Oregon Renters Insurance

Average Renters Insurance Cost in Oregon

Renters in Oregon pay an estimated $157 per year ($13/month) for a standard policy, based on 2026 industry average data.

Renters Insurance Rates by City in Oregon

What Makes Oregon Renters Insurance Unique

Oregon limits how insurers can use credit, and late-summer wildfire smoke and evacuation risk in the Willamette Valley and southern Oregon have become a growing factor in underwriting.

Risk Factors Specific to Oregon

Underwriters in Oregon weigh wildfire, smoke damage, and evacuation-related loss more heavily than in lower-risk states when pricing renters policies.

Renters Insurance Compared With Rent in Oregon

The median gross rent in Oregon was $1,597 a month in 2024 (U.S. Census Bureau, American Community Survey), 7% above the national median of $1,487. Against that, our estimated renters premium of $157 a year — about $13 a month — equals roughly 10% of one month’s rent for a full year of coverage, below the middle share among the 50 states in our estimates.

The Coverage Detail That Matters Most in Oregon

In Oregon, the wildfire question for renters is usually about displacement rather than the building itself. Additional living expenses coverage pays for temporary housing if a covered fire makes your unit unlivable, and many policies also pay for a limited period when a civil authority bars access. Smoke damage to belongings is generally covered as part of fire. Check the limit on additional living expenses — in high-rent areas, a short displacement can exhaust a low limit.

How to Save on Renters Insurance in Oregon

• Oregon restricts how insurers use your credit-based insurance score, so coverage limits and claims history weigh more heavily in your premium than in most states.

Frequently Asked Questions

Is renters insurance required in Oregon?

No. No U.S. state, including Oregon, legally requires tenants to carry renters insurance. That said, individual landlords and property management companies in Oregon can — and often do — require proof of a policy as a lease condition, especially for larger apartment complexes.

How much does renters insurance cost in Oregon?

Renters in Oregon pay an estimated $157 per year ($13/month) for a standard policy, based on 2026 industry average data. Actual premiums vary based on coverage limits, deductible, credit history (where allowed), claims history, and the specific building or neighborhood.

Can insurers use your credit score to set renters insurance rates in Oregon?

Only within limits. Oregon doesn't ban credit-based insurance scores, but it restricts how insurers use them — for example, credit information generally can't be the sole reason to cancel or non-renew a policy. Coverage limits, claims history, and location still drive most of the premium.

What's the biggest renters insurance risk factor in Oregon?

In Oregon, wildfire is the top concern. Standard renters policies do cover fire damage, including wildfire, but tenants in high-risk fire zones should confirm their insurer is still writing new policies in that area and consider replacement cost coverage given rising rebuild costs.

How much is renters insurance compared with rent in Oregon?

With a median rent of $1,597 a month (2024) and an estimated premium of $157 a year, a full year of renters insurance in Oregon costs roughly 10% of one month's rent.

*No U.S. state legally mandates renters insurance, though individual landlords may require it as a lease condition. The information on this page is provided for general informational purposes only and reflects estimated industry averages as of 2026. Insurance rates change periodically; always verify current pricing with a licensed insurance professional. City-level and statewide premiums shown are approximations — individual rates will vary based on personal factors.