How Much Is Car Insurance in Oregon? (July 2024)

Oregon drivers pay an average of $1,379 a year for full coverage car insurance. If you opt for minimum coverage, the cost drops to about $781 annually.

Many factors can affect your car insurance premium. Insurance companies consider your age, the level of coverage you choose, where you live, your driving record and your credit history. Staying informed on these and other factors can help you find a policy that's affordable and right for your needs.

Oregon's average full coverage car insurance cost is around $1,379 yearly or $115 monthly. Understanding the average cost of car insurance helps you determine if you're being offered a competitive rate when comparing car insurance quotes.

The summary below shows how the average costs for auto insurance in Oregon could affect you. Whether you’re looking for minimum coverage or comprehensive full coverage, these numbers reflect what you might pay monthly or annually for your insurance policy.

In Oregon, a full coverage policy with a $1,000 deductible averages $1,359 per year ($115 per month), while the minimum coverage costs around $781 annually ($65 per month). Compared with the national average cost of car insurance, Oregon's rates are notably higher. Nationally, the average full coverage annual premium is $1,296 per year ($108 per month), and minimum coverage is $595 per year ($50 per month).

Oregon's moderate car insurance costs are influenced by state-specific insurance laws, weather conditions, road conditions and the number of uninsured drivers, all of which influence the rate of insurance claims. The general cost of vehicle repairs and medical care in Oregon also impacts costs. Prices can further vary based on personal factors, such as your driving record and the type of car you drive.

For Oregon drivers seeking the cheapest full coverage, Country Financial offers an annual premium of $965. Dairyland has the most expensive full coverage at $3,281 per year.

Finding the cheapest car insurance in Oregon saves money. Compare quotes across providers to secure a policy that provides the necessary coverage at an affordable price.

The cost of car insurance in Oregon is also influenced by the type of coverage selected. For example, minimum coverage averages $65 per month, whereas full coverage with a $1,000 deductible averages $115 per month. Full coverage is often recommended because it provides more comprehensive protection for your vehicle.

For those considering full coverage insurance, it's worth noting that including comprehensive and collision coverages will raise your premium. However, selecting a higher deductible can help offset the increased cost. The deductible amount applies individually to both comprehensive and collision coverages in your policy.

In Oregon, the minimum car insurance requirements include $25,000 for bodily injury per person, $50,000 for bodily injury liability per accident, and $20,000 for property damage per accident. Also required are $25,000 per person and $50,000 per accident for uninsured/underinsured motorist coverage and $15,000 in personal injury protection.

Your exact location can significantly influence your car insurance premiums. Eugene has the lowest full coverage rate at $1,044 per year, while Portland's rate is $1,560 for the same coverage.

Oregon residents can see significant variances in car insurance costs. Factors such as local traffic conditions, theft rates and weather risks all play a role. The type of vehicle you drive and your driving history are also important in determining your premiums.

Age influences car insurance costs in Oregon, with trends reflecting the maturity and experience of the driver. Younger drivers, particularly those aged 22 to 29, pay the highest premium at around $1,589 per year. As drivers age, gain experience and demonstrate safer driving habits, premiums tend to decrease. Those between 30 and 59 pay less at $1,379 per year, while drivers over 60 enjoy the lowest annual rate of $1,347.

Age and gender affect car insurance rates in Oregon. A 16-year-old male driver added to a family policy pays an average annual cost of $2,361 for car insurance, the highest premium among teenage drivers.

Teens under 18 usually cannot purchase car insurance without an adult co-signer. If opting for an individual policy, the premium for a 16-year-old boy soars to approximately $6,029 annually.

The average annual cost of full coverage car insurance for a 2012 vehicle model is $1,152, while a 2022 model has a higher premium at $1,282. This increase is due to the higher actual cash value, repair costs and risk of theft associated with newer vehicles, which insurers account for when pricing premiums.

Drivers of newer models should consider comprehensive and collision coverage to protect against a range of potential losses, including accidents, natural disasters and theft, thus ensuring financial security in the face of unforeseen circumstances.

The average cost of car insurance in Oregon fluctuates significantly based on your driving record.

• With a ticket: $1,720 per year; $143 per month
• With an at-fault accident: $1,944 per year; $162 per month
• With a DUI: $2,001 per year; $167 per month

The type of driving offense greatly impacts how much you pay for car insurance in Oregon. Any violation will increase your premium and continue to affect your cost for as long as it stays on your record. This duration varies by state. For instance, in Oregon, a DUI can remain on your record and impact your insurance rates for up to 10 years.

To find the average cost of car insurance in Oregon for each driving record, you can navigate the table by coverage and age group.

Your credit score can play a significant role in the cost of car insurance in Oregon. For example, drivers with excellent credit may pay around $851 annually, while those with a poor score might be quoted approximately $1,696.

Your credit score affects your car insurance rates because insurers view it as an indicator of risk. A good credit score ranges from 670 to 739. Generally, the better your score, the more affordable your car insurance premiums.

Discover the key factors that affect your car insurance rates in Oregon, ensuring you find an affordable plan tailored to your needs.

• Location: Urban areas in Oregon often have higher insurance premiums due to increased risks of theft, vandalism and accidents.
• Age and Gender: Younger drivers, particularly males, may see higher rates because they're statistically more likely to be involved in accidents.
• Driving Record: A clean driving record can result in lower premiums, while accidents and violations can increase costs in Oregon.
• Vehicle Type: The make, model and age of your vehicle can impact your insurance costs, with newer, luxury cars typically incurring higher rates.
• Coverage Level: Opting for higher coverage limits or adding comprehensive insurance will influence the cost of your policy.
• Credit Score: Oregon allows insurers to consider credit scores when setting rates; a higher credit score can lead to more favorable insurance premiums.
• Marital Status: Married individuals might receive lower rates as they are statistically shown to file fewer claims than their single counterparts. Discount Eligibility: Discounts for good drivers, multi-car policies and defensive driving courses can reduce premiums in Oregon.
• Collision Insurance: Adding collision coverage will increase your rate but provides protection in accidents.
• Minimum Coverage: Choosing Oregon's state minimum coverage can offer a lower rate but may not provide adequate protection in all incidents.

Compare car insurance quotes to find a policy that meets your driving needs and budget. By not exploring your options, you could miss out on potential savings.

To secure affordable car insurance in Oregon, shop around for competitive rates, opt for a higher deductible and take advantage of all available discounts.

Get answers about what impacts the average cost of car insurance in Oregon and how to find affordable rates.