Best & Cheapest Renters Insurance In Oregon For 2025

Renters insurance costs Oregon renters an average of $25 per month or $300 annually. As 37% of households are renter-occupied, this means 37% of households need to find ways to locate the best and cheapest renters insurance in Oregon.

This average cost is affected by several factors, the two biggest of which include exposure to the risk of natural disasters including floods, landslides, and fires, as well as crime levels in the city.

Having had over 15 years of experience as a licensed property and casualty agent, I’ve helped many clients find the right renters insurance to suit their needs and budget. This deep industry knowledge allows me to provide insights that save you time and money while making sure you have the right coverage.

Cheapest Renters Insurance Companies In Oregon

Travelers and Lemonade are the cheapest renters insurance companies in Oregon. Travelers costs an average of $10 per month, while Lemonade costs around $11.

Best Renters Insurance Companies In Oregon 2025

State Farm is the best renters insurance company in Oregon, with average monthly premiums of $14.

Use the table below to view the best renters insurance companies in Oregon, and their average rates.

How Much Is Renters Insurance In Oregon?

The average cost of renters insurance in Oregon is typically around $25 per month, or about $300 annually. However, the exact cost can vary significantly depending on several factors. These include the location of the rental property, the value of your personal belongings, the coverage limits, and any additional coverage options you may choose.

Average Oregon Renters Insurance Costs – By City

Where you live in Oregon can have a significant impact on the cost of renters insurance.

Here’s a table showing the average cost of renters insurance in 10 major cities in Oregon:

What Factors Affect The Price Of Renters Insurance In Oregon?

Several factors influence the cost of renters insurance in Oregon. Understanding these can help you manage your premium:

• Location: Areas that have a higher risk of natural disasters as well as areas in major cities with high crime levels will cost more, such as Rogue River, Portland, and Ontario which have some of the highest property crime rates.
• Value of Personal Belongings: The more valuable your possessions, the higher your coverage limits and premiums.
• Deductible: A higher deductible can lower your monthly premium but increase out-of-pocket costs.
• Claim History: A history of claims may increase your rates.
• Rental Property Type: Apartments may cost less to insure than houses.
• Local Underwriting Trends: Many carriers in Oregon will not cover flood damage or landslide damage both of which are two of the most common natural disasters in the state behind fires. The cost of insurance in areas prone to wildfires is increasing with the subsequent rise in risk.
• Safety Features: Smoke detectors, security systems, and deadbolts may lower premiums.

Is Renters Insurance Required In Oregon?

In Oregon, renters insurance is not legally required by the state. However, Oregon Revised Statute (ORS) 90.222​ allows a landlord to require it as part of the renters policy unless you meet specific income or subsidy specifications. They cannot add themselves as a named party to your coverage, and there are state-specific limits on coverage a landlord can request.

For tenants, having renters insurance is a wise decision, even if it’s not required by law. It helps safeguard personal property, which may be costly to replace out-of-pocket. Furthermore, renters insurance may provide coverage for temporary living expenses if the rental unit becomes uninhabitable due to a covered event.

While not mandatory, renters insurance can provide peace of mind and financial protection. It’s important to review the lease agreement and check with the landlord to see if it’s a requirement, as failure to comply could result in penalties or lease termination.

Common Renters Insurance Discounts In Oregon

Renters insurance providers in Oregon offer various discounts that can reduce your premiums:

• Bundling Policies: Combining auto and renters insurance with the same company can lead to savings.
• Security Features: Installing security systems or smoke alarms can result in discounts.
• Claim-Free Discounts: If you haven’t filed claims in several years, you may qualify for lower rates.
• Property Age: Newer, well-maintained homes may qualify for discounts.
• Loyalty Discounts: Long-term customers may receive reduced rates over time.

Common Renters Insurance Claims In Oregon

The most common renters insurance claims in Oregon include damage from natural disasters, such as landslides, floods, fires, and earthquakes, as well as incidents like theft and water damage. Theft claims are frequent in urban areas or neighborhoods with higher crime rates, where personal belongings may be at risk.

Water damage, often caused by burst pipes or appliance malfunctions, is also a common claim. Fire and smoke damage, as well as vandalism, are other typical claims that renters in Oregon may experience.

Does Renters Insurance In Oregon Cover Landslides?

No, traditional renters insurance policies will not cover landslides as these are considered Earth movements. This can be a significant risk for many renters as landslides are among the most widespread and damaging natural hazards in Oregon. These natural processes are often triggered by erosion, storms, earthquakes, and sharp changes in water levels from things like floods.

However, you can obtain a separate policy typically called a “Difference in Conditions” policy to cover damage from landslides in particular as well as other natural catastrophes like floods and earthquakes. If you are unsure whether you need additional Landslide coverage you can use Landslide maps from the official Statewide Landslide Information Database for Oregon (SLIDO).

Does Renters Insurance In Oregon Cover Fire?

Several areas of Eastern Oregon are at high fire risk because of dry ponderosa pine forests and grasslands. The Long Draw Fire, Cow Valley Fire, Falls Fire, Lone Rock Fire, and Battle Mountain Complex have all been significant wildfires throughout these areas.

That said, a standard renters insurance policy should cover damage from smoke and fire caused by a wildfire to personal property and the rental unit itself. If a fire destroys belongings or causes damage to the apartment or house you’re renting, your renters insurance policy will typically cover the cost of repairs or replacement. This includes damage from smoke, heat, and soot.

Renters insurance also provides liability coverage if the fire spreads and causes damage to neighboring units. It’s important to keep an updated inventory of belongings to ensure adequate coverage.

Does Renters Insurance In Oregon Cover Earthquakes?

Oregon is situated in an active seismic area with approximately 1,000 earthquakes every year. Unfortunately, standard renters insurance policies in Oregon do not cover earthquake damage as this is considered another ground movement that typically has to be purchased separately with the same type of Natural Catastrophe cover or “Difference in Conditions.”

Does Renters Insurance In Oregon Cover Flooding?

Renters insurance in Oregon does not cover flooding caused by heavy rains, storm surges, or rising water. Flooding is considered a separate peril, and standard renters policies exclude this type of damage.

Unfortunately, damaging floods happen almost annually across Oregon and you can check several flood maps like the FEMA Region X Risk MAP to see whether your rental property is at risk.

To protect against flooding, renters in Oregon must purchase separate flood insurance through the National Flood Insurance Program (NFIP) or private insurers.

Flood insurance will cover damage to personal property and the structure of the rental unit caused by rising water, ensuring comprehensive coverage in flood-prone areas.

Does Renters Insurance In Oregon Cover Wind Damage?

Yes, renters insurance in Oregon generally covers wind damage caused by events such as windstorms and hail. Wind-related damage to personal belongings, such as furniture, electronics, and clothing, is usually covered under a standard renters policy.

It’s important to review your policy to confirm that wind damage is included and to consider additional coverage if necessary for extreme weather events.

What Does Renters Insurance Cover In Oregon?

Renters insurance provides essential protection for your belongings and liability, offering financial security in the event of unexpected incidents. Understanding what is covered under a renters insurance policy helps you make informed decisions about your coverage needs. Below, we break down the key components of renters insurance coverage.

Personal Property Coverage

Renters insurance typically covers personal belongings, such as furniture, clothing, electronics, and appliances, in the event of theft, fire, vandalism, or other covered disasters. It helps you replace or repair your possessions up to the policy’s coverage limit.

Fire Insurance

Oregon has seen devastating wildfire damage with renters even more vulnerable to wildfires today because more homes are located in a high-risk area. While a standard renters insurance policy will cover fire damage, high-risk areas can obtain additional fire coverage with help from the Oregon FAIR Plan.

Liability Coverage

Liability protection is an essential part of renters insurance. It covers legal expenses and medical costs if someone is injured while on your property. For example, if a guest slips and falls in your home, liability coverage can help pay for their medical bills and any legal fees if you are sued.

Additional Living Expenses

If your rental becomes uninhabitable due to a covered incident, such as a fire or storm, renters insurance can cover additional living expenses. This includes the cost of temporary housing, meals, and other expenses while your home is being repaired or replaced.

Landslide Insurance

With a separate natural catastrophe policy or a difference in conditions policy, you can get coverage against landslide damage which represents one of the most devastating natural disasters across the state and can be triggered by any number of other common natural disasters.

Medical Payments To Others

This coverage provides small, no-fault medical payments if someone is injured on your property, regardless of who is at fault. It helps cover minor medical expenses without the need for a lawsuit or liability claim.

Flood Insurance

One of the most devastating natural disaster risks in Oregon is floods which happen nearly every year. Standard renters insurance policies do not cover flood damage but you can use the National Flood Insurance Program (NFIP) for additional coverage. From 2013 through 2017, over 400 flood insurance claims were submitted in Oregon under this program with a reported value of nearly 7 million.

Loss Of Use Coverage

If you cannot use your rental due to a covered event, loss of use coverage can help with extra costs such as hotel stays and transportation.

Find Renters Insurance In Other U.S. States