Home Insurance in Oregon: 2026 Rates & Guide

Oregon is one of the cheapest states for home insurance. The average homeowner pays $80/month ($960/year). Here's how to find the best rate for your home.

Avg Monthly

$80

Avg Annual

$960

Cost Rank

#49

1=priciest

Cheapest/mo

$64

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Cheapest Home Insurance Companies in Oregon (2026)

Rates below are estimates for a $300,000 home with $100,000 personal property coverage and a $1,000 deductible.

Top home insurers in Oregon — sorted by average monthly rate

#CompanyEst. MonthlyRating
1
★ BestState Farm
$64/mo4.4Get Quote
2
Farmers
$72/mo4.1Get Quote
3
Allstate
$78/mo4Get Quote
4
Liberty Mutual
$80/mo3.9Get Quote

Rates are estimates for a 35-year-old with good credit and a clean record. Your rate will vary.

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Natural Disaster Risk in Oregon

Risk Level: Moderate — wildfires (eastern/southern Oregon), earthquakes, flooding

Standard HO-3 policies cover wind damage but exclude flood and earthquake. Separate policies may be needed depending on your location within Oregon.

Coverage Requirements

No state minimum — lenders require replacement cost dwelling coverage

Oregon Home Insurance Requirements

  • No mandatory home insurance law in Oregon
  • The Cascadia Subduction Zone poses major earthquake risk — separate earthquake policy needed
  • Wildfire risk is growing in southern and eastern Oregon — defensible space recommended

Oregon Home Insurance Facts

Oregon has one of the lowest home insurance premiums in the US
The Cascadia Subduction Zone could produce a magnitude 9.0+ earthquake — a risk largely uninsured by homeowners
Southern Oregon (Medford, Ashland area) faces increasing wildfire risk with some insurers restricting coverage

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How to Get Cheaper Home Insurance in Oregon

1

Bundle home + auto insurance

Multi-policy discounts average 15–25% at most major insurers — the single easiest saving.

2

Raise your deductible

Going from $500 to $1,000 or $2,500 deductible typically saves 10–20% on annual premiums.

3

Install security & safety devices

Smoke detectors, burglar alarms, and deadbolts can reduce premiums by 5–15%.

4

Upgrade your roof

Impact-resistant roofing (Class 4) can save $300–$1,500/year in storm-prone states like Kansas and Texas.

5

Compare quotes annually

Home insurance rates vary by 40–60% between companies. Shopping at renewal every year locks in the best rate.

6

Review your coverage limits

Over-insuring your land (which can't burn down) or under-insuring your possessions are both costly mistakes. Get a home inventory done.

Home Insurance in Oregon — FAQs

What is the average cost of home insurance in Oregon?
The average home insurance cost in Oregon is $80 per month ($960 per year) for a standard HO-3 policy on a $300,000 home. Your actual rate depends on your home's age, construction type, location, and claims history.
Is home insurance required in Oregon?
Oregon does not legally require home insurance. However, virtually all mortgage lenders require you to carry homeowners insurance as a condition of your loan — typically at least enough to cover the home's rebuild cost.
What does home insurance cover in Oregon?
A standard HO-3 policy in Oregon covers your dwelling (structure), personal property, liability, and additional living expenses if your home becomes uninhabitable. It typically excludes flood and earthquake damage — separate policies are available for these risks.
What natural disasters affect home insurance in Oregon?
Oregon faces the following natural disaster risks: Moderate — wildfires (eastern/southern Oregon), earthquakes, flooding. Standard HO-3 policies cover wind and fire damage but exclude floods. Earthquake coverage requires a separate policy or rider.
How can I lower my home insurance in Oregon?
The most effective ways to lower home insurance in Oregon include: (1) bundling home and auto insurance for 15–25% savings, (2) raising your deductible, (3) installing security systems and smoke detectors, (4) upgrading your roof to impact-resistant materials, and (5) shopping quotes from at least 3 insurers annually.

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