Oregon renters insurance

Oregon renters insurance coverages

Check out the four standard coverages on nearly all Oregon renters insurance policies:

• Personal property protects your personal belongings, including furniture, clothing, and electronics, whether they're inside your apartment or elsewhere
• Loss of use helps cover costs associated with an increase in living expenses up to your policy's limit if you're unable to stay in your home while it's being repaired or rebuilt due to a covered loss
• Personal liability protects you financially if you're legally responsible for another person's injuries or damage to their property
• Medical payments to others pays for medical expenses due to a covered occurrence

Additional coverages

The best renters insurance in Oregon is always a policy with customized coverage. Here are some extra options for when you need more protection:

• Add a rider: Certain valuable items, like jewelry, may have specific limits on your renters policy. If your item exceeds the limit, you may be able to purchase an endorsement called a rider for your policy to cover the item for its value.
• Personal injury coverage: May pay for legal fees and damages if you're liable for slander or defamation
• Water backup coverage: Water that backs up through sewers, or drains, or discharges from a sump pump may not be covered by a standard renters policy. Water backup coverage may pay for the damage to your belongings and water removal costs.

Learn more about all of our renters insurance coverages.

Is renters insurance required in Oregon?

Renters insurance in Oregon isn't required by law, but your landlord or rental company may require you to have a policy before you can move in. Even if it's not required, renters insurance may provide affordable protection for tenants renting apartments, homes, or condos throughout Oregon.

Is renters insurance worth it in Oregon?

A renters insurance policy can offer vital protection in various circumstances:

• Some household items are stolen from your apartment complex's storage space. Personal property coverage may pay to replace the items, up to your coverage limit.
• Water damage to your apartment building forces you to move out of your unit while repairs are made. Loss of use coverage may pay for your hotel stay, up to your coverage limit.
• A friend is injured at your residence. Medical payments coverage may pay their medical bills, up to your coverage limit.

What does renters insurance in Oregon cost?

Progressive renters policies in Oregon had an average monthly price of $15.40 or $184.81 for an annual policy, in 2023.^** Remember that your cost for renters insurance is determined by many components, including your location, type of residence, and claims history.

Coverage limits may also affect your renters insurance premium. Generally, the more personal property coverage you need, the more you pay for a renters policy. Use our personal property calculator to help you take a home inventory and estimate the value of your belongings.

How can I save on renters insurance in Oregon?

Progressive typically offers several renters insurance discounts to help lower the cost of your policy, such as living in a gated or secure community, quoting in advance, paying in full, or having multiple policies with Progressive.

There may also be discounts that are only available in your state or county. Call 1-866-749-7436 or talk to a local agent help ensure you're getting all applicable discounts.

How to quote renters insurance in Oregon