The Best Home Insurance Companies in Oregon in 2026
Amica and Chubb are some of the top home insurance companies in Oregon.
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Writer: Melanie LockertInsurance Writer
Writer: Melanie LockertInsurance Writer
Melanie Lockert is a personal finance and insurance writer who has been writing for Compare.com since 2023. Her work has also appeared on Allure, Business Insider, Credit Karma, Fortune, and more. She’s also the founder of the blog and author of the book, “Dear Debt” in which she chronicled her journey out of $81,000 of student loan debt.
Melanie is also the co-founder of the Lola Retreat and host of the Mental Health and Wealth show podcast.
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Editor: Nick VersawSenior Managing Editor
Editor: Nick VersawSenior Managing Editor
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10+ years writing and editing insurance content
Published in Washington Post, LA Times, and more
Nick leads Compare.com's editorial team in creating helpful, easy-to-understand content about insurance and personal finance.
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Reviewer: MacK KorrisLicensed P&C Insurance Agent and Expert Fact-Checker
Reviewer: MacK KorrisLicensed P&C Insurance Agent and Expert Fact-Checker
Qualifications:
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10+ years editing experience
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A licensed P&C agent in Missouri, MacK leverages his insurance expertise to fact-check and review Compare.com content.
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The average cost of homeowners insurance in Oregon is $110 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 $46 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.
Key Takeaways
State Farm offers competitive rates for homeowners insurance in Oregon.
Wildfires, older homes, and property crime are driving up home insurance costs.
Oregonians may be at risk for earthquakes and floods, which standard homeowners insurance doesn’t cover.
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 .
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
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
| 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 |
|---|---|
| JD Power JD 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. | $113/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. | $150/mo |
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
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
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: Wednesday, October 21 at 7:33 AM PDT.
Company | Average Yearly Premium |
|---|---|
| Oregon Mutual | $552 |
| Mutual Of Enumclaw | $876 |
| Grange | $936 |
| Travelers | $984 |
| Capital Insurance Group | $1,044 |
| USAA | $1,152 |
| Unitrin | $1,164 |
| American Family | $1,248 |
| Allstate | $1,284 |
| Nationwide | $1,296 |
| State Farm | $1,356 |
| Farmers | $1,572 |
| Allied | $1,584 |
| Encompass | $1,608 |
| Foremost | $1,716 |
| Country Financial | $2,064 |
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 Wednesday, October 21 at 7:33 AM 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.
The below rates in Oregon are estimated rates current as of: Wednesday, October 21 at 7:33 AM PDT.
Company | Average Yearly Premium |
|---|---|
| Oregon Mutual | $444 |
| Grange | $648 |
| Travelers | $684 |
| Mutual Of Enumclaw | $696 |
| Capital Insurance Group | $840 |
| USAA | $900 |
| Unitrin | $912 |
| Nationwide | $924 |
| American Family | $948 |
| Allstate | $984 |
| Foremost | $1,068 |
| State Farm | $1,068 |
| Farmers | $1,104 |
| Allied | $1,200 |
| Encompass | $1,260 |
| Country Financial | $1,500 |
The below rates in Oregon are estimated rates current as of: Wednesday, October 21 at 7:33 AM PDT.
Company | Average Yearly Premium |
|---|---|
| Oregon Mutual | $552 |
| Mutual Of Enumclaw | $876 |
| Grange | $936 |
| Travelers | $984 |
| Capital Insurance Group | $1,044 |
| USAA | $1,152 |
| Unitrin | $1,164 |
| American Family | $1,248 |
| Allstate | $1,284 |
| Nationwide | $1,296 |
| State Farm | $1,356 |
| Farmers | $1,572 |
| Allied | $1,584 |
| Encompass | $1,608 |
| Foremost | $1,716 |
| Country Financial | $2,064 |
The below rates in Oregon are estimated rates current as of: Wednesday, October 21 at 7:33 AM PDT.
Company | Average Yearly Premium |
|---|---|
| Oregon Mutual | $744 |
| Mutual Of Enumclaw | $1,056 |
| Grange | $1,248 |
| Capital Insurance Group | $1,272 |
| Travelers | $1,308 |
| USAA | $1,380 |
| Unitrin | $1,440 |
| American Family | $1,524 |
| State Farm | $1,584 |
| Allstate | $1,620 |
| Nationwide | $1,656 |
| Allied | $2,028 |
| Encompass | $2,076 |
| Farmers | $2,076 |
| Country Financial | $2,628 |
| Foremost | $2,628 |
The below rates in Oregon are estimated rates current as of: Wednesday, October 21 at 7:33 AM PDT.
Company | Average Yearly Premium |
|---|---|
| Oregon Mutual | $936 |
| Mutual Of Enumclaw | $1,224 |
| Capital Insurance Group | $1,488 |
| Grange | $1,560 |
| USAA | $1,584 |
| Travelers | $1,716 |
| Unitrin | $1,716 |
| American Family | $1,788 |
| State Farm | $1,800 |
| Allstate | $1,956 |
| Nationwide | $2,088 |
| Encompass | $2,532 |
| Allied | $2,592 |
| Farmers | $2,688 |
| Foremost | $2,880 |
| Country Financial | $3,192 |
The below rates in Oregon are estimated rates current as of: Wednesday, October 21 at 7:33 AM PDT.
Company | Average Yearly Premium |
|---|---|
| Oregon Mutual | $1,464 |
| Mutual Of Enumclaw | $1,608 |
| Capital Insurance Group | $1,992 |
| USAA | $2,100 |
| State Farm | $2,304 |
| Grange | $2,340 |
| Allstate | $2,352 |
| American Family | $2,388 |
| Unitrin | $2,520 |
| Travelers | $2,556 |
| Nationwide | $3,096 |
| Encompass | $3,636 |
| Farmers | $4,044 |
| Country Financial | $4,488 |
| Allied | $4,752 |
| Foremost | $6,024 |
Average home insurance rates by Oregon city
Home insurance rates vary by city, as each city has its own distinct risk factors. These can include crime rates, proximity to emergency services, extreme weather events, and the cost of labor and materials.
In the table below, you can see how average premiums vary across some of the largest cities in Oregon, according to Compare.com data.
City | Average Yearly Premium |
|---|---|
| Eugene | $101 |
| Portland | $96 |
| Salem | $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 .
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
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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
For more information on Oregon homeowners insurance, check out the additional information below.
How much is home insurance in Oregon?
The average cost of homeowners insurance in Oregon is $110 per month for a $300,000 dwelling coverage policy, according to Compare.com data. Insurance premiums vary and depend on your policy limits, claims history, location, type of coverage, and home.
What’s the best home insurance company in Oregon?
There isn’t just one best home insurance company in Oregon, as it largely depends on your needs and coverage options available. Some homeowners insurance companies to check out in Oregon include Amica, Chubb, and State Farm.
Which company has the cheapest homeowners insurance in Oregon?
The insurance company with the cheapest homeowners insurance in Oregon is Oregon Mutual, with an average rate of $46 per month, according to Compare.com data.
Is homeowners insurance required in Oregon?
No. Oregon law doesn’t require you to have homeowners insurance. But mortgage lenders typically require it as part of the financing agreement.
What does homeowners insurance cover in Oregon?
A standard homeowners policy in Oregon typically covers damage to the structure of your home, loss of personal belongings, liability coverage, and additional living expenses.
How do insurance companies decide what premium to charge?
The cost of your home insurance policy depends on multiple factors, including your home’s age and location, your deductible, the replacement cost, and proximity to fire protection services.
Sources
- Oregon Division of Financial Regulation. "Wildfires."
- Oregon State Legislature. "Reported Crime Rates Current Data and Trends."
- Oregon Divison of Financial Regulation. "Help with home insurance."
- Oregon Department of Emergency Management. "Cascadia Subduction Zone."
- Oregon Division of Financial Regulation. "Flood insurance."
Methodology
Compare.com data scientists analyzed rates from more than 180 home insurance companies sourced directly from Compare.com’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Compare.com’s proprietary database. Rates are updated monthly.
Writer: Melanie LockertInsurance Writer
Writer: Melanie LockertInsurance Writer
Melanie Lockert is a personal finance and insurance writer who has been writing for Compare.com since 2023. Her work has also appeared on Allure, Business Insider, Credit Karma, Fortune, and more. She’s also the founder of the blog and author of the book, “Dear Debt” in which she chronicled her journey out of $81,000 of student loan debt.
Melanie is also the co-founder of the Lola Retreat and host of the Mental Health and Wealth show podcast.
Editor: Nick VersawSenior Managing Editor
Editor: Nick VersawSenior Managing Editor
Qualifications:
10+ years writing and editing insurance content
Published in Washington Post, LA Times, and more
Nick leads Compare.com's editorial team in creating helpful, easy-to-understand content about insurance and personal finance.
Reviewer: MacK KorrisLicensed P&C Insurance Agent and Expert Fact-Checker
Reviewer: MacK KorrisLicensed P&C Insurance Agent and Expert Fact-Checker
Qualifications:
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 21630969
A licensed P&C agent in Missouri, MacK leverages his insurance expertise to fact-check and review Compare.com content.