Our editorial team analyzed regional and national home insurance companies that sell policies in Portland to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
Home insurance in Portland, Oregon, averages $1,206 annually for a policy with $300,000 in dwelling coverage and a $1,000 deductible. This is slightly less than the Oregon home insurance average of $1,268 for the same coverage. Portland is at risk for wildfires, flooding, earthquakes, and landslides.1 2 3 4
For these reasons, it may be wise to explore coverage add-ons when comparing home insurance prices to ensure your home is sufficiently protected.
Best home insurance companies in Portland
Portland homeowners have many quality home insurance companies to choose from. The best home insurance company for you depends on your coverage needs and budget.
Best company for cheap rates: Capital Insurance Group
Best company for flash flooding coverage: American Family
Best company for earthquake coverage: Nationwide
Cheapest home insurance companies in Portland
Capital Insurance Group offers some of the cheapest home insurance premiums in Portland, averaging $621 annually for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
The following table highlights prices for $300,000 in dwelling coverage with a $1,000 deductible from several insurance companies.
How much is home insurance in Portland?
The average cost of home insurance in Portland, Oregon, is $1,206 per year, or $100 per month, for $300,000 in dwelling coverage with a $1,000 deductible.
Premiums can vary based on factors such as your ZIP code, deductible, type of coverage, the insurance company you choose, and how much insurance you need.
Cost of home insurance by dwelling coverage in Oregon
Dwelling coverage protects the physical structure of your home, including attached structures like a garage or porch. Premiums increase with higher dwelling coverage limits, but it’s essential to ensure you have enough coverage to rebuild your home if needed.6
The table below shows average annual premiums for different dwelling coverage limits, each with a $1,000 deductible.
Cost of homeowners insurance by deductible amount
When you submit a homeowners insurance claim, you’ll pay a deductible before your insurance kicks in.
Your deductible is one of the factors affecting your monthly premium. Generally, the higher your deductible, the lower your premium. When choosing a deductible, consider how much you can afford out of pocket if you need to file a claim.
The following table shows the difference in premiums between a $500 deductible and a $1,000 deductible for a policy with $300,000 in dwelling coverage in Portland.
Average cost of home insurance in other cities in Oregon
The city you live in — and even different ZIP codes within the same city — can affect your home insurance premiums. For instance, homeowners who live in cities prone to flooding or wildfires likely have higher premiums. Conversely, homeowners who live near a fire station or in a town with low crime rates may have lower premiums.
The table below highlights average annual home insurance premiums for $300,000 in dwelling coverage with a $1,000 deductible in several Oregon cities.
What to know about owning a home in Portland
These are some of the risks to be aware of as a homeowner in Portland:
Portland home insurance FAQs
For more information about home insurance in Portland, see the answers below to some frequently asked questions.
The average monthly cost of home insurance in Portland is $100 for a policy with $300,000 in dwelling coverage and a $1,000 deductible. Your rates may vary based on factors like your home’s age and construction, your ZIP code, your deductible, and the type of insurance you choose.
Capital Insurance Group offers the cheapest home insurance in Portland, at $621 per year for $300,000 in dwelling coverage with a $1,000 deductible, according to Insurify data.
The 80% rule for home insurance states that you need to buy enough insurance to cover at least 80% of your home’s replacement value if you want your insurance company to cover the full cost of repairs when you file a claim.
Common risks for homeowners in Oregon include wildfires, flooding, and landslides. A standard homeowners policy covers damages from wildfires, but you may need to buy additional insurance to protect your home against flooding and landslides.
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