USAA is the best homeowners insurance company in Oregon, based on a 2023 analysis by Insurance.com with an overall rating of 4.47; however it is only for military members and their families. American Family is the best home insurance company in Oregon for non-military homeowners, with an overall rating of 4.45.
American Family offers the cheapest home insurance in Oregon at $1,049 a year.
With so many options out there, it is not easy to choose a homeowners insurance company in Oregon. You need a reliable company that will provide you with quality service at an affordable price. If this is what you're looking for, read on.
- The average cost of homeowners insurance in Oregon is $1,503 a year or $125 a month.
- The cheapest homeowners insurance company in Oregon is American Family. It offers home insurance at an average of $1,049 a year.
- American Family ranked as the best home insurance company for non-military homeowners, based on rates, complaints, and financial stability.
Average home insurance cost in Oregon
The average cost of homeowners insurance in Oregon is $1,503 a year or $125 a month. This is based on coverage of:
- $300,000 dwelling
- $300,000 liability
- $1,000 deductible.
However, the average annual premium varies by the insurance company, your ZIP code, coverage type, your home's age, among other factors. It’s a good idea to compare price quotes from different Oregon homeowners insurance companies to get the best deal.
Best home insurance companies in Oregon
The best home insurance company in Oregon for 2023 is USAA, followed by American Family and State Farm.
Below is a full list of the top Oregon insurance companies based on price, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
| Insurance company | AM Best | Average annual rate | NAIC Complaint ratio | Insurance.com score |
|---|---|---|---|---|
| USAA* | A++ | $ 1,413 | 0.41 | 4.47 |
| American Family | A | $ 1,049 | 0.6 | 4.45 |
| State Farm | A++ | $ 1,188 | 1.07 | 4.34 |
| Nationwide | A+ | $ 1,256 | 0.75 | 4.3 |
| Farmers | A | $ 1,679 | 0.33 | 3.94 |
| Country Financial | A+ | $ 2,404 | 0.14 | 3.45 |
| Allstate | A+ | $ 1,455 | 2.04 | 3.38 |
*USAA only provides coverage to military members, veterans and their families.
Cheapest home insurance companies in Oregon
Below are Oregon home insurance rates by company for six different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our rate analysis, you’ll see American Family has the most affordable rates in every category.
| Company | $200,000 | $300,000 | $400,000 | $500,000 | $600,000 |
|---|---|---|---|---|---|
| American Family | $ 818 | $ 1,049 | $ 1,265 | $ 1,471 | $ 1,665 |
| State Farm | $ 923 | $ 1,188 | $ 1,455 | $ 1,795 | $ 2,113 |
| Nationwide | $ 934 | $ 1,256 | $ 1,590 | $ 1,948 | $ 2,325 |
| USAA | $ 1,146 | $ 1,413 | $ 1,639 | $ 1,844 | $ 2,034 |
| Farmers | $ 1,196 | $ 1,679 | $ 2,263 | $ 2,614 | $ 3,328 |
| Allstate | $ 1,292 | $ 1,455 | $ 1,716 | $ 2,014 | $ 2,313 |
| Country Financial | $ 1,779 | $ 2,404 | $ 3,012 | $ 3,619 | $ 4,227 |
*USAA only provides coverage to military members, veterans and their families.
Oregon home insurance rates by ZIP code
Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Oregon to see which areas are the most and least expensive.
The most expensive ZIP codes in Oregon for home insurance
Oregon homeowners insurance rates are the most expensive for ZIP code 97503, with an average annual cost of $2,882.
The most expensive ZIP codes in Oregon are:
| ZIP code | Average annual rates |
|---|---|
| 97503 | $ 2,882 |
| 97040 | $ 2,093 |
| 97058 | $ 1,933 |
| 97914 | $ 1,919 |
| 97907 | $ 1,841 |
| 97037 | $ 1,839 |
The least expensive ZIP codes in Oregon for home insurance
The cheapest ZIP codes for home insurance in Oregon are:
| ZIP code | Average annual rates |
|---|---|
| 97224 | $ 1,246 |
| 97007 | $ 1,256 |
| 97062 | $ 1,256 |
| 97140 | $ 1,268 |
| 97123 | $ 1,268 |
| 97006 | $ 1,270 |
