Quick Answer: Homeowners' insurance costs around $2,500 per year nationally, or a little over $200 per month, for a policy of about 300,000 in dwelling coverage. In Oregon, the average is around $130 per month, but your $ actual rate will depend on your home, location, coverage and deductibility.
How Much Could Homeowners Insurance Cost?
If you own a home, or you’re getting ready to buy one, Homeowners insurance is a critical part of protecting your investment. But one of the first questions many homeowners ask is simple:
How much does home insurance cost?
The answer depends heavily on where you live, the home you’re insuring, and the coverage you choose.
The Average Cost of Homeowners Insurance
In 2026, national estimates for a Homeowners policy with around $300,000 in dwelling coverage are roughly $2,500 per year, or a little over $200 per month.
However, averages only tell part of the story. Homeowners' insurance rates can vary dramatically from one state, and even one ZIP code—to another.
What About Home Insurance in Oregon?
Oregon homeowners generally pay less than the national average.
One recent 2026 analysis estimates the average Oregon Homeowners insurance premium at approximately $1,553 per year, or about $129 per month, based on $300,000 in dwelling coverage, $100,000 in liability coverage and a $1,000 deductible.
Using slightly different coverage assumptions, another analysis puts Oregon's average at approximately $1,572 per year, or $131 per month.
That means an Oregon Homeowner could look like $130 per month as a general starting point—but an actual quote could be higher or lower to match your situation.
What Determines Your Home Insurance Rate?
Insurance companies consider several factors when calculating a homeowners insurance premium, including:
Where you live: Wildfire exposure, weather, crime, local claims and rebuilding costs can all affect rates.
Replacement cost: Insurance is generally concerned with what it would cost to rebuild your home, not simply its current real estate value.
Age and condition of the home: older roofs, electrical systems, plumbing and other features can affect eligibility and premiums.
Coverage limits: More dwelling, personal property or liability protection will generally increase the premium.
Deductible: Choosing a higher deductible can often reduce the premium, although you'll pay more out of pocket when filing a covered claim.
Claims history: Previous home insurance claims may affect what you pay.
Discounts: Bundling home and auto insurance, installing protective devices and qualifying for other insurer-specific discounts may reduce premiums.
Why Two Similar Homes Can Have Different Rates
Your neighbor's Homeowners insurance premium isn't necessarily a good indication of what you'll pay.
Two houses on the same street could receive different quotes because of differences in replacement cost, roof age, deductibles, coverage limits, claims history, discounts and other underwriting factors.
That's why comparing personalized quotes can be more useful than relying solely on statewide or national averages.
Is Cheaper Home Insurance Always Better?
Not necessarily.
Price is important, but homeowners should also look closely at what the policy actually covers. A lower premium may come with a higher deductible, lower coverage limits or different exclusions.
The goal isn't simply to find the cheapest policy. It's to find coverage that provides the protection you need at a competitive price.
Could You Be Paying Too Much?
If you haven't reviewed your Homeowners insurance recently, it is worth taking another look.
Insurance rates and rebuilding costs change over time, and different insurance companies can price the same property differently. Comparing options may uncover potential savings, or identify areas where your current coverage needs to be updated.
Best Coverage LTD can help you review your homeowner's insurance options and compare coverage to find a policy that fits your home and your budget.
Frequently Asked Questions
How much does homeowners' insurance cost per month?
The average cost can vary depending on where you live and the coverage you choose. National estimates for a policy with around $300,000 in dwelling coverage are roughly $2,500 per year, or a little over $200 per month. Oregon averages are closer to $129–$131 per month based on recent estimates.
How much is homeowners' insurance in Oregon?
Recent 2026 estimates put the average Oregon Homeowners insurance cost at approximately $1,553–$1,572 per year, or about $129–$131 per month. Your actual rate can vary based on your home, location, coverage, and other factors.
Why does homeowners' insurance cost more for homes?
Several factors can affect the cost of Homeowners insurance. These include the home location, replacement cost, age and condition, coverage limits, deductible, claims history and available discounts.
Does the age of my home affect homeowner's insurance rates?
Yes. The age and condition of your home can affect your Homeowners insurance rate. Older roofs, electrical systems, plumbing, and other features may affect eligibility and premiums.
Can higher deductibility lower my homeowner's insurance cost?
A higher deductible can often reduce your premium. However, you'll generally have to pay more out of pocket if you file a covered claim, so it's important to choose a deductible that fits your budget.
Can bundling home and auto insurance save money?
It can. Some insurance companies offer discounts when you bundle Homeowners and auto insurance. However, available discounts vary by insurer and individual circumstances.
Why should I compare homeowners' insurance quotes?
Different insurance companies can price the same property differently. Comparing personalized quotes can help you find competitive pricing and make sure the coverage, limits and deductible fit your needs.
Is the cheapest homeowner insurance policy the best option?
Not necessarily. A lower premium may have a higher deductible, lower coverage limits or different exclusions. It's important to compare both the price and what the policy actually covers.
How often should I review my homeowner's insurance?
It's a good idea to review your coverage periodically, especially when rebuilding costs, home improvements, or insurance rates change. Comparing options can also help you identify potential savings or coverage that may need to be updated.
How can I find out how much homeowners insurance will cost for my home?
The best way to estimate your actual cost is to compare personalized quotes based on your home's location, replacement cost, coverage needs, deductible and other underwriting factors. Best Coverage LTD can help you review your options and compare coverage.
Insurance rates vary by property, location, coverage, deductible, insurer, and individual underwriting factors. Average rates are provided for general informational purposes and do not represent a guaranteed quote.
