Cheapest Homeowners Insurance in Oregon (2025 Rates)

In Oregon, Capital Insurance Group offers the most affordable homeowners insurance for high-value and new homes. Nationwide provides the best rates for homeowners with low credit scores. State Farm offers budget-friendly bundles and the cheapest coverage for homeowners with a recent claim history.

Capital Insurance Group offers the most affordable homeowners insurance in Oregon, averaging $438 annually for $100K in dwelling coverage. Your dwelling coverage amount directly affects your premium.

Its cheapest rates:

• $100,000: $438 per year
• $250,000: $614 per year
• $500,000: $883 per year

Explore cheap home insurance options in MoneyGeek’s table and see how rates shift with different dwelling coverage levels.

In Oregon, obtaining budget-friendly home insurance is best done by comparing quotes from a range of providers. MoneyGeek’s home insurance calculator offers Oregon quotes in a user-friendly way without the need to submit personal information first.

Capital Insurance Group offers Oregon's most affordable homeowners insurance for high-value homes, averaging $1,144 annually for $750K in dwelling coverage. High-value homes cost more to insure because they require higher dwelling coverage amounts. The cheapest options:

• Cheapest for $750,000: Capital Insurance Group at $1,144 per year
• Cheapest for $1,000,000: Capital Insurance Group at $1,365 per year

We recommend homeowners buy dwelling coverage for their home's rebuilding cost, not property value. Use MoneyGeek's table below to see cost variations by dwelling coverage for higher-value houses.

Oregon's most affordable home insurance for new homes with $100K in dwelling coverage is Capital Insurance Group, at an average annual premium of $244. Due to newer homes in Oregon providing less risk with up-to-date wiring, plumbing and a structurally sound foundation, they are generally cheaper to insure.

Capital Insurance Group is the most affordable provider in Oregon for policyholders with new homes across varying coverage levels. Check out its rates below:

• $100,000: $244 per year
• $250,000: $356 per year
• $500,000: $508 per year

This table shows how new home prices vary by dwelling coverage amount.

Nationwide offers Oregon's most affordable homeowners insurance for poor credit, averaging $779 annually for $100K in dwelling coverage. Insurance companies use credit scores to assess the likelihood you'll file claims or miss payments.

• Cheapest for $100,000: Nationwide at $779 per year
• Cheapest for $250,000: Capital Insurance Group at $1,171 per year
• Cheapest for $500,000: Capital Insurance Group at $1,684 per year

The cost effect of poor credit is evident when comparing average home insurance costs — $1,765 per year for poor credit homeowners versus $653 for those with good credit, both for $100K in dwelling coverage. Examine our table below for the cost variation for different credit scores by dwelling coverage.

State Farm offers the cheapest home insurance in Oregon for homeowners with one policy claim in the past five years, costing $624 per year for $100K in dwelling coverage. Homeowners with a previous claims history will likely pay more for future claims since insurers view them as higher risk.

Here are the most affordable options for different coverage levels, all for owners with one claim within the past five years and homes built in 2000:

• $100,000: State Farm at $624 per year
• $250,000: Capital Insurance Group at $967 per year
• $500,000: Capital Insurance Group at $1,390 per year

Homeowners with no claims in the past five years pay about $305 less per year than those with two claims. Keeping a clean claims history can help lower your premium, which is especially helpful for Oregon homeowners looking to manage their insurance costs.

Your home's construction and roof materials directly affect insurance costs. Capital Insurance Group offers Oregon's most affordable coverage for frame construction with shake-treated roofs, averaging $439 annually. These materials cost more to insure because they're more vulnerable to damage and deterioration than other construction types.

Rates by coverage amount:

• $100,000: $439 per year
• $250,000: $615 per year
• $500,000: $885 per year

Superior construction with tile roofs costs less to insure. These homes average $669 annually, $77 less than frame construction with shake-treated roofs. Your construction choices directly affect your insurance costs.

Adjusting your deductible can save you hundreds on home insurance annually. In Oregon, the least expensive insurer for a $2,000 deductible is Capital Insurance Group, offering an average yearly premium of $396. Comparatively, the most affordable $500 deductible is also from Capital Insurance Group, at $456 annually.

The cheapest providers for each level of deductible are:

• $2,000 deductible: Capital Insurance Group at $396 per year
• $1,500 deductible: Capital Insurance Group at $423 per year
• $1,000 deductible: Capital Insurance Group at $438 per year
• $500 deductible: Capital Insurance Group at $456 per year

A deductible in home insurance is what you pay out-of-pocket before your insurance coverage begins. The difference in average annual costs for a $500 and a $2,000 deductible in Oregon is $89.

State Farm offers Oregon's most affordable bundled home and auto insurance, averaging $1,508 annually. Bundling home and auto policies typically saves you money.

• State Farm: $1,508 per year
• Nationwide: $1,732 per year

Bundling lets you handle both policies with one insurer. You manage your coverage and communicate through a single point of contact. Compare the best Oregon insurance bundle options.

Capital Insurance Group offers most Oregon cities the lowest average home insurance rates. Costs may differ significantly across cities due to local building codes, crime rates and weather risks. For example:

• The city of Gresham has the lowest average annual premium at $402, from Capital Insurance Group.
• On the other hand, Salem's cheapest average yearly premium is from Nationwide, at $442.

Shopping around for home insurance quotes will potentially allow you to save money on your policy, as insurers calculate rates uniquely for different geographic locations. See our table below for the cheapest rates in other Oregon cities.