State Farm and Nationwide are the best cheap renters insurance companies in Oregon. State Farm offers the lowest rates. Nationwide ranks highest for customer satisfaction and provides the most comprehensive coverage options.
Cheap Renters Insurance in Oregon
Updated: May 2, 2025
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Key Takeaways
State Farm is Oregon's best overall and cheapest renters insurance company, with rates starting at $235 per year.
Renters insurance costs an average of $21 per month in Oregon.
To find the best and most affordable renters insurance, decide on your coverage needs first. Then, research costs and compare many quotes.
Oregon Renters Insurance Quote Estimates
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Rates updated:
Jul 09, 2025
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Best Cheap Renters Insurance Companies in Oregon
| State Farm | 93 | $20 | $235 |
| Nationwide | 88 | $26 | $306 |
| Allstate | 84 | $24 | $287 |
| Mutual of Enumclaw | 73 | $30 | $364 |
| CIG | 69 | $31 | $374 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Oregon
While our list above covers most renters, it may not show your ideal options. We've made a filterable table that matches your profile to help you find the best options in Oregon.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier:Good
| State Farm | 93 | $13 | $162 |
| Nationwide | 89 | $17 | $199 |
| American Family | 81 | $19 | $233 |
| Allstate | 79 | $19 | $224 |
| CIG | 79 | $16 | $192 |
Best Oregon Renters Insurance Reviews
The sections below detail our top picks for affordability, customer service and coverage options for Oregon renters insurance.
State Farm: Best Cheap Overall
pros
Lowest rates regardless of profile
Good discount selection
High financial stability ratings
cons
Below-average claims satisfaction
Few add-on coverage options
COMPANY HIGHLIGHTS
State Farm ranks fourth nationally in customer satisfaction, according to J.D. Power, and offers Oregon's most affordable renters insurance starting at $20 per month. The company allows renters to customize their personal property coverage limits to match individual needs.
Nationwide: Best for Customer Service and Coverage Options
pros
Most extensive add-on coverage selection
High claims satisfaction
cons
Less affordable for lower coverage
COMPANY HIGHLIGHTS
Nationwide ranks second among renters insurance providers in Oregon. It balances affordability, customer service and coverage options. Oregon renters pay about $26 monthly. The company offers earthquake coverage and credit/identity theft monitoring. J.D. Power ranks Nationwide fifth nationally for claims satisfaction.
Average Cost of Renters Insurance in Oregon
Renters insurance costs $21 monthly in Oregon on average, $1 higher than the national average of $20. These rates reflect a policy with $50K in personal property coverage, $100K in liability limits and a $1,000 deductible. Your rate may vary based on your situation.
Below is a table where you can filter key factors affecting renters insurance rates to see average costs for your profile.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement:Covered
| $50K Personal Property / $100K Liability | $21 | $257 |
Average Oregon Renters Insurance Cost by City
Renters insurance costs vary by city. The average annual premium in Eugene is $227; in Gresham, it's $220 for a policy with $50K in personal property coverage and $100K in liability coverage. Check the table below for the average cost in your city.
| Eugene | $227 |
| Gresham | $220 |
| Hillsboro | $201 |
| Portland | $225 |
| Salem | $216 |
*This table shows rates for a renter with good credit and no claims history. Policies include $50K property damage coverage, $100K liability coverage, a $1,000 deductible and guaranteed replacement.
Oregon Renters Insurance: Buyer's Guide
Finding the right renters insurance in Oregon can be challenging with numerous options available. This guide will help you identify the best coverage for your needs.
How to Find the Best Cheap Renters Insurance in Oregon
Take these steps to find affordable renters insurance that meets your needs:
- 1
Determine the right coverage level
Before shopping for renters insurance, determine how much coverage you need. Consider your belongings' value, local weather risks, crime rates and potential pet liability issues.
- 2
Research costs and discounts
Once you identify your coverage needs, research average costs for similar coverage. This will give you a baseline for comparing quotes. You can also look into discounts to reduce your rates further.
- 3
Compare providers
Research companies' reputations, typical costs and coverage options before requesting quotes. This helps narrow your choices to providers that best match your needs.
- 4
Consider bundling
Check if bundling renters and auto insurance with your current car insurer makes sense. Often, the discount on auto insurance can offset most or all of your renters insurance cost.
- 5
Compare multiple quotes through different channels
Get at least five quotes with identical coverage levels. Check prices through comparison sites, provider websites, insurance brokers and phone calls with agents, as rates may vary.
- 6
Compare rates annually
Insurance rates change frequently. The provider offering the best deal today might not be the cheapest next year. Compare rates annually to ensure you still get the best value.
How Much Renters Insurance Do I Need in Oregon?
Oregon law doesn't mandate renters insurance, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit score and pet ownership. When choosing a policy, consider the value of your belongings, local weather risks, neighborhood crime rates and pet ownership.
Use our calculator below to determine your ideal personal property limits so you know how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Oregon Renter Risk Considerations
Here are the usual risks for renters in Oregon, along with coverage options:
- Weather risks: Oregon faces a high risk of wildfires, volcanic eruptions, tsunamis, landslides and earthquakes in certain areas. Standard coverage may not protect you in high-risk zones, requiring additional coverage.
- Crime risks: Oregon ranks fourth for property crime and 31st for identity theft and fraud nationwide. Consider adding extra coverage to your renters policy for better protection against property damage.
- Pet ownership: Pet owners should consider pet liability coverage. Check if your provider's standard policy includes pet protection or requires an add-on.
- Property types: Standard policies might not fully cover specialized items like tools, electronics or rental property structures like pools. Look for insurers offering specific add-ons to protect these belongings.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers damage to your property, liability to others and loss of use linked to your rental home. Make your policy more comprehensive by adding extra coverages. Here are some common types of renters insurance coverage:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Pays for damaged or stolen personal items in your rental, up to your policy limit. You receive the actual cash value (depreciated value) unless you have replacement cost coverage, which provides funds for new items. | |
Standard | Pays for medical and legal expenses if someone is injured in your rental. Many landlords require tenants to have this coverage. | |
Additional living expenses | Standard | Covers temporary housing costs, including meals, lodging and transportation, when you can't stay in your rental home. Benefits are typically based on a percentage of personal property limits or a set amount, depending on the insurer. |
Natural disasters | Add-on | Separate policies that cover personal property damage caused by earthquakes and floods |
Parts/Equipment | Add-on | Separate policies for tools, appliances and utilities in your rental |
Scheduled property | Add-on | Insures specific valuable items up to a predetermined amount |
Identity theft | Add-on | Protects financially against identity theft, covering stolen funds, legal expenses and monitoring services. |
Pet liability | Add-on | Covers injuries caused by your pet on your rental property, though standard policies may include this |
Modifications | Add-on | Covers custom additions and modifications not part of the original rental property |
Food loss | Add-on | Reimburses any food lost due to covered incidents |
Best Renters Insurance in Oregon: Bottom Line
Oregon's best and cheapest overall renters insurance companies are State Farm and Nationwide. While we recommend these options, research for yourself and compare multiple companies and quotes to get the best deal.
Renters Insurance in Oregon: FAQ
Here are answers from our experts to common questions:
What is the cheapest renters insurance company in Oregon?
State Farm offers the cheapest renters insurance in Oregon, with an average annual premium of $235 or $20 per month.
What is the best renters insurance company in Oregon?
State Farm is the best renters insurance company in Oregon, with a MoneyGeek score of 93 out of 100 due to its superior affordability and strong customer satisfaction.
How much does renters insurance cost in Oregon?
The average cost of renters insurance in Oregon is $257 per year or $21 per month, 6% more than the national average. Annual premiums range from $235 to $374.
Is renters insurance required in Oregon?
Oregon doesn't legally require renters insurance, but your landlord might ask for it. Consider your needs and situation to decide if a policy is right for you. Reasons to get renters insurance include financial protection from common risks and liability for third-party injuries.
How We Found the Best Cheap Renters Insurance Companies
To find the cheapest renters insurance in Oregon, we used this base profile:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
We used this to determine our affordability score for the state (60% of the score).
Other parts of our score included:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- American Red Cross. "Which Natural Disasters Should You Prepare For?." Accessed May 2, 2025.
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed May 2, 2025.
- U.S. News. "Low Property Crime Rate." Accessed May 2, 2025.