Homeowners Insurance in Oregon

The average Oregon homeowners premium is $1,003 a year (NAIC) — ▼ −42% versus the U.S. average of $1,737, ranking 50th of 51.

These are estimates, not quotes. Home figures are modeled from NAIC state averages, Census home values and FEMA hazard ratings for comparison only. Real premiums depend on the insurer, the home, its roof and claims history. We are not an insurance company or agency. How we estimate

Average homeowners and renters insurance in Oregon

Homeowners (HO-3)

$1,003

NAIC average / year

Renters (HO-4)

$160

U.S. $173

Median home value

$477,600

Census ACS

FEMA expected loss rating

Relatively Moderate

all natural hazards

NAIC averages cover standard owner-occupied (HO-3) policies. Premiums scale with the cost to rebuild, so Oregon's median home value of $477,600 and its exposure to wind, hail and wildfire explain much of the difference from other states.

Natural hazard risk in Oregon

FEMA National Risk Index — expected annual loss by hazard (state level)
Hazard	Expected loss rating	Score	Expected annual loss
Hail	Very Low	22.6	$3,881,213
Tornado	Relatively Low	20.8	$5,959,229
Hurricane	Not rated	—	—
Inland (river) flooding	Relatively Moderate	53.6	$851,511,794
Coastal flooding	Relatively Moderate	62.2	$18,754,995
Wildfire	Relatively High	86.3	$126,341,823
Earthquake	Relatively High	96.4	$1,197,519,723
Winter weather	Relatively Moderate	42.9	$5,368,726
Strong wind	Relatively Low	35.9	$15,243,786
Lightning	Relatively Low	23.1	$10,748,610

Standard homeowners policies exclude flood and earthquake; both need separate coverage. Wind and hurricane damage is covered but often with a separate percentage deductible in coastal states.

Home Insurance Estimator

Estimated annual premium

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Per month

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Estimated homeowners insurance by city

For a home at each city's median value, standard frame construction and a $1,000 deductible. The lowest estimate is in Medford ($905) and the highest in Bend ($1,455).

City	Median home value	Median year built	Hail / wind	Est. premium
Portland	$581,500	1966	Very Low / Relatively Moderate	$1,150
Salem	$416,900	1980	Relatively Low / Relatively High	$935
Eugene	$460,400	1980	Very Low / Relatively Moderate	$990
Gresham	$458,700	1981	Very Low / Relatively Moderate	$955
Hillsboro	$521,100	1997	Very Low / Relatively Moderate	$1,065
Bend	$718,400	2001	Relatively Moderate / Relatively Low	$1,455
Beaverton	$569,800	1987	Very Low / Relatively Moderate	$1,145
Medford	$417,100	1984	Relatively Low / Relatively Low	$905

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Frequently asked questions

How much is homeowners insurance in Oregon?

NAIC data puts the average Oregon homeowners (HO-3) premium at $1,003 a year, ranking 50th of 51 (1 = most expensive). The national average is $1,737.

How much is renters insurance in Oregon?

The NAIC average renters (HO-4) premium in Oregon is $160 a year.

What natural hazards affect home insurance in Oregon?

FEMA's National Risk Index rates Oregon relatively high or very high for expected annual losses from wildfire and earthquake. Standard homeowners policies exclude flood and earthquake, which need separate coverage.

Does homeowners insurance cover floods in Oregon?

No. Standard homeowners policies exclude flood damage. Flood coverage is sold separately through the National Flood Insurance Program (NFIP) or private insurers.

How we estimate this

We start from the NAIC average homeowners (HO-3) premium for the state, scale it by the ratio of the home value to the state median home value (Census ACS), adjust for construction type and deductible, and apply a hazard factor from FEMA National Risk Index scores for the county relative to the state. Results are rounded estimates, not quotes. Read the full methodology.

Sources used on this page