Best cheap car insurance in Eugene for 2021

1
Luís Henrique Boucault/Getty Images
Bankrate Logo

Why you can trust Bankrate

While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . This content is powered by HomeInsurance.com (NPN: 8781838). For more information, please see our

The best cheap car insurance companies in Eugene, Oregon are USAA, Geico, Progressive, Travelers, Nationwide and State Farm, based on Bankrate’s analysis of the largest insurance companies by market share operating in Oregon. Auto insurance is not just a legal requirement in Eugene it is also one of the most important pieces of your financial plan.

The average cost of full coverage car insurance in Eugene is $1,231 per year. Although this is lower than Oregon’s average annual full coverage premium of $1,346, finding cheap car insurance is an important consideration for budget-conscious Oregon drivers. Bankrate’s research might help you identify the right company and coverage for your needs.

Best car insurance companies in Eugene

Based on our research, USAA, Geico, Progressive and Travelers are the best car insurance companies in Eugene, Oregon. To choose the best companies in the city, we first obtained average quoted premium information from Quadrant Information Services. After analyzing the rates, we considered each company’s coverages, discounts, policy features and third-party scores.

Insurance company J.D. Power score
(Northwest region)
Average annual premium for minimum coverage Average annual premium for full coverage
USAA* 884/1,000 $499 $1,007
Geico 821/1,000 $525 $1,153
Progressive 817/1,000 $520 $1,108
Travelers Not rated $397 $897

*USAA is not eligible for official ranking with J.D. Power due to eligibility restrictions.

USAA

USAA is not an option for all drivers, as it only sells auto coverage to military members, veterans and their immediate family members. If you qualify for coverage and value customer service, USAA could be a great choice. The company consistently receives high customer satisfaction scores from J.D. Power, although it is not eligible for official ranking due to its restrictions on who can qualify for coverage. USAA offers several discounts to help make rates even more affordable, and offers a few optional coverages that may fit your specific insurance needs, including ridesharing coverage and accident forgiveness.

Learn more: USAA Insurance review

Geico

Geico provides an intuitive and convenient digital policy management experience.. The company’s mobile app has over 2.8 million reviews on the App Store and still has a rating of 4.8 out of 5.0. The app allows you to see ID cards, file a claim and call for emergency roadside assistance. Geico’s digital service tools earned the company the top spot in the 2021 J.D. Power U.S. Digital Experience Study for the Service category.

Learn more: Geico Insurance review

Progressive

Progressive may be particularly appealing to drivers who are looking to save both time and money when they shop for car insurance. The company’s Name Your Price tool allows you to enter your monthly insurance budget and then shows you different coverage options that will fit in your financial goals. If you prefer to handle your insurance online, Progressive offers discounts for getting a quote and for buying your policy online.

Learn more: Progressive Insurance review

Travelers

Travelers offers the cheapest average rates in Eugene, but the company does not cut corners when it comes to coverage. If you are looking for a policy that you can tailor to your needs, Travelers list of optional coverages is lengthy and includes roadside assistance, new car replacement, accident forgiveness and gap coverage. The low average rate might be further reduced thanks to the long list of discounts, which includes savings for safe drivers, homeowners and hybrid or electric car owners.

Learn more: Travelers Insurance review

Cheapest car insurance in Eugene

If you are looking for the cheapest car insurance in Eugene, getting quotes from Travelers, USAA, Nationwide, State Farm and Progressive might help you find the best deal. Based on our research, these companies offer the lowest average rates in the city.

Statewide, Oregon drivers pay an average annual premium of $610 for minimum coverage and $1,346 for full coverage, compared to the national average premium of $565 a year for minimum coverage and $1,674 annually for full coverage. Locally, Eugene drivers pay an average premium of $585 per year for minimum coverage and $1,231 per year for full coverage. However, there are several providers that offer lower average rates.

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Travelers $397 $897
USAA $499 $1,007
Nationwide $499 $948
State Farm $511 $1,029
Progressive $520 $1,108

Price is just one factor to consider when shopping for auto insurance. When searching for car insurance, you first need to determine the factors that matter most to you. These may include price, coverage options, available discounts, financial strength and customer satisfaction scores. Once you have determined what is most important to you, you can obtain quotes from various companies to find the policy that best suits your needs.

Eugene insurance requirements

By law, all Oregon drivers must purchase minimum levels of auto insurance, including:

  • $25,000 bodily injury liability per person
  • $50,000 bodily injury liability per accident
  • $20,000 property damage liability
  • $15,000 personal injury protection (PIP) per person
  • $25,000 uninsured motorist bodily injury per person
  • $50,000 uninsured motorist bodily injury per accident

Keep in mind that state-required minimum levels of car insurance may not provide sufficient financial protection in the event of an at-fault accident. If you are at fault for an accident and the damages exceed your insurance limits, the difference will have to be paid out of pocket.

Additionally, although Oregon law does not require you to buy collision or comprehensive coverage, if you finance or lease your car, your lender or leasing company likely will.

Car insurance discounts in Eugene

Most auto insurance companies offer Eugene policyholders at least a few discounts. Some common discounts include:

  • Multi-policy discount: If you have a home, condo or renters insurance policy, buying your auto coverage from the same company could result in significant savings on both policies.
  • Good driver discount: If you have avoided accidents, tickets and DUI convictions for a set number of years (this varies by carrier), you might save with a good driver discount.
  • Good student discount: If you insure a teen driver that is a full-time student, you might be able to save on the cost of their car insurance. Most programs require that teens have a B or better average to qualify, but these regulations will vary by company.
  • Multi-vehicle discount: If you have more than one vehicle, insuring it with the same company might be a way to save.
  • Vehicle safety and security devices discounts: If your vehicle has certain safety features, like side curtain airbags or automatic braking, you might see additional savings on your insurance.

Each insurer offers different discounts with varying levels of savings. You might be able to view a company’s discounts online, but savings opportunities can vary by state, so talking with a licensed agent is often the best way to identify ways to save.

Frequently asked questions

What is the best car insurance company?

The best auto insurance company is different for every driver, since everyone brings a unique set of circumstances to their insurance choices. Finding the best insurance for your needs can involve determining the features you want most in a policy, talking to licensed agents and obtaining multiple quotes. It can be a good strategy to look for insurers that offer a combination of coverages, good customer service, financial stability and prices that fit your budget.

How much does car insurance in Eugene cost?

According to Quadrant Information Services, Eugene drivers pay an average annual premium of $585 for minimum coverage and $1,231 for full coverage. However, premiums will be different for every driver. Insurance companies base rates on unique contributing factors, such as your age, driving record, make and model of your vehicle and the types and amounts of coverages you purchase.

How much car insurance do I need in Eugene?

Oregon law requires you to buy minimum levels of bodily injury and property damage liability, personal injury protection (PIP) and uninsured motorist coverages. However, minimum levels do not always provide the amount of financial protection you need. If you finance or lease a vehicle, the leasing company or lender will also likely require you to buy collision and comprehensive coverages. Consult with an insurance agent to find out the coverages and coverage levels you need.

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 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.

Written by
Cate Deventer
Insurance Writer & Editor
Cate Deventer is a writer, editor and insurance professional with nearly a decade of experience in the insurance industry as a licensed insurance agent.
Edited by
Insurance Editor