Popular Questions about Homeowners Insurance in Oregon

In Oregon, your homeowners insurance costs will be individualized and specific to your property. Oregon's average home insurance premium runs $677 annually, cutting the national average of $1,211 almost in half. For exact figures, you'll need to obtain quotes on your risk exposures.  

Each state has its own set of rules when it comes to insurance. In Oregon, you won't be mandated to carry homeowners coverage by law. However, a mortgage lender, lienholder, or financial interest will require proof of insurance in order to write a loan. With 1.75 federally declared disasters occurring each year in Oregon, protection can save you from financial devastation.  

The right home insurance is essential to be properly covered. In Oregon, there are several options, but a few stand out from the rest. Foremost, Nationwide, Progressive, and Safeco insurance companies are both competitive and highly rated in Oregon. Find out your options with the help of a trusted adviser for free.

Your Oregon home insurance is calculated using a variety of risk factors and personal data. Take a look at what carriers use to rate your homeowners coverage:

  • Home replacement cost
  • Prior losses
  • Local disasters
  • Local crime rate
  • Limits selected

Yes, Oregon has 226 independent insurance agencies in operation. Any one of them can help find a policy through their network of carriers, saving you time and money.  

Oregon is high on the list for fire disasters. This state comes in at 799 reported fire losses per year, making home insurance an absolute necessity. Other common disasters in Oregon are flooding, severe storms, earthquakes, and burglary.     

Do You Know What Your Oregon Home Insurance Covers?

Find the Best Homeowners Insurance in Your City

How does your city measure up to the national average?

National average burglary rate 3.76 per 1,000 people

National average home value $269,000

National average home insurance cost $1,211 year

CityAvg. home valueBurglaries / 1,000 homesAnnual insurance cost
Grants Pass$315,0003.78$666
Lake Oswego$793,7912.91$1,568
  1. $104
  2. Portland, OR Monthly average home insurance cost
  3. The average monthly cost of home insurance in Portland is $104.
  4. Of course, what you may actually be expected to pay can differ significantly from this average price. This is because costs are based on the value of your property and the specific risks associated with it. Some of the many factors that can influence your premium amount include the age and size of your house, the crime rate and weather risks in your ZIP code, the age of your roof, and your claims history. 
  5. With more than 4,000 burglaries reported every year, Portland has one of the highest property crime rates in the state. It is therefore important that you take precautions like using deadbolt locks and home security systems to help protect your property. Of course, nothing is 100% foolproof against a determined criminal, so it’s a good thing that your homeowners insurance can compensate you for your losses if a burglar targets your home.

  1. $59
  2. Salem, OR Monthly average home insurance cost
  3. The average monthly cost of home insurance in Salem is $59.
  4. Home insurance rates can vary from one homeowner to the next. This is especially true in a large city like Salem with its many different neighborhoods and varying property values. Your rate will be based on factors like the size, cost, and location of your home, the age of your roof, the materials used in your home’s construction, and sometimes even your credit score.
  5. Some of the most expensive hazards faced by homeowners in Salem are floods, landslides, and mudslides. Unfortunately, none of these risks is covered by a standard homeowners insurance policy. To be fully covered, you will need to supplement your coverage with a flood insurance policy through the NFIP and either a landslide endorsement or a separate policy through another provider.

  1. $67
  2. Eugene, OR Monthly average home insurance cost
  3. The average monthly cost of home insurance in Eugene is $67.
  4. Your homeowners insurance is completely customized to the value of your home and property as well as other considerations like weather risks and crime rates in your neighborhood. You can therefore expect that your monthly premium may be greater or lower than this average.
  5. The risk of earthquakes in Eugene is 383% greater than the national average. In 1991, a magnitude 6.9 quake occurred just 185 miles from the Eugene city center, and in 1992, a magnitude 7.2 occurred 261 miles away. This second quake was responsible for about $75 million in damage. As a resident of Eugene, it is important to be aware that homeowners insurance does not cover earthquake damage. For that, you will need a separate earthquake insurance policy.

  1. $70
  2. Gresham, OR Monthly average home insurance cost
  3. The average monthly cost of home insurance in Gresham is $70.
  4. Your house is not the same as your neighbor’s. While everyone in your neighborhood may have the same crime and weather risks influencing their rates, your homeowners insurance costs are also based on factors like the size, age, and value of your home, the age of your roof, your claims history, and potentially even your credit score. Your monthly rate for Gresham homeowners insurance may therefore be higher or lower than this average.
  5. One of the biggest risks faced by Gresham homeowners is winter storms. One of the worst on record occurred in January 1943 when a storm dumped a whopping 19.2 inches of snow in the area. Heavy snowfalls like this can lead to extended power outages, destroy roofs, and cause ice dams, which can lead to expensive damage to shingles, eaves, soffits, fascia, and gutters. Fortunately, if this happens to you, you can turn to your home insurance provider for help covering the costs.

  1. $77
  2. Hillsboro, OR Monthly average home insurance cost
  3. The average monthly cost of home insurance in Hillsboro is $77.
  4. Not all Hillsboro homeowners will pay the same for home insurance. Your monthly rate is based on several considerations such as the crime rate in your ZIP code, the size of your home, the building materials used in your home’s construction, your claims history, the amount of your deductible, and more.
  5. Residential fires pose one of the most devastating risks to homeowners. In addition to severely damaging your house, a fire can lead to a complete loss of your personal belongings including your clothes, furniture, electronics, and jewelry. That is why it is important for your structural coverage to be high enough to enable you to rebuild your home and that you have sufficient contents coverage to let you replace your lost or damaged property without enduring a large financial loss.