The Best Homeowners Insurance Companies in Oregon (2022)
The best home insurance companies in Oregon offer a combination of affordability, claims experience, customer satisfaction and financial stability. Based on these factors, MoneyGeek found that American Family is the best overall company in the state. That said, the right option for you will depend on your specific needs.
In Oregon, the best overall home insurer is American Family. Country Financial is the best for service quality, while Farmers is ideal for homeowners on a budget. Plus, State Farm is best for expensive homes and bundling.
MoneyGeek’s scoring system evaluated the best home insurance in Oregon for different types of homeowners. We also reviewed the available coverages and discounts offered by various companies to help you find the best option.
MoneyGeek also analyzed the cheapest homeowners insurance providers in Oregon for those more concerned with saving on their monthly bill.
The Best Homeowners Insurance in Oregon
The Best Overall Homeowners Insurance Companies in Oregon
While optional, homeowners insurance is essential for protecting your residence in an emergency. To help you find the best options in Oregon, MoneyGeek scored the top providers in the state based on affordability, claims experience, customer satisfaction and financial stability.
According to our scoring system, the best home insurance companies in Oregon are:
- American Family: MoneyGeek score of 86 out of 100
- Nationwide: MoneyGeek score of 84 out of 100
Excluded from our ranking is USAA, which has a limited customer base. It received a score of 93 out of 100, making it the best company for military members, veterans and their families.
MoneyGeek evaluated why American Family and Nationwide scored highest, noting the unique coverages and discounts they offer.
The Top Home Insurance Companies in Oregon
Nationwide scored second in stability and third in affordability but received lower scores in satisfaction. It offers policies at an average of $644 per year. The company also provides rare add-on coverages, including better roof replacement coverage.
Nationwide offers uncommon coverages that policyholders can purchase for extra protection. You may get better roof replacement coverage, which can replace your roof with stronger and safer materials after a covered loss. In addition, you can get discounts for certain situations, like if you purchased your home within the last year.
American Family is the best overall home insurer in Oregon, scoring second in satisfaction and third in stability and affordability. Its policies are offered at an average cost of $634 per year. Additionally, American Family has unique optional coverages, like hidden water damage.
American Family offers rare add-on coverages to its policyholders. One of them is hidden water damage coverage, which pays for water damage caused by a leak you didn’t notice. The insurer also provides unique discounts. You can save money if you bought your home in the past three years or if you set up your insurance policy to pay automatically.
To find the best home insurance nationally and in Oregon, MoneyGeek collected quotes from companies across the country and balanced them against property claims rating as well as customer satisfaction scores from J.D. Power.
That said, your insurance costs and customer experience may differ depending on your circumstances. You can review MoneyGeek’s methodology for more information.
The Best Homeowners Companies in Oregon for Service Quality
If price isn’t your biggest concern when it comes to home insurance, MoneyGeek rated the best home insurance companies in Oregon based entirely on customer satisfaction and claims experience.
The insurers that ranked the highest for service quality in the state are:
- Country Financial: MoneyGeek score of 90 out of 100
- American Family: MoneyGeek score of 83 out of 100
USAA received a perfect score of 100, making it the best company in Oregon. However, it was excluded from our rankings since it is only available to military families.
MoneyGeek evaluated why Country Financial and American Family scored highest for those who value service quality regardless of insurance rates.
The Top Home Insurance Companies in Oregon for Quality Service
American Family received a higher score for claims than satisfaction. This means it provides customers in Oregon with excellent service when they are filing a claim.
American Family has uncommon add-on coverages, including equipment breakdown coverage. This covers damage to your appliances, home systems or smart home devices due to mechanical or electrical breakdown. Policyholders may also get matching coverage, which replaces the damaged portions of their siding in the event of a covered loss.
Country Financial ranked as the best home insurance company in Oregon for service quality. It scored first in claims ratings and customer satisfaction, meaning it has high-quality policy offerings, processes and provides a great filing experience if you ever make a claim.
Country Financial offers earthquake coverage, which is a rare optional coverage. Adding this to your policy means you’re protected against earthquake damage. While it doesn’t have any other unique coverages, Country Financial scores well because of its affordability and service quality.
The Best Homeowners Companies in Oregon on a Budget
If you’re a homeowner on a budget, MoneyGeek scored the best home insurance companies in Oregon for affordability.
The top providers in the state that offer the cheapest insurance rates are:
- Farmers: MoneyGeek score of 91 out of 100
- American Family: MoneyGeek score of 90 out of 100
On average, a Farmers policy costs $545 per year. Meanwhile, American Family’s policies are roughly $634 per year.
MoneyGeek broke down why Farmers scored highest for those who are on a budget. We also reviewed the unique coverages and discounts offered by this company.
The Top Home Insurance Companies in Oregon on a Budget
Affordable home insurance coverage at approximately $545 per year
Discounts include responsible payment, new home and protective device
Doesn’t offer home renovation discount
Customer satisfaction rating of 3.77 out of 5
Farmers is the best home insurance company in Oregon for affordability, scoring a perfect score of 5. It offers discounts for various circumstances. For instance, you can receive a discount if you have been claims-free for three consecutive years. You can also save money if your home is less than 14 years old.
Additionally, Farmers has rare discounts that can save you money. One of them is the responsible payment discount, which you can utilize if you pay your bill on time. Another way to receive a discount is by paying your annual premium in full at once.
The Best Homeowners Companies in Oregon for Expensive Homes
People with expensive homes tend to need more coverage. To find the best home insurance companies in Oregon for expensive homes, MoneyGeek analyzed the cost of insuring a property that would cost $2 million to replace against customer satisfaction.
Our findings determined that the top-rated providers in the state are:
- State Farm: MoneyGeek score of 83 out of 100
- American Family: MoneyGeek score of 82 out of 100
Excluded in the rankings is USAA, which limits its policies to those with military backgrounds. The company received a perfect score of 100, making it the best option for those who are eligible.
MoneyGeek broke down why State Farm scored the highest and listed some of its unique coverages that can help homeowners who need additional protection.
The Top Home Insurance Companies in Oregon for High-Value Homes
Customer satisfaction rating of 4.09 out of 5
Doesn’t have extended reimbursement and contents replacement cost coverage
It ranked low in terms of affordability
In Oregon, State Farm ranked second in customer satisfaction and seventh in affordability for high-value houses. The company may not offer the cheapest policies for expensive homes, but it has the best service experience for its customers.
State Farm offers coverages that tend to be good for high-value homeowners. These include cyber event/ID theft and scheduled personal property coverages. Cyber event/ID theft coverage can reimburse you if your identity is used in fraudulent activities. Meanwhile, scheduled personal property coverage can increase the coverage limits for your valuables, like jewelry and furs, silverware and goldware, business property and firearms.
The Best Homeowners Companies in Oregon for Veterans
MoneyGeek ranked the best home insurance companies in Oregon for those with military backgrounds. USAA received a score of 93 out of 100, making it the top option for military members, veterans and their families.
USAA’s annual premium costs an average of $974. The company tailors its policies and service to current and former military members.
The Top Home Insurance Companies in Oregon for Veterans
Coverage is tailored to military families
Customer satisfaction rating of 5 out of 5
Not available for those with no military background
MoneyGeek affordability score of 3.85 out of 5
USAA is the best home insurance company in Oregon for military families, ranking high in customer satisfaction.
The company includes contents replacement cost coverage in all of its policies. This reimburses you for your belongings without considering depreciation. USAA also offers home rental coverage and earthquake coverage. Both of these are rare add-ons.
Policyholders can receive discounts if they file no claims for five years or they own protective devices, like home security systems and water sensors.
The Best Homeowners Companies in Oregon for Bundling
You can save money by bundling your house and auto insurance policies with the same provider. However, you’ll want to ensure that you’re getting the best rates and service for both products.
MoneyGeek rated the best options for those looking to balance the best home insurance policy with the best car insurance in Oregon.
The two companies offering the best home and auto bundles in the state are:
- State Farm: MoneyGeek score of 81 out of 100
- Farmers: MoneyGeek score of 74 out of 100
Bundling your home and auto insurance together can get you a large discount. It’s also more convenient when you have to pay one company for multiple policies.
The Top Home Insurance Companies in Oregon for Bundling
Home insurance MoneyGeek score of 4.09 out of 5
23% bundling discount
Auto insurance MoneyGeek score of 3.50 out of 5
While State Farm only scored 3.50 for car insurance, it has a rating of 4.09 for home insurance. Bundling your policies together with State Farm can get you a 23% discount.
Some of the rare optional coverages that the company offers are loss assessment and home rental. Loss assessment can cover a portion of your covered loss if you’re a member of a homeowners association (HOA). Meanwhile, home rental coverage can provide property and liability protection if you rent out your home for more than 30 nights in a 12-month period.
Additionally, State Farm has rideshare insurance coverage, which you can purchase for your auto insurance policy. This ensures that your medical, emergency roadside assistance and rental car reimbursement remain in effect while you’re working for a rideshare company.
How to Find the Best Home Insurance in Oregon
When you are looking for the best home insurance in Oregon, you’ll want to make sure the insurer strikes a balance between cost, service reputation and financial stability. MoneyGeek gathered this information for you to help you find the best options. That said, you can still go through the process yourself using the following steps.
Research Customer Service Reputations in Oregon
To help you save time, MoneyGeek reviewed the customer service reputations of home insurers in Oregon. However, you can still check J.D. Power satisfaction scores and NAIC complaint ratios in your state for companies not included in our evaluations. You can also visit Oregon’s Department of Insurance website to gather more information.
Compare Quotes for Yourself
MoneyGeek used quotes for sample homeowners in Oregon. This means they are not applicable to every potential policyholder. Always make sure to gather and compare quotes from at least three providers to know you’re getting the right policy for your needs.
Make Sure the Company Has Coverages You Want in Oregon
Insurance companies advertise certain coverages or discounts that they offer. However, sometimes those offerings aren’t available in every state. It’s best to confirm with insurers if they have the coverages and discounts that you’re looking for before buying a policy.
Double-Check Financial Stability Ratings
The financial strength of an insurer is important when considering your options for home insurance. Larger companies tend to be financially stronger, while regional companies in Oregon may have lower ratings. The more financially stable an insurer is, the more likely it will be to pay out your legitimate claims.
FAQs About the Best Home Insurance in Oregon
The best home insurance in Oregon is the one that fits your needs and circumstances. MoneyGeek answered some frequently asked questions to help you find the best options.
MoneyGeek scores for homeowners insurance in Oregon were calculated by using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, real homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections focused on affordability and service experience specifically.
MoneyGeek analyzed homeowners insurance quotes from the top insurance companies in Oregon that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Oregon. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.
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