The average cost of car insurance in Beaverton, Oregon is $775 per year for minimum coverage and $1,495 per year for full coverage. While you may be torn between finding the best and the cheapest car insurance in Beaverton, there is no need to choose between solid coverage and low prices. There are numerous auto insurance companies that offer below-average rates and robust coverage options in Beaverton, including Geico, State Farm and Travelers.
In 2019, there were over 50,000 vehicle crashes in Oregon, further solidifying the need for proper auto insurance coverage. Bankrate’s research might help you find a car insurance policy in Beaverton that fits both your needs and your budget.
Best car insurance companies in Beaverton
In the search for the best car insurance in Beaverton, Bankrate’s insurance editorial team analyzed average annual rates provided by Quadrant Information Services as well as coverages, discounts, policy features and third-party rankings for the largest insurance carriers in the city.
When shopping for the best car insurance, Beaverton drivers might want to get quotes from these providers:
|Insurance company||J.D. Power score
|Average annual premium for minimum coverage||Average annual premium for full coverage|
Travelers offers the standard insurance coverage options you might expect from a large national carrier, but also offers specialty coverages such as rideshare insurance and new car replacement. Where Travelers stands out is the amount of unique discounts. Policyholders might be able to save by bundling policies, driving an electric vehicle and maintaining coverage without any renewal gaps.
Learn more: Travelers Insurance review
Geico started offering insurance products over 75 years ago and has become the second-largest provider of auto insurance in the country based on market share. Geico does score a little lower among the carriers listed on the J.D. Power survey, but it does maintain an A++ rating (Superior) financial strength rating with AM Best. Geico does not offer the widest range of coverage options, but you may be pleased with the long list of discounts available.
Learn more: Geico Insurance review
Progressive was founded in 1937 and is now the third-largest provider of auto insurance in the U.S based on market share. Like Geico, Progressive does not perform as well in the J.D. Power survey as some other companies but does earn an A+ (Superior) financial strength rating with AM Best. The company’s discounts are extensive, with savings options ranging from multi-car and multi-policy to paperless statements and paying premiums in full.
Learn more: Progressive Insurance review
State Farms earns the highest customer satisfaction ranking with J.D. Power in the Northwest region, scoring 844 out of 1,000 points. While State Farm does not offer as many unique coverage options as other carriers, it does offer innovative communication features. The highly-rated smartphone app allows you to access policy management features, including contacting your local agent if necessary.
Learn more: State Farm Insurance review
Cheapest car insurance in Beaverton
The average cost of insurance in Beaverton is $775 annually for minimum coverage and $1,495 annually for full coverage. Oregon’s average full coverage premium is $1,346 per year, and the national average annual premium for a full coverage policy is $1,674. On average, Beaverton drivers pay less than the national average but a bit more than the Oregon average for full coverage each year.
While finding the cheapest rates available can help you get coverage that fits your budget, there are more factors to consider than just price. For instance, Geico does not offer the number of coverage options other carriers, like Progressive and Nationwide, offer. However, Geico offers a variety of discounts for savings above and beyond lower premiums.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
Beaverton insurance requirements
Oregon requires drivers to carry at least a minimum amount of car insurance coverage to legally drive. In Oregon, the minimum required coverages are:
- $25,000 bodily injury per person
- $50,000 bodily injury per accident
- $20,000 property damage to others
- $15,000 personal injury protection (PIP)
- $25,000 uninsured motorist bodily injury per person
- $50,000 uninsured motorist bodily injury per accident
Minimum coverage can be one of the cheapest options for car insurance but might not be the best choice for your long-term financial health. You are responsible for paying for the damages and injuries that you cause in an at-fault accident. If those bills exceed your insurance amount, you will need to pay out of pocket. Higher liability limits provide more financial protection to help you avoid the stress of these bills.
Additionally, comprehensive and collision are not included in state minimum requirements. These options add coverage for damage to your own vehicle. If you have a loan or lease on your vehicle, your lender likely requires you to carry a full coverage policy, which includes comprehensive and collision.
Car insurance discounts in Beaverton
To find the cheapest auto insurance rates, one of the best strategies is to use as many discounts as possible. Most insurance companies in Beaverton offer a range of discounts that might help lower your premium. Common discounts include:
- Multi-vehicle: Insuring more than one vehicle with the same company often qualifies you for a multi-vehicle discount.
- Multi-policy: If you have already purchased a homeowners or renters insurance policy from a carrier, ask about the discount available if you add an auto insurance policy.
- Good student: For full-time students under 25, maintaining a B average or higher might help you earn a good student discount with some companies.
- Homeowner discount: This discount is sometimes available to policyholders who own a home, regardless of what company has the home insurance policy.
Knowing the variety of discounts available is a smart way to save on premiums with very little effort required. There are numerous methods to save in addition to these, including going paperless with statements, paying in full each renewal period and signing up for telematics programs.
Frequently asked questions
What is the best car insurance company?
To find the best car insurance company in Beaverton, you may want to compare quotes from multiple carriers. This will allow you to review financial strength ratings, customer service reviews, coverage options and discounts available. Knowing this information might help you determine which is the best option for your lifestyle and budget.
How much car insurance do I need in Beaverton?
You only need to purchase Oregon’s minimum coverages to drive legally, but you may need more coverage depending on your circumstances. Drivers with financed or leased vehicles will likely need to add comprehensive and collision coverages. Most insurance experts also recommend that you purchase higher levels of liability coverage than the state minimum. Additionally, there are often several optional coverages, like roadside assistance and car rental coverage, that you may want to consider.
What factors determine my car insurance premium?
Insurance companies have proprietary ways of rating policies. Most companies use your age and gender, the type of vehicle you drive, the coverages and levels you choose, your driving history and your ZIP code to determine your premium. Insurance premiums are based on risk. Insurance companies will generally charge risky drivers a higher premium to compensate for the greater likelihood of claims.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. 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 coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.