Oregon Homeowners Insurance Quotes

Everything You Need to Know About Home Insurance in Oregon

In the early 1800s, Lewis and Clark mapped Oregon, opening the door for others to settle on the land. But more than 14,000 years before that, Native Americans arrived from Asia. These people include the Tillamook, Takelma, Klamath, and Athabaskan tribes; today, the state is home to 10 Native American tribes.

A few wonders for which the state is known: Crater Lake’s 1,932 feet depth makes it the deepest lake in the U.S., while Hells Canyon holds the title of the deepest river-carved gorge in North America at 7,913 feet deep. The state also has the richest fossil site in the world at John Day Fossil Beds National Monument, a large number of wintering bald eagles at Klamath Basin National Wildlife Refuge Complex, and over 7,000 bridges. The state grows pears, wine grapes, and 99% of the U.S.’s hazelnut crops. One more When considering the state’s wondrous natural features with proximity to mountains and beaches, along with its arts offerings and its telecommuting opportunities — statistics show roughly 44% of the state’s employees work from home — it is no wonder so many people choose Oregon to call home. Whether you are at home or away, you will need the best homeowners insurance in Oregon to protect your assets. InsureOne agents can help you find just that — the best Oregon homeowners insurance quotes at the best prices.

How Much Does Homeowners Insurance Cost in Oregon?

The average cost of home insurance in Oregon for a $300,000 home is $1,755 a year. This is lower than the national average of $2,543.

Why is home insurance so expensive in Oregon? This difference shows Oregon rates are lower than those of other states, but recent years have seen a climb due to the increase in forest fire destruction, with 1.5 million acres burned in 2024 and recent flooding from the atmospheric rivers. Paying out on a higher number of claims all at once forces insurers to raise rates for all homeowners in order to stay in business.

How To Find Home Insurance in Oregon

Shopping around may give you an idea of where you stand for homeowners insurance rates. If your home needs repairs, such as a new roof, or if you have fire hazards around your home, this may affect your ability to secure coverage. An insurer may ask you to address these situations before it insures or renews you. Senate Bill 82 (2023) requires insurers to disclose the reason for nonrenewal or rate increases to consumers.

Due to recent fires and floods in the state, it may be difficult to find insurance. If you are denied coverage from at least two insurers, you may need to sign up for the Oregon FAIR Plan, which is more costly and provides less protection than standard coverage.

Here are some tips to help protect your home from different weather events:

Flood

• Elevate furnaces, water heaters, and electrical systems
• Install tile flooring, which is more water-resistant than carpet
• Consider installing a sump pump

Wind

• Secure all loose roof shingles
• Replace cracked caulk around windows
• Replace gravel with mulch or dirt

Fire

• Install fire alarms in your home
• Install a heat alarm in your garage
• Install home fire sprinklers

If you would rather be doing anything else besides googling “compare home insurance quotes in Oregon,” you are in luck. Your InsureOne agent will do all the work for you by shopping around with multiple carriers to find you the best high-quality insurance at competitive rates.

How Do Home Insurance Deductibles Affect Rates in Oregon?

Your deductible is what you agree to pay when you file a claim. If the coverage on your Portland or Cannon Beach home has a deductible of $2,000 and your claim is $5,000, your insurer will pay $3,000 after you pay your deductible. But if your deductible is $5,000, for a $5,000 claim, you will be responsible for paying to fix the damage out of your pocket.

One way you can save on homeowners insurance is by upping your deductible — a higher deductible means a lower premium. But this is risky unless you have enough cash on hand to pay for the higher deductible should you ever need to file a claim.

Also, if you are wondering, “Does homeowners insurance cover floods?” after the atmospheric river in Tillamook, the short answer is no — unless you have add-on coverage. Most standard home coverage excludes both flood and earthquake damage, so deductibles only apply for those events if you have purchased the extra coverage for them.

Your InsureOne agent can go over different scenarios with you to find one that fits your specific situation and financial circumstances.

How Bundling Can Save You Money in Oregon

Need other types of insurance in addition to your homeowners insurance in Portland or anywhere else in Oregon? Ask your agent about bundling your home and auto coverage — or buying both policies through the same insurer, which can save you up to 25% off your premiums.

Bundling applies to all kinds of insurance, and it makes sense, especially when you work with an insurance professional you trust. Your agent will shop for you, then build personalized plans based on your unique information and needs. Other advantages? One bill to pay and one set of paperwork to manage means more time for strolling the sand in Seaside or driving the Oregon Dunes in your bundled dune buggy.

Compare Home Insurance Rates by Coverage Levels in Oregon

Homeowners insurance rates in Oregon often increase as you raise your dwelling coverage limit. Your premium may also be affected by local risks like wildfires, winter storms, and heavy rainfall.

The following table shows a range of rates for $100,000 of liability protection in Oregon. Rates can vary by ZIP code, so InsureOne can help you compare quotes at different coverage levels to find the best fit.

Dwelling Coverage (Oregon)	Average Annual Insurance Cost
$200,000	$1,347
$300,000	$1,755
$400,000	$2,185
$600,000	$3,016
$1,000,000	$4,108

At InsureOne, our expert agents can find you the best home protection. We will shop around and create a plan tailored to your needs.

Is Home Insurance Tax Deductible in Oregon?

Just like in the rest of the United States, homeowners insurance in Oregon is only tax-deductible in certain circumstances.

If you own a home you rent out for business income or if you use a dedicated space in your personal home for a business office or as business storage, you may be able to deduct some or all of your home coverage costs. The same is true of having a casualty loss, but these rules are changing in accordance with recent laws. The best way to determine whether you qualify is to speak to your tax advisor about your particular situation.

Does Oregon Have the 80% Homeowners Insurance Rule?

While there is no law in the Beaver State requiring a minimum level of coverage, most insurers in Oregon follow the industry standard known as the 80% rule to ensure you have appropriate coverage. This rule means that if your Ashland home’s replacement value is $500,000, you need $400,000 in coverage for proper replacement value after a wildfire or some other covered disaster.

Home replacement costs may fluctuate with the changes in labor and materials costs and availability. When many people experience loss all at once, such as during a wildfire, these costs may rise with the increased demand for labor and materials.

Additionally, your home’s replacement value may increase with certain upgrades, so be sure to inform your agent if you do any home remodeling. Your agent will figure out the necessary change in coverage to conform to the 80% rule once you have relayed the information about your home improvements.

What Factors Do Insurers Consider in Oregon?

Agents review a number of factors to figure out your premium, some personal to you and some about your area, including:

• Your home’s age
• Your home’s construction materials
• Your credit history
• Your home’s distance to the local fire department

Potential disasters in your area:

• Wildfire
• Floods
• Earthquakes
• Landslides
• Coastal hazards, such as erosion
• Winter storms (heavy snow, ice)
• Windstorms (regions with winds up to 150 mph)

After recent devastating fires, the state developed maps and rules for homeowners in fire-prone areas, including home hardening building code standards. This means that if you are replacing a covered item, such as your roof or siding, it must comply with these standards that increase fire resistance.

Your agent can answer any questions you may have about recent developments regarding these standards and whether they mean any changes in insurance costs for you.

What Are the Different Types of Home Insurance?

There are eight types of homeowners insurance policies to accommodate the different types of living situations. Some offer more coverage than others, while some cover homeowners and others cover renters.

The following chart goes into more detail about the coverage each type provides and can answer your question about what homeowners insurance covers in Oregon.

The state has some endorsements, also called riders, that you can add to personalize your policy. These include wildfire defense services, water backup/sump overflow, service line coverage for underground pipes and wires, and equipment breakdown for water heaters, HVAC systems, and appliances. You may also add scheduled personal property coverage for jewelry and art. Your agent can tell you about all the available endorsements for the best protection.

What Is the Most Common Homeowners Insurance in Oregon?

The most common type of home coverage in Oregon is the HO-3 plan, which covers your home and includes coverage for liability, medical payments to others, and additional living expenses from all perils except listed exclusions, such as earthquake, flooding, and power failure. It also includes belongings coverage from 16 perils.

If you are comparing home insurance coverage in the southern part of the state, take this into consideration: If you live in an area prone to flooding, such as in the lowlands near the Willamette or Nehalem Rivers or in coastal areas, you may consider adding a flood rider to your policy. If you live in central, east, or southern Oregon, you may consider adjusting your policy to account for higher fire risk and the threat of landslides in wet weather over burned areas.

FAQs

How Much Does Homeowners Insurance Cost in Oregon?

It costs about $1,755 a year to cover a $300,000 home in Oregon. Your exact cost depends on your unique information.

Is Homeowners Insurance Required for Homeowners in Oregon?

Oregon does not require its homeowners to have insurance. If you have a mortgage, however, your bank will require property insurance in Oregon.

What Weather Risks in Oregon Can Affect My Home Insurance Rates?

Fires and floods have become more frequent in Oregon in recent years. There is also a risk of heavy winds, snow, ice, tsunamis, and earthquakes, depending on where you are in the state.

Does Oregon Offer Any Discounts or Programs That Can Help Lower Home Insurance Costs?

The Wildfire Prepared Home program is now available in Oregon. Ask your agent if earning a Wildfire Prepared Home designation certificate, which requires home upgrades that help protect your home from wildfires, will earn you a discount on your home coverage.