Average homeowners insurance cost in Portland, OR

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In Portland, homeowners pay an average annual rate of $1,544 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $1,038 less than the national average of $2,582.

Homeowners insurance rates change from one home to another. The home insurance premium in Portland depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Portland, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Portland.

Key takeaways

In Portland, homeowners insurance costs $1,544 annually.
Nationwide offers the most affordable homeowners insurance in Portland with an average annual premium of $951.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $348 higher.

Average homeowners insurance cost in Portland per month

Portland homeowners pay an average of $129 a month, based on our rate analysis. It’s $16 less than the state average of $145 and $86 less than the national average for home insurance across the United States. The price of your homeowners insurance policy in Portland may vary depending on where you live, the value of your home, and the coverage you choose.

Average homeowners insurance cost for a $200,000 house in Portland

In Portland, OR, homeowners pay an average of $1,196 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. It is important to understand that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, it is advisable to purchase flood insurance.

Average homeowners insurance cost for a $300,000 house in Portland

According to a rate analysis by Insure.com, homeowners in Portland pay an average of $1,544 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $348 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Portland by Company

Among the carriers analyzed, Nationwide is the cheapest homeowners insurance company in Portland. It’s average annual rate for Portland homeowners is $951. American Family ranks second and State Farm makes it to the third spot with an average annual home insurance rate of $1,145.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Portland and prepared a list of the cheapest home insurance providers. You can find below the Portland home insurance companies and their average annual premium.

Home Insurance Company	Annual rate
Nationwide	$951
American Family	$1,083
State Farm	$1,145
Allstate	$1,244
Farmers	$1,895
Country Financial	$2,592
USAA*	$1,459

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Portland for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.