Car insurance in Oregon is a legal requirement for the 2,808,548 licensed drivers who own a registered vehicle in the state. The average driver pays $1,346 for a full coverage policy and $610 for a minimum coverage policy. However, Oregon drivers may be able to find more affordable car insurance by choosing a provider that offers cheap policies.
The cheapest car insurance in Oregon
Finding cheap car insurance in Oregon is relatively easy, but drivers should know that not all car insurance companies are created equal. Along with price, Bankrate reviewed J.D. Power ratings, coverage offerings and available discounts for insurance providers in Oregon. These are the best cheap car insurance providers in Oregon, and their average annual minimum coverage and full coverage premiums:
|Car insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
Travelers insurance offers the cheapest minimum and full coverage average car insurance premiums in Oregon. In addition to low rates, Travelers also offers unique coverage options, like new car replacement.
With Travelers, Oregon drivers may be able to save money on their policy by taking advantage of the company’s list of discounts. Travelers has savings options for electric and hybrid vehicle owners, homeowners, safe drivers, smart students, students away at school, paying in full, paying on time and having continuous insurance coverage.
Oregon drivers who are active duty military members or veterans qualify for USAA car insurance. USAA is widely considered to be one of the best car insurance companies on the market. Although USAA is not eligible for official ranking with J.D. Power due to its eligibility restrictions, the company consistently receives high overall customer satisfaction scores.
Despite USAA’s already low prices, policyholders also have access to a variety of discounts, including savings for insuring a new vehicle, being a legacy customer, garaging a vehicle on a military base, being a good student and taking a defensive driving course.
State Farm car insurance policies are cheaper than the Oregon statewide average rate. The average driver pays $1,093 for a full coverage policy and $527 for a minimum coverage policy. Drivers can also take advantage of discounts to get a lower rate. The company also ranks above industry average in the 2020 J.D. Power U.S. Auto Claims Satisfaction Study, which may indicate that customers are generally happy with its claims service.
In Oregon, State Farm policyholders can save money on insurance by enrolling in one of the safe driver discount programs, Drive Safe & Save, which is designed for adults, or Steer Clear, which is for teen drivers. There are also discounts for being a good student, taking a defensive driving course, having a vehicle with an anti-theft device, insuring multiple cars and bundling multiple insurance policies.
Nationwide is an established insurance company — it has been in business since 1926 — that provides auto, home, life and business insurance, among other products. If you like having all your insurance products in one place, Nationwide could be a good option for you.
Nationwide offers two telematics programs that could help you save on your auto insurance premium. SmartRide tracks your driving habits, like hard braking and acceleration, nighttime driving and idle time, and awards you a discount based on your metrics. SmartMiles may be a good option is your driving habits vary month-to-month, or if you drive very few miles. You have to be set up on a monthly payment plan to take advantage of this program, but you will only be charged according to the actual number of miles you have driven the prior month.
Country Financial is only available in 19 states, and Oregon is one of them. Although its premiums are the highest on our list — and its average full coverage premium is slightly higher than Oregon’s average — Country Financial may still be worth you getting a quote.
Country Financial has a smaller reach than the other companies on our list, but that could mean that its agents are more in tune with the specific needs of Oregon drivers. Country Financial offers basic car insurance policies with optional coverages to tailor your coverage to your needs. For example, if you have a car that is within four-model-years old and it is totalled, Country Financial’s “The Keeper” coverage will pay you the cost to buy a brand-new version of the same vehicle.
Affordable coverage for Oregon drivers
Drivers in Oregon are required to carry a minimum amount of personal liability insurance coverage. Oregon’s minimum coverage is represented as 25/50/20, which includes:
- $25,000 in bodily injury coverage per person
- $50,000 in bodily injury coverage per accident
- $20,000 in property damage coverage per accident.
Oregon drivers are also required to carry Personal Injury Protection (PIP), with minimum coverage limits of $15,000 per person. PIP insurance covers medical expenses and lost wages for you and anyone in your vehicle after a crash, regardless of which driver is responsible. Oregon drivers must also carry uninsured motorists coverage with limits of $25,000 per person and $50,000 per accident.
Drivers who purchase the minimum amount of required insurance often pay the lowest rates. However, car accidents can be expensive and there is no guarantee that Oregon’s minimum coverage limits will cover the full cost of an at-fault crash. Any damages that you cause that are in excess of your limits will be your responsibility to pay out of pocket. Additionally, liability-only insurance offers no protection for your vehicle.
How to get cheap auto insurance in Oregon
Drivers who are looking for the cheapest auto insurance in Oregon should consider some alternative ways to get a low rate. Here are some other ways to get cheap car insurance:
- Shop around: To find the cheapest insurance in Oregon, it may be beneficial to get quotes from several different carriers. This way, you can compare the prices that various companies offer for the coverage you need.
- Increase your deductible: Increasing your deductible will typically lower your monthly premium. However, make sure you can afford the higher out-of-pocket deductible before changing it. If you have full coverage, which includes both comprehensive and collision coverages, you will have two separate deductibles: one for each vehicle coverage type.
- Pay in full: Many insurance companies will give drivers a discount for paying their annual premium upfront and in full, rather than in monthly installments.
- Improve your credit score: Your credit score can impact your insurance rate. Improving your credit score could help you get a cheaper premium.
When purchasing a car insurance police, price is often one of the biggest factors. However, you may also want to consider a company’s customer service reviews, available coverage and discounts, financial strength ratings and claims service reviews before making a decision.
Frequently asked questions
What is the best car insurance in Oregon?
The best car insurance company comes down to personal preference. It depends on your budget, the type and levels of coverage you need, your driving history and the type of car you drive. The best car insurance company in Oregon is different for every driver, and one of the best ways to find coverage that fits your needs is to get quotes from several different carriers.
What is the average cost of car insurance in the U.S.?
The average cost of car insurance in the United States is $1,674 for a full coverage policy. In Oregon, the average full coverage policy costs $1,346. Oregon drivers pay about $375 less than the nationwide average.However, minimum coverage costs slightly more in Oregon than it does nationwide. Oregon drivers pay an average of $610 per year for minimum coverage, while the national average is $565 per year.
How do I get a car insurance quote?
Many car insurance companies offer an online quote tool, where you input some basic information about yourself and your vehicle and get an instant rate estimate. You will need to provide your name, birthday, address and sometimes your social security number, plus your vehicle’s VIN, estimated annual mileage and make, model and year. For insurance providers that do not have an online quote tool, you will need to contact an agent or call the company directly.
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 base profile drivers own a 2019 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.