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, State Farm, Travelers and Progressive.
Travelers and USAA made our list for offering great service alongside low premiums. USAA, Geico and State Farm received high ratings from J.D. Power for customer satisfaction — and Progressive offers an impressive list of coverage options and unique discounts.
Bankrate uses companies’ coverage options, discounts, customer service data and the latest premium data from Quadrant Information Services to develop a Bankrate Score, which ranks companies on a scale of 0 to 5. We also looked at third-party financial scores from AM Best and Standard & Poor’s (S&P), and consulted third-party customer satisfaction scores from the 2021 J.D. Power Auto Claims Study.
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||Average annual full coverage premium||J.D. Power customer satisfaction score|
*USAA is not eligible for official ranking with J.D. Power due to eligibility restrictions
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’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 to 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
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
If budget is your primary concern when it comes to your Oregon car insurance, you might want to get a quote from Travelers. The company offers the lowest full coverage premium on our list. The policies are also highly personalizable, with coverage options like roadside assistance, accident forgiveness and ridesharing coverage available. The low average premium could be due to the company’s generous discounts, which include savings for hybrid and electric vehicles, safe drivers and homeowners — even if you do not insure your home with Travelers. However, Travelers received a lower J.D. Power customer satisfaction score than USAA, State Farm and Geico.
Learn more: Travelers Insurance review
Progressive’s impressive list of coverages and unique discounts earned it a spot on our list. Coverage options include custom parts and equipment coverage, rideshare coverage and loan/lease gap coverage. You might save money just by getting your quote and buying your policy online, owning a home, going paperless or paying in full. The company’s Name Your Price tool could help you find coverage that fits your needs and budget. You input your car insurance budget and the tool shows you various coverage combinations that could work for you. Still, it’s worth noting that Progressive does have the highest average premium and lowest customer satisfaction rating out of the companies on our list.
Learn more: Progressive Insurance review
Average cost of car insurance in Oregon
The average cost of car insurance in Oregon is $1,341 per year for full coverage. This is quite a bit less than the national average full coverage premium of $1,655 per year. Minimum coverage car insurance in Oregon averages $573 annually, which is slightly more expensive than the national average of $480.
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|
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 will 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 knows that repairs or replacements will be paid for in the event of an accident. Gap insurance is a common optional coverage type that pays the difference between what you owe on the vehicle and its value if your car gets totaled.
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.
Car insurance discounts in Oregon
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 are claims-free, 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 offers deals for safe practices behind the wheel.
- Multi-policy discounts: These discounts are offered by most companies that sell more than one product line. The most common multi-policy discount is for bundling your auto and home, condo or renters insurance with the same company, and it can be one of the largest savings opportunities available. Some companies offer this discount for buying other product lines too, like life, business or umbrella insurance.
- 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
What car insurance coverage types are required in Oregon?
Oregon has minimum requirements for insurance that all drivers are required to meet. In Oregon, drivers must have at least a minimum amount of liability insurance, personal injury protection (PIP) coverage and uninsured motorist coverage. Collision coverage and comprehensive coverage are not required. However, many drivers choose to purchase these coverage options to help protect their finances in the event of an accident.
What do I need to get car insurance in Oregon?
To get a quote for auto insurance, Oregon insurance agents need to know the name, date of birth and driver’s license number for all the drivers in your household and for anyone who regularly uses your vehicle. You will also need the vehicle identification number (VIN) for every vehicle you want to insure.
Why do car insurance companies have different rates?
Every car insurance company has its own rating algorithm to determine how much to charge you for coverage. These formulas are developed by taking a driver’s claim history into consideration, as well as the likelihood of claims in your area and the severity of those claims, among other factors. Because of this, each company will weigh your rating factors differently. One company might heavily surcharge you for a ticket while another only mildly increases your premium. This is why it can be so helpful to get quotes from several companies.
What is the cheapest car insurance company in Oregon?
If you’re looking for the cheapest rates in Oregon, you may want to start by getting quotes from Oregon Mutual, QBE, Travelers, Mutual of Enumclaw and USAA. These companies offer the cheapest average rates for full coverage car insurance, based on Bankrate’s analysis of 2022 data from Quadrant Information Services. Keep in mind that your individual car insurance rate will vary among providers depending on personal characteristics such as driving history, your vehicle’s make and model and the discounts that apply to you.
Bankrate utilizes Quadrant Information Services to analyze 2022 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 2020 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.
Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.
To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moodys had the most impact on the companies’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider.
While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.