Cheapest Non-Owner Car Insurance In Oregon 2024

State Farm provides non-owner car insurance in Oregon for an average of $453 per year, making it the most affordable choice. These policies are ideal for drivers without a car who need liability coverage when driving someone else’s vehicle or a rental.

Does Oregon Allow Non-Owner Car Insurance?

In Oregon, non-owner car insurance is an option for individuals who occasionally drive but don’t own a car. These policies cover liability for bodily injury and property damage to meet state laws.

Cheapest Overall Non-Owner Car Insurance In Oregon

In Oregon, the most affordable non-owner car insurance comes from State Farm, averaging $453 annually.

Cheapest Non-Owner Car Insurance With A Clean Driving Record

In Oregon, drivers with clean records can get the cheapest non-owner car insurance from State Farm, at $453 per year on average.

Cheapest Non-Owner SR-22 Car Insurance In Oregon

In Oregon, drivers needing non-owner SR-22 insurance can find the lowest rates with State Farm, averaging $546 annually.

What Is Non-Owner Car Insurance?

Designed for drivers without a car of their own, non-owner car insurance provides liability coverage. It covers expenses for injuries and property damage caused by the driver in an accident. This type of policy is well-suited for individuals who frequently rent, borrow, or share cars. Personal injuries or damage to the borrowed vehicle are not included in this coverage.

Oregon Minimum Auto Insurance Requirements

Oregon law requires drivers to carry minimum auto insurance coverage. This includes $25,000 for bodily injury per person, $50,000 per accident, and $20,000 for property damage. Personal injury protection (PIP) must cover $15,000 in medical expenses and lost wages, no matter who caused the crash. Uninsured motorist coverage of $25,000 per person and $50,000 per accident is also compulsory.

What Is SR-22 Insurance?

The SR-22 is not car insurance but a financial responsibility certificate needed by drivers who are considered high-risk. It shows that the driver has the state-required minimum liability insurance. The SR-22 is usually ordered after offenses such as DUIs or reckless driving and must be filed with the state by the insurance company.

Although not an insurance policy itself, the SR-22 often results in higher premiums because insurers see these drivers as higher risks. This requirement generally lasts for a few years, typically three.

Average Cost Of Non-Owner Car Insurance In Oregon

For individuals who frequently rent or borrow cars in Oregon, understanding the average cost of non-owner car insurance is crucial. This type of coverage provides necessary liability protection while being more affordable than a standard insurance policy, making it ideal for non-owners. Below, you’ll find a comparison of typical annual and monthly rates from different insurers to assist you in choosing the best option.

Average Cost Of Non-Owner Car Insurance In Oregon – By Age

In Oregon, age plays a crucial role in determining the cost of non-owner car insurance. Younger drivers usually face higher rates due to their perceived lack of experience and higher accident risk. Older drivers, however, often enjoy lower premiums as they are considered more experienced and safer behind the wheel. For example, a 20-year-old may pay around $686 annually, while a 50-year-old could pay closer to $416.

Below, we compare how insurance rates differ by age.

Average Cost Of Non Owner Car Insurance In Oregon Cities

Where you live in Oregon can significantly affect the cost of non-owner car insurance. Factors such as traffic density, crime statistics, and local laws are all considered by insurance companies when calculating premiums. Major urban areas like Salem typically have higher premiums due to the risks associated with heavy traffic and higher crime. Smaller towns, on the other hand, often have lower rates.

Below is a table showing the average rates for non-owner car insurance across five Oregon cities.

Average Rates Vs Traditional Car Insurance

Understanding the difference between non-owner and traditional car insurance is key to making smart financial decisions. Non-owner car insurance is tailored for individuals who drive but don’t own a vehicle. It mainly covers liability, offering protection against bodily injury and property damage to others, making it more cost-effective than traditional car insurance.

Traditional car insurance, on the other hand, includes coverage for damage to the vehicle, such as comprehensive and collision, resulting in higher premiums. Below is a table comparing average rates for non-owner and traditional car insurance from five providers.

Should You Get Non-Owner Car Insurance In Oregon?

Non-owner car insurance is an excellent option for individuals who need liability coverage but don’t own a vehicle. Below is a breakdown of who should consider it based on their specific situations:

• Renters: If you rent cars often, a non-owner car insurance policy could provide better protection and savings than the coverage offered by rental agencies. It ensures you have liability coverage at all times, which could be more affordable in the long run.
• Car Borrowers: People who occasionally borrow cars from others will benefit from non-owner insurance. It ensures liability coverage if you’re responsible for an accident while driving someone else’s vehicle without depending on their insurance policy.
• License Reinstatement: Non-owner insurance is frequently required for drivers who need to reinstate their licenses after serious violations, such as DUIs. Pairing it with an SR-22 filing ensures you meet state financial responsibility requirements.
• Infrequent Drivers: Non-owner car insurance is a great solution if you rarely drive but want to maintain continuous coverage. This prevents any gaps in your insurance history, which could result in higher premiums in the future.
• Drivers Between Cars: If you’ve sold your car or are between vehicles, a non-owner car insurance policy can provide temporary liability coverage. It keeps you insured during the transition and helps maintain a clean insurance record.

Average Non-Owner Car Insurance Rates vs Other US States