Best condo insurance companies in Oregon
Based on our analysis, State Farm is the best condo insurance company in Oregon among many options. Our insurance experts evaluated pricing and ratings from trusted sources, including the National Association of Insurance Commissioners (NAIC) and AM Best.
Here are the best condo insurance companies in Oregon, based on our research.
| Company | Annual annual premium | AM Best | NAIC | Insurance.com rating |
|---|---|---|---|---|
| State Farm | $405 | A+ | 1.15 | |
| Allstate | $524 | A+ | 1.26 | |
| Country Financial | $725 | A+ | 0.23 | |
| Farmers | $563 | A | 0.89 | |
| American Family | $632 | A | 1.07 | |
| Nationwide | $737 | A | 1.34 | |
| USAA | $720 | A++ | 0.46 |
Average condo insurance cost in Oregon
The average cost of condo insurance in Oregon is $640 per year or $53 per month for $60,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible. Your actual annual premium will vary depending on:
- Where you live
- Coverage limits and deductible
- Age of the building and construction materials
- Your claims history and credit score
To find the cheapest company for you, compare quotes from multiple insurance providers and choose the coverage that fits your needs.
| Average annual premium | $640 |
| Average monthly premium | $53 |
Condo insurance rates in Oregon by company and coverage level
State Farm provides the lowest condo insurance rates in Oregon for policies with limits of $60,000 in personal property coverage and $300,000 in liability coverage with a $1,000 deductible.
The second most affordable option is Allstate at $524 per year. However, prices will vary depending on the coverage level you choose.
The table below shows condo insurance rates from top companies at different coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| State Farm | $351 | $360 | $396 | $405 | $432 | $441 | $464 | $473 |
| Allstate | $416 | $440 | $499 | $524 | $587 | $611 | $667 | $692 |
| Farmers | $477 | $521 | $519 | $563 | $562 | $605 | $604 | $647 |
| American Family | $556 | $572 | $614 | $632 | $660 | $679 | $697 | $717 |
| Country Financial | $560 | $573 | $711 | $725 | $857 | $870 | $991 | $1,004 |
| Nationwide | $677 | $688 | $736 | $749 | $799 | $814 | $866 | $884 |
| USAA | $664 | $664 | $720 | $720 | $769 | $769 | $810 | $810 |
Condo insurance rates by company in Oregon
The cheapest option is State Farm, followed by Allstate and Farmers as the second and third most affordable choices. However, condo insurance rates in Oregon vary by company, so it's a good idea to shop around and compare quotes.
The table below shows condo insurance rates from major companies in Oregon.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| State Farm | $405 | $34 |
| Allstate | $524 | $44 |
| Farmers | $563 | $47 |
| American Family | $632 | $53 |
| Country Financial | $725 | $60 |
| Nationwide | $749 | $62 |
| USAA | $720 | $60 |
Compare condo insurance rates by city in Oregon
Condo insurance rates in Oregon vary by city, with factors such as weather and crime rates influencing pricing. To find the most affordable and reliable condo insurance in your city, take these factors into account and compare quotes from multiple insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
FAQ
Is condo insurance required in Oregon?
No, condo insurance is not require by law in Oregon, but your mortgage company will require it.
What does condo insurance typically cover in Oregon?
Condo insurance covers your personal property, the interior of your unit, loss of use and personal liability.
How can I lower my condo insurance premium in Oregon?
To lower your rates, shop around, ask about discounts and bundle your condo and auto insurance.
