If you’re moving into a rental property in 2020 or just want to update your renter’s insurance, Oregon residents have a good selection of companies to consider.

If you just want our take, our #1 pick for the best overall renter’s insurance in Oregon it's Lemonade Insurance.

Read on to discover why we chose them and compare them with some of our other top insurance agencies.

Our #1 Pick

lemonade logo large

Lemonade is our #1 pick overall for renters insurance in Seattle. Their application is super fast, their site is easy to navigate, and they have some of the lowest rates.

renters insurance oregon

Find Out Who Made Our Best Renters Insurance In Oregon List.

Plus More Details On Each Company, Why You Need Renters Insurance, What Does It Cover, And How To Apply For Coverage.

renters insurance oregon

Find Out Who Made Our Best Renters Insurance In Oregon List.

Plus More Details On Each Company, Why You Need Renters Insurance, What Does It Cover, And How To Apply For Coverage.

1. Lemonade

5.0

lemonade logo large

Lemonade is changing the insurance agency for the better. The use of an intelligent AI replaces high-pressure sales agents, allowing them to give you a great deal on a customized insurance policy.

They also take only a small fee off the top of your monthly payment, using the rest for claims.

Any leftover money goes to their “Giveback” program at the end of the year. They will donate it to a charity of your choice.

Pros

  • A futuristic AI puts together a comprehensive policy based on your needs
  • You can purchase a new policy in under two minutes
  • Lemonade handles claims in three minutes or less
  • Their ground-breaking financial model prioritizes giving back over profits

Cons

  • Lemonade is not yet available in all fifty states

Lemonade received an A- rating from the Better Business Bureau and an A Exceptional rating from Demotech. AM Best has not rated them yet.

Lemonade is the best renter’s insurance company overall.


2. Progressive

4.5

progressive logo

Progressive Insurance made waves when it started showing competitor rates on their site before you purchased your policy.

This remains one of the biggest benefits of working with them.

The other benefit is the truly generous amount of discount opportunities they provide, no matter what type of policy you’re purchasing.

With their quality customer service, Progressive is a great choice. If you’re watching your budget, give their “Name Your Price” process a try.

Pros

  • Progressive provides a multitude of discounts
  • They can build a policy around your budget through their “Name Your Price” tool
  • Their customer service agents are available 24/7 every day of the year

Cons

  • Some discounts are not available in all states

Progressive has an A+ rating both the Better Business Bureau and AM Best.

Progressive offers the best insurance discounts and has a top-rated customer service department.


3. Quote Wizard

4.0

quote wizard logo

With QuoteWizard, insurance agents fight for your business rather than wait for you to come to them.

This insurance market will give you quote comparisons on the same web page, allowing you to get the best deal possible

Pros

  • Getting quotes is less exhausting since the agents will come to you
  • QuoteWizard is not affiliated with any insurance company, so you get no ulterior motive
  • QuoteWizard’s customer service is highly rated and committed to serving you

Cons

  • Some people have continued to receive insurance offers after they’ve already purchased.

QuoteWizard hasn’t been rated by AM Best or the Better Business Bureau yet.

QuoteWizard is the best insurance company when it comes to comparing competitive offers between insurance companies.


4. Liberty Mutual

4.0

liberty mutual logo

Liberty Mutual offers one of the lowest liability limits out there.

If you’re a young tenant in need of renter’s insurance, Oregon college students are encouraged to take a look at Liberty Mutual.

They offer online quotes for a 12 percent discount and have a wide range of insurance products.

Pros

  • They offer a liability limit of $5,000, which keeps money in your wallet
  • Policies can cost as little as $5 a month, depending on your location and coverage
  • Liberty Mutual offers several ways to get further discounts on your monthly payment

Cons

  • Liberty Mutual has received average ratings on their customer service

The Better Business Bureau has given Liberty Mutual an A rating. Their rating from AM Best is also an A.

Liberty Mutual has the best coverage for young tenants and college students in Oregon.


5. Amica

4.5

amica logo

Amica Insurance has the best customer service on the market.

They are the first insurance agency to win more than 50 J.D. Power Customer Satisfaction awards. 

On top of that, they offer several discount programs and flexible policy options. They offer renters insurance Oregon residents can rely on through thick and thin.

Pros

  • Amica’s customer service is truly award-winning
  • They will pay full replacement costs for damaged or destroyed personal property
  • They offer up to 25 percent off if you bundle your insurance policies
  • Their rates start as low as $4 a week

Cons

  • They can sometimes refuse to cover those they see as a claims risk.

Amica has an A+ rating from both the Better Business Bureau and AM Best.

Amica has an impressive, award-winning customer service rating.


Is Renter’s Insurance Required in Oregon?

No. Oregon law does not mandate that you have a renter’s insurance policy.

However, your landlord or renter’s agent may require proof of a policy when you sign your lease.

Renter’s insurance protects you and your property, so regardless of whether it is required, you might consider starting a policy.

best renters insurance oregon

Does Oregon Renter’s Insurance Cover Floods?

Long story short, no.

Renter’s Insurance in Oregon does cover water damage such as a burst or frozen pipe. That is, however, not considered “flood damage.”

You may purchase a separate policy specifically for flood damage if that is a danger in your area.

THE SIMPLY INSURANCE WAY

Renters Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us.

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get renters insurance coverage within minutes of getting your quotes and applying.

What Does Oregon Renter’s Insurance Cover in 2020?

When purchasing renters insurance, Oregon residents should understand precisely what is covered and what isn't.

Renters insurance covers your personal property, accident liability to someone else's property or person, and the loss of use to your rental and possessions.

But what does that mean?

Personal Property

Your insurance policy covers loss or damage to your personal property, including furniture, appliances, clothing, and other items.

If you have a valuable collection or piece of jewelry, however, you might consider getting a separate policy for them.

Personal Liability

Liability coverage will take care of someone else’s possessions if you accidentally damage them.

The personal liability section of your insurance will also handle medical payments if a guest is injured while visiting.

Loss of Use

If damage to your rental home or apartment prevents you from living there, your renter’s insurance will cover some costs of living elsewhere.

For example, if you need to stay in a hotel and purchase groceries, those bills may be covered by your policy.

INSURANCE WHERE YOU LIVE

Renters insurance by state.

How Much Does Oregon Renter’s Insurance Cost in 2020?

Renter’s insurance in Oregon can cost anywhere from $12 to $22 a month, depending on your location and policy needs.

The state average cost is about $15 per month.

Will Renters Insurance Cover My Roommate?

No. Your renter’s insurance policy will not cover your roommate unless you add them to it.

In fact, your insurance policy may expressly exclude your roommate from their coverage. 

As always, it is best to understand the specifics of your policy coverage.

How Can I Buy Oregon Renter’s Insurance?

To buy Oregons renters insurance you should follow the below steps.

View Your Instant Quote

First, you want to click here or any of the above buttons to start the quote process, you won't need any personal information other than the address to get your quotes fast. Once you have your quotes and pick the coverage option that works best for you, it's time to get covered.

Get Your Personal Information Together

You will need your name, address, and Social Security number. The online forms guide you through several questions to learn more about the rental you will be living in and what coverage you need. 

Start Your Online Application

Once you have all of your personal information together, your next step will be to start the application. This will be easy by just following the prompts after you complete your quote. 

Know The Safety Features Of Your Rental 

The application might ask about smoke detectors, sprinkler systems, and deadbolts. The best renters insurance will offer discounts for those features.

Sometimes, the intake form may also ask if you have pets, especially certain dog breeds. Overall the process can take less than five minutes. 

Answer Your Questions Honestly

Be sure to answer every question, truthfully. If you do not, and something happens, the company may deny your claim. Even if they do not deny your claim, you still may be committing fraud. 

Add Any Additional Interest

Some landlords may require you to add them as an additional interest; this will let them know if the policy has lapsed or when you have renewed your policy. Most companies can add this during the application process or immediately afterward.

Print Your Proof Of Insurance

Once your policy has been approved and paid for, simply print out your proof of insurance, and you're covered.

THE SIMPLY INSURANCE WAY

Renters Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us.

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get renters insurance coverage within minutes of getting your quotes and applying.

Take Action 

As we stated earlier, Lemonade is our top choice because it provides value and simplicity.

If you have a unique situation, like extremely expensive jewelry other options on our list may be better for you.

Don't waste any time thinking about this, if you need renters insurance, we’ve done the hard work for you. Get your free renters insurance quote today.


Sa El

About the author

Sa El is the Co-Founder of Simply Insurance and a licensed Insurance Agent with over 11 years of experience in the industry.  He specializes in Life & Health Insurance and is certified in Long Term Care Insurance in the state of Georgia. He is also an Official Member of the Forbes Finance Council, a licensed real estate agent in the state of Georgia (License #382602), an entrepreneur, insurance educator, and freelance writer.

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