If you’re looking for cheap renters insurance in Oregon, consider looking at quotes from Grange, Mutual of Enumclaw and Capital Insurance. In Forbes Advisor’s analysis, these companies offer the cheapest renters insurance in Oregon for a typical coverage amount of $15,000, among the companies we analyzed.
Here are average Oregon renters insurance costs for three levels of coverage.
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 |
| $113 | $143 | $187 | |
| California Casualty | $125 | $125 | $125 |
| Oregon Mutual | $131 | $206 | $299 |
| $138 | $171 | $214 | |
| $150 | $195 | $253 | |
| $241 | $261 | $344 | |
| Foremost | $274 | $322 | $383 |
| State Average | $143 | $183 | $239 |
| #colspan# | #colspan# | #colspan# |
Source: Quadrant Information Services. Rates include $100,000 in liability insurance.
More: Best renters insurance
What Does Renters Insurance Cover?
Renters insurance covers stolen, damaged or vandalized property caused by a problem listed in your policy. Your policy also protects you in cases where you’re responsible for injuries or property damage to others.
Personal property coverage
This covers your belongings and possessions. Such items include electronics, furniture, jewelry, kitchenware and clothing.
Liability insurance
This covers injuries and property damage you accidentally cause to others. For example, if a guest slips in your kitchen and sprains their wrist, liability insurance can cover their medical bills. It also covers court judgments, settlements and your legal defense costs.
Additional living expenses (ALE) coverage
If you can’t live in your home because of a problem covered by your policy (like a fire), additional living expenses covers extra costs such as hotel bills, restaurant meals and other services, such as pet boarding or laundry.
You’ll want to have enough liability insurance to cover what could be taken from you in a lawsuit. If you have assets that are greater than your renters insurance liability limits, consider an umbrella insurance policy. Umbrella insurance will provide extra coverage beyond the limits of your renters and/or auto insurance policies.
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Lemonade
$160
28 states + DC
When Can You Be Evicted in Oregon?
In Oregon, a landlord can evict you from a rental property if you:
- Violate the terms of the lease
- Fail to pay rent
Here are some examples of lease violations in Oregon:
- Unlawful occupant
- Substantial damage to unit
- Sexual assault, stalking or domestic violence while living on premises
- Causing damage to the apartment beyond normal wear and tear
- Pet causes serious injury to a neighbor
- Pet causes serious damage to rental unit on more than one occasion
- Intentionally lying about criminal history on application
- Engaging in criminal activity in the apartment
- Distributing drugs on the premises
- Failing to follow the rules of the lease
In Oregon, a landlord must wait a full seven days after your rent is due to consider the rent late. At that point, the landlord can post or deliver a 72-hour “pay or quit” notice. If you do not pay the rent or leave the premises at the end of the 72-hour period, the landlord can file with the court.
Your landlord can also evict you for “no cause” in limited circumstances. A no-cause eviction means that your landlord is not giving any reason for the eviction. For example, if you have a month-to-month lease, a landlord can evict you without cause during the first year of occupancy with a 30-day notice to terminate. After the first year, a landlord must have cause as described by Oregon law.
If you have a fixed term lease (such as a one-year lease), your landlord must have cause and provide proper notice to evict you.
Rules on Security Deposits in Oregon
When a tenancy ends in the state of Oregon, the landlord must return your security deposit within 31 days. If your landlord keeps any portion of the security deposit, they must put in writing an accounting of what the deposit was used to pay for. This notice must be delivered in person or mailed within 31 days. If your landlord wrongfully withheld any funds, you have one year to settle or file a lawsuit to collect two times what the landlord wrongfully withheld.
Landlords in Oregon are not required to pay interest for the money they hold in security deposits.
Rules on Rent Increases in Oregon
Month-to-month tenants have a set rent for the first year of tenancy. After the first year, the landlord can increase the rent at any time, as long as they give a 90-day written notice.
Oregon currently has set rent control increases at 7.0% plus the consumer price index (CPI) from the previous calendar year. For example, the CPI from December 2020 to December 2021 was 7%. In the calendar year of 2022, landlords could not increase the rent more than 14% (7% + 7% CPI).
In a fixed-term lease, your rent cannot increase unless specifically written into the lease. At the end of the fixed term, you can sign another fixed-term lease or roll over into a month-to month lease. If you choose month-to-month, the landlord can increase your rent at any time, as long as they give a 90-day written notice.
If you have a week-to-week tenancy, then your rent can be increased with a seven day written notice.
All written notices must have the following:
- The date the increase is effective
- The amount of the new rent
- The amount of the increase
- Information about Oregon’s rent control
When Can a Landlord Enter Your Apartment?
While the landlord owns the property, a tenant has a right to privacy. In Oregon, a landlord cannot enter the premises with less than 24 hours notice.
There are some exemptions to the 24-hour-notice rule:
- In an emergency, such as a burst water pipe.
- If you ask in writing for specific repairs, your landlord generally has a seven-day period to make the repairs without giving advance notice.
- If you and your landlord agree that less notice or no notice is acceptable before an entry for a specific situation.
- If your landlord reasonably believes you moved or abandoned the unit.
- If your unit is for sale, you may agree the landlord can show your unit without providing 24-hour notice (you do not have to agree to this type of arrangement).
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