Oregon Homeowners Insurance Coverage
Whether your home is an updated ranch in the Willamette Valley or a three-bedroom near Bend, with a Farmers Flex® Personal Home policy you can choose quality coverage for your lifestyle today, with new ways to help you save.
What does homeowners insurance cover in Oregon?
Every policy is different, but home insurance policies in Oregon typically come with several standard coverages.
- Dwelling (Coverage A). This coverage helps you pay for damage to your home from a covered event, such as a fire, windstorm, lightning or hail.
- Other structures (Coverage B). This coverage is intended to cover structures that aren’t connected to your home, like a fence or shed.
- Personal property (Coverage C). This coverage helps you repair or replace your personal belongings if they are stolen or damaged.
- Loss of use, or additional living expense coverage (Coverage D). This coverage can help you pay to stay somewhere else if your home is uninhabitable due to covered damage.
- Personal liability (Coverage E). This coverage helps pay for accidental property damage or injuries you cause through negligence.
Typical home insurance policies in Oregon cover damage caused by:
- Fire
- Vandalism and theft
- Lightning strikes
- Wind
- Hail
- Explosions
- Falling objects
- The weight of snow or ice
Flooding, a common risk in parts of Oregon, is not covered. However, special flood insurance through the National Flood Insurance Program (NFIP) may be available.
How much does homeowners insurance generally cost in Oregon?
The average premium for home insurance coverage in Oregon is $893 per year1, according to 2022 data (the most recent available) from the National Association of Insurance Commissioners (NAIC). That’s less than what homeowners nationwide paid — an average of $1,569 per year for coverage, the NAIC report shows. Keep in mind that insurance premiums in most states have changed since then. Also, the amount you pay may be different depending on things like the value and age of your home, how much personal property you want to cover, what deductible you choose and risks specific to your area.
Farmers Flex Personal Home coverage in Oregon
Beyond the basic coverages, Farmers Flex Personal Home offers a wide range of options that let you customize your policy, such as:
- Guaranteed Replacement Cost
- Water Backup and Sump Overflow
- Emergency Mortgage Assistance
- Declining Deductibles®
- Claim Forgiveness
Oregon home insurance discounts
Farmers® offers a variety of savings opportunities for eligible home insurance customers in Oregon, including:
- Welcome Discount
- Home Buyer Discount
- Bundling Discount
- Loyalty Discount Claim Free Discount
- Wildfire Mitigation Discount (Farmers Flex Personal Home and Farmers Smart Plan Home® products only)
See more information and additional discounts that may be available in Oregon.
Western Meadowlark
More coverage options in Oregon
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Don’t send him to the doghouse yet. The good news is that the damage could very well be covered under your homeowners policy. Fire is typically included in home insurance coverage.
You live in the same house, on the same block, in the same town as last year. So why would your home insurance premium go up?
1 Based on average premium for HO-3 type open perils homeowners policies.