How Much Is Car Insurance in Oregon? Rates by Coverage Level, Age, Driving History and Location
MoneyGeek gathered rates from many companies based on one sample driver profile. Compared to the national average car insurance cost of $1,424, the average car insurance cost in Oregon is moderately priced at $1,181, ranking as the 26th cheapest state. MoneyGeek also arrived at estimated rates for drivers by age, coverage level, driving history, credits score and location.
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Our sample driver, a 40-year-old with a clean record looking for a full-coverage policy, pays an average of $1,181 per year in Oregon. The same driver can opt for minimum coverage for an average of $802 per year. However, first-time drivers and younger individuals pay more for their coverage. For example, a 16-year-old buying their own policy pays an average of $2,663 per year in the state.
Average Cost of Car Insurance in Oregon: Summary
When calculating the average car insurance cost in Oregon, car insurance companies consider factors to determine the coverage costs. In Oregon, age and poor credit scores weigh most heavily for premiums. Drivers should research average costs across various driver profiles for a sense of how much they are likely to pay in the state.
Average Costs of Car Insurance in Oregon
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- DriverAverage Annual PremiumAverage Monthly Premium
- The Average Driver$1,181$98
- $802$67
- $2,663$222
- $1,541$128
- $1,699$142
Why Are Car Insurance Rates Reasonable in Oregon?
MoneyGeek identified that Oregon's average car insurance costs are moderately priced in the United States. The state's low highway density, number of uninsured drivers, and possibility of disaster contribute to more affordable rates. Its above-average urban population share and vehicle theft figures slightly drive rates up in the state.
Average Cost of Car Insurance in Oregon: Full Coverage vs. Minimum Coverage
Under the Oregon Financial Responsibility Law, it is illegal to own and drive a vehicle without at least a minimum liability coverage. Each driver should have an insurance policy number when registering a new vehicle, with some rare exceptions for specific vehicles.
When requesting quotes, annual premiums will also depend on the amount of coverage you buy. A policy that meets the state minimum costs an average of $802 per year. That's a $380 per year difference from the average cost of full coverage car insurance in Oregon: $1,181.
Average Cost of Car Insurance in Oregon by Coverage Level
Minimum vs. Full Coverage Car Insurance Costs in Oregon - By Company
Scouring the market for the policy that meets your needs and budget requires you to receive quotes from 4-5 different car insurance companies.
MoneyGeek found that GEICO offers the cheapest Oregon car insurance rates. For minimum coverage, the company charges an average of $556 per year. GEICO's average full-coverage policy costs $979 per year on average. American Family has the most expensive average rate for a minimum policy at $1,037, and Allstate has the most expensive average full-coverage rate at $1,457 per year.
Average Annual Costs of Car Insurance in Oregon - By Company
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- CompanyMinimum CoverageFull Coverage
- $465$770
- $566$979
- $766$992
- $629$1,002
- $683$1,037
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How Much Is Car Insurance in Oregon by Age
Younger and first-time drivers pay higher premiums for their own coverage. For example, a 16-year-old buying their own policy in Oregon pays $2,663 per year, on average. Rather than getting their own policy, younger drivers can save by being added to their parents' policy.
Insurance companies charge these drivers higher premiums due to age, driving experience, and their increased risk on the road.
Average Costs of Full Coverage Car Insurance in Oregon - By Age
How Does Driving History Affect Car Insurance Costs in Oregon?
Risky drivers tend to pay more for car insurance. A driver with a speeding ticket will pay an average of $1,541 per year in Oregon — an extra $359 per year than a safe driver in the state. Additionally, worse violations drive premiums even higher.
Individuals with bad driving records, including involvement in collisions and suspensions, also pay higher insurance costs. An accident can increase premiums by an average of $604 per year, and a DUI drives costs up by $606 a year on average.
Average Costs of Full Coverage Car Insurance in Oregon - By Driving History
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- Driving ViolationAnnual Premium
- Safe Driver$1,181
- Speeding Ticket$1,541
- At-Fault Accident$1,785
- DUI$1,787
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Credit Scores and the Cost of Car Insurance in Oregon
Insurance companies also consider your credit history when calculating policy coverage. This can hurt Oregon policyholders with poor credit scores, who pay an extra $675 per year, on average.
However, you can negotiate a cheaper rate by maintaining a good credit score. Individuals with excellent credit ratings pay $171 per year less in premiums, on average, than creditors with good standing.
Average Costs of Full Coverage Car Insurance in Oregon - By Credit Score
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- Credit ScoreAnnual Premium
- Excellent$853
- Good$1,025
- Fair$1,217
- Below Fair$1,412
- Poor$1,699
How Much Is Car Insurance in Your City?
Since the amount of accidents also varies among cities, Oregon car insurance rates differ, as well. Insurance is more expensive in densely populated cities due to the increased likelihood of road accidents and theft.
Eugene offers the most affordable rates in the state — as low as $847, on average. On the other hand, Gresham is the most expensive city in Oregon for car insurance, with average premiums rising to $1,230 annually.
Frequently Asked Questions About Oregon Car Insurance Rates
MoneyGeek has answered some frequently asked questions about Oregon car insurance rates for drivers to make more informed coverage decisions.
Methodology
MoneyGeek, in a partnership with Quadrant Information Services, collected data on car insurance quotes for our analysis.
To arrive at these figures, we based our calculations on one sample driver: a 40-year old safe driver with full coverage. MoneyGeek applied other factors, such as coverage level, age, driving violations and credit score for more extensive analysis. Check out our methodology page for full transparency on how we compute rates.
We also included in our calculation Oregon traffic density, driver insurance, urban population share, and vehicle theft rate as important factors.
- Highway traffic density was calculated with 2019 data from the Federal Highway Administration.
- Data on uninsured motorists was drawn from 2019 data from the Insurance Research Council.
- Urban share of population was calculated using the latest data from the U.S. Census Bureau.
- Data on motor vehicle theft rate was drawn from the FBI Crime in the United States Report for 2019.
About the Author
sources
- Oregon Department of Transportation. Oregon.gov. "Insurance Requirements." Accessed September 15, 2021.