Best and Cheapest Homeowners Insurance in Oregon for 2025
Premiums as low as $30/month make USAA, State Farm, and Progressive the top choices for the best and cheapest homeowners insurance in Oregon. In this article, we explore whether staying loyal to an insurance company pays off and explore other important factors that influence your insurance rates and coverage.
From loyalty discounts to shopping around for better deals, we cover how different strategies can affect your premiums, policy options, and service quality. Readers will learn how to make informed decisions when choosing or switching insurance providers, ensuring they get the best value and coverage for their needs.
Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
---|---|---|---|---|---|
#1 | $30 | A++ | Military Focus | USAA | |
#2 | $38 | B | National Scale | State Farm | |
#3 | $39 | A+ | Competitive Rates | Progressive | |
#4 | $47 | A++ | Online Efficiency | Geico | |
#5 | $49 | A++ | Flexible Policies | Travelers | |
#6 | $54 | A | Community Focus | American Family | |
#7 | $56 | A+ | Customized Coverage | Nationwide | |
#8 | $57 | A | Multi-Line Discounts | Farmers | |
#9 | $71 | A | Risk Management | Liberty Mutual | |
#10 | $78 | A+ | Discount Options | Allstate |
Secure cheap insurance for your home by entering your ZIP code into our free quote comparison tool.
What You Should Know
- USAA's the top choice, with the highest bundling discount and cheapest rates for military families
- Wind and hail damage make up 35% of claims, averaging $12,000 each
- Fire-resistant homes earn the best premiums, while older homes face higher rates due to increased risk
#1 – USAA: Top Overall Pick
Pros
- Exclusive Service: With USAA, military service members receive specialized insurance support across Oregon regional offices.
- Monthly Value: A 300k policy for $42 delivers comprehensive coverage for Oregon military families.
- Response Team: Dedicated military insurance specialists address Oregon service members' claims within 24 hours.
Cons
- Service Limitation: Military affiliation requirements prevent many Oregon residents from accessing USAA insurance.
- Physical Access: Military families in Oregon must manage insurance claims through digital channels.
#2 – State Farm: Best for National Scale
Pros
- Agent Network: State Farm's local agents deliver personalized insurance assistance throughout Oregon's diverse communities.
- Premium Value: Homeowners can secure $500k comprehensive coverage in Oregon for $75 monthly.
- Claims Support: Local Oregon processing centers handle emergency insurance requests 24 hours daily.
Cons
- Location Impact: Coastal property owners experience substantially higher insurance premiums in Oregon regions.
- Policy Flexibility: Oregon homeowners must follow strict guidelines for mid-term policy modifications.
#3 – Progressive: Best for Competitive Rates
Pros
- Rate Platform: Homeowners can compare comprehensive insurance rates from multiple providers throughout Oregon.
- Affordable Plans: Progressive offers $200k coverage policies to Oregon residents for $39 monthly.
- Digital Management: Virtual management tools help Oregon homeowners track property inventories effectively.
Cons
- Mountain Properties: Oregon mountain homeowners face strict coverage limitations for natural disaster protection.
- Provider Network: Oregon residents must coordinate coverage through authorized third-party insurance providers.
#4 – Geico: Best for Online Efficiency
Pros
- Online Service: Digital platforms provide continuous insurance management access for Oregon property owners.
- Coverage Cost: Homeowners in Oregon can secure $300k property protection for $65 monthly.
- Mobile Platform: The company's advanced mobile features enable Oregon policyholders to manage their insurance efficiently.
Cons
- Agent Access: Oregon customers have limited opportunities for face-to-face insurance consultations (Read More: Top 5 Most Common Consumer Homeowners Insurance Complaints).
- Coverage Additions: Oregon homeowners must obtain specialized coverage through partner insurance providers.
#5 – Travelers: Best for Flexible Policies
Pros
- Policy Options: Travelers offer customizable insurance plans that address unique needs across Oregon's territories.
- Environmental Rewards: Oregon homeowners receive substantial discounts for implementing sustainable home features.
- Disaster Coverage: Comprehensive $500k policies protect Oregon homes against regional disasters for $97.
Cons
- Seasonal Rates: Oregon vacation property owners experience regular adjustments to insurance premium rates.
- Processing Time: Oregon homeowners experience extended waiting periods for complex insurance claims.
#6 – American Family: Best for Community Focus
Pros
- Community Rates: Local organizations throughout Oregon benefit from exclusive group insurance rates.
- Regional Protection: American Family provides $200k coverage to Oregon homeowners for $54 monthly.
- Emergency Planning: Oregon residents receive comprehensive resources for natural disaster preparation strategies.
Cons
- Rural Coverage: Remote Oregon homeowners experience significant limitations in available insurance services.
- State Transfer: Oregon policyholders face complicated processes when transferring coverage between states.
#7 – Nationwide: Best for Customized Coverage
Pros
- Environmental Focus: Insurance policies adapt to address specific climate risks across Oregon territories.
- Property Tools: Nationwide provides exclusive assessment resources with $300k policies in Oregon.
- Feature Protection: Oregon homeowners receive specialized coverage options for unique architectural features.
Cons
- Market Influence: Local property market changes affect insurance premium rates throughout Oregon.
- Rural Support: Oregon's remote communities have restricted access to specialized insurance services.
#8 – Farmers: Best for Multi-Line Discounts
Pros
- Package Deals: Multiple policy combinations generate substantial savings for Oregon insurance customers.
- Local Knowledge: Regional insurance experts provide specialized guidance for Oregon property protection.
- Home Improvements: Farmers reward property upgrades with $500k policies for $111 in Oregon.
Cons
- Special Properties: Unique architectural homes in Oregon require extensive supplemental insurance coverage.
- Service Range: Oregon's outlying communities lack access to comprehensive insurance representatives.
#9 – Liberty Mutual: Best for Risk Management
Pros
- Risk Protection: Liberty Mutual conducts thorough property evaluations for Oregon homeowners seeking coverage.
- Security Value: Oregon residents receive $200k protective coverage starting at $71 monthly.
- Safety Resources: Liberty Mutual provides extensive prevention tools for Oregon's high-risk properties.
Cons
- Coastal Costs: Oregon coastal property owners face substantial increases in insurance premium rates.
- Coverage Access: High-risk areas throughout Oregon experience significant insurance coverage restrictions.
#10 – Allstate: Best for Discount Options
Pros
- Savings Options: With Allstate, multiple discount programs create substantial savings for Oregon insurance policyholders.
- Loyalty Benefits: Oregon customers receive enhanced savings with $300k policies priced at $110.
- Regional Incentives: Property improvements qualify Oregon homeowners for substantial insurance premium reductions.
Cons
- Starting Rates: Oregon property owners must pay elevated premiums before the discount application process.
- Discount Rules: Oregon homeowners must satisfy extensive requirements to qualify for premium reductions.
Best Home Insurance in Oregon: Rates and Discounts
There are many perils your home can face that may result in damage that requires filing a homeowners insurance claim. That’s likely not something you want to think about, but if you have one of the best homeowners insurance in Oregon, you can have peace of mind your home will be repaired in a smooth process.
To help you be more confident in your homeowners insurance company, we have reviewed and ranked insurers so you can evaluate and compare the best Oregon home insurance companies. In the table below, you can sort through every homeowners insurance company that sells in Oregon. Next to each insurer, you’ll find the company's monthly insurance rates:
Insurance Company | $200k Policy | $300k Policy | $500k Policy |
---|---|---|---|
$78 | $110 | $153 | |
$54 | $82 | $106 | |
$57 | $87 | $111 | |
$47 | $65 | $93 | |
$71 | $100 | $141 | |
$56 | $85 | $110 | |
$39 | $57 | $78 | |
$38 | $55 | $75 | |
$49 | $71 | $97 | |
$30 | $42 | $58 |
Oregon homeowners seeking the best home insurance often prioritize discounts as a key factor in finding cheap homeowners insurance in Oregon. Many companies, including Allstate, Geico, and State Farm, offer savings like bundling auto and home policies, good driver incentives, and loyalty rewards. These are among the ways customers say they’ve saved on homeowners insurance while enjoying competitive Oregon homeowners insurance rates.
Insurance Company | Available Discounts |
---|---|
Bundling Auto and Home Policies, New Car, Paid-In-Full, Loyalty, Responsible Payer | |
Bundling Policies, Loyalty, Switching Provider, Good Driving, Homeowner | |
Bundling Policies, Responsible Payer, Good Driving, Homeowner, Student | |
Bundling Policies, Good Driver, New Car, Seat Belt, Auto Safety Features | |
Bundling Policies, Good Driver, Student, Homeowner, Safety Features | |
Bundling Policies, Good Driving, Accident-Free, Paperless Billing, Homeowner | |
Bundling Policies, Good Driver, Switching Provider, Homeowner, Low Mileage | |
Bundling Policies, Good Driver, Safety Features, Accident-Free, Homeowner | |
Bundling Policies, Good Driver, New Car, Homeowner, Accident-Free | |
Bundling Policies, Good Driver, New Car, Loyalty, Homeowner |
By reviewing both the rates and discount options, homeowners can identify affordable and effective coverage. Insurers like USAA and State Farm stand out for offering low premiums, such as $42 and $55 for a $300k policy, respectively.
Discounts like bundling auto and home policies or loyalty rewards can further lower the homeowners insurance in Oregon cost. Protecting your home against perils like hail damage is crucial, and selecting the best home insurance in Oregon ensures you’re financially prepared for unexpected events while enjoying competitive rates and valuable savings.
Oregon Home Insurance Report: Claims & Premium Statistics
Oregon homeowners benefit from relatively low average premiums due to a lower risk of severe weather, though fire, earthquakes, landslides, and mudslides remain potential hazards. Standard policies cover essentials like dwelling and liability, with optional add-ons like flood insurance and earthquake coverage for added protection.
To find the cheapest home insurance in Oregon tailored to your needs, compare home insurance quotes in Oregon and consider customer-rated companies for insights on pricing, claims service, and overall satisfaction.
Insurance Company | Anti-Theft | Bundling | Good Driver | Good Student | UBI |
---|---|---|---|---|---|
25% | 10% | 20% | 15% | 5% | |
30% | 5% | 15% | 12% | 7% | |
20% | 10% | 25% | 15% | 10% | |
25% | 10% | 10% | 20% | 8% | |
30% | 5% | 20% | 12% | 10% | |
20% | 10% | 25% | 15% | 8% | |
25% | 8% | 15% | 20% | 5% | |
20% | 10% | 20% | 10% | 7% | |
25% | 5% | 25% | 12% | 8% | |
20% | 15% | 10% | 15% | 10% |
The tables above offer valuable insights into the best home insurance companies in Oregon, showcasing discounts and claims data relevant to homeowners. Companies like Liberty Mutual and American Family stand out for offering up to 30% savings on anti-theft measures, while USAA provides the highest bundling discount at 15%, emphasizing cost-effective options for cheap home insurance in Oregon.
Claim Type | Portion of Claims | Cost per Claim |
---|---|---|
Wind and Hail Damage | 35% | $12000 |
Fire and Lightning Damage | 25% | $80000 |
Water Damage and Freezing | 20% | $10000 |
Theft and Burglary | 10% | $4500 |
Liability Claims | 10% | $25000 |
The claim statistics highlight key risks like wind and hail damage, which account for 35% of claims with an average cost of $12,000, and fire damage, which is the most expensive at $80,000 per claim.
City | Accidents per Year | Claims per Year |
---|---|---|
Bend | 800 | 600 |
Eugene | 1,000 | 750 |
Medford | 500 | 350 |
Portland | 2,500 | 1,800 |
Salem | 1,200 | 900 |
Additionally, the report card reveals that multi-policy discounts and fire-resistant materials significantly reduce the average home insurance cost in Oregon.
Category | Grade | Explanation |
---|---|---|
Fire Resistance | A | Homes with fire-resistant materials receive the best premium rates. |
Multi-Policy Discount | A | Significant savings for bundling homeowners and other policies. |
Claims History | B | Moderate rates for homes with limited claims history. |
Home Security Systems | B | Discounts for homes equipped with approved security systems. |
Older Homes | C | Higher premiums due to increased risk of structural issues. |
For homeowners in cities like Portland or Salem, which report higher claims rates, these factors are crucial in identifying the most affordable and comprehensive coverage.
Finding the Cheapest Home Insurance in Oregon
Your home is likely your most valuable asset, making it that much more important that you insure your home with one of the best Oregon homeowners insurance companies. For the best and cheapest homeowners insurance, USAA, State Farm, and Progressive are the top choices.
USAA offers exclusive benefits for military families with the cheapest rates and the highest bundling discount at 15%. State Farm stands out with its personalized coverage and strong local agent support. Progressive’s flexibility, including tools like the Name Your Price tool, makes it ideal for those seeking convenience and affordable options.
Each company provides unique advantages, ensuring you find the best coverage for your needs. But beyond just picking a company, it’s crucial to have the right coverage and to understand that coverage. If you’re looking to protect your most valuable asset with home insurance, compare rates now with our free quote tool.
Frequently Asked Questions
What factors impact my homeowners insurance premium in Oregon?
Your homeowners insurance premium in Oregon will be influenced by factors such as the age and condition of your home, its location (especially in areas prone to wildfires or floods), building materials, and your claims history. Additionally, the proximity to emergency services and the local crime rate can also affect premiums.
Is earthquake insurance necessary for homeowners in Oregon?
Earthquake insurance is not included in standard homeowners policies but is highly recommended for residents of Oregon due to the region's seismic risk. Adding earthquake coverage can protect your home from damage caused by tremors and aftershocks.
How to prevent ice dam damage and an insurance claim in Oregon?
To prevent ice dam damage and an insurance claim in Oregon, ensure your attic is well-ventilated and insulated to prevent snowmelt refreezing at the roof's edge. Also, regularly clean gutters to avoid water backup and ice dam formation, reducing the risk of costly repairs and claims (Read More: How to prevent ice dam damage and an insurance claim).
Does homeowners insurance cover theft if a house is robbed?
Yes, homeowners insurance typically covers theft, but the extent of coverage depends on your specific policy. If your home in Oregon was burglarized, your policy should cover the loss of stolen items and any damage caused by the break-in, such as broken windows or doors. Keep an inventory of valuables to streamline the claims process.
Read More: My house was robbed - does my homeowners insurance cover it?
What should I look for when switching homeowners insurance in Oregon?
When switching homeowners insurance in Oregon, consider factors such as coverage limits, deductibles, exclusions, and the reputation of the insurance company. Compare quotes to ensure you're getting the best price for the coverage you need, especially if you live in areas vulnerable to specific risks like wildfires.
Get the perfect home insurance policy at the best price by using our free comparison tool.
How can I lower my homeowners insurance premium in Portland, OR?
For homeowners in Portland, OR, several options can help lower premiums. Consider bundling your homeowners insurance with other policies like auto insurance, installing home security systems, or increasing your deductible. Additionally, ensuring your home is adequately protected against natural disasters, such as earthquakes or wildfires, could reduce costs.
What does homeowners insurance in Portland, Oregon, typically cover?
Homeowners insurance in Portland, Oregon, typically covers dwelling protection, personal property, liability, and additional living expenses in case of home displacement. It is also crucial to ensure that your policy includes protection against natural disasters like wildfires and floods, which can be a higher risk in Oregon.
The best place to start when you want affordable home insurance is to enter your ZIP code into our free comparison tool.
How do I file a claim for water damage in my Oregon home?
If you experience water damage in your Oregon home, the first step is to contact your insurance company immediately. Document the damage with photographs, make temporary repairs to prevent further loss, and keep receipts for any costs. The insurance company will guide you through the claims process.
Is wildfire damage covered by homeowners insurance in Oregon?
Most standard homeowners insurance policies in Oregon cover wildfire damage. However, some insurers may have specific exclusions or restrictions for areas deemed high-risk. It's important to verify your policy’s coverage limits for wildfires, especially if you live in a fire-prone region.
Read More: Does homeowners insurance cover wildfires?
What is the average cost of homeowners insurance in Oregon?
The average cost of homeowners insurance in Oregon varies depending on your home's location, size, and other risk factors. In areas like Portland, OR, where the risk of natural disasters such as earthquakes and wildfires may be higher, premiums can be higher compared to other regions. Always compare quotes to get the best deal.