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Oregon Homeowners Insurance Quotes

Oregon is a special place to visit, live and raise a family. We have everything from mountains to beaches, beautiful lakes and national parks. We spend a lot of time outside in the Beaver State. Oregonians love skiing, hiking, fishing, golfing and hitting the local wineries. Whatever outdoor activity you love, you can get your fill in Oregon.

When its time to head back inside, Oregon won’t let you down. We have small, quaint towns with plenty of unique shopping and dining. If it’s the big city you crave, we have you covered. Portland has world class shopping, fine dining and plenty of museums and cultural activities.

It doesn’t matter if you are moving to Medford, Bend, Hillsboro, West Linn, Roseburg or any of our other great cities and towns, you will be thrilled with your new hometown in Oregon.

Oregon Facts

According to the latest census data, Oregon has a population of 11,536,504 people. This means there are roughly 3,927 households per ZIP Code and the average number of people living in a house is three.

Oregon residents have an average household income of $33,908, which is slightly below the national average. Fortunately housing is fairly affordable with the average house value coming in at $122,270.

Homeowners Insurance in Oregon

Oregon residents are certainly lucky when it comes to the price of homeowners insurance. The average cost of an HO-3 policy, which is considered an industry standard for single-family homes, is an extremely affordable $568. The national average is almost double the cost at $1,034.

Despite the fact that homeowners insurance is very affordable in Oregon, there are ways to lower your premium even further. Below are a few tips on how to save on homeowners insurance:

  • Shop Around: Industry experts recommend shopping your coverage on a yearly basis. This includes all insurance types not just homeowners insurance. Insurers rate risk differently so there can be huge differences in premium quotes. When shopping for coverage, make sure you are comparing apples to apples when it comes to both deductibles and coverage levels.
  • Discounts: Discounts are an excellent way to lower your homeowners insurance costs. All insurance companies offer discounts and they can be significant so it is important to make sure you're getting all available discounts. Ask your agent to review your policy and make sure you're getting all discounts you are entitled to receive.
  • Raise Your Deductible: If you can afford it, raising your deductible is an excellent way to lower your premium. Doubling your deductible will result in significant savings but make sure that you can easily afford the deductible amount you choose in the event you have to make a claim.

Insurance Rates by Homeowners Insurance Type

Homeowners insurance comes in a number of different types and each one is designed to specifically protect a certain type of home. Below is a quick overview of the different types of homeowners insurance as well as the average price for each one according to data collected by the NAIC.

Dwelling Fire: A Dwelling Fire policy is a very specific type of homeowners insurance coverage that covers a very limited number of perils. These policies are usually very affordable but it's important to remember they only cover damage from smoke and fire. Some Dwelling Fire policies will also cover damage from explosions, vandalism and wind.

Data from the NAIC shows that only 0.4% of Oregon policies are DFs. Due to the low costs of HO-3 policies it doesn't make a lot of sense to purchase a Dwelling Fire policy unless you only need coverage from those specific perils. The average cost of these policies and Oregon is $547.

HO-2: This insurance type is also a very basic homeowner policy. These policies cover perils that are specifically listed in the policy wording, all other damage would not be covered.

Again, due to the low cost of a standard policy in Oregon, purchasing an HO-2 doesn't really make sense as these policies on average cost more than an HO-3. The average cost of an HO-2 in Oregon is $636, which is probably why only 1.5% of policies are HO-2s.

HO-3: An HO-3 policy is by far the most common policy type in Oregon with 59.4 percent of policies being this type. These policies are considered standard when it comes to single-family homes and they will cover damage from all perils except those that are specifically excluded in the policy. It is important to remember that all homeowner policies exclude damage from earthquakes and floods.

The HO-3 policy is extremely affordable in Oregon with the average price coming in at $568

HO-4: This policy type is designed specifically for people who live in apartments. It is often referred to as renters insurance. These policies protect your personal property as well as offering liability coverage in the event someone is injured in your apartment.

The HO-4 is fairly popular in Oregon with 19.3% of policies being this type.

HO-5: These policies are designed to protect newer and more upscale homes. They offer protection not only for your house but all other structures on your property. Loss of use is also included and your personal possessions are protected against all perils except those that are excluded in the policy wording. These policies are generally not available for older homes.

In Oregon, 15.8 percent of policies are HO-5s with the average premium being $515.

HO-6: This policy is designed to protect a co-op or condo. It offers protection for your personal property as well as any of the structural components of the building that you own, such as the walls of your particular unit. These policy types limit coverage to 16 specific perils that are listed in the policy.

In Oregon, only 3.5 percent of policies are HO-6s.

Factors to Consider in Oregon

While Oregon doesn't often see tornadoes, it can be the victim of heavy rain and thunderstorms, which can lead to flooding and other damage to your home. In addition Oregon does receive severe thunderstorms from time to time and during the winter snow and ice can be a problem. Heavy snowfall and freezing temperatures can lead to collapsed roofs, frozen pipes and even ice dams.

All these issues can damage your home. Everything from a collapsed roof, downed power lines and even flooding can occur. It's important to remember that if you live in a flood prone area you will need a separate flood policy to cover any damage that is caused by flooding.

It is possible to mitigate some of this type of damage by upgrading portions of your home. Replacing your roof with wind resistant materials as well as installing storm shutters and a sprinkler system cannot only keep your home safer but also result in a significant discount on your homeowners insurance.

If you have decided to make the move to the great state of Oregon you will not be disappointed in your new home. It doesn't matter if you're moving to Portland, Eugene,, Oregon City,, Ashland, or our capital city of Salem, moving to the Beaver State will be one of the best decisions you ever make.

You will need a great new policy to protect your new home. We can easily help you shop and compare up to 12 different Oregon home insurance premiums and apply all the available discounts and credits.

Get up to 12 competitive quotes for your home, review affordable Oregon homeowners insurance quotes today!

Average Homeowners Insurance Premiums in Oregon

With over 95% of all Americans are known to have homeowners insurance coverage, it's important to know what Oregon homeowners are paying on average. Did you know that the average homeowners insurance premium in Oregon is $735? Oregon is now ranked 51 in the country. The country wide average for homeowners in the United States is $1,311. This means the average home insurance premium in Oregon is 43.94% less than the national average.

YearAverage Annual PremiumAverage Monthly PremiumState Rank (Overall)
2020$735 (1.1%)$ 6151
2019$727 (3%)$ 6151
2018$706 (4.19%)$ 5951
2017$677 (2.69%)$ 5651
2016$659 (2.46%)$ 5551

When we combine the state averages over the last decade, the Oregon overall average is estimated to be around $660.93. Our homeowners insurance quoting and rating process helps you compare homeowners insurance quotes, coverages and premiums. Oregon current state rank compare to the rest of the country is #51. Consider shopping your Oregon home insurance with us so we can help you save up to 40% or more on your policy.

Oregon Homeowners Insurance News & Information

  • Homeowners Below a 580 Credit Score Pay 35% More for Home Insurance Posted on Monday 15th April, 2024

    While the odds of a major disaster hitting a specific home is the same regardless of whether the owner has a great credit score or one that puts them in a subprime category, their credit score will impact their rate in many states.  In most states, insurers are allowed to consider credit scores when setting […]

  • The Best Way to Check the Financial Strength of Home Insurance Companies Posted on Wednesday 3rd April, 2024

    If you are switching insurance companies, you should always check the financial strength of any insurer you are seriously considering. While an affordable premium is always a plus, if your insurance company cannot afford to pay when you file a claim, the savings will certainly not be worth it.  A.M. Best is a credit rating […]

  • Florida’s Broward Commissioner is Asking Congress to Lower Insurance Rates Posted on Monday 1st April, 2024

    A bill in the U.S. House called the Natural Disaster Reinsurance Plan, hopes to lower insurance costs for policyholders in states that opt-in to the program which will scale back the requirements regarding the amount of reinsurance that insurance companies need to purchase.  Currently, a Broward commissioner is asking Congress to pass legislation he claims […]

  • North Carolina Coastal Home Insurance Rates Posted on Friday 29th March, 2024

    North Carolina is a fantastic place to live with plenty of cultural activities, beautiful beaches, world-class cities as well as great restaurants and shopping. The only disadvantage to living in North Carolina, particularly if your home is located in coastal area is the cost of homeowners insurance. The average premium for a standard homeowners insurance […]

  • How Do Renovations Impact Home Insurance? (2024 Guide) Posted on Friday 15th March, 2024

    Making renovations to your home can have a major impact on your insurance coverages as your risk profile changes. Adding square footage, putting in a swimming pool, outbuilding or upgrading your electrical may change the value of your home which could leave your underinsured.  Major upgrades such as adding square footage to your home or […]

Oregon Housing & Real Estate Data

Details:Staticstics
Total Housing Units1675562
Occupied Housing Units1518938
Vacant Housing Units156624
Vacant Housing Units for Rent40193
Vacant Housing Units Rented Not Occupied2608
Vacant Housing Units For Sale24191
Vacant Housing Units Sold Not Occupied4401
Vacant Housing Units For Seasonal Occasional Use55473
Vacant Housing Units All Other Vacants29758
Housing Units Homeowner Vacancy Rate Percent2.5
Housing Units Rental Vacancy Rate Percent6.5
Housing Tenure Occupied Units1518938
Housing Tenure Occupied Units Owner Occupied944485
Housing Tenure Occupied Units Owner Occupied Population2386743
Housing Tenure Occupied Units Owner Occupied Averge Household Size2.53
Housing Tenure Occupied Units Renter Occupied574453
Housing Tenure Occupied Units Renter Occupied Population1357689
Housing Tenure Occupied Units Renter Occupied Average Household Size2.36

Understanding Oregon Homeowners Insurance

When shopping for Oregon homeowners insurance quotes you should be aware of the various types of insurance policies that are available in your area:

  • HO-3: This is the most common type of homeowers policy. This policy type protects your home against all perils, except ones that are specifically excluded. In most cases earthquake and flood damage are excluded.
  • H0-6: This policy type is specifically written for condos or co-ops. If you own a condo or live in a co-op building this type of policy is a necessity. A HO-6 policy covers both your personal belongings and the structural parts of the building that you own. There are 16 disasters listed on a typical policy that HO-6 protects against.
  • HO-4: If you are looking for Oregon renters insurance, a HO-4 policy is a great option. Renters insurance will cover your contents as well as offer liability coverage in the event a person is injured in your apartment.

While other types of policies exist, these are the most common ones. A HO-2 is a more basic policy that offers reduced coverage levels and a HO-5 is a high-end policy that offers increased protection.

If you are shopping for a new home in Oregon, homeowners insurance is a must do. We can help you find the perfect policy for your new home, regardless of whether you need a standard HO-3 policy, HO-6 or renters insurance, our site makes shopping for homeowners insurance quotes easy. Visit our online quoting application today and let us help you shop and compare up to 12 different Oregon rates and coverage options.