The 4 Best Oregon Homeowners Insurance Companies

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The mild Pacific Northwest climate in Oregon makes it one of the states with the lowest risk of natural disasters. As a result, the Beaver State is also one of the cheapest states for homeowners insurance — the average annual premium being just $567, significantly less than the national average of $1,034.

Although Oregon rates are typically low, you should still do your research to determine what specific coverage you can afford for your home at the best price available. We’ve outlined the top providers for cheap Oregon homeowners insurance below and included a quote tool so you can compare policies and prices to get the most bang for your buck.

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

Allstate

If you’re looking for a cheap policy with loads of perks, Allstate is a great option. Not only does Allstate provide standard coverage for every type of dwelling, the company also offers add-on protections to insure the things that matter most to you. With an Allstate policy, you can choose additional coverage for musical instruments, sports equipment, jewelry, and even online data — so you can have peace of mind knowing your valuables are safe.

Allstate offers premium discounts for new customers and retirees, as well as those for bundling your policy, insuring a new or recently renovated homes, and adding safety features to your dwelling.

Where Allstate rises above its competitors, however, is in the online and mobile resources available to customers. The online portal offers exclusive articles, tips, and videos to help answer any questions you may have pertaining to homeownership. Allstate’s Premium Gauge tools allow you to see how different variables, like the age of your home or installing a fire alarm, impact your premium amount. The Home Inventory tool helps you keep track of your covered possessions to eliminate the guesswork if you must file a claim. If you need to manage your policy, the Allstate mobile app allows you 24/7 access to do so.

American Family

American Family is a popular choice for Oregon homeowners because it provides some of the cheapest policies available with numerous unique coverage options. A standard policy from AmFam protects your home from property damage caused by fire, smoke, vandalism, theft, hail, and lightning. Add-on coverages include personal liability and injury protection as well as benefits for home-business owners like those running day cares or operating offices.

American Family extends discounts to loyal customers who have stayed with the company for five years or longer, as well as to any customers who have been claim-free for at least six years. Other premium discounts include those for various policy bundles, home security and fire protection device installation, retirees, newer homes, and homes with impact resistant roofs.

Check out the AmFam website to see which discounts you may be eligible for and visit its Learning Center for additional home protection resources and tools.

State Farm

State Farm provides coverage options for just about every type of dwelling — including single-family homes, condos, manufactured homes, and farms and ranches. Keep in mind, however, that State Farm only issues coverage on a case-by-case basis if your Oregon home is older than average.

In addition to broad coverage, State Farm also offers customers a wealth of information and assistance via its online and mobile resources. You can manage your policy and pay your bill using State Farm’s Pocket Agent app; use the HomeIndex tool to keep an inventory of your valuables, and navigate through difficult financial decisions using one of State Farm’s many calculator tools.

While coverage purchased through State Farm is typically cheap and there are standard discounts available for premiums, certain price breaks that are common to other providers are not offered. State Farm does not provide discounts for new homes or those that have been recently renovated, so if you fall into that category, we’d suggest using the quote tool to compare policies with another provider before making a final decision.

Safeco

Safeco isn’t as widely available as some of its competitors, but the company offers some of the cheapest rates and flexible policy options in Oregon.

With Safeco, if you bundle your home and auto policies, you not only receive a discount on your premium but you can also take advantage of the single-loss deductible option in the event that your vehicle and home get damaged in the same incident. This means that once you’ve satisfied your deductible payment on your homeowners insurance policy, you are exempt from paying the deductible on your auto policy.

Safeco also offers different payment installment options, which is a convenient feature for customers who receive irregular paychecks. In addition to standard policies, Safeco also offers add-on coverage options like identity theft protection for an additional $1 per month, and equipment breakdown coverage, which replaces any covered appliance with an Energy Star-rated version, for an additional $2 per month.

Safeco’s Do More is another notable feature offered to customers. This online resource center allows you to take a home inventory, determine the proper amount of coverage for the specific conditions of your home, and prevent disaster from happening by offering safeguarding tips and precautions.

The 4 Best Oregon Homeowners Insurance Companies

  • Allstate
  • American Family
  • State Farm
  • Safeco

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

For more information on insuring your home, take a look at our guide to homeowners insurance or browse our insurance archives.