Updated: December 4, 2024
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American Family is the best home insurance provider in Oregon for its balance of cost and service. Nationwide excels in affordability and is is particularly suitable for homeowners of new homes.
Unless specified, quotes are based on a $100,000 dwelling coverage limit. The amount of dwelling coverage you need directly affects your premium. MoneyGeek also evaluated the cheapest home insurance in Oregon, prioritizing cost over service quality.
In Oregon, Nationwide stands out as the best overall homeowners insurance provider, with a MoneyGeek score of 89 out of 100, emphasizing affordability at an annual cost of $521. American Family is the runner-up, scoring 83 out of 100 and offering comprehensive service at $636 per year. Both providers deliver a strong balance of cost and service quality, making them solid choices depending on specific homeowner needs.
In Oregon, Capital Insurance Group stands out as the cheapest homeowners insurance provider, with an annual premium of $441. Nationwide follows as a close runner-up, offering competitive pricing alongside commendable service, making it an attractive choice for cost-conscious homeowners seeking affordability and quality.
In Oregon, the best homeowners insurance provider for customer service is American Family, with a MoneyGeek score of 87 out of 100. The runner-up is Nationwide, which scored 83 out of 100. Choosing a provider with excellent customer service ensures a smooth claims process and peace of mind.
Why Trust MoneyGeek? We diligently analyzed information from the Oregon Department of Insurance and data provided by Quadrant Information Services to pinpoint the top homeowners insurance options in Oregon.
Home insurance rates in Oregon represent the latest quotes as of July 2024.
Nationwide offers the best home insurance in Oregon.
In Oregon, a host of companies deliver varying levels of cost and service. It's important for you to find the right mix of affordability and quality service to suit your individual needs and ensure peace of mind for your home.
Nationwide leads the Oregon market in coverages, providing homeowners with comprehensive protection for their properties. With an average annual premium of $522, it offers a cost-effective solution for home insurance.
Nationwide's earthquake coverage affords homeowners financial protection against quake-induced damages. This policy is particularly pertinent given the geographic location of Oregon, which is prone to seismic activity. Furthermore, Nationwide’s equipment breakdown coverage ensures that appliances and home systems are repaired or replaced in case of mechanical or electrical breakdowns, mitigating out-of-pocket expenses for homeowners.
The best home insurance in Oregon in terms of service quality is from American Family.
Valuing service quality in a home insurance provider means prioritizing customer satisfaction and reliable support. Homeowners should opt for providers that offer high-quality service to ensure a smooth claims process during stressful times, like after a storm damages their home.
American Family has a perfect customer satisfaction score, reflecting exceptional service quality. Homeowners enjoy an average annual premium of $636.
With American Family's equipment breakdown add-on, appliances and home systems get protection against unexpected failures. Additionally, the declining deductible coverage rewards homeowners by reducing their deductible over time, a benefit that can lead to significant savings during claims.
Nationwide is the best home insurance in Oregon if you're on a tight budget.
The most affordable premium doesn't always equate to superior service. Considering the average cost of home insurance in Oregon, savvy homeowners should seek a balance between a reasonable price and reliable service.
Nationwide has a high affordability score, alongside an average annual premium of $521. It stands out with its various discounts to help lower premiums, including common discounts for bundling policies and installing protective devices.
Its scheduled personal property coverage ensures valuables are protected beyond standard limits, and its equipment breakdown coverage safeguards against losses from mechanical or electrical failure.
American Family is the top home insurance provider in Oregon for owners of expensive homes. These providers are the best for homes requiring $1 million in dwelling coverage:
Considering the higher coverage needs and associated costs of expensive homes, choosing a provider that delivers an optimal mix of affordability and comprehensive protection is important.
American Family is the best home insurance provider for expensive homes in Oregon, with a high affordability score and an average annual premium of $2,771. Making use of discounts like bundling auto and home insurance can further reduce the cost, especially vital for high-value properties that need more robust coverage.
American Family offers equipment breakdown and cyber event/ID theft add-ons. Equipment Breakdown covers the repair or replacement of appliances and home systems, while cyber event/ID theft provides assistance and financial support in the event of cybercrimes affecting your personal data.
Nationwide offers the best home insurance in Oregon for new homes.
Nationwide has high affordability and customer service scores, assuring homeowners of a solid balance between cost efficiency and dependable service.
Nationwide is the best home insurance provider for new homes in Oregon, earning a perfect affordability score and offering an average annual premium of $654. Its guaranteed replacement cost coverage pays up to two times the policy limits for rebuilding your new home after a total loss.
Nationwide offers a variety discounts, which include a home renovation discount for updating electrical, plumbing, heating or cooling systems, and a smart home discount for installing qualifying devices that enhance home safety and security. These savings opportunities encourage homeowners to improve and modernize their properties.
In Oregon, USAA has the best homeowners insurance for veterans, offering policies exclusively to military members. USAA's annual premiums are affordable at $614.
Choosing the best homeowners insurance is important for veterans, who understand the necessity of flexibility due to frequent relocations and deployment. The right company offers comprehensive home and property protection under varying circumstances.
USAA exclusively caters to military members and their families, with high affordability and claims handling scores, plus an average annual premium of $614. Its personal property replacement cost ensures your belongings are replaced without depreciation, safeguarding your investments.
USAA offers unique savings for veterans, including a connected home discount for using smart home technology and a loyalty savings for long-term members, promoting safety and rewarding commitment.
The best homeowners insurance providers excel in combining quality and price, ensuring that their clients receive exemplary customer service and comprehensive coverage without exorbitant premiums.
Your specific requirements, whether they pertain to the value of your home, location or personal possessions, define the ideal homeowners insurance for you. Our guide can help:
Determine the level of coverage appropriate for your property, considering factors like location, property size and personal possessions, to know how much home insurance coverage you need.
Examine the range of insurance carriers by checking their reliability, customer service records and available discounts. Look for providers that have a strong reputation in your area and specialize in the coverage options that align with your specific needs.
Gather quotes from different insurers to evaluate the balance between the extent of coverage and the associated cost. Utilize tools to compare home insurance quotes to ascertain the best value for your investment.
Scrutinize the fine print of each policy, focusing on deductibles, coverage limits and exclusions. Ensure you comprehend how different scenarios would be handled and what your financial responsibilities would be in the event of a claim.
Engage the expertise of an independent insurance agent who can provide unbiased advice and assist you in selecting a policy that fits your specific requirements. They can help navigate complex policy terms and advocate on your behalf.
Oregon does not mandate flood insurance for its homeowners. Nevertheless, securing flood insurance in Oregon is beneficial for coverage in flood-prone areas.
Selecting the ideal homeowners insurance provider in Oregon hinges on your specific requirements. These answers can guide you towards the best insurance options available.
Nationwide offers the best overall home insurance in Oregon, with an overall score of 87 out of 100 and an average annual premium of $521.
Nationwide offers the cheapest homeowners insurance in Oregon, with an average annual premium of $521. Homeowners may further reduce their costs if they qualify for discounts.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
