Best renters insurance in Oregon

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As per Insure.com study, Nationwide is the top-rated renters insurance company in Oregon, with a J.D. Power Score of 859 and an AM Best Rating of A+.

Nationwide

Nationwide comes in first place, with a J.D. Power Score of 859 and an AM Best Ratings of A+. The company also maintains an average rating of 4.5. Here are the more details about Nationwide:

Pros:

• Offices across the country
• Offers a wide array of discounts
• High auto and home bundling discount of 22%

Cons:

• Not available in every state

State Farm

State Farm comes in second place, with a J.D. Power Score of 836 and an AM Best Ratings of A++. The company also maintains an average rating of 4.

Pros:

• Large variety of policy offerings
• Big company with many available agents across the nation

Cons:

• Limited discounts aside from home and auto bundle
• Could improve the digital experience for customers
• Rates aren’t the lowest

How much is renters insurance in Oregon?

Renters insurance costs in Oregon varies depending on various factors, including the coverage amount, insurance company, and individual circumstances. But, the average renters insurance cost in Oregon is $254 per year or $21 per month for coverage limits of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates and actual premium costs may differ.

Renters insurance calculator in Oregon

Select your state

Oregon

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Personal property coverage

Covers your personal belongings, such as your furniture, electronics, clothing, artwork, etc. Choose the amount you believe would cover all of your belongings.

$40,000

$20,000 $40,000 $60,000

Liability

Covers the medical expenses of people who are hurt while in your home or on your property, as well as damage you caused to others’ property. Also covers legal fees if you are sued by someone hurt in your home or on your property. Limits of $300,000 or $500,000 are recommended.

$100,000

$100,000 $300,000

Deductible

Choose the amount you want to pay out-of-pocket before insurance kicks in. This applies to your dwelling and personal belongings claims.

$1,000

$500 $1,000

Calculate

Low cost renters insurance companies in Oregon

Allstate offers affordable renters insurance in Oregon at an average annual rate of $175 followed by State Farm and Nationwide, based on Insure.com’s analysis.

But it’s smart to get multiple quotes for various renters insurance companies in Oregon because the prices vary a lot among carriers.

Below we have compared the average annual and monthly renters insurance rates of insurance companies across Oregon.

Renters insurance rates vary from one city to another. But with Insure.com, finding the right renters insurance policy is easy. Learn more about renters insurance costs for different cities below.

Average cost of renters insurance in Oregon by coverage level

As we discussed above, in Oregon, the average cost of renters insurance is $254 per year. These rates are for the coverage level of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible.

However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $185 per year for renters insurance in Oregon for $300,000 in liability protection and $1000 deductible.

Find below the average cost of renters insurance in Oregon for personal property coverage of $20,000 and $40,000.

Most affordable ZIP codes for renters insurance in Oregon

How much Oregon renters pay for insurance majorly depends on the ZIP code they live in. 97003 is the most affordable ZIP for renters insurance in Oregon among all the ZIP codes analyzed, at about $240 a year on average.

Rates vary based on the zip code, that’s why comparing quotes is one of the easiest ways to get the best deal on renters insurance in Oregon.

Least affordable ZIP codes for renters insurance in Oregon

Your zip code, among other factors, affects how much you pay for renters insurance in Oregon. 97480 is the least affordable zip code for Oregon renters at an average cost of $273 a year or $23 monthly.

We have analyzed quotes from the major insurance carriers across all the zip codes in Oregon. Below are the average annual renters insurance costs by ZIP code.

Renters and auto bundle discounts in Oregon

If you’re looking for ways to trim costs on your insurance premiums, consider purchasing renters and auto insurance from the same company.

Bundling policies can help you save an average of 19% per year in Oregon. State Farm offers the cheapest rate on renters and auto insurance bundle, you can save 34% a year on your premiums.

Final thoughts: Average renters insurance in Oregon

Renters insurance is a must-have for renters in Oregon. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters.

To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. Consider factors like coverage options, deductibles, and customer reviews in addition to price.

Methodology

Insure.com commissioned Quadrant Information Services to gather renters insurance rates for all available ZIP codes in Oregon. These rates include a coverage limit of $300,000 for liability coverage, personal property coverage ranging from $20,000 to $40,000, and a $1,000 deductible, with credit tier alignment specified as good/none.

Explore other insurance options in Oregon

Average homeowners insurance cost in Oregon

Average car insurance cost in Oregon

Non-owner auto insurance in Oregon

Shivani Gite

Contributing Writer

 

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Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.

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