Home to both growing cities and wooded wilderness, Oregon blends two worlds to create its own culture and has a vibe that is like nowhere else on earth. Yet there are also problems and natural risks plaguing the state, whether they come in the form of wildfires coming up from California or earthquakes shaking the state’s foundations. For these potential problems, you should get renters insurance to make sure you always have a fallback position. And to help you not break the bank while getting it, we looked into the cheapest policy providers for you.
Here are the five cheapest renters insurance providers operating in Oregon:
The Five Cheapest Quotes:
Due to the variable nature of the business, we won’t be able to write about exactly what you’ll experience or predict exactly what quote you will get. Further research on your end will be needed. However, please use the following information as a general guide for finding the right policy for you.
The number listed next to each provider is the average annual rate for a standard policy.
1) Farmers: $148
A very affordable provider in Oregon that is also able to provide excellent service and customization options to its customers, Farmers delivers the best of all worlds and in many cases should be the first choice by anyone reading this. While this may affect your price (for better or worse), you will be able to change your deductible and even the level of coverage you have for certain items or item types.
Yet while they are great, we would like to bring up the fact that you might not get perfect coverage for every category by default. You also might not have the best online experience and might be bogged down a bit by paperwork (virtual or not).
You can expect the following working with Farmers:
- A very well-trained and professional customer service team.
- A customer service experience that usually doesn’t come with policies this cheap.
- Discounts for people in certain professions (teachers, doctors, etc.)
2) Allstate: $162
A provider that can give you a great all-around policy, Allstate is another inexpensive company in Oregon that we would recommend as the option to cover most potential problems. Allstate does have a few things it’s best with, though, including water damage and flooding coverage (great if you live near the coast), providing worthwhile bundles for customers, and making the entire insurance process easy and painless on a technical level.
The human element, though, is where you might experience a few problems, as not all of their agents meet the same level of quality when it comes to service. You also will not find as many customization options as you will with other entries on this list.
You can expect the following working with Allstate:
- Optional coverages such as additional business property coverage, water damage, and identity theft coverage.
- Plenty of online tools and information if you prefer to be left to your own devices.
- An extremely stable foundation and company structure.
3) State Farm: $192
A bit more expensive than Allstate is State Farm, which is another company that can provide you with a policy that can work on a general level and fulfill the need for a simple policy. Widespread and extremely large as a company, you will also be able to rely on them to be stable in the face of nearly any shake-up or event.
State Farm’s customer service experience isn’t always positive, and there are plenty of complaints against them. Ultimately, you might just wish to see if they have anything they can offer your apartment in particular.
You can expect the following working with State Farm:
- Good expensive items, electronics, and business property coverage.
- Discounts and bundles available that might make State Farm more competitive with the previous two companies.
- Some ability to customize your coverage levels.
4) Nationwide: $325
A company that has a large reach and reputation throughout the country, Nationwide is a great choice if you are looking for customization options, a mostly strong level of coverage across the board, and aren’t afraid to spend a bit of money to get them. It might very well come down to how much you value the ability to customize your deductible and your level of coverage on specific groups of items.
What you might not get with Nationwide is strong coverage on expensive items, the amount of coverage, in general, you might be hoping for considering the price (even if it is good), or a consistent price level across the state.
You can expect the following working with Nationwide:
- A free optional assessment each year to determine if you have the best renters insurance policy available to you.
- Optional coverages including theft extension, earthquake protection, water and sewage backup damage, and additional valuables protection if you feel the need.
- Discounts and bundling options that can make Nationwide’s policies more affordable.
5) Liberty Mutual: $330
A step up from providers such as Allstate and State Farm in both coverage and in price, Liberty Mutual might be the most expensive (on average) company listed here, but with them, you also won’t have to worry in the slightest if you have the right coverage. You will have the right coverage, and you will likely have enough of that coverage. That certainty can be worth quite a bit.
What you will not wish to do without careful consideration is to get a bundle with them, as not all of their insurance offerings are created or administered equally. And depending on where you live in Oregon, you may wish to worry about a rate spike.
You can expect the following working with Liberty Mutual:
- A wide network of partner companies and organizations through which you can get a discount on your insurance policy.
- Many additional insurance products and services, even if they don’t all meet the same standards.
- Excellent online services and online claims support.
There is no shortage of companies providing renters insurance in Oregon, but making the right choice can be a tough call, and only you have the information you need to make the right choice. We recommend you start by listing your priorities and then contacting the companies listed above that appeal the most to you. Once you have some quotes and a general idea of the coverage you would be getting, it’s just a process of elimination from there. We hope that the process is painless for you and that you get the peace of mind you deserve soon.