Best and Cheapest Renters Insurance in Oregon for 2025 (10 Most Affordable Companies)

USAA, State Farm, and Progressive offer the best and cheapest renters insurance in Oregon, with rates starting at $10 per month and coverage for personal property, liability, and loss of use.

USAA provides military families with replacement cost coverage and no deductible for uniforms. State Farm includes bundling discounts, identity theft protection, inflation coverage to adjust for rising costs, and customizable insurance deductible choices.

Company	Rank	Monthly Rates	A.M. Best	Best For	Jump to Pros/Cons
	#1	$10	A++	Military Loyalty	USAA
	#2	$11	B	Policy Bundling	State Farm
	#3	$15	A+	Device Safety	Progressive
	#4	$16	A++	Claims-Free	Geico
	#5	$18	A++	Security System	Travelers
	#6	$20	A	Billing Paperless	American Family
	#7	$22	A+	Automatic Payments	Nationwide
	#8	$23	A	Loyalty Discount	Farmers
	#9	$24	A	Early Shopper	Liberty Mutual
	#10	$25	A+	Easy Pay	Allstate

Progressive offers flexible coverage limits, pet liability options, and a disappearing deductible for claim-free policyholders.

Compare these providers to secure affordable and comprehensive renters insurance in Oregon. Using our free quote comparison tool and inputting your ZIP code will help you find lower insurance prices.

What You Should Know

• USAA is the top pick, offering military families replacement cost coverage and no uniform deductible
• Renters in Oregon can get coverage from $10, including liability, property, and loss of use
• Compare providers for the best and cheapest renters insurance in Oregon, with bundling discounts

#1 – USAA: Top Overall Pick

Pros

• Oregon Military Benefits: Exclusive Military Uniform Coverage replaces damaged uniforms with no deductible for active duty members.
• Lowest Oregon Rates: At just $10 per month, USAA provides the cheapest renters insurance in Oregon with broad personal property and liability coverage.
• Superior Financial Strength: Rated A++ by A.M. Best, USAA has a proven 98% customer satisfaction rating for claims handling. For additional details, explore our USAA insurance review.

Cons

• Oregon Eligibility Restriction: Only military members, veterans, and their families qualify, leaving most renters without access.
• Limited Oregon Discounts: Lacks multi-policy and security system discounts found with other insurers like State Farm and Travelers.

#2 – State Farm: Best for Policy Bundling

Pros

• Oregon Multi-Policy Savings: Renters can save up to 17% when bundling renters and auto insurance through State Farm’s Multi-Line Discount.
• Customizable Oregon Coverage: Offers Personal Articles Policy for high-value items like jewelry and electronics, plus inflation protection.
• Personal Property Protection in Oregon: Provides replacement cost coverage for belongings, avoiding depreciation deductions.

Cons

• Lower A.M. Best Rating in Oregon: With only a B rating, it ranks lower in financial strength than A++ insurers like USAA and Travelers. Access comprehensive insights into our State Farm renters review.
• Oregon Rate Increases: Monthly premiums start at $11, but many policyholders report annual rate hikes despite remaining claims-free.

#3 – Progressive: Best for Device Safety

Pros

• Oregon Device Protection: Progressive's Personal Electronics Coverage safeguards laptops, smart home devices, and gaming systems from damage.
• Adjustable Oregon Deductibles: Renters can choose a greater deductible to reduce their monthly costs; deductible options range from $250 to $1,000.
• Discounted Oregon Bundling: Progressive's Renters + Auto Bundle saves policyholders 5%-10% on both policies. Discover insights in our Progressive renter's review.

Cons

• No Replacement Cost Coverage in Oregon: Personal property is covered at actual cash value (ACV) rather than replacement cost, meaning depreciation applies when filing claims.
• Limited Oregon Renters Add-Ons: No identity theft protection or earthquake coverage options, which competitors like Farmers and Travelers offer.

#4 – Geico: Best for Claims-Free Renters

Pros

• Oregon Claims-Free Discount: Renters with a 5-year claim-free history qualify for a 15% premium reduction on monthly rates.
• Excellent Financial Strength: A.M. Best’s A++ rating confirms Geico’s strong ability to pay claims, even in disaster scenarios.
• Low Oregon Deductible Options: Offers deductibles as low as $250, making it easier for renters to afford claims.

Cons

• No Direct Oregon Renters Policies: Geico outsources renters insurance to third-party providers, which can lead to varied coverage quality. Unlock details in our Geico renters insurance review.
• Oregon Limited Customization: No customizable coverage add-ons, unlike State Farm and Nationwide, which offer specialized protections.

#5 – Travelers: Best for Security System Discounts

Pros

• Oregon Smart Home Savings: Security System Discount offers up to 10% savings for renters using ADT, SimpliSafe, or Vivint.
• Excellent Financial Rating: Top-rated A++ financial strength from A.M. Best means strong claim reliability and timely payouts.
• Broad Oregon Peril Coverage: Covers fire, theft, vandalism, and natural disasters, plus optional flood insurance.

Cons

• Above-Average Oregon Premiums: Starts at $18 per month, costing nearly twice as much as USAA's base rate. Delve into our evaluation of the Travelers' insurance review..
• Strict Oregon Policy Terms: Renters must provide proof of security systems to qualify for discounts, unlike State Farm's automatic bundling discounts.

#6 – American Family: Best for Paperless Billing

Pros

• Oregon Paperless Discount: Renters who opt for digital billing get an automatic 5% premium discount.
• Replacement Cost Coverage in Oregon: Pays the full value to replace stolen or damaged belongings, without depreciation deductions.
• Strong Oregon Add-Ons: Includes Identity Fraud Expense Coverage, providing up to $10,000 in identity theft recovery support.

Cons

• Higher Oregon Base Rate: Starts at $20 per month, double the USAA cost. Access comprehensive insights into our American Family insurance review.
• Oregon Coverage Not Nationwide: Limited availability, with renters in some regions unable to access specific discounts.

#7 – Nationwide: Best for Automatic Payments

Pros

• Oregon Auto-Pay Discounts: Renters enrolled in automatic monthly payments qualify for a 5% premium reduction through Nationwide’s SmartRide program.
• Strong Liability Protection in Oregon: Offers up to $500,000 in personal liability coverage, covering legal fees, medical costs, and accidental property damage caused by renters.
• Identity Theft Add-On in Oregon: Provides up to $25,000 in fraud recovery assistance, credit monitoring, and identity restoration for policyholders through Nationwide’s Identity Theft Protection.

Cons

• Pricey Oregon Base Rate: Starts at $22 per month, which is more than double USAA’s $10 per month rate despite similar base coverage options. Discover more about offerings in our Nationwide insurance review.
• Oregon Fewer Bundling Discounts: Offers only a 5% auto-renters bundle discount, compared to State Farm’s 17% and Progressive’s 10% multi-policy discount.

#8 – Farmers: Best for Loyalty Discounts

Pros

• Oregon Loyalty Rewards: Renters insured for three years or longer receive a declining deductible benefit, reducing out-of-pocket costs after each claim-free year.
• Diverse Oregon Renters Policies: Offers customizable policy limits up to $250,000 for high-value renters with expensive electronics, art, or jewelry. Check out insurance savings in our complete Farmers insurance review.
• Optional Earthquake Insurance in Oregon: One of the few insurers in Oregon offering earthquake coverage as an add-on, protecting against structural damage from seismic activity.

Cons

• Higher Oregon Rates: Starts at $23 per month, making it 13% more expensive than Nationwide ($22) and 130% higher than USAA ($10) despite similar liability and personal property coverage.
• Strict Underwriting in Oregon: Requires detailed proof of rental conditions, such as photos of valuables, security system documentation, and structural integrity assessments, before issuing coverage.

#9 – Liberty Mutual: Best for Early Shoppers

Pros

• Oregon Early Quote Discount: Renters who purchase a policy 10+ days before their lease starts receive a 10% premium reduction through Liberty Mutual’s Advance Purchase Discount.
• Affordable Liability Protection in Oregon: Provides $300,000-$500,000 in liability coverage for legal expenses, medical bills, and property damage caused by renters or their pets.
• Flexible Oregon Personal Property Coverage: Offers scheduled personal property coverage, allowing renters to insure high-value items separately with no depreciation deduction.

Cons

• Above-Average Oregon Costs: Starting at $24 per month, it is one of the most expensive insurers on the list, costing 140% more than USAA despite similar coverage tiers.
• Oregon Deductible Restrictions: Limited deductible options between $500 and $1,000, whereas Progressive allows renters to choose from $250 to $1,500 for more flexibility. See more details on our Liberty Mutual renters review.

#10 – Allstate: Best for Easy Pay Options

Pros

• Oregon Easy Payment Plans: Offers flexible billing options with monthly, quarterly, and annual payment schedules, plus discounts for full-term prepayments.
• Optional Flood Coverage in Oregon: Covers water damage from natural flooding and backed-up sewer lines, a rare add-on that most competitors don’t include in standard policies.
• Local Oregon Agents: For renters who would rather have hands-on insurance experience, Allstate offers in-person advice from more than 100 licensed agents in Oregon.

Cons

• Most Expensive Oregon Rates: Starts at $25 per month, making it the priciest option on the list, with no exclusive discounts for Oregon renters to offset the cost.
• Oregon Discount Limitations: No claim-free discounts and no multi-policy savings exceeding 10%, compared to State Farm’s 17% bundle discount and Geico’s 15% claim-free savings. Learn more in our Allstate insurance review.

Monthly Insurance Rates and Coverage Comparisons

Finding the right renters insurance isn’t just about price—it’s about getting the best coverage for your belongings while ensuring your provider is financially stable. Choosing a company with a strong A.M. Best rating ensures you can trust them to pay out claims when needed while still securing cheap renters insurance in Oregon.

Insurance Company	Monthly Rates
	$25
	$20
	$23
	$15
	$24
	$22
	$15
	$11
	$18
	$10

Renters seeking the lowest premium will find USAA at $10 per month, offering replacement cost coverage, no deductible for military uniforms, and an A++ rating from A.M. Best for superior financial stability. State Farm renters insurance follows at $11 per month, providing a 17% bundling discount with auto insurance and identity theft protection add-ons. Both Progressive and Geico renters insurance, $15 per month, include customizable personal property limits but lack replacement cost coverage.

Travelers, $18 per month, offers a 10% discount for renters with security systems like SimpliSafe or ADT, while Nationwide, $22 per month, provides up to $500,000 in liability coverage—one of the highest available. On the pricier end, Farmers, $23 per month, offers earthquake insurance coverage; Liberty Mutual, $24 per month, rewards early shoppers with a 10% discount; and Allstate renters insurance, $25 per month, includes optional flood insurance, making it the most expensive option.

Best Renters Insurance Discounts in Oregon

Finding the best renters insurance in Oregon isn’t just about picking the lowest rate—it’s about stacking discounts to cut costs even more. Insurers offer savings for bundling renters and auto insurance, staying claim-free, using security systems, sticking with the same provider, and setting up auto-pay.

Insurance Company	Bundling	Claims-Free	Security Systems	Loyalty	AutoPay
	25%	15%	10%	10%	5%
	25%	20%	15%	10%	5%
	20%	15%	10%	8%	5%
	25%	20%	15%	10%	5%
	25%	15%	10%	10%	5%
	20%	25%	15%	10%	5%
	10%	20%	10%	10%	5%
	17%	15%	10%	8%	5%
	13%	10%	8%	5%	5%
	10%	30%	10%	10%	5%

Allstate, American Family, Geico, and Liberty Mutual offer 25% bundling discounts, while Nationwide leads in claims-free savings at 25%. USAA offers the highest claim-free discount at 30% for military members, making it ideal for long-term renters.

Security system discounts go up to 15% with American Family, Geico, and Nationwide, rewarding renters with Ring or ADT systems. Most loyalty discounts cap at 10%, with State Farm and Farmers slightly lower at 8%. Auto-pay savings are consistent at 5% across all providers.

Comprehensive Renters Insurance Coverage in Oregon

Renters insurance isn’t just about affordability—it’s about ensuring you have the right protection when you need it most. While all providers cover personal property, temporary housing, and medical expenses for guests, differences in replacement cost coverage and identity theft protection can impact financial security.

Insurance Company	Personal Property	Additional Living Expenses	Medical Payments to Others	Replacement Cost	Identity Theft
	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅
	✅	✅	✅	❌	❌
	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅
	✅	✅	✅	✅	❌
	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅

Some insurers, like Allstate, American Family, Farmers, Liberty Mutual, Nationwide, State Farm, Travelers, and USAA, offer full protection across all five key coverage areas, making them the most comprehensive choices. However, Geico and Progressive lack identity theft protection, leaving renters without fraud recovery support.

Geico also does not offer replacement cost coverage, so lost or stolen things are compensated at a depreciated value rather than the full replacement cost. Nationwide and USAA stand out for their top-tier coverage, which provides strong protection for belongings and identity security. Renters should compare A.M. Best ratings, policy add-ons, and available discounts to secure the best and cheapest renters insurance in Oregon with the most well-rounded coverage.

Learn more: Does renters insurance cover storage units?

Ensuring Financial Protection with Affordable Renters Insurance

Portland’s competitive rental market has a big impact on renters insurance costs. Areas with higher rent and more people tend to have slightly higher premiums because there’s a greater risk of theft, vandalism, or fire. On the other hand, more affordable neighborhoods usually see lower insurance rates. Plus, if you’re renting a bigger apartment with more stuff, you might need higher coverage limits, which can bump up your policy price.

It’s also good to know the difference between homeowners insurance vs. renters insurance. Homeowners insurance covers the house itself and personal property, while renters insurance only protects your belongings and liability as a tenant. Since rent prices change from one neighborhood to another, having affordable renters insurance makes sure you’re covered no matter where you live.

Simple Ways to Lower Your Oregon Renters Insurance Premium

Renters insurance is already one of the least expensive types of coverage, but that doesn't mean you should pay more than required. If you want to reduce your monthly premium while keeping solid protection, there are several easy ways to save. The key is to balance affordable rates with the right amount of coverage, ensuring you're protected without overpaying.

Once you determine your coverage needs—higher liability limits or full replacement cost for personal belongings—you can apply savings strategies. Here are the top five ways to cut down your renters insurance costs in Oregon:

• Install Safety Features: Adding burglar alarms, smoke detectors, and deadbolt locks reduces your risk of loss, leading to lower premiums from many insurers.
• Raise Your Deductible: Choosing a higher deductible means paying more out of pocket for claims but enjoying a lower monthly premium in return.
• Ask for Discounts: Many insurers offer savings for being claims-free, setting up auto-pay, or even being a loyal customer, so always ask what's available.
• Bundle Your Policies: Combining renters insurance with auto, life, or another policy can unlock big discounts—sometimes up to 25%.
• Pay in Full: Paying your premium annually instead of monthly can often qualify you for a discount, saving you money over time.

By asking the right questions about apartments before you rent and using these cost-cutting strategies, Oregon renters can stay protected while keeping expenses low.

Understanding Clearsurance's Data-Driven Insurance Rankings

When evaluating renters insurance companies, Clearsurance maintains an open and simple process. It is simple to determine which businesses truly provide because the ratings are derived directly from genuine customer feedback rather than complex formulae. Below are the key factors in Clearsurance's ranking system:

• Price: Evaluate affordability and value for coverage.
• Customer Service: Measures overall satisfaction with support and responsiveness.
• Renters Insurance Claims Service: Assesses how efficiently claims are processed and resolved.
• Likelihood to Renew: Tracks how many customers stay with the company over time.

The ranking algorithm also considers the balance of positive and negative feedback, highlighting what insurers do well versus areas they need to improve. Since Clearsurance's ratings are 100% based on customer reviews, renters can trust them to find the best insurance options in Oregon.

If you're wondering what real people think about renters insurance, Reddit is a great place to find honest opinions. In the post below, a Reddit user shares their experience with Progressive renters insurance, covering both the good and the not-so-good.

This Reddit review shows that Progressive is a solid option for renters looking for affordable rates and flexible coverage. The user did run into a few small hiccups with a claim, but they also pointed out that customer service was responsive and helped sort things out. Overall, it seems like a good choice for those wanting a budget-friendly policy with decent support.

See more: Buying Insurance Direct vs. Through an Agent

Oregon Property Crime Rates and Renters Insurance Protection

Oregon has higher-than-average property crime and larceny-theft rates, making Oregon renters insurance a smart investment for tenants. According to the FBI’s crime stats, 235,033 property crimes were reported in a year, with a rate of 1,856 per 100,000 residents.

Crime Type	Number of Offenses	Rate per 100,000 Residents
Property Crimes	235,033	1,856
Larceny-Theft	181,225	1,430
Burglary	34,789	275
Motor Vehicle Theft	19,019	150

Larceny-theft was the biggest issue, with 181,225 cases and a rate of 1,430 per 100,000 people. Burglaries (34,789 cases at a rate of 275 per 100,000) and motor vehicle thefts (19,019 cases at 150 per 100,000) were also reported, though burglary rates were lower than the national average.

Even with lower burglary numbers, property crime and theft are real concerns for renters in Oregon. A standard renters insurance policy helps cover theft, vandalism, and other unexpected losses, so you’re not overpaying out of pocket. Some policies include identity theft insurance, financial protection against fraud, stolen personal information, and unauthorized transactions. For extra security, some insurers offer burglar alarm protection, which might even score you a discount on your premium while giving you peace of mind.

Essential Renters Insurance Add-Ons for Maximum Protection

Many people think renters insurance only covers personal belongings, but that's not the whole story. Before picking a policy from one of Oregon's best renters insurance companies, it's important to know what's covered. Most renter's insurance policies fall under an HO-4 insurance policy, which is designed specifically for tenants and covers personal belongings, liability, and additional living expenses if your rental becomes unlivable.

Most policies also cover liability, meaning that if someone is wounded while staying at your rental property, your insurance will help pay their medical bills and legal fees. Plus, if your apartment becomes unlivable due to a covered incident, some policies will pay for your temporary housing while things get fixed.

Before signing up, research the company, understand what's covered, and know your policy limits. Ask about extra coverage options like identity theft protection, higher personal property limits, or extra liability coverage to ensure you're fully protected.

While saving money on renters insurance is great, don't cut corners on coverage just to lower your premium. You may compare policies and discover the greatest rate without compromising protection by speaking with a local insurance agent. Enter your ZIP code to instantly compare renters insurance quotes and find the best deal.