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


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Updated: June 19, 2024

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Oregon drivers pay an average of $1,359 a year for full coverage car insurance. If you opt for minimum coverage, the cost drops to about $778 annually.

When getting car insurance, many factors can affect your premium. The insurance company looks at your age, the level of coverage you choose, where you live, your driving record and your credit history. Staying informed on these factors can help you find a policy that's both affordable and right for your needs.

Why Trust MoneyGeek? We analyzed data and quotes from Quadrant Information Services and the Oregon Division of Financial Regulation to get the most precise average costs for a variety of Oregon drivers.

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These rates reflect the average cost of car insurance in Oregon as of June 2024.

51,654Quotes Analyzed
 
13Companies Compared
 
47ZIP Codes

Average Car Insurance Costs in Oregon

Oregon's average full coverage car insurance cost is around $1,359 yearly, or $113 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 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.

100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$1,359Average Monthly Premium$113
100/300/100 Liability OnlyAverage Annual Premium$974Average Monthly Premium$81
State Minimum Liability OnlyAverage Annual Premium$778Average Monthly Premium$65

Why Are Car Insurance Rates Moderate in Oregon?

In Oregon, a full coverage policy with a $1,000 deductible averages at $1,359 per year, while the minimum coverage comes in at around $778 annually. Compared with the national average cost of car insurance, Oregon's rates are slightly higher. Nationally, the average full coverage annual premium is $1,244 and minimum coverage is $573.

Factors influencing Oregon's moderate car insurance costs include the number of uninsured drivers, the state's weather condition and the urban population density, all of which can increase the risk of claims. Insurance prices can also vary widely depending on personal factors, like your driving record and the type of car you drive.

Average Car Insurance Costs in Oregon by Company

Car insurance premiums can vary widely. For drivers in Oregon seeking the cheapest full coverage, American Family offers an annual premium of $977, in contrast to Dairyland's $3,124 average.

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.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
American FamilyAnnual Premium$977Monthly Premium$81
Country FinancialAnnual Premium$992Monthly Premium$83
TravelersAnnual Premium$1,027Monthly Premium$86
Capital Insurance GroupAnnual Premium$1,050Monthly Premium$88
ProgressiveAnnual Premium$1,069Monthly Premium$89
KemperAnnual Premium$1,076Monthly Premium$90
NationwideAnnual Premium$1,136Monthly Premium$95
State FarmAnnual Premium$1,162Monthly Premium$97
Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

Average Car Insurance Costs in Oregon by Coverage Level

The cost of car insurance in Oregon is also influenced by the level of coverage you select. For instance, the average monthly cost for minimum coverage is $65, whereas full coverage typically costs around $113. Despite being more expensive, a full coverage policy is recommended because it provides a more comprehensive financial protection against various types of incidents.

Although adding comprehensive and collision coverage to your policy will increase your premiums, opting for higher deductibles, such as $1,000, can help make this extra protection more affordable. The deductible amount applies individually to each comprehensive and collision claim you make.

State Minimum Liability OnlyAverage Annual Premium$778Average Monthly Premium$65
100/300/100 Liability OnlyAverage Annual Premium$974Average Monthly Premium$81
300/500/300 Liability OnlyAverage Annual Premium$1,156Average Monthly Premium$96
State Minimum Liability w/ Full Cov. w/$1,000 Ded.Average Annual Premium$1,229Average Monthly Premium$102
State Minimum Liability w/ Full Cov. w/$500 Ded.Average Annual Premium$1,252Average Monthly Premium$104
State Minimum Liability w/ Full Cov. w/$1,500 Ded.Average Annual Premium$1,284Average Monthly Premium$107
100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$1,359Average Monthly Premium$113
100/300/1000,000 - 500 comp_collAverage Annual Premium$1,382Average Monthly Premium$115

Minimum Car Insurance Requirements in Oregon

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

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    $25,000 for bodily injury liability per person

    In Oregon, drivers must carry a minimum of $25,000 in bodily injury liability coverage for each person injured in an accident.

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    $50,000 for bodily injury liability per accident

    State minimum coverage in Oregon requires $50,000 for all persons injured in any one accident.

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    $20,000 for property damage liability per accident

    Oregon law mandates that drivers have at least $20,000 in property damage liability coverage for each accident.

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    $25,000 uninsured motorist bodily injury per person

    Oregon drivers need a minimum of $25,000 in uninsured motorist coverage for bodily injury per person.

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    $50,000 uninsured motorist bodily injury per accident

    The state minimum for uninsured motorist bodily injury coverage per accident in Oregon is $50,000.

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    $15,000 personal injury protection (PIP) per person

    Oregon's minimum coverage includes $15,000 in personal injury protection per person to cover medical expenses.

Average Car Insurance Costs in Oregon by City

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

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.

EugeneFull Coverage Annual Premium$1,044Minimum Coverage Annual Premium$619
GreshamFull Coverage Annual Premium$1,501Minimum Coverage Annual Premium$921
HillsboroFull Coverage Annual Premium$1,274Minimum Coverage Annual Premium$788
PortlandFull Coverage Annual Premium$1,560Minimum Coverage Annual Premium$953
SalemFull Coverage Annual Premium$1,239Minimum Coverage Annual Premium$752

Average Car Insurance Costs in Oregon by Age

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 premiums, averaging $1,563 annually. As drivers age, gaining experience and demonstrating safer driving habits, premiums tend to decrease. Those between 30 and 59 years old pay on average $1,359, while drivers over 60 enjoy the lowest rates at $1,327 annually.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
22-29Average Annual Premium$1,563Average Monthly Premium$130
30-59Average Annual Premium$1,359Average Monthly Premium$113
60 +Average Annual Premium$1,327Average Monthly Premium$111

Average Car Insurance Costs in Oregon for Teens

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.

Data filtered by:Results filtered by:
Gender:
Gender:Male
16Added to Family Policy Premium$2,361Individual Premium$6,029
17Added to Family Policy Premium$2,222Individual Premium$4,761
18Added to Family Policy Premium$1,906Individual Premium$4,087
19Added to Family Policy Premium$1,790Individual Premium$2,803
20Added to Family Policy Premium$1,878Individual Premium$2,528
21Added to Family Policy Premium$1,407Individual Premium$1,859
22Added to Family Policy Premium$1,503Individual Premium$1,719
23Added to Family Policy Premium$1,561Individual Premium$1,580

Average Car Insurance Costs in Oregon for New Cars

The average annual cost for full coverage car insurance on a 2012 vehicle model is $1,152, while a 2022 model demands a higher premium at $1,282. This uptick is due to the increased 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.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
2012 VehicleAnnual Premium$1,152Monthly Premium$96
2022 VehicleAnnual Premium$1,282Monthly Premium$107
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ACTUAL CASH VALUE

The actual cash value (ACV) of your vehicle is the basis for calculating how much your insurance company will reimburse you after a comprehensive or collision claim. It represents your vehicle's market value, considering depreciation at the time of the claim. Your insurance payout will be up to the ACV minus your deductible.

Average Car Insurance Costs in Oregon by Driving Record

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

  • With a ticket: $1,692 per year; $141 per month
  • With an at-fault accident: $1,912 per year; $159 per month
  • With a DUI: $1,981 per year; $165 per month

The type of driving offense has a big impact on how much you pay for car insurance in Oregon. Any violation will increase your premium, and it will 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 stay 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.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
Age Group:
Age Group:30-59
CleanAverage Annual Premium$1,359Average Monthly Premium$113
TicketAverage Annual Premium$1,692Average Monthly Premium$141
At-fault AccidentAverage Annual Premium$1,912Average Monthly Premium$159
DUIAverage Annual Premium$1,981Average Monthly Premium$165

Average Car Insurance Costs in Oregon by Credit Score

Your credit score can play a big 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 $1,418.

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. The better your score, typically the more affordable your car insurance premiums.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 w/ $1000 Deductible
Age Group:
Age Group:30-59
ExcellentAnnual Premium$851Monthly Premium$71
GoodAnnual Premium$1,014Monthly Premium$84
FairAnnual Premium$1,239Monthly Premium$103
Below FairAnnual Premium$1,418Monthly Premium$118
PoorAnnual Premium$1,696Monthly Premium$141
Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

Factors Affecting Car Insurance Rates in Oregon

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 lead to increased 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: Taking advantage of discounts for good drivers, multi-car policies or defensive driving courses can reduce your 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 matches your driving needs and fits your budget. You could miss potential savings by not exploring your options.

How to Save Money on Car Insurance in Oregon

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

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    Compare Multiple Quotes

    Reviewing various insurance options can lead to finding the cheapest car insurance in Oregon. Always compare rates from multiple providers to ensure the best deal.

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    Maintain a Clean Driving Record

    A clean driving record can significantly reduce your insurance costs. Avoid traffic violations and accidents to qualify for lower premiums.

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    Choose a Higher Deductible

    Opting for a higher deductible can lower your monthly premiums. Ensure you can afford the deductible in case of a claim.

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    Bundle Insurance Policies

    Bundling car insurance with other policies like homeowners or renters insurance can unlock discounts and lead to more affordable rates.

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    Look for Discounts

    Insurers offer various discounts, such as for safe driving, good students or having anti-theft devices. Ask providers about available discounts to reduce costs.

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    Drive a Car with Lower Insurance Costs

    The type of car you drive affects your insurance rates. Choose a model with strong safety features and a low history of claims to get better rates.

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    Review Your Coverage Regularly

    Life changes can affect insurance needs. Regularly review your policy to ensure it still offers the most affordable coverage for your situation.

FAQ: Car Insurance Costs in Oregon

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

What are the minimum car insurance requirements in Oregon?
What is the average cost of full coverage and minimum coverage auto insurance in Oregon?
What is the average cost of car insurance for a 22-year-old in Oregon?
What are the cheapest car insurance companies in Oregon?

About Mark Fitzpatrick


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Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.