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Best car insurance in Oregon for 2022

Updated Sep 30, 2022
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If you’re looking for the best car insurance in Oregon, Bankrate’s team can help. We compared dozens of carriers, reviewing factors like average premium, coverage choices, discounts and more. Based on our findings, USAA, Geico and State Farm ranked as some of the best car insurance companies in the Beaver State. While the best Oregon car insurance may vary for every driver, these companies could be a good place to start.

Auto Insurance
Key takeaways
  • The average cost of car insurance in Oregon is $1,371 per year for full coverage, though Bankrate’s choices for the best car insurance companies all come below this figure.
  • A minimum amount of liability coverage is required for all drivers in Oregon, though drivers can opt for more coverage for enhanced financial protection.
  • Of all major Oregon cities, Portland had some of the most expensive average car insurance rates at $1,509 per year for full coverage.

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How Bankrate chose the best car insurance companies in Oregon

To find the best car insurance in Oregon, Bankrate analyzed Oregon car insurance carriers by average premium with data sourced from Quadrant Information Services. Our editorial team also reviewed each carrier for coverage types offered, available discounts and customer service. Third-party financial scores from AM Best and Standard & Poor’s (S&P), as well as third party customer satisfaction scores from the 2021 J.D. Power Auto Claims Study were also considered.

The better a carrier performed in each category, the higher its overall Bankrate Score for a total score of 5 out of 5 points. This brief overview of each carrier could be useful during your research, and may help you more effectively compare insurers.

Best car insurance companies in Oregon

Bankrate’s insurance editorial team analyzed insurance companies in Oregon to find the best insurance providers for your needs. The companies that came out on top include USAA, Geico and State Farm.

USAA and Geico made our list for offering great service alongside low average premiums. USAA, Geico and State Farm received high ratings from J.D. Power for customer satisfaction — and Capital offers an impressive list of coverage options and unique discounts.

If you’re looking for the best car insurance in Oregon, you may want to start by getting quotes from these providers:

Car insurance company Bankrate Score J.D. Power score (Northwest region) Average annual full coverage premium Average annual minimum coverage premium
USAA* 4.9 883 $1,062 $483
Geico 4.7 832 $1,201 $474
State Farm 4.7 839 $953 $440
Oregon Mutual 4.6 Not rated $902 $447
Capital N/A Not rated $1,144 $540

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

USAA

Year after year, USAA consistently receives high scores for delivering exceptional customer service. However, USAA is not eligible to rank in J.D. Power’s studies due to the fact that it only sells insurance to current military members, veterans and their immediate family members. Its average full coverage premium is far lower than Oregon’s average, and USAA also offers plenty of discounts. You might save for being a good student, insuring a new car or garaging your vehicle on a military base.

Learn more: USAA Insurance review

Geico

Geico’s average premium is just slightly higher than Oregon’s average, but the company has one of the longest lists of discounts in the industry which may help you offset the cost of your policy. You might save for being a federal employee, a safe driver or a member or certain organizations, like alumni groups. Geico also has a highly-rated and easy-to-use mobile app, so if you like to handle your insurance digitally, this company could be a good fit. However, keep in mind that the company doesn’t offer certain coverage options such as gap insurance.

Learn more: Geico Insurance review

State Farm

As the largest car insurance provider in the U.S., State Farm is a popular car insurance choice for Oregon drivers. With its high financial strength and high J.D. Power ranking, State Farm is an established car insurance company with a household name. The company might be a good choice if you are looking for an in-person insurance experience, as policies are sold through a network of local agents. State Farm also stands out for its two safe driving programs: Drive Safe & Save for adults and Steer Clear for drivers under 25. However, the provider ranks just below average in the 2021 J.D. Power U.S. Insurance Digital Experience Study for the service category, which may mean its digital management options aren’t yet fully optimized for customer’s needs.

Learn more: State Farm Insurance review

Oregon Mutual

Oregon Mutual is a regional car insurance carrier with competitive rates and a wide array of coverage offerings. Drivers concerned about accidents may be able to opt for its accident forgiveness coverage and utilize its mobile app to request roadside assistance when needed. While the company has a strong financial strength rating from AM Best and no complaints recorded by the National Association of Insurance Commissioners (NAIC), it is not rated by J.D. Power for customer satisfaction. This is potentially because it is a smaller insurer that isn’t nationally available.

Learn more: Oregon Mutual Insurance review

Capital

Capital auto insurance could be a great choice for drivers who want to personalize their auto insurance policy. The company even offers a “come-to-you” auto glass repair service where you could have your car serviced for glass damage at your home. For those who want to work with an in-person agency, Capital auto insurance is sold through local independent agents. However, as an insurance company with a smaller footprint, Capital is not rated by J.D. Power for customer satisfaction.

Average cost of car insurance in Oregon

The average cost of car insurance in Oregon is $1,371 per year for full coverage. This is quite a bit less than the national average full coverage premium of $1,771 per year. Minimum coverage car insurance in Oregon averages $625 annually, which is slightly more expensive than the national average of $545. Compared to nearby states, Oregon’s average full coverage car insurance rates are cheaper than California, which averages $2,190 per year, but more expensive than Washington, which is $1,313 per year.

Full coverage car insurance rates in Oregon could be less expensive than the national average for a few reasons. Oregon has a relatively low population density, which could contribute to less crowded roadways. The state also does not have particularly high crime rates and average highway infrastructure conditions.

Average annual premium for minimum coverage in Oregon Average annual premium for full coverage in Oregon
$625 $1,371

Bankrate uses 2022 premium data from Quadrant Information Services to report average car insurance premiums by state. However, it’s important to note that your actual car insurance premium will vary based on a number of factors. The type of car you drive, your driving history, the coverage you choose and the discounts you qualify for could all affect how much you pay.

How to find the best car insurance in Oregon

The best car insurance for you will depend on your needs and preferences. The following steps can help you nail down what considerations to make before choosing a provider.

Consider minimum insurance requirement in Oregon

Every state except New Hampshire and Virginia have minimum liability insurance requirements. In Oregon, drivers are required to purchase bodily injury and property damage liability, personal injury protection and uninsured motorist coverage. The exact coverage amounts you need can be found on the Oregon Department of Transportation website and in Bankrate’s analysis of Oregon’s car insurance laws.

Consider lender requirements

Your lender may require you to purchase full coverage insurance, rather than just the minimum liability insurance required by your state. Having full coverage helps the lender know that there is a higher likelihood of repairs or replacements being paid for in the event of a covered incident. Gap insurance is a common optional coverage type for new vehicles that pays the difference between what you owe on the vehicle and its value if your car gets totaled or is stolen & unrecoverable.

Consider your individual needs

Your unique life events often affect your auto insurance rate. For instance, will you have to add a teen driver to your car insurance? Average rates for teen drivers can be high, but some providers offer discounts for good students that could help decrease your teen’s auto insurance rate. Do you have a DUI conviction? You may want to look into insurers who offer options for high-risk drivers. Have you modded out your car with aftermarket parts or special features? You’ll want to check with your carrier to see if it offers specific coverage to insure these additions.

Car insurance discounts in Oregon

If you’re looking for ways to save money on your car insurance, you may want to look into discounts that could apply to you. These common discounts could help lower your premium:

  • Young driver discounts: Looking for cheap car insurance for teens or a young Oregon driver? Young drivers can often qualify for discounts such as good student, which rewards those in school for getting good grades. If you have a child away at college without a car, they may qualify for the distant student discount.
  • Safe driver discounts: If you do not have a high number of claims, you may qualify for a lower car insurance rate. You may also be able to get a discount for enrolling in a telematics program, which tracks your driving in real time and may offer deals for safe practices behind the wheel.
  • Multi-policy discounts: Buying more than one policy from an insurance carrier typically helps you save. For example, one of the most popular insurance discounts may be earned by bundling your home and auto insurance, which could also be earned if you rent or live in a condominium. Depending on your carrier, other policies, like life, umbrella or watercraft insurance could also qualify for a multiple policy discount.
  • Billing discounts: The way you pay your bill could save you money. Signing up for paperless statements, using automatic payment features or paying your premium in full might mean you get a discount.

Because every company is different, talking with a representative is often the best way to identify ways to save, although most companies list at least some of their discounts online. Just remember that the availability of discounts could vary by state.

Frequently asked questions

Written by
June Sham
Insurance Writer

June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies.

Edited by Insurance Editor
Reviewed by Senior wealth manager, LourdMurray