Who Has the Cheapest Homeowners Insurance Quotes in Oregon?

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This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Article Approved By Banking Expert

This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Oregon is one of the most popular places to move to in recent years, and we understand why. Yet we also understand that there are threats such as fires, storms, and crime to be worried about, which can set a person back years if they don’t have a backup plan. We think a homeowners insurance policy is the best plan, and that’s why we recommend every homeowner get one. If you’re wondering where to start looking or where you can get a cheaper plan, don’t worry, as we’ve already done the legwork for you.

Here are the four cheapest homeowners insurance providers operating in Oregon:

The Four Cheapest Quotes:

We would like to note that insurance has many variables to it, and your rate and the rate of someone even down the street will be different. We ask you to consider this information as a general guide as opposed to a prediction of your exact future experience.

The number listed next to each provider is the average annual rate for a standard policy.

1) State Farm: $823

The cheapest option in Oregon, as it is in the much of the rest of the country, is State Farm, one of the largest insurance companies in the country (if not the largest) and well-known for providing customers with simple yet effective plans of all types. A homeowners insurance plan from then will be understandable, cover all the main threats, and not break the bank. For most homeowners, it’s simply the best choice.

However, a lower cost usually means a tradeoff somewhere, and for State Farm, that means you won’t have as many customization options to work with. Further still, you won’t find many discounts except for the most rudimentary from State Farm, which means other companies may still be cheaper when the final

You can expect the following working with State Farm:

  • An excellent online platform and quoting system to make the entire insurance experience easier for you, whether searching for it or managing your existing policy.
  • The benefits of working with one of the largest and most experienced providers of insurance in the country.
  • A wide network of agents to help you sign up, which means you’ll be able to get a policy easily no matter where you live.

2) Nationwide: $857 

Only slightly more expensive (and for many people less expensive after discounts are considered) is Nationwide, an all-around excellent provider that is known for being able to provide flexible plans that you can customize to the needs of your home. And with the support to make sure you’re getting the best plan possible at all times and to ensure that you feel like your home is protected, Nationwide can be a great choice for homeowners looking for a policy that locks away the threat of the unknown.

Yet while Nationwide is cheap, there is a heavy cost to each optional policy you get from them, which are more expensive than what you pay for equivalent coverages from competitors. While they’re the second cheapest company by our metrics, the truth by your final customized policy may tell a different tale.

You can expect the following working with Nationwide:

  • Discounts available for people who install protective devices, remain claim-free, have made a recent home purchase, bundle different policies, and more.
  • Additional flood, earthquake, water backup, and identity theft coverages available. Enhanced home replacement and valuables coverages are available as well.
  • An excellent plan if you need to replace or repair damaged or stolen items.

3) Allstate: $1,207

Allstate is a widespread insurance company that tackles just about every type of insurance, and their homeowners insurance plans stand out for often having aspects to them not often found elsewhere. Those optional coverages are the selling point alongside the fact that they are an excellent choice for owners of older homes and those who want to bundle their policies. If a quote is affordable for you, see what you can get from them.

The main problem we found with Allstate, especially given the average annual rate, was the poor customer service. The agents and service representatives are generally hit or miss, with quite a few reports of slow response times or agents being too pushy about upgrading your coverages.

You can expect the following working with Allstate:

  • Fantastic mobile and online platforms you can handle your insurance business on, and plenty of resources and tools to help you understand any concepts or answer any questions
  • Optional coverages including water backup, garden and landscaping, business property, identity theft restoration, scheduled personal property, and others.
  • Plenty of different discount options, including ones for installing safety measures, going claim-free, signing up with Allstate before your current policy expires, and a discount for your first few years with them.

4) Farmers: $1,245

A company known for its homeowners insurance policies, Farmers is much like Nationwide in that they have plenty of options for customers and customizability within your policy. However, Farmers goes the extra mile by also striving to provide some of the best customer service in the industry. The cost is higher, but we know that many homeowners will find the better experience to be worth it.

Moving onto the negatives, Farmers might be a solid choice starting out, but not every customer is satisfied with their policy throughout the duration of their relationship with Farmers. Some customers experienced rate spikes after some time, and others found that their coverage levels weren’t as high as they hoped. Just be careful, and you can get an excellent plan.

You can expect the following working with Farmers:

  • Three base packages to choose from, each of them customizable to some extent.
  • Options specifically for people looking for coverage for their townhomes, condos, and other types of housing.
  • Coverage for trees, shrubs, and other types of landscaping, which is great for homes with big yards or valuable plants.

Conclusion

There is no shortage of reasons to move to Oregon, but there is also no shortage of threats you need to prepare your family and your home for as well. Homeowners insurance is your best option, and its affordability here means there should be no delay in your search for a policy. We hope the above information allows you to make your choice more easily and that you find the perfect fit for your home. Just take some time to list out your priorities and don’t be afraid to do some comparison shopping, and you can’t go wrong.