Renters Insurance in Oregon

Get your stuff covered in the Beaver State.

Team LemonadeTeam Lemonade

Looking for the best renters insurance in Oregon? Whether you’re a punk activist in Portland or a biology professor in Corvallis, renters insurance is an easy way to make sure your stuff is protected.

There’s a good chance that you don’t even know all of the ways in which a renters insurance policy in Oregon can have your back when unfortunate things happen.

Surfing at Bandon Beach, Oregon
Surfing at Bandon Beach, OR

Whether you’re out surfing at Bandon Beach, or taking a day trip to Eugene, your renters insurance coverage ensures your stuff back home is protected.

Lemonade, an insurance company with an all-digital sign-up process, offers an affordable renters insurance option in Oregon. In just a few minutes, you could get a renters insurance quote with rates as low as $5/month.

We’ll delve into some basic info about what your policy will cover, provide links to more in-depth guides and resources, and share some of the things we love about the Beaver State.

What does your Oregon renters insurance policy cover?

You understand that renters insurance is a great idea in theory… but obviously you’re curious about what it can actually do for you. Let’s break down the components of what your policy covers. For a more in-depth exploration of all things renters insurance, check out our ultimate guide!

One thing to keep in mind: If you’ve got a roommate, they won’t be covered by our personal renters insurance, and they’ll want to get a separate policy of their own.

Personal Property: This coverage ensures your stuff is protected, whether you’re relaxing at home or traipsing across Europe. So if your personal belongings like living room furniture are ruined due to a covered loss like water damage from a burst pipe, or your phone is stolen while you’re taking a trip to Berlin, your insurance has your back. This coverage pertains to things like theft, vandalism, certain water damage, and many other “perils,” in insurance-speak.

Loss of Use: What if disaster strikes? If you can’t stay at your home because of covered losses (like a fire or windstorm), your ‘loss of use’ coverage provides reimbursements for additional living expenses such as food, laundry, hotel parking, and more.

Renters Insurance Liability Protection: If someone is injured on your property, or anyone on your policy causes property damage to someone else’s stuff, your insurance company should have you covered under liability coverage.

Medical Protection: Your insurer covers medical expenses if your guests get injured at your place, or if you accidentally hurt people outside of your home as well. Note that your renters insurance does not cover medical payments if you or someone residing with you are injured—only non-residents and guests.

What’s the average cost of renters insurance in Oregon?

The average price of renters insurance in Oregon is $14/month as of 2024, according to

FYI, the average for Lemonade Renters insurance across the U.S. is also about $14/month as of January 1, 2024.

Get Oregon Renters Insurance Coverage

Do I need renters insurance in Oregon?

While there’s no law requiring that you carry renters insurance in Oregon, your individual landlord might specifically require it. And if your lease specifies that you need renters insurance, well… that’s that.

The good news is that renters insurance is easy to sign up for with Lemonade, and you’ll thank yourself later if your stuff gets stolen or damaged.

We’ve found that many claims reported by Lemonade Renters policyholders in Oregon relate to theft and water damage.

When signing up, your landlord might request they be added as an ‘interested party’ on your policy. This just means they’ll be kept in the loop when you make any policy changes—or if you cancel your policy. It’s super easy to add them using the Lemonade app.

What’s the right amount of coverage to get?

Determining the right amount of coverage is not a one-size-fits-all answer, so it’s tough to say “how much renters insurance do you actually need?” without knowing more about your personal situation.

As we mentioned, your policy has a few main categories: Personal Property; Loss of Use (temporary living expenses); and then personal liability and medical bills.

You’re able to set the coverage limits for these categories when you sign up for a Lemonade policy. Lower coverage limits might save you a few bucks on your monthly premiums—but they might also leave you with insufficient coverage when you have to make a claim. It’s a balancing act.

If you’ve got valuables that are especially pricey or important—things like engagement rings, fancy cameras, musical instruments, or artworks—you can add optional coverages. That includes ‘scheduled personal property coverage’ for those items.

At Lemonade we simply call it ‘Extra Coverage’—here’s a bunch more info about that.

How can I save money on renters insurance in Oregon?

In addition to renters insurance, Lemonade also offers auto insurance, pet health insurance, and term life insurance in the state of Oregon.

Depending how you bundle your policies, you might earn savings and lower costs. A common combo might include bundling your car and renters policies together, which also means you’d be able to adjust coverages and file claims all through Lemonade’s single app.

Click below to explore your bundle discount options when combining renters insurance with pet and car insurance.

Bundle Renters, Car, & Pet

There are other ways to lower the cost of your renters insurance:

  • Lowering your coverage limits—such as for personal property, or liability coverage—can reduce your premium. However, saving a bit of cash up front by tweaking your policy limits could leave you vulnerable to paying more out of pocket later, in the event of a claim.
  • Raising your deductible might also lower your premium—but again, this means you’d be liable for more out of pocket expenses in the future.
  • Investing in safety and security services, like fire alarms or burglar alarms, can also make you eligible for discounts.


Please note: Lemonade articles and other editorial content are meant for educational purposes only, and should not be relied upon instead of professional legal, insurance or financial advice. The content of these educational articles does not alter the terms, conditions, exclusions, or limitations of policies issued by Lemonade, which differ according to your state of residence. While we regularly review previously published content to ensure it is accurate and up-to-date, there may be instances in which legal conditions or policy details have changed since publication. Any hypothetical examples used in Lemonade editorial content are purely expositional. Hypothetical examples do not alter or bind Lemonade to any application of your insurance policy to the particular facts and circumstances of any actual claim.