Renters insurance in Oregon: Cost, best companies and how to save

What is the average cost of renters insurance in Oregon?

The average cost of renters insurance in Oregon is $266 per year. Rates vary depending on factors like your location, the amount of coverage you choose, your deductible, and your claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium	$266
Average monthly premium	$22

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Best renters insurance company in Oregon: State Farm

State Farm ranks as the best renters insurance company in Oregon, earning a top score among the carriers we surveyed. Its average rate is $172 per year.

Allstate and Nationwide are also among the top insurance companies for renters insurance in Oregon.

Renters insurance rates vary significantly among providers, so you should compare options before choosing. You should also select a company with a good reputation to ensure it will be there if you have a claim.

To help you find the best renters insurance in Oregon, we evaluated average rates, NAIC complaints ratio, and AM Best financial ratings. We calculated the total Insurance.com score out of five using these factors.

Here are the best renters insurance companies in Oregon.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
State Farm	$172	A++	0.95	5
Allstate	$175	A+	0.9	4.91
Nationwide	$228	A+	0.87	4.68
Farmers	$259	A	0.54	4.47
American Family	$260	A	0.37	4.47
Mutual of Enumclaw	$341	A	0.06	4.11
Country Financial	$450	A+	0.26	3.7
Oregon Mutual	$247	A++	128.08	3.45

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Cheapest renters insurance in Oregon

State Farm is the cheapest renters insurance company in Oregon, with an average annual premium of $172, based on our analysis.

Since renters insurance rates vary significantly from one provider to another, comparing quotes is the best way to find affordable coverage that fits your needs.

Below is the list of the cheapest renters insurance companies in Oregon and their average annual premiums.

Company name	Average annual premium
State Farm	$172
Allstate	$175
Nationwide	$228
Oregon Mutual	$247
Farmers	$259
American Family	$260
Mutual of Enumclaw	$341
Country Financial	$450

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Oregon renters insurance: The least and most expensive ZIP codes

Where you live in Oregon directly affects the cost of your renters insurance. The most expensive ZIP code in Oregon is 97480, where the average annual premium is $284. This is $18 more than higher than the average rate.

On the other hand, 97003 is the least expensive ZIP code for renters insurance with an average annual premium of $251 a year.

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Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
97480	$284
97402	$279
97239	$275
97024	$274
97060	$274
97446	$273
97030	$272
97124	$253
97003	$251

ZIP code	Average annual rate
97003	$251
97006	$252
97113	$255
97446	$273
97010	$273
97024	$274
97239	$275
97201	$276
97230	$279

Renters insurance cost in Oregon by city

Renters insurance rates vary widely across cities in Oregon, driven by factors such as weather risks, crime rates, and other factors. To find the best deal in your city, you should consider these factors and compare quotes from multiple insurers before choosing a policy.

City	Annual insurance premium
Beaverton	$243
Bend	$252
Corvallis	$244
Eugene	$268
Gresham	$265
Hillsboro	$241
Medford	$245
Portland	$265
Salem	$251
Springfield	$270

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How to save on renters insurance in Oregon

There are several easy ways to lower the cost of renters insurance in Oregon without losing necessary coverage:

Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: Oregon renters insurance

Do I need renters insurance in Oregon?

Renters insurance isn't required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in Oregon?

You don't need any renters insurance by law, but when buying a policy you should ensure you have enough personal property coverage to cover all of your personal property at replacement cost.