annually, while the same coverage with COUNTRY Financial could set you back $1,688. These variations are due to each insurer's unique method of assessing risk and calculating premiums.

For those shopping around, there are plenty of great providers in Oregon. Differences in underwriting can lead to a broad range of quotes, so it's wise to compare options.

Average Annual Home Insurance Premium Oregon by Provider
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
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

Average Cost of Home Insurance in Oregon by Credit Score

In Oregon, homeowners with excellent credit pay an annual premium of $767 for homeowners insurance, which is $272 less than the state average. Conversely, those with poor credit face an average annual cost of $2,891, surging $1,852 above the average. This stark contrast exemplifies the influence of credit scores on insurance rates.

Although improving your credit score isn't an overnight fix, gradual enhancements can lead to lower insurance costs. In the meantime, it's worthwhile to shop around for the best rates. Oregonians can compare insurers quickly and find out which provider will save you the most on homeowners insurance.

Average Annual Home Insurance Premium in NJ by Credit Rating
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Poor$2,891
Below Fair$1,779
Fair$1,378
Good$1,039
Excellent$767

Average Cost of Home Insurance in Oregon by Construction and Roof Type

The type of roof on your home influences your homeowners insurance premiums, though not as heavily as other factors. In Oregon, homes with tile roofing, known for its durability, generally see lower insurance costs. On the contrary, shake-treated roofs may require more maintenance and can lead to slightly higher premiums.

Construction materials also play a role in determining insurance rates, but again, the impact is minor compared to factors like coverage amount and credit score. Homes built with superior construction materials more resistant to perils like fire tend to secure more favorable insurance rates than those with standard frame construction. Use the filters for the table below to see how premiums change based on your home's materials.

Average Annual Home Insurance in Oregon by Construction and Roofing Type
Data filtered by:Results filtered by:
Construction:
Construction:Frame
Roof Type:
Roof Type:Composition
$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

Average Cost of Home Insurance in Oregon for Newly Constructed Homes

Typically, insuring a new construction home in Oregon costs less than an existing home. The average premium for new construction is $646, which is $393 below the average for homes built around 2000. The table below shows the differences in premiums for new versus existing construction. Adjust the filter to match the coverage you need.

Average Annual Home Insurance Premiums: New vs. Existing Construction
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Existing Construction (2000)$1,039
New Construction (2023)$646

Average Cost of Home Insurance in Oregon by Claims History

In Oregon, homeowners who have maintained a claim-free record for over five years can expect an average annual premium of $1,039 for their homeowners insurance. However, a single claim within the past five years can raise the annual premium to $1,291, while two claims may increase it to $1,453. These figures represent a $252 and $414 increase from the average, respectively, illustrating the financial benefit of a claims-free history.

Average Annual Home Insurance in Oregon by Claims Experience
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Claim free for 5+ years$1,039
1 claim in past 5 years$1,291
2 claims in past 5 years$1,453
mglogo icon
OREGON NATURAL DISASTERS AND HOME INSURANCE

In Oregon, natural disasters like landslides, flooding and wildfires present a big risk to properties. Home insurance typically covers wildfire damage, but you might need separate flood insurance.

Average Cost of Home Insurance by City in Oregon

For the cities we analyzed, we found that annual premiums range from $965 to $1022. Eugene has an annual premium of $983, which is $56 less than the state average. In contrast, Salem's premium is $1022, slightly below the average.

Location impacts premiums due to varying risks like weather and crime rates. City-based pricing is significant, but other factors like coverage amount and credit score also play a role.

Average Annual Home Insurance Premium by City
Data filtered by:Results filtered by:
Coverages:
Coverages:$250K Dwelling / $125K Personal Property / $200K Liability
Eugene$983
Gresham$1,011
Hillsboro$965
Portland$974
Salem$1,022

How to Shop for Home Insurance in Oregon

Shopping for home insurance in Oregon can be a smooth process with the right approach. You can find a policy that fits your budget and provides the protection you need when you know the ropes. Here's how to find the best deal for you.

1
Understand Your Needs

Decide what you want to protect and the coverage needed.

2
Compare Quotes

Compare homeowners insurance quotes to find the best rates for your circumstances.

3
Check for Discounts

Ask providers about bundles and discounts when shopping for insurance.

4
Review Company Ratings

Look at insurer ratings for prices and claims experiences.

5
Choose a Deductible

Pick a deductible that balances cost and out-of-pocket risk.

Bundling Home Insurance With Auto Insurance in Oregon

Homeowners can save on insurance costs by opting for a multipolicy bundle that includes home and auto coverage in Oregon. Oregonians can see a cost reduction of about 9% when bundling policies, with savings ranging from $60 to $304 per year.

Home Insurance Discounts in Oregon

Oregon homeowners can tap into insurance discounts to lower their premiums:

  • Loyalty discount for long-term policyholders
  • Protective devices discount for installed security systems
  • Claims-free discount for homeowners without recent insurance claims

Remember to inquire about all eligible discounts when obtaining a quote to ensure you get the best deal.

FAQ: Homeowners Insurance in Oregon

On average, what is the cheapest insurer in Oregon?
Is wildfire damage in Oregon covered by homeowners insurance?
What is the biggest factor that impacts the price of homeowners insurance in Oregon?
How much can I save bundling my home and auto insurance in Oregon?

Additional Resources for Homeowners Insurance in Oregon

When exploring homeowners insurance options in Oregon, it's smart to have a variety of resources at your fingertips. The following list offers a selection of tools and information to help homeowners make informed decisions:

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.