Cheapest Car Insurance In Oregon (2024) (original) (raw)
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, Writer
10/18/2024 08:00 AM
Given that car insurance costs are increasing, it is advisable for drivers in Oregon to explore different policy choices in order to secure the most cost-effective coverage. Our reviews team has researched the best car insurance companies nationwide. We carefully examined the reputation, customer satisfaction, coverage options, and average premiums of each provider.
In this review, we will describe the most effective methods to lower your insurance costs and show you where to find the most affordable car insurance in Oregon that matches your driving habits.
Key Points
- Travelers is the cheapest car insurance company in Oregon overall, with an average rate of $52 per month for minimum coverage and $120 per month for full coverage.
- USAA and GEICO also offer affordable car insurance rates for many driver profiles.
- You can save on car insurance by opting for minimum coverage, looking for discounts, increasing your deductible, and bundling your auto insurance with other policies.
Different car insurance companies have varying ways of evaluating driver profiles. Therefore, the provider that offers the lowest prices for one driver may not offer the lowest prices for you. To illustrate this, here is a breakdown of the most affordable auto insurance providers in Oregon and their rates for different types of drivers.
| Cheapest Car Insurance Company | Average Monthly Cost | Average Annual Cost | |
|---|---|---|---|
| Minimum coverage | Travelers | 52∣52 | 52∣619 |
| Full coverage | Travelers | 120∣120 | 120∣1,444 |
| 16-year-olds | Country Financial | 124∣124 | 124∣1,487 |
| 45-year-olds | USAA | 46∣46 | 46∣555 |
| High-risk drivers | Travelers | 68∣68 | 68∣811 |
| After a speeding ticket | Travelers | 63∣63 | 63∣759 |
| After an accident | Travelers | 66∣66 | 66∣791 |
| After a DUI | Travelers | 74∣74 | 74∣885 |
| Poor credit drivers | GEICO | 58∣58 | 58∣701 |
*Unless stated otherwise, average costs are minimum-coverage rates for single male drivers between the ages of 25 and 35 with a clean driving history.
What Is The Cheapest Car Insurance Company In Oregon?
In general, we discovered that Travelers provides the most affordable car insurance in Oregon for most types of drivers. The following sections will cover the average monthly costs of both minimum- and full-coverage car insurance from the cheapest companies in Oregon.
These rates apply to drivers from Oregon with various ages, locations, and driving experiences. The cheapest companies are organized by minimum coverage costs.
Cheapest Minimum Coverage In Oregon: Travelers
Drivers looking for the most affordable coverage that just meets Oregon state minimum requirements may find it at Travelers for about $52 per month or $619 per year on average.
| Cheapest Car Insurance in Oregon | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Travelers | 52∣52 | 52∣619 |
| USAA | 53∣53 | 53∣632 |
| GEICO | 58∣58 | 58∣701 |
| Country Financial | 65∣65 | 65∣776 |
| Progressive | 72∣72 | 72∣860 |
| State Farm | 73∣73 | 73∣878 |
| Oregon Mutual | 85∣85 | 85∣1,022 |
| Farmers | 126∣126 | 126∣1,516 |
| Allstate | 144∣144 | 144∣1,724 |
| Sentry | 145∣145 | 145∣1,739 |
Cheapest Full Coverage In Oregon: Travelers
If you want the most complete coverage at a good price, Travelers is the best choice. The provider offers full-coverage insurance for an average of $120 per month.
Full-coverage insurance policies in Oregon generally include liability insurance, uninsured/underinsured motorist coverage, collision coverage, and comprehensive insurance.
| Cheapest Car Insurance in Oregon | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Travelers | 120∣120 | 120∣1,444 |
| Oregon Mutual | 142∣142 | 142∣1,698 |
| GEICO | 146∣146 | 146∣1,746 |
| USAA | 148∣148 | 148∣1,773 |
| Progressive | 166∣166 | 166∣1,991 |
| Country Financial | 167∣167 | 167∣2,002 |
| State Farm | 187∣187 | 187∣2,246 |
| Farmers | 262∣262 | 262∣3,148 |
| Sentry | 287∣287 | 287∣3,447 |
| Allstate | 327∣327 | 327∣3,921 |
Cheapest Car Insurance In Oregon: Age
Below, you’ll find average insurance costs for Oregon drivers ages 16 to 55 as well as the top five budget-friendly car insurance companies for each age group. Drivers who are between the ages of 30 and 55 usually receive the most affordable car insurance rates since they have more driving experience. They are also less likely to be involved in car accidents compared to younger drivers, according to statistics.
| Age | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| 16 | 375∣375 | 375∣821 |
| 25 | 92∣92 | 92∣208 |
| 35 | 83∣83 | 83∣182 |
| 45 | 80∣80 | 80∣172 |
| 55 | 78∣78 | 78∣164 |
Cheapest Oregon Car Insurance: Young Drivers
As mentioned, new drivers and early 20s typically pay the most expensive car insurance rates. This is mainly due to the fact that these drivers don’t have as much experience driving and are more likely to break traffic rules and get into car crashes.
In fact, the fatal crash rate per mile driven for teen drivers was nearly three times the rate for drivers 20 years old and older in 2021, according to the Insurance Institute for Highway Safety.
Cheapest Oregon Car Insurance For 16-Year-Olds: Country Financial
If you’re a teen driver or the parent of one, Country Financial may be your best bet for finding the most affordable car insurance in Oregon.
The company’s cheapest average rates for 16-year-old drivers are $124 per month or $1,487 per year, which is relatively affordable compared to other states. If you’re looking for full coverage, the average is $332 per month or $3,986 per year from Country Financial.
| Cheapest Car Insurance in Oregon | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Country Financial | 124∣124 | 124∣332 |
| Travelers | 162∣162 | 162∣432 |
| GEICO | 167∣167 | 167∣456 |
| USAA | 203∣203 | 203∣543 |
| State Farm | 277∣277 | 277∣663 |
| Sentry | 314∣314 | 314∣625 |
| Progressive | 463∣463 | 463∣1,106 |
| Oregon Mutual | 577∣577 | 577∣1,006 |
| Allstate | 610∣610 | 610∣1,408 |
| Farmers | 852∣852 | 852∣1,642 |
Cheapest Oregon Car Insurance For 25-Year-Olds: Travelers
Car insurance rates for young drivers in their 20s decrease a lot compared to what teen drivers pay. However, the rates for this age group can still be quite high depending on the company you choose.
Travelers provides the cheapest car insurance costs on average at $52 per month or $622 per year for minimum coverage. Travelers costs $124 per month or $1,487 per year for full coverage.
| Cheapest Car Insurance in Oregon | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Travelers | 52∣52 | 52∣124 |
| USAA | 56∣56 | 56∣160 |
| GEICO | 59∣59 | 59∣152 |
| Country Financial | 73∣73 | 73∣187 |
| Progressive | 74∣74 | 74∣176 |
| State Farm | 76∣76 | 76∣207 |
| Oregon Mutual | 95∣95 | 95∣157 |
| Farmers | 135∣135 | 135∣278 |
| Allstate | 143∣143 | 143∣343 |
| Sentry | 154∣154 | 154∣301 |
Cheapest Oregon Car Insurance: Adult Drivers
Auto insurance rates are typically the most affordable for drivers who are in their 40s. You can compare average auto insurance premiums of drivers in their 30s, 40s, and 50s from the top five cheapest companies for each age group below.
Cheapest Oregon Car Insurance For 35-Year-Olds: USAA
Drivers in their mid-30s may insure their cars at the cheapest cost by getting a minimum coverage car insurance policy from USAA. The company offers average minimum-coverage costs of $49 per month or $586 per year. For full coverage, Travelers’s rates average $117 monthly or $1,400 annually.
| Cheapest Car Insurance in Oregon | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 49∣49 | 49∣136 |
| Travelers | 51∣51 | 51∣117 |
| Country Financial | 57∣57 | 57∣146 |
| GEICO | 57∣57 | 57∣139 |
| Progressive | 69∣69 | 69∣156 |
| State Farm | 70∣70 | 70∣168 |
| Oregon Mutual | 75∣75 | 75∣126 |
| Farmers | 118∣118 | 118∣246 |
| Sentry | 136∣136 | 136∣274 |
| Allstate | 144∣144 | 144∣311 |
Cheapest Oregon Car Insurance For 45-Year-Olds: USAA
Forty-five-year-old drivers may find the most affordable minimum coverage from USAA, with average rates of $46 per month or $555 per year. The cheapest full coverage comes from Travelers at $106 per month or $1,277 per year.
| Cheapest Car Insurance in Oregon | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 46∣46 | 46∣127 |
| Travelers | 49∣49 | 49∣106 |
| Country Financial | 55∣55 | 55∣138 |
| GEICO | 57∣57 | 57∣134 |
| Oregon Mutual | 68∣68 | 68∣113 |
| Progressive | 68∣68 | 68∣151 |
| State Farm | 71∣71 | 71∣167 |
| Farmers | 119∣119 | 119∣232 |
| Sentry | 126∣126 | 126∣248 |
| Allstate | 144∣144 | 144∣311 |
Cheapest Oregon Car Insurance For 55-Year-Olds: Travelers
People who are in their fifties usually get the most affordable car insurance rates in Oregon from Travelers. The insurer’s average premiums are $46 monthly or $548 annually for minimum coverage. The cheapest full coverage option is from Travelers, costing $106 monthly or $1,277 annually
| Cheapest Car Insurance in Oregon | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Travelers | 46∣46 | 46∣96 |
| USAA | 46∣46 | 46∣121 |
| GEICO | 52∣52 | 52∣119 |
| Country Financial | 54∣54 | 54∣132 |
| Progressive | 66∣66 | 66∣137 |
| State Farm | 68∣68 | 68∣158 |
| Oregon Mutual | 69∣69 | 69∣114 |
| Farmers | 109∣109 | 109∣212 |
| Sentry | 124∣124 | 124∣241 |
| Allstate | 147∣147 | 147∣309 |
Cheapest Car Insurance In Oregon: High-Risk Drivers
Besides the kind of coverage you get and how old you are, how safely you drive is also a major factor in determining how much you will have to pay for car insurance. Auto insurers typically determine if you’re a high-risk driver by looking at how many infractions are on your driving record, including speeding citations, at-fault accidents, and DUI convictions.
Average Car Insurance Rates For High-Risk Drivers
Drivers who have a history of multiple violations pay car insurance rates that are higher than the average. On average, Oregon motorists who are deemed high-risk may find the most affordable rates from Travelers for minimum coverage or Travelers for full coverage.
| Cheapest Car Insurance in Oregon | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Travelers | 68∣68 | 68∣162 |
| USAA | 79∣79 | 79∣220 |
| State Farm | 84∣84 | 84∣212 |
| Country Financial | 96∣96 | 96∣241 |
| GEICO | 98∣98 | 98∣262 |
| Progressive | 98∣98 | 98∣228 |
| Oregon Mutual | 118∣118 | 118∣189 |
| Farmers | 168∣168 | 168∣351 |
| Allstate | 192∣192 | 192∣456 |
| Sentry | 204∣204 | 204∣404 |
Cheapest Oregon Car Insurance For Drivers With A Speeding Ticket: Travelers
Drivers with a speeding citation on their record can generally find the most affordable coverage from Travelers, with average rates of $63 per month or $759 per year for minimum coverage and $153 per month or $1,838 per year for full coverage.
| Cheapest Car Insurance in Oregon | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Travelers | 63∣63 | 63∣153 |
| USAA | 67∣67 | 67∣190 |
| GEICO | 76∣76 | 76∣201 |
| State Farm | 79∣79 | 79∣201 |
| Country Financial | 86∣86 | 86∣221 |
| Progressive | 93∣93 | 93∣217 |
| Oregon Mutual | 94∣94 | 94∣148 |
| Farmers | 158∣158 | 158∣338 |
| Allstate | 165∣165 | 165∣389 |
| Sentry | 211∣211 | 211∣417 |
Cheapest Oregon Car Insurance For Drivers With An At-Fault Accident: Travelers
Getting into a car crash in Oregon might make your car insurance costs go up. Travelers tends to offer the most affordable rates on average at about $66 per month or $791 per year for minimum coverage and $159 per month or $159 per year for full coverage.
| Cheapest Car Insurance in Oregon | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Travelers | 66∣66 | 66∣159 |
| USAA | 80∣80 | 80∣221 |
| GEICO | 93∣93 | 93∣273 |
| State Farm | 94∣94 | 94∣235 |
| Country Financial | 98∣98 | 98∣245 |
| Oregon Mutual | 108∣108 | 108∣180 |
| Progressive | 113∣113 | 113∣264 |
| Farmers | 176∣176 | 176∣364 |
| Sentry | 216∣216 | 216∣423 |
| Allstate | 231∣231 | 231∣540 |
Cheapest Oregon Car Insurance For Drivers With A DUI: Travelers
If you’re a motorist with a drunk driving conviction, you may find the cheapest minimum car insurance in Oregon from Travelers for $74 per month or $885 per year on average. They also have rates of $174 monthly or $2,087 annually for full coverage.
| Cheapest Car Insurance in Oregon | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Travelers | 74∣74 | 74∣174 |
| State Farm | 79∣79 | 79∣201 |
| Progressive | 88∣88 | 88∣201 |
| USAA | 89∣89 | 89∣248 |
| Country Financial | 103∣103 | 103∣258 |
| GEICO | 124∣124 | 124∣312 |
| Oregon Mutual | 153∣153 | 153∣239 |
| Farmers | 170∣170 | 170∣351 |
| Allstate | 181∣181 | 181∣438 |
| Sentry | 187∣187 | 187∣374 |
Cheapest Oregon Car Insurance For Drivers With Poor Credit: GEICO
People who have bad credit have to pay more money for their car insurance. Those who don’t have the best credit history may want to check out GEICO, which has an average minimum-coverage rate of $85 per month or $1,021 per year and an average full-coverage rate of $219 per month or $2,631 per year.
| Cheapest Car Insurance in Oregon | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| GEICO | 85∣85 | 85∣219 |
| Travelers | 94∣94 | 94∣201 |
| Progressive | 117∣117 | 117∣285 |
| Country Financial | 118∣118 | 118∣272 |
| USAA | 119∣119 | 119∣318 |
| Oregon Mutual | 120∣120 | 120∣192 |
| Sentry | 204∣204 | 204∣408 |
| Farmers | 213∣213 | 213∣429 |
| Allstate | 233∣233 | 233∣543 |
| State Farm | 342∣342 | 342∣885 |
Average Cost Of Car Insurance In 10 Oregon Cities
Your location in Oregon is another thing that affects how much you have to pay for car insurance. Auto insurance companies consider drivers riskier to cover in areas with:
- Larger groups of people
- There are an increased number of cars on the road.
- More frequent car crashes
- More instances of breaking traffic rules and laws
- More incidents of car theft and car vandalism
- Extreme weather conditions
Certain factors that increase the chance of risks have a greater impact on people who own cars in bigger cities. As a result, drivers in busy cities have to pay the highest average price for car insurance with minimum coverage. On the other hand, drivers who reside in rural areas with lower crime rates and a smaller population are likely to have access to more affordable insurance rates.
| City | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Portland | 106∣106 | 106∣207 |
| Hillsboro | 90∣90 | 90∣173 |
| Aloha | 93∣93 | 93∣178 |
| Eugene | 71∣71 | 71∣149 |
| Albany | 69∣69 | 69∣144 |
| Medford | 65∣65 | 65∣142 |
| Bend | 63∣63 | 63∣145 |
| Gresham | 105∣105 | 105∣201 |
| Corvallis | 67∣67 | 67∣142 |
| Keizer | 87∣87 | 87∣168 |
Top 5 Car Insurance Companies In Oregon
Besides the price, we looked at more than 40 insurance companies to see how good their coverage, service, and reliability are. This helped us find the top five insurers for people in Oregon. Based on our research, we found Travelers to be the best provider for most drivers in Oregon. Here are our ratings for the choices we recommend.
| Overall Rating | Cost | Coverage | Reliability | Service | |
|---|---|---|---|---|---|
| #1 State Farm | 4.7 | 4.3 | 4.6 | 5.0 | 4.5 |
| #2 Travelers | 4.6 | 4.4 | 4.9 | 4.5 | 4.2 |
| #3 GEICO | 4.5 | 4.2 | 4.2 | 4.9 | 4.3 |
| #4 Progressive | 4.5 | 4.0 | 4.8 | 4.8 | 4.1 |
| #5 USAA | 4.5 | 4.7 | 4.8 | 4.5 | 4.3 |
*The overall and category ratings above are based on nationwide factors.
How To Get The Cheapest Car Insurance In Oregon
In Oregon, you have multiple options to reduce the amount you pay for car insurance. These include:
- Opting for minimum coverage: Opting for the bare minimum coverage mandated by your state will ensure that you pay the lowest amount for car insurance.
- Seeking out discounts: Most insurance companies have multiple discounts that can help cut down on premium costs, from military and good student discounts to discounts for drivers that remain accident free for five years.
- Raising your deductible: A higher deductible will lower your premium costs, but you’ll have to pay more out of pocket if you file a claim.
- Bundling your auto insurance: You can often bundle your auto insurance with a homeowners insurance policy or other type of coverage to earn a discount.
- Comparing quotes: Getting price estimates from multiple companies can help you figure out which provider will give you the best offer.
Many insurance companies offer usage-based insurance programs as a way to save money. These programs use telematics to monitor your driving habits–from your speed and braking to the time of day you drive. If you drive safely, you have a chance to receive a significant discount. However, certain programs may increase your rates if you engage in risky driving habits.
Some companies also offer diminishing deductibles and accident forgiveness. A diminishing deductible option decreases your deductible amount each time you renew your policy. Accident forgiveness ensures that your rates won’t increase after your first accident with the company.
What Does Oregon Require For Car Insurance?
Drivers in Oregon must meet minimum insurance requirements as outlined by state law, which include basic liability insurance and uninsured/underinsured motorist (UM/UIM) coverage:
- $50,000 bodily injury liability per accident
- $25,000 bodily injury liability per person
- $20,000 property damage liability per accident
- $15,000 personal injury protection
- $50,000 underinsured/uninsured motorist bodily injury coverage per accident
- $25,000 underinsured/uninsured motorist bodily injury coverage per person
Liability coverage only takes care of other parties’ injuries and property damages in an accident that you cause. UM/UIM covers your injuries and property damages, but only in the case that the at-fault driver has little to no auto insurance.
Getting comprehensive insurance will ensure that your car is covered if stolen, vandalized, or damaged by floods, fire, animals, or other natural disasters. Collision insurance covers your car repairs after an accident.
Our Take: Best Cheap Car Insurance In Oregon
When it comes to both minimum and full coverage, Travelers is the best and cheapest auto insurance company for most drivers in Oregon. While the above costs can give you an idea of what you’d pay for car insurance in Oregon, seeking an individualized rate will help give you a more accurate picture of what you’ll pay.
Many companies offer quick and no-cost tools online that you can use to get a price estimate. Alternatively, you can contact an insurance agent or representative at the company by phone. Once you have gathered car insurance quotes from at least three providers, compare them to find the one that suits you best.
Best Cheap Car Insurance In Oregon: FAQ
Here are some frequently asked questions about car insurance in Oregon:
How much is car insurance per month in Oregon?
The average cost of minimum-coverage car insurance in Oregon is $87 per month or $1,047 per year. For full coverage, the average is $195 per month or $2,342 per year.
Is Oregon Car Insurance Cheaper?
Oregon auto insurance is typically more expensive than the national average. Nationwide, the average cost of minimum-coverage insurance is 670peryear,whiletheaverageinOregonis∗∗670 per year, while the average in Oregon is 670peryear,whiletheaverageinOregonis∗∗1,047 per year. For full coverage, residents of Oregon pay about $2,342 per year on average, which is more than the national average of $2,216 per year.
How We Rate Insurers
Our review process aims to deliver consistent and unbiased assessments of car insurance providers. While there are multiple qualities that make a car insurance company successful, our review team focuses on those we believe are the most important for consumers:
- Cost: Cost can be difficult to compare between insurers because so many factors impact annual premiums. The cheapest insurer for one driver may not be the cheapest for another. To determine our cost score, we look at insurance rate estimates generated by Quadrant Information Services, discount opportunities, and consumer reports.
- Coverage: To determine our coverage score, we look at the number of coverage options available as well as coverage limits and deductible options. Our ratings also take into account additional services and benefits like roadside assistance.
- Reliability: It’s important that an auto insurer is able to meet its claims obligations. Companies with a strong financial strength rating from AM Best score best in this category. Established insurers with a long history of reliable service also receive positive marks.
- Service: We comb through customer reviews on sites like the Better Business Bureau (BBB) to learn about customer experiences. Insurers with a low volume of complaints score well in this area. We also consider the claims process, giving higher ratings to car insurance providers that offer easy-to-use claims apps.
*Data accurate at time of publication.