Oregon Homeowners Insurance Quotes
We love Oregon around here – from Portland to Eugene, sea to the mountains, and flat inland, it’s our kind of place.
Insurance Geek wants to make sure we get you the best Oregon homeowners insurance rates no matter what your needs are.
Let’s discuss all the information you need to know about your homeowners insurance premium, how it’s determined, and what you can expect to pay and get based on your situation.
We’ll also touch upon which insurance companies in Oregon to trust and how to get the best quotes, so stay tuned!
Oregon Homeowners Insurance: The Basics About the Beaver State
Before we get into the nitty-gritty on homeowners insurance in Oregon, here are some basic facts you should know about it.
Over four million people call Oregon home. What does make people love this state?
Among other things – iconic mountains, beautiful waterfalls, and the expansive coast.
The rate of homeownership in Oregon is 62.4%.
As a homeowner, you need to make sure you have insurance to stay covered in the event of storms, emergencies, or any other loss.
Like pretty much any other state in the Pacific Northwest, Oregon does see its share of harsh foggy rainstorms, bleak winters, and hail. So, it’s a good idea to get the coverage you can rely on to feel protected.
Insurance Geek is there to help all our customers who are homeowners in Oregon – either by finding you the insurance company that you need or by providing you with all the necessary info on insurance products.
But before that, let us introduce you to the insurance lingo terms you should know before you go shopping for a homeowners policy.
Understand Perils
When we talk about a PERIL, we’re describing anything that could cause a loss to your property.
Your home insurance company will provide different coverage for perils depending on your policy.
Then, if damage occurs due to a covered risk, you can file a claim and receive money for it.
Your property will be protected against those perils that are covered in your policy. You can always check your policy declarations page for a full scoop of what it includes.
Or – you can have an Insurance Geek check that information for you if you send us your policy.
Back to the perils – that is, risks – that are common in the state of Oregon.
Frequently, drainage systems can back up into your house and cause water backup and other damage.
Most of the time, a PERIL describes a weather event such as:
- Ice
- Tornadoes
- Supercell storms
- Wind and hail damage
But, in our experience, more abstract perils such as theft or vandalism should not be overlooked, too.
They are particularly important for your personal property coverage (we’ll get to this type of coverage in a moment).
A NAMED Policy
Getting a NAMED policy means that your house and family will be protected only against a certain peril (or perils) that are specifically stated in it.
You should get this kind of coverage if there’s a gap in your existing policy that you want to fill in.
If you’re unsure about whether your policy needs updates, our services also include assessing your current coverage and finding you the best options and providers for insurance products you need.
An ALL PERIL Policy
ALL PERIL kind of coverage protects you and your property from all of the perils unless otherwise stated. That is, a peril would have to be specifically excluded from your insurance if you go with an ALL PERIL protection.
Thus, this option provides a much broader scope of coverage and protection.
What is the Best Option for Homeowners Insurance in Oregon?
Our experience tells us that an ALL PERIL policy is the preferred type of insurance in Oregon.
It’s beneficial because it pays out for the majority of the risks – even the ones you may not have anticipated.
ALL PERIL coverage parts of a policy can assist in recovering expenses of major damage in the event of a major storm or other weather events.
We work with homeowners insurance companies in Oregon that can provide the best type of coverage – just run our quote engine down below!
How are Premiums Determined in Oregon?
Oregon homeowners insurance is about 2% less than the national average cost per year, though do keep in mind that some other factors will affect your premium in addition to the state you live in.
Homeowners insurance costs and homeowners insurance rates will also vary from one insurance company to another.
That’s why we work closely with you to find you the company that offers the most affordable rates for the products you wish to purchase for your state.
Furthermore, your premiums may be affected by a lot of other elements:
- The construction materials of your home,
- the crime rate in your area,
- age of your home,
- how close your home is to a business,
- whether or not you’ve reported a loss within the last five years (in other words, whether a file has already been claimed),
- the amount of deductible,
- your credit score, etc.
These are just a few factors to consider. To get a complete overview of the rates and premiums you’d pay, it’s necessary to obtain quotes from insurance companies.
We can do this for you if you tell us your state, ZIP code, and some basic info about your house.
Get Home Insurance Quotes Today
All this information may seem too complicated, which is completely understandable.
That’s why we have come up with a way to make the whole matter of getting a home insurance policy and finding the right company much easier for you:
You’ll find our quote tool on this page.
Simply click the button and fill out your information – things like the location of your home, state, and ZIP code – and then some details about the condition of your house.
We’ll set you set up right away! We contact the top insurance providers and generate the quotes directly from them.
In that way, you get a precise overview of the homeowners insurance policy rates you would pay with different companies.
Our carriers are the most renewed home insurance companies in the U.S.
It is important to compare different rates and services and then decide which company has the best offer for you.
We can’t wait to work with you and match you with your perfect policy and company!
Our agents are there for any additional questions on home insurance products and services you may have.
Discounts
You’ll never run out of ways to save on Oregon homeowners Insurance coverage.
One of the best ways to save is to pay a year’s premium in full upfront.
Also, a great way to save is bundling up different kinds of policies with the same company. For instance, you can get life & home insurance or auto insurance bundles in addition to homeowners insurance.
Existing fire alarm and security systems are another way to get discounts with some companies.
You can find out how much you can save by taking a look at our quote tool, so we can connect you with the best possible company for your specific needs!
Do You Need Homeowners Insurance in Oregon?
If you are reading this, it is very likely that you are a homeowner in Oregon, and the answer is: Yes, you need home insurance!
It prevents any stressful financial situations you or your family could get into, at the same time protecting your most valuable asset – your home.
All homeowners need home insurance in Oregon.
You don’t need to get homeowners insurance just for starting out with a new home or moving. It’s always a good idea to keep your eyes on better rates.
We can assess your existing homeowners insurance policy and tell you whether another insurance company has a better deal.
Another reason to get insurance is that your mortgage lender will require you to have it in most cases.
What Does Homeowners Insurance Policy Include?
Not every home insurance policy will provide the same coverage. It depends on the deal that you get as well as on the insurance company.
Home Insurance Coverage Options
Most often, policies will include the following home insurance coverage options:
Coverage A – Dwelling Coverage
The dwelling coverage of your insurance covers the actual structure of the house with all its parts (roofing, floors, walls), etc.
It should be based on the replacement cost of your home.
In practice, replacement cost means that the dwelling coverage portion should pay for rebuilding or repair of your house in its present state and using the same materials – not for its market value.
Coverage B – Separate Structures
The replacement cost of your home for the dwelling amount does not entail separate structures, i.e., those that are detached from your house.
These can be things like mailboxes, gazebos, fences, garages, etc., that could all get damaged as a result of a peril.
Coverage C – Personal property
In addition to the physical structures, your home insurance protects your personal property, too.
Personal property coverage encapsulates things like your appliances, furniture, and clothes in your home that are at risk should an accident happen or in case of burglary.
In our experience, homeowners often get additional coverage for their valuables – jewelry, art, antiques, and such – because the limit for this portion of the policy is not enough to cover it all.
Different insurance companies will offer different kinds of additional policies for this purpose.
For example, Safeco and Nationwide are one of the many insurance companies we work with, and they provide Valuable Articles Coverage and Valuables Plus, respectively.
Coverage D – Loss of Use
When your home is uninhabitable for a certain period, it’s inevitable that you’ll face additional living expenses. These range from the place where you are staying to transport and dining in restaurants.
Your homeowners insurance can settle those expenses, too, on the grounds that you have loss of use coverage.
Bear in mind that you’ll be required to show proof of higher average expenses during that timeframe, so you should save the bills and other documents that show how much money you had spent.
Coverage E – Personal Liability
Liability insurance protects you against lawsuits that arise due to accidents that have happened on your property – bodily injuries, damage to others’ property, etc.
Sometimes, personal liability coverage also pays for expenses if you’ve been found liable for libel or slander.
Coverage F – Medical Payments
Medical payments, or MedPay coverage, accounts for minor injuries that may happen to other people at your property, whether you are at fault or not.
Limits for this portion of your policy are usually low because they cover immediate medical bills that may arise – things like the ambulance ride, the cost of treatment, etc.
What Does an Insurance Policy not Include?
As much as homeowners insurance is a great investment, it will not account for all of the needs you may have.
So, while at it, you might want to consider purchasing other types of policies that it does not include:
Life Insurance
In addition to homeowners, life and health insurance is something you should look into.
If you are interested in learning more info about it, you can check out our articles on types of life insurance and the best life insurance companies.
Auto Insurance
When you have auto insurance, you won’t have to pay out of your pocket if a peril that damages your home causes damage to your vehicle, too.
So – auto insurance is not something to be overlooked, not just when you are on the road but also when your car is parked!
Flood Insurance
Flood insurance is not included in your regular policy, and you can purchase it separately through a separate insurance program.
However, some companies will allow you to add endorsements that protect you against water damages.
Both Safeco and Nationwide offer protection for drainage and water backup as well as sump pump failure.
Identity Theft Protection
In this day and age, identity theft is a growing issue, and to be 100% protected, you should consider getting this kind of coverage or similar policies that protect you online.
To learn what options there are, you can contact our customer service, and an Insurance Geek will gladly help out!
Top Cities & Metro Suburbs in Oregon for Homeowners
Our clients from Oregon come from all over the state, including the biggest cities, such as:
- Portland
- Salem
- Eugene
- Hillsboro
- Gresham
- Bend
And also from the top suburbs in Oregon:
- West Linn
- Beaverton
- Clackamas
- Tigard
- Tualatin
- Sherwood
- Wilsonville
- Aloha
- Milwaukie
We offer homeowners insurance through Nationwide and Safeco.
These are carriers we truly trust, and we work closely with our customers to ensure we find them the best possible deal based on premium and coverage needs.
Oregon Homeowners Insurance: FAQ
Q: How much does home insurance cost in Oregon?
A: The rates in Oregon are slightly lower than in other states because the weather conditions and risks are less extreme than in some other states. The state average cost per year is around $776 in Oregon. The rates are higher in bigger cities and depending on other factors, such as the condition of your home.
Q: Who has the best homeowners insurance?
A: As of now, Nationwide and Safeco have the best homeowners insurance with varied options, affordable rates, and excellent customer service.
Final Words
You are equipped with all the information you need to obtain a home insurance policy in Oregon.
Share your location and ZIP code by using our tool to generate the cheapest quotes from homeowners insurance companies, and let us know if there’s anything else our agents can help with!
You see – we have a lot of experience with these things – so we’ll gladly answer any questions you may have about our insurance policies, providers, or quotes in your state.
Until next time!