Best and cheapest renters insurance in Oregon

Best renters insurance companies in Oregon

When choosing the best renters insurance company in Oregon, make sure you’re comparing on more than just price. We’ve compared quotes, coverage options and J.D. Power scores from all the major insurers in Oregon. Below is our list of best renters insurance companies in Oregon based on that analysis, with our score out of five. Note that USAA only offers coverage to military families.

Company	Average rating(out of 5)
State Farm	4.5
Allstate	3.5
American Family	3.5
Nationwide	3.5
Farmers	2.5

Compare the best renters insurance companies in Oregon

Comparing quotes from multiple insurance carriers is one way to ensure you will get your money’s worth. There can be big differences in price between different renters insurance providers, so it pays to shop around. Ensure you buy from a company offering affordable renters insurance and consistent customer service.

To simplify your task, we have compared the carriers for Oregon residents based on their average rates and ratings from J.D. Power. Among the carriers surveyed, State Farm is the best renters insurance company in Oregon. It earned 844 out of 1000 from J.D. Power and has an average renters insurance rate of $176.

The table below offers a detailed comparison of renters insurance companies in Oregon.

Company	J.D. Power Score	Average Annual Premium	AM Best Ratings
State Farm	844	$176	A++
Nationwide	852	$228	A+
Allstate	835	$175	A+
American Family	856	$244	A
Farmers	842	$242	A

How much is renters insurance in Oregon

Oregon residents pay an average of $253 a year for renters insurance, and the average monthly cost is $21. That’s for a policy with personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.

What you pay for renters insurance will not be the same as a neighbor’s price because it depends on factors specific to each person: the property you want to insure, extra coverage options you add, and the deductible amount you choose.

“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	Average Monthly Premium
$253	$21

Most expensive ZIP codes in Oregon for renters insurance

Several factors affect your renters insurance coverage cost in Oregon, including your location and the coverage you buy. The most expensive ZIP code in Oregon for renters insurance is 97480, where the average annual rate is $273 which is $20 more than the state average insurance premium.

The following table lists the most expensive ZIP codes in Oregon for renters insurance.

ZIP code	Average Annual Rate
97480	$273
97439	$272
97453	$271
97478	$270
97490	$269
97408	$268
97405	$267
97216	$266
97202	$265
97239	$264

Least expensive ZIP codes in Oregon for renters insurance

Renters insurance rates in Oregon are cheaper in some areas. Based on a rate analysis by Insurance.com, the least expensive ZIP code for renters insurance in Oregon is 97003, and its average annual rate is $239.

Below, you’ll find the least expensive ZIP codes for renters insurance, along with their average annual rates.

ZIP code	Average Annual Rate
97003	$239
97008	$240
97124	$241
97341	$242
97116	$243
97078	$244
97330	$245
97371	$246
97535	$247
97525	$248

Compare renters insurance rates by city in Oregon

Renters insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on renters insurance for your specific city in Oregon.

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

Cheap renters insurance in Oregon by company

There are a lot of companies offering renters insurance in Oregon. Among the carriers surveyed by Insurance.com, Allstate is the cheapest renters insurance company in Oregon; its average annual premium is $175.

Renters insurance prices can vary drastically between companies. That’s why it is important to compare rates and see which company offers the best deal to get coverage at an affordable price.

Below are the best cheap renters insurance companies in Oregon and their average annual premiums.

Company Name	Average Annual Premium
Allstate	$175
State Farm	$176
Nationwide	$228
Metropolitan	$240
Farmers	$242
American Family	$244
Oregon Mutual	$247
Mutual of Enumclaw	$341
Country Financial	$393

Methodology

Insurance.com compared renters insurance rates in 2022 provided by Quadrant Data Solutions 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. Content was updated in 2023.