Best and Cheapest Homeowners Insurance in Oregon for 2024

Best Homeowners Insurance in Oregon

Unfortunately, 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 Oregon homeowners insurance companies, 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 reviews and rankings for hundreds of homeowners insurance companies so you can evaluate and compare the best Oregon home insurance companies. In the table above, you can sort through every homeowners insurance company ranked on Clearsurance that sells in Oregon. Next to each insurer you’ll find the company’s rating, which is based exclusively on the reviews and ratings provided by customers. Note: Only those companies with at least 25 homeowners insurance reviews are eligible to appear in the rankings of the best Oregon homeowners insurance companies.

If you’re looking for additional information on one of the best homeowners insurance companies in Oregon, you can visit the company’s profile page where you’ll learn about the company, additional coverages and potential discounts offered. You can also read reviews to see what other policyholders have to say about the home insurance company.

On this page:

• Cheapest homeowners insurance rates in Oregon for a $200K dwelling
• Cheapest homeowners insurance rates in Oregon for a $400K dwelling
• Oregon crime statistics
• Oregon disaster statistics

Who offers the best homeowners insurance rates in Oregon for a $200K home?

When looking at the five largest Oregon companies, Safeco is the cheapest homeowners insurance option for a $200K Oregon home, on average.

The table below gives you a look at average homeowners insurance rates for a $200K home from the top five most popular companies in Oregon.

These rates are based on a $200,000 dwelling with the following coverage limits: $100,000 personal property, $20,000 loss of use, $20,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Oregon will differ. Rate data is provided by Quadrant Information Services.

Who offers the best homeowners insurance rates in Oregon for a $400K home?

Among the most popular Oregon companies, Safeco provides the cheapest homeowners insurance for a $400K Oregon home, on average.

In the table below, you can check out average homeowners insurance rates for a $400k home in Oregon. Average premiums are listed for the five largest companies in Oregon by market share.

These rates are based on a $400,000 dwelling with the following coverage limits: $200,000 personal property, $40,000 loss of use, $40,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Oregon will differ. Rate data is provided by Quadrant Information Services.

What do Oregon property crime statistics indicate?

Theft and vandalism or malicious mischief are among the 16 perils a standard homeowners insurance policy protects you from. So, how does crime in Oregon compare to other states around the country? The FBI published the following statistics on crime in Oregon for 2016:

• Property crime - 121,345
• Burglary - 16,866
• Larceny theft - 91,286

When compared to the national average rate per 100,000 inhabitants, property crime and larceny theft in Oregon rank above the national average but burglary ranks below.

What do Oregon disaster statistics indicate?

Weather-related incidents are typically among the costliest homeowners insurance claims. FEMA has published statistics for each state since 1953. Data is updated through August 2018. Here’s a look at the Oregon federally declared disasters since 1953:

• Fire - 44
• Severe storm - 15
• Flood - 14
• Earthquake - 2
• Coastal storm - 1
• Tsunami - 1

How are homeowners insurance rates calculated in Oregon?

Ever wonder why you pay what you do for home insurance? Some things may be obvious, like the age of your home. But other factors that contribute to the price of homeowners insurance may not be as obvious. Here’s a list of some of the things homeowners insurance companies consider when quoting you a rate:

• The level of coverage required
• The size of your mortgage
• Your credit score
• The square footage of your home
• The geographic location of your home in Oregon
• The condition of your home
• The age of your home
• The proximity of your home to a fire station
• Your previous claims record
• The amount of your deductible
• Optional add-ons like umbrella insurance

Zillow estimates that homeowners can expect to pay approximately $35 each month for every $100,000 of your home's value.

The average cost of homeowners insurance in Oregon is far below the national average annual rate for home insurance. Compared to the neighbouring states, the average premium for a standard homeowners policy in Oregon is low, due to the state's relatively threat of weather damage and natural disasters. Even though some parts in Oregon may be at risk of fire and earthquake, the likelihood of threat is pretty low. However, homeowners may want to buy a homeowners policy that will protect them and their property from potential hazards. Though not very common, some of the causes of loss in Oregon include: earthquake damage, landslides and mudslides, and fire.

Most homeowners policies in Oregon come with standard coverage (dwelling coverage, liability coverage, personal property coverage, medical payments coverage, additional living expenses and loss of use coverage). In addition, homeowners may choose to buy optional coverage for extra protection. Additional coverage options include: flood insurance, earthquake insurance, identity theft coverage, and debris removal coverage.

Talking to an insurance agent might help you decide what optional coverage you need to add to tailor your policy to your unique situation.

How does Clearsurance rate and rank the best homeowners insurance companies in Oregon

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

• Price
• Customer Service
• Claim service
• Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

Homeowners Insurance Guide

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. But beyond just picking a company, it’s crucial to have the right coverage and to understand that coverage. Did you know that a standard homeowners insurance policy has six types of coverage? And did you know that there are usually 16 types of perils found in a homeowners insurance policy?

At Clearsurance, we want to make sure you have a strong understanding of your homeowners insurance coverage and what it all means. Check out our homeowners insurance guide to become a smarter insurance customer. And for more educational content on other homeowners insurance topics, check out our homeowners insurance blog!