Cheap Renters Insurance Oregon: A Detailed Review

Average Oregon Renters Insurance Costs

Company	Average Annual Cost for $15,000 in Personal Property Coverage	Average Annual Cost for $30,000 in Personal Property Coverage	Average Annual Cost for $50,000 in Personal Property Coverage
Grange	$64	$124	$189
Mutual Of Enumclaw	$85	$121	$170
Capital Insurance	$113	$158	$227
State Farm	$113	$143	$187
California Casualty	$125	$125	$125
Oregon Mutual	$131	$206	$299
Nationwide	$138	$171	$214
American Family	$150	$195	$253
Country Financial	$241	$261	$344
Foremost	$274	$322	$383

State Average: $143 for $15,000 in Personal Property Coverage, $183 for $30,000, $239 for $50,000.

Source: Quadrant Information Services. Rates include $100,000 in liability insurance.

What Does Renters Insurance Cover?

Renters insurance provides coverage for stolen, damaged, or vandalized property caused by issues specified in your policy. It also protects you in cases where you’re liable for injuries or property damage to others.

• Personal Property Coverage: This includes belongings such as electronics, furniture, jewelry, kitchenware, and clothing.
• Liability Insurance: Covers injuries and property damage you accidentally cause to others. For instance, if a guest is injured in your home, liability insurance can cover their medical bills, court judgments, settlements, and legal defense costs.
• Additional Living Expenses (ALE) Coverage: In the event you can’t reside in your home due to a covered problem, ALE covers extra costs like hotel bills, restaurant meals, and services such as pet boarding or laundry.

It’s advisable to have sufficient liability insurance to cover potential losses in a lawsuit.

If your assets exceed the liability limits of your renters insurance, consider an umbrella insurance policy for additional coverage beyond the limits of your renters and/or auto insurance policies.

Compare Renters Insurance Quotes

1. Lemonade
   • Average Cost: $160
   • Availability: 28 states + DC
2. Progressive
   • Average Cost: $220
   • Availability: Nationwide

Eviction Rules in Oregon:

• A landlord in Oregon can evict you for:
  • Violating lease terms
  • Failing to pay rent

Examples of Lease Violations:

• Unlawful occupancy
• Substantial damage to the unit
• Instances of sexual assault, stalking, or domestic violence
• Damage beyond normal wear and tear
• Pet causing harm to neighbors or damage to the rental unit
• Lying about criminal history on application
• Engaging in criminal activity in the apartment
• Drug distribution on the premises
• Failure to follow lease rules

Late Rent and Eviction Process in Oregon:

• Landlord must wait seven days after rent is due before considering it late.
• If rent remains unpaid, a 72-hour “pay or quit” notice is issued.
• Failure to pay or vacate within 72 hours allows the landlord to file with the court.

No-Cause Evictions:

• Limited circumstances for “no-cause” eviction.
• For month-to-month leases, landlord can give a 30-day notice in the first year, and afterward, cause is required as per Oregon law.
• Fixed-term leases require cause and proper notice for eviction.

Security Deposit Rules in Oregon:

• Landlords must return the deposit within 31 days of tenancy end.
• If any amount is withheld, a written account must be provided within 31 days.
• If funds are wrongfully withheld, the tenant has one year to settle or file a lawsuit for twice the wrongfully withheld amount.
• No requirement for landlords to pay interest on security deposits.

Rent Increase Rules in Oregon:

• Month-to-month tenants have a fixed rent for the first year; after that, landlords can increase rent with a 90-day written notice.
• Rent control limits at 7.0% plus the Consumer Price Index (CPI).
• Fixed-term lease rents cannot increase unless specified in the lease.
• In a month-to-month lease, the landlord can increase rent with a 90-day written notice.
• Week-to-week tenancies can have rent increased with a seven-day written notice.

Written notices must include the effective date, new rent amount, details of the increase, and information about Oregon’s rent control.

When Can a Landlord Enter Your Apartment?

While the landlord maintains ownership of the property, tenants have a right to privacy. In Oregon, landlords are not permitted to enter the premises with less than 24 hours’ notice.

There are specific exemptions to the 24-hour notice rule:

1. In emergencies, such as a burst water pipe.
2. If you submit a written request for specific repairs, your landlord generally has a seven-day window to address the repairs without advanced notice.
3. If both you and your landlord agree that less notice or no notice is acceptable for a particular situation.
4. If your landlord reasonably believes you have moved or abandoned the unit.
5. In the case of a unit being up for sale, you may agree to allow the landlord to showcase the unit without providing 24-hour notice (note that you are not obligated to agree to this arrangement).

Renters Insurance Rates in Oregon by Company

Company	Average Annual Rate in Oregon
Safeco	$108
Travelers	$125
State Farm	$128
MetLife	$139
Country	$141

 

Oregon Renters Insurance Costs by City

City	Average Annual Rate
Hillsboro	$158
Beaverton	$159
Aloha	$159
Tualatin	$159
Forest Grove	$159

 

Renters Insurance in Oregon by Coverage Tier

Coverage Level	Average Annual Rate in Oregon
$25K Property	$136
$50K Property	$193

Bundle Auto and Renters Insurance in Oregon

Average Annual Rate (No Bundle)	Average Annual Rate (w/ Bundle)	Annual Savings ($)	Savings Percentage (%)
$1,393	$1,310	$83	6%

Also read: Cheap Dirt Bike Insurance

Renters Insurance FAQs in Oregon

Question	Answer
Is renters insurance required in Oregon?	In Oregon, a landlord can require tenants to have renter’s liability insurance, but this requirement is waived for tenants with a household income equal to or less than 50% of the area’s median income.
What does Oregon renters insurance cover?	Oregon renters insurance provides coverage for personal belongings and liability in case of injury or property damage caused by the tenant.