Average cost of car insurance in Oregon in 2023

The average cost of car insurance in Oregon is $1,371 a year for full coverage and $625 a year for minimum coverage. The full coverage annual rate is well below the national average of $1,771. However, the cost of minimum coverage in Oregon is higher than the national average of $545 per year.

How much does car insurance cost in Oregon?

How much car insurance costs in Oregon depends on many rating factors. Variables such as age, driving record, claims history, chosen insurance company, coverage types and levels, the car you drive and the Oregon ZIP code you live in impact your cost of car insurance. To determine the average cost of car insurance, Bankrate uses 2022 data pulled from Quadrant Information Services.

Although full coverage car insurance is generally more expensive than minimum coverage, it can offer more financial protection if you’re in an accident. Knowing the difference between full and minimum coverage, not just in price but in coverage protection, and how companies differ in premium based on rating variables can help you when shopping for the best coverage and price for your insurance needs.

Oregon car insurance rates by company

Oregon car insurance can vary widely by insurance company. Based on the premium data we reviewed, the cheapest car insurance in Oregon for minimum coverage are State Farm, Geico and USAA, while the cheapest full coverage insurance is through USAA, State Farm and Mutual of Enumclaw. The rate differences by company are one reason to get multiple quotes for the same coverage types and limits, so you can compare rates by company and get the lowest rate on the coverage you need.

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Oregon car insurance rates by city

The city and ZIP code you live in also factor into your Oregon car insurance rates. Insurance carriers use city-specific variables like population density, crime statistics, claim frequency and cost of living in the ZIP code to determine rates in the area. For minimum coverage, we found the cheapest Oregon cities to be Bend and Medford, while the cheapest full coverage rates are in Medford and Corvallis, based on our assessment.

Oregon car insurance rates by age

Another factor that many states, including Oregon, use to determine car insurance rates is age. The tables below illustrate the rate difference by age for younger drivers on their parents’ policy and those 18 and over on their own policy. Generally, teens under 18 cannot have their own policy. Typically, young drivers stay insured under their parents’ policy until they move out and are financially independent.

Average cost of car insurance for drivers on their parents’ policy

Average cost of car insurance for drivers on their own policy

Oregon car insurance rates by driving record

Safe drivers typically pay lower car insurance rates because it shows the insurance company they are at a lower risk of getting into an expensive accident. Any violations on your record, like an at-fault crash or a speeding ticket, can cause a rate increase. In the table below, you can see how much car insurance premiums increase, on average, after a speeding ticket, an accident and a DUI.

How to save on car insurance in Oregon

Car insurance rates in Oregon are not overly expensive, but there are ways you may be able to save some money and earn a lower premium. Here are some suggestions for getting cheap car insurance:

• Get several quotes: To find the best rate for your coverage preferences, get multiple car insurance quotes from different carriers. This way, you can evaluate coverage options and pricing to find the right carrier.
• Improve your credit score: If you have a poor credit score, you may pay a higher car insurance premium. Raising your credit score, even by a few points, can help you get a lower rate.
• Pay your premium in full: Paying your premium upfront and in full may help you get a cheaper rate, if you can afford the out-of-pocket cost.
• Take a defensive driver course: Many insurance companies offer a discount to drivers who complete an approved defensive driver or driver safety course.
• Raise your deductibles: Increasing your comprehensive and collision deductibles could lower your premium. Just make sure you can afford a higher deductible if you need to file a claim.
• Switch carriers: If you find a different insurance company that can offer you a better deal, you can usually switch carriers during your policy period.

Estimate your car insurance cost in Oregon

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $50,000 property damage liability per accident
• $100,000 uninsured motorist bodily injury per person
• $300,000 uninsured motorist bodily injury per accident
• $500 collision deductible
• $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Age: Rates were calculated by evaluating our base profile with the ages 16-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowners and on their parent’s or their own policy. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.