Cheapest car insurance in Oregon for 2022

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Based on Bankrate’s 2021 analysis of quoted annual premiums, Oregon Mutual offers the cheapest car insurance on average for a full coverage policy in Oregon at $862 per year. If you want to purchase a minimum coverage policy in Oregon at the cheapest rate, you might expect to pay as low as $414 annually on average with Oregon Mutual.

Fortunately, you are not limited to only purchasing minimum coverage if you are trying to stay within a certain budget. There are plenty of ways to find the cheapest car insurance in Oregon, while still maintaining a greater level of financial protection in case of an accident or mishap with your vehicle. Drivers can find the cheapest auto insurance in Oregon if they are willing to do some research. From comparing rates among several carriers, to choosing the best coverage options to meet your needs, cheap car insurance rates are possible.

The cheapest car insurance companies in Oregon

To find the cheapest car insurance companies in Oregon, Bankrate utilized 2021 rate data from Quadrant Information Services and identified the cheapest carriers. When comparing rates, it is important to remember that your exact rates will vary based on more than a dozen individual rating factors, according to the Insurance Information Institute (Triple-I), including how much coverage you purchase, ZIP code, age, motor vehicle record, credit-based insurance score, claims history, vehicle type and annual mileage. Your exact rates could be more or less depending on how insurers weigh these rating factors, but Bankrate has compiled average premiums to help with comparison shopping.

The cheapest companies for minimum coverage in Oregon

Minimum coverage, which is simply the minimum amount a driver needs to purchase to legally drive within Oregon, is typically the least expensive option, although it also provides the least amount of financial protection. According to Bankrate’s research, here are five auto insurance companies with affordable average annual rates for minimum coverage in Oregon.

Car insurance company Average annual minimum coverage premium Average monthly minimum coverage premium
Oregon Mutual $414 $35
Travelers $438 $37
QBE $456 $38
Mutual of Enumclaw $487 $41
Capital $487 $41

The cheapest companies for full coverage in Oregon

Full coverage insurance provides a greater amount of financial protection for you and your family. Full coverage is not a specific coverage type, but typically means adding optional comprehensive and collision coverages and purchasing greater liability limits. If you prefer a full coverage policy, here are five national and regional car insurance companies in the Beaver State offering the cheapest rates, based on average annual premiums, according to Bankrate’s research.

Car insurance company Average annual full coverage premium Average monthly full coverage premium
Oregon Mutual $862 $72
QBE $948 $79
Travelers $1,017 $85
Mutual of Enumclaw $1,035 $86
USAA $1,038 $87

Events that can impact your cheap rates in Oregon

Regular comparison shopping among various insurance providers is essential because there are a number of circumstances that could impact your rates by hundreds of dollars. For example, if you were involved in a recent at-fault accident or need to add another driver to your policy, you can expect a change in your premium. Keep the following events in mind and how it may impact the cost of your coverage:

  • Adding a teen driver: When adding a teen driver to your policy, you can expect premiums to increase due to additional risk inexperienced teen drivers pose. To ensure you are getting the most affordable rates when adding a teen driver to your policy, be sure to check what young driver discounts they’re eligible for to maximize your savings.
  • Receiving a speeding ticket: Rates are typically negatively affected for three years after receiving a speeding ticket by having a surcharge added to your policy. It is normal for your rates to increase following this type of moving violation, so shopping around for a new carrier with greater discounts and coverage may be the best option.
  • Getting into an at-fault accident: Being involved in an at-fault accident will also impact your premiums. You can expect premiums to increase if you are charged as the at-fault driver, which may last up to five years with a surcharge added to your policy. However, there are some auto insurers that offer first-accident forgiveness programs to counteract the premium hike for safe drivers and do not assess a surcharge.
  • Being deemed a high-risk driver: If you are considered a high-risk driver, such as having a DUI conviction, multiple speeding tickets or at-fault accidents, you will often pay a much higher premium than the average driver in Oregon. Not only are your rates impacted, but coverage eligibility may also become more challenging as some auto insurers will not write coverage for high-risk drivers. In this case, shopping for a new carrier and policy may be the best option to find the cheapest rates possible.

Cheapest cities in Oregon for minimum coverage

Your ZIP code can significantly influence how much you pay for car insurance premiums. This is why when moving to a new location is an excellent time to shop your car insurance rates, since your new ZIP code could be more or less expensive if you want to maintain the most amount of coverage for the best cost. The table below provides a snapshot of average annual minimum coverage car insurance costs in a few Oregon cities.

City Average annual minimum coverage premium Average monthly minimum coverage premium
Baker City $458 $38
Richland $462 $39
Enterprise $463 $39
Union $464 $39

Cheapest cities in Oregon for full coverage

The table below illustrates the slight premium differences you may see, depending on your ZIP code, within Oregon. Cost of living, vehicle repair expenses, theft and vandalism rates and other risk factors all influence the cost of car insurance from one ZIP code to another, according to the Triple-I.

City Average annual full coverage premium Average monthly full coverage premium
Central Point $1,169 $97
Grants Pass $1,180 $98
Corvallis $1,180 $99
Redwood $1,182 $99

Minimum coverage requirements for Oregon drivers

Oregon requires residents to carry a minimum amount of liability coverage, personal injury protection (PIP) and uninsured motorist coverage to legally drive and satisfy the state’s financial liability law. This includes:

  • $25,000 per person for bodily injury and property damage liability
  • $50,000 per accident for bodily injury and property damage liability
  • $20,000 per accident for damage to others’ property
  • $15,000 per person in personal injury protection (PIP)
  • $25,000 per person and $50,000 per accident for bodily injury in uninsured motorist coverage

Purchasing the bare minimum levels of coverage may leave a driver vulnerable though. A full coverage policy will provide greater financial protection for you and your family, including optional comprehensive and collision coverages, which provides payment when your own vehicle is damaged in a covered accident, as well as non-collision losses such as theft, vandalism and storm damage. Most lenders require you to purchase full coverage if you lease or finance a vehicle to ensure all types of claims can be paid if necessary.

Here is how to find (and keep) cheap car insurance in Oregon 

Not only is finding cheap car insurance in Oregon possible, but keeping it is too, especially if you practice safe driving habits. A couple other tips for finding and keeping cheap car insurance include:

  • Shop around and know your limits. The best way to find cheap car insurance companies and affordable rates is to compare quotes from several carriers. Premiums can vary widely from one insurance provider to another, even when the applicant information is similar. Also, be mindful of the coverage options you select, as this can significantly increase or decrease your premiums.
  • Reduce your risk. To keep your affordable rates in Oregon, maintain a clean driving record and reduce your own claims risk with safe driving habits. Be sure to shop your coverage with multiple carriers when you have major life events, such as getting married or moving to a new location, to see if you qualify for further savings.

Frequently asked questions

What is the best car insurance in Oregon?

The best car insurance companies are different for everyone, because it comes down to personal preference. The cost of your coverage depends on several individual factors, including your budget, the type and levels of coverage you need, your driving history and the make and model of your vehicle. The best car insurance company in Oregon is different for every driver, too. One of the best ways to find coverage that fits your needs is to get multiple quotes from a mix of national and regional carriers.

What is the average cost of car insurance in the U.S.?

The average cost of car insurance in the U.S. is $1,674 for a full coverage policy. Comparatively, the average full coverage policy in Oregon costs $1,346, 20% 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, which is about 8% higher than the U.S. average of $565 per year.

How do I get a car insurance quote?

Many car insurance companies and third parties offer an online quoting tool, where you input some basic information about yourself and your vehicle and get an instant rate estimate. To generate an online quote, you will typically need to provide your name, date of birth, address and phone number, plus your vehicle’s VIN, estimated annual mileage and make, model and year of your car. You can also obtain quotes through a local insurance agent or by calling auto insurers directly.

How can I lower my car insurance rates in Oregon?

Besides comparing multiple quotes from various car insurance companies, there are other ways to save. Reviewing all available discounts is essential, especially since you may qualify for new discounts throughout the year. Another way to lower car insurance rates in Oregon is to raise your deductibles on collision and comprehensive coverages. Since the deductible is your out-of-pocket cost for a claim, you can take on more risk in the event of a claim by choosing a higher amount, which can lower premiums, but you need to be financially prepared to handle the additional expenses.

Methodology

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 coverage that meets 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.