Cheapest Car Insurance In Oregon For 2024

State Farm is one of the top choices for cheap car insurance in Oregon. They offer good prices and reliable service.

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Bob Phillips
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Searching for affordable car insurance in Oregon can sometimes feel like navigating a maze. With countless providers offering a myriad of policies, finding the cheapest option can be a daunting task. However, armed with the right knowledge and strategies, uncovering budget-friendly insurance rates is entirely achievable.

Drawing from my experience of over ten years in the insurance industry, I’ve carefully studied the details of various insurance policies to help you understand your options better. I’ve looked closely at many insurance companies to give you the most important information.

My aim is to give you the tools you need to make a smart decision about your insurance. I want you to feel confident and secure when you’re driving, knowing you have the right coverage for your needs.

Cheapest Car Insurance Providers In Oregon

Cheapest Car Insurance, Oregon, 2024

Our Methodology

To find the best car insurance, I conducted thorough research on various insurance companies. This involved comparing their prices, coverage options, and customer satisfaction ratings. Additionally, I reached out to insurance agents to gather more detailed information about each provider. After analyzing all the data, I compiled a comprehensive report to assist individuals in making informed decisions when selecting their car insurance.

89

Quotes Analyzed

15+

Years Of Industry Experience

16

Brands Reviewed

35+

Research Hours

Cheapest Car Insurance In Oregon For Young Drivers

In Oregon, young adults usually pay less for car insurance than teenagers. This is because as drivers get older, they tend to drive more responsibly and take fewer risks. Data shows that young adults are less likely to make insurance claims, which means they’re in fewer accidents. Because of this, insurance companies lower their rates for young adults, seeing them as safer drivers with fewer chances of accidents.

Cheapest Oregon Car Insurance For 16-Year-Olds

Country Financial has the cheapest rates for 16-year-olds, with an average monthly premium of $262.

Provider Average Monthly Cost Average Annual Cost
Country Financial $262 $3,142
State Farm $361 $4,326
Travelers $393 $4,716
GEICO $403 $4,839
USAA $472 $5,669

Cheapest Oregon Car Insurance For 17-Year-Olds

Country Financial has the cheapest rates for 17-year-olds, with an average premium of $319.

Provider Average Monthly Cost Average Annual Cost
Country Financial $205 $2,456
USAA $225 $2,698
State Farm $226 $2,717
GEICO $250 $3,002
American Family Insurance $326 $3,916

Cheapest Oregon Car Insurance For 18-Year-Olds

Country Financial has the cheapest rates for 18-year-olds, with an average monthly premium of $181.

Provider Average Monthly Cost Average Annual Cost
Country Financial $181 $2,168
USAA $187 $2,246
State Farm $198 $2,377
GEICO $206 $2,473
American Family Insurance $282 $3,383

Cheapest Oregon Car Insurance For 21-Year-Olds

Geico has the cheapest rates for 21-year-olds, with an average monthly premium of $229.

Provider Average Monthly Cost Average Annual Cost
GEICO $126 $1,516
State Farm $132 $1,586
USAA $135 $1,619
Country Financial $139 $1,670
Travelers $177 $2,122

Cheapest Car Insurance In Oregon For Drivers With Poor Credit

GEICO has the cheapest rates for drivers with poor credit in Oregon, offering average monthly rates at $196.

Provider Average Monthly Cost Average Annual Cost
GEICO $196 $2,351
Country Financial $202 $2,427
State Farm $249 $2,983
USAA $252 $3,021
Progressive $277 $3,329

The importance of credit scores cannot be overstated when it comes to determining car insurance rates. Insurers rely heavily on credit scores to gauge the risk associated with a driver. The reasoning behind this is that individuals with lower credit scores tend to file more insurance claims, making them higher-risk customers in the eyes of insurers. As a result, these individuals often face higher insurance premiums as a reflection of this increased risk.

As a result, individuals with poor credit ratings often encounter higher insurance expenses compared to those with better credit. Credit scores serve as an indicator of a driver’s overall responsibility and reliability, reflecting not only their driving record but also their financial stability and management abilities.

Despite this common scenario, some insurance providers offer relief to drivers with less-than-ideal credit histories. These companies tailor their policies to provide more competitive rates, mitigating the impact of poor credit compared to standard offerings. They take a broader view of risk assessment, considering various factors beyond just the credit score.

Cheapest Auto Insurance In Oregon For Full Coverage

Dairyland has the cheapest rates for full coverage car insurance in Oregon, offering average monthly rates at $109.

Provider Average Monthly Cost Average Annual Cost
Dairyland $109 $1,313
Progressive $110 $1,326
Mutual of Enumclaw $112 $1,340
American Family $115 $1,386
Travelers $118 $1,413

Full coverage car insurance, unlike minimum coverage, offers extensive protection for drivers. It combines comprehensive and collision insurance, providing a robust safety net. Comprehensive insurance covers incidents like theft, vandalism, and natural disasters, while collision insurance pays for damages to your vehicle in accidents, regardless of fault.

This dual-layered approach ensures protection in various scenarios, making it ideal for newer or high-value vehicles. While full coverage costs more than minimum coverage, it provides greater protection, making it essential for safeguarding newer or pricier vehicles.

Cheapest Car Insurance For Minimum Coverage

California Casualty has the cheapest rates for minimum coverage car insurance in Oregon, offering average monthly rates at $41.

Provider Average Monthly Cost Average Annual Cost
California Casualty $41 $490
Mutual of Enumclaw $46 $546
USAA $46 $552
GEICO $47 $563
Travelers $49 $583

Minimum coverage car insurance in Oregon provides the basic level of protection required by the state. It typically includes two main components: Bodily Injury Liability (BIL) and Property Damage Liability (PDL).

Bodily Injury Liability covers medical expenses and related costs if you injure someone else in an accident you’re responsible for. Property Damage Liability covers the costs of repairing or replacing someone else’s property if you damage it in a car accident. Minimum coverage is often chosen by drivers looking for a budget-friendly option that fulfills Oregon’s legal requirements.

However, it’s essential to understand that minimum coverage may have limitations, especially in more serious accidents or situations. For example, it may not cover your own medical expenses or the cost of repairing your vehicle. Therefore, drivers should carefully consider their individual needs and risks before opting for minimum coverage.

Cheapest Car Insurance In Oregon For Seniors

American Family has the cheapest rates for seniors in Oregon, offering average monthly rates at $78.

Provider Average Monthly Cost Average Annual Cost
American Family $78 $931
Capital Insurance Group $78 $940
Country Financial $79 $948
Travelers $86 $1,030
Progressive $86 $1,034

Car insurance in Oregon for seniors often comes with certain advantages. Seniors typically have more driving experience, which can lead to safer driving habits and fewer accidents. Insurance companies may view seniors as lower-risk drivers and offer them lower premiums as a result.

Additionally, some insurers provide discounts specifically for seniors, acknowledging their experience and the reduced likelihood of risky driving behaviors. Overall, seniors in Oregon may benefit from lower insurance rates and tailored discounts based on their age and driving history.

Cheapest Car Insurance In Oregon For Good Drivers

Drivers who follow the rules and have no accidents usually get cheaper car insurance. Insurance companies look at your driving history to see if you’re risky. If you don’t break rules or have accidents, you’re less risky. So, they charge you less for insurance. If you keep driving safely, you save money on insurance in the long run.

Provider Average Monthly Cost Average Annual Cost
State Farm $101 $1,210
Travelers $116 $1,390
USAA $117 $1,403
Country Financial $123 $1,481
GEICOdw $130 $1,558
 

Cheapest Car Insurance In Oregon For Drivers With Prior Incidents

Drivers in Oregon who have been involved in accidents, received speeding tickets, or faced DUI charges often struggle to find affordable car insurance. These incidents label them as high-risk to insurance companies. This increased risk means insurers charge them more to cover potential future claims.

This situation is common in Oregon, where traffic incidents are frequent. Insurance companies base their prices on statistics and risk assessments, showing that past incidents make future claims more likely.

Cheapest Car Insurance In Oregon For Drivers With A Speeding Ticket

State Farm has average premiums of $108, making it the cheapest option for drivers with a speeding ticket.

Provider Average Monthly Cost Average Annual Cost
State Farm $108 $1,297
Travelers $148 $1,771
USAA $150 $1,802
Country Financial $163 $1,951
Progressive $211 $2,528

Cheapest Car Insurance For Drivers With An At-Fault Accident

State Farm has average premiums of $127, making it the cheapest option for drivers with an at-fault accident..

Provider Average Monthly Cost Average Annual Cost
State Farm $127 $1,523
Travelers $153 $1,838
Country Financial $179 $2,142
USAA $179 $2,145
GEICO $255 $3,057

Cheapest Auto Insurance In Oregon For Drivers After A DUI

State Farm has average premiums of $108, making it the cheapest option for drivers with a DUI on their record.

Provider Average Monthly Cost Average Annual Cost
State Farm $108 $1,297
Country Financial $187 $2,242
USAA $195 $2,341
Progressive $195 $2,342
Oregon Mutual $239 $2,867

Average Cost Of Auto Insurance In Oregon – By Age

Age Average Monthly Cost Average Annual Cost
16 $700 $8,403
17 $427 $5,125
18 $368 $4,411
19 $260 $3,117
21 $182 $2,178
25 $178 $2,141
35 $160 $1,925
45 $153 $1,833
55 $143 $1,712
65 $107 $1,289
75 $132 $1,587

Average Cost Of Auto Insurance In Oregon – By Credit Tier

Credit Tier Average Monthly Cost Average Annual Cost
Excellent $98 $1,180
Good $119 $1,430
Fair $145 $1,751
Poor $181 $2,176

Average Cost Of Car Insurance In Oregon – By Gender & Marital Status

Gender Marital Status Average Annual Cost
Female Single $1,250
Male Single $1,350
Female Married $1,150
Male Married $1,075

 Cheapest Car Insurance In Oregon By City

City Average Monthly Cost Average Annual Cost
Portland $133 $1,592
Salem $112 $1,338
Eugene $98 $1,181
Gresham $137 $1,649
Hillsboro $114 $1,367
Beaverton $118 $1,411
Corvallis $120 $1,459

Minimum Car Insurance Requirement In Oregon

In Oregon, the minimum car insurance requirements are regulated by law and include the following components:

Bodily Injury Liability (BIL): This coverage pays for injuries or death that you cause to other people in a car accident. The minimum required coverage in Oregon is $25,000 per person and $50,000 per accident.

Property Damage Liability (PDL): PDL covers the damage you cause to other people’s property in a car accident, such as vehicles or structures. The minimum required coverage in Oregon is $20,000 per accident.

Personal Injury Protection (PIP): Unlike some other states, Oregon does not require Personal Injury Protection (PIP) coverage. However, PIP is commonly included in auto insurance policies as it provides coverage for medical expenses, lost wages, and other related costs for you and your passengers, regardless of fault in an accident.

If you choose not to carry PIP coverage, you are still responsible for covering your own medical expenses in the event of an accident. Alternatively, some drivers opt for Medical Payments (MedPay) coverage, which is similar to PIP but may have different coverage limits and requirements.

It’s important to note that while these are the minimum coverage requirements mandated by the state, they may not provide sufficient protection in the event of a serious accident. Drivers should consider their individual needs and circumstances when selecting their coverage levels to ensure adequate financial protection on the road.

Car Insurance Discounts In Oregon

When looking for car insurance, it’s smart to investigate providers that offer discounts suited to your needs. Moreover, discussing with your insurance agent can uncover potential discounts you may not be aware of. Here’s a deeper look into the typical types of discounts offered by leading car insurance companies:

  • Safe Driver Discount: Drivers with a clean driving record often qualify for lower premiums. This discount rewards those who have avoided accidents and traffic violations.
  • Multi-Vehicle Discount: Insuring multiple vehicles with the same insurance provider can lead to discounted rates for each vehicle on the policy.
  • Multi-Policy Discount: Bundling your car insurance with other policies, such as homeowners or renters insurance, can result in significant discounts on all policies.
  • Good Student Discount: Students with good academic performance may be eligible for lower insurance rates, reflecting the assumption that responsible students are also responsible drivers.
  • Defensive Driving Course Discount: Completing a defensive driving course can demonstrate your commitment to safe driving and may qualify you for a discount on your insurance premiums.
  • Low Mileage Discount: If you drive fewer miles than the average driver, you may be eligible for a discount since lower mileage reduces the risk of accidents.
  • Vehicle Safety Features Discount: Cars equipped with safety features such as anti-lock brakes, airbags, and anti-theft devices may qualify for discounts due to the reduced risk of accidents and theft.
 

FAQs

How much is car insurance a month in Oregon?

The average cost of car insurance per month in Oregon varies based on factors such as age, driving record, and coverage options, but it typically ranges from $100 to $200 per month.

What is the minimum car insurance one must have in Oregon?

The minimum car insurance required in Oregon includes:

  • $25,000 bodily injury liability coverage per person
  • $50,000 bodily injury liability coverage per accident
  • $20,000 property damage liability coverage per accident
  • Personal Injury Protection (PIP) coverage of $15,000 per person
  • Uninsured motorist coverage of $25,000 per person and $50,000 per accident

Which insurance is better in Oregon?

The “better” insurance provider in Oregon depends on individual preferences, needs, and circumstances. It’s advisable to compare quotes, coverage options, customer reviews, and financial stability ratings to determine the best insurance company for your specific requirements.

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