Best car insurance in Oregon for 2023

Best car insurance companies in Oregon

Based on data collected by Quadrant Information Services, drivers in the Beaver State pay an average of $616 for state-mandated minimum coverage and $1,415 for full coverage. However, your own rate is likely to vary since premiums are based on personal factors, including your ZIP code, age, gender, credit-based insurance score and driving history, as well as your car's make, model and age. 

We understand that for many drivers, finding the best auto insurance in Oregon is about more than just price. To offer you a holistic overview of the best companies in the state, we also looked at third-party rankings for customer service from J.D. Power and financial strength ratings from AM Best. We also looked at the range of coverage options and available discounts, as well as digital tool capabilities. Ultimately, Geico, USAA, State Farm, Progressive and Travelers stood out from the rest.

How Bankrate chose the best car insurance companies in Oregon

Bankrate chose the best car insurance in Oregon through an extensive process that began by comparing average rates collected by Quadrant Information Services. The insurance editorial team assessed each company based on their coverage options, discounts and digital tool availability. Third-party customer satisfaction rankings from J.D. Power and financial strength ratings from AM Best and Standard & Poor's were also considered. After assessing all data, each company was given a Bankrate Score. 

The better a carrier performed in each category, the higher its overall Bankrate Score for a total score of 5.0 out of 5.0 points. This brief overview of each carrier could be useful during your research, and may help you more effectively compare insurers.

How much is car insurance in Oregon?

The average cost of car insurance in Oregon is $1,415 per year for full coverage. This is quite a bit less than the national average full coverage premium of $2,014 per year. Minimum coverage car insurance in Oregon averages $616 annually, which is slightly less expensive than the national average of $622. Compared to nearby states, Oregon’s average full coverage car insurance rates are cheaper than California, which averages $2,291 per year, but more expensive than Washington, which is $1,410 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.

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 may help you nail down what considerations to make before choosing a provider.

Consider minimum insurance requirement in Oregon

Most states have minimum liability insurance requirements, including Oregon. 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. 

Consider lender requirements

If you lease or finance your vehicle, your lender may require you to purchase full coverage insurance rather than just the minimum liability insurance required by the state. Additionally, you may want to consider gap insurance. This common optional coverage type for new vehicles pays the difference between what you owe on the vehicle and its value if your car gets totaled or is stolen and 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. Speaking with a licensed insurance agent may help you identify any special considerations you may want to take into account when choosing coverage.

Frequently asked questions