Portland, OR Homeowners Insurance

(Connect with a local independent agent today)

Written by Candace Jenkins
Written by Candace Jenkins

Candace Jenkins is a licensed insurance advisor with over a decade of experience. She is also a writer and loves to write on all things insurance. Candace writes for TrustedChoice.com on a continuous basis and is here with the facts about all your insurance inquiries.

Portland Oregon homeowners Insurance

Portland, OR, is best known for it's natural and hipster culture. With its strong roots as a shipping port, this town has a fitting name. 

When you own a home in Portland, you'll want coverage for all the what-ifs. An independent insurance agent can help find the policy you need for a reasonable price. Get matched with a local independent agent today.

What Does Home Insurance Cost in Portland, OR?

Most insureds have a hard time comparing coverage and pricing with another person and for a good reason. Each policy is specific to you and your home. You have unique personal data, unlike anyone else that the carriers use to rate your policy. Let's look at the average homeowners premium:

  • National average: $1,211
  • Oregon average: $677

The averages are a general idea of where your premiums could fall. Your costs could be higher or lower, depending on your criteria. The leading price factors used by the carriers are below:

  • Your address
  • Your credit score
  • Your insurance score
  • The square footage of your home
  • Your claims history
  • The value of your home

If you're looking for exact pricing on homeowners insurance, contact a local independent agent for quotes.

What about Property Crime in Portland, OR?

Property crime or burglary is a problem in every city. Usually, the more people, the more crime that occurs. In Portland, the population is 647,805, making this city quite large. Check out the burglaries per 100,000 households below:

  • National average: 376
  • Oregon average: 389.1
  • Portland average: 676.1

Portland is higher than the state and national averages when it comes to burglary. That may mean your home insurance premiums are more expensive, or it could not. Since local crime is just one piece of criteria the carriers use, it's not the only thing that can impact your rates. Connect with your local agent to see how your homeowners insurance compares.


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Natural Disasters in Portland, OR, and Your Home Insurance

Catastrophic events and natural disasters play a role in your insurance pricing. Your home policy should supply adequate coverage for any major events that could take place. Let's look at the most common occurrences in Oregon:

#1  Wildfires and residential fires 

#2  Flooding and water damage

#3  Severe storms and lightning

#4  Earthquakes and tremors

#5  Burglary and other property crime

When a total loss occurs, your home insurance should be the first response. It's essential to go over all the what-ifs with your local agent. 

Flood insurance explained:

A flood insurance policy is needed anywhere you live but especially in Oregon. Flooding is the number two offense in the state, and you'll want to be prepared. 

An independent agent can help find your flood zone and quote with FEMA-approved carriers. Discuss how you can obtain flood insurance with your local agent to have sufficient coverage.

 Liability Insurance and Your Portland, OR, Home

Liability insurance is the primary coverage of every homeowners policy. It will protect a variety of losses that could occur to you or a member of your household.

Liability coverage explained:

Personal liability coverage will protect your finances from a lawsuit resulting from:

  • A pet bite claim
  • Bodily injury to another party
  • Damage to another party's property
  • Slander or bullying caused by a household member 

Examples of common liability claims:

  • Your tree falls on your neighbor's car, causing damage to their property. 
  • A neighbor runs across your yard and falls in a hole, getting injured.
  • Your cat claws a friend's toddler that comes for a visit, causing injury.
  • Your child's post on social media is construed as defamatory, creating a lawsuit against you.

An umbrella policy is another form of liability coverage. Umbrella insurance will provide additional liability limits above and beyond your underlying home and auto policies. This is used when a more significant claim occurs.

If you're not clear on whether you have enough liability insurance, connect with an independent agent.

Match with a Local Independent Agent in Portland, OR

Your largest investment shouldn't be insured through a person you've never met. When you want the right coverage, an independent insurance agent can help. 

They work with several carriers, giving you options on coverage and pricing. Connect with a local agent on TrustedChoice.com to get started. 

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