The Best Home Insurance Companies in Oregon in 2026

The average cost of homeowners insurance in Oregon is $112 per month for a policy with $300,000 in dwelling coverage, according to Compare.com data.

As in many other areas of the country, home insurance premiums are rising in Oregon, largely due to wildfire risk. But homeowners insurance rates depend on many different factors, such as your location, home type, claims history, and insurance company.

The cheapest home insurance company in Oregon is Oregon Mutual, with an average rate of $47 per month. This is lower than the national average of $234. Read on to learn more about the best and cheapest home insurance companies, as well as what to consider when choosing a policy.

Our Picks for Oregon’s Best Home Insurance Companies

We researched the best home insurance companies in Oregon and based our findings on coverage options, discounts, average costs, industry ratings, and customer reviews. Note that there isn’t only one best option.

Below, we cover the best homeowners insurance companies in Oregon tailored to specific coverage needs and home types.

Company	Compare.com Rating	Average Monthly Premium	Average Annual Premium
Amica	4.78	$132	$1,584
Chubb	4.19	$308	$3,696
State Farm	4.38	$235	$2,820
Allstate	4.18	$208	$2,496
American Family	4.45	$183	$2,196

We sourced this data by analyzing real quotes from Compare.com's 100-plus partner insurance companies alongside rate filings collected and distributed by Quadrant Information Services. Actual quotes may vary. Data updated on .

Best for new construction

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Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

Not rated

AM Best

AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

Not rated

Why we picked this company

If you’re looking to insure a newly constructed or remodeled home, Amica could be a good choice. The company provides a credit to customers with a new or remodeled home.

Additionally, the company ranks No. 1 in customer satisfaction in the J.D. Power U.S. Property Claims Satisfaction Study and for both the home insurance and renters insurance segments in the J.D. Power U.S. Home Insurance Study.

Pros

• New/remodeled home credit available

• High J.D. Power customer satisfaction rating

Cons

• May have higher premiums

• Potential non-renewal for wildfire risk

Best for older homes

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Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

Not rated

AM Best

AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A++

Why we picked this company

Chubb offers extended replacement cost coverage, which is ideal for homeowners in Oregon with older homes. The company will either repair or rebuild the home to its original condition, even if the total costs exceed your policy limit. Chubb also ranks in the top three for customer satisfaction in the J.D. Power U.S. Property Claims Satisfaction Study.

Pros

• Extended replacement cost coverage

• Ranks No. 3 in customer satisfaction

Cons

• Low Better Business Bureau (BBB) rating

• Customers cite a lack of communication

Best for competitive rates

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Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components.	4.1 /5
J.D. Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.	643
$300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$115/mo
$500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$153/mo

Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

1.22

AM Best

AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A++

Why we picked this company

State Farm offers competitive rates if you’re looking for affordable homeowners insurance in Oregon. Additionally, you can save even more with a substantial bundling discount when you get both home and auto insurance with the company.

While State Farm may have low rates, it has a low Trustpilot rating and below-average customer satisfaction in the J.D. Power U.S. Property Claims Satisfaction Study.

Pros

• Low average rates in Oregon

• Solid bundling discount

Cons

• Low Trustpilot rating

• Below-average J.D. Power customer satisfaction rating

Best for new homeowners

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Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

Not rated

AM Best

AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A-

Why we picked this company

Allstate is a solid choice for new homebuyers in Oregon who need homeowners insurance. The company offers a specific homebuyer discount tailored for recent homebuyers and those who purchase newly constructed homes.

Allstate also has a range of optional coverage, including water backup, electronic data recovery, business property, sports equipment, and more.

Pros

• Various home insurance discounts

• Robust optional coverages

Cons

• Lower-than-average J.D. Power customer satisfaction rating

• Very low Trustpilot rating

Best for bundling car insurance and home insurance

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Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

Not rated

AM Best

AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

Not rated

Why we picked this company

American Family is a great choice for homeowners looking to reduce costs through bundling multiple insurance coverages. The company offers a discount of up to 40% when bundling both car insurance and home insurance. You can also get equipment breakdown coverage as an add-on, which covers any of your appliances if they break down.

Pros

• Impressive bundling discount

• Equipment breakdown coverage

Cons

• Slightly below-average J.D. Power customer satisfaction rating

• Dog breed liability restrictions

The Cheapest Home Insurance Companies in Oregon

When researching options for homeowners insurance in Oregon, you’ll find that rates vary from company to company. To score the best deal, compare policies and get at least three to five home insurance quotes.

In the table below, you can see the cheapest home insurance companies in Oregon for homes with $300,000 in dwelling coverage, according to Compare.com data.

The below rates in Oregon are estimated rates current as of: Monday, August 31 at 5:00 PM PDT. 

Company	Average Yearly Premium
Oregon Mutual	$564
Mutual Of Enumclaw	$900
Grange	$960
Travelers	$1,008
Capital Insurance Group	$1,068
USAA	$1,176
Unitrin	$1,188
American Family	$1,272
Allstate	$1,308
Nationwide	$1,320
State Farm	$1,380
Farmers	$1,608
Allied	$1,620
Encompass	$1,644
Foremost	$1,752
Country Financial	$2,100

We sourced this data by analyzing real quotes from Compare.com's 100-plus partner insurance companies alongside rate filings collected and distributed by Quadrant Information Services. Actual quotes may vary. Data updated on Monday, August 31 at 5:00 PM PDT.

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Average Cost of Homeowners Insurance in Oregon

If you’re looking for homeowners insurance in Oregon, note that home insurance rates can vary widely based on your home’s value and the amount of dwelling coverage you get. A major component of home insurance is replacement cost coverage. So, if there’s a covered loss, your policy will kick in to help repair or rebuild your home’s structure.

Below, you can see the average yearly premium for various amounts of dwelling coverage, according to Compare.com data.

Common Home Insurance Risks in Oregon

Insurance companies review a wide range of risk factors to determine your home insurance premiums. Some common insurance risks in Oregon include the following:

Wildfires

Homeowners in Oregon have experienced sticker shock due to rising home insurance costs. One of the main culprits is the threat of wildfires, which has increased over the past few years, resulting in higher premiums.^[1]

Older homes

Portland is home to sought-after Craftsman homes that date back more than a century. While the charm is undeniable, older homes can also come with more risk. The foundation, roof, and electrical, heating, and plumbing systems can be costly to replace, leading to a surge in home insurance costs.

Property crime

Oregon has higher rates of property crime than the national average, according to data from the Oregon State Legislature.^[2] The crime rate in your community can significantly affect home insurance rates.

Oregon Division of Financial Regulation

The Oregon Division of Financial Regulation (DFR) is a government agency that supports and advocates for consumers and regulates insurance companies. Whether you have a question or a complaint, the agency is there to help.

You can review the Oregon Homeowners Bill of Rights and get more information on the agency’s website. If you have additional questions, you can call the DFR at 1 (888) 877-4894.

What Homeowners Insurance Covers in Oregon

Standard homeowners insurance in Oregon covers:^[3]

• Physical structure: If there’s a covered loss, homeowners insurance can cover the costs to either repair or rebuild the home. Some covered perils include wildfires, theft, lightning, or hail. So whether you live in the city of Portland or a smaller city like Klamath Falls, you have protection for the physical structure of your home.

• Personal property: Your homeowners policy will also cover personal belongings in your home if someone steals them or a covered loss damages them.

• Liability: If you cause property damage or bodily injury to another party, liability insurance helps protect you and covers potential lawsuits. This coverage can also help if someone hurts themselves in your home and may cover some medical payments.

• Loss of use: If you’re unable to live in your home because of a covered loss, loss of use coverage provides you with additional living expenses so you can pay for accommodations.

What home insurance doesn’t cover

When searching for homeowners insurance in Oregon, it’s key to understand limitations and exclusions. In general, home insurance doesn’t cover:

• Wear and tear: Over time, things in your home break down and need repairing. Homeowners insurance doesn’t cover wear and tear.

• Earthquakes: The Cascadia subduction zone is a fault line that could trigger the next “Big One” in Oregon, potentially producing a 9.0+ magnitude earthquake.^[4] Unfortunately, standard homeowners insurance in Oregon doesn’t cover earthquakes. For maximum protection, you can also get an earthquake insurance policy.

• Floods: Homeowners insurance also doesn’t cover flooding. Certain areas of Oregon are at risk, and, in the past, historic floods destroyed the city of Vanport. If you’re in a high-risk area, you can get a separate flood insurance policy.

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Do You Need Flood Insurance in Oregon?

Homeowners with a government-backed mortgage who live in a Special Flood Hazard Area (SFHA) may need flood insurance in Oregon. Some mortgage lenders may also require flood insurance. While homeowners insurance covers some events, it doesn’t cover floods.^[5]

Flood insurance is available through the National Flood Insurance Program (NFIP) or through a private flood insurance policy. Getting coverage through a private insurance company may offer higher coverage limits and more options. Certain parts of Oregon can be particularly at risk for flooding.

Factors That Affect Home Insurance Costs in Oregon

Home insurance premiums will vary from person to person based on several factors. It’s not only the home’s value that affects rates. Additional factors that can affect homeowners insurance costs in Oregon include:

• Home features: Homeowners insurance will cover damage to your home, so insurance companies look at the age of the home, building materials, and roof and electrical systems.

• Location: Insurance companies review the home’s location, including its proximity to fire and emergency services, the likelihood of natural disasters, and crime rates.

• Coverage options: The way you structure your homeowners insurance policy affects your rates. This can include the amount of dwelling coverage, the deductible, and any endorsements you might add to the standard policy, such as water backup.

• Personal background: Both claim history and credit score can also affect how much you pay for homeowners insurance. Homeowners in Oregon with a low credit score can end up paying much higher premiums than homeowners with good credit.

Oregon Home Insurance FAQs