Best Home Insurance in Oregon (2019)

Compare personalized Home insurance rates in Oregon

Home Insurance in Oregon

Securing the best homeowners insurance in Oregon is something every property owner wants to do, but it can be hard to know what policy is the best. Knowing Oregon homeowners requirements is a good first step, then you can learn how to find cheap homeowners insurance that meets your needs and keeps your budget in line. To do this, consider these steps.

Home Insurance Companies in Oregon

The good news is that there are numerous homeowners insurance agencies in Oregon that you can work with for your home. Your goal is to find the top-rated homeowners insurance companies in Oregon offering the right combination of quality insurance and cost. To do that, work with independent home insurance agents in Oregon. You can also find the best home insurance companies in Oregon on your own by using the following steps.

 

How to Get the Best Rates for Home Insurance in Oregon

To get home insurance in Oregon, it’s best to start with a list of available providers. To get that list, enter your zip code on this page.

 

<zipcode>Find The Cheapest Home Insurance In Your Area:</zipcode>

 

How Much Does Homeowners Insurance Cost in Oregon?

One key factor to consider when buying coverage here is knowing who offers the best rates. The cheapest home insurance in Oregon may be right for you, but to find it, you need to get home insurance quotes in Oregon for your home specifically. Before you do that, consider what you can expect to pay. The average annual premium in Oregon is $643. That’s one of the lowest in the country as the national average is $1,173.

 

<twitter>The average annual premium in Oregon is $643. That’s one of the lowest in the country as the national average is $1,173.</twitter>

 

List of Homeowners Insurance Companies in Oregon

Now, begin comparing the options available to you. To do so, enter your zip code on this page to get a list of available insurers within your local area.

How Homeowners Insurance Is Calculated in Oregon

While you work to compare policies, also consider what factors play a role in how much you will pay. Specifically, insurers determine how much risk your home presents to them and how likely you are to file a claim. They use data about your home, but also about factors such as the following.

 

<qa>1;Crime;Crime is a key factor in most states. Nationally, about 24 property related crimes occur per 1,000 residents. In Oregon, the property crime rate is 29.86 per 1,000 residents. That’s a bit more and, in some areas, can mean higher prices on coverage.</qa>

<qa>2;Weather/Climate;Climate can also play a role in the cost of home insurance especially when you live in an area of frequent storms. This area has some risk of wildfires and flooding, which can add to the cost of insurance. Yet, overall, it tends to be a lower risk than other areas, reducing your costs.</qa>

<qa>3;Home Values;The more expensive your home is, the more cost there is to your policy. The median home value in this area is $346,100. That’s well above what is the average in the U.S. In some areas, this can raise prices.</qa>

Home Insurance Requirements in Oregon

It helps to know what the requirements are for insurance in Oregon, too. The following questions can give you some insight into what will play a role in the type of policy right for your home.

Is Homeowners Insurance Required in Oregon?

State law does not require property owners to maintain coverage in Oregon. However, your lender may. There’s likely a requirement in your mortgage contract requiring you to maintain comprehensive coverage.

What Does Home Insurance Cover?

In Oregon, policies tend to provide ample protection for homes. They protect against things like fire and theft. These policies include coverage for your property and your possessions up to the dollar amount you purchase. They also include liability insurance in case someone seeks financial compensation from you due to a fall or dog bite.

Homeowners Insurance for New Properties in Oregon

If you are building or buying a new home, be sure to purchase a policy that represents the value of it. Also, be sure that it is based on the cost to rebuild your home in today’s current economic climate. That may be significantly more expensive than the market value of your home.

Homeowners Insurance for Old Properties in Oregon

Older homes in Oregon cost a bit less to insure, but these policies remain very important. Be sure to choose a policy that is updated each year to match the value of your home in today’s climate.

Renters Insurance in Oregon

Oregon law does not have a requirement for either property owners or renters to have insurance. Renter’s insurance may be something your landlord requires, though.

 

Yet, renter’s insurance is an affordable, beneficial policy to most people. It helps to cover the things your landlord’s policy to does not, such as providing protection for your possession and your liability risks.

 

<zipcode>Compare Renters Insurance in Oregon</zipcode>

 

Compare Home Insurance in Oregon by City

You may want to find the cheapest home insurance in Oregon perfect for your property. That’s a good plan, but you need to compare home insurance quotes in the area thoroughly before making a decision. Consider the largest cities in the state and the factors impacting rates there.

 

<qa>1;Home Insurance Quotes in Portland, Oregon;As the largest city by population, Portland is a thriving, urban community. About 647,805 people live here. Home values here are significantly higher at $425,700, raising insurance costs.</qa>

<qa>2;Home Insurance Quotes in Salem, Oregon;Salem is the second largest city with 169,798 people calling it home. In Salem, the median home value is $281,800.</qa>

<qa>3;Home Insurance Quotes in Eugene, Oregon;Eugene, which is down the coast a bit, is also a large community of about 168,916 people. Home values in Eugene are a bit more valuable at $310,200.</qa>

<qa>4;Home Insurance Quotes in Gresham, Oregon;A bit smaller with 111,053 people, Gresham is also a growing community. The median value of homes in this more exclusive area is $337,400.</qa>

<qa>5;Home Insurance Quotes in Hillsboro, Oregon;The city of Hillsboro, which is near Portland, is home to 106,894 people and is also growing. Home values are also significantly higher here due to the area’s proximity to Portland. The median home value is $377,700.</qa>

 

Bonus: Most Expensive Homes in Oregon

You think that home insurance in Oregon may be expensive in your area. Consider what you can expect to pay at the most expensive homes in the state.

  • A 14,000-square foot home in Sisters, at 16400 Jordan Road spanning 507 acres of land is valued at $24 million.
  • The home at County 1400 Road in Pilot Rock sits on a 35,000 property and is valued at $24 million.
  • The home at 1707 SW Schaeffer Road in West Linn has 14 bedrooms and a value of $18 million.

 

<resources>https://www.reviews.com/homeowners-insurance/oregon/;https://www.neighborhoodscout.com/or/crime;http://statesatrisk.org/oregon;https://www.zillow.com/or/home-values/;http://www.citypopulation.de/USA-Oregon.html</resources>