Home Insurance in Oregon
Home insurance in Oregon is the second-cheapest in the nation, helped by historically low exposure to hurricanes, tornadoes, and hail.
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Oregon at a glance
Data as of 2022Average cost
$893/yr
≈ $74/mo
vs U.S. average
-43%
below the national avg of $1,569/yr
Top risks
Low catastrophe risk (wildfire rising)
Source: NAIC (2022). Average annual premium for owner-occupied HO-3 homeowners policies.
Home insurance in Oregon is the second-cheapest in the nation, helped by historically low exposure to hurricanes, tornadoes, and hail.
How much does home insurance cost in Oregon?
The average homeowner in Oregon pays $893 per year for home insurance — that’s 43% below the U.S. national average of $1,569/yr. Your own rate depends on your home’s rebuild cost, age, construction, location, and claims history.
Oregon vs the national average
43% below the national average of $1,569/yr.
Source: NAIC (2022). Average annual premium for owner-occupied HO-3 homeowners policies.
What drives home insurance costs in Oregon
Premiums stay low overall, but wildfire risk is rising in forested and interface areas and is increasingly a factor in pricing and availability. Earthquake damage is excluded.
What home insurance covers
A standard Oregon homeowners (HO-3) policy bundles several coverages. Note what’s not included — flood and earthquake always require separate policies.
| Coverage | What it covers | In a standard policy? |
|---|---|---|
| Dwelling (Coverage A) | The structure of your home itself | Core coverage |
| Other structures (B) | Detached garages, fences, sheds | Included |
| Personal property (C) | Your belongings — furniture, electronics, clothes | Included |
| Liability (E) | Injuries to others or damage you’re responsible for | Included |
| Loss of use (D) | Living expenses if your home is uninhabitable | Included |
| Flood / earthquake | Flood and quake damage | Excluded — separate policy |
Homeowners insurance is not legally mandated, but mortgage lenders require it for the life of your loan.
How to lower your home insurance in Oregon
Rates for the same home can vary widely between insurers in Oregon, so comparing several quotes is the most effective way to save. A few other ways to lower your premium:
- Raise your deductible if you can cover it in a claim
- Bundle home and auto insurance with one carrier
- Harden your home against local risks (impact-resistant roof, storm shutters, defensible space) for discounts
- Improve security — alarms, smoke detectors, water-leak sensors
- Avoid small claims so you keep claims-free discounts
Average premium data last verified June 6, 2026. Source: NAIC. Figures are statewide averages — your quote will differ based on your specific home.
Oregon home insurance FAQs
Common questions about homeowners insurance in Oregon
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