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Home Insurance and Car Insurance in Oregon
Oregon homeowners and drivers know that insurance is a nonnegotiable consideration in the Beaver State. But buying home and car insurance can sometimes feel like an overwhelming task, especially if you’re new to the process. Even if you’ve had home and auto insurance for a while, you may be dissatisfied with your current premiums. That means it’s time to shop around. With hundreds of insurance companies available to choose from and plenty of options for coverage, where do you start?
Whether you’re a brand new home or car owner or simply looking for a better deal, SelectQuote makes it easy to shop for and save money on your home and auto coverage. We compare rates from trusted carriers in Oregon to help find you the coverage you need at the right price, and can even help you save hundreds of dollars with a bundled policy.
Homeowners Insurance in Oregon
Why do you need home insurance in the Beaver State? Whether it’s fires, flooding, or heavy snow and ice, there are plenty of potential hazards that could cause losses to your home or personal property. Home insurance is an affordable way to protect your investment and replace what matters to you. In fact, while it’s not a legal requirement to have home insurance in Oregon, most mortgage lenders won’t extend a loan to you without it.
Like many other states, Oregon home insurance policies fall under two distinct categories: replacement cost and actual cash value. These policies cover many of the same hazards, with the primary difference being the amount they’ll pay out for a covered claim:
- Replacement cost policies will pay for the full replacement of your dwelling or property without factoring in depreciation or increases in material or labor costs.
- Actual cash value policies pay for the current cash value of your home or dwelling, minus depreciation and up to your policy’s limit.
Homeowners Insurance Coverage Options in Oregon
Outside of your policy limit and the potential payout structure, homeowners policies in Oregon often include several different types of home insurance coverage:
- Dwelling coverage is a standard policy that covers your home’s actual physical structure, including any attached garages.
- Other structures coverage protects detached structures, such as pole barns or sheds.
- Personal property coverage works to cover household belongings. If it’s inside or outside your home, it’s covered.
- Loss of use coverage helps pay the costs of a hotel stay or other lodging if your house is rendered uninhabitable by a covered loss.
- Guest medical protection coverage pays for medical bills for those who are injured on your property, regardless of who was at fault.
Remember, if you have any questions about what is and isn’t covered under your policy, carefully read your declarations page or speak with a licensed agent.
Common Causes of Loss in Oregon
Weather can be an unpredictable force in the Beaver State, which means Oregon homeowners have plenty of reasons to file home insurance claims. Some of the most common covered perils that lead to loss include the following hazards:
- Weather-related damages, such as ice, wind, and tree falls
- Dead trees
- Slips and falls
- Freezing pipes
- Ice dams
- Fire and lightning
If you have questions about whether the above losses are covered under your policy, check. Nothing is worse than believing you have insurance coverage for a loss only to discover you’ll be fully responsible for the damages.
Additional Coverage Options Recommended for Oregon Homeowners
In some cases, it’s possible that a catastrophe that isn’t covered by a basic homeowner’s insurance policy may cause damage to your home or property. This risk can be compounded if you live in a state where certain perils are common, like Oregon. In fact, your mortgage company may require you to purchase one or more of the following additional coverage options, depending upon where you live and common risks:
- Flood insurance coverage: Most homeowner's insurance policies do not include flood insurance, but that doesn’t mean you don’t need it. Purchasing additional flood insurance, either through your current carrier or through the National Flood Insurance Program, can help protect you from costly damage due to flooding
- Wind and hail coverage: Wind and hail coverage can help protect your home in the event of heavy wind storms, like tornadoes, and can also offset hail damage costs.
- Water backup coverage: This coverage can pay for any losses you incur due to backed-up drains or sewer lines.
- Seepage and leakage coverage: This coverage helps pay for damage due to slow leaks or seepage from foundation cracks.
Our Home Insurance Companies in Oregon
SelectQuote works with highly rated home and auto insurance companies in Oregon and other states to find insurance policies that meet your needs. Our partner carriers are selected based on factors like customer satisfaction, financial stability, and affordable premiums.
What is the average home insurance cost in Oregon?
SelectQuote customers in Oregon pay an average monthly premium of $70.08.+ Your own home insurance rates will vary based on many different factors. These include, but aren’t limited to:
- The age and condition of your home
- Your coverage limits and types of insurance
- Your deductible
- Your credit rating
- Your location
- Applicable discounts
Homeowners Insurance Discounts in Oregon
What kind of home insurance discounts can you expect to encounter in the Beaver State? It really depends. Insurance companies can offer you significant coverage savings based on several criteria, including:
- Discounts for professionals like teachers or military service members
- New home discounts
- Home security system and deadbolt discounts
- Customer loyalty discounts
- Low or no-claims discounts
- Bundled home and auto coverage discounts
Bundle Your Home and Auto Insurance to Save Money
Bundling your home and auto insurance together is one of the best possible ways to save money on your coverage. SelectQuote customers save an average of nearly $700 per year with bundled policies.
Average Home and Auto Insurance Rates in Oregon
Curious about the savings you might see on bundled home and auto coverage? Below, we’ve listed average monthly rates for real SelectQuote customers throughout Oregon’s largest markets.
| City | Avg. Monthly Home Insurance Rate | Avg. Monthly Auto Insurance Rate | Avg. Monthly Rate of Bundled Policies |
| Beaverton | $51.71 | $131.65 | $147.66 |
| Bend | $98.10 | $135.03 | $181.91 |
| Eugene | $59.90 | $110.51 | $171.97 |
| Portland | $67.80 | $120.60 | $174.07 |
| Salem | $61.30 | $133.03 | $202.09 |
Average monthly rates are from effective SelectQuote customer policies between 4/1/2022 and 3/31/2023.
Auto Insurance in Oregon
Unlike home insurance, auto insurance is a legal requirement in Oregon. All drivers are required by the state to have a specific level of insurance coverage that will help defray medical or property damage costs from accidents they cause or are found liable for.
Oregon Auto Insurance Laws and Requirements
Oregon has several requirements for auto insurance that are generally based on you being able to pay for accidents that you’re responsible for. However, those aren’t the only types of auto insurance coverage you can buy. Some of the most popular car insurance coverage options are as follows:
- Liability insurance pays for damages you cause in an accident where you’re at fault. It can also pay for medical bills incurred by the other driver or their passengers. Oregon requires all drivers to have $25,000 of bodily injury coverage per person in any one accident and a maximum of $50,000 per two or more people. You must also carry $20,000 worth of property damage liability insurance. Many people purchase more than the minimum legal coverage.
- Uninsured/underinsured motorist coverage is a requirement in Oregon. It helps pay for injuries or damages to you or your vehicle if you’re involved in an accident with someone who isn’t adequately insured. The state requires you to have $25,000 per person and $50,000 per crash.
- Personal injury protection insurance pays for costs related to the injury or death of passengers in your car in the event of an accident. Oregon requires at least $15,000 in personal injury protection coverage.
- Collision coverage pays for damages to your vehicle that are caused as a result of a collision with another vehicle or object. If you’re leasing or financing a vehicle, your lender typically requires this coverage.
- Comprehensive coverage pays for repairs or replacement of your vehicle if it’s damaged due to events that aren’t covered by collision coverage. This includes theft, vandalism, fire, natural disasters, falling objects, animals, and riots. It can also help pay for glass damage. Most lenders require it as a condition of vehicle financing.
- Gap insurance pays the difference between what your car is currently worth and what you currently owe. It’s often a requirement for leasing or financing a vehicle.
| Types of Coverage | Minimum State Requires |
| Bodily Injury Liability | $25,000 per person, $50,000 per accident |
| Property Damage Liability | $20,000 per accident |
| Uninsured Motorist | $25,000 per person, $50,000 per accident |
| Underinsured Motorist | Not required |
| Personal Injury Protection | $15,000 per person |
| Collision | Not required |
| Comprehensive | Not required |
| Gap Insurance | Not required |
Oregon Teen Driving Laws
Oregon teen drivers are required to seek a Provisional Driver's License, which is the Beaver State’s version of a Graduated License Program. You must have had an instructional permit for at least six months and be 16 or 17 years old. You must complete at least 100 supervised hours of driving (or 50 hours if passing an approved driver’s education course).1
The Provisional Driver License restricts teen drivers from using mobile phone devices when driving. There are also limitations on the number of passengers who can ride in the vehicle. You are also subject to curfew restrictions, notably between the hours of midnight and 5:00 p.m., with allowed exceptions for school or work.
Oregon Car Registration Information
Registering your vehicle in Oregon requires having an Oregon title in your name. In most cases, you can renew your vehicle registration online, by mail, or at a DMV office. You must generally pass an emissions test and a VIN inspection. Bring along proof of insurance and payment for all associated fees.2
What is the average car insurance cost in Oregon?
SelectQuote customers in Oregon pay an average monthly premium of $122.90.+ Your own insurance costs will vary based on several factors, including:
- The make and model of your vehicle
- Your location
- Your car’s mileage and daily use
- Your driving history
- Your credit score
- Any applicable discounts
Our Auto Insurance Companies in Oregon
SelectQuote partners with trusted, highly rated car insurance companies in Oregon. We compare rates from dozens of car insurance companies at once to find you the best bundled coverage discounts.
Home and Auto Insurance Frequently Asked Questions
Buying car or home insurance often leads to many questions. We’ve listed some of the most common ones we see as we shop for savings for our Oregon customers.
How do I shop for homeowners insurance in Oregon?
The best way to shop for homeowners insurance in Oregon is to sit down and figure out exactly what you need. Ask yourself questions about your dwelling, personal property, and any other additional structures. Then uncover how much it would cost to replace those items after a loss. Then, knowing how much coverage you need, you can partner with a company like SelectQuote that can compare rates from several insurers at once and find the right policy for your situation.
How do I shop for auto insurance in Oregon?
Much like home insurance, you’ll need to determine how much and what kinds of coverage you need. If you’re simply looking for minimum legal coverage, that’s okay. If you’re leasing or financing your vehicle and need additional coverage to satisfy those loan requirements, you’ll need to know exactly what kinds of coverage to buy. Next, partner with SelectQuote to compare rates across different insurers and find the best deal!
What is the minimum auto insurance coverage in Oregon?
Oregon requires all drivers to carry minimum liability coverage at a 25/50/25 level. You must also carry similar uninsured motorist coverage, as well as $15,000 in PIP coverage.
Do I need renters insurance in Oregon?
Renters insurance is not a legal requirement in Oregon, but you should still buy it. Because landlords and property management companies’ only responsibility is to insure their buildings, not your personal property, renters insurance makes up the difference and covers your property from loss due to damage or theft. It’s also an extremely affordable type of coverage.
Do I need earthquake insurance in Oregon?
Earthquake insurance isn’t a legal requirement in Oregon, and most insurance companies do not include it as part of your standard policy.3 That said, Oregon is well-known for seismic activity due to its proximity to fault lines. About 20% of Oregonians have earthquake coverage, which you may add as an endorsement or as a separate policy.4
SelectQuote Can Shop Oregon Home or Auto Insurance to Save You Time and Money
Shopping for home and auto insurance doesn’t have to be complex, time-consuming, or frustrating. When you shop for coverage with SelectQuote, we save you time and money by doing the legwork of comparing rates for you. We’ll even seek out all available discounts (including for bundling your coverage), present the options for you in a way that’s easy to understand, and help you navigate through your policy choices to find the right fit.
Sources:
- https://www.oregon.gov/odot/dmv/teen/pages/license.aspx
- https://www.oregon.gov/odot/DMV/Pages/Vehicle/titlereg.aspx
- https://dfr.oregon.gov/insure/home/storm/pages/earthquake.aspx
- https://ktvz.com/community/community-billboard/2022/10/11/oregon-agency-has-resources-available-on-earthquake-insurance/
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