How Much Is Car Insurance in Oregon? (2023)

Your age, location, coverage level, driving history, credit score and other factors can affect your car insurance rates. For instance, Oregon's car insurance rates range from $706 per year with State Farm to $2,440 per year with Dairyland. In addition, young drivers can expect to pay an average of $1,284 per year, while senior drivers pay an average of $1,087 per year.

While the average cost of car insurance in Oregon is $1,107 annually, your rates may differ based on your coverage amount and driving record, among other factors. For instance, here's the average cost of insurance for Oregon drivers based on their driving records:

• Clean record: $1,107 per year
• Speeding ticket: $1,404 per year
• Accident: $1,584 per year
• DUI: $1,658 per year

The above rates are for a full coverage policy — rates for minimum coverage policy will be lower.

Oregon's average car insurance cost is considered moderate compared to other states, with policies costing an average of $53 more than the nationwide average cost of $1,054. Oregon's moderate car insurance rates could be attributed to factors such as medium traffic density, lower urban population density, cheaper insurers and lower vehicle theft rates. However, if car insurance in Oregon is expensive for you, it could be due to personal factors like age or driving history.

The average cost of car insurance in Oregon may be misleading as rates differ — sometimes significantly — between providers. State Farm provides the cheapest car insurance in Oregon for a minimum coverage policy at $381 per year ($706 per year for full coverage), whereas Dairyland charges the highest premiums at $1,513 per year ($2,440 per year for full coverage).

While liability-only policies are cheaper than full coverage policies, it is still feasible to find cheap full coverage insurance by exploring different options.

In Oregon, the average cost of car insurance ranges from $629 per year for state minimum coverage to $1,217 for full coverage with higher liability limits. As liability limits increase, so does the insurance cost. Opting for comprehensive and collision coverage will increase your annual rate by hundreds of dollars. To save money on a full coverage car insurance policy, you can select a higher deductible.

The cheapest car insurance policy available includes only the minimum coverage limits required in Oregon. These policies provide the lowest possible liability limits and do not include comprehensive or collision coverage. Note that Oregon minimum coverage policies also include personal injury protection and uninsured motorist insurance, which can increase the cost of a minimum policy compared to other states.

Insurance providers usually offer policies that come with higher liability limits, denoted as 50/100/50 or 100/300/100. If you choose a policy with liability limits of 50/100/50, your coverage would include the following:

• $50,000 in bodily injury liability per person
• $100,000 in bodily injury liability per accident
• $50,000 in property damage liability per accident

Insurers often provide maximum liability limits of 300/500/300. Liability insurance covers damage to or medical expenses for others. You need to add comprehensive and collision insurance, also known as full coverage, if you'd like coverage for damages to you or your vehicle.

The cost of car insurance can vary greatly by age, with car insurance for new drivers or young drivers usually having the highest rates. Below are the average costs of car insurance in Oregon by age group:

• 22–29: $1,284 per year
• 30–59: $1,107 per year
• 60+: $1,087 per year

Insurance rates for drivers in their 20s are typically higher than for other age groups. However, rates tend to remain stable for drivers between 30 and 59 years old and then decrease for drivers over 60 years old. Adults over 30 who are new drivers pay rates similar to drivers in their 20s.

The average cost of car insurance for teen drivers in Oregon is significantly higher than for other age groups. A 16-year-old male driver on a family plan pays an average of $2,361 per year, while the average cost for an individual policy is even higher at $6,029 per year. Note that in most cases, teens under 18 are legally required to have a parent or guardian co-sign in order to purchase an individual policy.

As teen drivers age, insurance costs tend to decrease significantly. For example, a 19-year-old on a family plan pays an average of $1,790 per year, whereas a 22-year-old pays $1,503. On average, rates for 16-year-old male drivers may be higher than those for their females. For instance, a 16-year-old female on a family policy in Oregon pays an average yearly premium of $2,203, which is $158 less than a male teen would pay.

Car insurance rates for teens in Oregon may also vary among insurance providers, and some insurers may offer more affordable rates than others. If you're looking for affordable car insurance for teens in Oregon, it's wise to compare rates from different providers.

Insuring a new vehicle in Oregon costs an average of $1,282 per year, which is 11% higher than the cost of insuring an older vehicle at $1,152. The higher insurance cost for new cars is due to factors such as their higher actual cash value (ACV), cost of repairs and greater risk of theft.

The ACV of a car can impact insurance rates as it relates to how much an insurer can expect to pay out for a claim if the car is damaged or totaled. Therefore, an older vehicle with a lower ACV is generally cheaper to insure. Drivers with newer cars should consider opting for full coverage insurance, which covers damages to their own vehicle.

In Oregon, car insurance rates are higher on average for drivers with traffic violations than for those with clean driving histories. The average rates for drivers with traffic violations are as follows:

• Clean record: $1,107 per year
• Speeding ticket: $1,404 per year
• Accident: $1,584 per year
• DUI: $1,658 per year

Generally, the cost of car insurance increases with the severity of the driving violation. For example, average rates are higher following a DUI than after a speeding violation. We recommend comparing rates from multiple providers to find affordable car insurance in Oregon for drivers with poor records.

The cost of your car insurance can be significantly influenced by your credit score. In Oregon, drivers with poor credit pay an average of $1,696 per year, while those with excellent credit only pay $851 per year. Here are the average costs of car insurance in Oregon according to credit score:

• Excellent: $851 per year
• Good: $1,014 per year
• Fair: $1,239 per year
• Below fair: $1,418 per year
• Poor: $1,696 per year

Note that some insurers may charge more than others for lower credit scores. It's a good idea to compare rates from multiple providers to find affordable car insurance in Oregon for drivers with poor credit.

Your location within Oregon can have a considerable impact on your car insurance rates. For instance, individuals living in Portland are charged the highest average rates for a full coverage policy at $1,560 per year, while those residing in Eugene pay the least at $1,044 per year. Typically, areas with more traffic and higher population densities, like Portland, have more expensive car insurance rates.

If you're wondering how much car insurance costs in Oregon, note that rates vary depending on your personal details and location. Check out MoneyGeek's answers to frequently asked questions below to find out more.