Like we mentioned earlier, the statewide average cost of homeowners insurance in Oregon is $677. This is nearly half the national average and ranks Oregon as the 51st most expensive state in the country for homeowners insurance. However, despite this low average, the actual price you pay for homeowners insurance depends on a range of factors, including your credit score, the size and value of your home, your zip code, and more. Additionally, even though Oregon has a lower rate of natural disasters compared to other states in the Pacific Northwest, that doesn’t mean it’s 100% disaster-free. As a matter of fact, Statewide Planning Goal 7 identified six natural hazards common in Oregon: floods, landslides, earthquakes, tsunamis, coastal erosion, and wildfires. This means that you’ll likely want to purchase additional coverage or endorsements if you live in an area affected by these hazards, which would naturally raise the overall rates you pay. Different cities and zip codes also play a part in homeowners insurance rates in Oregon, and premiums tend to be more expensive in cities like Ashland and West Linn compared to places like Aloha and Tualatin. This is partly because insurance companies take into account things like the area crime rate, population density, and the value of your home and others in the same neighborhood when calculating homeowners insurance rates. Regardless, these above factors don’t hold nearly as much weight as the type and amount of coverage you need on your homeowners insurance plan, so don’t worry too much about them and instead focus on more important things like figuring out exactly how much coverage you want and what you would be comfortable paying for it.