Homeowners Insurance in Portland, OR

For a home at Portland's median value of $581,500, we estimate about $1,150 a year — +15% versus the Oregon NAIC average of $1,003.

These are estimates, not quotes. Home figures are modeled from NAIC state averages, Census home values and FEMA hazard ratings for comparison only. We are not an insurance company or agency. How we estimate

Estimated homeowners insurance cost in Portland

Est. premium

$1,150

$96/mo · median home

Median home value

$581,500

Oregon: $477,600

Median year built

1966

Census ACS

Owner-occupied

52.0%

of households

Hazard score

61.3

state ref. 64.4

Portland's estimate reflects its home values (22% higher than the state median) and FEMA's hazard profile for Multnomah County. Many homes here are older, so roof age, wiring and plumbing updates can matter a lot at underwriting.

Natural hazard risk in Portland

FEMA National Risk Index — Multnomah County
Hazard	Risk rating	Score (0–100)	Insurance impact
Hail	Very Low	1.9	Comprehensive (car); roof claims (home)
Tornado	Relatively Low	47.4	Comprehensive; dwelling
Hurricane	Not rated	—	Comprehensive; wind/hurricane deductibles (home)
Inland (river) flooding	Relatively High	95.6	Comprehensive; home needs a separate flood policy
Coastal flooding	Relatively Low	43.4	Comprehensive; home needs a separate flood policy
Strong wind	Relatively Moderate	65.5	Comprehensive; dwelling
Winter weather	Relatively High	85.2	Collision (icy roads); frozen pipes (home)
Wildfire	Relatively Low	67.3	Comprehensive; dwelling
Earthquake	Relatively High	99.6	Home needs a separate earthquake policy
Lightning	Relatively Low	45.8	Fire and electrical damage

Scores are national percentiles of FEMA's county risk (higher means more expected loss than most other U.S. counties).

Estimated premium by home value in Portland

Dwelling value	Wood frame	Brick / masonry
$200,000	$490	$450
$300,000	$680	$625
$500,000	$1,020	$940
$750,000	$1,415	$1,300

Home Insurance Estimator

Estimated annual premium

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Per month

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Homeowners insurance by ZIP code in Portland

ZIP	Median home value	Owner-occupied	Est. premium
97206	$498,300	64.8%	$1,020
97230	$450,700	61.0%	$940
97202	$700,800	50.1%	$1,340
97219	$677,900	72.5%	$1,305
97236	$436,100	58.4%	$915
97233	$414,600	47.0%	$880
97266	$445,700	54.1%	$930
97217	$578,700	56.5%	$1,150
97211	$634,000	62.4%	$1,235
97203	$484,400	57.0%	$995
97213	$632,100	62.5%	$1,230
97212	$876,800	62.6%	$1,600
97214	$771,800	33.9%	$1,445
97220	$450,200	59.0%	$940
97209	$587,300	19.8%	$1,160
97239	$772,700	44.5%	$1,445
97215	$684,200	65.6%	$1,315
97201	$673,600	27.2%	$1,295
97216	$450,800	50.7%	$940
97232	$781,200	27.0%	$1,460
97218	$496,600	57.9%	$1,015
97221	$821,400	71.2%	$1,520
97210	$991,200	32.1%	$1,765
97205	$637,100	15.1%	$1,240
97227	$662,000	26.1%	$1,280

Homeowners insurance in Oregon · Car insurance in Portland · Insurance offices near Portland

Frequently asked questions

How much is homeowners insurance in Portland?

For a home at Portland's median value of $581,500, we estimate about $1,150 a year for a standard HO-3 policy with a $1,000 deductible. The Oregon NAIC average is $1,003.

What are the biggest natural hazards in Portland?

FEMA's National Risk Index rates Multnomah County relatively high or very high for inland (river) flooding, winter weather, and earthquake.

Does the age of homes in Portland affect insurance?

Yes. The median home in Portland was built in 1966 (Census ACS). Older roofs, wiring and plumbing can raise premiums or require inspections, while updates often earn discounts.

How we estimate this

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

Sources used on this page