In Oregon, Capital Insurance Group dominates the home insurance market, offering the most affordable policies for a variety of needs, including insuring high-value and new homes. However, Nationwide stands out as the best choice for homeowners with low credit scores, providing tailored solutions for prospective policyholders. Meanwhile, State Farm shines with its budget-friendly bundles and is the cheapest provider for homeowners with a recent claim history.
Cheapest Homeowners Insurance in Oregon (2024 Rates)
In Oregon, Capital Insurance Group offers the most affordable home insurance rates at a yearly average of $438. However, many factors can affect your premiums, including your home's location and construction type.
Mark Fitzpatrick
Head of Insurance, MoneyGeek
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](https://www.cnbc.com/2020/04/15/cant-keep-up-with-insurance-premiums-heres-what-to-do.html), [NBC News](https://www.nbcnews.com/business/autos/flooded-cars-are-problem-their-owners-future-car-buyers-n1278493) and [Mashable](https://mashable.com/article/tesla-insurance-rates). 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.
Casie McCoskey
Content Editor
Casie McCoskey is a professional editor passionate about providing people with accessible information on personal finance. Before MoneyGeek, she worked in the legal field, drafting and editing briefs and motions.
Mark Fitzpatrick
Head of Insurance, MoneyGeek
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](https://www.cnbc.com/2020/04/15/cant-keep-up-with-insurance-premiums-heres-what-to-do.html), [NBC News](https://www.nbcnews.com/business/autos/flooded-cars-are-problem-their-owners-future-car-buyers-n1278493) and [Mashable](https://mashable.com/article/tesla-insurance-rates). 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.
Casie McCoskey
Content Editor
Casie McCoskey is a professional editor passionate about providing people with accessible information on personal finance. Before MoneyGeek, she worked in the legal field, drafting and editing briefs and motions.
Updated: October 3, 2024
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Table of Contents
Why Trust MoneyGeek? MoneyGeek used information from the Oregon Division of Financial Regulation and Quadrant Information Services to obtain data on insurance rates, discounts and more.
These rates reflect the cheapest home insurance quotes in Oregon as of 2024.
Overall Cheapest Homeowners Insurance in Oregon
Capital Insurance Group ranks as the most affordable overall provider in Oregon, with annual premiums for $100K in dwelling coverage averaging $438. Remember, home insurance rates can drastically fluctuate based on your dwelling coverage.
Here's a snapshot of the cheapest rates:
- Cheapest for $100,000: Capital Insurance Group at $438 per year
- Cheapest for $250,000: Capital Insurance Group at $614 per year
- Cheapest for $500,000: Capital Insurance Group at $883 per year
Explore a range of cheap home insurance options with MoneyGeek's table to see how rates change with dwelling coverage.
- $100K Dwelling / $50K Personal Property / $100K Liability
- $1MM Dwelling / $500K Personal Property / $1MM Liability
- $250K Dwelling / $125K Personal Property / $200K Liability
- $500K Dwelling / $250K Personal Property / $300K Liability
- $750K Dwelling / $375K Personal Property / $500K Liability
- 2000
- 2023
Capital Insurance Group | Annual Premium$438 |
Nationwide | Annual Premium$457 |
American Family | Annual Premium$539 |
Farmers | Annual Premium$590 |
State Farm | Annual Premium$606 |
Allstate | Annual Premium$911 |
COUNTRY Financial | Annual Premium$1,028 |
Compare Oregon Home Insurance Quotes Online
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.
Home Insurance Cost Calculator
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Oct 14, 2024
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.
Cheapest Home Insurance in Oregon for High-Value Homes
In Oregon, the most affordable home insurance for high-value homes comes from Capital Insurance Group. It offers average premiums as low as $1,144 per year for $750K in dwelling coverage. The price of dwelling coverage, a key cost driver, is often higher for high-value homes. Here's a quick look at the cheapest available 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.
- $1MM Dwelling / $500K Personal Property / $1MM Liability
- $750K Dwelling / $375K Personal Property / $500K Liability
- 2000
- 2023
Capital Insurance Group | Annual Premium$1,144 |
American Family | Annual Premium$1,877 |
Nationwide | Annual Premium$2,066 |
State Farm | Annual Premium$2,514 |
Allstate | Annual Premium$2,558 |
Farmers | Annual Premium$2,652 |
COUNTRY Financial | Annual Premium$4,224 |
Cheapest Home Insurance in Oregon for New Homes
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:
- Cheapest for $100,000: Capital Insurance Group at $244 per year
- Cheapest for $250,000: Capital Insurance Group at $356 per year
- Cheapest for $500,000: Capital Insurance Group at $508 per year
To further understand how prices vary for a new home by dwelling coverage, take a look at the table on MoneyGeek.
- $100K Dwelling / $50K Personal Property / $100K Liability
- $1MM Dwelling / $500K Personal Property / $1MM Liability
- $250K Dwelling / $125K Personal Property / $200K Liability
- $500K Dwelling / $250K Personal Property / $300K Liability
- $750K Dwelling / $375K Personal Property / $500K Liability
Capital Insurance Group | Annual Premium$244 |
Nationwide | Annual Premium$247 |
American Family | Annual Premium$354 |
State Farm | Annual Premium$373 |
Farmers | Annual Premium$433 |
COUNTRY Financial | Annual Premium$620 |
Allstate | Annual Premium$830 |
Cheapest Home Insurance in Oregon for Low Credit Scores
In Oregon, Nationwide provides the most affordable home insurance for homeowners with poor credit at an annual average of $779 for $100K in dwelling coverage. Insurers evaluate credit scores as they indicate the potential risk of the policyholder defaulting on 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.
- Below Fair
- Excellent
- Fair
- Good
- Poor
- $100K Dwelling / $50K Personal Property / $100K Liability
- $1MM Dwelling / $500K Personal Property / $1MM Liability
- $250K Dwelling / $125K Personal Property / $200K Liability
- $500K Dwelling / $250K Personal Property / $300K Liability
- $750K Dwelling / $375K Personal Property / $500K Liability
- 2000
- 2023
Nationwide | Annual Premium$779 |
Capital Insurance Group | Annual Premium$836 |
American Family | Annual Premium$938 |
State Farm | Annual Premium$1,360 |
COUNTRY Financial | Annual Premium$1,827 |
Allstate | Annual Premium$2,074 |
Farmers | Annual Premium$4,540 |
Cheapest Home Insurance in Oregon With a Claims History
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:
- Cheapest for $100,000: State Farm at $624 per year
- Cheapest for $250,000: Capital Insurance Group at $967 per year
- Cheapest for $500,000: Capital Insurance Group at $1,390 per year
For policyholders with no claims in the last five years, the average cost of home insurance is $305 less per year compared to those with two claims, indicating that maintaining a minimal claims record can significantly reduce your premium. Such savings are particularly valuable in Oregon, allowing homeowners to manage their insurance costs more effectively.
- 1 claim in past 5 years
- Claim free for 5+ years
- 2 claims in past 5 years
- 2000
- 2023
- $100K Dwelling / $50K Personal Property / $100K Liability
- $1MM Dwelling / $500K Personal Property / $1MM Liability
- $250K Dwelling / $125K Personal Property / $200K Liability
- $500K Dwelling / $250K Personal Property / $300K Liability
- $750K Dwelling / $375K Personal Property / $500K Liability
State Farm | Annual Premium$624 |
Nationwide | Annual Premium$634 |
American Family | Annual Premium$680 |
Capital Insurance Group | Annual Premium$690 |
Farmers | Annual Premium$703 |
Allstate | Annual Premium$1,258 |
COUNTRY Financial | Annual Premium$1,298 |
Cheapest Home Insurance in Oregon by Home and Roof Materials
Your home's construction and roof materials directly impact the cost of home insurance premiums. In Oregon, the most affordable provider for a home with frame-type construction and a shake-treated roof is Capital Insurance Group, which has an average annual premium of $439. Frame construction and shake-treated roofs can drive up insurance costs due to their higher susceptibility to damage and deterioration.
Here's how Capital Insurance Group stacks up for various coverage values:
- Cheapest for $100,000: Capital Insurance Group at $439 per year
- Cheapest for $250,000: Capital Insurance Group at $615 per year
- Cheapest for $500,000: Capital Insurance Group at $885 per year
Interestingly, superior construction with a tile roof accelerates savings on insurance. Homes with superior construction and tile roofs average a $669 annual premium, $77 less than their frame and shake-treated counterparts. Oregon homeowners can leverage this insight to guide their construction choices and reduce insurance costs.
- Frame
- Superior
- Masonry
- Composition
- Shake-Treated
- Tile
- $100K Dwelling / $50K Personal Property / $100K Liability
- $1MM Dwelling / $500K Personal Property / $1MM Liability
- $250K Dwelling / $125K Personal Property / $200K Liability
- $500K Dwelling / $250K Personal Property / $300K Liability
- $750K Dwelling / $375K Personal Property / $500K Liability
Capital Insurance Group | Annual Premium$439 |
Nationwide | Annual Premium$497 |
American Family | Annual Premium$540 |
State Farm | Annual Premium$606 |
Farmers | Annual Premium$615 |
Allstate | Annual Premium$920 |
COUNTRY Financial | Annual Premium$1,068 |
Cheapest Home Insurance in Oregon by Deductible
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.
- 500
- 1000
- 1500
- 2000
- $100K Dwelling / $50K Personal Property / $100K Liability
- $1MM Dwelling / $500K Personal Property / $1MM Liability
- $250K Dwelling / $125K Personal Property / $200K Liability
- $500K Dwelling / $250K Personal Property / $300K Liability
- $750K Dwelling / $375K Personal Property / $500K Liability
- 2000
- 2023
Capital Insurance Group | Annual Premium$396 |
Nationwide | Annual Premium$428 |
American Family | Annual Premium$509 |
Farmers | Annual Premium$547 |
State Farm | Annual Premium$558 |
Allstate | Annual Premium$845 |
COUNTRY Financial | Annual Premium$925 |
Cheapest Home and Auto Insurance Bundle in Oregon
The most affordable company for a home and auto bundled policy in Oregon is State Farm, offering an average annual rate of $1,508. Significant savings are achievable when bundling home and auto insurance, so it's worth your consideration.
- State Farm at $1,508 per year
- Nationwide at $1,732 per year
Bundling carries the added advantage of handling both policies with one insurer. Offering simplicity in insurance management, customers can easily maneuver their policies efficaciously and communicate via a single point of contact. Delve into the best Oregon insurance bundle to explore these benefits further.
State Farm | Annual Premium$1,508 |
Nationwide | Annual Premium$1,732 |
Auto-Owners Insurance Co | Annual Premium$2,004 |
Farmers | Annual Premium$2,079 |
Allstate | Annual Premium$2,365 |
Cheapest Home Insurance in Oregon by City
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.
Eugene | Cheapest CompanyNationwide | Annual Premium$418 |
Gresham | Cheapest CompanyCapital Insurance Group | Annual Premium$402 |
Hillsboro | Cheapest CompanyCapital Insurance Group | Annual Premium$410 |
Portland | Cheapest CompanyCapital Insurance Group | Annual Premium$408 |
Salem | Cheapest CompanyNationwide | Annual Premium$442 |