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Best cheap car insurance in Portland

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The average cost of car insurance in Portland is $843 each year for minimum liability-only coverage and $1,639 for full coverage. With Oregon home to over three million licensed drivers and 1.8 million newly-registered vehicles each year, it is critical that you protect yourself with the adequate amount of car insurance for your needs. If you are caught without auto insurance, your Oregon driver’s license will be suspended and you will have to pay a fine between $130 and $1,000.

To find the best car insurance companies in Portland, these companies offer competitive pricing with high ratings for customer satisfaction and plenty of discounts to help you save money.

Best car insurance companies in Portland

To find the best car insurance Portland offers, we compared 2021 average rates from Quadrant Information Services. Then, we analyzed characteristics such as third-party customer satisfaction ratings, discounts, financial stability and coverage options.

Insurance company J.D. Power customer satisfaction score
(Northwest region)
Average annual premium for minimum coverage Average annual premium for full coverage
Oregon Mutual Not rated $560 $1,060
USAA 884 / 1,000 $617 $1,185
Travelers Not rated in region $569 $1,261
Capital Not rated $642 $1,281
Geico 821 / 1,000 $715 $1,467

Oregon Mutual

The cheapest car insurance in Portland on average comes 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 is totaled, replace car seats after an accident and cover the cost of your pet’s injuries if they were in the vehicle with you during an accident. You can also lower the cost of your insurance 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 are not involved in an accident or file a claim.

Learn more: Oregon Mutual Insurance review


USAA insures veterans and military personnel and their families. To access USAA car insurance, you will need to become a member first. Once you are set up,you will 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 will find a variety of affordable coverage options designed to meet the unique needs of military members. Plus, you will be working with one of J.D. Power’s highest-rated insurance companies for customer satisfaction.

Learn more: USAA Insurance review


Similar to Oregon Mutual, Travelers Insurance offers accident forgiveness and replaces your totaled vehicle with a new car. Travelers is a national insurance company that has outstanding financial stability. 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.

Learn more: Travelers Insurance review


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. You may be able to take advantage of the discounts Capital Insurance offers, such as bundling car and home or renters insurance for discounts on both.


Coverage options are comprehensive, with options for personal injury protection, emergency roadside assistance and rental car insurance. There are also potential excellent ways to save with up to 25% off for emergency deployment, multi-vehicle and good driver discounts. There are also exclusive savings for military members, students, federal employees and members of certain organizations.

Cheapest car insurance in Portland

Oregon’s average car insurance rates are $579 for minimum and $1,363 for full insurance coverage. Portland’s premiums of $843 for minimum and $1,639 for full coverage, which is 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 will 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 is perfectly legal to stick with the minimum, it may not be enough if you cause a serious accident. You will 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 will 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. Get several quotes to see which rates and discounts are available for you.

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 will 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.

Written by
Cynthia Paez Bowman
Personal Finance Contributor
Cynthia Paez Bowman is a former personal finance contributor at Bankrate. She is a finance and business journalist who has been featured in Business Jet Traveler, MSN,, and
Edited by
Loans Editor