Best cheap car insurance in Portland


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Oregon is home to over three million licensed drivers and 1.8 million newly-registered vehicles each year. The best cheap car insurance in Portland should be a priority before you get behind the wheel — the DMV randomly selects vehicle owners to verify whether they’re insured. If you’re caught without auto insurance, your driver’s license will be suspended and you’ll have to pay a fine between $130 and $1,000.

Car insurance Portland premiums average $843 for minimum and $1,639 for full coverage. To find the best car insurance Portland rates, get quotes from the top insurance carriers in the city to compare.

Best car insurance companies in Portland

When shopping around, car insurance quotes Portland companies worth considering include:

Insurance company J.D. Power customer satisfaction score Average annual premium for minimum coverage Average annual premium for full coverage
Oregon Mutual Not rated $560 $1,060
Travelers 806 / 1,000 $569 $1,261
USAA 883 / 1,000 $617 $1,185
Capital NR $642 $1,281

Quadrant Information Services, 2020

Oregon Mutual

The cheapest car insurance Portland quotes came from Oregon Mutual, a regional carrier providing insurance in California, Oregon, Washington and Idaho. Besides offering the lowest rates, Oregon Mutual provides plenty of value. Oregon Mutual will upgrade your vehicle to a new car if it’s totaled, replace car seats after an accident and cover the cost of your pets’ injuries if they were in the vehicle with you during an accident.

You can save in other ways throughout the life of your coverage. Oregon Mutual offers accident forgiveness to keep your premiums from increasing after a claim and reduces your collision deductible every year you’re not involved in an accident or file a claim.


Similar to Oregon Mutual, Travelers Insurance offers accident forgiveness and replaces your totaled vehicle with a new car. Travelers is a national insurance company, compared to Oregon Mutual, which works with customers in four states. Travelers Insurance has outstanding financial stability with a rating of A++ from A.M. Best.

If you pay your premiums in advance, insure college students or maintain more than one type of insurance with Travelers, you can qualify for further discounts on your car insurance.


USAA insures veterans, military personnel and their families. To access USAA car insurance you’ll need to become a member first. Once you’re set up, you’ll likely find that the insurer’s premiums fall in the middle for both basic and full coverage. Bundling home and auto insurance can reduce your insurance bill by 10%. Accident forgiveness keeps your premiums from going up after a claim.

If you can qualify for USAA auto insurance, you’ll find a variety of affordable coverage options designed to meet the unique needs of military members. Plus, you’ll be working with the highest-rated insurance coverage according to J.D. Power’s customer satisfaction survey.


The Capital Insurance Group (CIG) stands apart from the other carriers for its customizable coverage options. If you prefer to build your own insurance package, Capital Insurance may be the best plan. The CIG mobile app helps policyholders schedule payments, review coverage and file claims. Don’t forget to take advantage of the discounts Capital Insurance offers such as bundling car and home or renters insurance for discounts on both.

Cheapest car insurance in Portland

Oregon’s average car insurance rates are $579/$1,363 for minimum and full insurance coverage. Portland’s premiums of $843/$1,639 are considerably higher than the state average. The rates are averages — you can find car insurance in Portland for less, depending on your coverage and the insurance company you choose. The cheapest car insurance Portland premiums are:

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Travelers $569 $1,261
USAA $617 $1,185
Geico $715 $1,467
Progressive $755 $1,510
Nationwide $769 $1,327

Travelers and Geico could help you save on car insurance if you take advantage of the discounts each company offers. Progressive and Nationwide typically sell low-cost car insurance but Portland premiums are higher than average. Although USAA’s pricing is enticing, not everyone will have access to the insurer’s quality, low-cost insurance. You’ll need to become a member of USAA by verifying your military duty or a close relation with a military family member before buying coverage.

Portland insurance requirements

Portland requires drivers to carry a minimum amount of car insurance. Although it’s perfectly legal to stick with the minimum, it may not be enough if you cause a serious accident. You’ll be responsible for any expenses above the minimal coverage, so think long and hard about the financial risk you put yourself in when you go with basic car insurance.

Portland’s insurance requirements are:

  • Liability coverage of $25,000 per person and $50,000 per crash for bodily injury
  • Liability coverage of $20,000 for property damage
  • Personal injury protection of $15,000 per person
  • Uninsured motorist coverage for bodily injury of $25,000 per person and $50,000 per accident

Car insurance discounts in Portland

Oregon requires more car insurance than other states. You’ll need both liability coverage and uninsured motorist coverage, which can add up. Finding ways to save can help you stay on budget. Discounts Portland drivers should take advantage of include:

  • Telematics that track your driving through an app and discount your coverage based on your skills
  • Good student savings for high school or college students
  • Bundling your renters or homeowners insurance with auto coverage
  • Vehicle safety equipment discounts when your car is equipped with driver assistance or accident/injury prevention technology

Frequently asked questions

What is the best car insurance company?

The best car insurance companies depend on your needs and vocation. If you’re military or related to someone who is, USAA may be the best car insurance. Otherwise, Travelers or Oregon Mutual are among the best car insurance companies in Portland.

How much does car insurance in Portland cost?

Portland’s premiums are $843 for minimum insurance and $1,639 for full coverage. Portland’s car insurance rates are higher than the state of Oregon’s average. To find the best cheap car insurance in Portland, get quotes from several carriers.

How much car insurance do I need in Portland?

You’ll need liability coverage of at least $25,000 in bodily injury per person, $50,000 in bodily injury per accident and $20,000 in property damage per accident, as well as uninsured motorist bodily injury insurance of $25,000 per person and $50,000 per accident.


Bankrate utilizes Quadrant Information Services to analyze 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 sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.