Homeowners Insurance Cost in Oregon — 2026 Rates
Average homeowners insurance in Oregon costs $2,924/year ($244/month) for a $350,000 home — 15% above the national average of $2,543/year.
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Homeowners Insurance in Oregon — Key Facts
1. Oregon Average Premium vs National Average
Oregon homeowners pay an average of $2,924/year — 15% above the US national average of $2,543/year. For a $350,000 home with a $1,000 deductible and no discounts, expect $$1,988–$4,532/year. Monthly that's $166–$244/month.
2. Primary Risks in Oregon
Oregon homeowners face varying risks by location — wildfire risk is significant inland, earthquake coverage is a separate concern (not covered by standard policies), and flooding risk varies by watershed. Check FEMA flood maps for your specific property.
3. Oregon Insurance Market
Oregon's insurance market varies significantly by location. Properties in high wildfire risk zones may face limited insurer options and higher premiums.
Major carriers in Oregon: State Farm, USAA, Farmers, AAA, Allstate, Liberty Mutual, Nationwide
4. How to Save on Oregon Homeowners Insurance
In Oregon, consider whether your property is in a wildfire risk zone and take fire mitigation steps (defensible space, fire-resistant materials) for potential discounts. Earthquake coverage is separate and strongly recommended.
Oregon Homeowners Insurance Rates by Home Value — 2026
| Home Value | Low Estimate | Typical Range |
|---|---|---|
| $150,000 | $816/yr | $997 – $1,530/yr |
| $250,000 | $1,360/yr | $1,662 – $2,550/yr |
| $350,000 | $1,904/yr | $2,327 – $3,569/yr |
| $500,000 | $2,720/yr | $3,325 – $5,100/yr |
| $750,000 | $4,080/yr | $4,987 – $7,650/yr |
Estimates for standard $1,000 deductible, average Oregon risk zone, no discounts. Actual rates vary by insurer.
Frequently Asked Questions — Oregon Homeowners Insurance
Homeowners insurance in Oregon averages $2,924/year ($244/month) for a $350,000 home in 2026. Rates vary substantially by location — coastal and lower-risk areas average $1,988–$3,216/year, while high wildfire risk zones can exceed $4,094/year.
In Oregon, consider whether your property is in a wildfire risk zone and take fire mitigation steps (defensible space, fire-resistant materials) for potential discounts. Earthquake coverage is separate and strongly recommended.
Homeowners insurance is not required by Oregon state law, but your mortgage lender will require it as a loan condition. Without a mortgage, it remains strongly advisable — the average insurance claim is $15,000–$20,000, and a catastrophic loss can reach $200,000–$500,000. Ensure your dwelling coverage equals full replacement cost, not market value, as construction costs in Oregon have risen 30–40% since 2020.
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Oregon Insurance Quick Facts
- →State avg: $2,924/yr (15% above national avg)
- →Range: $1,988 – $4,532/year
- →Primary risk: wildfire (inland areas), earthquake risk, flooding
- →Savings potential: compare 3+ quotes to save $400–$800/yr