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Cheapest car insurance in Oregon for 2023
State Farm, Oregon Mutual and Geico are writing some of the cheapest car insurance policies in Oregon.
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What To Know First
Using data from Quadrant Information Services, Bankrate's insurance editorial team did a deep dive into Oregon's car insurance options. We found that the average rate for full coverage insurance is $1,415 annually, while state-mandated minimum coverage has an average annual cost of $616. These were both below the national annual averages of $2,014 for full coverage and $622 for minimum coverage. Taking a closer look at the data, we found the best companies for cheap Oregon car insurance for specific situations:
- Cheapest company for minimum coverage: State Farm
- Cheapest company for full coverage: Oregon Mutual
- Cheapest company for adding a teen driver: Oregon Mutual
- Cheapest company after a speeding ticket conviction: Oregon Mutual
- Cheapest company after an at-fault accident: Oregon Mutual
- Cheapest company after a high-risk incident: State Farm
On This Page
- The cheapest car insurance companies in Oregon
- The cheapest car insurance companies in Oregon by coverage level
- The cheapest cities in Oregon for car insurance
- Factors that impact cheap rates in Oregon
- Minimum coverage requirements for Oregon drivers
- How to get the cheapest car insurance in Oregon
- Car insurance discounts in Oregon
- Frequently asked questions
The cheapest car insurance companies in Oregon
Finding the best cheap car insurance in Oregon will depend on your situation, and it's a good idea to collect multiple quotes from insurers before deciding on how you can best save on car insurance. Insurance costs are based on multiple factors, so you will need to do some research to find out which one offers you the cheapest rate. Some of the cheapest car insurance in Oregon can be found at these companies:
Cheapest company for minimum coverage
Company | Average monthly minimum coverage premium | Average annual minimum coverage premium |
---|---|---|
State Farm | $36 | $432 |
Cheapest company for full coverage
Company | Average monthly full coverage premium | Average annual full coverage premium |
---|---|---|
Oregon Mutual | $76 | $912 |
Cheapest company for adding a teen driver
Company | Average monthly minimum coverage premium | Average annual minimum coverage premium |
---|---|---|
Oregon Mutual | $66 | $796 |
Cheapest company for getting a speeding ticket
Company | Average monthly minimum coverage premium | Average annual minimum coverage premium |
---|---|---|
Oregon Mutual | $36 | $435 |
Cheapest company for being in an at-fault accident
Company | Average monthly minimum coverage premium | Average annual minimum coverage premium |
---|---|---|
Oregon Mutual | $44 | $523 |
Cheapest company after a high-risk incident
Company | Average monthly minimum coverage premium | Average annual minimum coverage premium |
---|---|---|
State Farm | $54 | $644 |
The cheapest car insurance companies in Oregon by coverage level
The state-required minimum coverage in Oregon includes liability insurance plus personal injury protection and uninsured motorist coverage. If you purchase the minimum amount required by law, you will pay an average cost of $616 a year. Full coverage includes the minimums plus optional collision and comprehensive coverage types. This provides more robust coverage for your vehicle, but at a higher average cost of $1,415 a year.
Insurance company | Average monthly minimum coverage premium | Average annual minimum coverage premium | Annual savings vs. State average* |
---|---|---|---|
State Farm
4.2
Bankrate Score
|
Average monthly minimum coverage premium
$36
|
Average annual minimum coverage premium
$432
|
Annual savings vs. State average*
- $184 |
Oregon Mutual
3.8
Bankrate Score
|
Average monthly minimum coverage premium
$36
|
Average annual minimum coverage premium
$435
|
Annual savings vs. State average*
- $181 |
Geico
4.4
Bankrate Score
|
Average monthly minimum coverage premium
$39
|
Average annual minimum coverage premium
$467
|
Annual savings vs. State average*
- $149 |
Travelers
4.0
Bankrate Score
|
Average monthly minimum coverage premium
$39
|
Average annual minimum coverage premium
$472
|
Annual savings vs. State average*
- $144 |
USAA
4.3
Bankrate Score
|
Average monthly minimum coverage premium
$40
|
Average annual minimum coverage premium
$483
|
Annual savings vs. State average*
- $133 |
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
*Based on policies with minimum coverage for 2023
Insurance company | Average monthly full coverage premium | Average annual full coverage premium | Annual savings vs. State average* |
---|---|---|---|
Oregon Mutual
3.8
Bankrate Score
|
Average monthly full coverage premium
$76
|
Average annual full coverage premium
$912
|
Annual savings vs. State average*
- $503 |
General Casualty Insurance
|
Average monthly full coverage premium
$82
|
Average annual full coverage premium
$983
|
Annual savings vs. State average*
- $432 |
State Farm
4.2
Bankrate Score
|
Average monthly full coverage premium
$83
|
Average annual full coverage premium
$993
|
Annual savings vs. State average*
- $422 |
Mutual of Enumclaw
|
Average monthly full coverage premium
$90
|
Average annual full coverage premium
$1,078
|
Annual savings vs. State average*
- $337 |
Travelers
4.0
Bankrate Score
|
Average monthly full coverage premium
$94
|
Average annual full coverage premium
$1,128
|
Annual savings vs. State average*
- $287 |
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
*Based on policies with full coverage for 2023
The cheapest cities in Oregon for car insurance
Your ZIP code is one of the factors that will play a role in determining your premium in Oregon. Generally, policyholders in larger cities, where there is more chance of fender benders and other accidents on congested roadways, will pay more than those in rural areas. If you live in a neighborhood that sees frequent car theft, you may also pay more. Here are sample rates for cheap insurance in Oregon from some of the state's cities:
City | City average annual minimum coverage premium | Cheapest car insurance company | Company average annual minimum coverage premium |
---|---|---|---|
Mount Vernon | $459 | State Farm | $262 |
Canyon City | $459 | State Farm | $282 |
Seneca | $464 | State Farm | $282 |
Heppner | $467 | State Farm | $290 |
Monument | $478 | State Farm | $269 |
City | City average annual full coverage premium | Cheapest car insurance company | Company average annual full coverage premium |
---|---|---|---|
Crabtree | $1,289 | State Farm | $833 |
Veneta | $1,290 | Oregon Mutual | $812 |
Bandon | $1,291 | State Farm | $808 |
Adams | $1,292 | State Farm | $791 |
Prineville | $1,293 | State Farm | $798 |
Factors that impact cheap rates in Oregon
In addition to your ZIP code, there are multiple other factors that impact your rate. Here are some of the most common reasons why you might pay more for insurance in Oregon.
Insuring a teen driver
Because teens do not have extensive years of experience behind the wheel, they may have a hard time finding low-cost car insurance in Oregon. In fact, teens pay some of the highest rates for insurance of any age group. But that doesn't mean you can't find savings. If you’re insuring a teen driver, consider getting quotes from some of these cheap Oregon car insurance companies where you may be more likely to find a premium that works for you.
Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
---|---|---|
Oregon Mutual | $796 | $1,559 |
State Farm | $914 | $2,055 |
Travelers | $936 | $2,371 |
Mutual of Enumclaw | $950 | $1,851 |
Geico | $990 | $2,669 |
Getting a speeding ticket
If you receive a speeding ticket conviction in Oregon, you may see an increase in your rate. Your insurer may determine that your driving skills make you more likely for future claims, leading to increased likelihood of heightened rates as your insurer covers their risk. However, it may still be possible to find cheap auto insurance in Oregon by checking out the following insurers writing some of the most affordable car insurance policies in the state.
Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
---|---|---|
Oregon Mutual | $435 | $912 |
State Farm | $492 | $1,129 |
Geico | $537 | $1,436 |
Capital | $582 | $1,342 |
Travelers | $595 | $1,466 |
Getting into an at-fault accident
Unless you have accident forgiveness as an optional coverage on your policy, a single at-fault accident can be enough for your premium rate to rise. Every insurer has their own algorithms to determine how much — if at all — your rate will rise following an accident, so if your rate increases drastically, take time to gather quotes from other companies to see if you could do better with another company.
Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
---|---|---|
Oregon Mutual | $523 | $1,149 |
State Farm | $571 | $1,294 |
General Casualty Insurance Company | $610 | $1,296 |
Travelers | $621 | $1,522 |
Capital | $629 | $1,461 |
Being deemed a high-risk driver
Being deemed a high-risk driver can have a significant impact on your rate. This may occur if you have multiple speeding ticket convictions or moving violations, though few factors impact your rate as much as a single DUI. Driving under the influence is taken seriously in Oregon, and your rate will increase if you face a DUI conviction. Having said that, though, you can still find a reasonable rate by shopping around and collecting quotes from multiple insurers. Consider the following companies, which may offer more affordable car insurance in Oregon for those with DUIs.
Keep in mind that a DUI may make you ineligible for coverage with some insurers, so it’s important to speak with a licensed agent to verify their requirements.
Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
---|---|---|
State Farm | $644 | $1,454 |
Travelers | $698 | $1,677 |
Oregon Mutual | $710 | $1,503 |
Capital | $732 | $1,620 |
USAA | $781 | $1,885 |
Minimum coverage requirements for Oregon drivers
Like most states, Oregon requires drivers to carry a certain minimum amount of coverage in order to drive legally. Oregon’s minimum coverage cost $616 per year on average, though your rate may differ. According to Oregon law, you must have the following:
- $25,000 bodily injury liability per person
- $50,000 per accident bodily injury liability
- $20,000 per accident property damage liability
- $15,000 personal injury protection (PIP)
- Uninsured motorist coverage of $25,000 per person and $50,000 per accident bodily injury liability
When looking for cheap car insurance in Oregon, you may assume minimum coverage is sufficient. However, only carrying the minimums could leave you financially vulnerable in costly accidents. Many insurance experts recommend that you purchase higher limits up to what you can afford. Remember that if the costs of an accident are higher than your coverage limits, you would be required to pay out-of-pocket for those costs.
You may also want to consider adding collision and comprehensive coverage to protect your investment in your vehicle. If you have a car loan or lease, your lender may require you to have these optional coverage types, which constitute full coverage.
How to get the cheapest car insurance in Oregon
If you need to know how to save on car insurance in Oregon, there are several strategies that can help. Consider the following when looking for Oregon car insurance savings:
Shop around
You might think that multiple insurers will give you the same rate for the same levels of coverage, but this isn't true. Each company has its own method of determining rates, so asking for quotes from a range of carriers may enable you to find a cheaper rate than you would if you just work with a single company.
Consider discounts
Almost every insurance company offers at least a handful of discounts, and many of them are easy to qualify for. When obtaining quotes, either online or through an agent, make sure that all potential discounts are being taken into consideration so you're sure of getting the lowest quote possible.
Raise your deductible
While taking on more financial risk as the tradeoff, raising your deductible for your collision and comprehensive coverage may be a useful savings technique. This will immediately lower your rate, but you want to ensure you don’t raise it so high that you would struggle to pay it following an accident. A good strategy is to set aside the amount of your deductible in a savings account so that you will have it if you need it.
Car insurance discounts in Oregon
Discounts can play a major role in determining your premium, and they are common with Oregon insurance companies. You can generally find a list of each company's available discounts on their website, but here are a few of the more common ones:
- Young driver discounts: High school and college students can often earn a discount if they maintain a "B" average or higher. They may also save money if they are attending a school more than 100 miles away from where their car is garaged.
- Safe driver discounts: Many insurers use optional telematics programs to monitor their policyholders' driving skills in real time through the use of a smartphone app. If you prove to be a safe driver, you could save considerably on your premium.
- Other discounts: Some insurers offer discounts to members of certain professions, such as teachers and first responders. Military discounts are also common. There may be discounts as well for auto safety features such as air bags and antilock brakes, or security systems.
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2023 rates for 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 2021 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.
Bankrate Scores
Our 2023 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.
Like our previous Bankrate Scores, each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. This year, our 2023 scoring model provides a more comprehensive view, indicating when companies excel across several key areas and better highlighting where they fall short.
- Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2023 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best and the NAIC, were analyzed.
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.