Best home insurance companies in Oregon: State Farm

The best home insurance company in Oregon for 2024 is State Farm. American Family, Nationwide, Country Financial, and Farmers are among the top home insurance companies in Oregon based on price, NAIC complaints, and AM Best financial ratings.

The total Insurance.com score is calculated out of five using these factors.

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Best home insurance in Oregon
CompanyAM BestNAIC complaint ratioInsurance.com scoreAverage annual rate
State FarmA++0.834.63$1,294
American FamilyA0.803.80$1,330
NationwideA+1.053.79$1,238
Country FinancialA+0.263.64$2,750
FarmersA0.673.46$2,041
AllstateA+1.463.18$1,709
Data updated in 2024

Cheapest home insurance companies in Oregon: Nationwide

Below are Oregon home insurance rates by company for five different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our rate analysis, Nationwide has the most affordable rates for all coverage levels except $600,000 and $1,000,000.

Cheapest home insurance in Oregon
Company $200,000$300,000$400,000$600,000$1,000,000
Nationwide$921$1,238$1,566$2,286$3,562
State Farm$1,008$1,294$1,581$2,194$3,295
American Family$1,036$1,330$1,608$2,126$3,047
USAA*$1,336$1,655$1,927$2,399$3,196
Allstate$1,496$1,709$2,059$2,882$4,705
Farmers$1,439$2,041$2,756$4,114$7,587
Country Financial$2,046$2,750$3,435$4,805$7,184
Data updated in 2024

*USAA only provides coverage to military members, veterans, and their families.

Average home insurance cost in Oregon

The average cost of homeowners insurance in Oregon is $1,755 a year or $146 a month. This is based on coverage of:

  • $300,000 dwelling
  • $300,000 liability
  • $1,000 deductible.

However, the average annual premium varies by insurance company, ZIP code, coverage type, and your home's age, among other factors. It’s a good idea to compare price quotes from Oregon homeowners insurance companies to get the best deal.

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 $3,425. 

Enter your ZIP code and desired coverage level in the search box to see that area's average home insurance rate. You will also see the highest and lowest premiums from major home insurers. Comparing home insurance rates will give you an idea of how much you can save.

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Average home insurance rates in Texas
Please enter valid zip code
$200,000
$200,000 $300,000 $400,000 $600,000 $1,000,000
$100,000
$100,000 $300,000
Standard ($1000)
Standard ($1000) Hurricane (2% of insured value)

Most & least expensive ZIP codes for homeowners insurance in Texas

ZIP codeCityHighest rate
77550Galveston$10,164
77586El Lago$9,906
77551Galveston$9,536
77554Galveston$9,358
ZIP codeCityLowest rate
78559Iglesia Antigua$1,956
78593Santa Rosa$1,999
79915El Paso$2,008
79905El Paso$2,009
Data updated in 2024
Read our methodology

The Oregon Division of Financial Regulation says...

Insurance premiums must always bring in enough money to pay for all of the risk that the company insures. If the insurance company insures 1,000 people in Oregon, it must have enough money to pay for all the claims filed by all of those people, whether 10, 20, 100, or 300 of them make claims in a given year. To understand your premium, start with the idea that you are one person in a group of many.
Your individual premium should be based on the amount of risk that you contribute to the group of people your insurance company covers. Not everyone that your insurance company insures is going to need to make a claim. In reality, only a small percentage will. But the insurance company bases each premium on the share of risk that a person contributes to the overall risk that the insurance company potentially will pay.

- The Oregon Division of Financial Regulation

The most expensive ZIP codes in Oregon are:

ZIP codeAverage annual rates
97503$3,425
97040$2,429
97058$2,262
97914$2,220
97037$2,190
97907$2,142
Data updated in 2024

The least expensive ZIP codes in Oregon for home insurance

The cheapest ZIP codes for home insurance in Oregon are:

ZIP codeAverage annual rate
97224$1,439
97140$1,464
97219$1,464
97007$1,464
97062$1,465
97225$1,467
Data updated in 2024

Compare Oregon homeowners insurance rates with other states

Alabama
$3,066/year
Alaska
$1,799/year
Arizona
$1,966/year
Arkansas
$4,073/year
California
$1,380/year
Colorado
$3,388/year
Connecticut
$2,100/year
Delaware
$1,389/year
Florida
$4,218/year
Georgia
$2,163/year
Hawaii
$582/year
Idaho
$1,892/year
Illinois
$2,604/year
Indiana
$2,721/year
Iowa
$2,402/year
Kansas
$4,665/year
Kentucky
$3,163/year
Louisiana
$3,481/year
Maine
$1,407/year
Maryland
$1,630/year
Massachusetts
$1,518/year
Michigan
$2,607/year
Minnesota
$2,327/year
Mississippi
$3,398/year
Missouri
$3,349/year
Montana
$2,874/year
Nebraska
$4,624/year
Nevada
$1,457/year
New Hampshire
$1,144/year
New Jersey
$1,299/year
New Mexico
$2,542/year
New York
$1,728/year
North Carolina
$2,768/year
North Dakota
$2,946/year
Ohio
$2,017/year
Oklahoma
$4,945/year
Pennsylvania
$1,760/year
Rhode Island
$1,774/year
South Carolina
$2,727/year
South Dakota
$3,529/year
Tennessee
$2,870/year
Texas
$4,142/year
Utah
$1,421/year
Vermont
$1,175/year
Virginia
$1,999/year
Washington
$1,659/year
West Virginia
$1,801/year
Wisconsin
$1,508/year
Wyoming
$1,801/year
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